2017-2018 Biennial Report

Research and Analysis

The Building Foundation has made research and analysis a central part of its activities in an effort to serve the industry and contribute to public debate on issues concerning design, construction, and New York City's economic future.

Widely recognized for their timely, reliable information and astute analysis of trends and issues impacting the industry, Building Foundation publications are frequently quoted by public officials as well as in news articles and editorials published by virtually every daily newspaper in New York City and in leading trade and business publications.

New York City Construction Outlook: 2016-2018

The Building Foundation and its parent organization, the New York Building Congress, have sponsored 16 installments of the New York City Construction Outlook series, an annual forecast and analysis focusing on three years of construction spending and employment.

Circulated among industry and policy circles, the forecast serves as a barometer for the city's economic strength. The 2016 edition forecasts New York City construction spending of $43.1 billion in 2016. This would mark the first time in city history that construction spending has eclipsed the $40 billion mark and represents a 26 percent increase from 2015, when spending reached $34.3 billion. The Building Congress anticipates the current building boom to continue, with $42.1 billion in construction spending projected for 2017 and $42.3 billion in 2018.


The Building Foundation and its parent organization, the New York Building Congress, have sponsored 16 installments of the New York City Construction Outlook series, an annual forecast and analysis focusing on three years of construction spending and employment.

New York City Construction Outlook Update Series

To supplement the findings of the annual New York City Construction Outlook report, the Foundation developed the Construction Outlook Update series, which accesses the latest data on a range of key building industry indicators to provide a monthly snapshot of conditions and trends affecting all sectors of the industry. The publication, which blends raw data with timely commentary, examines such areas as construction starts, employment, economic impacts, residential spending, and workforce demographics, as well as the outlook for commercial and institutional development.

Special Reports

Building Innovation

The Building Foundation contributed to the research efforts of Building Innovation, a report that highlights the work and recommendations of the Building Congress Task Force on Innovation and Best Practices, which spearheaded a wide-ranging initiative to promote construction innovation and improve the way New York City builds. The Building Congress prepared the report to illustrate the potential for meaningful change in how the city's built environment is designed and constructed. Building Innovation is intended to inspire continuing, collaborative discussions across industry sectors to share lessons learned and best practices, as well as encourage the development of a culture of innovation within the building community.

Building a Better NYC Capital Budget

In Building a Better NYC Capital Budget, the Building Congress, in partnership with the Building Foundation, addresses New York City's growing infrastructure needs and recommends specific strategies government can take to meet them. The report offers common sense recommendations for improved capital planning, project delivery, and revenue generation, including the adoption of new user fees to be dedicated solely to infrastructure investments.