Sources Of Financing For New Home Sales

February 2, 2016

The NAHB analyzed the most recent Census estimates regarding sources of financing for new home sales and discovered a continuing trend toward conventional mortgages.

New home sales with FHA-backed loans held steady at a quarterly share of about 16 percent of the market in the fourth quarter, up from the 10% of one year prior.

In addition, the NAHB found that VA-backed loans were responsible for about 8 percent of new home sales and cash-based transactions made up just over 5 percent of market share for the final quarter of 2015.

Meanwhile, conventional mortgages rose to 71 percent for the fourth quarter of 2015.

Read more