(RECAP: NAHB analysis of the Census Bureau Survey of Construction (SOC) data shows that non-conventional forms of financing new single-family home purchases remained elevated in 2015, accounting for more than a third of the market. For homes started in 2015, the share of mortgages insured by the FHA bumped up, especially in the Pacific and South Atlantic divisions where FHA loans accounted for 19% and 18%, respectively. This was largely due to a reduction in FHA mortgage insurance premiums implemented at the start of 2015. As a result, FHA-backed loans regained their status as the most prevalent form of non-conventional financing of new home purchases – the status they temporarily lost to cash purchases a year earlier following the implemented decline in the 2014 FHA loan limits.)
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