Mortgage applications for new home purchases increased 1.0% compared to a year ago. Compared to July 2025, however, applications decreased by 6%. That’s according to the Mortgage Bankers Association (MBA) Builder Application Survey (BAS), which shows data for August 2025.

“Applications to purchase newly constructed homes remained higher than last year, although the monthly pace of applications slowed from July,” said Joel Kan, MBA’s vice president and deputy chief economist. “The bright spot in the August results was that estimated new home sales increased for the third consecutive month to its strongest sales pace in almost a year. details ⇒

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