Quikrete Industry Dashboard, starts and sales

The latest residential construction data showed gains for total housing starts and single-family housing starts.

Housing starts moved forward in July to a seasonally adjusted annual rate of 1.452 million.  

This is a 3.9%  increase above the revised June estimate of 1.398 million starts. The latest report, released this morning by the U.S. Census Bureau and the Department of Housing and Urban Development, is also 5.9% above the July 2022 rate of 1.371 million.

Single‐family housing starts increased 6.7% to 983,000 in July compared to the revised June figure of 921,000. 

The July rate for units in buildings with five units or more was 460,000, breaking even with the previous month’s figure. On a year-over-year basis, multifamily starts moved ahead just 0.4% from a rate of 458,000 in July 2022.

Also updated in the last week were retail sales for NAICS 444 for the month of July and NAICS 44413 for the month of June.