new home purchases – PROGRESS in Lending

July New Home Purchase Mortgage Apps Decreased 27.4 Percent

August 17, 2021 PROGRESS In Lending MBA, new home purchases

The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for July 2021 shows mortgage applications for new home purchases decreased 27.4 percent compared from a year ago. Compared to June 2021, applications decreased by 4 percent. This change does not include any adjustment for typical seasonal patterns.