While Volume Dropped, New Home Loans Hit a Price Record in May

Asset Securitization Report, June 17, 2021–Paul Centopani
New-home purchase application volume fell for the second consecutive month in May, as soaring prices pushed more potential buyers out of the market and the costs of building materials remained high, the Mortgage Bankers Association reported.
https://asreport.americanbanker.com/news/while-volume-dropped-new-home-mortgages-hit-price-record-in-may