Monitor US Mortgage Delinquencies to gauge housing market health, linked to home construction starts.
While it is often considered a lagging indicator, the rate of delinquencies can provide valuable insights into the housing market's status due to its correlation with home inventories. A decrease in inventories may encourage homebuilders to initiate new construction projects. The Mortgage Bankers Association (MBA) accounts for approximately 80% of all active mortgages. The release schedule for this data is not consistently reliable; thus, it will be marked with a date range or noted as 'Tentative' until the information becomes available.
What it Measures
This metric measures the percentage of mortgages represented by the MBA that were at least one payment overdue in the previous quarter.
Usual Effect
When the 'Actual' figure is lower than the 'Forecast', it tends to have a positive impact on the currency.
Source & Frequency
MBA (latest release) - https://www.mba.org/ • This data is released quarterly, typically around 40 days following the end of the quarter.
How Data is Derived
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Also Known As
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Acronym
Mortgage Bankers Association (MBA)