Market Update: Housing Starts Rise 0.9%

This morning’s housing starts report showed a 0.9% rise in new home construction. Quicken Loans Chief Economist Bob Walters offers the following comments on the report:

“Today’s new home construction report is encouraging. Demand for new homes has not been hindered by rising interest rates, and builders are continuing to try and keep pace. Look for this trend to continue in the coming months.”

If you would like to talk to Bob about this topic or the current state of the housing market please contact us.