Market Update: Housing starts decrease 2% in January

This morning’s Census Bureau report showed that housing starts in January decreased 2 percent to an annual rate of 1.07 million units. Quicken Loans Vice President Bill Banfield offers the following comment on the report.

“It’s fair to say a rough winter had an impact on January’s home construction report. When you take a step back and look at year-over-year growth, we continue to see a healthy and steady increase in housing starts. Expect this pace to continue as we break into spring.”

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