New York Sees Biggest Home-Building Boom in Years

Building permits spiked, even as the number of co-op and condo sales fell in Manhattan, Brooklyn and Queens

Josh BarbanelDespite a weak outlook for residential real estate, the number of building permits issued in New York City for new homes surged last year to the highest pace since 2015. It was the second-highest total since the end of the last big building boom in 2008.

Permits for 26,547 units of housing were issued in 2019, about 27% more than the year before, according to tabulation of preliminary data from the U.S. Census Bureau. Permits surged during the housing boom between 2006 and 2008. They then collapsed the following year, and...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

WSJ /  🏆 98. in US

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Alleged Weinstein rape victim describes harrowing scene in New York hotel roomToday, Harvey Weinstein will come face-to-face with the woman he is charged with raping in a New York City hotel room in 2013.
Read more »

New York City Investigating Possible First Case of CoronavirusA person who had recently traveled to China has been hospitalized in New York City and is the city’s first suspected case of coronavirus, according to the city’s top health official.
Read more »