Construction industry

Extell Development, facing an Aug. 30 maturity for a construction loan, signed an agreement for a new loan on the New York property, using the unsold units in the 815-apartment project as collateral.

With bidding wars subsiding, new-home sales prices dropped, causing the largest decline in new construction since 2013, according to Redfin.

Software startups say bringing borrowers, builders and lenders onto one digital platform can remove some of the risks lenders faced during the crisis.

A heavily challenged ballot measure in a Denver suburb that aims to place strict limits on new residential construction got a breath of a life from a judge this week, but not in time for it to be placed on the Nov. 6 ballot.

From Denver to Pittsburgh, here's a look at the top 10 housing markets where homeowners are taking advantage of home improvement loans.

Despite recent industry consolidation, demand from seasonal homebuyers spurred hiring among nonbank mortgage companies for the second consecutive month in May.

To attract new customers, banks are getting rid of the paper-based payments process between builders and subcontractors.

The U.S. Department of Agriculture's Rural Housing Service is piloting a new construction-to-permanent loan program after a previous venture in 2016 to spur construction lending in rural areas failed to attract many participants.

Though multifamily housing starts are projected to slightly moderate this year and next, production levels are expected to remain in a steady range considered normal, according to the National Association of Home Builders.

Built Technologies successfully completed a capital raise, enabling the three-year company to expand its software offerings for both commercial and residential construction lenders.