Tagged: New Home Sales

The Mortgage Economic Review is a summary of key economic indicators, data, and events pertinent to mortgage, housing, and finance professionals

Recent data from the MBA finds that new single-family home sales were running at a seasonally adjusted annual rate of 680,000 units in September 2025

Following the same trend as existing home sales, a growing number of new homes are taking longer to sell

But latest new home sales report shows July 2025 sales stayed about flat from June’s upwardly revised rate

Existing homes now cost more than new builds, with a median gap of $18.6K in Q2 2025

Despite a nearly 12% year-over-year drop in sales, builders keep momentum with quick move-ins and buyer incentives

But January new home sales were still up 11% year-over-year

Fannie Mae lowered its 2025 originations forecast by 2.5%, and total home sales forecast by 2.25%, this week.

Consumer confidence is on the rise in November, however, particularly around labor conditions.

Yet, the 15.5% of canceled purchase contracts was the highest cancellation rate in a year, reflecting the razor-thin affordability margins.