While there was a shortage of single-family homes for sale due to underbuilding since the Great Recession, home builders increased production to meet the surge in demand that began 2020-2021, when mortgage rates were at historic lows.
Tag: single-family home sales
January New Home Purchase Mortgage Applications Increased 2%, MBA Reports
The Mortgage Bankers Association’s Builder Application Survey for January 2026 shows mortgage applications for new home purchases increased 2% from a year ago. Compared to December 2025, applications increased by 19%.
Chart of the Week: New Single-Family Home Sales
MBA’s estimate of new home sales, based on a larger sample than the one used by the Census Bureau, suggests that the increase in new home sales was smaller in August than Census calculated.
August New Home Purchase Mortgage Applications Increase 1.0%
MBA’s Builder Application Survey for August 2025 shows mortgage applications for new home purchases increased 1.0% compared to a year ago.