Many forces drive the housing crisis here and the sky-high cost of construction is one of the most powerful
This series was reported by Tim Logan, Catherine Carlock, Mark Arsenault, Andrew Brinker, Stephanie Ebbert, Diti Kohli, and Rebecca Ostriker. Today's story was edited by Patricia Wen, and written by Carlock and Logan.
Published December 22, 2023
The modular high-rise in Somerville represents one of a growing number of experiments to tackle an overlooked but increasingly dominant force behind Greater Boston’s astronomical rents and home prices: the enormous cost of new construction. In a business where time is money, that’s a huge difference, the sort of factor that just might jumpstart construction and begin to put a dent in the region’s massive housing shortage. Aaron Gornstein, a former top state housing official who now leads POAH Inc., the developer of Clarendon Hill, said this approach could be a game-changer. If it can be repeated elsewhere.
“And we don’t know that yet,” he said.
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