BY BRAD BECKETT ON AUGUST 16, 2023
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. Click here to read more.
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.