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NYC saw huge housing production slowdown in 2023: REBNY report

New York City’s housing production numbers plummeted in 2023, according to the Real Estate Board of New York, which placed the blame on the end of a controversial tax break for developers. The powerful trade group looked at foundation applications for new residential buildings submitted to the city’s Department of Buildings — which can indicate whether a project is heading for construction — . ....

New York , United States , Zachary Steinberg , Department Of Buildings , New York City , Real Estate Board , Mayor Adam , Rental Housing , Foundation Applications , Residential Buildings , Multifamily Buildings , Tax Break , Zachary Steinberg , Pplication Filings ,