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Real Estate Board of New York Inc.

01/27/2025 | Press release | Distributed by Public on 01/27/2025 09:13

Q4 2024 Construction Pipeline Report

In Q4 2024 there were 366 new building filings, reflecting a 12% increase from Q3 2024 when there were 326 filings, but a 58% decrease year-over-year. The spike in Q4 2023 was due to 501 of the 879 permits being for one- to three-family homes in Staten Island, likely driven by compliance with Local Law 154 of 2021, which prohibits the use of fossil fuels for heating and hot water in new one- and two-family homes by January 1, 2024.

REBNY 2024 Report ConstructionPipeline 24-Q4 v03

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Real Estate Board of New York Inc. published this content on January 27, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on January 27, 2025 at 15:13 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]

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