- REAL ESTATE EDUCATION
- GIVING BACK
Quarterly New Building Construction Pipeline Report: Q3 2020
December 11, 2020
The real estate and construction industries are powerhouses for New York City’s economy. Together, real estate and construction generate tax revenue that funds our City’s progressive public programs and create jobs that help grow the middle class. In fact, the real estate industry alone accounts for more than half of the tax revenue needed to run New York City. In 2018, the construction industry hit record employment when it reached 157,800 jobs in New York City.
The launch of our newest report – the Quarterly New Building Construction Pipeline Report – examines the new building job application filings submitted to the New York City Department of Buildings to better understand the state of development and its subsequent impact on the construction industry in the City.