In part due to the popularity of custom home building in the region, approximately one-third of all homes started in New England in 2015 were cash purchases. Loans insured by the Federal Housing Administration, meanwhile, accounted for less than three percent of the market.
According to NAHB analysis of Census Bureau Survey of Construction data, more than a third of new single-family home purchases nationwide in 2015 used non-conventional forms of financing.
Non-conventional financing is most prevalent in the West South Central, South Atlantic, and New England regions, but is less common in the East South Central.
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