By the Numbers – New Home Sales

The demand for newly constructed homes increased in December 2017. The Mortgage Bankers Association (MBA) said its Builder Applications Survey (BAS) found those applications were up from November.

18% – Builder applications up from November

7.8% – December 2017 applications higher than December 2016

7.1% – Average 2017 applications up from 2016 average

December 2017 loan applications:

72.5% – Conventional loans

15.1% – FHA loans

10.1% – VA loans

2.3% – RHS/USDA loans