Electrical Marketing’s Leading Economic Indicators - July 26, 2013

“The fact that single-family starts and permits both rose in three out of four regions in June is a positive sign that’s in keeping with our forecast as well as recent surveys in which single-family builders have registered an increasingly positive outlook.” - NAHB's David Crowe

Builiding permits dip 7.5% in June but are tracking 16.1% above June 2012. The U.S. Census Department says privately-owned housing units authorized by building permits in June were at a seasonally adjusted annual rate of 911,000, 7.5% below the revised May rate of 985,000, but 16.1% above the June 2012 estimate of 785,000. Single-family authorizations in June were at a rate of 624,000; 0.6% above the revised May figure of 620,000. NAHB’s David Crowe said although hou

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