By Jann Swanson | Mortgage News Daily
Applications for mortgages with which to purchase new homes in September were essential unchanged in volume from August the Mortgage Bankers Association (MBA) said on Thursday. The information, from the MBA, Builder Application Survey (BAS), was extrapolated to indicate that new single-family home sales were running at a seasonally adjusted annual rate of 425,000 units in September. This was up 0.2 percent from the August estimate of 424,000 units.
Unadjusted data from the survey showed a much larger shift and in the opposite direction. MBA estimated a total of 32,000 new homes sold during the month which was 5.9 percent below the estimate of 34,000 new homes sold in August.
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