Mortgage applications for new homes are 9% higher than a year ago
MBA builder application survey data for December highlighted 9% year-over-year growth in loan applications for new homes.
Homebuilders
Auto Added by WPeMatico
Rising mortgage rates zap builder confidence
The recent rise in mortgage rates, approaching 7.25%, has negatively affected builder sentiment. They need rates in the 6-6.5% range to grow.
The homebuilders’ 2025 supply and demand problem
New home sales grew in the latest Census report, but homebuilders are now facing a supply issue — their inventory is building up.