The April expansion in revolving credit largely reflects an increase in the amount of revolving credit holdings at depository institutions. In April, depository institutions accounted for 80.4 percent of total revolving credit holdings. Revolving credit increased by $2.6 billion in April on a not seasonally adjusted basis. Depository institutions contributed $4.0 billion in revolving credit holdings and credit unions accounted for an additional $0.1 billion. However, these gains were partially offset by a decline in the holdings of revolving credit by finance companies and pools of securitized assets. The monthly increase in the holdings of revolving credit by depository institutions may indicate that lending activity is beginning to grow.
View this original article on the NAHB Eye on Housing blog.
Continue Reading 1 2
Copyright© 2013 RISMedia, The Leader in Real Estate Information Systems and Real Estate News. All Rights Reserved. This material may not be republished without permission from RISMedia.
Content on this website is copyrighted and may not be redistributed without express written permission from RISMedia. Access to RISMedia archives and thousands of articles like this, as well as consumer real estate videos, are available through RISMedia's REsource Licensed Content Solutions. Offering the industry’s most comprehensive and affordable content packages. Click here to learn more! http://resource.rismedia.com