Chart 3

The title is "Connecticut Home Prices Continue to Show Strong Growth With Limited New Supply."

A combined line and bar chart that shows the number of housing permits and the percentage change in the home price index from 1989 through the second quarter of 2003. The number of Connecticut housing permits dropped from 11,295 in 1989 to 7,598 in 1991, increased to 9,387 in 1994, fell to 8,322 in 1995, increased steadily to 12,344 in 1998, decreased to 9,289 in 2001, rose slightly to 9,708 in 2002, and fell slightly to 9,525 in 2003. The change in the Connecticut home price index was minus1.049 percent in 1989, minus 4.517 percent in 1990, minus 0.640 percent in 1992, minus 2.489 percent in 1994, steadily improved to 10.230 percent in 2002, and moderated to 7.57 percent in 2003.