Homebuilders Plan Thousands of Homes Near TSMC Plant in North Phoenix

Article originally posted on Phoenix Business Journal on May 17, 2024

As competition heats up for a 2,300-acre state land auction surrounding the Taiwan Semiconductor Manufacturing Co. plant in north Phoenix, homebuilders have big plans to meet the demand of the 50,000 jobs that area is expected to create over time.

Miami-based Lennar Corp. (NYSE: LEN) plans to build more than 700 homes in that area, said Alan Jones, president of Lennar’s Arizona division.

“Lennar wants to build where there’s job growth,” Jones said. “When we see jobs being created, we’re going to do what we can to provide homes in that area. There’s a lot of jobs being created. “We’re looking to get more land in this area because there’s demand.”