Financial Markets Still Need Time to Heal

 

The permanent mortgage market is functioning, thanks to the federal government, but underwriting standards are tighter and fewer households can qualify for a mortgage.
Courtesy of Lowe’s Commercial Services

The financial markets have come a long way since their near collapse a year ago. Some components are functioning close to normal while others need more time and a healthier economy to heal.

Financial institutions are still failing. The vicious cycle of foreclosures continues to threaten stability in home prices. Acquisition, development and construction (AD&C) loans remain out of reach for most builders. This means it could still take more than half a ear for landscape professionals to seize their opportunities.

The measures the government has taken that have brought us to this point have caused concerns of their own that may last even longer.

Courtesy of NAHB