Purchase applications for new homes pick up despite declining sales
Year-over-year increase is a sign of growing demand for newly built homes, says MBA
Source: mpamag.com
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New-home lending increases for third straight month
The Mortgage Bankers Association sees the likelihood of a rise in sales activity later this year based on recent construction trends, in a turnaround from the 2022 market.
Source: nationalmortgagenews.com
Home price growth slows but demand remains strong
Fannie Mae researchers found housing costs decelerating for the fourth straight quarter, but limited inventory may be driving hopeful buyers to look for opportunities in the new-construction market.
Source: nationalmortgagenews.com
Newly built homes too pricey for most Americans: report
Less than one-third of households would be able to afford 2022's median-priced new home, according to the National Association of Homebuilders.
Source: nationalmortgagenews.com
New home mortgage apps break slump, rise on sliding rates
Single-family property sales ran at a seasonally adjusted annual rate of 725,000 units last month, a 13.1% increase from December.
Source: nationalmortgagenews.com