Mortgage applications for new construction climbed in August
Housing Wire
SEPTEMBER 14, 2023
Demand for newly constructed homes continues to remain high as existing for-sale inventory remains historically low. Mortgage applications for new home purchases increased 20.6% On an unadjusted basis, MBA estimates that there were 59,000 new home sales in August 2023, an increase of 5.4% from 56,000 new home sales in July.
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