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Construction and Real Estate

Developed lots still in short supply (access required)

The abandoned Brookline subdivision near Northlake Mall, seen here in the developed but only partly built out Phase 1, might soon be revived with the construction of a 492-unit apartment complex on the vacant, undeveloped land that was to be used for later phases. Photo by Nell Redmond

A deficit in developed lots continues to restrict the construction of mid-range homes and rising development costs preclude the construction of entry-level homes, according to a first-quarter 2016 report by Metrostudy. “The fundamentals for a strong housing market – employment ...

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