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New Home Sales Defy Holiday Lull, Rising in December

(Mortgage News Daily) - 7 months ago
 Posted To: MND NewsWireDespite the usual holiday lull in overall mortgage applications, the demand for newly constructed homes increased in December. The Mortgage Bankers Association (MBA) said its Builder Applications Survey (BAS) found those applications were up 18 percent from November. The change does not include any adjustment for typical seasonal patterns. The applications were 7.8 percent higher than in December 2016. Based on data from the BAS, conducted among mortgage subsidiaries of ne...
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