New Home Sales Dip, Still Stronger than Last Year

Home / Blog / New Home Sales Dip, Still Stronger than Last Year

Posted To: MND NewsWire

The Mortgage Bankers Association (MBA) reports a drop in applications for the purchase of newly constructed homes last month. Those applications fell by 3.9 percent compared to August although they remained 8.2 percent higher than they were the previous September. The change does not reflect any seasonal adjustment. The information comes from MBA's Builder Application Survey (BAS) which is conducted among the mortgage subsidiaries of new home builders. Based on the survey data as well as other marketing data, MBA projects that new home sales were running at a seasonally adjusted annual rate of 643,000 units. The seasonally adjusted annual number in August was 669,000. On an unadjusted basis, MBA estimates that there were 50,000 new home sales in September 2018, a decrease of 5.7 percent from...(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...

89a9d363 a1bc 4d29 bd12 b90081bcbc46 a3bc42f0 421e 4c72 90e4 ef3274ed9f41 99726627 c60b 4022 adf6 022c6ff6ad67 e7e72d9d 63c8 4c44 b7ee 4f1d3320f35b dc7d193e 77f2 43fd 9b89 fe657e1e7c15 5d3abc67 68af 4072 bbb7 caa35dcbf81d 1d98d574 10c2 46d3 bd15 cbf2c1fe5b1b 6acb1672 1fab 4503 bab5 404a8ea0715c da27df4f 67de 45fa a056 f7a6b1c13977 35ab01a7 0fd7 4d4c 8170 2a3e37ba1220 71bc3620 a829 448f ab56 5ba5f4af3959 5ec0ebd8 705e 47aa 85cc 5e7025a0dfa1 d4354585 5a08 411a ab27 f1d7c096cf71 1c1a176d ae9e 44b9 ac9d e3fbe38a6673 dbe32d43 df35 400b 8d2e b6c0e7af5d1e ef43abc2 dee1 481d 9b19 042003be001c ba9cb52a a861 43b6 9d79 9b3dffa611a1 7af8ad2a 1fcd 49a9 ad9a 6ab015183094 891a85ae 1bb3 4a3f 8421 5f8ddc6a2ba8 71d6eef6 734f 44ea aff1 4063f3f7f4a5 8f3b60d7 755f 430c a1ed fa67b9e63dc5 5eac08be 188c 445f a838 424fffbbff52 2f4bbc95 5a56 41a1 afe2 36dd1e803f31