From The Real Deal:The number of residential permits issued by the New York City Department of Buildings rose by 19 percent in 2012, according to an analysis of U.S. Census data released by the New York Building Congress.
The DOB issued permits for 10,599 units in 1,011 buildings in 2012, compared to 8,936 units in 997 buildings in 2011. The 2012 number represents a 75 percent increase since the 2009 recessionary low of 6,057 units, but is still some ways away from the 2008 peak of 33,911 permits. Eighty-six percent of all permits issued were for multifamily residences.
Brooklyn and the Bronx saw the biggest gains, with a more than 100 percent increase in both boroughs. The number of permits issued in Brooklyn went from 1,522 units in 2011 to 3,353 in 2012, while the number of permits issued in the Bronx went from 1,116 in 2011 to 2,552 in 2012. Activity in Manhattan remained stable, going from 2,535 in 2011 to 2,492 in 2012, and Staten Island saw a modest increase, going from 581 units in 2011 to 673 in 2012. Queens was the only borough that saw a decrease, with the number of new permits dropping to 1,529 in 2012 from 3,182 in 2011.
8 comments:
That's a hopeful sign.
Now, where will the political candidates get their cash from, now that building is at a low ebb?
Developers aren't going to be as generous as before, to dole out dollars.
Of course permits are down...nearly all open space in Queens has been overdeveloped for the past 2 decades.
That is because the Vallones and Borough Hall are in election mode.
Everyone is still collecting their check, but the rest of us are on ice until they sort out the next four years and who is doing what to whom.
No duh, there's a not a patch of dirt to build on left in Queens.
The villainous Vallones!
Peter & Paul the plunderers!
Loyal lobbyists to the developers!
Oh no the world is going to end. Less cookie cutter brick crapboxes are being built in Queens. What are we going to do?
Ominous development:
'Honest Joe' Crowly is making nice with the Vallones.
Thats because they are doing the work without permits at night and on the weekend
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