Lower Priced Homes Driving New Home Sales

Home / Blog / Lower Priced Homes Driving New Home Sales

Posted To: MND NewsWire

While applications for financing new home purchases declined in August, the Mortgage Bankers Association (MBA) is predicting a bump in the month's new home sales. The MBA's Builder Applications Survey (BAS) data for August show mortgage applications for new home purchases decreased 2.0 percent from applications in July and were down 4.6 percent compared to August 2017. This change does not include any adjustment for typical seasonal patterns. Based on the information from the BAS as well as assumptions regarding market coverage and other factors, MBA estimates new single-family home sales were running at a seasonally adjusted annual rate of 669,000 units during the month. This is a 5.0 percent improvement over the July pace of 637,000. The MBA estimates that 53,000 new homes sold during the...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.



Source: http://www.mortgagen...

feeddc4c 864a 43f4 b380 898955b7dd3c e154dc88 d44e 4346 8496 d147a8d4776e 3c0b131b 4e69 4aaa ac8d fcfd03d682a6 5912466d c715 44ee bac6 0de8e6c1fee0 c23537c7 915d 49d7 b60e 6c11ae319b5d 24f7c002 50c7 496c 8450 3a2130b2f159 3ea525b1 6a0a 4a97 be2e 69e4a4d62fc1 5f705096 205b 4616 8838 df6eaa8cdc80 7175db03 49db 4aae a0ef ea06aef8c5e2 6d29da0f 2507 4520 a02d 0c7d14975178 bcf8badf bc13 4dce b212 5ddea3a5dea7 269a2a40 749d 499e 8d32 c095b6bbbf6e 4f75ca01 9240 437e 8e9f d19eb8a94273 a1856691 2c2c 40c0 8714 4f534f415eb6 8303c48b 559f 4091 99f4 8276bc1c5eec 8892f61c dfc9 4ec0 85b4 3d86f3da8779 f3781c54 9f57 4677 b405 4d9c3afd435f e3892fe3 e288 4ef6 b210 5fa85bc0421b 50c68248 8552 457d bfc2 8c758320925d 7a08726e 80ab 4b11 9703 8d34534a384c bd966090 7b7b 4264 9095 92deb5a4721a 0f38cc46 9f1b 4efe ab05 a8a01e74a407 6931ee1c 39e1 4554 a8e8 7768e124bb1a