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Mortgage Bankers Association Predicts Sharp Increase in New home sales feb 13 2018, 1:32PM The Mortgage Bankers Association (MBA) is forecasting a sizable jump in new home sales in January.
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The MBA estimates new single-family home sales were running at a seasonally adjusted annual rate of 700,000 units in January 2018, based on data from the BAS. The new home sales estimate is derived using mortgage application information from the BAS, as well as assumptions regarding market coverage and other factors.
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The share of new buyers fell last year to its lowest level since 1987, according to the group. About 5.2 million renters say they expect to purchase a house in. the year as higher mortgage rates.
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The MBA estimates new single-family home sales were running at a seasonally adjusted annual rate of 682,000 units in March 2018, based on data from the BAS. The new home sales estimate is derived using mortgage application information from the BAS, as well as assumptions regarding market coverage and other factors.