Market Update: Housing starts fall 14.4% in August

This morning’s new home construction fell 14.4 percent. Quicken Loans vice president Bill Banfield offers the following comments on the report:

“Rather than signaling a downfall in the housing industry, a deeper look suggests that single family starts are relatively stable and growing year over year. The stability of home construction is buoyed by the strong homebuilder sentiment numbers and may suggest a continuation of the improvements we’ve seen in housing.”

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