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LIC, Astoria Housing Explodes

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Housing in Long Island City and Astoria grew faster between 2002 and 2008 than it did in the city as a whole, according to a new state comptroller's report. The housing stock in western Queens rose by 4.8 percent -- or 3,640 apartments -- compared to 3.6 percent in NYC overall. Much of the new housing is in the LIC waterfront Queens West development. And the borough might continue to beat the city on residential growth, despite a loss of industrial jobs, because most new residential projects have enough financing to keep going with construction. [Crain's]