New Home Purchase Apps Rise 4% YoY

Econ & Housing

The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for April 2023 shows mortgage applications for new home purchases increased 4.1% year-over-year, and compared to March 2023’s totals, applications decreased by 11%. “Purchase applications for newly constructed homes declined in April but were up 4% compared to a year ago,” said Joel Kan, MBA’s…

Thanks for reading The LBM Daily.
Join LBM Daily Premium or log in to continue reading.
Login Join Now

Articles You May Like

Limited Time 15% Promo!
Australia’s Accelerating House-Price Recovery Poses Rates Risk
Rising from the Ashes: Mass Timber Helps Resurrect a Fire-Torn Town in Rural California
Widman’s Market Update, May 31, 2023
Lumber Futures – June 5, 2023
Durham startup looks to build homes with robotic arms