NYC real estate
fromHoodline
14 hours agoYIMBY: 57,352 Proposed NYC Units in 2025
New York developers proposed over 57,000 new residential and hotel units in 2025, indicating a significant construction wave across the city.
Immigrant laborers play a key role in the housing pipeline, especially for the nation's top homebuilding metros, according to a new study from Harvard University's Joint Center for Housing Studies. Research showed a disproportionately high share of foreign-born workers active in the construction trades nationally in 2024. While immigrants made up one in five workers nationally, they composed one in three workers in the construction trades sector.
Less than a year after the Palisades Fire destroyed 6,822 structures, the first rebuilt home received its certificate of occupancy Friday in Pacific Palisades. The four-bedroom showcase home features fire-resistant design and took eight months to build after a two-month permitting process. Nearly 2,000 rebuilding permits have been issued across the Palisades and Eaton fire zones, with about 340 projects already under construction in Pacific Palisades.