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New York City construction spending rises $10 billion
Original: City construction spending up $10B with residential sector leading the way, report finds
Construction spending in New York City has grown by roughly $10 billion, with the residential sector driving most of the increase, according to a new report covered by Crain's New York Business. The rise suggests renewed momentum in housing development, a sector closely watched amid the city's ongoing affordability and supply debates.
Why now: Housing supply and affordability are pressing concerns in New York, so growth in residential construction spending draws wide attention.
New York CityCrain's New York Business
Evidence
- City construction spending up $10B with residential sector leading the way, report finds · Crain's New York
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