Sales of new homes in the U.S. jumped 28.8% between July and August, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.  

New-home construction posted a 12.2% month-over-month increase in August, thanks in large part to a significant jump in multifamily building.  

The median price of a new home sold during the month was up 5.9%, however, according to figures from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. 

At the same time, the inventory of new homes for sale rose 10.7%, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported.

The pace of new multifamily construction, however, jumped, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.  

The university is also committing $25 million to establish an Allston-Brighton Affordable Housing Fund.

New-home inventory rose to 444,000 homes in May from 437,000 homes in April, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported.  

New-home completions rose during the month, however, with the increased inventory representing a rare bright spot in an otherwise gloomy government report. 

A Boston Planning & Development Agency-owned piece of land in Boston’s Chinatown neighborhood will soon be home to 100 units of affordable housing and a new Boston Public Library branch.

The rate of new single-family home sales fell 16.6% from March’s revised number, while the median sales price jumped to $450,600 from March’s revised median house price of $435,000. 

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.