Buoyed by a still-strong construction market in New York and New Jersey, the 50 firms ranked on ENR New York’s Top Contractor list this year were able to boost total revenue 6.9% to $2.1 billion based on 2015 figures. The top five firms posted a combined $1 billion this year, a 4.9% increase from last year’s $973 million. Turner Construction Co. took the No. 1 spot for the second year in a row, with AECOM, Structure Tone, Skanska USA and Lendlease again rounding out the top five.

Continued strength in residential construction, particularly in New York City, was a key catalyst. The city’s Dept. of Buildings issued 56,528 residential permits in 2015, a nearly 180% increase over the total in 2014, according to the New York Building Congress.

“Given the number of residential buildings already in the pipeline and the breath of demand throughout the five boroughs, it seems clear that the residential sector will continue to be a solid source of construction activity in the coming months,” Richard T. Anderson, Building Congress president, recently announced.

Among the current residential buildings under construction are two Lendlease projects—220 Central Park South and 250 South Street. The latter project, developed by Extell, is expected to be more than 50 stories high with an affordable housing component and retail space.