Spurred by activity in Stamford, new home permits issued during the month of October reached a 15-year high, new data shows.
There were 1,073 new housing permits issued last month in 104 cities and towns tracked by the U.S. Census Bureau, the state Department of Economic and Community Development said.Â
That’s a significant increase from 433 permits granted in Oct. 2018, and 352 approved in September, Census data showed. Permits are granted for new apartments and single-family and other multifamily-housing projects.
The October total also represents the largest number of permits issued in any one month since 1,169 permits were granted in Nov. 2004, data shows.
But the huge uptick doesn’t necessarily mean the state’s homebuilding industry will see a major boost because more than half of the new permits were issued in Stamford.Â
In fact, a total of 713 permits, or 66 percent, were issued in Stamford and largely all of them were related to an apartment development. In September, only six new home permits were issued in that city.
Among communities sampled, Fairfield (89) and Shelton (61) trailed Stamford in the number of homebuilding permits granted last month.
For the year, 4,218 permits have been issued vs. 2,558 granted the same period a year ago.
