Page 3 - Builder Application News Today

Mortgage applications to buy new homes fell in May from both the previous month and last year as rising mortgage rates dampened demand, the Mortgage Bankers Association said Thursday.  Despite the decline, the MBA raised its estimate for the annual rate of single-family home sales for 2022.

Mortgage applications for new home purchases in March 2022 decreased 5% compared to a year ago, according to the Mortgage Bankers Association Builder Application Survey (BAS) data released today. Interest in new homes is strong as the existing home supply remains tight. Regardless if a home is new or from existing supply, more and more money is needed to pay for it. The MBA says average loan sizes continue to hit record peaks.

The estimated rate of annual sales also dropped in January to its slowest pace since July.

The Mortgage Bankers Association (MBA) is projecting a decline in new home sales for January. Based on data collected from its Builder Application Survey (BAS), it estimates that sales of newly constructed single-family homes were at a seasonally adjusted annual rate of 821,000 units, a decrease of 7.4 percent from the December rate of 887,000 units. On an unadjusted basis there were an estimated 66,000 homes sold during the month, 10 percent more than the 60,000 sales the prior month. The BA...

While new home sales have been performing well over the last few months, the Mortgage Bankers Association (MBA) expects a stumble in December. Its Builder Application Survey (BAS) data for the month shows mortgage applications for new home purchases decreasing 5.0 percent compared to November and by 7.1 percent from December 2020. This change does not include any adjustment for typical seasonal patterns. Based on the BAS and other assumptions such as market coverage, MBA estimates new single-...

December's average balance for a mortgage to purchase a newly constructed property set an all-time high, the Mortgage Bankers Association's Builder Application Survey found.

Next New Home Sales Report Should End Slump -MBA About this Channel MND NewsWire features plain and simple interpretations of industry related data and events written in a manner that maintains the interest of random readers while still catering to the perspective of a housing market professional. Share: May 13 2021, 12:35PM That applications for mortgages to purchase newly constructed homes rose 30.8 percent in April compared to a year ago is not a particularly use...

New Home Purchase Applications Ramping up for Spring About this Channel MND NewsWire features plain and simple interpretations of industry related data and events written in a manner that maintains the interest of random readers while still catering to the perspective of a housing market professional. Share: Apr 15 2021, 11:36AM True to tradition, new home sales appear to have moved higher in March as the calendar closed in on the start of the spring market. The Mo...

Fridays Best Mortgage Rates: January 15 Money.com 1/15/2021 © Money; Getty Images Mortgage-Rate-011 December new home sales were more than 40% higher than in the previous year, as homebuyers took advantage of historically low mortgage rates. Mortgage rates decreased for the second day in a row. Today’s Mortgage Rates The average interest rate on a 30-year fixed-rate mortgage was 3.137% on Thursday — down from 3.168% a day earlier. Mortgage Rate Chart Source: Money | Date: Jan. 14, 2021...

New Home Sales Declined in November as Economic Recovery Slows Dec 16 2020, 9:21AM The Mortgage Bankers Association (MBA) says applications for new home purchases suffered a significant downturn in November but remain well above the level of activity at the same time in 2019. MBAs Builder Application Survey (BAS) shows a 16 percent decline in applications from October to November. This does not include any seasonal adjustment. Applications were up 34.7 compared to N...