Construction workers on the site of a new apartment building along the East River, part of a development at the former location of a Domino Sugar factory, in the Brooklyn borough of New York, New York, USA, 09 February 2023. Recent data released by the United States Commerce Department showed a drop in permits for new homebuilding projects to a 2-1/2-year low, showing a weak housing market in the near future and a possible indicator to economists of a recession risk.