Wednesday, January 30, 2013

Connecticut New Home Permits End Year With Huge Gains


New data from the state's Department of Economic and Community Development (DECD) show that new home permits surged up 45 percent in 2012 after hitting their worst year ever in 2011.

December data released by the DECD show permits rising to 524 for the month, compared with 253 in December 2011, an increase of 107 percent. For the full year, permits rose from 2,837 to 4,104. That's the highest number since 2008, when 4,910 were issued, but still far less than during the housing boom. In 2004, more than 10,000 new home permits were issued in Connecticut.

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