The pace of new-home construction was higher than economists expected, even as homebuilders expressed concern about the impact of tariffs and supply-side challenges. 

Regency Development Group expects to break ground on the 24-residence community in the fourth quarter. 

The 55-condominium tower is almost 60% sold and slated to open in spring 2026. 

At the same time, the median sales price for a new home hit its highest level since 2022, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.   

South Florida real estate has long led the nation in international investment. South Florida Agent recently spoke with one of Miami’s biggest developers, Fortune International President and CEO Edgardo Defortuna, about the current market.

At the same time, builder sales expectations for the next six months posted their second-largest drop since the sentiment index started in 1985. 

The 17-story luxury condo tower is over 75% sold.

Ocean580 will bring 17 residences priced from $4.67 million to market, with delivery expected in winter 2027. 

ONE Sotheby’s International Realty is handling sales and marketing for the project, Lincoln Coconut Grove. 

What exactly goes into homebuilding costs, and how do those costs translate to profits for builders — and home prices for buyers?

The three-building development in the Bay Harbor Islands is approaching $100 million in sales and is 50% sold. 

The master-planned community will ultimately bring 2,000 mid-rise and garden-style apartments to the area around West Miami-Dade County’s Dolphin Park-and-Ride/Transit Terminal Facility.

Homes in the community, to be called The Dunes at Juno, will be priced from around $1.5 million. 

The project by Related Group, Rockpoint and Two Roads Development will bring 56 “sky villas” to Miami’s exclusive Bal Harbour village. 

The 45-story tower will offer 422 residences ranging from 500-square-foot studios to 1,100-square-foot, two-bedroom homes.

The median-sales price slid from $425,600 in October to $402,600 last month.