Building permits enjoy slight increase in May. Privately-owned housing units authorized by building permits in May were at a seasonally adjusted annual rate of 1,138,000. This is 0.7% above the revised April rate of 1,130,000, but 10.1% below the May 2015 estimate of 1,266,000. Single-family authorizations in May were at a rate of 726,000, 2% below the revised April figure of 741,000.
Most recent data from Purchasing Managers Index looks solid. The
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