New Report On New York City’s Building Boom Finds 170,000 New Units Built Between 2000-2008—More Than Two and a Half Times The Amount Built In Previous Eight Year Period—Many in Areas of the City That Hadn’t Seen Large-Scale Building For Some Time

New York, NY – March 25, 2010 – (RealEstateRama) — A new report released today by NYU’s Furman Center for Real Estate and Urban Policy provides an in-depth look at the City’s recent building boom. The report, the State of New York City’s Housing and Neighborhoods 2009, also examines the state of mortgage lending in the City, highlights the state of immigrant New Yorkers and immigrant neighborhoods, and provides detailed data on housing and demographic trends in each of the City’s 59 community districts.