Homebuilder sentiment may be rising, but mortgage applications for new homes don’t currently support that hope. Single-family housing starts have not seen strong gains and entry-level, mortgage-dependent homebuyers are clearly struggling with weakening affordability. Mortgage applications for new homes fell 4.3 percent in April 2017 compared to April 2016, according to the Mortgage Bankers Association. That’s the first annual drop this year, the MBA says.
Advertisement
Related Stories
Sales
Sales and Texting? Know the Rules
Texting your sales prospects en masse can be an efficient way to get your message through if you follow these best practices
New-Home Sales
New-Home Sales Steady During February
A small increase in mortgage rates during February led to a flat reading for new-home sales
New-Home Sales
Outdoor Living Features That Help to Sell a Home
Outdoor TVs, matte black finishes, and soapstone countertops are some of the backyard features attracting today's homebuyers