Construction Spending


The Latest

Average construction costs jumped nationally year-over-year

Average construction costs across the U.S. rose 4.2 percent last year, with Los Angeles logging the largest uptick, according...

Developers are bracing themselves for the burn of Trump’s metal tariffs

From the April issue: New York City developers and builders certainly won’t strike gold with the Trump administration’s recent metal...

Construction starts picked up in 2017, thanks to large institutional and public works projects

Construction starts picked back up again last year, totaling $37.78 billion on the back of public works and institutional projects. That was the second-highest...

Here’s a look at some of NYC’s biggest commercial projects in the pipeline

From the January issue: With office towers rising on the Far West Side and logistics super-warehouses being built on Staten...

The shakedown: How neighboring landlords can profit from new developments

A precedent-setting court ruling from last year has opened the floodgates for landlords to demand “ransom” payments from adjacent...

Building Billionaires’ Row: Why developers call Lendlease when they want to go glitzy

UPDATED, 11:18 a.m., July 19: Though only three years old, One57 is kind of like the grandfather of Billionaires’ Row. Extell Development’s supertall was...

NYC construction industry generated $66B in 2016: report

The construction industry in New York City generated $66.3 billion last year, thanks in large part to a record...

High construction wages, material costs make NYC the world’s most expensive place to build: report

New York City isn’t just the most expensive place to build in the world — it’s also one of the most “overstretched” in terms...

Construction spending pushes de Blasio’s budget up by $6B

Mayor Bill de Blasio’s capital budget for the city jumped 7 percent since January, thanks to an extra $6...

How the city built libraries at $930 psf … and years behind schedule

A city agency designed to streamline capital projects actually doubled the cost of new libraries and cultural centers between...

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