A slight uptick in building activity cut the number of lifeless plots across the city by 8% last month. Biggest drops were recorded in Queens and Staten Island, smallest in the Bronx and Manhattan.
As more projects were quietly restarted across the city last month, the number of stalled construction sites fell 8% from year-earlier levels to an average of 638, according to a recent New York Building Congress analysis released Wednesday.
The group noted that the number of dormant sites in the five boroughs have now either decreased or remained steady for 11 consecutive months, a sign that the market is stabilizing.
About The Staten Island Board of REALTORS® (SIBOR)
The Staten Island Board of REALTORS® (SIBOR) is the largest not-for-profit trade association in Staten Island, N.Y.
SIBOR exists to enhance the ability and opportunity of its members to conduct their business successfully and ethically; and to promote the preservation of the public’s right to own, transfer and use real property.
Comprised of over 1,800 members, SIBOR serves real estate agents, brokers and affiliated professionals throughout the borough and surrounding areas.
SIBOR is the provider of the Staten Island Multiple Listing Service (SIMLS), which works as a clearinghouse through which more than 250 local real estate firms exchange information on properties they have listed for sale. Together, its members participate in over 3,000 real estate transactions every year.
All SIBOR members belong to the New York State Association of REALTORS® (NYSAR) and the National Association of REALTORS® (NAR).
SIBOR may be reached at 718-928-3220 and visited online at http://siborrealtors.com.