Mortgage Demand for Newly Built Homes Jumped 26.1% in June

HousingWire, July 20, 2023-Sarah Marx (subscription)
Months of high mortgage rates and low existing inventory led to another annual increase in new home purchases in June. Mortgage applications for new home purchases jumped 26.1% in June from the same period last year, according to the Mortgage Bankers Association builder application survey. Compared with the prior month, applications dropped by 5%.
https://www.housingwire.com/articles/mortgage-demand-for-newly-built-homes-jumped-26-1-in-june/