New Construction Across the Wasatch Front: August 2026 Update
As we close out July and look toward the final stretch of summer 2026, the Wasatch Front's new construction market continues to evolve at an impressive pace. Terraine on West Jordan's west bench has reached a major milestone — Tri Pointe Homes has opened its first Utah model homes, joining four other active builders in the community that has now surpassed 170 completed homes. In South Jordan, Downtown Daybreak Phase 2 is taking shape with new streets, pocket parks, and residential infill, while Trader Joe's confirmed a new Daybreak location this spring, adding to the growing retail ecosystem. Herriman's Hidden Oaks Collection by Ivory Homes is offering generous lot sizes in southwest Salt Lake County, and across Utah County, Inverness, Wildflower, and Wander are all advancing through new plat phases with aggressive summer promotions still available.
In this August 2026 update, we cover every major development milestone across Salt Lake and Utah Counties — including Tri Pointe's Utah expansion at Terraine, Phase 2 infrastructure at Downtown Daybreak, the Trader Joe's announcement, Ivory Homes' Hidden Oaks in Herriman, updated pricing across Inverness, Holbrook Farms, Wildflower, and Wander, the state of builder incentives in a competitive summer market, new subdivision approvals, and the latest on UDOT's record $2.8 billion construction season and what it means for new-home commutes.
What's Inside This Update
- Terraine (West Jordan): 170+ homes built, Tri Pointe model opening, David Weekley July 31 deadline, five builders active
- Daybreak & South Jordan: Downtown Daybreak Phase 2 streets and parks, Trader Joe's confirmed, Cascade Village closings, The Pennant pre-leasing
- Herriman: Ivory Homes Hidden Oaks Collection, Olympia expansion, Panorama road extension update, Herriman Towne Center retail
- Utah County: Inverness final phase, Holbrook Farms new phases, Wildflower plat approvals, Wander Village 3 expansion
- The Point (Draper): Phase 1 construction progress, infrastructure milestones at the former prison site
- Builder Incentives: Updated summer rates, state down payment assistance stacking, inventory-driven competition
- Infrastructure: UDOT $2.8B construction season, Mountain View Corridor expansion, Lehi freeway connection
Terraine (West Jordan): Tri Pointe Debuts First Utah Models, 170+ Homes Built
The biggest story on the Wasatch Front's west bench this summer is the accelerating build-out at Terraine, the 630-acre master-planned community on West Jordan's west bench at the base of the Oquirrh Mountains. Developed by Third Cadence, Terraine has now surpassed 170 completed homes with an ambitious ultimate plan for approximately 2,800 to 3,000 residential units. The community's roughly 200 homes-per-year cadence is on track as multiple builders maintain active sales and construction.
The major development this month: Tri Pointe Homes (NYSE: TPH) — one of the nation's largest publicly traded homebuilders — has opened its first-ever Utah model homes at Polaris at Terraine. This marks the builder's official expansion into the Utah market, a significant vote of confidence in the Wasatch Front's long-term growth trajectory. Tri Pointe joins David Weekley Homes, Sego Homes, Ivory Homes, and Rainey Homes to complete a five-builder lineup that covers entry-level townhomes through luxury single-family estates.
Five Builder Lineup — Updated for August 2026
Tri Pointe Homes — Polaris at Terraine
- Newly opened model homes — first Utah community for this national builder
- Design-forward floor plans with modern, open-concept layouts
- Innovative, energy-efficient construction standards
- Model homes now open for daily tours
David Weekley Homes
- Aura Collection: 42-ft lots, from $549,990 to $691,316
- Reverie Collection: 50-ft lots, from $649,990 to $852,409
- Ending July 31: 2.99% starting rate on select quick move-in homes
- Energy Saver building standards with premium natural-light design
Sego Homes
- Homes priced from approximately $434,000 to $566,000
- Modern townhome and single-family designs with urban-inspired aesthetic
- Eco-friendly building systems and low-maintenance living
- 75+ homes listed, many move-in ready in 2026
Ivory Homes & Rainey Homes
- Ivory: Mountain Towns paired homes from ~$395K; Terraine Towns & Cottages
- Rainey: Northlight Collection on 70' x 100' lots, Goldfield model open for tours
- Both builders maintaining active sales with new phases coming online
Deadline Alert: David Weekley 2.99% Rate Expiring July 31
David Weekley Homes is offering a 2.99% starting rate on select quick move-in homes through July 31. With mortgage rates hovering around 6.125% as of mid-summer, this temporary buydown represents meaningful monthly savings. If you have been considering Terraine, this may be your last chance to lock in this promotion before it expires. Remember: having your own agent present on your first visit to the builder's sales center ensures you have representation when negotiating beyond the posted incentive.
Daybreak & South Jordan: Phase 2 Streets, Trader Joe's, & New Retail Milestones
Daybreak — the Wasatch Front's flagship master-planned community — continues to deliver major milestones on multiple fronts as we head into August. From new infrastructure in Downtown Daybreak's Phase 2 expansion to a confirmed Trader Joe's location and the continuing build-out of Cascade Village, South Jordan remains ground zero for some of the most exciting development activity in the region.
Downtown Daybreak Phase 2 — Streets, Parks & Residential Infill
Construction is well underway on Downtown Daybreak Phase 2, the expansion of the community's entertainment and mixed-use core north of the original district. Phase 2 extends the vibrant street grid that connects the Ballpark at America First Square to the broader Daybreak residential neighborhoods, adding critical pedestrian and vehicular infrastructure.
- New street connection linking the entertainment district to adjacent residential neighborhoods is under active construction
- 31 townhomes as part of the Phase 2 infill, adding residential density to the urban core
- Pocket park along Center Field Drive is taking shape, creating green gathering space between residential villages and the ballpark
- Trail extensions continue, linking western villages to the Oquirrh Lake loop and ballpark district
- District parking garage serving the entertainment district is under construction alongside The Pennant
Trader Joe's Confirmed for Daybreak
One of the most talked-about retail announcements along the Wasatch Front this spring was the confirmation that Trader Joe's is opening a new location in Daybreak. While an exact opening date has not been announced, the grocer's entrance into South Jordan signals the continued maturation of Daybreak's retail ecosystem. Trader Joe's joins existing anchors including Megaplex Theatres, multiple dining options, and the retail lineup at the nearby District at South Jordan.
For new-construction buyers considering Daybreak communities like Cascade Village, SpringHouse Village, or the Island, this adds another lifestyle amenity that supports long-term property values. Walkable access to daily needs — including a major grocery tenant — is consistently cited by Daybreak residents as one of the community's top selling points.
Cascade Village, SpringHouse, Island & The Pennant
Cascade Village
First closings completed with families now moving in. Seven builders active — Ivory Homes, David Weekley, Sego Homes, Fieldstone, Holmes Homes, Destination Homes, and Rainey Homes. Homes from $409,900 to $580,000.
SpringHouse Village (55+)
Continuing strong sales with homes from $400,000 to $600,000+. New spring floor plans feature expanded primary suites and covered outdoor living. Private clubhouse with fitness, pickleball, and pool.
The Island
Waterfront homes on Oquirrh Lake nearing completion. Premium pricing around $1,299,990 for premier lakefront positions. Top tier of Daybreak residential offerings.
The Pennant
190 luxury units at Downtown Daybreak now pre-leasing. 13,500 sq ft of amenities including resort pool, sky deck, fitness center. Fall 2026 delivery target.
Herriman: Hidden Oaks, Olympia Expansion & Towne Center Progress
Ivory Homes — Hidden Oaks Collection in West Herriman
A significant new offering has emerged in Herriman's west side: Ivory Homes' Hidden Oaks Collection, now under construction in the city's expanding southwest quadrant. What sets Hidden Oaks apart from typical new-construction subdivisions is its lot sizes — ranging from 6,000 to 11,000 square feet — offering generous yards that are becoming increasingly rare in new communities along the Wasatch Front.
- Pricing starting from approximately $550,000 for detached single-family homes
- Expansive lots: 6,000 to 11,000 sq ft — significantly larger than most new-construction offerings in Salt Lake County
- Located in West Herriman with convenient access to Mountain View Corridor
- Newer product line complementing Ivory's existing presence across the Wasatch Front
Olympia — Subdivisions Advancing
The massive 933-acre Olympia development continues to expand its footprint in southwest Herriman. With capacity for up to 6,480 homes, Olympia remains one of the largest master-planned communities in Salt Lake County and a significant source of new construction inventory.
- Great Basin at Olympia by Richmond American Homes: 9 floor plans available, pricing from ~$438,405 to $654,990
- EDGEhomes in Mountain Ridge and Creek Ridge communities, with quick-move-in homes available
- D.R. Horton expanded activity in the Olympia corridor
- Capitol Reef sub-community and other approved subdivisions advancing through construction phases
- Commercial parcels within the mixed-use zone progressing through planning
Panorama & Herriman Towne Center
Panorama
The 555-acre development under Toll Southwest management is progressing. The Juniper Crest Road extension connecting to Mountain View Corridor is on track for completion by year-end 2026. Approximately 1,300 planned homes with mixed-use commercial frontage. Panorama Park on track for late 2028 completion.
Herriman Towne Center
The 370-acre mixed-use district continues advancing. The Commons retail shell-building project (215,837 sq ft) is under active construction. Parkside Townhomes and Condos filling the residential component, with mixed-use townhomes and retail shops completing the district.
Utah County: Inverness Final Phase, Holbrook Farms, Wildflower & Wander Updates
Inverness by D.R. Horton (Lehi) — Final Phase & Active Promotions
D.R. Horton's 1,200-acre Inverness luxury community continues as one of the most significant new-construction destinations along the Wasatch Front. With pricing spanning from approximately $516,990 to $1,700,000+, Inverness offers a vertical product ladder that lets buyers move between entry-level cottages and luxury estate homes within the same community.
- Final Phase (Plat D): Plans include 278 single-family homes and 126 townhomes, plus 472 acres of public open space
- Community amenities fully operational: multiple pools, clubhouse, pickleball courts, trail systems, amphitheater
- D.R. Horton's Cold Spring Ranch recently introduced as another Lehi community for the nation's largest builder
- Location: Minutes from I-15, Lehi Transit Center, Thanksgiving Point, and Silicon Slopes employers
Holbrook Farms (Lehi) — New Phases & Silicon Slopes Location
The Boyer Company's 700-acre Holbrook Farms continues to expand with new subdivision phases. With over 2,800 planned residential units, this Silicon Slopes master plan maintains its position as one of the most sought-after new-construction destinations in Utah County.
Active Builders & Phases
- Ivory Homes, David Weekley Homes, Oakwood Homes
- Holbrook Place Estates from ~$1,038,400
- Holbrook Scandia Cottages from $550K to $638K
- Phase 12: 14 new single-family homes proposed
Area Highlights
- Proximity to Thanksgiving Point
- Lehi Transit Center connection
- I-15 access at multiple interchanges
- Silicon Slopes employer base
Wildflower (Saratoga Springs) — New Plat Approvals & Active Builders
The 1,200-acre Wildflower community continues advancing through multiple Village Plan amendments, with Village Plans through Village Plan 9 having been approved by the city as recently as November 2025. Wildflower's one-third open-space commitment remains one of its most compelling differentiators.
Active Builders
- Lennar (The Valley at Wildflower): townhomes $444,900 to $559,900
- Toll Brothers: luxury estates from ~$1,000,000+
- EDGEhomes (Wildflower 2.0): from ~$455,900
- Oakwood Homes: multiple active phases
- Richmond American Homes: active at Primrose
Active Plats
- Plats Q-1, Q-2, W-1, Y-1, Y-2 in active construction
- D.R. Horton owns Legacy Farms master plan
- Harvest Hills, Fox Hollow, Brixton Park also building out
- Early-phase pricing advantages still available
Wander (Saratoga Springs) — Village 3 Expansion
On the northwest shore of Utah Lake, the 350-acre Wander community by Oakwood Homes continues building its pedestrian-friendly lakeside village. New plat phases including Village 3 Amendment 3 have been approved, expanding the community's footprint with homes starting from approximately $364,990 — one of the most accessible entry points for new construction on the Wasatch Front.
- Porchlight Collection: Townhomes from $479,990 to $539,990 with lake-adjacent amenities
- Active Builders: Lennar, Toll Brothers, EDGEhomes all active
- Collections: Sterling duet-style and Arrival collections offering diverse floor plans
- Community parks, clubhouse, pool, and trail loops progressively opening alongside construction
The Point (Draper): Phase 1 Construction Milestones
Since breaking ground in late June 2026, The Point — the $2.3 billion mixed-use district on the 600-acre former Utah State Prison site in Draper — has made visible progress in its first few weeks of active construction. The largest public-private development in Utah's history continues to transform the gateway between Salt Lake and Utah Counties.
Phase 1 Elements
- Site preparation and utility infrastructure underway
- Initial mixed-use residential and retail foundations
- Walkable main street and event center site work
- Structured parking and public plaza construction beginning
Strategic Impact
- $165M state infrastructure investment backing Phase 1
- Corner Canyon trail connectivity integration
- Future Mountain View Corridor extension adjacent
- Gateway linking Daybreak/South Jordan to Lehi/Silicon Slopes
The Point's Neighborhood Impact
For new-construction buyers, The Point's momentum is excellent news for property values across the entire I-15 corridor between Salt Lake and Utah Counties. Communities like SunCrest in Draper, Daybreak in South Jordan, and Inverness in Lehi are positioned to benefit from billions in planned commercial, cultural, and residential infrastructure. The Point is designed as a 15-minute city where housing, work, school, retail, healthcare, parks, and transit sit within a 15-minute walk or bike ride — a model that typically drives sustained appreciation for surrounding residential neighborhoods.
Infrastructure: UDOT's Record $2.8 Billion Season
Behind every new construction community's value proposition is the transportation infrastructure that makes growth sustainable. In 2026, UDOT announced a record $2.8 billion construction season — the largest in Utah history. Key projects that directly impact new-construction buyers include:
Lehi Freeway Connection
$621M project connecting 2100 North to I-15, dramatically improving access for Lehi, Saratoga Springs, and Eagle Mountain communities including Inverness, Holbrook Farms, Wildflower, and Wander.
Mountain View Corridor
Continued expansion extending further south and west, directly benefiting Herriman communities including Olympia, Panorama, and Hidden Oaks, as well as Saratoga Springs access.
Bangerter Highway Interchanges
Continuing freeway-grade improvements at key intersections, reducing commute times for Terraine, Daybreak, and Riverton new-construction residents.
Builder Incentives: Summer 2026 Competitive Landscape
The summer 2026 new-construction market along the Wasatch Front is defined by aggressive incentives. Elevated inventory levels across Salt Lake and Utah Counties — driven by multiple large master plans hitting active sales phases simultaneously — have created one of the most favorable buyer environments in recent memory.
Current Incentive Landscape — Late July 2026
$15,000 to $60,000 in Combined Incentives
Nearly every major builder in Utah County is offering between $15K and $60K+ in combined rate buydowns, closing cost credits, and design upgrade allowances.
2.99% Promotional Rates
Builders offering rates as low as 2.99% through temporary buydowns significantly below the market average of ~6.125%.
2-1 and 3-2-1 Temporary Buydowns
Widely available across the Wasatch Front. Perry Homes offers a $21,000 lender incentive through Veritas Funding for a 3-2-1 buydown. Lennar offers a 2-1 buydown with rates as low as 1.99% in Year 1.
Design Center Credits
$10,000 to $30,000+ for upgrades at builder design centers. Most generous on quick move-in homes and end-of-quarter purchases.
Utah First-Time Homebuyer Assistance Program: Up to $20,000
Utah's state-funded First-Time Homebuyer Assistance Program (SB 240) provides up to $20,000 in an interest- and payment-free loan for down payment, closing costs, and/or a permanent interest rate buydown. It applies to qualifying new construction homes priced under $450,000. When layered with builder incentives, buyers can potentially close on a new construction home with as little as $1,000 out of pocket. Combined with a builder's rate buydown and closing cost credits, total savings can reach $20,000 to $80,000. This is an exceptional time for qualified first-time buyers to enter the market.
Community Quick-Reference: Late July / August 2026
A snapshot of every major new construction community across the Wasatch Front heading into August 2026:
| Community | City | Price Range | Status |
|---|---|---|---|
| Terraine | West Jordan | $395K – $852K+ | 170+ Built — Tri Pointe Open |
| Downtown Daybreak Ph2 | South Jordan | Mixed-use | Streets & Parks Under Construction |
| Cascade Village | South Jordan | $410K – $580K | First Closings — 7 Builders |
| The Pennant | South Jordan | 190 luxury units | Pre-Leasing Active |
| SpringHouse Village | South Jordan | $400K – $600K+ | Active 55+ — New Plans |
| Hidden Oaks | Herriman | From ~$550K | Under Construction — Large Lots |
| Olympia | Herriman | $438K – $655K | Active — Multi-Builder |
| Inverness | Lehi | $517K – $1.7M+ | Final Phase — Promotions |
| Holbrook Farms | Lehi | $450K – $1M+ | Phase 12 Proposed |
| Cold Spring Ranch | Lehi | TBD | New Community |
| Wildflower | Saratoga Springs | $445K – $1.5M+ | Active — Multi-Plat |
| Wander | Saratoga Springs | $365K – $600K+ | Village 3 Amendment Approved |
| The Point | Draper | 600 acres, $2.3B | Phase 1 Under Construction |
| Riverton Communities | Riverton | $450K – $860K | Active Builders |
Strategic Tips for New Construction Buyers — August 2026
Visit Model Homes Before the Parade of Homes Crowds
The 80th annual Salt Lake Parade of Homes runs July 31 through August 15, drawing thousands of visitors to builder show homes across Salt Lake County. Visit builder sales centers and model homes before or after peak parade days for a more personalized experience and better attention from builder representatives.
Layer Incentives with State Programs
The Utah First-Time Homebuyer Assistance Program's $20,000 can stack on top of builder promotions. On a $450,000 qualifying new construction home, combining the state grant with a builder rate buydown can dramatically reduce monthly payments. Ask your agent to model several scenarios.
Don't Wait Until the Parade of Homes Ends to Make Decisions
Several time-sensitive builder promotions expire at the end of July, including David Weekley's 2.99% rate at Terraine. Inventory levels are favorable to buyers now, but the most attractive quick move-in homes and end-of-phase lot positions tend to move first. An agent who knows which builders are motivated and which incentives are truly negotiable can save you thousands.
Compare Total Cost of Ownership, Not Just Base Price
A lower base price in one community may be offset by higher HOA fees, Mello-Roos or community facility district taxes, or a longer commute. A higher-priced home in a community with robust amenities, lower property tax rates, and proximity to transit and retail can deliver better long-term value. Factor all costs including HOA dues, property taxes (which vary by county and city), and commuting costs into your comparison.
Bring Your Agent on Your First Visit
Builder sales centers operate differently from resale showings. Many builders require that your agent accompany you on your first visit to the community for you to be eligible for representation in price and incentive negotiations. If you visit a builder's sales center without your agent and register, you may not be able to bring representation later. Let us know before you plan your tour of any new construction community.
Ready to Explore New Construction on the Wasatch Front?
Adam and Natalie Stark have guided dozens of clients through the new construction process across every major community in Salt Lake and Utah Counties. Whether you are looking at Terraine, Daybreak, Inverness, or any of the communities covered in this update, we can help you compare builders, negotiate incentives, and find the right home for your family.
Disclaimer: Information in this article is based on publicly available data as of July 27, 2026, including builder websites, city planning documents, and news reports. Pricing, availability, and incentive programs are subject to change without notice. Verify all details directly with builders and consult with a licensed real estate professional before making purchasing decisions. Adam Stark, ABR-AB00 and Natalie Stark, SA-7369177-SA00, Summit Sotheby's International Realty, 13693 S 200 W, Suite 100, Draper, UT 84020.