Recent analysis of mortgage data by the NAHB’s Eye on Housing reveals that the share of new home sales backed by FHA loans climbed from 12.1% to 14.0% in Q2 of 2023. They say this is the largest share since Q1 2021 but roughly three percentage points lower than the post-Great Recession average. In addition, conventional loans naturally led with 73.7% of new home sales, VA loans were 5.4% and cash purchases were 6.5% of new home sales.
Click here to read the full report at the NAHB’s Eye on Housing.
