Market update: U.S. housing starts fall 3% in August

  • September 17, 2015

This morning’s Census Bureau report showed that housing starts in August fell 3 percent to an annual rate of 1.13 million units (SAAR). Quicken Loans Vice President Bill Banfield offers the following comments on the report:

“The small dip in August housing starts is minor considering the sustained momentum we’ve seen in housing overall in 2015. When you couple the slow but steady rise in single-family unit construction with an increase in builder confidence, it’s further support that housing is returning to its place as a major player in driving economic growth.”

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

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