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New York's population surges, but apartment construction hits the brakes

Building starts plummet further during first few months of 2025
Despite two consecutive years of population gains in New York, apartment construction is trending in the opposite direction. (CoStar)
Despite two consecutive years of population gains in New York, apartment construction is trending in the opposite direction. (CoStar)
CoStar Analytics
April 16, 2025 | 4:10 P.M.

Developers typically target markets with strong rental demand when building new apartments.

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