New-construction homes have average annual insurance premiums 35-38% lower than older homes, saving buyers over $1,000 yearly. This is due to newer roofs, plumbing, and safety standards reducing claim risks. Insurance costs rise steeply in the first decade, then gradually. Combined with lower maintenance, new homes can save buyers up to $32,000 over 10 years, improving affordability despite high mortgage...
US single-family housing starts rose 9.7% in March to about 1.03 million units, the highest since February 2025, while overall residential starts increased 10.8% to 1.5 million units. However, single-family permits fell 3.8% and overall permits dropped 10.8%, signaling caution ahead. Rising costs from tariffs, conflict-related fuel price increases, and higher mortgage rates have pressured builder...
Slide 1 Miami’s luxury high-rise market stays global hotspot with constant development launches and strong international investment demand. Slide 2 International investors bought 52% of Miami new construction units, representing buyers from 73 countries. Slide 3 Latin American investors dominate foreign purchases, making up 86% of international buyers in...
Many U.S. downtown office buildings remain underused due to remote work, while a severe housing shortage persists, especially for lower-income renters. A proposed solution is converting vacant offices into co-living microapartments with small private rooms and shared amenities, offering lower rents ($700–$1,000) and reduced development costs. This model could stretch public subsidies further, address...
The National Association of Home Builders (NAHB) is calling on Congress to remove excessive federal regulations that raise construction costs and affect housing affordability. Regulatory costs make up nearly 25% of single-family home expenses and over 40% for apartments, worsening the housing shortage of 1.5 million units. A federal mandate tying mortgage insurance to strict building codes is a major...
Florida's new building regulations under House Bill 267 took effect on January 1, 2025. Local governments must approve or deny building permits within 10 to 60 business days, depending on project size....
The Miami-Dade County Commission has approved a resolution to develop affordable housing and a hotel on undeveloped land at 20000 NW 47th Ave. The project will include over 1,000 affordable housing units for families earning up to 120% of the area median income, along with community and recreational facilities. Two nonprofits currently on the site, His House Children’s Home and the Center for Child and...
U.S. apartment construction is projected to exceed 500,000 new units in 2024, marking a 9% increase from last year and a 30% rise from 2022, with South Florida contributing significantly. The Miami area is expected to complete over 14,100 apartments, ranking it ninth among major metros. Nationwide, over 2 million new apartments are anticipated by 2028, although construction rates may decline from 2025 to...
FLEXSE is a Scandinavian-style micro-home in Russia, offering a solution to housing challenges through modular construction. Micro-homes, ranging from 100 to 400 square feet, maximize space efficiently and sustainably. Co-living spaces provide cost-effective communal living options with shared amenities. Innovative housing models like 3D-printed homes, floating homes, and self-sufficient homes are...
Miami-Dade County officials are set to initiate Phase II of the Naranja Grand development in South Dade, offering 200 affordable apartments with amenities such as a pool and fitness center. The project emphasizes sustainability and aims to cater to various income levels. Phase I, for residents aged 55 and above, started construction earlier. Leasing for Phase II will begin in summer 2025, with completion...
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