Tag Archives: Builder Application Survey (BAS)

Along with a strain in purchase activity, the MBA's estimate of new home sales fell in January to its slowest annual pace since July 2021.

The MBA estimates new single-family home sales will continue running at a seasonally adjusted annual rate of 887,000 units in December 2021.

Still hampered by supply-chain concerns, home builders slowed their pace in October, as buyers absorbed a 12.3% annual increase in construction costs.

June home sales suffered for the third straight month, due to a rise in regulatory costs, high-priced materials, and a lack of labor.

Continued elevated demand and the high cost of building materials are impacting mortgage applications for new homes for the second consecutive month.