Building permits dip in May. Privately-owned housing units authorized by building permits in May were at a seasonally adjusted annual rate of 1,301,000, -4.6% below the revised April rate of 1,364,000, but +8% above the May 2017 rate of 1,205,000, according to the most recent report from the U.S. Census Bureau. Single-family authorizations in May were at a rate of 844,000, -2.2% below the revised April figure of 863,000.
Electrical Marketing’s Leading Economic Indicators - June 2018
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