Phoenix firms partner on deal to build 400 homes in northern Arizona

Phoenix Business Journal

Angela Gonzales   •   09/22/2020

Mandalay Homes and Mosaic have embarked on a $100 million agreement to build 400 homes in northern Arizona.

The two Phoenix-based companies are focusing in northern Arizona, where housing supply is decreasing while pricing is rapidly increasing, said Salman Ahmad, founder and CEO of Mosaic, a construction technology company he formed in 2015 to help make the homebuilding process more efficient, scalable and adaptable.

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