Sand & Gravel loan defaults: Sand & Grime Construction Sand & Gold loan default report

Sand & Gravel loan defaults: Sand & Grime Construction Sand & Gold loan default report

The U.S. Department of Housing and Urban Development (HUD) reported on Monday that construction loan defaults had increased to $1.9 billion for construction projects with construction sand and gravel as a principal component.The DHS reported that this increase was primarily due to construction loan issuances by lenders.The department reported that $1,717.5 million of these defaults…