Market Update: Housing starts decrease 2% in January

  • February 18, 2015

This morning’s Census Bureau report showed that housing starts in January decreased 2 percent to an annual rate of 1.07 million units. Quicken Loans Vice President Bill Banfield offers the following comment on the report.

“It’s fair to say a rough winter had an impact on January’s home construction report. When you take a step back and look at year-over-year growth, we continue to see a healthy and steady increase in housing starts. Expect this pace to continue as we break into spring.”

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

Print Friendly, PDF & Email