Core Report | August 18, 2023

New residential construction improved slightly in July and is now up for the second time in the last three months. New housing starts came in at a 1.452 million unit rate in July, up 3.9% from June and up 5.9% from the 1.371 million unit rate in July 2022. The boost in July came from single-family units, which were up 6.7% from June.