Even with the increase, apartment construction is still down 19 percent from its level a year ago.
As the industrialization of the island grew, the 20th century brought apartment construction to house the new workers.
But apartment construction rose 6 percent, to $21 billion.
During the past year, the city has seen a spate of new apartment construction, the first in about a decade.
The report also showed strong growth in the construction of apartments, a sign that high interest rates are beginning to affect the housing market.
The construction of new apartments has been put on hold until a full excavation is completed.
The apartment construction began in late 2011 and was completed in early 2012.
The late 1960s experienced a large growth in new apartment construction throughout the United States.
After the financial crash in 1899, construction of apartments was almost completely halted.
However, recent years have seen the construction of expensive apartments and condominiums.