#1 Answer to the Housing Shortage: New Construction

The biggest challenge to today’s housing market is the shortage of housing inventory for sale. A normal market would see a six-month supply of homes for sale. Currently, that number is below four months. This is the major reason home prices have continued to appreciate at higher levels than historic averages.

The good news is that builders are now starting to build more homes in lower price ranges.

Builder Confidence is Up

The Housing Market Index from the National Association of Home Builders (NAHB) reveals that builder confidence increased last month. HousingWire quoted NAHB Chief Economist Robert Dietz about the reason for the increase in confidence amongst builders.

“The HMI measure of future sales conditions reached its highest level since June 2005, a sign of growing consumer confidence in the new home market. Especially as existing home inventory remains tight, we can expect increased demand for new construction moving forward.”

Builders are Meeting the Needs of Today’s Purchaser

Builders are not only jumping into the market – they are doing a better job of matching current demand. The Wall Street Journal recently reported:

“In a shift, new households are overwhelmingly choosing to buy rather than rent. Some 854,000 new-owner households were formed during the first three months of the year, more than double the 365,000 new-renter households formed during the period, according to Census Bureau data.”

The WSJ article went on to say:

“Home builders are beginning to shift their focus away from luxury homes and toward homes at lower price points to cater to this burgeoning millennial clientele.”

The graph below compares 2016 to 2017 new construction sales by price point. As we can see, builders are slowly beginning to shift to prices more favorable to the first-time and non-luxury buyer.

Bottom Line

There is a drastic need for a larger supply of home inventory to meet the skyrocketing demand. Builders are finally doing their part to help rectify this situation.  If you are exploring the real estate market for a new build or a resale home, give me a call for more information – J.P. Cook – 602-320-4253.

What’s Your Home Worth?

Search for Your New Home

Listing types.

For Sale

For Rent

Land

Multifamily

Commercial

Location Search Nearby

BedsAny1+2+3+4+5+6+

BathsAny1+2+3+4+5+6+

Price MinAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Price MaxAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Advanced Options

Property TypeAnyApartmentManufactured HomeSingle Family ResidenceTownhouseTwin Home

School District

Address, MLS# or Keyword

Home SizeAny600 ft2800 ft21,000 ft21,200 ft21,400 ft21,600 ft21,800 ft22,000 ft22,200 ft22,400 ft22,600 ft22,800 ft23,000 ft23,500 ft24,000 ft24,500 ft25,000 ft25,500 ft26,000 ft2

YearAny2024+2023+2022+2021+2020+2019+2018+2017+2016+2015+2014+2013+2012+2011+2010+2009+2008+2007+2006+2005+2004+2003+2002+2001+2000+1999+1998+1997+1996+1995+1994+1993+1992+1991+1990+1980+1970+1960+1950+1940+1930+

Distressed

Open House

Location Search Nearby

BedsAny1+2+3+4+5+6+

BathsAny1+2+3+4+5+6+

Price MinAny$500$600$700$800$900$1,000$1,100$1,200$1,300$1,500$1,600$1,700$1,800$1,900$2,000$2,250$2,500$2,750$3,000$3,250$3,500$3,750$4,000$4,500$5,000$5,500$6,000$6,500$7,000$7,500$8,000$8,500$9,000$9,500$10,000

Price MaxAny$500$600$700$800$900$1,000$1,100$1,200$1,300$1,500$1,600$1,700$1,800$1,900$2,000$2,250$2,500$2,750$3,000$3,250$3,500$3,750$4,000$4,500$5,000$5,500$6,000$6,500$7,000$7,500$8,000$8,500$9,000$9,500$10,000

Advanced Options

Property TypeAnyApartmentManufactured HomeSingle Family ResidenceTownhouseTwin Home

School District

Address, MLS# or Keyword

Home SizeAny600 ft2800 ft21,000 ft21,200 ft21,400 ft21,600 ft21,800 ft22,000 ft22,200 ft22,400 ft22,600 ft22,800 ft23,000 ft23,500 ft24,000 ft24,500 ft25,000 ft25,500 ft26,000 ft2

YearAny2024+2023+2022+2021+2020+2019+2018+2017+2016+2015+2014+2013+2012+2011+2010+2009+2008+2007+2006+2005+2004+2003+2002+2001+2000+1999+1998+1997+1996+1995+1994+1993+1992+1991+1990+1980+1970+1960+1950+1940+1930+

Location Search Nearby

Lot SizeAny1+ Acres2+ Acres3+ Acres4+ Acres5+ Acres6+ Acres7+ Acres8+ Acres9+ Acres10+ Acres20+ Acres30+ Acres40+ Acres50+ Acres

Price MinAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Price MaxAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Advanced Options

Neighborhood

Address, MLS# or Keyword

Location Search Nearby

Price MinAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Price MaxAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Advanced Options

School District

Address, MLS# or Keyword

YearAny2024+2023+2022+2021+2020+2019+2018+2017+2016+2015+2014+2013+2012+2011+2010+2009+2008+2007+2006+2005+2004+2003+2002+2001+2000+1999+1998+1997+1996+1995+1994+1993+1992+1991+1990+1980+1970+1960+1950+1940+1930+

Location Search Nearby

Lot SizeAny1+ Acres2+ Acres3+ Acres4+ Acres5+ Acres6+ Acres7+ Acres8+ Acres9+ Acres10+ Acres20+ Acres30+ Acres40+ Acres50+ Acres

Price MinAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Price MaxAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Advanced Options

Address, MLS# or Keyword

YearAny2024+2023+2022+2021+2020+2019+2018+2017+2016+2015+2014+2013+2012+2011+2010+2009+2008+2007+2006+2005+2004+2003+2002+2001+2000+1999+1998+1997+1996+1995+1994+1993+1992+1991+1990+1980+1970+1960+1950+1940+1930+

View As: Thumbnails List

Sort by: Select Price, Low to High Price, High to Low Newer Listings First Older Listings First Open House Date

7232 E Eclipse Drive Scottsdale, AZ 85266

$895,000

3 Beds

2 Baths

1,856 SqFt

Status Active

MLS # 6760463

Property Type Townhouse

Price Type --

A truly exceptional find! This completely renovated home is located in a quiet and sought-after gated community in North Scottsdale. This home is in immaculate condition, showcasing elegant designer touches throughout. The gourmet kitchen is a chef's dream, equipped with a gas cooktop, granite countertops and backsplash, custom Alder cabinetry with pullout shelves, a built-in spice rack, top-of-the-line stainless Thermador appliances and an oversized farmhouse sink. The luxurious master bathroom offers a high-end, step-less entry shower with seamless glass doors, three shower heads, four body sprays, and a built-in Quartzite bench. It also features an oversized custom floating vanity with under-mount lighting, a quartzite countertop, elegant crystal and French gold faucets and a... stunning crystal chandelier, creating a spa-like retreat right at home. The walk-in master closet offers ample storage with its custom-built shelving. For home office needs, there's a custom-built workspace, complete with Alder wood finishes and a marble countertop, as well as a spacious double-wide filing cabinet. The laundry room is thoughtfully designed with upper and lower Alder cabinets, pullout shelves, marble countertops, and a large sink. French doors with retractable screens lead to the expansive backyard, featuring Travertine pavers, an extended patio, and lush greenery all while enjoying your own peaceful fountain. The garage is equipped with built-in cabinets and a durable epoxy floor. Fully OWNED SOLAR make the electricity bills nearly zero! The home also provides a full water filtration system as well as water softener. The community pool and spa are yours to enjoy, as well as the nearby mountain trails, with quick access to all of your Northern Scottsdale shopping and entertainment attractions. The HOA even covers the front yard maintenance. Home is available fully furnished for convenience!

View Property

1890 W Roderick Lane Wickenburg, AZ 85390

$895,000

4 Beds

3 Baths

2,787 SqFt

Status Active

MLS # 6763892

Property Type Single Family Residence

Price Type --

Beautiful Wickenburg home surrounded with never-ending Mountain Views. Great central location. Double master, located on separate ends of home w/private access. Perfect for guests. Open floor plan for entertaining, granite countertops and custom cabinets throughout home. Back patio area to enjoy evening BBQs, equipped with hot tub for relaxation. Bring your horses - move in ready. Access right at property to ride/exercise horses through the wash. Equipped with pipe pens & shelter. Very clean & well-maintained home - MUST SEE!!

View Property

62009 E Quartzite Road Oracle, AZ 85623

$895,000

3 Beds

4 Baths

2,739 SqFt

Status Active

MLS # 6767917

Property Type Single Family Residence

Price Type --

Vienta model with Casita 3 bedroom 3.5 bath, 2739 sq ft house built in 2021. Kitchen has quartz countertops, spacious center island, upgraded cabinets with soft close drawers and doors, rollout shelves in lower cabinets, walk in pantry, GE Advantage black stainless-steel appliances, 5 burner gas cooktop and upgraded lighting fixtures 11-foot ceilings in kitchen, dining room and great room. Ceiling fans throughout. Custom top of the line window coverings. Split bedroom floorplan on opposite sides of the house for optimum privacy. 2nd bedroom has en-suite bathroom. Large 431 square foot casita has another bathroom for extreme privacy, guests never want to leave. Master bedroom and walk-in closet extended 2 feet. Master bath has 2 vanities, make-up counter, a large soaker tub and a walk-in shower with no glass. Large den with a full wall of more custom cabinets with built in desk area. Laundry room with upper and lower cabinets and additional sink. Whole house salt free water conditioning unit, instant hot water pump and tankless gas water heater. Full 3 car garage extended by 4 feet with epoxy floors and overhead storage. Driveway is also fully epoxy coated. Back covered patio with pavers and 2 foot extension, hot tub, and sturdy electric rolling screens. Additional uncovered 16' X 21' back patio area with a firepit and nice mountain views. Low water desert landscape with drip irrigation, lots of boulders and solar lighting. All furnishings negotiable and could be a ready turnkey move in home!

View Property

29031 N 69th Drive Peoria, AZ 85383

$895,000

5 Beds

3.5 Baths

4,054 SqFt

Status Active

MLS # 6775061

Property Type Single Family Residence

Price Type --

Welcome to this stunning 5-bedroom, 3.5-bathroom, 2-story home nestled in the desirable Sonoran Mountain Ranch community in North Peoria. This spacious residence features a formal dining room, an oversized loft perfect for a second living space or game room, and a play pool for those warm Arizona days. Recent updates include new flooring on the bottom level, beautiful stone around the indoor fireplace and fresh paint in most rooms, giving the home a modern and inviting feel. Enjoy breathtaking mountain views, peaceful surroundings, and all the charm this home has to offer. Perfect for families or those who love to entertain, this home provides the perfect blend of comfort and style!

View Property

1070 E Sandpiper Drive Tempe, AZ 85283

$895,000

3 Beds

2.5 Baths

2,664 SqFt

Status Active

MLS # 6776490

Property Type Single Family Residence

Price Type --

One of a kind on The Island! This custom 3 Bedroom + Den, 2 ½ Bath, 2,664sqft home with a Swimming Pool & Heated Spa backs to the greenbelt. You'll love the spacious feel of this open floor plan with large windows that bring in the natural light. Features include vaulted ceilings, a galley kitchen with stainless steel appliances, granite counters and tile backsplash, wall ovens, a window surround breakfast room with access to the covered patio, great room with stone, gas fireplace, and a living room/dining room. The Primary Suite is on the first level and includes a fireplace, a private exit to the swimming pool/spa, separate shower and tub, and walk-in closet. Two guest bedrooms and full bath are upstairs and a den and half bath are on the lower level. 2+ Car Garage with Vaulted Ceiling - lots of storage space! The lush, private backyard is Perfect for Get-Togethers! Be sure to check out all of the neighborhood amenities just one block away. You'll Love Living In The Lakes!

View Property

22416 N 34th Place Phoenix, AZ 85050

$895,000

3 Beds

2 Baths

1,973 SqFt

Status Active

MLS # 6777737

Property Type Single Family Residence

Price Type --

Discover turn-key luxury in this single-level, 3-bedroom + den/office home, nestled in the highly desirable Sky Crossing community. This beautifully upgraded home boasts an open-concept layout that's perfect for both relaxing and entertaining. The kitchen is a chef's dream, with stunning granite countertops, soft-close cabinetry, an elegant tile backsplash, an XL island with a drop ceiling feature, and extended cabinets for abundant storage. Slide open the oversized pocket doors to reveal your private backyard retreat, complete with a large, extended tile patio, a glistening PebbleTec pool, and automated sunshades for effortless indoor-outdoor living. Both bathrooms feature custom tile showers and floating vanities, adding to the home's luxurious appeal. Energy efficiency is top-of-mind here, with an owned 17.2 kW solar system that significantly reduces utility costs, plus a Tesla wall charger for electric vehicles. Sky Crossing offers an idyllic lifestyle with picturesque parks, playgrounds, and scenic walking paths. Enjoy exclusive access to the community's Clubhouse, featuring a fitness center, meeting rooms, a locker room, and a resort-style pool with a beach entry. With A-rated Sky Crossing Elementary just around the corner and easy access to premier shopping, dining, and entertainment at Desert Ridge Marketplace, High Street, and Scottsdale 101, this home is perfectly located for both convenience and enjoyment. Quick access to the 51 and Loop 101 freeways, plus a 10-minute drive to Mayo Clinic, makes commuting a breeze. Don't miss this opportunity to own a modern, move-in-ready home in one of North Phoenix's most sought-after communities.

View Property

12927 W Bent Tree Drive Peoria, AZ 85383

$895,000

3 Beds

3 Baths

2,336 SqFt

Status Active Under Contract

MLS # 6763713

Property Type Single Family Residence

Price Type --

Welcome to resort living in Trilogy at Vistancia. This beautiful 3 bed and 3 bath 2.5 car garage home also has a private casita for guests. As you enter the home you will pass through a grand foyer entry way. The chefs kitchen has been remodeled with new quartzite counter tops and large Quartzite island, newly added full pullouts in all lower cabinets, custom backsplash and new appliances. The Primary bath has a remodeled walk-in shower, new vanities, sinks, faucets countertops and backsplash tile.The Study/Wine Room boasts a beautiful wine refrigerator that conveys. The backyard is simply paradise. Enjoy entertaining all your guests in this resort like backyard with outdoor kitchen, pool and hot tub and putting green. Solar owned and paid off.

View Property

3101 E Acoma Drive Phoenix, AZ 85032

$895,000

4 Beds

2 Baths

2,230 SqFt

Status Active

MLS # 6687227

Property Type Single Family Residence

Price Type --

Designer's Dream Home with exquisite views! One-of-a-kind home on a 1/2 acre hillside lot with elevated mountain views and privacy. Chef's kitchen is a joy to cook in and entertain: Viking cooktop and commercial fan, birch island and cabinets, double-oven + double warming ovens, wine fridge, and more. Custom flooring is a mosaic of natural wood. Vaulted ceiling, tin panels and concrete accent walls add a rich texture to the open living spaces. Live freely with no HOA. Brand new roof and backyard turf allow easy care and maintenance. The home itself is a work of art, you have to experience it for yourself to see!

View Property

7122 S Champagne Way Gilbert, AZ 85298

$895,000

5 Beds

4 Baths

4,590 SqFt

Status Active

MLS # 6707227

Property Type Single Family Residence

Price Type --

Oversized lot with pool, no neighbors behind you. 4 large bedrooms, 4 full baths, 1 den, 1 large playroom, office. Primary bedroom has an open den/nursery/office attached. Balcony off the primary bedroom runs the entirety of the house. The primary bathroom features a large shower and an oversized drop-in tub. 2 of the bedrooms upstairs share a jack-and-jill bathroom. The other upstairs bedroom has its bathroom off the hall. The media room is ready for your movie theater seating. Downstairs has an office off the foyer. Duel sets of stairs. The downstairs entertainment room features a bar with under-bar lighting and a spot for your pool table. Backyard patio runs the entirety of the house. Gas fire pit, seating and BBQ. Pool heat pump does not work and will not be repaired or rep

View Property

44421 N 20th Street New River, AZ 85087

$895,000

4 Beds

3 Baths

2,994 SqFt

Status Active

MLS # 6709540

Property Type Single Family Residence

Price Type --

Move in Ready and Now Priced To Sell! This Custom Mt View Home with pool & Oversized 4 car garage on a 1.38 Acre parcel and NO HOA is located at the end of a cul-de-sac. Private street with only 3 other homes! Freshly Painted and New Carpeting in all bedrooms...Large open concept living areas and generous room sizes throughout. Spacious Kitchen with Granite, B-fast Bar, Walk-in Pantry and informal dining/Breakfast room... HUGE Split Primary bedroom with private pool access, Separate Spa Tub & Shower and Dual Vanities! Features Include an additional Master Suite, Large Walk-in Closets in every bedroom! Cool Pool with a Baja Step & built-in Table, 2 Fireplaces, a really nice Covered Patio, a Giant Courtyard in front and a Pergola out back. Way Too many features to list

View Property

7660 E Golden Eagle Circle Gold Canyon, AZ 85118

$895,000

3 Beds

3 Baths

2,382 SqFt

Status Active

MLS # 6716941

Property Type Single Family Residence

Price Type --

REDUCED! This lock & leave villa in premier Superstition Mountain Golf & Country Club is tastefully remodeled & requires no yard work. You can spend your time lounging or playing! Located in a coveted Golden Eagle location, it's like an oasis in the desert. It backs to the park with babbling stream and Superstition Mountain views. Casita has 1 bed/1bath, separate entrance. RARE TWO CAR driveway! Smart home capabilities allows you to manage your home with ease from wherever you are. 24/7 guard gated community. Two newer HVACS, Water Heater, Kitchen Appliances. Amenities included with private club membership. 36 holes of Jack Nicklaus golf, pool, pickleball, tennis, bocce, fitness center. 30 miles to Sky Harbor, 20 miles to Mesa Gateway, 9 miles to retail & dining, 5 miles to hiking trails.

View Property

9812 E Grandview Street Mesa, AZ 85207

$895,000

5 Beds

4.5 Baths

4,015 SqFt

Status Active

MLS # 6722091

Property Type Single Family Residence

Price Type --

Captivating 4015 sf home situated on oversized lot (.33 acre) on quiet street. Xeriscape landscape, in highly desirable Saguaro Mountain gated Community minutes from Zaharis Elementary, Usary Mountain Regional Park, Saguaro Lake, Salt River, hiking/biking trails. MAIN floor- vaulted living/formal dining areas, spiral staircase, large en-suite bedroom, four storage closets, kitchen with granite counters/walk-in pantry, built-in desk, sizable family room/gas fireplace, sliding glass door leads to well-designed backyard. UPSTAIRS encounter ANOTHER en-suite bedroom with walk-in closet, Master bedroom with double sinks, walk-in closet and access to balcony. Additionally, there are three more bedrooms and a hallway bath. Backyard Oasis features a large patio area, outdoor dining area with gas fire feature, pathways lead to putting green, sandy playground, fenced in pool with grotto/slide, citrus trees, raised garden, and fenced side yard. Insulated four-car garage with built in cabinets and epoxy floor.

View Property