Luxury condos account for a large portion of new residential construction in hot markets such as Miami and San Francisco. Published on August 5, 2014 in Luxury housing continues to dominate development in hot marketsFull resolution (500 × 334) Luxury condos account for a large portion of new residential construction in hot markets such as Miami and San Francisco. Luxury condos account for a large portion of new residential construction in hot markets such as Miami and San Francisco.