More Evidence of Housing Strength

Takeaway: The MBA Mortgage Application survey is yet another piece of data that confirms our strong housing thesis.

Here’s why Financial Sector head Josh Steiner is highlighting the MBA Mortgage Application Survey that came out earlier this morning. It’s showing year over year strength, up 20.2%, which he says is important because it was one of the few housing indicators that wasn’t signaling strength – at least before today’s report. Here’s a chart that shows the MBA Survey’s year-on-year growth.

More Evidence of Housing Strength - housing1