New home construction is climbing in the city, and we’re following.
We’ve compiled a definitive list of the most active residential construction neighborhoods in Manhattan, Brooklyn and Queens. Hell’s Kitchen (2,630 units), the Financial District (1,493) and Midtown East (1,177) were the top three hotbeds of building activity in Manhattan, whereas Downtown Brooklyn (2,112), Williamsburg (1,772) and Crown Heights (627) were the big winners in Brooklyn. However, the No. 1 neighborhood in all five boroughs was Long Island City, with a prodigious 4,547 housing units currently being built.
Residential construction spending in the city is estimated to increase by 50 percent in 2014, according to a report released last month by the New York Building Congress. This year, the housing sector is expecting to account for $10.2 billion in construction spending, up from 2013’s record high of $6.8 billion.
The figures below are taken from BuzzBuzzHome data as of August 28. First up, here’s an interactive map of New York City, highlighting the most active neighborhoods. The more units under construction in a neighborhood, the darker the color: