N.Y. Building Congress: NYC's total construction spending in 2013 to rise 14%

New York City's total construction spending this year -- estimated to reach $31.5 billion -- represents a 14% increase over last year, according to the New York Building Congress. The surge is expected to create "4,200 high-paying jobs" in the sector, one article notes, thanks to post-Sandy construction, a surge in residential construction and two mega-development projects. Forecasts indicate that "if 2015 construction spending matches the forecast of $37 billion, the volume of work produced would be right in line with numbers at the height of the building boom, even factoring in inflation."

View Full Article in:

GlobeSt.com · Crain's New York Business · International Business Times

Published in Briefs: