Electrical Marketing’s Leading Economic Indicators - February 2017

Building permits see nice bump in January. Privately-owned housing units authorized by building permits in January were at a seasonally adjusted annual rate of 1,285,000, 4.6% above the revised December rate of 1,228,000 and 8.2% above the January 2016 rate of 1,188,000. The U.S. Census Bureau also said single-family authorizations in January were at a rate of 808,000 2.7% below the revised December figure of 830,000. Authorizations of units in buildings with five units or

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