Conventional Financing of New Home Purchases Declines as VA-Backed Sales Gain Market Share

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NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S. Census Bureau reveals that VA-backed sales made up 9.1% of new home sales in the first quarter of 2020, the largest market share since early 2016. In addition, cash sales (4.3%) made up their smallest share since Q3 2009 (3.8%). Mortgages backed by the… Read More ›

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