Market Update

Market Update: Existing Home Sales Down Again in May

June 20, 2018

The Existing Homes Sales Report showed home sales decreased 0.4% in May. Quicken Loans Executive Vice President Bill Banfield offers the following comment on the report.

Market Update: Existing Home Sales Fall in April

May 24, 2018

Existing Homes Sales Report showed home sales dropped 2.5% percent in April, to a seasonally adjusted rate of 5.460 million. Quicken Loans Executive Vice President Bill Banfield offers the following comment on the report.

Market Update: Housing Starts Drop 3.7%, Building Permits Down 1.8%

May 16, 2018

Housing Starts report showed that new home construction dropped 3.7 percent. Quicken Loans Executive Vice President of Capital Markets, Bill Banfield, offers comment.

Market Update: New Home Sales Fell In December

January 25, 2018

The New Home Sales Report showed that home sales fell 9.3 percent in December, to a seasonally-adjusted rate of 625,000 units – 55,000 below economists’ estimate. Quicken Loans Executive Vice President Bill Banfield offers the following comments on the report

Market Update: Existing Home Sales Jump to 11-year high

December 20, 2017

Existing Homes Sales Report showed home sales surged 5.6 percent in November, to a seasonally adjusted rate of 5.81 million. Quicken Loans Executive Vice President Bill Banfield offers the following comment on the report.

Market Update: New Home Sales Continue to Climb

November 27, 2017

New home sales rose 6.2% in October to a seasonally-adjusted rate of 685,000 units. Quicken Loans Executive Vice President of Capital Markets, Bill Banfield offers comment.

Market Update: Housing Starts Climb to Highest Level in a Year

November 17, 2017

Housing starts in October rose 13.7 percent to a seasonally adjusted annual rate of 1.29 million units. Quicken Loans Executive Vice President of Capital Markets, Bill Banfield offers comment.