The demise of the controversial 421-a tax break hasn’t eliminated interest in residential building in the city, but it has reduced it to a level not seen since the financial crisis.The top of this business cycle?
That’s the bottom line on this week’s release of the latest building-permits data by the U.S. Census Bureau.
Sunday, August 28, 2016
NYC Building permits fall dramatically . The projected total in the city for 2016 is 13,000; last year permits topped 56,000.
Crain's New York reports:
Posted by Steve Bartin at 1:28 PM