New York City Hasn’t Built This Many Apartments Since 1965
paywall: https://archive.ph/RXVud
submission statement: New York City added 38,682 apartment units last year, the most since 1965, driven by steady job growth, high rents, and new zoning and tax incentives. Despite soaring construction costs, developers remain optimistic due to sustained rent growth in the unregulated market. However, the city’s housing shortage persists, with an estimated 400,000 homes needed to meet demand.