Work has stopped on 515 formerly active construction sites throughout New York City�s five boroughs, according to a New York Building Congress analysis. Inspection records for the New York City Dept.. of Buildings inspection record showed that as of November 29 the number dropped slightly from the beginning of the month, when 531 stalled projects were reported. This reverses a trend in which the number of stalled building projects was accelerating.
The DOB first began tracking stalled sites back in July. While no breakdown of building type is available, almost all of the stalled projects are residential developments. In July, the DOB identified 398 projects on hold and a 17% increase in the number of stalled projects since September, in which 444 projects were reported as being stalled.