The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for March 2022 shows mortgage applications for new home purchases decreased 5% compared from a year ago. Compared to February 2022, applications increased by 10%. This change does not include any adjustment for typical seasonal patterns.
“Mortgage applications for new home purchases increased in March, which is consistent with typical seasonal trends and a sign of strong underlying demand for housing,” says Joel Kan,