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A Good Year for the Hardhats

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The New York Building Congress has completed its annual review of the city's construction spending, and the results: not bad, 2010. There were $19.5 billion worth of construction projects started last year, up 15 percent from 2009. Work on new construction, as opposed to renovations, also increased. No thanks to the residential market, though. Most of the increase came from office, hotel, and institutional projects, while residential construction dropped 14 percent. [CurbedWire Inbox]