New Construction News

Housing starts rise in December on strong multifamily sector

While multifamily starts surged 13.7% compared to November, the pace of new single-family housing construction slid 2.3%, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.

Single-family rental JV acquiring almost 3,500 Sunbelt homes

The first phase of the deal comprises 1,424 new single-family homes and townhouses in Tampa, Fla.; Atlanta and Athens, Ga.; and Pinehurst, N.C.

Sales launch at The Crosby, a planned 33-story tower in downtown Miami

Sales launched this week at The Crosby Miami Worldcenter, a planned 33-story tower with 450 residences in downtown Miami, a news release said.

New-home sales soar 12.4% in November

The median sales price of new homes hit a new high of $416,900.

Twin-tower St. Regis Residences to join Miami’s financial district

A new residential real estate development will add 354 luxury condo units across twin towers in Miami’s Brickell Financial District. Miami-based Integra Investments and condominium developer Related Group announced plans for The St. Regis Residences, Miami, this week.

New-home construction ramps up in November as demand stays high

“November’s housing starts report signals strength for the housing market.”  — First American deputy chief economist Odeta Kushi

Builder confidence rises again in December despite inflation fears, production bottlenecks

“While 2021 single-family starts are expected to end the year 24% higher than the pre-Covid 2019 level, we expect higher interest rates in 2022 will put a damper on housing affordability.” — NAHB chief economist Robert Dietz

Launch celebration showcases the Standard Residences, Midtown Miami

Miami got its first glimpse of The Standard Residences, Midtown Miami, during a recent launch celebration held at The Standard Spa Miami Beach, according to a press release. Hosted by The Standard International Executive Chairman Amar Lalvani and Rosso Development CEO Carlos Rosso, the event showcased a preview of the hotel brand’s first-ever residential residences.

South Florida new construction shortfall tops 142,000 homes

There may be a construction boom, but builders still have a lot of ground to make up from a decade of underbuilding, according to a new report from Zillow.

The Standard launches first residential project in Miami

Standard International and Rosso Development recently announced the launch of The Standard Residences in Midtown Miami, the first of its kind in the area, according to a press release.

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