| Log In | Register Now
Some of the hottest action at the International Builders' Show last week in Las Vegas was between lenders and home builders seeking financing to build.
The rates lenders were offering ranged from 12 percent to 15 percent with some banks and private equity funds asking as much as 20 percent.
A survey of builders by the National Association of Home Builders showed that 85 percent believe that access to financing has been getting progressively worse over the last 18 months. Home construction loans were down 51 percent in the third quarter of 2009 compared to the peak in 2006.
"We're missing opportunities," says Michael Sivage, CEO of Sivage Homes in Albuquerque, N.M. "In a normal market, we'd have bankers beating down the doors to get our business, but not today."
Source: Associated Press, Alex Veiga
First Photos of Beyonce’s Baby Blue Ivy Carter Reignite Surrogacy Rumors [PHOTOS]
Diet Soda: Research Sparks Debate on Risks of Heart Disease, Stroke
Greece in Turmoil as EU Austerity Package Put on Hold
Greece in Turmoil as EU Austerity Package Put on Hold
Is Kim Jong-un Dead?
Kim Jong-un Assassination: Leader Rumored to be 'Shot to Death'
iPad 3 Rumors: A March Release? What Features to Really Expect
Samsung Galaxy S3 vs HTC Zeta: Stiff Quad-Core Battle Ahead
PS Vita Games: Price Drop for Digital Downloads Confirmed
Meet Sara, the Siri Alternative That Works on All iDevices
Top 5 Android Tablets
Free Edition
TAKE A TOURWe value your privacy. Your email address will not be shared.
![Baby Blue Ivy Carter was Conceived in Paris: Beyonce and Jay-Z Officially Announce Birth of Girl [VIDEO of 'Glory']](http://img.ibtimes.com/www/thumb/mainpage/214587-150110-jay-z-and-his-wife-beyonce-watch-the-new-jersey-nets-play-the-phoenix-.jpg)
