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New-Home Sales Estimate Hits Lowest Pace Since April 2020 as Applications Fall 8.3%

New-Home Sales Estimate Hits Lowest Pace Since April 2020 as Applications Fall 8.3%

by John G. Stevens | Oct 15, 2026 | Mortgage Information, Real Estate News

Mortgage applications to buy newly built homes fell 8.3% from a year earlier in September, and the Mortgage Bankers Association estimated new-home sales dropped to their slowest annualized pace since April 2020 as higher borrowing costs chilled demand. The MBA’s...
MBA: Slower Pace on Applications for New Home Purchase Applications

MBA: Slower Pace on Applications for New Home Purchase Applications

by Phil Hall | Jul 19, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage applications for new home purchases in June inched up 0.7% year-over-year but dropped by 16% month-over-month, according to new data from the Mortgage Bankers Association (MBA). MBA estimated new single-family home sales were running at a seasonally adjusted...
Year-Over-Year Applications for New Home Purchases Up for Fifth Straight Month

Year-Over-Year Applications for New Home Purchases Up for Fifth Straight Month

by Phil Hall | Jul 21, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage applications for new home purchases increased 26.1% year-over-year in June, according to the latest Mortgage Bankers Association (MBA) Builder Application Survey. Compared to May, applications were down by 5%. MBA estimated new single-family home sales were...

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