News in end use

Mortgage Delinquencies Rate Reaches New High Level

According to the Mortgage Bankers Association’s (MBA) recent National Delinquency Survey the overall delinquency rate for mortgages on one-to-four-unit residential properties soared by nearly 4 percentage points (386 basis points) during the second quarter of 2020, and by June 30 reached 8.22% (seasonally adjusted), the highest in nine years.

Construction Input Prices Rise Again in July

A deeper dive into the recently released Bureau of Labor Statistics (BLS) Producer Price Index (PPI) by the Associated Builders and Contractors (ABC) reveals that construction input prices rose 1.9% in July when compared to those in June.