Market Update: January Housing Starts Dive

Today’s housing starts report showed a 16% fall in new home construction. Quicken Loans Vice President Bill Banfield offers the following comments on the report:

The brutal winter continues its assault on the housing market as January brought another decline in housing starts. The construction of new homes may be in a period of hibernation in some parts of the country but permits to build were more consistent and suggest the drop may be a weather related anomaly.

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