Approaching more stability after the volatility of the past couple of years, sales of new single-family homes in the US significantly corrected down in June, at 697,000 units, which is 2.5% lower than May's downwardly revised 715,000, but up almost 24% compared to June 2022.
Contractors have collectively added jobs in 15 of the past 16 months, with contractors expressing confidence in staffing levels increasing through the rest of 2023.