Tag Archive for ‘SOC data’

More than a Quarter of New Homes Had Non-Conventional Financing in 2018

NAHB analysis of the 2018 Census Bureau Survey of Construction (SOC) data shows that, nationwide, the share of non-conventional financing accounted for 28.6% of the market, while conventional financing dominated the market at 71.4% of the market share. Non-conventional forms of financing, as opposed to conventional mortgage loans, include loans insured by the Federal Housing Administration (FHA), VA-backed loans, cash… Read More ›

FHA-Backed Loans Accounted For The Majority Of All Non-Conventional Financing In 2017

NAHB analysis of the 2017 Census Bureau Survey of Construction (SOC) data shows that, nationwide, the share of non-conventional financing in 2017 accounted for less than a third of the market, at 30.8%. The reliance on non-conventional forms of financing varied across the United States, with its share at 35.4% in the South Atlantic and West South Central divisions but… Read More ›