Electrical Marketing’s Leading Indicators, April 22, 2011

Big boost in building permits. The Department of Commerce reported that privately-owned housing units authorized by building permits in March were at a seasonally adjusted annual rate of 594,000, 11.2 percent above the revised February rate of 534,000, but 13.3 percent below the March 2010 estimate of 685,000. Single-family authorizations in March were at a rate of 405,000; 5.7 percent above the revised February figure of 383,000.

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