Building permits enjoy 4.4% YOY growth. Privately-owned housing units authorized by building permits in February were at a seasonally adjusted annual rate of 1,213,000, 6.2% below the revised January rate of 1,293,000, but 4.4% above the February 2016 rate of 1,162,000. Single-family authorizations in February were at a rate of 832,000. ABI starts slow but expected to improve. The Architecture Billings Index (ABI) returned to growth mode in February after a weak showing in January. As ...
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