Burlington Reporter

Burlington Reporter

Monday, February 17, 2020

74,000 U.S. homes purchased using FHA insured financing in 2018

Real Estate

By Local Labs News Service | Nov 28, 2019

Re 13

FHA insured financing was used to purchase 74,000 homes in 2018, according to the U.S. Census Bureau and the Department of Housing and Urban Development.

The census surveys provide current national and regional data on sales of new single-family houses.

Included are current-month estimates and revisions for previous months, for new houses sold and for sale at the national level and by Census region, and for average and median sales prices at the national level. It also includes details of the type of financing used to purchase homes.

The results help provide an overview of the nation’s current economic activity, and are used by manufacturers, insurance companies, and financial institutions to help ascertain supply and demand.

Type of financing used to purchase homes in the United States in 2018

Type of Financing
Houses Sold (in thousands)
Conventional
461
FHA Insured
74
VA Rural
43
Cash
39
Source: U.S. Census Bureau and the Department of Housing and Urban Development.

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