Mortgage Bankers Association (MBA)

The Biden Administration announced a plan with billions of dollars for new steps to tackle the housing supply crisis.

The national median payment applied for by applicants was down just four dollars to $1,893 in June from $1,897 in May.

MBA says applications decreased nearly 2% from last week, the fourth straight weekly decline.

Economic research team says there’s a 50% chance for a recession

The MBA’s Market Composite Index decreased 6.3% on a seasonally adjusted basis from last week’s data.

Based on data from the Builder Application Survey, new single-family home sales were at a seasonally adjusted annual rate of 620,000 units in June.