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Article: Housing costs cuts studied.(reducing new housing construction cost in New York City, New York)
- Article from:
- Real Estate Weekly
- Article date:
- August 11, 1999
CopyrightCOPYRIGHT 1999 Hagedorn Publication. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The New York City Partnership recently released results of a year-long study on reducing the cost of new housing construction in New York City. The report - prepared by the New York University School of Law's Center for Real Estate and Urban Policy and delivered to the Partnership and the New York City Department of Housing Preservation and Development - makes a number of recommendations which, if implemented, could reduce the cost of new housing construction by up to 25 percent.
Currently, New York City has the highest cost for residential construction in the nation. According to R.S. Means Co., the costs of construction in New York is between 21 percent and 55 ...
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