New Construction News
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.
The community will feature 122 homes on 2.75-acre lots. Sales are expected to open late this summer, with prices starting at $1.9 million.
The surprisingly large decline in the pace of housing starts comes as builder sentiment remains depressed by tariff worries and high prices.
Camelot took home some of the biggest awards of the night, including Builder of the Year, Community of the Year and Home of the Year.
The builder will offer one- and two-story homes ranging from 1,332 to 2,624 square feet. Sales are expected to begin this summer.
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.
Silver Sky Development is constructing two luxury homes at Silver Sky, a 12-home community coming to Paradise Valley.
At the same time, the median sales price for a new home hit its highest level since 2022, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.