City Reports Uptick In Number Of Construction Permits
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The city's struggling construction industry may be slowly coming back to life.
The Department of Buildings says there's been about a 12 percent increase in the number of permits for new buildings, demolition and other construction.
"More building permits equal more construction spending which means jobs, and what we're seeing is, is we're seeing an uptick, and that's good for the economy right here at home in New York City. So we're hoping that this trend will continue for the next six months," said DOB Commissioner Robert LiMandri.
According to the DOB, there have been 4,500 more permits handed out this year compared to this time last year.
Despite the improvement, the numbers still remain about six percent lower than the first half of 2008.