Mortgage applications for new homes dipped in September from the previous month but remained higher than last year’s levels, according to the Mortgage Bankers Association (MBA)’s Builder Application Survey released Thursday.

The data offers a snapshot of housing demand at a time when market watchers are seeking clues about new-home sales amid the federal government shutdown and delays in the U.S. Census Bureau’s data releases.

Applications for new homes rose 2% from a year earlier but declined 5% from August, reflecting typical seasonal slowdowns. The figures are not adjusted for seasonal patterns.

“Despite more inventory, builder incentives, and details ⇒

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