CT housing market update article

New home construction in Connecticut rose slightly in July compared with the same month a year ago -- the first monthly, year-over-year increase since November.

Towns and citieNew home construction in Connecticut rose slightly in July compared with the same month a year ago -- the first monthly, year-over-year increase since November.

Towns and cities issued 446 building permits for single-family houses, condominiums and apartment units in July, a 9 percent increase from 409 a year ago, according to a new report today from the state Department of Economic and Community Development.

The survey is based on a sample of 128 municipalities tracked by the U.S. Census each month. Those results, however, have closely tracked a survey of all 169 towns and cities that is done once a year.

So far this year, the state has seen deep monthly declines in new home construction. As recently as June, the number of permits fell by 45 percent, compared with the same month in 2008.

Permits are still down significantly for the year. For the first seven months of this year, 1,880 permits were issued, off 39 percent, from 3,096 for the same period last year. s issued 446 building permits for single-family houses, condominiums and apartment units in July, a 9 percent increase from 409 a year ago, according to a new report today from the state Department of Economic and Community Development.

The survey is based on a sample of 128 municipalities tracked by the U.S. Census each month. Those results, however, have closely tracked a survey of all 169 towns and cities that is done once a year.

So far this year, the state has seen deep monthly declines in new home construction. As recently as June, the number of permits fell by 45 percent, compared with the same month in 2008.

Permits are still down significantly for the year. For the first seven months of this year, 1,880 permits were issued, off 39 percent, from 3,096 for the same period last year.