Although single-family permits held up from the previous month, multifamily dragged down overall authorizations. Also slowing from the previous month was the volume of construction started and completed.
Building permits were issued on a preliminary 100,400 privately owned housing units during July, a joint report from the Census Bureau and Department of Housing and Urban Development indicated.
Historical government data indicate that between Jan. 1 and July 31 of this year, permits were authorized on 728,500 single-family and multifamily housing units.
Source: Mortgage Daily