NEW YORK CITY-The continued strength of the multifamily market—and developers’ confidence in the sector—is evident in new research that shows a significant decline in stalled construction sites earmarked for residential projects and, to a lesser extent, mixed-use developments.

The number of stalled construction sites throughout New York City has dropped by 12% this month—compared to November 2012—to 610 from 690, according to a New York Building Congress analysis of New York City Department of Buildings inspection records. And the number of stalled sites citywide is on a steady decline: it peaked at 709 in November of 2010.

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