new home purchases

New home sales finish 2017 at highest level in a decade

More new homes sold last year than in any year since 2007

January 25, 2018

Earlier this week, a report from the National Association of Realtors showed that 2017 was the best year for existing home sales since 2006. As it turns out, existing homes weren’t the only ones selling at a record level last year.

New home sales rise again, but questions still remain about housing market’s health

October sales up nearly 19% over last year

November 27, 2017

Ben Lane

In a sign that there’s still room to grow for the housing market, new home sales climbed significantly over last year’s totals for the second month in a row. But as several analysts noted, the news isn’t as ideal as it appears.

New home purchases surge again thanks to low rates, mild weather

Kicks off spring

March 10, 2016

Brena Swanson

February was another strong month for new home purchases, the latest Mortgage Bankers Association report states. The boost is attributed to continued low interest rates and fairly mild weather.

MBA: New home purchases fall 6% in November

Highest November reading since 2012

December 10, 2015

Brena Swanson

Despite posting a 6% decline, mortgage applications for new home purchases still came in better than expected considering the time of year. In fact, this is the highest November reading since the index began in 2012.

MBA: New home purchases drop in October

TRID partially to blame for decline

November 13, 2015

Brena Swanson

Turns out the impact of TRID runs deeper than just a volatile month for mortgage applications. A new report from the Mortgage Bankers Association shows that mortgage applications for new home purchases fell by 8% relative to the previous month, partially due to TRID going into effect during the month.

MBA: Applications for new home purchases dropped in July

Decline tracks with drop in purchase apps on rate worries

August 13, 2015

Trey Garrison

Mortgage applications for new home purchases decreased by 4% in July relative to the previous month, as spring increases in rates may have dissuaded some buyers. Worrying or expected?

New home purchase applications climbed 1% in June

Average loan size grows to $321,678

July 16, 2015

Trey Garrison

The Mortgage Bankers Association Builder Application Survey data for June 2015 shows mortgage applications for new home purchases increased by 1% relative to the previous month.

MBA: New home purchase applications slip back down

Drops 9% in May

June 11, 2015

Brena Swanson

Although mortgage applications to homebuilders declined in May following an improved start to the year, it’s not a bad mark for housing. Lynn Fisher, MBA’s vice president of Research and Economics, explains why.

MBA: New home purchases jump 29%

Low interest rates drive sales higher

February 12, 2015

Brena Swanson

Mortgage applications for new home purchases jumped by 29% compared to the previous month, driven by the improving labor market and low interest rates.