The Mortgage Bankers Association Builder Application Survey (BAS) data for July 2023 shows mortgage applications for new home purchases increased 35.5% compared from a year ago. Compared to June 2023, applications increased by 0.2%. This change does not include any adjustment for typical seasonal patterns.

Mortgage applications decreased 0.8 percent from one week earlier, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending August 11, 2023.

A warmer-than-normal housing market now shows signs of a typical late-summer seasonal cooldown, the latest Zillow market report said.