Spending on NYC Residential Construction Jumps, Extending Record

  • Housing on `epic' run with $14.9 billion to be spent in 2015
  • Projects shift to Brooklyn, away from Manhattan ultra-luxury

Spending on residential construction in New York City is likely to reach $14.9 billion this year, extending a record run that’s “nothing short of epic,” the New York Building Congress said in a report Thursday.

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