January to March Archives - Rava Realty

NYC Builders Press on the Gas Pedal

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Based on information gathered from permit applications submitted to the Department of Buildings, builders across the city collectively filed 19,819 residential and hotel construction units from January to March, marking the highest count for any such period since YIMBY began monitoring the data in 2020.

Of the 1,044 new building permits57 were designated explicitly for high-rise constructions spanning ten stories and beyond. These developments are poised to enhance the city’s skyline and add essential density to areas characterized by pedestrian-friendly environments and transit-oriented communities.

(source: ...

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