New York City’s Record-Breaking Residential Building Continues

New York–New York is experiencing its biggest residential building growth in decades, according to the city’s Department of Housing Preservation and Development.In 2007, New York City issued more residential building permits–31,918–than it had since 1972, BusinessWeek said. Seventy percent of the building permits in 2007 went to boroughs outside of Manhattan. U.S. Census Bureau records show that Brooklyn and Queens both received a record-high number of permits last year.