New home purchase apps rebounded in August

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New Home Sales Sales of new singlefamily houses in May 2019 were at a seasonally adjusted annual rate of 626,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.

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August New home purchase mortgage applications Increased 6.8 Percent Year over Year. The average loan size of new homes increased from $329,483 in July to $334,940 in August. MBA estimates new single-family home sales were running at a seasonally adjusted annual rate of 655,000 units in August 2017, based on data from the BAS.

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Continuing demand supports increase in new-home purchase apps.. "Mortgage applications for new homes rebounded a bit in August, as lower-than-expected interest rates and growth in existing home.

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