Mortgage applications for new construction homes ticked up in July
Housing Wire
AUGUST 15, 2023
With strong demand and limited options for existing homes, many homebuyers are turning to new construction. Mortgage applications for new construction home purchases increased 35.5% On an unadjusted basis, MBA estimates that there were 56,000 new home sales in July 2023, a decrease of 6.7% of loan applications.
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