Development costs cripple both builders and buyers

By Jennifer Smith, Dorchester Reporter Staff

As the already-high cost of development in Boston continues to rise, it is threatening to eclipse the possibility of a stable Greater Boston housing market, according to the Boston Foundation’s 2015 report card, which was released last Friday.

Unless the city becomes more welcoming to higher-density building, housing in the area is likely to be all but unaffordable, the report asserts.

Building in Boston is hampered by a combination of prohibitively high construction costs and the price of desirable land, according to the report authored by Northeastern University professor Barry Bluestone and his team at the Dukakis Center for Urban and Regional Policy.

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