Real Estate News

The latest news about the residential real estate market in Boston and the surrounding areas

Housing Construction Booming in Boston

More and more cranes are visible in Boston’s skyline, representing the increasing amount of new housing construction throughout the city.

Only three months into 2016 and 565 new housing units have already been permitted according to the City of Boston quarterly housing report.

Currently there are 8,000 new housing units under construction throughout Boston, which is the highest amount of construction employment over the past 20 years.

This is no surprise to the growing housing construction considering the population is growing faster today than any other time in Boston’s history.

In a statement Mayor Walsh said, “Our population is growing faster today than at any time in our city’s history, and I’m committed to making sure that Boston stays affordable by meeting the demand of our growing city. By working across multiple agencies, this Administration is working everyday to bring new units on line at a variety of income levels, and we are seeing results.”

Since the ‘Housing a Changing City: Boston 2030’ plans were launched in October 2014 there has been a total of 17,183 housing units permitted or completed throughout the city.

Read the full report here. For more info on finding your new home in Boston contact us at contact@advisorsliving.com.

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