Relevant:
- NYC Construction to Drop 20% This Year as Housing Work Stalls
- City Construction Set to Beat 2007 Peak
- New York City Capital-Spending Cut Risks Its Infrastructure, Builders Say
- New York Construction Employment May Plunge in 2013 as Spending Declines
- Residential Construction Spending Continues to Decline. Is That a Good Thing?
2010-08-03 — globest.com
"Amid the economic downturn, educational, healthcare and cultural institutions have outspent private sector office and multifamily owners on new construction starts across the city, the New York Building Congress says in a report released Monday. Richard T. Anderson, Building Congress president, notes in the report that demand for public and private institutions’ services is less dependent on the overall economy than the office and residential sectors, and he expects the healthy spending patterns to continue."
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