Market Update: New Home Sales jumped 10.8% in December

  • January 27, 2016

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.”

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

 
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