New York City is on pace to complete 50,000 new homes this year, according to newly released data from the Department of City Planning. In the first half of 2025, developers completed 25,674 residential units, putting the city on track to meet the 50,000 homes needed per year to reach Mayor Eric Adams’ “ moonshot ” goal of 500,000 new homes over the next decade. As first spotted by Crain’s , the projected total would far exceed last year’s 34,000 units , which marked the highest number of new homes built in the city since 1965 .

During the first two quarters of the year, Brooklyn led the five boroughs in completions, with 11,747 units, followed by Queens with 6,467, the Bronx with 4,593, Manhattan with 2,576, and Staten Island with 291. Completions include alterations, demolitio

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