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David Pfeffer Quoted in ENR New York on the Implications of the Construction Spending Uptick in New York City

July 17, 2017

Construction chair David Pfeffer was quoted in an ENR New York article, "Revenue on the Rise for Regional Firms," which highlighted the surge in construction activity and spending in New York in 2017. The article notes that the construction spending uptick has boosted industry employment. David said that "the pace of new construction, while adding to the employment numbers, has actually caused a shortage of experienced, skilled laborers." But he also pointed out that "lenders have begun tightening the spigot for financing of new projects as vacancy rates in both the office and residential sector level off." Engineering News-Record (ENR) provides engineering and construction industry professionals with news, analysis, commentary and data. Click here to read the full article.

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Pfeffer, David J. Partner, Chair of Construction Group Partner, Chair of Construction Group 212.216.8075 VCard