Market update: U.S. Housing Starts Rise in June

  • July 17, 2015

U.S. housing starts rose 9.8 percent in June, with starts on single-family homes easing slightly. Quicken Loans Vice President Bill Banfield offers the following comments on the report.

“While the rise in housing starts was driven by an uptick in multifamily housing, there are positive signs looming for the single-family housing market. Homebuilder confidence is at its highest level in almost a decade and the number of first-time homebuyers looking to enter the market is increasing – making programs like FHA even more vital to support continued growth.”

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