Driven by Expiration of 421-a Tax Program in 2022, Most New Homes Completed in a Year Since 1965
Newly Permitted Housing Down Slightly from Recent Years, Showing Ongoing Need for Action to Address Housing Crisis
Department of City Planning (DCP) Director Dan Garodnick announced the update of the DCP Housing Database through the end of 2024, along with new tools to visualize housing production across New York City. 33,974 new homes were completed in 2024, reflecting the surge of permitting in 2022 prior to the expiration of the 421-a tax program – the most units completed in a single year since 1965. However, only 15,626 new homes received permits, a slight decrease from 2023, and pre-existing geographic disparities in housing production continued, with 10 community districts permitting as much housing as the other 49 combined. The passage in December of City of Yes for Housing Opportunity, the most pro-housing zoning change in New York history, sets the city up to reverse these trends and achieve more equitable housing growth.
“2024 was a banner year for housing production in New York, but we can’t rest on our laurels. That’s why the historic passage of City of Yes was so important, and why we’ll keep working to deliver the housing that New Yorkers need,” said DCP Director Dan Garodnick. “This updated, detailed data illustrates the progress we are making towards accomplishing our housing goals, and the work that remains to build a fairer, more affordable city.”
DCP also released two interactive visualization tools:
- NYC Housing Production Snapshot, 2024, breaking down housing production and the housing production pipeline, citywide and by borough
- Where is housing being added in New York City?, showing granular housing production at the community district, City Council district, and neighborhood tabulation area (NTA) level
These tools reveal deeply uneven housing production across the city: 19 community districts permitted fewer than 100 homes, with Manhattan Community District 2 (Greenwich Village, Hudson Square, Little Italy, NoHo, SoHo, West Village) and 12 (Inwood, Washington Heights) seeing net-negative units permitted. And even as the city reached record housing production in recent history in 2024, 13 community districts completed fewer than 200 new homes, with Manhattan Community District 5 (Union Square, Flatiron, Gramercy, Midtown South, Times Square) adding only 19 new homes. The Midtown South Mixed-Use Plan, which is currently in the public review process, could bring a needed boost to a portion of Manhattan Community District 5 where zoning today largely bans new housing.
The DCP Housing Database is the most reliable aggregated database of housing production in New York City, drawing on NYC Department of Buildings-approved housing construction and demolition jobs. It includes the three primary construction job types that add or remove residential units: new buildings, major alterations, and demolitions, and can be used to determine the change in legal housing units across time and space.
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