全美住宅建筑商协会：建筑商信贷连续第19个季度收紧，投机建房贷款实际利率11.83%
全美住宅建筑商协会11月13日公布的季度调查说，住宅土地购置、开发与建设贷款的信贷条件在2026年第三季度连续第19个季度收紧。
协会的净宽松指数第三季度为负15.3，贷款机构一侧的读数是负15.5，两个口径给出的答案一致。调查涵盖的是建筑商用于买地、开发地块和建房的短期信贷。
利率方面，一笔投机性单户住宅建设贷款的合同利率为7.72%，计入初始费用点数后，实际利率达11.83%，与第二季度的11.82%基本持平。
调查还显示，第三季度建造单户住宅的建筑商中，有32%至少为部分房屋使用了由购房者办理的建设转永久贷款，这类贷款平均覆盖这些建筑商所建房屋的58%。协会的这份土地购置、开发与建设融资调查按季度发布。
NAHB: Builder Credit Tightened for a 19th Straight Quarter, Spec Loans at 11.83% Effective Rate
Credit conditions on residential land acquisition, development and construction loans tightened for a 19th straight quarter in the third quarter of 2026, according to the National Association of Home Builders' quarterly survey published on November 13.
The association's net easing index posted a third-quarter reading of -15.3, while lenders reported -15.5, with the two surveys giving the same answer. The loans covered are the short-term credit builders use to buy land, develop lots and build houses.
A speculative single-family construction loan carried a 7.72% contract rate but an 11.83% effective rate once initial points are counted, essentially unchanged from 11.82% in the second quarter.
The survey also found that 32% of builders who built single-family homes in the quarter financed some of them with a construction-to-permanent loan made to the home buyer, covering 58% of those builders' homes on average. The association publishes its AD&C financing survey quarterly.
来源：全美住宅建筑商协会
发布：GSM·美国（发布链接）
图片来源：图：正在建造中的新住宅工地。来源：John Shea，Wikimedia Commons，公共领域。 / Photo: A new home under construction. Source: John Shea, Wikimedia Commons, public domain.
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