After speaking with our loan officer, we got approval to go ahead with the build. However, we opted not to start. As much as we wanted to move forward, we are concerned with selling our current home. We live in a great neighborhood, but we haven't had many showings. If we were getting people looking at our home consistently, we would be less worried about moving ahead with the build. But, in the 2.5 months our house has been listed, we've only had two showings :(
We've decided to move to the lot next to the one that we originally wanted. I personally don't know if I could live next door to the lot we really wanted, but time will tell.
We are also considering other nearby communities that might have better lots available. There are so many communities in the area where we want to be that we have options still. Though it's not what we had originally planned, we choose to see it as a blessing in disguise to force us to look at other options that may end up being better.
Thanks for all your support everyone :)