The Mortgage Bankers Association’s (MBA) survey of builders shows mortgage applications for new home purchases remained unchanged in September relative to the previous month.

The MBA estimates new single-family home sales were running at a seasonally adjusted annual rate of 425,000 units in September 2014, based on data from the survey. MBA’s seasonally adjusted estimate for September is an increase of 0.2 percent from the August estimate of 424,000 units. On an unadjusted basis, the MBA estimates that there were 32,000 new home sales in September 2014, a decrease of 5.9 percent from 34,000 new home sales in August.

From the applications data, by product type, conventional loans composed 67.6 percent of loan applications, FHA loans composed 16.7 percent, RHS/USDA loans composed 1.2 percent and VA loans composed 14.5 percent. The average loan size of new homes decreased from $300,443 in August to $298,274 in September.