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Carlo A. Scissura Carlo A. Scissura, president and CEO, NYBC welcomes guests at the organization’s industry breakfast at New York Hilton Midtown/ Photo credit: NYBC

NEW YORK CITY—Construction continues to boom with a forecast that spending will reach $61.5 billion, a new record high for the city, according to the Construction Outlook 2018-2020 report authored by the New York Building Congress and the New York Building Foundation. The report states this spending reflects a 25% increase from last year. It also notes employment gains with the workforce almost at 158,000 this year. However, construction spending is expected to dip to $59.3 billion in 2019 and $56.4 billion in 2020.

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Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

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