Market Update: Housing starts rise 6.3% in September

  • October 17, 2014

The September housing starts report showed a 6.3 percent increase in new home construction and permits for single-family home construction rose 1.1 percent. Quicken Loans Vice President Bill Banfield offers the following comment on the report:

“September’s housing starts and permits bounced back after a disappointing report last month. This report negates some of last month’s naysayers who were caught up in the volatility of the multi-family sector. Although consumers are receiving mixed signals on the health of the housing market, September housing starts show that the market is still on the incline.”

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