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New Housing Starts Fall Off Cliff
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Business New Haven
1/7/2002
By: BNH
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New housing units authorized by Connecticut communities last November fell by 18.2 percent, compared to November one year ago, according to the state Department of Economic and Community Development (DECD). Through November, the year-to-date permits had dropped 1.1 percent from November of the preceding year.
Vernon led all Connecticut communities with 32 units, followed by Danbury with 31 and Trumbull with 24 units. The New Haven Labor Market Area recorded the biggest reduction in authorized units in November, dropping by 132. This was an almost 70 percent decrease compared to a year ago. Windham, Hartford, Fairfield and Litchfield counties each surpassed last year's levels.
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