Private residential construction spending was at an $882.3 billion seasonally adjusted annual rate in August, up from $872.7 billion in July.
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The 15-year fixed mortgage rate also increased, reaching 6.60% from 6.42% a week earlier.
Owner-built house completions were 23% lower and apartment-building completions 8% higher so far in 2026 compared with the same period last year.
Wooden starts rose 6.3% to 39,392 units; January–August starts were up 2.2% from a year earlier.
Construction openings were up 17.8% from a year earlier, against a 2.3% rise for all nonfarm industries.
The annual gain followed a 1.6% increase in June, while inflation outpaced nominal home price growth.
The cooperation will set construction and material standards and develop technical capacity for wood buildings across Turkey.
Sales of new single-family homes rose to 684,000 in August from 643,000 in July but were 2% below a year earlier.
The 15-year fixed mortgage rate also increased, reaching 6.42% from 6.26% a week earlier.
Residential investment edged up 0.3% from the previous month, with single-family investment up 3.5%.
Completions of owner-built houses fell 26% and those in apartment buildings rose 10% so far in 2026 compared with the same period last year.
About 947 thousand wood-framed single-family homes were completed, while steel-framed completions reached about 5 thousand.
Residential permits fell 8.9% from the previous month, with the single-family component down 6.2%.
Permits for new single-family houses were 10% higher and those for two-family houses 25% higher in the first seven months of 2026 than in the same period last year.
Single-family starts rose 7.6% from July.
The new-construction starts lagged a year earlier by 30.5%.
The 30-year fixed rate increased from the previous week and remained above its year-earlier level.
Dealers report higher supplier prices, reduced Canadian shipments and longer lead times after the duties took effect.
Inventory reaches 1.62 million units, while the median existing-home price rises 1.6% from a year earlier.
The 15-year fixed-rate mortgage also rose, while both rates remain above year-ago levels.