blog

Nonresidential Lending Ramps Up – Construction Market: Better Than You Thought?


The construction market – and thus the commissioning profession – is reputedly slower since the onset of COVID-19. But in the second quarter, U.S. banks had $380.61 billion in total construction loans on their books, according to regulatory filings, up 2.9% from the first quarter. Banks’ construction loans as a percentage of total loans and leases rebounded to 3.46%, after a dip to 3.37% in the first quarter. Nonresidential construction lending drove the second-quarter gain, rising 4.2% sequentially to $300.35 billion. The following chart from S&P Global lists the top 20 lenders nationwide:

The leading construction lenders in the quarter were Wells Fargo & Co. and U.S. Bancorp, both of which increased their holdings of nonresidential construction loans from the prior quarter.

Leave a reply

We encourage you to comment on this blog. All viewpoints are welcome, but please be constructive. We reserve the right to make editorial decisions regarding submitted comments, including but not limited to removal of comments.

Your email address will not be published. Required fields are marked *