Homebuilders are not getting a bump from lower mortgage rates
December 13, 2018 at 10:30 AM EST
Mortgage applications to purchase a newly built home dropped 11 percent in November, compared to a year ago, according to the Mortgage Bankers Association. Given the drop, MBA economists predict that sales of newly built homes in November fell 5 percent annually. Those numbers will be reported at the end of December by the U.S. Census.