Electrical Marketing's Leading Economic Indicators

摘要

Building permit activity drop from May's pace. Privately-owned housing units authorized by building permits in June were at a seasonally adjusted annual rate of 1,598,000, - 5.1% below the revised May rate of 1,683,000 but +23.3% above the June 2020 rate of 1,296,000. According to the U.S. Census Bureau, single-family authorizations in June were at a rate of 1,063,000, -6.3% below the revised May figure of 1,134,000. Architects bullish on future but can't find enough workers. Architects AIA's Architecture Billings Index (ABI) score for June remained at an elevated level of 57.1 points in June (any score above 50 points indicates an increase in billings). During June, the new design contracts score also remained positive at 58.9 points but was not quite as strong as the 63.2-point reading in May.