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Is new construction nearby generally good?

I bought a townhome a few months ago near some houses that were a bit more rundown. It's like half the street is nice homes and townhomes and the other half is rundown homes. This area is right on the outskirts of a very expensive area thats been getting more busy. I started hearing construction early in the morning a few days ago and looked it up. They're building over 40 3 story townhomes and 40 2,800+ sqft single family homes right next to our community and all the way down to the next street and getting rid of the rundown homes. How long does it typically take them to build all this and will it be good for my townhome ?

submitted by /u/ZealotOfCannabis
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source https://www.reddit.com/r/RealEstate/comments/ltd4i3/is_new_construction_nearby_generally_good/
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