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
