(Source: Reuters)

The National Association of Home Builders, which runs the International Builders’ Show held here this week, is using it to connect its members to alternative funding sources beyond banks, the builders’ traditional backers.

Convinced that builders can no longer rely solely on banks, so badly burned were they by the housing downturn, the NAHB has made its “Partnership Pavilion” a major focus of the show. By Thursday, the pavilion will have hosted about 200 meetings between cash-strapped builders and deep-pocketed lenders, including Bank of America (BAC.N) and Royal Bank of Canada (RY.TO).

Read the full article, “At trade show, U.S. homebuilders hope to find financing” at Reuters (Jan 21, 2010).

Developments featured in this article

More Like This

Facebook Chatter