In the pre-crisis construction boom, circa the first quarter of 2008, banks held $631 billion in construction loans; in the fourth quarter of 2018 that number was $349 billion; this is up from a low of around $200 billion in the fourth quarter of 2012; helping this recovery are fintech providers who are bringing more data into lending decisions and structuring this data for the first time; Built Technologies, BankLabs and Fiserv have all developed a suite of software tool for construction lending with a number of banks using these tools to originate more. Source.
