New Residential Building Permits

New Residential Building Permits 1Q 2014

• Building permits for new residential units in March totaled 3,423, an increase of 170 percent from February, and a 627 percent increase from March 2013.

• Building Permits for new residential units in the first quarter of 2014 are up 111 percent compared to the first quarter 2013.

• Manhattan was the borough with the most building permits for new residential units in March with 1,463 units, followed by Brooklyn with 846 units and then Queens with 780 units.
  

• High numbers in Manhattan are due to the filing of two large residential buildings, one at 855 6^th Avenue and another at 1047 Amsterdam Avenue.  

Source: REBNY Resource Department
Courtesy of:  REBNY