Tag Archive for ‘mortgage financing’

Cash Sales Tie Post-Recession High

NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the Census Bureau reveals that cash sales accounted for 11,000 new home sales in the fourth quarter of 2017. Cash purchases also accounted for 11,000 new home sales in Q2 2017, but only made up 6.5% of the total. In contrast, they made up 7.9% of purchases in… Read More ›

Conventional Mortgages Finance Most New Home Sales Since 2008

NAHB analysis of the most recent Census estimates concerning sources of financing for new home sales reveals that the share of mortgages financed through conventional products in the third quarter of 2016 rose to 74.1%–the highest level seen since 2008.  In contrast, cash sales accounted for the smallest portion they have since the second quarter of 2010.  The portions financed with FHA… Read More ›

Consumer Lending (And Risk) Grows

A recent release from the Federal Reserve Board indicates that consumer credit outstanding grew by a seasonally adjusted annual rate of 6.9% over the year of 2014, accelerating from the 6.0% growth rate recorded in 2013. At the end of 2014, there was $3.3 trillion in consumer credit outstanding. The expansion in consumer credit outstanding over the year largely reflected… Read More ›