Leading Indicators for the Electrical Economy

“Business conditions continue to be the strongest at architecture firms in the South and the Western regions. Particularly encouraging is the continued solid upturn in design activity at institutional firms, since public sector facilities were the last nonresidential building project type to recover from the downturn.” AIA Chief Economist Kermit Baker

Building permits slide in December. Privately-owned housing units authorized by building permits in December were at a seasonally adjusted annual rate of 1.032 million, 1.9% below the revised November rate of 1.052 million, but 1%  above the Dec. 2013 estimate of 1.022 million. Single-family authorizations in December were at a rate of 667,000, 4.5% above the revised November figure of 638,000.  Authorizations of units in buildings with five units or more were at a

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