Toll Brothers opened four new model homes in the Phoenix area: two in Adero Canyon in Fountain Hills, one in Sonoran Trails in Cave Creek and one in Sereno Canyon in Scottsdale.

David Weekley Homes broke ground on a model home in Sentiero, a new-home development within the Windrose master-planned community in Waddell.

David Weekley Homes will construct a community of single-family homes in Escena at Blossom Rock, a master-planned community in Apache Junction.

The builder recently closed on 145 homesites that will serve as an extension of its existing Skye Ridge at Victory neighborhood in the community.

Declining interest rates spurred the increase. 

BedBrock Developers will develop Continental Mountain Estates, a 70-acre luxury community in Cave Creek.

Located at 18096 W. Olive Ave., the 102-unit development will include one- and two-story residences with three- and four-bedroom floor plans.

Capital Square and Sunstone Two Tree broke ground on Ironwood Homes at Rosefield, a single-family rental community in Glendale.

Pennrose Properties broke ground on Garfield Housing Phase II, an affordable senior housing development in Phoenix.

Funding was secured through an $86 million construction loan from Santander Bank.

Thompson Thrift will begin construction this month on Refinery at Pointe17, a luxury apartment development in Phoenix.

All three of Dominium’s Phoenix-area affordable housing projects benefited from Section 42 of the Low-Income Housing Tax Credit (LIHTC) program, which provides funding to increase the supply of affordable rental housing.

Plans for 56 at Arcadia include 40 rental townhomes of five varying layouts, ranging from two- to three-bedrooms.

Specifically, single-family homes were built at a seasonally adjusted annual rate of 963,000, up 3.2% from 933,000 in August and up 8.6% from 887,000 a year earlier, according to government figures. 

Several cities around the country, including Phoenix, are making significant strides in addressing housing shortages with new construction.

Aspirant Development is constructing a 25-story multifamily tower at the site of a vacant property on North Central Avenue.