July’s seasonally adjusted annual rate of 739,000 represented a 10.6% jump from June’s upwardly revised rate of 668,000. 

Homebuilder Landsea Homes sold all 92 homes in Vidrio at Estrella, a neighborhood within the Estrella master-planned community in Goodyear.

Developers broke ground on Silver Sky, an 18-acre community in Paradise Valley, on June 12.

New-home construction jumped 5.7% month over month after a soft March, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. 

Rockefeller Group broke ground on Corsica Villas, a pair of build-to-rent communities located in South Phoenix.

Located at the intersection of South Greenfield Road and East Superstition Drive in Gilbert, Stonegate Court will include 22 homes and community amenities like sports courts, green spaces and a ramada.

With 4,030 build-to-rent units completed in 2023 — a 10-year high — Phoenix is the No. 1 metro in the nation for this type of new construction.

“As a luxury developer new to Arizona and eager to take a prudent approach, sales for Portico outpaced all our expectations,” said Elizabeth Brooks, executive vice president of sales and marketing for Belgravia Group.

Landsea Homes recently purchased 90 homesites in Mesa for a new community called Circlestone.

Located at 777 N. Central Ave., the 26-story, 523,000-square-foot highrise will include 193 studio apartments, 116 one-bedrooms and 92 two-bedrooms.

Trilogy Investment Company broke ground on Rêve at Avondale Station, a 107-home build-to-rent community in the Maricopa County city of Avondale.

Mattamy will build 118 single-family homes on the 30-acre parcel of land.

All 123 homes in Marketside Tercera at Verrado, a neighborhood within the Verrado master-planned community in Buckeye, are sold out.

The Howard Hughes Corporation announced the first four builders for Teravalis, a 37,000-acre community in the Phoenix West Valley.

“This is a huge step forward for Landsea Homes, and we are excited about extending our presence in San Tan Valley,” Heather Cammiso, Arizona division president for Landsea Homes, said in a press release.

Belgravia Group topped off the first building of Portico, a nine-building condominium development located in the Loop 101 and Scottsdale Road corridor.