Housing Permits Drop By Half - NBC Connecticut

Housing Permits Drop By Half

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    New housing permits drop 50 percent in Connecticut.

    It’s just not a good time to be a house builder in Connecticut.

    The number of housing permits issued for the first three months of the year is down more than 50 percent.

    The State Department of Economic and Community Development also says there was a nearly 50 percent drop in permits issued for last month.

    The state is going into its fifth year of residential construction declines.
     
    Towns and cities issued 500 permits for single-family houses, condominiums and apartment units in the first quarter, according to the State Department of Economic and Community Development. Last year, they issued 1,091 permits for the same period.

    In March, the number of permits issued was 208, a 46 percent drop from the same month a year ago.