Construction Spending 1995-2010
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Construction Spending 1995-2010
New York's record building boom will have one more fairly good year before coming to a halt in 2010, when the effects of the current financial crisis will push construction employment to its lowest level since 1997.

The number of construction jobs will nosedive from its peak of 130,100 this year to 100,250 in 2010

By 2010, builders are expected to create only 18,500 new residential units in the five boroughs — nearly a 50% drop from the record 35,700 units this year.