In the first six months of the pandemic, Glastonbury-based apartment builder and investor Trio Properties priced rents among its roughly 3,000 units “conservatively” due to concerns about tenants’ continuing ability to pay.
Jeremy F. Browning, Trio’s managing director, said it quickly became clear that renters were managing to hang onto jobs and staying put through lease renewals in record numbers. Demand was high and rents went up accordingly including an 8% to 10% jump over the past year, he said.
Fewer building permits for new housing in Connecticut went out in 2021 than in every year since 2011, according to new preliminary data from the state Department of Economic and Community Development.
Early data shows Connecticut housing production dropped to a decade low in 2021 ctmirror.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ctmirror.org Daily Mail and Mail on Sunday newspapers.