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New economic growth led by the region’s largest employer, General Dynamics Electric Boat, is creating the need for new housing in Groton. The Town of Groton worked with consulting firm Camoin 310 to conduct a Housing Market Study to evaluate future housing demand and development potential.
This contrasts with recent years when this region experienced population loss and a lack of housing development. In that timeframe, local residents have aged, proceeding through life stages from raising families to empty nesting, shrinking the average household size.
As housing sizes decrease, more housing units are needed to support the same population. And, as the population ages, the labor force shrinks and businesses have difficulty hiring locally. The development of more housing is a key path to reversing this trend
Tell us what you think about the need for housing in Groton, and how we can address potential issues related to housing.
New economic growth led by the region’s largest employer, General Dynamics Electric Boat, is creating the need for new housing in Groton. The Town of Groton worked with consulting firm Camoin 310 to conduct a Housing Market Study to evaluate future housing demand and development potential.
This contrasts with recent years when this region experienced population loss and a lack of housing development. In that timeframe, local residents have aged, proceeding through life stages from raising families to empty nesting, shrinking the average household size.
As housing sizes decrease, more housing units are needed to support the same population. And, as the population ages, the labor force shrinks and businesses have difficulty hiring locally. The development of more housing is a key path to reversing this trend
Tell us what you think about the need for housing in Groton, and how we can address potential issues related to housing.
