The Mortgage Bankers Association Builder Application Survey data for August 2024 shows mortgage applications for new home purchases increased 4.4% compared to a year ago.

The Mortgage Bankers Association and other groups sent a letter to Assistant Secretary for Housing and Federal Housing Commissioner Julia Gordon, to serve as comments on the Draft Mortgagee Letter on Modernization of Engagement of Borrowers in Default.

Construction Coverage, San Diego, released a study finding that millennials accounted for the largest share of home purchases in the Northeast. Topping the list was Massachusetts, where they accounted for 64.2% of home purchase loans in 2023.