January 3, 2017 1 COMMENTS

CT housing permits plunge late in 2016

PHOTO | Idea go, FreeDigitalPhotos.net
PHOTO | Idea go, FreeDigitalPhotos.net

Connecticut communities issued in November fewer than half the home-building permits of a year earlier, virtually assuring 2016's permit total will fall well short of the previous year's pace, fresh data shows.

There were 209 permits issued for single- and multi-family housing in 104 cities and towns across the state surveyed by the federal Census Bureau vs. 509 permits granted in November 2015, the state Department of Economic and Community Development said.

November's permit total also was less than half the 452 granted in October. From Jan. to Nov. 2016, there have been 3,905 permits granted vs. 4,584 issued in the first 11 months of 2015, DECD said.

With 419 permits issued in Dec. 2015, the latest December tally – due later in January -- almost certainly will fall short of the year-ago permit count. There were 4,903 permits issued in 2015.

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fred.carstensen@att.net

01/05/17 AT 09:22 AM
In the 1980s the average number of permits was over 17,000. Repeat that number: 17,000. There is no more telling commentary on the ill-health of Connecticut's economy than the absence of demand for housing. The level of permits is no more than needed for replacement. But then we have no job creation since 1989, real incomes are falling, and real output is still below the previous peak in 2007.
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