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Banks: Accurate census will help NYC thrive for generations

City Planning Commission Chair, Marisa Lago, recently visited REBNY with a reminder about an upcoming task that is critically important to the future of New York.

Although the real work is two years away, U.S. officials have already begun preparing for the job of fairly and accurately counting every person in the United States for the 2020 Census.

As the government agency in charge of the count, the Census Bureau continues to lay the groundwork for the constitutionally mandated effort.

It is obviously critical for the government to know just how many people currently live in the United States, and where. This forms the basis of benchmark surveys for governments, businesses, universities, polling agencies, researchers, and numerous other institutions.

This data helps public policy experts to better understand population changes over time.

Moreover, the demographic data included in the census forms the bedrock of governmental decisions that affect every single American. When deciding where to build a new road, for example, census data is taken into consideration.

And this is not just limited to roads – it also informs the location of new schools, health care facilities, child care facilities, and senior center facilities to determine where new utilities are needed.

For a municipality as dynamic as New York City, understanding the demographic changes in our city is of crucial importance.

After the last update to the 2010 census, in 2016, officials learned that the city is in the midst of a population boom the likes of which it hasn’t seen for over 50 years.

That growth in population extends to all five boroughs.

That data can be used to make future projections, all of which will help attract new businesses, inform new investment, and help create a better New York City that can serve the needs of each and every citizen – now and in the years to come.

Like every other public policy issue, the census is important to the real estate industry.

As the city continues to debate critical issues around land use, the production of housing to meet demand at every income level, transportation improvements, and other city planning matters, these debates should be informed by accurate data.

And on a smaller scale, the census can help developers, brokers, and property managers to better understand their blocks, neighborhoods, and cities – and, as such, make more informed and educated business decisions that will better serve New Yorkers.

It goes without saying that this process is duplicated in towns, municipalities, counties, and states across the United States. Better data about and accurate headcounts of the people who drive on American roads and live and work in American towns and cities helps to make those localities even stronger.

There is nowhere in America where that is more true than the ever-changing New York City.

Understanding who lives in our city, and where, is essential to maintaining New York’s status as the greatest city in the world.

In Other REBNY News

Learn how to develop your own economic model and utilize prospecting and marketing tools to generate business at our free for members Breakfast Club Seminar, “How to Do 100 Sales and 100 Rentals in A Year”. The seminar, sponsored by Citibank and presented by REBNY’s Residential Education Committee, will be led by Ari Harkov of The Harkov Lewis Team at Halstead Property on Tuesday, March 13th from 9:30 – 11:00 a.m. at REBNY’s Bernard H. Mendik Education Center. Register online.

Join us at our bi-annual Members’ Luncheon on Monday, March 19th from 11:45 a.m.-2:00 p.m. at the New York Hilton Midtown. Led by Bruce Mosler, Cushman & Wakefield’s Chairman of Global Brokerage, our distinguished panel will explore the shifting forces, regulations, and costs of doing business that are impacting strategies to drive value in our market. “The New Path to Value: Mega Trends in NYC Real Estate” panel discussion will feature: Ric Clark, Senior Managing Partner and the Chairman, Brookfield Property Group and Brookfield Property Partners; Laurie Golub, Chief Operating Officer, Square Mile Capital Management LLC; Jeff Levine, Chairman, Douglaston Development; and Isaac Zion, Co-Chief Investment Officer, SL Green Realty Corp.

Purchase your table/tickets online to attend this event sponsored by Eastern Consolidated, Jack Resnick & Sons, and Newmark Knight Frank.

For more information and sponsorship opportunities, email Julian Speakes at

REBNY will also announce the recipient of our 2017 Most Promising Commercial Salesperson Award at the Spring Members’ Luncheon.
This year’s nominees are: Conor Sullivan, Associate Director, Colliers International; Chad Sinsheimer, Senior Director, Eastern Consolidated; Evan Fiddle, Senior Associate, CBRE; and Christine Colley, Director, Cushman & Wakefield.

Learn how to establish trust, set and manage expectations, establish loyalty, and build winning systems at our next Sales Agent Book Camp, “Winning the Deal: From Pitches to Closing,” featuring Brian K. Lewis of Compass. The event on Tuesday, March 20th from 9:00-11:00 a.m., is presented by our Residential Education Committee and sponsored by Bank of America. Register today.

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