The annual rate of building permits soared to the highest level since 2015. But weakening was reported for construction started and completed.

In U.S. municipalities that issue permits for housing units, there were 86,800 permits that were issued during the first month of this year.

The total descended from an upwardly revised 91,400 in December 2016 but ascended from the upwardly revised 74,800 in January 2016.

Source: Mortgage Daily