The National Association of Home Builders analyzed the latest Census estimates concerning sources of financing for new home sales, and conventional mortgages are the source of choice.
Another trend is a decrease in new home sales due to FHA-backed loans in the third quarter after a spike in the beginning of the year.
“The FHA share bumped up at the start of 2015 due to a reduction in FHA mortgage insurance premiums, reducing annual mortgage insurance premiums by 0.5 percentage points from 1.35 percent to 0.85 percent," the report by NAHB says.
PB Topical Ref
