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The Mortgage Bankers Association (MBA) estimates purchase applications for new homes nudged up 2 percent compared to June. The increase does not account for any typical seasonal patterns. Factoring in seasonal adjustments, MBA says July single-family new home sales ran at an annual rate of 433,000 homes, up from 386,000 in June, representing a 12.2 percent rise.
Read More »Early Indicators Suggest Uptick in New Home Sales
