The New York region construction market was on the upswing in 2015, anchored by a red-hot residential market in New York City.
According to New York Building Congress, construction spending in the five boroughs rose 10% last year from 2014, reaching $39 billion. Spending is expected to increase in 2016 , particularly in non-residential starts, up from this year’s $11.6 billion to $15 billion.