Aggregate construction loans at U.S. banks and thrifts climbed to a new post-crisis high of $357.15 billion in the second quarter, up from $353.65 billion in the previous quarter, but still below the pre-crisis peak of $631.36 billion, which was reached in the first quarter of 2008.
Residential construction loans dropped 0.6% quarter over quarter to $79.69 billion, while nonresidential construction loans grew 1.5% to $277.45 billion.

Delinquent construction loans rose 5.8% year over year to $2.92 billion, representing an 0.8% drop from the first quarter.

Total construction loans at Wells Fargo & Co., the largest construction lender among U.S. banks and thrifts by a wide margin, fell 4.3% quarter over quarter to $19.59 billion at the end of June. Wells Fargo’s residential construction loans dipped 8.4% quarter over quarter, while its nonresidential loans fell by 3.8%.

