Market Update: Housing Starts Rebound in June

Housing starts jumped 8.3 percent to a seasonally adjusted annual rate of 1.22 million units. Quicken Loans Executive Vice President of Capital Markets, Bill Banfield offers the following comments on the report.

“Single-family homes continue to show steady growth, which is an encouraging sign as we move through the warm summer months – especially in areas like the Midwest and Northeast. More importantly, starts and permits are up year-over-year, showing promising opportunity for the housing market.”

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