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MBA Says New Home Sales Fell in December

Thursday, January 21, 2016

New home sales, according to an unofficial estimate from the Mortgage Bankers Association (MBA) declined by 5 percent in December compared to the previous month. Based on mortgage application data gathered through its monthly Builder Application Survey (BAS) MBA said sales were higher than in the previous December by 17 percent. Those estimates are not adjusted to account for seasonal variations.

MBA Vice President of Research and Economics Lynn Fisher said that the survey, conducted among mortgage subsidiaries of home builders across the country, showed mixed results, with some lenders seeing steady or slightly increasing applications levels while others saw declines.

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