Market Update: Housing Starts Dip in December

This morning’s Census Bureau report showed that housing starts in December declined 2.5 percent to an annual rate of 1.15 million units (SAAR). Quicken Loans Vice President Bill Banfield offers the following comments on the report:

“The dip in December housing starts shows the month-to-month volatility we’ve experienced in this report. All in all, we’ve made significant gains in 2015 as we closed out at the strongest calendar year for housing starts since 2007 – up 1.00 million units from 2014.”

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