Multifamily activity drove up the rate of building permits last month, while one-unit properties lifted the rate of completed construction.

Permits for the construction of 111,900 privately owned housing units were issued during March, leaping from just 84,800 permits a month earlier.

A substantial gain was additionally made compared to the same month last year, when there were 97,700 permits handed out by in permit-issuing places.

Source: Mortgage Daily