Builder confidence was steady in May, carrying over April’s reading of 83 for another month, according to the most recent National Association of Home Builders/Wells Fargo Housing Market Index.

The combined sales total over $82 million.

Low mortgage rates and low inventory levels are making the demand for homebuilding more attractive to buyers in Miami and nationwide.

Condo developer seeing new buyers from California, New York and south Florida.

Landsea Homes Corporation, a residential homebuilder based in Newport Beach, California, has entered into an agreement to acquire Vintage Estate Homes, a Florida-based homebuilder, for $54.6 million. Vintage Estate Homes employees are expected to transition and become part of

The property provides views of the Hillsboro Inlet Lighthouse and is accessible to popular points like the Pompano Pier.

The DHS announcement comes in response to businesses reporting an immediate need for supplemental, temporary guest workers for this fiscal year.

The property will be comprised of two slender towers rising 300 feet.

High-end condo sales are up in Miami and driven mostly by U.S. buyers

Privately owned housing starts jumped 19.4% from February’s revised estimate to a seasonally adjusted annual rate of 1,739,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development

The National Association of Home Builders published the results of its Special Study for Housing Economics, highlighting the 2020 annual census of who makes up its members.

“We have seen a surge of interest from millennials, who are the highest demographic partaking in leisure and personal travel, to have flexibility in their nomadic lifestyles.” — Alicia Lamadrid Paysse, sales director at Cevera Real Estate

It was a surprise year of growth for homebuilders in 2020, but that could be constrained by higher lumber costs, regulatory issues and a shortage of available lots, according to the National Association of Homebuilders.

This development marks the debut of Waldorf Astoria in the Miami market and will be the tallest tower south of New York City.

“Buyers enjoy the lifestyle, weather and tax effect. There is no income tax in Florida, unlike some other states. This savings will help to buy the condo unit.” — Rishi Kapoor, Location Ventures

Terra, an active residential and commercial development firm in South Florida, has announced plans for a 38-acre mixed-use project in the center of Miami-Dade County.