Tim Rood wrote an interesting post today on
Here’s a quick excerpt
Approximately
43,000 newly constructed homes were purchased in July, the Mortgage
Bankers Association (MBA) said today. MBA based its estimate on
mortgage applications for new homes filed with mortgage subsidiaries
of home builders across the country and gathered through its monthly
Builder Application Survey (BAS) Figures are not seasonally
adjusted.
Conventional
loans comprised 66.5 percent of the applications and FHA loans 17.7
percent. There were also a significant number of applications for
Veterans Administration (VA) loans (14.5 percent). Less than 2
percent of applications were for Rural Housing Service/USDA loans.
…(read more)
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Read the rest of this great post here