Construction Spending


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

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...

How the city built libraries at $930 psf … and years behind schedule
Nonunion labor keeping wage growth down: report

Nonunion labor keeping wage growth down: report

Construction costs in the five boroughs grew steadily for the third year in a row at roughly 5 percent....

Nonunion labor keeping wage growth down: report
wages

NYC construction hiring picks up, but wages stay flat

It’s a common complaint among developers: high wages for construction workers in New York City are driving up development...

NYC construction hiring picks up, but wages stay flat
Resi construction spending hits all-time $12B high

Resi construction spending hits all-time $12B high

Spending on residential construction in New York City rose sharply to an all-time record of nearly $12 billion last...

Resi construction spending hits all-time $12B high
NYC higher ed to invest nearly $10B in construction, upgrades

NYC higher ed to invest nearly $10B in construction, upgrades

Colleges and universities in New York City are projected to spend nearly $10 billion on new construction and renovations during...

NYC higher ed to invest nearly $10B in construction, upgrades
More construction — but fewer residential units — in 2014

More construction — but fewer residential units — in 2014

Residential construction spending will likely hit a new record this year, but far fewer New Yorkers stand to benefit...

More construction — but fewer residential units — in 2014
New office spending by REITs highest in a decade

New office spending by REITs highest in a decade

A building boom is under way in major markets as Real Estate Investment Trusts increasingly invest in new developments...

New office spending by REITs highest in a decade
New York City residential construction boomed in 2013

New York City residential construction boomed in 2013

Employment in New York City’s construction sector hit a five-year peak in 2013, while spending on residential construction was...

New York City residential construction boomed in 2013
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US construction spending on the upswing in November

U.S. construction spending ticked up in the month of November, buoyed by growing private-sector demand to build homes.

US construction spending on the upswing in November
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NYC construction spending to top $31.5B in 2013

Construction spending soared in the boom days of 2007, but those numbers are peanuts compared to what we’re on...

NYC construction spending to top $31.5B in 2013
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