clock menu more-arrow no yes

Filed under:

Shovels Down

New, 1 comment

Construction spending in NYC totaled $27.4 billion in 2011, a 3.5 percent drop from 2010. Since the peak in 2007, construction spending has fallen 12 percent. As for the future, the New York Building Congress has a bit of a good news/bad news outlook for the industry. Good news: construction spending is projected to hit $28.8 billion this year. Bad news: it will then fall to $25.1 billion in 2013. [CurbedWire Inbox]