U.S. population growth between July 1, 2022 and July 1, 2023 rose to 0.49% from 0.37% in the previous 12 months, the Census Bureau reported today. [The South] accounted for 87% of the nation’s growth in 2023,” due largely to net domestic migration of 706,266 and net international migration of almost 500,000. AGC posted a map showing 2023 changes and a table ranking all states and D.C. by 2021, 2022, and 2023 changes. The value of construction starts in current dollars (not adjusted for inflation) rose 13% y/y in November, data firm ConstructConnect reported on Monday. Multifamily (five or more units) starts climbed 8.9% for the month but plunged 34% y/y.

Source: Wall Street Journal December 20, 2023 15:02 UTC