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August 26, 2020

CT homebuilding permits reach 5-yr. high in July

New housing construction in Connecticut reached a five-year high in July, as building permits have ticked upward in five of seven months this year, new data shows.

There were 420 single- and multifamily construction permits issued last month in 104 towns and cities, up about 10% from 381 permits issued in July 2019, according to an analysis of U.S. Census Bureau data by the state’s Department of Economic and Community Development. 

That represents the largest number of building permits issued in July since there were 633 permitted in 2015.

Building permit tallies are important because they are often thought of as the state's leading indicator for new housing demand.

Among communities sampled in July, the largest number of permits issued were in Shelton (76 permits), New Haven (45), Westport (36), Bristol (25), East Lyme (23) and Greenwich (17). 

For the year, there have been 2,606 housing permits issued, up 5% from 2,480 issued at this time in 2019. New Haven has had the largest number of permits issued with 735, which is up significantly from 277 in 2019.

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