I mean the development boom is literally still here. There is a crap ton of new housing under construction or just a few months away from leasing, and many more other projects in the neighborhoods that are stabilizing the city.

If you are asking why havent we seen more towers under construction at the moment, it might have to do with the interest rates on borrowing money going up/potentially a more planned slow down by the city and developers to not swarm the city with too much construction and new housing as that can kill any positive growth the city has seen over the last few years.