Whisk applesauce, butter, honey, eggs, and vanilla in medium bowl until well blended; stir in raisins.
Thoroughly mix flour, sugar, baking powder, salt, cinnamon, and nutmeg in a large bowl.
Pour liquid mixture over dry ingredients and fold in just until combined; do not overmix.
Spoon batter into sprayed or greased pan, smoothing it on top.
Bake 50 minutes at 350º.
Test with toothpick.
Cool on rack before slicing.
I sometimes reduce the amount of raisins and add chopped nuts.
This bread is very good when sliced and toasted.
I make my own unsweetened applesauce for this recipe: Warm peeled and chopped apples over medium high heat in a saucepan until softened.
Mash with potato masher, leaving them a little chunky.