US Housing

Hurricane Florence and mortgage delinquencies

US Housing Market Update
Written by Capital Economics Economist

Experience from Hurricanes Harvey and Irma last year suggests the share of delinquent mortgages in the Carolinas, Virginia and Georgia will rise following Hurricane Florence. However, with the negative equity share in all four states close to or below the national average, the jump in delinquencies should be towards the lower end of past experience and is likely to prove short-lived.