The WPJ

Baton Rouge

Falling U.S. Mortgage Rates Boost New Home Sales in December

According to new data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, sales of newly built, single-family homes in December 2023 in the U.S. increased 8.0% to a 664,000 seasonally adjusted annual rate from an upwardly revised reading in November 2023.

Record 89 Percent of U.S. Construction Industry Was Not in a Union in 2023

Based on the Associated Builders and Contractors analysis of the U.S. Bureau of Labor Statistics' 2023 Union Members Summary, a historic low of 10.7% of the construction industry belongs to a union in 2023, a decline from 11.7% in 2022.

U.S. Delinquency Rates for Commercial Properties Increased 6 Percent in Q4 of 2023

Based on the Mortgage Bankers Association's latest commercial real estate finance (CREF) Loan Performance Survey, U.S. delinquency rates for mortgages backed by commercial properties increased during the fourth quarter of 2023.

U.S. Foreclosure Activity Increased 10 Percent in 2023

Based on ATTOM's Year-End 2023 U.S. Foreclosure Market Report, U.S. foreclosure filings were reported on 357,062 U.S. properties in 2023, up 10 percent from 2022 and up 136 percent from 2021 but down 28 percent from 2019, before the pandemic shook up the market.

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