The Mortgage Bankers Association (MBA) estimates that applications for the
purchase of newly built homes rose only 0.2 percent from November to December,
however, those applications were up 42.2 percent compared to December 2019. The
information comes from MBA’s monthly Builder Application Survey (BAS) and was
not adjusted for typical seasonal patterns. Based on those mortgage applications and assumptions regarding market
coverage and other factors, MBA estimates new single-family home sales were
running at a seasonally adjusted annual rate of 876,000 units in December 2020.
This is an increase of 5.9 percent from the November pace of 827,000
units. On an unadjusted basis, there were an estimated 59,000 new home sold
during the month, unchanged from the same level in November.