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.   

David Weekley Homes is building 17 luxury homes on one-acre-plus homesites at Preserve Ranch, a gated community in North Scottsdale.

At the same time, builder sales expectations for the next six months posted their second-largest drop since the sentiment index started in 1985. 

Toll Brothers announced the opening of a model home for its Manor Collection at Sereno Canyon, a master-planned community in Scottsdale.

David Weekley Homes will construct homes in three Phoenix-area communities: Legado West, Tavolo at Soleo and Victory at Verrado.

Minimal Living Concepts, an Arizona-based homebuilder known for creating guest homes, casitas and accessory dwelling units (ADUs), is expanding its offerings to include semi-custom, full-size primary homes.

Patterson Homes broke ground on a collection of estate homes in Silver Sky, a luxury community in Paradise Valley.