At the same time, builder sales expectations for the next six months posted their second-largest drop since the sentiment index started in 1985. 

New buildings in Boston will be required to achieve net zero carbon emission standards before opening due to a new zoning amendment.

The median-sales price slid from $425,600 in October to $402,600 last month. 

Multifamily construction, meanwhile, rose on a monthly basis. 

The Avenue will feature a mix of high-end retail and hospitality venues, plus 50 upscale residences priced from just under $3 million. 

The median price of a new home sold during the month was also up, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. 

Multifamily starts, meanwhile, declined, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development said.    

A grand opening ceremony was held for the eight-story Amazya building, bringing the first 475 residential units to the project.

Construction is set to begin on the redevelopment of senior housing into a new affordable housing development in Salem. 

The 716,000 per-year rate of new-home sales topped the consensus estimate of 700,000. 

July’s seasonally adjusted annual rate of 739,000 represented a 10.6% jump from June’s upwardly revised rate of 668,000. 

A developer has received the approval it needed from Massport to build a housing development at the former Boston Edison Power Station on Summer Street in South Boston. 

New-home construction jumped 5.7% month over month after a soft March, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. 

Declining interest rates spurred the increase. 

A redevelopment project proposal that would bring a six-story building with 230 apartments to Roslindale’s Arboretum Road is one step closer to approval.

A new development project will bring more than 1,400 residential units to Dorchester, including income-restricted and senior-living residences.