Permits to build apartment units drove up overall housing permits last month. But completed construction was pulled down by single-family activity.

In places that issue permits, there were a preliminary 122,600 new privately owned housing units that were authorized during the month of August.

That was more than the upwardly revised 101,000 permits issued the prior month and the upwardly revised 111,600 permits issued a year prior.

Source: Mortgage Daily