Because of the Independence Day holiday, this abbreviated post contains only the past week’s most essential news.
Here’s your chance to catch up with news included to inform, enlighten and perhaps even entertain you. To read about The Big Apple, check out the other of today’s posts and look for Out and About, which I postponed to bloviate on pressing news, early next week.
Construction activity rises, but new starts of residential building dip below previous two years
The value of construction projects commenced in New York City rose 15 percent in 2010 thanks to non-residential and public sector building, while new residential construction starts continued to slide, according to the New York Building Congress.
Residential projects worth $2.21 billion began last year, which was down from $6.03 billion in 2008, at the tail end of the construction boom, and $2.58 billion in 2009, according to the analysis.
Unsurprisingly, federal tax credit caused spike in last June’s sales
The U.S. tax credit for first-time homebuyers had more Continue reading