The Mortgage Bankers Association (MBA)’s Builder Application Survey data for July 2025, released on Monday, shows that mortgage applications for new-home purchases increased 6.8% compared from a year ago.

Compared to June 2025, applications increased by 7%. This change does not include any adjustment for typical seasonal patterns.

“Purchase activity for new homes strengthened in July as both mortgage applications and estimated new home sales reached their highest levels since April 2025,” said Joel Kan, MBA’s vice president and deputy chief economist.

“Applications were boosted by borrowers looking to take advantage of slightly lower mortgage rates during the details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com