Is NYC’s housing engine finally restarting? New residential permit filings jump in second quarter
Published on Jul 18, 2025
Residential permits are up 43% year-over-year as the new 485-x tax break takes effect. Most projects are capped at 99 units – just below the wage trigger in the new program.
Residential permits are up 43% year-over-year as the new 485-x tax break takes effect. Most projects are capped at 99 units – just below the wage trigger in the new program.
