Government Insured Loans Still Important in New Home Market
As of 2012, FHA/VA insured loans still account for well over 20 percent of the market for new single-family homes, according to data from the Survey of Construction (SOC). The SOC is conducted by the...
View ArticleRegional Differences in New Home Financing
According to NAHB analysis of the 2013 Census Bureau Survey of Construction (SOC) data, use of non-conventional financing methods to purchase new homes varies widely across the country. The West South...
View ArticleHow 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...
View ArticleNew Home Sales: Financing Source Shares Hold Steady
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, FHA, and VA loans, as well as...
View ArticleHow 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...
View ArticleConventionally Financed New Home Sales Reach Nine-year High in 2016
NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the Census Bureau reveals that 70.8% of new home sales in 2016 were financed with conventional products—up from the...
View ArticleHow New Home Buyers Financed Their Homes in 2016
NAHB analysis of the 2016 Census Bureau Survey of Construction (SOC) data shows that reliance on non-conventional forms of financing varied across the United States, with its share exceeding 37% in the...
View ArticleCash 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...
View ArticleConventional 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...
View ArticleConventional Loan Market Share Hits 10-Year 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 76.9% of new home sales in the fourth quarter...
View Article“Seriously Delinquent” Loans Decline
The quarterly National Delinquency Survey from the Mortgage Bankers Association shows a decline in the serious delinquency rate across all the categories of loans, continuing the downward trend that...
View ArticleAmong Government-Backed Home Loans, USDA Loans’ Average Size Spike
The latest data from the Mortgage Bankers Association’s Weekly Applications Survey show a decrease of 2.4% in fixed-rate mortgage applications on a seasonally adjusted basis from one week earlier....
View ArticleFHA-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...
View ArticleSeriously Delinquent Loans Increase
The Mortgage Bankers Association’s (MBA) latest National Delinquency Survey, 2nd quarter of 2019 data, reveal state-level variation in the timeliness of mortgage payments. Overall, the “seriously...
View ArticleShare of New Home Sales Financed through FHA Hits Eight-Year High
NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S. Census Bureau reveals that FHA-backed sales made up 17.4% of new home sales in 2019, the largest share...
View ArticleMortgage Delinquencies Reach Historic Low
In the fourth quarter of 2019, the delinquency rate for mortgage loans on single-family homes1 decreased to 3.8% of all loans outstanding, according to the latest iteration of the Mortgage Bankers...
View ArticleConventional Financing of New Home Purchases Declines as VA-Backed Sales Gain...
NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S. Census Bureau reveals that VA-backed sales made up 9.1% of new home sales in the first quarter of 2020, the...
View ArticleShare of FHA-Backed New Home Sales Reaches Eight-Year High
NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S. Census Bureau reveals that FHA-backed sales made up 20.4% of new home sales in the first quarter of 2020,...
View ArticleAmid Record Low Rates, Refinancing Flourishes
Over the last two weeks, the Mortgage Bankers Association’s tracked 30-year fixed-rate mortgage average rate fell by 14 basis points to 3.06%, a new record low in the series. At the same time, the...
View ArticleQ2 2020 National Delinquency Survey
Amid widespread job losses and other economic hardship resulting from the COVID-19 pandemic, all the U.S. states, Puerto Rico, and the District of Columbia experienced quarterly percentage increases in...
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