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Building permits have also jumped.
Building permits have also dropped.
At the same time, building permits slipped 1 percent.
Building permits, a proxy for future construction, jumped 10.9 percent.
Citywide building permits are at their highest in five years.
Residential building permits are strong and housing construction surges.
Rents have quadrupled, and building permits have increased sixfold.
There are eight open building permits on the site.
The department issues about 161,000 building permits annually.
"We don't like moratoria that affect building permits," he said.
Building permits rose, and the money supply expanded.
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