This phase delivered 578 apartments, with leasing and tenant move-ins now underway. 

New builds are about the same price as existing homes on the market, but that is not due to rising regulatory costs builders have to pay.

West Palm Beach welcomes a new 25-story residential tower, The Berkeley Palm Beach, to the growing downtown landscape of Clear Lake.

The seasonally adjusted annual rate of 628,000 homes topped Wall Street’s estimates. 

The seven-acre transit-oriented development’s fourth and final residential tower, Crescendo, will be linked to Miami-Dade County’s Douglas Road Metrorail Station.

The Broward County community has 52 homesites. 

Condominiums at the 62-story building are priced from $5.8 million. 

The 15-story project by Robert Finvarb Companies features furnished turnkey residences for short-term rental agreements, projected for completion in 2028.

The community will seek certification through the WELL Building Institute and offer advanced air and water purification systems, noise-reducing acoustic design and non-toxic building and cleaning materials.

The median sales price of new homes sold in April rose 8% to $422,500 from $391,100 in March, the U.S. Census Bureau and the Department of Housing and Urban Development reported.

Related Ross recently broke ground on its Shorecrest waterfront condominium development in West Palm Beach.  

Despite a monthly decline, the rate of new-home construction still came in above consensus estimates. 

The firm is the multifamily development platform of global real estate investor GID. 

Among the top 50 metro areas, Boston and Miami led the pack. 

Builder confidence saw a modest bump in May, but affordability challenges continue to weigh heavily on the housing market, according to new survey from the National Association of Home Builders. 

The north and south towers will form the heart of the 500-acre Saltleaf on Estero Bay master-planned community south of Fort Myers.