According to recent Census data, 71.3 percent of new-home sales were financed with conventional loans in Q1 2019, the eleventh quarter in a row in which these loans were used to finance more than 71 percent of all new-home sales.
April 25, 2019
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According to recent Census data, 71.3 percent of new-home sales were financed with conventional loans in Q1 2019, the eleventh quarter in a row in which these loans were used to finance more than 71 percent of all new-home sales.
The analysis done by the National Association of Home Builders finds that this is a 3.3 percent decline over the previous quarter, even though mortgage rates decreased by 41 basis points in that time. FHA-backed loans had a 15.8 percent market share, up 3.1 percent from Q4 2018.
