Scottsdale-based Taylor Morrison has acquired 406 lots north of the Vistancia master-planned community in Peoria, positioning the homebuilder to open sales there in 2028 as development accelerates around Taiwan Semiconductor Manufacturing Co.'s sprawling north Phoenix campus.
The Phoenix Business Journal reported Taylor Morrison's Peoria purchase before KTAR News 92.3 FM, which cited the acquisition of 190.82 acres north of Vistancia. A separate Phoenix Business Journal report confirms the 406-lot count and the 2028 sales timeline. KTAR reported the purchase price was $6.34 million. TSMC's campus nearby carries a reported $265 billion price tag, according to KTAR.
Homebuilders Circling TSMC's Footprint
Taylor Morrison's move is part of a broader pattern of homebuilders racing to lock down land near TSMC, according to KTAR, which reported that firms are shifting toward aggressive bulk lot acquisitions to secure future inventory. Miami-based Lennar Corp., for instance, paid $60.14 million in cash for 444 lots near TSMC, according to the same KTAR report — a deal that, per ABC15, closed on September 15 and involved 132.24 acres near 117th Avenue and the Deer Valley Road alignment, with Phoenix-based Aroundtown Agua Fria LLC as the seller.
Those Lennar lots sit south of Vistancia within a subdivision called Harish Estates, which is approved for 606 lots total, ABC15 reported. Aroundtown Agua Fria also plans to bring an additional 2,000 lots in that surrounding area to market within the next three years, the outlet noted. Lennar had earlier been eyeing roughly 325 acres near the TSMC plant and had submitted an application for nearby state land, according to a separate Phoenix Business Journal report.
D.R. Horton and Others Stake Their Own Claims
D.R. Horton Inc. paid $32.7 million for 232 lots at the Estrella master-planned community in Goodyear, according to KTAR, which attributed the lot-acquisition figures for both Lennar and D.R. Horton to Tempe-based data firm Vizzda LLC. A separate account from Harvard Investments describes D.R. Horton's purchase as the final 232 residential homesites within Estrella's Lucero village, spanning roughly 90 acres, with model homes and sales expected to begin in fall 2027. Vizzda's reporting suggests homebuilders will continue making additional bulk lot acquisitions as the TSMC-driven development push continues.
Taylor Morrison and Lennar have also teamed up before near Peoria. The two builders together spent $54 million to buy nearly 600 lots at Saddleback, a newly launched 5,300-acre master-planned community in north Peoria, according to ABC15's earlier reporting. In that deal, Lennar's land banker, AGWIP Asset Management, paid $27.81 million for 289 lots, while Taylor Morrison paid $26.05 million for 293 lots. Scottsdale-based Camelot Homes was also reported under contract for 19 larger, 80-foot-wide lots at the same site.
TSMC's Campus Keeps Growing Around the New Rooftops
The land rush tracks with TSMC's own expansion plans. The chipmaker has announced it will invest $265 billion in Arizona, with one factory already running after an initial $12 billion investment in 2020, according to KJZZ. The company is planning a total of 12 facilities for manufacturing, advanced packaging and research and development, the station reported, and trade between Taiwan and Arizona has jumped from $3 billion to more than $21 billion over the past three years.
Adjacent to the campus, a proposed development called Halo Vista is also taking shape, though its reported footprint varies by source: KJZZ describes it as a proposed 2,300-acre development, while the Fresno Bee describes it as a 2,400-acre master-planned community surrounding the northern part of TSMC's campus. A Greater Phoenix Economic Council release says the project's master plan encompasses nearly 30 million square feet of mixed-use capacity, with Phoenix-based Willmeng Construction leading initial horizontal infrastructure work. Confirmed early tenants include a Costco, an roughly 11-dealer auto mall and a five-story dual-branded Marriott hotel, per that release. Separately, the Fresno Bee reported that De Rito Partners paid $67.38 million for 130 acres near TSMC's campus to build its own auto mall.
A Tight Housing Market Meets a Chipmaking Boom
All this building is landing on a Phoenix housing market still finding its footing. The region's housing market is expected to continue recovering in 2026, with closed sales rising from post-pandemic lows and inventory beginning to increase slowly, according to AZ Big Media. The Cromford Report's demand-to-supply index sat around 80 as the year began, signaling a market still leaning toward buyers, the outlet reported.
Even as TSMC's north Phoenix campus and its orbit of semiconductor suppliers continue to expand hiring, the broader housing market is still finding its footing. Together, those forces define a 2026 market where supply remains tight, demand remains uneven, and affordability remains the central question, the outlet reported — the backdrop against which builders like Taylor Morrison are betting on the Peoria corridor's long-term growth.
