New Construction

New-home sales rise in August
New-home sales rise in August

The seasonally adjusted estimate of new houses for sale at the end of July was 378,000, representing a supply of 6.1 months at the current sales rate.

What’s new in new construction
What’s new in new construction

Some supply-chain issues and price shocks have calmed in recent weeks. But the price volatility of core construction materials remains unsettling for builders trying to set their budgets.

Luxury condominiums coming to East Boston
Luxury condominiums coming to East Boston

The Elevated Companies 223 Saratoga development is slated to be completed this fall.

New-home construction falls in July
New-home construction falls in July

“The bright spot in an otherwise underwhelming report comes from the increase in the overall number of permits issued, which can signal how much home construction is in the pipeline.” — First American deputy chief economist Odeta Kushi

New project to bring more than 200 apartments to Billerica
New project to bring more than 200 apartments to Billerica

A new residential property in Billerica has opened its doors to its first occupants.

The Somerset multifamily residence coming to Winthrop
The Somerset multifamily residence coming to Winthrop

The Procopio Companies has broken ground on a new, 22,000 square-foot luxury, mixed-use development in Winthrop.

New-home sales drop 6% in May as median-sales prices increase again
New-home sales drop 6% in May as median-sales prices increase again

The seasonally adjusted estimate of new houses for sale at the end of May was 330,000, representing a supply of 5.1 months at the current sales rate, the U.S. Census Bureau and the Department of Housing and Urban Development reported.

Housing starts rise in May, but building permits fall
Housing starts rise in May, but building permits fall

Single-family housing starts were up 4.2% from April and 49.8% from May 2020, at 1,098,000, according to the U.S. Census Bureau and Department of Housing and Urban Development.

NAHB: Builder confidence sinks on rising materials costs, supply chain shortages
NAHB: Builder confidence sinks on rising materials costs, supply chain shortages

Increasing costs and declining availability of key building materials dampened builder sentiment, as higher costs have pushed some new homes beyond the budget of prospective buyers. 

Board approves shifting Kneeland Street hotel plan to residences
Board approves shifting Kneeland Street hotel plan to residences

The Boston Planning & Development Agency approved a request from developers to replace a previously approved hotel portion of their 150 Kneeland St. development with residences. 

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