The Mortgage Bankers Association’s Builder Application Survey for August 2025 shows mortgage applications for new home purchases increased 1.0% compared to a year ago. Compared to July 2025, applications decreased by 6%.

Cotality, Irvine, Calif., released its Homeowner Equity Report for Q2, reporting that the average U.S. homeowner lost approximately $9,200 in equity over the past year.

Merchants Capital, Carmel, Ind., has secured $25.2 million in financing as part of the recapitalization and rehabilitation of Manhattan’s Westbeth Artists Housing, a 384-unit mixed-use affordable artist housing development.