nyc BLOG estate

nyc BLOG estate

Construction Activity Still Booming in NYC

More than 17,000 building permits were issues throughout NYC in June 2008, compared to only 4,028 permits issued in June 2007. A 325% increase.

In Manhattan 5,751 permits were issued in June 2008 compared to only 585 permits a year ago. Many developers are moving forward with projects prior to the expiration of the 421-A tax benefits.

In the first six months of 2008, there was a total of 26,851 permits issues compared to 16,650 in January through June 2007. A 61% increase. The number of permits equals the number of resedential units under construction.

Join my VIP Manhattan buyer program and receive new construction listings by email.

No comments

All related comments are welcome. Spam will be deleted.

Powered by Blogger.