2009 is expected to turn out as a bad year for residential constructoin in New York City. After five consecutive years with more than 30,000 units constructed, at total of 6,300 are expected this year.
The predictions come from the New York Building Congress, an industry trade group. But, things are not as bad as they had expected, according to their recent report.
"Spending is down in just about every category, including hotels, office buildings and public works.
The bright spot is that the situation could have been worse, said Richard T. Anderson, president of the Building Congress. A year ago, the group forecast a 30 percent drop, with as many as 30,000 construction workers losing their jobs. It turns out, the report says, that the industry has lost 11,000 jobs this year.
'It's a declining construction market,' Mr. Anderson said, 'but not as much as we anticipated.'"

Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

Chicago’s Ghost Rails
Just beneath the surface of the modern city lie the remnants of its expansive early 20th-century streetcar system.

Amtrak Cutting Jobs, Funding to High-Speed Rail
The agency plans to cut 10 percent of its workforce and has confirmed it will not fund new high-speed rail projects.

Ohio Forces Data Centers to Prepay for Power
Utilities are calling on states to hold data center operators responsible for new energy demands to prevent leaving consumers on the hook for their bills.

MARTA CEO Steps Down Amid Citizenship Concerns
MARTA’s board announced Thursday that its chief, who is from Canada, is resigning due to questions about his immigration status.

Silicon Valley ‘Bike Superhighway’ Awarded $14M State Grant
A Caltrans grant brings the 10-mile Central Bikeway project connecting Santa Clara and East San Jose closer to fruition.
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