The upside surprise came despite monthly and yearly declines in the pace of sales. 

David Weekley Homes will offer one-story homes at Regent Hills, a gated community within the Verrado master-planned community in Buckeye.

The single-family sector managed to eke out a slight monthly gain, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. 

The NAHB/Wells Fargo Housing Market Index slid a point to 32, reflecting ongoing negative sentiment in the homebuilding industry. 

Seven other builders are slated to open models in Floreo throughout the next several months: Brightland Homes, Cortland Communities, KB Home, Lennar, Meritage Homes and New Home Co.

Builders will break ground in September.

Toll Brothers will construct Toll Brothers at Storyrock, a gated neighborhood within Scottsdale’s Storyrock master-planned community.

Located at 25255 North 19th Ave., the community includes 456 apartments with one-, two- and three-bedroom floor plans.

The inventory of new homes for sale surged year over year, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.    

The builder will offer four floor plans ranging from 3,124 to 3,692 square feet with guest casitas, covered patios and cabanas.

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

Scottsdale-based Sunbelt Holdings and Mosaic are collaborating on development, while Boston-based private equity firm Rockpoint is providing financing.

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

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

Toll Brothers received Gold Awards — the highest honor — in four residential categories for Phoenix-area developments, including Master-Planned Community of the Year and Best Community Amenity for Sereno Canyon in Scottsdale.

Mosaic is serving as the project’s general contractor.