Market Update: Housing starts rise 6.3% in September

The September housing starts report showed a 6.3 percent increase in new home construction and permits for single-family home construction rose 1.1 percent. Quicken Loans Vice President Bill Banfield offers the following comment on the report:

“September’s housing starts and permits bounced back after a disappointing report last month. This report negates some of last month’s naysayers who were caught up in the volatility of the multi-family sector. Although consumers are receiving mixed signals on the health of the housing market, September housing starts show that the market is still on the incline.”

If you would like to speak to Bill about this or any other topic, please contact us