New home permits in Connecticut rose 17.6 percent in the first half of this year compared to the same period in 2021, according to data released Thursday by the state Department of Community and Economic 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 rental prices will flatten.
This is the largest number of new home permits issued in Connecticut in June since 2016, when 468 units were approved.
In a sign of sustained gains, the figure for the first half of 2022 was 4% higher than in the same period of 2016.
Home building has been booming in New Haven, where permits were issued for 264 units in the first six months of this year. That’s a 38 percent increase over the number of units that were issued permits in the city in the first half of 2021.
Stratford had a 45 per cent increase in new housing activity, with 42 units in the first six months of this year, compared with 23.
New housing activity slowed in the city of Norwalk, which reported a nearly 45 percent decline in new housing permits when comparing the first six months of 2022 compared to the same period last year. last year. In the first half of 2021, 69 new housing units were issued in Norwalk, compared to 38 units approved in the first half of this year.
Permit activity was even more significant in Southington, where permits were issued for only 15 new housing units through the end of June of this year. Hartford County community officials issued permits for 64 new housing units during the same period last year.
New home availability in Connecticut “is very tight,” according to a second-quarter market report on the state’s housing market issued by Berkshire Hathaway HomeService/New England Properties.
Sales of single-family homes and condominium units in Connecticut have declined 69 percent over the past 36 months, according to the report.
“Given supply chain challenges, rising interest rates and labor shortages, new product availability will continue to lag,” said Candace Adams, chairman and chief executive of Berkshire Hathaway. HomeService/New England Properties.
luther.turmelle@hearstmediact.com