CT homebuilding permits down 65% in April

CT homebuilding permits down 65% in April

New housing construction in Connecticut plummeted to a three-year low in April during what was the first full month of COVID-19-related shutdowns, new data shows. Prior to April’s report, new housing permits in Connecticut had increased year-over-year for eight consecutive months. For the year, there have been 1,368 housing permits issued, down 9.5% from 1,512 issued at this time in 2019. New Haven has had the largest number of permits issued with 381. The housing permit report surfaced a week after the Greater Hartford Association of Realtors said that home and condo sales in the area slowed in April as prospective sellers were likely reluctant to list their homes as cases of COVID-19 mounted nationwide.

https://www.hartfordbusiness.com/article/ct-homebuilding-permits-down-65-in-april

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