#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.

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

6334 E Albany Street Mesa, AZ 85205

$849,900

4 Beds

3.5 Baths

2,849 SqFt

Status Active

MLS # 6734623

Property Type Single Family Residence

Price Type --

Gorgeous Custom Home with Guest House on Nearly Half-Acre Lot. Welcome to this truly exceptional property nestled on almost half an acre of lush landscape. This one-of-a-kind home features 4 bedrooms, 3.5 bathrooms, and a detached guest house with garage. A rare find indeed! Upon entering, you'll be greeted by a thoughtfully designed split floor plan offering two primary suites. The first suite boasts an ensuite bath complete with a Roman soaking tub, a spacious walk-in closet, and direct access to the backyard covered patio. The second suite includes a serene sitting area, perfect for relaxation. The heart of this home is its gourmet kitchen, outfitted with honey oak cabinets, granite countertops, a breakfast bar, an island with a cooktop, pantry space, black appliances including a wall oven and panel ready refrigerator. Abundant cabinetry ensures ample storage for all your culinary needs. Additional highlights include a dedicated workout room with a mirrored wall and convenient access doors to both the primary suite and hallway. Adjacent to the living room is a well-appointed office, ideal for remote work or study. Step outside into your own private oasis. The covered patio features a custom fountain and dual ceiling fans, creating an inviting space for outdoor dining and relaxation. An outdoor kitchenette with built-in BBQ area adds to the allure of entertaining guests. The expansive backyard is adorned with a variety of citrus and mesquite trees, vibrant flowering plants, tasteful lighting fixtures, and a cozy fire pit perfect for enjoying evenings under the stars. A hidden gem of this property is the detached guest house, complete with a single vehicle garage or workshop, full kitchen, bathroom, and laundry facilities. Whether hosting family and friends or generating rental income, the possibilities are endless with this versatile space. Don't miss out on the opportunity to experience everything this remarkable property has to offer.

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27502 N Freedom Street San Tan Valley, AZ 85144

$849,900

5 Beds

4 Baths

3,011 SqFt

Status Active

MLS # 6753759

Property Type Single Family Residence

Price Type --

Why wait for a new build when you can buy now! Property includes detached casita w/ kitchenette, full bedroom and bathroom! There are 2 homes right next to each other with detached casitas and would make a great property for large families/friends who want to live close! Main home conveys 4 bedrooms + den/playroom/workout room, 3 full bathrooms, 3 car garage with epoxy flooring, 2 fireplaces. Quartz countertops, backsplash, stainless steel appliances, paver driveway. Close to San Tan Regional Park, Horseshoe Park Equestrian Centre, shopping, hospitals, entertainment and more! Home is currently available to be occupied and has complete set-up for hauled water, EPCOR submission has been received and EPCOR water line currently being installed. Home will have regular water service with EPCOR.

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27536 N Freedom Street San Tan Valley, AZ 85144

$849,900

5 Beds

4 Baths

3,011 SqFt

Status Active

MLS # 6753765

Property Type Single Family Residence

Price Type --

Why wait for a new build when you can buy now! Property includes DETACHED CASITA w/ kitchenette, full bedroom and bathroom! There are 2 homes right next to each other with detached casitas and would make a great property for large families/friends who want to live close! Main home conveys 4 bedrooms + den/playroom/workout room, 3 full bathrooms, 3 car garage with epoxy flooring, 2 fireplaces. Quartz countertops, backsplash, stainless steel appliances, paver driveway. Close to San Tan Regional Park, Horseshoe Park Equestrian Centre, shopping, hospitals, entertainment and more! Home is currently available to be occupied and has complete set-up for hauled water, EPCOR submission has been received and EPCOR water line currently being installed. Home will have regular water service with EPCOR.

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5613 E Lonesome Trail Cave Creek, AZ 85331

$849,900

3 Beds

2 Baths

2,182 SqFt

Status Active

MLS # 6781530

Property Type Single Family Residence

Price Type --

Fabulous Home with Amazingly Open ''Great Room'' Plan! This 3 Bedroom, 2 Bath home has the Primary Bedroom split from the 2 Secondary Bedrooms and a Flex Room that is perfect for an Office, Den, Library, Piano Room and is presently shown as a Dining Room. Kitchen has large granite Center Island with Breakfast Bar and boasts beautiful upgraded expanded cabinets with self closing and ''pull out drawers''. Gourmet Kitchen with Extensive granite countertops, Gas Stove and Oven, builtin Microwave, Stainless Steel dishwasher and refrigerator. Kitchen, Breakfast Room all open to the Great Room. Complimentary large Tile Flooring throughout the main traffic areas and carpet in bedrooms. Low maintenance professional landscaping with extensive use of pavers compliment this large lot backing to NAOS. Expanded Garage with Builtin Cabinets and Expoxy Garage Floors. What a Perfect Lock and Leave home with such terrific outdoor spaces to enjoy and entertain. Gated Community with guests access at 60th Street and Lone Mountain Rd. (Private Code)

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2926 W Tanya Trail Phoenix, AZ 85086

$849,900

3 Beds

2 Baths

2,118 SqFt

Status Active

MLS # 6781125

Property Type Single Family Residence

Price Type --

What a beautiful Santa Fe style home that is Luxury desert living at it's finest. You are surrounded by amazing mountain views in this quiet oasis. Spacious Family room with vaulted ceilings. Beehive Fireplace for cozy fires. Split floor plan for extra privacy. Plantation shutters throughout. 3 car garage with 220v EV charger. Large covered back patio and entertaining area that includes a heated Jacuzzi and pool. There are many mature trees that compliment the nicely designed Desert landscaping. 19X9 storage shed with high ceiling for workshop or storage. With a full Acre lot there is plenty of space including a large separate fenced in area for setting up your horse corral or for storage such as travel trailers, your ''toy'' trailer, etc.

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1016 E Tempe Drive Tempe, AZ 85288

$849,900

3 Beds

4 Baths

2,626 SqFt

Status Active

MLS # 6781111

Property Type Single Family Residence

Price Type --

Amazing home with brand new landscaping and heated pool right in the heart of Tempe. This home has been completely remodeled and updated with sophistication and luxury. Close to ASU, downtown scottsdale, Tempe town lake and much more. Being sold fully furnished and ready to move in! This stunning property has 3 oversized bedrooms, each with their own bathroom and walk in closet. Enjoy Arizona sunsets on the balcony or a soak in the new heated pool or spa while barbecuing with friends. Currently run as a profitable rental/airbnb this is could be perfect for an investor looking for extra cash flow immediately. Don't miss out. Come see it today! Owner/Agent

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3417 E Wildwood Drive Phoenix, AZ 85048

$849,900

4 Beds

2.5 Baths

2,319 SqFt

Status Active Under Contract

MLS # 6774659

Property Type Single Family Residence

Price Type --

Lake house N/S exposure on one of the best lots on the lake & close to park!! Selling below value! Spent $200K remodeling home! Shade in backyard all afternoon! Pebble tech pool w/ waterfall, new $12K hot tub, new $40k kitchen, new bathrooms, new floors, new garage door, new appliances, newer a/c units and newer roof!! Boat dock in backyard, walk in closets, new cabinets, granite countertops, new flooring, stone paver walk ways, jetted tub, gas stove / HVAC & gas fire pit in backyard !! Great neighborhood!! Lakewood is the largest residential lake in metro Phx. Super nice quiet neighbors. VERY low hoa fee's! All the furniture / decor / artwork / Tv's, etc can be included ($58k value) for ONLY $9,995 outside of escrow. ATTN: Investors, there are Canadian snow birds who want to rent this house for $9K a month (December thru April of every year ) that will rent from you if you want them.

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4818 E Hamblin Drive Phoenix, AZ 85054

$849,900

3 Beds

2 Baths

2,074 SqFt

Status Active Under Contract

MLS # 6776163

Property Type Single Family Residence

Price Type --

Beautifully remodeled Desert Ridge home with a 3-car garage, open floor plan, 12' ceilings, 8' doors, tons of windows and an entertainer's backyard that was completely redone in 2021 featuring a heated saltwater pool & spa with an automation system, gas firepit, travertine and artificial turf. Through the front door, you'll step into a large living room that is open to the kitchen, separated only by a natural quartzite peninsula with waterfall end, newly installed white shaker cabinets and a large dining area that includes a built-in bar. The master has a large bathroom with a dual sink vanity, makeup counter and soaking tub. The guest bedrooms both have large closets and share a freshly remodeled full bathroom. The house remodel was just completed in September of 2024 ... the backyard pool/spa was built in 2021. New HVAC unit installed in 2020. New water heater installed in 2022. Whole house water filter/softener installed in 2023. Double oven/range, microwave, undercounter wine & beverage refrigerators installed in 2024. Refrigerator, dishwasher, laundry washer & dryer installed in 2020. Garage door motors replaced in 2020.

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26330 N 56th Drive Phoenix, AZ 85083

New

$849,900

3 Beds

2.5 Baths

2,512 SqFt

Status Active

MLS # 6784361

Property Type Single Family Residence

Price Type --

UNBELIEVABLE MOUNTAIN VIEWS. This beautiful home is nestled at the foot of Ludden mountain, the views are amazing! The inside is just as amazing with it's open floor plan, chefs kitchen features an island with seating, 42'' cabinets, granite couter tops, Stainless GE Monagram appliances, built in refrigerator, double ovens & a pantry. This home has an office/den area plus 3 additional bedrooms. The primary suite includes a walk in closet, his/her double sink vanities, seperate tub/shower and a door leading out back to one of the outdoor patios. The large backyard is an oasis with a fenced pebbletec pool w/water feature, 2 covered patio, firepit area and VIEWS VIEWS VIEWS. If thats not enough there is a new Trane HVAC unit. This is a MUST SEE HOME.

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29150 N 128th Lane Peoria, AZ 85383

New

$849,900

3 Beds

3 Baths

2,102 SqFt

Status Active

MLS # 6784025

Property Type Single Family Residence

Price Type --

MAJESTICALLY EMBEDDED on a large elevated lot overlooking the 8th green with a view of the sunset and the hills in the distance, this breathtaking Libertas w/ Casita sits on easily one of the TOP FIVE LOTS in all of Trilogy. This home exudes charm and class and is embellished with custom cabinets throughout, multiple rooms of built-in floor-to-ceiling bookshelves and features 2 Murphy beds! The kitchen is centered around a huge center island and is a chef's delight with its Granite countertops and tile backsplash and features convenient pull-out shelves and storage areas including a built-in wine fridge! At the end of the day, picture yourself retreating to the large covered rear patio and watching the last golfers of the day finish up in the twilight to the sounds of the large bubbling stone water feature or for those chillier evenings, from the cozy raised firepit. This home will not last long as it truly is one of a kind. Reservations are being taken for showings starting Friday the 15th. This home is being sold ''Turnkey'' with identified exclusions.

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2729 E Bridgeport Parkway Gilbert, AZ 85295

$849,900

6 Beds

4.5 Baths

4,316 SqFt

Status Active

MLS # 6688114

Property Type Single Family Residence

Price Type --

Welcome to your dream home in the desirable Vincenz subdivision of Gilbert, AZ! This stunning residence boasts 6 bedrooms, 4.5 bathrooms and room for the entire family to enjoy. The kitchen is a culinary enthusiast's delight, featuring a breakfast bar, quartz countertops, stainless steel appliances, and contemporary cabinets. Experience the tranquil retreat in the cozy courtyard area, perfect for unwinding or hosting gatherings with friends and family. Private Movie Theater Room and Game Room (or Office) to indulge in your favorite entertainment activities without leaving the comfort of your own home. Don't miss out on this gem, with endless possibilities for creating your own private oasis in the heart of the East Valley.

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10315 E Palladium Drive Mesa, AZ 85212

$849,900

4 Beds

2.5 Baths

2,997 SqFt

Status Active

MLS # 6713623

Property Type Single Family Residence

Price Type --

Pride of ownership shows as soon as you enter this gorgeous 4-bedroom home in the award-winning community of Eastmark. Step inside to discover a spacious great room with 10' ceilings, tile flooring, neutral color palette, plantation shutters, 8' doors & quality details throughout. Spacious den or office with double doors near courtyard entry. Bonus room is light & bright & could easily be a 5th bedroom, gym, craft room or play room! Kitchen is well-equipped with stainless steel appliances, beautiful wood cabinetry, tile backsplash, granite counters, center island with pendant lights, additional buffet/cabinetry & minibar, recessed lighting, walk-in pantry & easy access to the large utility room. The main bedroom features an oversized ensuite with dual sinks, large soothing soaking tub, luxury tiled shower & walk -in closet for a peaceful retreat. Outside, the backyard is an entertainer's paradise with an extended covered patio, beautiful pergola with lights & ceiling fan for enjoying even the summer evenings under the stars. Low maintenance turf makes this yard easy to enjoy year-round. Gas stub for future firepit or outdoor kitchen! Dedicated rear exterior outlet w/own breaker currently used for pergola. Patio is pre-wired for TV & expanded irrigation is in place. Garage features epoxy floors & built-in storage. This home is immaculate & ready for a new family to enjoy all it has to offer. Greenbelt is just across the street. Convenient Mesa location, quality Queen Creek schools. Dining and shopping nearby! Incredible Eastmark amenities - Community center, pools, parks, lakes and more!! Truly a must see property!

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