4Q 2017 home loans down 20 percent from 3Q and 19 percent year-on-year

According to ATTOM Data Solutions, the number of residential property loans made in 4Q 2017 was down 20 percent from the previous quarter as well as down 19 percent from a year ago.  However, construction loans were up 12 percent from the third quarter and up 33 percent year-on-year, indicating more robust remodeling activity as well as rebuilding efforts after last year’s hurricanes.

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Loan Officer Survey: Weaker demand for commercial loans, stronger demand for mortgages

On balance, demand for commercial and industrial loans weakened over the second quarter of 2017 while banks left their standards on C&I loans basically unchanged. Survey respondents also reported that standards on commercial real estate (CRE) loans tightened while demand weakened on net.

For loans to households, banks reported that lending standards on all categories of residential real estate (RRE) loans eased or remained unchanged, although the net share of banks reporting easing was, at most, moderate in each category.

Banks also reported, on net, that demand for most categories of RRE loans strengthened over the second quarter, although, again, the net share was never more than moderate.

In addition, modest net fractions of banks reported tightening standards and weaker demand for auto and credit card loans.

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