New Construction News
Boston-area real estate’s latest downtown Lynn development is preleasing ahead of summer opening.
A new proposal could bring more than 150 apartments and a restaurant to Mattapan’s Blue Hill Avenue.
Low inventory and rising interest rates have reduced prospective homebuyer purchasing power.
Thirty-two of those units will be designated income-restricted.
A new multifamily development under construction in Wilmington hit a milestone as it topped off its vertical structure.
The Procopio Companies announced the project’s milestone for its new downtown area development.
Affordability and supply-chain issues continued to weigh on the sales of new single-family residences.
“More groundbreaking is welcome news for a supply-starved housing market.” — First American deputy chief economist Odeta Kushi
“Builders are entering 2022 with backlogs that they are having a hard time completing due to material and labor shortages, and new-home prices are sitting near a historic high.” — First American Deputy Chief Economist Odeta Kushi
“Production disruptions are so severe that many builders are waiting months to receive cabinets, garage doors, countertops and appliances.” — NAHB Chairman Jerry Konter