Summer Ends With Significant August Filing Uptick, 4,020 Units Added to Pipeline
The latest numbers from the DOB show a major increase in year-over-year filings for August, and 2015’s running total has once again surpassed 2014’s, after falling behind in July. In terms of raw numbers, New York City saw new building applications submitted for a total of 4,020 units this past August, more than tripling last year’s figure of 1,281, and putting 2015’s running total of new units at 23,165 as of 8/31, ahead of 2014’s 21,099.