A new report released August 9, 2023, by the Insurance Institute of Business and Home Safety (IBHS) and CoreLogic found modern building codes decreased the expected spike in post-hurricane mortgage delinquency rates by about 50 percent. Borrowers in homes built to modern building codes – which emerged in 2002 – were least likely to experience mortgage delinquency following a hurricane when all other factors were equal.

Read IBHS Press Release