Market Update: Home Construction Continues Climbing

This morning’s Housing Starts report showed a 2.0% rise in new home construction, to an annual rate of 936,000 units.

Bill Banfield, Quicken Loans Executive Vice President of Capital Markets, offers the following insight on the report:

“The continued growth in single-family home building, and permits for future construction, should make consumers who are considering buying confident that they will have a solid choice of homes,” said Bill Banfield. “This is an important report for future homebuyers since one of the largest deterrents to entering the market right now is the lack of robust housing options.”

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