Demand rose in January for new home purchases: MBA
Mortgage applications for new homes surged in January as a lack of existing homes continued to fuel the demand for new construction.
Source: housingwire.com
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Mortgage applications for new homes surged in January as a lack of existing homes continued to fuel the demand for new construction.
Mortgage demand for new homes jumped nearly 40% in October YoY as the inventory for existing homes remained depleted.
Number of single-family home sales also rises
It exceeds analysts' expectations despite headwinds in mortgage banking