Tag Archives: new housing construction

NYC’s tax revenue soars, while job market faces its own challenges

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Real estate-related taxes soared to an all-time high of $37 billion last year. That figure is expected to climb even higher to $40 billion in 2025, according to a REBNY report. Continue reading →

Housing starts see biggest increase since 2016

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Housing starts were at a seasonally adjusted rate of 1,631,000 for May — a 21.7 percent jump from April and 5.7 percent higher than the levels recorded in May 2022, according to U.S. Census Bureau data. Continue reading →