The $6.37 million deal was finalized on May 18.

Despite a monthly decline, the rate of new-home construction still came in above consensus estimates. 

Among the top 50 metro areas, Boston and Miami led the pack. 

Builder confidence saw a modest bump in May, but affordability challenges continue to weigh heavily on the housing market, according to new survey from the National Association of Home Builders. 

KB’s new corporate home base in Maricopa County, located at the Hayden Ferry Lakeside business park, will preside over the company’s operations in 49 markets across the country.

Toll Brothers opened model homes at the Sereno Canyon master-planned community in Scottsdale, showcasing its new Enclave Collection.

Toll Brothers will build a luxury condominium at Cavasson, a 1.8 million-square-foot mixed-use development in North Scottsdale.

Pricing for the collection ranges from $2.75 million to over $3.295 million.

Phase two sales are now underway.

Tri Pointe Homes earned two gold awards — the highest honor — for Phoenix-area projects.

Affordable apartment construction in the Phoenix metro area increased 206% in the years following the Covid-19 pandemic, according to data from RentCafe.

In a rare housing market shift, newly built homes saw price reductions more frequently than existing homes in late 2025 for the first time in recent history, according to a new report from Realtor.com.  

The builder is offering eight single-story floor plans with three to seven bedrooms. Personalization options include casitas, multigenerational living quarters and oversized garages.

The Atley Collection features three designs with four to five bedrooms, 2.5 to three bathrooms and two-car garages.

Affordability challenges continue to bedevil homebuyers, despite mortgage rates falling to a three-year low, the National Association of Home Builders reported. 

The four-day grand opening will begin with a VIP event benefitting the Fresh Start Women’s Foundation on Thursday.