New Construction

NAHB: Expect more home construction in 2021
NAHB: Expect more home construction in 2021

The gap between sales and construction reached a record high in 2020, which likely means a slowing down in sales and growth in construction in 2021, according to a year-end report by the National Association of Home Builders.

New home construction momentum may set stage for ‘year of the home builder’
New home construction momentum may set stage for ‘year of the home builder’

“Nothing sells like a shortage. We have underbuilt new housing relative to demand for a decade. Building will have to exceed household formation for a number of years to reduce the housing stock ‘debt’ we have accumulated.” — First American Deputy Chief Economist Odeta Kushi

New residences coming in 2021 from Senné
New residences coming in 2021 from Senné

The group announced a series of new developments in the works in Cambridge and Somerville and several that are already on the market

Caldwell luxury apartments opens doors to residents
Caldwell luxury apartments opens doors to residents

Luxury apartment community, Caldwell, a 10-story mid-rise at 34 Munroe Street, in Lynn, is now accepting residents on its second, third and fourth floors and pre-leasing its upper floors.

Empty nesters find refuge at The Cove Hingham
Empty nesters find refuge at The Cove Hingham

Amenities at The Cove include a pet grooming station, fitness room, media lounge, socially distant work-from-home areas and a resort-style pool.

Jamaica Plain eco-friendly homes available for tours
Jamaica Plain eco-friendly homes available for tours

Tilia will include 30 condos ranging from 750-1,900 square feet with 1-2 bedrooms for the single level homes and 3 bedrooms for the duplexes.

Boston is a top city for commercial-to-apartment conversions
Boston is a top city for commercial-to-apartment conversions

See how Boston compares to other cities when it comes to apartment conversions.

Millstone Village finished in Medway
Millstone Village finished in Medway

The 80 available units in Millstone Village range from the $379,000 to $625,000 and will include single, duplex and triplex-style homes.

Parkway Apartments under construction in West Roxbury
Parkway Apartments under construction in West Roxbury

Construction of the Parkway Apartments was halted for two months due to COVID-19 and restarted in mid-May.

NAHB: Residential construction up in the suburbs nationwide
NAHB: Residential construction up in the suburbs nationwide

Small metro suburbs did the best in terms of construction with a more than 10% increase in market share over a year ago.

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