https://eyeonhousing.org/2023/10/total-credit-outstanding-declines-as-interest-rates-climb/ National Association of Home Builders Discusses Economics and Housing Policy Tue, 14 Nov 2023 17:25:31 +0000 hourly 1 https://eyeonhousing.org/2023/10/total-credit-outstanding-declines-as-interest-rates-climb/#comment-2221528 Tue, 14 Nov 2023 17:25:31 +0000 https://eyeonhousing.org/?p=34114#comment-2221528 Higher interest rates may lead to increased borrowing costs for construction projects. Builders and developers seeking construction loans might face tighter financial constraints due to these rising rates, influencing project budgets and overall construction activity. Lenders might adjust their loan terms in response, making it crucial for borrowers to carefully consider the financial implications before securing construction financing.

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