Despite an increase in single-family volume, a decline in multifamily permits and new construction pulled the overall numbers down. But completed multifamily construction jumped.

The 118,600 housing units that were authorized by permit-issuing places during April brought year-to-date 2018 permit volume to 424,100 units.

That was according to data released Wednesday jointly by the Census Bureau and the Department of Housing and Urban Development.

Source: Mortgage Daily