New House Purchasing Mortgage Forward continued to grow in July
“Purchasing activity for new houses was strengthened in July as both mortgage applications and estimated new home sales reached their highest level since April 2025,” said Joel Kan, vice -president of MBA and deputy chief economist.
“Applications were stimulated by borrowers who wanted to benefit from slightly lower mortgage interest during the month and higher levels of newly built inventory. This probably helped to improve affordability, because many builders still offer concessions to buyers. Moreover, the average borrow size remained lower trend.”
MBA estimates that new single -family home sale was carried out at a seasonal percentage of 685,000 units in July 2025. This estimate has traditionally been a reliable leading indicator of the US Census BureauThe new residential sales report, according to the Trade Group.
The estimate of the new home sale is derived with the help of information about mortgage applications from the Builder Application Survey, as well as assumptions with regard to market coverage and other factors.
The seasonal estimated for July is an increase of 2.7% compared to the pace of June of 667,000 units.
On a non-corrected basis, MBA estimates that there was 58,000 New-home turnover in July 2025, an increase of 5.5% compared to 55,000 New-Home turnover in June.
Conventional loans were 50.1% of the loan applications per product type. Federal Housing Administration (FHA) Loans accounted for 35.3 %%. US Department of Veterans Affairs (Of) loans existing 13.4%, and US Department of Agriculture (USDA) Loans were 1.2%. The average loan size for new houses fell from $ 376,077 in June to $ 372,745 in July.
