Thursday, March 28, 2024 | The Latest Buzz for the Appraisal Industry

MBA: Annual Pace of New Home Sales Down 20 Percent Since October 2020

The Mortgage Bankers Association’s (MBA) Builder Application Survey (BAS) data for May 2021 shows that applications for new home purchases decreased 5.9 percent compared from a year ago.

Compared to April 2021, applications decreased by 9 percent.

“Mortgage applications to purchase a new home decreased in May for the second straight month, while the average loan size, at $384,000, increased for the fourth consecutive month and reached a new survey high,” says Joel Kan,

This post was originally published on this site

Brent Bowen

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