Rappaport, Glass, Greene, & Levine Blog

Construction Prices Going Up?

According to a report by the New York Building Congress, the cost of construction in New York is going up about 1% a month.

The report blames the rising price of materials, high demand for labor, poor project planning and extensive regulations.

We can certainly believe that. At least the part about the poor project planning. The recent crane collapses have been a tragic illustration of the lack of oversight and proper inspections.

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