10. Richmond, Va.
The Richmond, Va. MSA saw a 10 percent increase in the number of residential and commercial construction loans over the past 12 months. RealtyTrac found that there were 351 new construction loans originated in the market in the trailing 12-month period leading to the end of the first quarter.
9. San Francisco-Oakland-Fremont, Calif.
The number of construction loans in the San Francisco—Oakland—Fremont area of California has shot up 12 percent over the 12-month period, to 1,346 from 1, 201.
8. Miami-Fort Lauderdale-Pompano Beach
Miami—Fort Lauderdale—Pompano Beach, Fla. experienced a 16 percent increase in the number of residential/commercial construction loan originations. During the 12 months leading to March 31, there were 3,016 new construction loans originated in this MSA.
7. Rochester, N.Y.
Construction loan originations also went up by 16 percent in Rochester, N.Y., with 601 loans new loans reported during the trailing 12-month period.
6. Atlanta-Sandy Springs-Marietta, Ga.
The Southeast real estate market has been on the ascent recently, and that is reflected in the 20 percent increase in construction loans in the Atlanta—Sandy Springs—Marietta, Ga. area, according to RealtyTrac’s estimates. This MSA saw an astounding 12,277 new loans originated over the 12-month period ending with the first quarter, far more than any other area on this list.
5. Buffalo-Niagara Falls, N.Y.
There has been a substantial increase in construction loans originated for residential and commercial projects in the Buffalo—Niagara Falls, N.Y. area, at 23 percent. The MSA saw the number of new construction loans jump from 228 to 280.
4. Louisville-Jefferson County, Ky.-Ind.
Louisville, Ky. and Jefferson County, Ind. saw a 25 percent increase in the number of new construction loans over the trailing 12-month period, to 1,036.
3. Los Angeles-Long Beach-Santa Ana, Calif.
There has been a 27 percent jump in construction loan originations in the Los Angeles—Long Beach—Santa Ana, Calif. MSA, to 3,375 from 2,656.
2. Orlando-Kissimmee, Fla.
The Orlando—Kissimmee, Fla. area seems to be popular with both developers and lenders once again, posting a whopping 42 percent increase in new construction loans over the 12-month ending March 31, to 1,086.
1. Cincinnati-Middletown, Ohio-Ky.-Ind.
The MSA that experienced the greatest increase in new construction loans over the trailing 12-month period was Cincinnati—Middletown, Ohio, Ky., Inc., at 65 percent. There were 622 new construction loans originated in the area.
