Why It Matters that Recently Sold Mass. Homes Are So Old
The rising age of homes sold in Massachusetts is a sign of how far housing production has fallen in the state’s biggest metro areas.
The rising age of homes sold in Massachusetts is a sign of how far housing production has fallen in the state’s biggest metro areas.
The rise in June put home construction at a seasonally adjusted annual rate of 1.64 million units, the Commerce Department reported Tuesday.
Things are going from bad to worse when it comes to housing production in Massachusetts. And it comes as the dearth of both new and existing homes on the market is starting to push prices, already far too high, to truly insane levels.
A Springfield golf course manager was indicted by a federal grand jury on charges of stealing money from municipal golf courses and using the funds to build houses.
The townhouse sector is growing faster than any other. Builders started work on some 120,000 townhouses last year: a 15 percent jump in production over 2017. But some builders are going smaller yet.