Market Update: Housing Starts Surge in June July 19, 2016 Housing starts rose 4.8 percent in June to a seasonally adjusted rate of 1.189 million units. Quicken Loans Vice President Bill Banfield offers the following comments on the report. “While we often see volatility in the month-to-month data, June’s rise in housing starts shows a sturdy demand for new homes as we move into the second half of the year. The growing job market coupled with low mortgage rates continues to provide a boost to the housing market.” If you would like to speak to Bill about this or any other topic, please contact us.
