New housing permits in CT up by 18 percent in first half of 2022 – mySA

New housing permits in Connecticut increased by 17.6 percent during the first half of this year compared to the same period in 2021, according to data released Thursday by the state Department of Economic and Community Development.

Connecticut communities issued permits for 394 new housing units in June, bringing the six-month total to 2,294 units amid hopes by some that rent prices will flatten.

That’s largest number new housing permits issued in Connecticut during June since 2016, when 468 units were approved.

In a sign of sustained gains, the number in the first half of 2022 was 4 percent higher than in the same period in 2016.

Home construction has been booming in New Haven, where 264 units were issued permits during the first six months of this year. That’s a 38 percent increase over the number of units that were issued permits in city during the first half of 2021.

Stratford had a 45 percent increase in new housing activity, with 42 units in the first six months of this year, up from 23.

New housing activity declined in the city of Norwalk, which saw a nearly 45 percent decline in new housing permits when comparing the first six months of 2022 compared to the same period last year. There were 69 new housing units issued permits issued in Norwalk during the first half of 2021. compared to the 38 units approved in the first half of this year.

Permit activity was off even more significantly in Southington, where just 15 new housing units were issued permits through the end of June this year. Officials in the Hartford County community issued permits for 64 new housing units during the same period last year.

The availability of new homes in Connecticut “is in very short supply,” according to a second quarter market report about the state’s real estate market issued by Berkshire Hathaway HomeService/ New England Properties.

Sales of single-family houses and condominium units in Connecticut has declined by 69 percent over the last 36 months, according to the report.

“Given the challenges with supply chains, rising interest rates and the workforce shortages, available new product will continue to be behind the curve,” said Candace Adams, president and chief executive officer of Berkshire Hathaway HomeService/ New England Properties.

luther.turmelle@hearstmediact.com

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