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MBA Predicts Plunge in New Home Sales; Hurricanes Blamed

(Mortgage News Daily) - 4 months, 1 weeks ago
 Posted To: MND NewsWireThe Mortgage Bankers Association (MBA) is forecasting that a significant decline in new home sales occurred last month. However, like much of the other September housing data that has been released so far, it appears that Hurricanes Harvey and Irma are behind much of the downturn. According to MBA's Builder Applications Survey (BAS), mortgage applications for the purchase of newly constructed homes were down 7.5 percent on a non-seasonally adjusted basis in September ...
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New Home Sales - A Blowout! - (Mortgage News Daily)

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