Mortgage applications for new home purchases fell 2.4% in April 2026 compared to a year earlier, the first annual decline since October 2025, according to the Mortgage Bankers Association’s Builder Application Survey released this week.

Applications also dropped 10% from March 2026 on an unadjusted basis, MBA reported. The monthly numbers are not adjusted for typical seasonal patterns.

“Ongoing economic uncertainty and higher mortgage rates contributed to lower purchase activity for newly built homes in April,” Joel Kan, MBA’s vice president and deputy chief economist, said in the release. “Applications to purchase new homes fell below last year’s pace, the details ⇒

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