- Miller Samuel Real Estate Appraisers & Consultants - https://www.millersamuel.com -

[Three Cents Worth #279 NY] New York’s Building Boom Doesn’t Mean More Units For Sale

It’s time to share my Three Cents Worth (3CW) on Curbed NY [1], at the intersection of neighborhood and real estate in the capital of the world [2]…and I’m here to take measurements.

Check out my 3CW column [3] on @CurbedNY:

Now that I am fully recovered from Micro Week, I thought I would think a little bigger and present the Manhattan inventory picture by comparing new development and re-sales. I’ve charted it from the pre-Lehman high (PLH for those in the know) through the end of 2014 in two graphs. One shows the year-over-year change, and the other tracks inventory by units to help tell the whole story. Inventory was in a state of free fall for both types from 2009 through 2013, but in 2014 the picture clearly changed…



3cw3-19-15 [4]
[click to expand chart]


My latest Three Cents Worth column on Curbed: Three Cents Worth: New York’s Building Boom Doesn’t Mean More Units For Sale [Curbed [3]]

Three Cents Worth Archive Curbed NY [5]
Three Cents Worth Archive Curbed DC [6]
Three Cents Worth Archive Curbed Miami [7]
Three Cents Worth Archive Curbed Hamptons [8]