According to the New York Building Congress Construction Outlook, "New York City is in the midst of its second and most robust building boom of the 21st century, experiencing continued growth in residential development, as well as a significant expansion in public capital investment.
Record spending was especially boosted by the ongoing construction of massive non-residential buildings throughout the five boroughs.
2018 construction spending highest in New York City history at $61.8 billion.
NYBC forecasts over 177 billion in construction spending over three-year span.
New York City construction employment is poised to increase for the seventh consecutive year and surpass 150,000 jobs for the second year in a row".
For the complete 2018-2020 NYBC Construction Outlook, click here.