Guest Podcast with the ABA:

How Lenders Can Safely Navigate Rising Material Costs

New Single Family Construction Lending

In this episode:

  • Shannon Faries, Director of Strategic Partnerships, Land Gorilla

  • Sharon Whitaker, Vice President, Commercial Real Estate & Finance

A 180% increase in lumber prices has raised the average cost of building a new single family home. This significant increase in building materials costs impacts the delicate nature of the housing sector with implications to homebuilders and homeowners. But there are best practices for construction lenders to proactively navigate markets with rising material costs. Here are the top three.