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Electrical Marketing’s Leading Economic Indicators - July 2018

Total building permits drop in June due to tariff concerns. Privately-owned housing units authorized by building permits in June were at a seasonally adjusted annual rate of 1,273,000, -2.2% below the revised May rate of 1,301,000 and -3% below the June 2017 rate of 1,312,000, according to the U.S. Census Bureau. Single-family authorizations in June were at a rate of 850,000; +0.8% above the revised May figure of 843,000.

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