Mortgage Demand for New Homes Evaporates in May

Scotsman Guide, June 17, 2025-Luke BaynesThe market for newly built homes cooled again in May following April’s thaw, the Mortgage Bankers Association revealed Tuesday.Click here for more

May New Home Purchase Mortgage Applications Decreased 4.5%

The Mortgage Bankers Association’s Builder Application Survey for May 2025 shows mortgage applications for new home purchases decreased 4.5% compared to a year ago. Compared to April 2025, applications decreased by 9%.