New home purchase applications fell in June but remain ahead of last year. Factors such as economic uncertainty and high mortgage rates affect potential buyers. Increased inventory, builder incentives, and reduced prices have attracted some buyers back to the market. The sales pace for new homes is estimated at 667,000 units, a 5.7% increase from May. Unadjusted sales reached 55,000, reflecting a 5.2% decline from the previous month. Loan types included conventional (50%), FHA (35.1%), USDA (1.2%), and VA (13.8%). Average loan size decreased from May.
Applications to purchase new homes fell in June, consistent with typical seasonal patterns, but remained ahead of last year's pace, according to Joel Kan, MBA's vice president and deputy chief economist.
MBA estimates that new single-family home sales were running at a seasonally adjusted annual rate of 667,000 units in June 2025, which has historically been a reliable leading indicator of the U.S. Census Bureau's New Residential Sales report.
The seasonally adjusted estimate for June is an increase of 5.7% from the pace of 631,000 units in May, indicating a positive trend in new home sales.
On an unadjusted basis, MBA estimates that there were 55,000 new-home sales in June 2025, a decrease of 5.2% from the 58,000 sales in May.
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