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New Home Purchase Mortgage Applications Up in August

New Home Purchase Mortgage Applications Up in August

The MBA estimated new single-family home sales were running at a seasonally adjusted annual rate of 655,000 units in August, up 16.5 percent from the July pace of 562,000 units. On an unadjusted basis, the MBA estimates that there were 52,000 new home sales in August, an increase of 6.1 percent from 49,000 new home sales in July.

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