The move comes despite a slowdown in the single-family rental market. 

The brand will specialize in cottage-style homes with private backyards. 

The increase was driven by a 21.6% month-over-month spike in the rate of new multifamily construction. Single-family housing starts, meanwhile, slid 2.8%.

Month over month, home sales were down 3.5%, and the median sale price declined 1.2% to $335,000.

The strategic partnership will initially target developments in six metro areas where both companies have a “significant or growing presence”: Atlanta; Austin, Texas; Boston; Denver, Orange County/San Diego, Calif.; and Seattle.

Report finds luxury apartment search is at an all-time high both in Boston and across Massachusetts.

Areas hit hard by the pandemic could see a wave of zombie properties once the federal ban on foreclosures expires.

“Caldwell is a unique, first-of-its-kind community for Lynn, but the constant ever-evolving nature that the ‘City of Firsts’ is known for, confirms our initial vision that Lynn is ready for its closeup,” — Michael Procopio, Vice President of Development at the Procopio Companies

Amenities at The Cove include a pet grooming station, fitness room, media lounge, socially distant work-from-home areas and a resort-style pool.