Experts dissect housing market at forum

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New residential development in the five boroughs is ebbing amid concerns over a housing market slowdown and rising construction costs. But don’t expect a drastic drop-off in fresh construction — this is, after all, New York City, where housing still sells for more than $1,000 a square foot on average. Such was the assessment bandied about at Tuesday evening’s New Development Forum hosted by The Real Deal and attended by more than 1,100 real estate professionals as well as journalists and other industry watchers in the Great Hall of the Cooper Union in the East Village. more By Tom Acitelli