Market Update: Housing starts rise 4.4% in December January 21, 2015 This morning’s housing starts report showed a 4.4 percent increase in new home construction and permits for single-family homes rose 4.5 percent. Quicken Loans Vice President Bill Banfield offers the following comment on the report. “2014 ended on a high note for home builders, with construction on new homes rising significantly in December. This, paired with the year-over-year change marked 2014 as the strongest calendar year total since 2007. With permits for single-family homes rising in tandem, the fastest rate in six years, the outlook for development is looking bright as we head into spring.” If you would like to speak to Bill about this or any other topic, please contact us.