Market Update: New Home Sales jumped 10.8% in December

This morning’s U.S. Census Bureau report showed that new home sales in December jumped 10.8% to a seasonally-adjusted annual rate of 544,000 units. Quicken Loans vice president Bill Banfield offers the following comments on the report:

“December’s jump in new home sales rounded out a year which witnessed a steady rise in the health of the housing market. While still depressed from a historical perspective, we should be encouraged about the continued housing recovery going into the bulk of 2016.”

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