FHA Financing Soars 500 Percent from 2006

The granddaddy of housing construction data, the U.S. Census Bureau’s “Characteristics of New Housing” report, just came out for 2011, and it features numerous stats on the single-family home market.
Perhaps the most interesting data, though, involves financing, and how radically it’s changed from 2006.

Regarding home financing, the report found:

20 percent of homes were financed by the FHA in 2011, a 500 percent increase from 2006, while conventional financing tumbled 45 percent from 90 percent of the market in 2006 to just 62 percent in 2011.
Cash purchases were also way up, ...

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