According to HousingWire, the U.S. Census Bureau’s report on “Characteristics of New Housing for 2011” indicates the housing market may be slowly stabilizing. Twenty percent of all new single-family homes were financed by an FHA-insured loan, five percent less than in 2010, and four percent less than 2009. Conventional loans were used to finance 62 percent of all single-family homes, the same rate as in 2009. That figure was 58 percent in 2010. The average single-family home had 2,480 square feet, 88 square feet larger than in 2010. Vinyl siding was the principal exterior wall material for 33 percent of all single-family homes, and 88 percent of all new single-family homes had air conditioning. For the full report, click here.
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