The number of housing permits issued during the month of May more than doubled compared to last year, according to the Connecticut Department of Economic and Community Development (DECD). The growth is noteworthy, given the current economic uncertainty nationwide due to the ongoing COVID-19 pandemic.
During May, there were 535 single and multifamily permits issued in 104 towns and cities, up from 260 permits issued in May 2019. The number marked the largest number of homebuilding permits approved during the month of May since 2015, according the DECD.
Most of the permits filed in May (398) were for new apartments, while 125 were for single-family homes. For the year, there have been 1,903 housing permits issued, up 7.4% from the 1,772 issued at this time in 2019.
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.