Article: NYC metro area led nation in apartment construction in 2000: a strong condo market and improving local economy made Miami the No. 2 market for apartment construction.

The New York-Northern New Jersey-Long Island Metropolitan Statistical Area (MSA) led all metropolitan area markets in permits issued for apartments (structures with five or more units) in 2004 with the approval of 22,754 units.

Recovery is occurring in the Manhattan rental and condo/co-op markets, and the rental markets have strengthened in the Northern New Jersey and Nassau-Suffolk areas. A stronger rental market in the Greater New York area is due to expanding economic activity. Nearly 108,000 jobs were added in the MSA over the year-period ending in December. North New Jersey garnered more than half of the employment gains, but the area that met the former ...

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