Boston Real Estate Investors Association

Availability of Lots for New Homes Drops Year-Over-Year

The number of available lots for new homes has decreased compared to the previous year.

According to the most recent New Home Lot Supply report from Zonda, in Q1 2024, there was a tightening of lot supply year-over-year across the U.S. The report notes that lot inventory remains “significantly undersupplied” in most markets, and this trend reflects the increased construction activity in recent quarters. Ali Wolf, the chief economist at […]

The number of available lots for new homes has decreased compared to the previous year. Read More »

Groom Construction Celebrates Completion of $14 Million Coolidge Corner Theatre Expansion

Groom Construction is proud to announce the successful completion of the $14 million expansion project at Coolidge Corner Theatre.

News / Boston REIA

Groom Construction, Co., Inc. has successfully finished the construction of the Coolidge Corner Theatre in Brookline, MA. The $14 million expansion project was officially unveiled at a ribbon cutting ceremony on March 26, 2024, and opened its doors to the public the following day. Working in collaboration with the award-winning architecture firm Höweler + Yoon,

Groom Construction is proud to announce the successful completion of the $14 million expansion project at Coolidge Corner Theatre. Read More »

U.S. Construction Spending Up 0.4% in September - Real Estate Investing Today

September saw a 0.4% increase in U.S. construction spending, according to the latest report from Real Estate Investing Today.

News / Boston REIA

According to a report by the U.S. government, total construction spending in September 2023 reached a seasonally adjusted annual rate of $1,996.5 billion. This represents a 0.4% increase compared to the revised estimate for August and an 8.7% increase compared to the same period last year. Residential construction also saw growth, with a seasonally adjusted

September saw a 0.4% increase in U.S. construction spending, according to the latest report from Real Estate Investing Today. Read More »

Callahan Construction to Complete Expansion of Continuing Care Neighborhood at Linden Ponds

Callahan Construction to Successfully Finish Expansion of Continuing Care Neighborhood at Linden Ponds

News / Boston REIA

BOSTON– Callahan Construction Managers has been awarded the contract to construct a new, $25 million two-story 59,000 SF continuing care neighborhood expansion at Linden Ponds, a retirement community managed by Erickson Senior Living in Hingham, Massachusetts. A groundbreaking ceremony took place on May 25, 2023, with the new residents anticipated to move in early 2025.

Callahan Construction to Successfully Finish Expansion of Continuing Care Neighborhood at Linden Ponds Read More »

Craig Chisholm of JM Electrical Appointed as the Construction Financial Management Association’s Board President

Craig Chisholm, a member of JM Electrical, has been appointed as the Board President of the Construction Financial Management Association (CFMA).

News / Boston REIA

Craig Chisholm BOSTON – JM Electrical announced that Craig Chisholm has been appointed as President of the Board for the Construction Financial Management Association (CFMA) New Hampshire Chapter. Chisholm brings extensive financial expertise and leadership experience to the nonprofit organization. He has served as the Director of Finance at JM Electrical and is also an

Craig Chisholm, a member of JM Electrical, has been appointed as the Board President of the Construction Financial Management Association (CFMA). Read More »

Housing Construction Plummets in August

News / Boston REIA

The U.S. government has released a report stating that privately-owned housing starts in August were at a seasonally adjusted annual rate of 1,283,000. This is 11.3% lower than the revised number for July and 14.8% lower than the same time last year. In August, there were 334,000 units in buildings with five units or more.

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Erland Construction Completes New Mixed-Use Property in Beverly, MA

Erland Construction Successfully Finishes New Mixed-Use Property in Beverly, MA

News / Boston REIA

Beverly, MA– Erland Construction has completed the construction of a new 6-story mixed-use property in Beverly, MA in collaboration with SV Design. Developed by Beverly Crossing, the Block at Odell Park is a 167,230-square-foot property that features 106 residential units, 9,000 square feet of retail space, and various amenities. Located in the heart of Beverly,

Erland Construction Successfully Finishes New Mixed-Use Property in Beverly, MA Read More »

Where are America’s New Home-Building Boomtowns?

News / Boston REIA

Realtor.com says not all corners of the U.S. are quite as “new-home parched” as others. They say there are many places across the nation where builders are putting up new homes to meet growing demand – especially in areas where the dollar stretches further. As you might have guessed, most of these locations are in

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America Has a Shortfall of 6.5 Million Single-Family Homes Thanks to Decade of Under-Building

News / Boston REIA

A new report from Realtor.com says a decade of under-building in America has led to a shortfall of 6.5 million single-family homes in the U.S. To come up with their conclusions, Realtor.com looked at household formation, housing starts, and home sales. They found that given how many households were formed between 2012 and 2022 the

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