New Construction News
Construction is set to begin on the development of a city-owned property on Talbot Avenue in Dorchester.
A Boston-based design and architecture firm announced the completion of the city’s first internationally certified Passive House single-family home project.
A developer has filed a letter of intent to redevelop a South Boston site to bring a multi-family mixed-use building to the neighborhood.
Single-family home permits and completions, meanwhile, also rose, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.
Low inventory and high demand are buoying builder sentiment in the face of several headwinds.
Fenway Corners will include eight mixed-use buildings with office space, labs, residences, retail and restaurants.
Demand for newly built homes has remained strong as high interest rates keep many would-be sellers of existing homes off the market.
The larger-than-expected increase comes as homebuilder sentiment rose for the sixth month in a row.
A shortage of existing inventory continues to drive buyers to new construction.
Single-family permits also posted a gain, indicating even more new homes are headed to today’s supply-constrained housing market.
Homebuilder optimism was buoyed by continued shortages of new housing inventory, the National Association of Home Builders reported.
Ashlar Park, developed by FoxRock Properties and managed by Bozzuto, is a five-building apartment community on 15 acres on the site of the former Quincy Medical Center.
Oxford Properties Group and Pappas Enterprises Inc. filed a letter of intent with the Boston Planning & Development Agency on April 28 for the development at 300 W. First St. and 647B Summer St.
U.S. government data shows builders increased the pace of single-family home construction while slowing the pace of multifamily starts.
The National Association of Home Builders/Wells Fargo Housing Market Index rose for the fourth month in a row in April as the construction industry remained “cautiously optimistic.”
Boston-based RISE has announced the completion of its new condominium community at 238 Webster St.