A downtown Boston developer wants to change its current hotel project to residential, citing shifts in the hospitality industry and the impact it’s faced due to the COVID-19 pandemic.

“Caldwell is more than a place to live, it truly is an experience, and we designed the building to ensure a safe habitual lifestyle.” — Michael Procopio, vice president of development, Procopio Companies

After declining for years, the size of new single-family homes has begun to level off as consumers spend more time at home, a National Association of Home Builders analysis found.

The flight to the suburbs has become a growing preference for buyers, but renters are also finding respite in the outskirts of larger metro areas. That could help continue to drive new construction of apartments in suburbs across the country, according to a new report from Rent Cafe.

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.

“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

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

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.

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

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.

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

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

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

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

New housing starts numbers suggest that if you can’t buy it, then build it, according to one economist.

The National Association of Home Builders/Wells Fargo Housing Market Index is looking good, but could lumber prices stall the growth?