Report: Home Construction Spending to Slow
By Tom Acitelli
October 16, 2007 | 4:11 p.m
Crain's has the skinny on a New York Building Congress report that says that the pace of construction spending in New York City will slow in the next few years. Housing construction will slow the most--not surprising, one would think, given both the sluggish pace of sales in some parts of the city, a recent spate of foreclosures, and the tightening mortgage markets.
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