New home being built in my area

[Connor B.]

How's it going everyone? My cousin and I are looking into doing some real estate investing and I came across some news the other day that new homes were going to be built near our area next year.  I was just curious as to wondering if there would possibly be anything illegal about knowing this information or anything of that matter just as a safety precaution and where i can find out more information about this building process.

Also, I assume that there most likely will be either foreclosed homes, homes for sale by owner, etc. around the new development area.  Would the building of these new homes help raise the price of homes nearby?

Thanks for any feedback and any other additional info that may help.