Purchase mortgage applications for newly constructed homes rose 2% year-over-year and 19% month-over-month in January. Single-family housing starts increased 4.1% from November to December but were 9% lower than the previous year. Full-year 2025 single-family construction slowed, with starts down 6.9% and permits down 7.4%. New-home sales rebounded 3.6% seasonally adjusted in January. Average loan size reached $385,506, with conventional loans making up 49% of applications.