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Construction Growth Looking Sturdy in 2013

NEW YORK CITY-New research by the New York Building Congress shows a steady first half of the year, leaving the city on pace to have a strong showing for all of 2013.

By Rayna Katz | Updated on September 10, 2013

NEW YORK CITY-2013 is poised to be a year of growth—on the construction front. A new study by the New York Building Congress—conducted with the analysis of McGraw-Hill construction dodge data—$7.9 billion worth of construction projects were started in New York City in the first half of 2013, a 10% increase from the first half of 2012, when construction starts reached $7.2 billion.

In another sign of increased building activity, the Building Congress found that $16.8 billion in projects were started in all of 2012, a nearly 10% increase from 2011, which saw $15.3 billion in construction starts.

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