New single-family home construction declined as builders continue to grapple with macroeconomic headwinds. 

The 21-story luxury tower will offer 54 condominiums starting at $1.9 million. 

Located on the Intracoastal Waterway in Jupiter, the 15 multi-level residences will offer coastal views, private terraces, rooftop decks and private garage parking.

The organization issued a statement in support of the pro-development campaign at its annual meeting in Tampa. 

The branded residential project is the German hotelier’s first ground-up development in the United States.  

The 46-story condominium development has already sold over 50% of its 163 units. 

Homebuilder sentiment recently reached its third-lowest level since 2012. 

The project has sold about 60% of its 40 luxury condominiums, which are priced from $2 million to $4.9 million. 

The community’s 74 single-story villas come in two- and three-bedroom floor plans measuring between 1,300 to 1,450 square feet.

Existing-home sales declined, while housing inventory and days on market rose across Naple and Miami-Dade, Broward and Palm Beach counties.

Owners of the 659 residences will be able to rent them short-term or on Airbnb year-round. 

Terra and Fortune International Group plan to develop a 56-unit, luxury-condominium development on the site of the Silver Sands Beach Resort.

The surprisingly large decline in the pace of housing starts comes as builder sentiment remains depressed by tariff worries and high prices. 

The 400-apartment community, to be known as The Era, is being developed by Affiliated Development. 

The pace of new-home construction was higher than economists expected, even as homebuilders expressed concern about the impact of tariffs and supply-side challenges. 

Regency Development Group expects to break ground on the 24-residence community in the fourth quarter.