Mortgage Bankers Association predicts sharp increase in new- home sales

Builder

Builders might want to brace themselves for some good news. The Mortgage Bankers Association is forecast a large jump in new home sales for January. Here’s the MBA’s Mortgage News Daily:

The Mortgage Bankers Association (MBA) is forecasting a sizable jump in new home sales in January. Based on responses to its Builder Application Survey (BAS), MBA estimates that applications for the purchase of newly constructed homes rose 18.4 percent compared to those during the previous January and were up 34 percent from December. The change is not adjusted to reflect typical seasonal patterns.

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