Construction


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(NYC Housing Authority, Google Maps, iStock)

Navillus seeks bankruptcy protection from NYCHA lawsuit

Leaks in a public housing complex could force Navillus Contracting to return to its 2017 bankruptcy case. The beleaguered...

Navillus seeks bankruptcy protection from NYCHA lawsuit
Total size of New York construction sites is smallest since 2010. (Getty)

New construction projects off to slow start in 2021

New construction filings have been slowly bouncing back after last year’s pandemic-related slowdown, but the recovery isn’t totally smooth....

New construction projects off to slow start in 2021
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

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