Citing data from the U.S. Census Bureau’s most recent Quarterly Sales by Price and Financing report, the NAHB’s Eye on Housing says the share of FHA-backed loans for new home sales rose by its largest share since 2007, climbing to 11.7%. In addition they report that 76.1% of new home loans were conventional (highest since 2008), 8.3% were cash and 3.9% were VA (lowest level since 2007).
Click here to read the full report at the NAHB’s Eye on Housing.
