Soft Housing Market, Low Mortgage Lending Levels Impact Ready Mix Industry

Mortgage lending has declined to the lowest level in 14 years, discouraging news for a sustained economic recovery and the ready mixed concrete business, notes NRMCA President Robert Garbini. He cited an April 25 article in USA Today that detailed how "softness in the housing market could complicate the Federal Reserve's efforts to withdraw its easy-money support for the recovery."