The first quarter of 2012 has been great for construction lending in Utah and Idaho. We are seeing increases in residential construction, larger loan amounts and a better outlook about the future than we have for quite some time.
One important difference that we noticed is that today’s home owners are more than ever insisting in the best value proposition. People are weighting the options and choosing more efficient home designs, more affordable building methods and materials.
In this landscape CCS Loans is doing quite well. Our impressive construction loans have been the source of financing for many of the new homes in our footprint. It is nice to have our neighbors trust us as the source of capital for their construction projects.