Construction


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Housing starts soared in March, which is good news for a residential market hampered by low inventory and high demand. (iStock)
National

Good news: March housing starts soar 19%

Spring homebuilding season is here — and not a moment too soon. Privately owned housing starts surged to a seasonally adjusted rate of 1.739 million, up 19.4 percent from February’s revised rate of 1.457...

Good news: March housing starts soar 19%
The gains accounted for nearly a third of overall job growth. (iStock)
National

Construction, leisure & hospitality jobs rebounded in March

The leisure and hospitality industry bounced back in March, adding 280,000 jobs to the economy as hotels, restaurants and...

Construction, leisure & hospitality jobs rebounded in March
Bad weather was a factor in February's decrease in construction spending. (Getty)
National

Construction spending fell slightly in February

Thanks to bad weather and pricier materials, construction spending fell slightly last month — though it’s still higher than...

Construction spending fell slightly in February
Bolivar Development's Peter Fine and 401 West 218 Street. (Google Maps)

10 biggest new project filings in NYC

Multifamily developments made up the bulk of the largest new building filings last month, although the biggest application submitted to the Department of Buildings was for an educational facility in Inwood. The 10 largest...

10 biggest new project filings in NYC
NY contractors see rising costs due to COVID-19. (Getty)

Covid raising costs for New York contractors

New York contractors are seeing their projects set back by Covid outbreaks and shortages of personal protective equipment. About...

Covid raising costs for New York contractors

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