New York City saw the highest number of housing completions in nearly six decades in 2024, with 33,974 new homes built, according to updated figures released on Monday by the Department of City Planning.
However, new housing permits declined slightly, raising concerns about future production, according to a press release. DCP Director Dan Garodnick emphasized both progress and ongoing challenges in the city’s housing landscape.
“2024 was a banner year for housing production in New York, but we can’t rest on our laurels,” Garodnick said. “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.”
While overall production hit a historic high, the agency said there were significant disparities. Only 15,626 new homes received permits in 2024, a decline from the previous year. Ten community districts accounted for as much housing permitting as the other 49 districts combined, reinforcing long-standing imbalances.
Additionally, 19 community districts permitted fewer than 100 homes, with some, including Manhattan’s Community Districts 2 and 12, experiencing a net loss in permitted units. Even with the record completion figures, 13 community districts finished fewer than 200 new homes, with Manhattan’s Community District 5 adding just 19 units.
The DCP also released two interactive 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
The updated DCP Housing Database serves as the city’s most comprehensive resource for tracking housing production, as it includes data on new buildings, major alterations and demolitions to track changes in the city’s housing stock over time.
