Market Updates

2020

September 17, 2020 - Market Update: Housing Starts Maintain Momentum in August
August’s New Residential Construction report showed a 4.1% increase in privately-owned single-family housing starts, to an annual rate of 1,021,000 units. Bill Banfield, Quicken Loans Executive Vice President of Capital Markets, offers the following insight on the report.


August 25, 2020 - Market Update: Home Price Gains Continued in June
The Case-Shiller report showed a 4.3% increase in home prices annually in June. Bill Banfield, Quicken Loans Executive Vice President of Capital Markets, offers the following insight on the report.


August 21, 2020 - Market Update: Existing Home Sales Spike in July
July's Existing Home Sales report showed a massive 25% spike in home sales, even after the largest monthly jump in June. Bill Banfield, Quicken Loans Executive Vice President of Capital Markets, offers the following insight on the report.


August 18, 2020 - Market Update: Housing Starts Continue to Increase in July
July’s New Residential Construction report showed an 8.2% increase in privately-owned single-family housing starts, to an annual rate of 940,000 units. Bill Banfield, Quicken Loans Executive Vice President of Capital Markets, offers the following insight on the report.


July 28, 2020 - Market Update: Home Price Growth Continues Amid Pandemic
The Case-Shiller report showed a 4.5% increase in home prices annually in May. Bill Banfield, Quicken Loans Executive Vice President of Capital Markets, offers the following insight on the report.


July 22, 2020 - Market Update: Existing Home Sales Surge in June
June’s Existing Home Sales report showed a massive 20.7% increase in home sales, to a seasonally adjusted rate of 4.72 million. Bill Banfield, Quicken Loans Executive Vice President of Capital Markets, offers the following insight on the report.


July 17, 2020 - Market Update: Housing Starts Jump in June
June’s New Residential Construction report showed an intense 17.3% increase in privately-owned housing starts, to an annual rate of 1,186,000 units. Bill Banfield, Quicken Loans Executive Vice President of Capital Markets, offers the following insight on the report.


June 30, 2020 - Market Update: Home Prices Continue to Rise in April
The Case-Shiller report showed a 4.7% increase in home prices annually in April. Bill Banfield, Quicken Loans Executive Vice President of Capital Markets, offers the following insight on the report.


June 22, 2020 - Market Update: Existing Home Sales Continue to Fall
May's Existing Home Sales report showed a 9.7% decrease in home sales, to a seasonally adjusted rate of 3.91 million. Bill Banfield, Quicken Loans Executive Vice President of Capital Markets, offers the following insight on the report.


June 17, 2020 - Market Update: Housing Starts Rebound as Economies Reopen
May’s New Residential Construction report showed a 4.3% increase in privately-owned housing starts, to an annual rate of 974,000 units. Bill Banfield, Quicken Loans Executive Vice President of Capital Markets, offers the following insight on the report.


May 26, 2020 - Market Update: Home Prices Continued to Climb in March
The Case-Shiller report showed a 4.4% increase in home prices annually in March. Bill Banfield, Quicken Loans Executive Vice President of Capital Markets, offers the following insight on the report.


May 21, 2020 - Market Update: Existing Home Sales Sink in April
April's Existing Home Sales report showed a 17.8% decrease in home sales, to a seasonally adjusted rate of 4.33 million. Bill Banfield, Quicken Loans Executive Vice President of Capital Markets, offers the following insight on the report.


May 19, 2020 - Market Update: Housing Starts Precipitously Drop During Stay-At-Home Orders
April’s New Residential Construction report showed a 30.2% decrease in privately-owned housing starts, to an annual rate of 891,000 units. Bill Banfield, Quicken Loans Executive Vice President of Capital Markets, offers the following insight on the report.


April 28, 2020 - Market Update: Home Prices Growth Continued in February
The Case-Shiller report showed a 4.2% increase in home prices annually in February. Bill Banfield, Quicken Loans Executive Vice President of Capital Markets, offers the following insight on the report.


April 21, 2020 - Market Update: Existing Home Sales Drop in March
March's Existing Home Sales report showed a 8.5% decrease in home sales, to a seasonally adjusted rate of 5.27 million. Bill Banfield, Quicken Loans Executive Vice President of Capital Markets, offers the following insight on the report.


April 16, 2020 - Market Update: Housing Starts Heavily Impacted by Coronavirus
March’s New Residential Construction report showed a 22.3% decrease in privately-owned housing starts, to an annual rate of 1,216,000 units. Bill Banfield, Quicken Loans Executive Vice President of Capital Markets, offers the following insight on the report.


March 31, 2020 - Market Update: Home Prices Continue to Rise in Early 2020
The Case-Shiller report showed a 3.9% increase in home prices annually in January. Bill Banfield, Quicken Loans Executive Vice President of Capital Markets, offers the following insight on the report.


March 20, 2020 - Market Update: Existing Home Sales Surge in February
February's Existing Home Sales report showed a 6.5% increase in home sales, to a seasonally adjusted rate of 5.77 million. Bill Banfield, Quicken Loans Executive Vice President of Capital Markets, offers the following insight on the report.


March 18, 2020 - Market Update: Housing Starts Dip For Second Time After Huge December
February's New Residential Construction report showed a 1.5% decrease in privately-owned housing starts, to an annual rate of 1,599,000 units. Bill Banfield, Quicken Loans Executive Vice President of Capital Markets, offers the following insight on the report.


February 25, 2020 - Market Update: Home Prices Rose in December
The Case-Shiller report showed a 3.8% increase in home prices from December 2018 to December 2019. Bill Banfield, Quicken Loans Executive Vice President of Capital Markets, offers the following insight on the report.


February 21, 2020 - Market Update: Existing Home Sales Dip in January
Existing Home Sales report showed a 1.3% dip in home sales, to a seasonally adjusted rate of 5.46 million. Bill Banfield, Quicken Loans Executive Vice President of Capital Markets, offers the following insight on the report.


February 19, 2020 - Market Update: Housing Starts Decrease Monthly but Huge Year-Over-Year Gains
The Housing Starts report showed a 5.9% monthly decrease in new single-family home construction, to an annual rate of 1,010,000 units. Year-over-year privately-owned housing starts, however, showed an insane 21.4% rise.


January 28, 2020 - Market Update: Home Prices Rise in November
The Case-Shiller report showed a 3.2% rise in home prices in November from the previous month and a 3.5% increase from last November. Bill Banfield, Quicken Loans Executive Vice President of Capital Markets, offers the following insight on the report.


January 22, 2020 - Market Update: Existing Home Sales Increase in December
Existing Home Sales report showed a 3.6% increase in home sales, to a seasonally adjusted rate of 5.54 million. Bill Banfield, Quicken Loans Executive Vice President of Capital Markets, offers the following insight on the report.


January 17, 2020 - Market Update: Housing Starts Spike in December
This morning’s Housing Starts report showed a 11.2% rise in new home construction, to an annual rate of 1,050,000 units. Bill Banfield, Quicken Loans Executive Vice President of Capital Markets, offers the following insight on the report.


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