The pace of new-home sales hit an annual rate of 800,000, its highest level since January 2022. 

At the same time, completions of new single-family homes were on the rise last month, according to federal statistics. 

The River District project — now called Flow on the River — is zoned for about 1,900 residences on a 6.2-acre Brickell parcel. 

The moderately priced community offers four floor plans priced from $348,900. 

The upside surprise came despite monthly and yearly declines in the pace of sales. 

With an average price of $40 million, the project’s 37 “mansions in the sky” are currently the most expensive new-build residences on the market in Miami-Dade, according to backers. 

The single-family sector managed to eke out a slight monthly gain, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. 

The downtown Miami condominium tower will eventually top out at 70 stories. 

The NAHB/Wells Fargo Housing Market Index slid a point to 32, reflecting ongoing negative sentiment in the homebuilding industry. 

The community is part of the Preserves at Park Trace master-planned community in Stuart. 

The community will offer 41 single-family homes and townhomes in the Heart of Boynton District. 

The 20-story, 36-condominium project is the world’s first yacht-branded residential tower, according to its developers. 

The 12-story Modera community will bring several public-space improvements to the South Dixie Highway corridor. 

The 37 mansions start at $15 million each and offer private-elevator entry foyers. 

The inventory of new homes for sale surged year over year, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.    

The developer appointed Fortune Development Sales to lead sales efforts.