U.S. banks increased lending for commercial real estate and apartment buildings for the first time in nearly two years in the fourth quarter of 2011, another sign of confidence in the improving U.S. economy.
Banks expanded their loans for apartment buildings and commercial real by $5 billion in the fourth quarter, with the bigger, healthier banks leading the way, according to a report released on Wednesday by Chandan Economics, which tracks real estate bank lending. It was the first expansion of commercial real estate loans since the first quarter 2010, the report said.
The report is the result of mining data from the Federal Deposit Insurance Corp, which on Tuesday said bank loan balances overall rose $130.1 billion, or 1.8 percent, in the fourth quarter from the third.
Read more...U.S. banks step up commercial property lending | Reuters
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