Sunday, 7 August 2022 | The Latest Buzz for the Appraisal Industry

MBA Reports 12 Percent Decrease in New Home Mortgage Applications in June

The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for June 2022 shows mortgage applications for new home purchases decreased 12% compared from a year ago. Compared to May 2022, applications decreased by 10%. This change does not include any adjustment for typical seasonal patterns.

MBA’s monthly estimate of new single-family home sales, which has consistently been a leading indicator of the U.S. Census Bureau’s New Residential Sales report, is that new single-family

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