Mayor Trumpets Building Boom, But We’re Still Bursting at the Seams [New York City]
Record-breaking levels of home construction still aren’t enough to house the massive influx of residents pro-jected by 2030.
Pity popular New York City. Unlike many other American metropolises (Detroit, Philadelphia, even Cleveland), the city’s population keeps growing steadily, so much so that not even record new-home construction numbers can keep up with the rising demand.
Politicians and the press made much in recent weeks of new census data that shows a lot of permits for building privately owned homes were issued in the five boroughs in 2006—just like in 2005!
“The data shows that the pace of housing construction remains strong in New York City,” a City Hall press release crowed. “The years Mayor Michael R. Bloomberg has been in office saw the highest five-year total … since 1965.”