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:
“Homebuilders are clearly responding to the strong economy with this second straight month of construction growth,” said Bill Banfield. “With great jobs numbers in November, and consumer sentiment holding at a 10-year high, a hefty housing supply will be needed to match increasing consumer demand as we approach the Spring and Summer buying season.”
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