It’s a slow day for real-estate news, but The New York Sun has an article today on the construction boom in New York City. Interesting quote from Deputy Mayor Daniel Doctoroff: “I think we are in the midst of, arguably, the greatest building boom in probably the period since World War II.”
The paper follows up with an editorial calling the boom “one of the mayor’s great successes.”
But The Times, in an AP report, tells us of a cooling housing market. Of course, that’s nationally.
-Matthew Grace