Tag Archive for ‘nonconventional loans’

Share of Non-Conventional Financing Holds Steady in 2022

NAHB analysis of the 2022 Census Bureau Survey of Construction (SOC) data shows that, nationwide, the share of non-conventional financing for new home sales accounted for 28.1% of the market, roughly the same as in 2021, at 28.8%. As in previous years, conventional financing dominated the market at 71.9% of sales. In 2020, the share of non-conventional financing was 34.4%… Read More ›

Share of Non-Conventional Financing Down in 2021

NAHB analysis of the 2021 Census Bureau Survey of Construction (SOC) data shows that, nationwide, the share of non-conventional financing for new home sales accounted for 28.8% of the market, while conventional financing dominated the market at 71.2%. In 2020, share of non-conventional financing was 34.4% of the market while conventional financing accounted for 65.6% of the market share. Non-conventional… Read More ›

Share of Non-Conventional Financing Hold Steady in 2020

NAHB analysis of the 2020 Census Bureau Survey of Construction (SOC) data shows that, nationwide, the share of non-conventional financing for new home sales accounted for 34.4% of the market, while conventional financing dominated the market at 65.6%. In 2019, share of non-conventional financing was 35.0% of the market while conventional financing accounted for 65.0% of the market share. Non-conventional… Read More ›

Share of Non-Conventional Financing Increased in 2019

NAHB analysis of the 2019 Census Bureau Survey of Construction (SOC) data shows that, nationwide, the share of non-conventional financing for new home sales accounted for 35.0% of the market, while conventional financing dominated the market at 65.0%. In 2018, share of non-conventional financing was 28.6% of the market while conventional financing accounted for 71.4% of the market share. Non-conventional… Read More ›

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 ›

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 ›

How New Home Buyers Financed Their Homes in 2015

NAHB analysis of the Census Bureau Survey of Construction (SOC) data shows that non-conventional forms of financing new single-family home purchases remained elevated in 2015, accounting for more than a third of the market. Looking at new single-family homes started in 2015, the South Atlantic division was most dependent on non-conventional financing, with its share exceeding 40% of the market…. Read More ›

How New Homebuyers Finance Their Homes Across the Nation

NAHB analysis of the Census Bureau Survey of Construction (SOC) data shows that non-conventional forms of financing new single-family home purchases remained elevated in 2014, but their use and mix varied widely across the country. In the West North Central division, only 21 percent of new homes started in 2014 were purchased using non-conventional financing methods. The share was twice… Read More ›