NEW YORK CITY—The New York City Department of Buildings has authorized construction of 20,329 residential units in 1,513 buildings in 2014, an 11% increase in terms of units from 2013. In 2013, permits were issued for 18,378 units in 1,383 buildings, according to a New York Building Congress analysis of U.S. Census data. Brooklyn remains the hotspot, of the five boroughs, being the place were the most permits were pulled for the third consecutive year.

This marks the fifth consecutive year that the number of authorized residential units city-wide has increased from the previous year. In addition to the double-digit percent increase from 2013, the number of permits issued in 2014 was up 84% from 2012, when 11,034 permits were issued, and up 241% from a post-recession low of 5,953 units in 2009.

Despite the continued resurgence in the housing sector, residential permits remain far below the levels attained between 2005 and 2008, a four-year period in which the DOB issued permits for more than 30,000 units annually. At its 2008 peak, the DOB issued permits for 33,170 units in 2,299 buildings.

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David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.