Construction starts in New York and New Jersey continued to climb this past year, with new projects reaching a value of $11.5 billion in 2015’s hot market—surpassing the $10-billion mark for the third year in a row.
A New York Building Congress analysis of construction data from Dodge Data & Analytics echoes that trend; the report shows spending last year reached $40.9 billion, a 53% increase from $26.7 billion in 2014 and more than double the $19.9 billion spent in 2013.