New York State's construction sector has not fully recovered from pandemic losses, with 16,300 fewer jobs compared to pre-pandemic levels, marking a 4% decrease. Nonresidential construction spending, especially in New York City, remains significantly below 2019 levels due to remote work policies and decreased demand for office space. Consequently, construction firms have declined by 3% in 2024, the first drop in over a decade. Immigrants represent 61% of the construction workforce in the city, higher than the statewide share, which poses additional challenges for future labor supply and projects.
Spending on residential construction has rebounded since the pandemic, but nonresidential construction spending, especially in New York City, remains below 2019 levels and could continue to lag in the near future.
Nonresidential construction has improved but continues to be impacted by remote work policies.
New York is one of five states that have not recovered from pandemic job losses in the construction sector.
Immigrants held 61% of the jobs in the construction sector in the city in 2023, a much higher share than in the rest of the state and the nation.
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