Can depend a lot on local building types and siding choices. Down south where everything’s stucco, they often raise the walls bare and sheet standing up.
Up here in MI, most New construction is all brick, or smart side/hardie lap siding.
Brick homes, we frame the wall, sheet it, router the windows, tyvek it with 12” overlaps ok the ends, build the 2x soffit, install the wood soffit, vents, and the fascia so we can then crane the trusses in place. Once stood up.
Houses with siding, we do all of the above and install the siding while it’s flat. We plan the walls so the siding is short or overhanging your end corners to fit +\- 1/4” to corner trim. Same with the window trim. We often install the windows and window trim if they are delivered yet. Then we stand the whole thing up with a skytrack. Our typical houses don’t have a continuous wall over 50’ long so a track with four straps works great. Once the walls are up, we install the corner trim, and the painters only have to come in a caulk the trim to the siding and it’s ready for paint.