June 24, 2020 Comments (0) Views: 269 Boston New England News, New England

Connecticut Homebuilding Permits Double in May

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The number of housing permits issued during the month of May more than doubled compared to last year, according to the Connecticut Department of Economic and Community Development (DECD). The growth is noteworthy, given the current economic uncertainty nationwide due to the ongoing COVID-19 pandemic.

During May, there were 535 single and multifamily permits issued in 104 towns and cities, up from 260 permits issued in May 2019. The number marked the largest number of homebuilding permits approved during the month of May since 2015, according the DECD.

Most of the permits filed in May (398) were for new apartments, while 125 were for single-family homes. For the year, there have been 1,903 housing permits issued, up 7.4% from the 1,772 issued at this time in 2019.

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