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January, February Data Point to Strong 2015 New Home Sales

Applications for mortgages to purchase newly constructed
homes jumped significantly in February the Mortgage Bankers Association (MBA) said
today.  Data from MBA’s Builder
Application Survey, which is not seasonally adjusted, was up 12 percent compared
to January numbers.

“An
increase in mortgage applications to builders in February over strong January
numbers bodes well for new home purchases this year,” said Lynn Fisher, MBA’s
Vice President of Research and Economics. “Applications in both January and
February were up on a year over year basis.”

 

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