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Construction spending falls in NYC, but outlook is positive

November 5, 2021

As COVID-19 continues to impact the construction industry, New York City faces an uncertain near-term economic future, according to the report. Delays in the federal infrastructure bill are also not sparking much optimism, it said.

But Carlo Scissura, president and CEO of the New York Building Congress, remains positive on the outlook for contractors that do business in the Big Apple.

“It will be the second-highest three-year period in the history of New York construction, which is phenomenal,” said Scissura. “The highest [level] was the two or three years before the pandemic.”

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