Housing Construction Plummets in August
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. […]
Erland Construction Successfully Finishes New Mixed-Use Property in Beverly, MA
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, […]
Where are America’s New Home-Building Boomtowns?
[ad_1] 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 […]
America Has a Shortfall of 6.5 Million Single-Family Homes Thanks to Decade of Under-Building
[ad_1] 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 […]