Tag Archive for ‘FHA’

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 New Home Sales Increase 60% Year-over-Year

NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S. Census Bureau reveals that mortgages backed by the FHA made up 17.9% (32,000) of total sales (179,000), 7.3 percentage points higher than Q2 2018 (20,000). The FHA share is the highest it has been since the first quarter of 2013. Conventional loans accounted for… Read More ›

FHA Mortgages Finance Growing Share of New Home Sales

NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S. Census Bureau reveals that FHA loans financed 12.9% of new home sales during the third quarter of 2018, 2.3 percentage points above the prior quarter and the largest share since Q3 2017. Despite the increase, the share of sales financed with FHA-backed mortgages remains… Read More ›

Share of Conventional Mortgages Continues to Rise

NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S. Census Bureau reveals that conventional loans accounted for 74.2% of new home sales in the second quarter of 2018, a 0.4-percentage-point increase over Q1 2018 and the highest share in a decade. Conventional loans financed over three-quarters of new home sales in the second… Read More ›

Conventional Loan Share Reaches Decade High

NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S. Census Bureau reveals that conventional loans accounted for 73.8% of new home sales in the first quarter of 2018, the highest share in a decade.  Conventional loans financed over three-quarters of new home sales in the second quarter of 2008 before steadily falling and bottoming out… Read More ›

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 ›

Cash Sales Retreat as a Share of New Home Purchases

NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the Census Bureau reveals that cash sales accounted for just 4.8% of the total, down from 6.5% in the second quarter. FHA-loans financed 14.3% of new home sales during the third quarter of 2017. As of the second quarter of 2017, the share of sales financed with FHA-backed… Read More ›