Source? NYC chronically under builds. It's ranked #35 in new housing construction: https://constructioncoverage.com/research/cities-investing-m...
Given how dense and populated NYC is (aka how many existing units there are), this metric isn't as meaningful. I believe the grandparent comment was talking about the raw number of units.
Actually, go to the bottom of the page you shared and look at the section titled "Full results", then sort by "Total new housing units authorized". Sadly, you will need to do some quick manual work to parse the results, because it sorts numbers as strings rather than as actual numbers. But you can clearly see from there that NYC is #1 in terms of raw numbers of new housing units. And that's data from 2021, and afaik NYC only increased those numbers significantly in the past 4 years.
Is the only way to access if new home construction will affect prices. NYC is chronically underbidding.
I am not trying to be snarky, I actually agree with you. I just simply don't have that data on hand right now. But I am aligned with you in suspecting that the rate of home building to job growth would be a better indicator of the real housing market change (as opposed to the ratio of new residential units/1k residents or, to a lesser degree, raw numbers of new residential units).
Even worse for the supply side crunch is that this high income population is not like the previous population in the sense that they aren't as sensitive to this given price level. So demand based responses to price increases aren't seen until the prices are truly bewildering due to the amount of disposable income available for some of these workers that could be spent on housing.
New York-Newark-Jersey City, NY-NJ-PA
~21 million people
2021: 59,383 total units
2022: 60,602
2023: 41,674
2024: 61,159
2025: 6,777
Houston-The Woodlands-Sugar Land, TX
~7.5 million people
2021: 69,007 total units
2022: 75,786
2023: 68,336
2024: 65,296
2025: 11,057
Dallas-Fort Worth-Arlington, TX
~8 million people
2021: 74,617 total units
2022: 77,501
2023: 66,725
2024: 72,319
2025: 9,836
Using Houston alone, NYC is not #1 in raw numbers and in 2025 so far is only permitting 60% as many units as a CBSA 3x smaller than it.
I don’t know if HOU/DFW are the CBSAs pumping out the most units nationally though, they just came to mind.
And how is their mass transportation going? As if houses alone are all that matters.
can clearly see from there that NYC is #1 in terms of raw numbers of new housing units
Are the original goalposts, housing supply alone is an important factor in the price of housing though fwiw.