The Mortgage Bankers Association (MBA)’s Builder Application Survey data for June 2025 revealed that mortgage applications for new-home purchases increased 8.5% compared to a year ago.

Compared to the previous month, applications decreased by 4%, which does not include any adjustment for typical seasonal patterns.

“Applications to purchase new homes fell in June, consistent with typical seasonal patterns, but remained ahead of last year’s pace,” Joel Kan, MBA’s vice president and deputy chief economist, said in a statement.

“A cloudier economic outlook and elevated mortgage rates continue to weigh on potential buyers, while growing inventory, builder incentives and details ⇒

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