Construction MMI®: Midwest Bar Fuel Surcharge Up, Home Construction Lending Lags

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Home construction lending slowed its growth in the fourth quarter, underscoring that the home-building recovery remains restrained.

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Outstanding loans for construction of residential projects of one to four units by lenders backed by the Federal Deposit Insurance Corp. totaled $51.2 billion in the fourth quarter, up 2.3% from the third, FDIC data released Tuesday show. That increase is smaller than the 3.8% gain in the third quarter and the 5.3% gain in the second.

 

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