Connecticut Is Failing in Affordability and Homebuilding: Can Gov. Lamont Turn It Around?

"Connecticut's housing market continues to face steep affordability challenges, with too few homes being built to meet rising demand. The state earned an F on the Realtor.com® State-by-State Housing Report Card, part of the Let America Build campaign that tracks how effectively each state balances affordability and new construction. Despite its strong economy and high household incomes, Connecticut's housing supply remains constrained, driving up prices and leaving many residents priced out."

"In a post on his Truth Social platform in early October, he accused major builders of hoarding lots to prop up prices-likening them to OPEC, which restricts oil output to maintain high prices. "They're my friends ... but now, they can get Financing, and they have to start building Homes. They're sitting on 2 Million empty lots, A RECORD," Trump wrote."

"The state's median listing price of $517,849, paired with a median household income of $89,717, illustrates the deep mismatch between wages and housing costs. The Realtor Affordability Score came in at 0.64, showing that even higher-income households are struggling to find homes within reach in this area. On the construction front, Connecticut accounted for just 0.4% of all new home permits in 2024 while representing about 1.1% of the U.S. population."

Connecticut's housing market shows steep affordability challenges, earning an F on the Realtor.com® State-by-State Housing Report Card. Median listing price of $517,849 against median household income of $89,717 creates a pronounced affordability gap; Realtor Affordability Score is 0.64 indicating many households struggle to find reachable homes. Connecticut accounted for just 0.4% of new home permits in 2024 while representing about 1.1% of the U.S. population, producing a permit-to-population ratio of 0.36 and signaling underbuilding. National pressure has grown on large homebuilders amid accusations of lot hoarding and calls for interventions to increase construction.

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