New home construction permits in the Northeast in March were up 24 percent compared to the previous month as builders pulled more multi-family permits.
The Northeast went in an opposite direction of the nation’s permit activity, which was off nearly 4 percent in March, according to the U.S. Census Bureau.
In the region, which includes all of New England single-family permit activity was down 2 percent compared to February. But this doesn’t mean the region is running for rentals.
Overall, single-family home permit activity through the first three months of this year was up 10 percent compared to last year.
Nationally, single-family home permitting activity was only off 0.5 percent while multi-family construction with five or more units was off 8 percent, compared to February.
The region and nation headed in opposite directions for new starts in March, as well. Total new start construction nationally jumped 7 percent in March,compared to February, bolstered by new apartment construction, which was up more than 26 percent. In New England, total new construction starts were down 5.8 percent, with single-family projections dropping 32.8 percent
One builder told The Rounds, that, at least in Connecticut, they have to pull more permits than they can possibly get to because many projects fall through due to zoning or other issues that creep up on them.