The rain finally stopped, and the building has begun. My wife and I took a ride over this morning to see if anything was being done to our house. Driving down the main street leading to the rest of the development we could see a wall in place on our neighbors house across the street. Seeing this, and a couple of workers over there, we assumed no work was being done in our lot. As we got closer we could see that, indeed something was happening in our lot. The pile of wood across the street was merely blocking our view. There were two guys working on putting wood and what looked like some sort of vapor barrier on the foundation. I'm not sure what you'd call this, but it seemed like some sort of baseplate prior to the floor joists going in.
I had to go to work, so I just got an update from my wife. It appears they got most of that baseplate down and lowered some wall sections into the basement. The house across from us has most of the first floor framed, so hopefully we'll be there soon. Can't wait!