#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

9746 E Thornbush Avenue Mesa, AZ 85212

$815,000

4 Beds

3 Baths

2,876 SqFt

Status Active

MLS # 6782397

Property Type Single Family Residence

Price Type --

Dream home alert in Cadence! Fantastic curb appeal featuring a 3-car garage with built in overhead storage & epoxy floors! Discover a captivating open floor plan with high ceilings & plantation shutters throughout. Tile flooring in all living areas, carpet in bedrooms. The kitchen comes with granite counters, white shaker cabinets with crown moulding, pendant/recessed lighting, a subway tile backsplash, SS appliances, a walk-in pantry and island with a breakfast bar. You'll also find a versatile bonus room that provides additional living space. The serene main bedroom showcases plush carpeting, direct backyard access, an ensuite with double sinks & his and hers walk-in closets. Enjoy relaxing outdoor moments in the backyard, boasting a covered patio, BRAND NEW Pool, Spa, Turf & Dog run.

View Property

4291 E Claxton Avenue Gilbert, AZ 85297

$815,000

4 Beds

2.5 Baths

2,876 SqFt

Status Active

MLS # 6776836

Property Type Single Family Residence

Price Type --

Discover luxury living in this elegant TW Lewis-built home nestled in the prestigious Power Ranch Master Planned Community. This stunning four-bedroom, 2.5-bath residence welcomes you with a private front courtyard and an upgraded backyard featuring a four-hole putting green, a charming pergola, and a built-in firepit with bench seating—perfect for entertaining. The dream kitchen, remodeled in 2021, boasts quartz countertops, a gas cooktop, custom cabinetry with pull-out pantry shelves, a tile backsplash, a breakfast bar, and a bright breakfast nook overlooking the courtyard. The inviting family room features a beautiful rock fireplace and rich hardwood floors. The master suite offers a spacious walk-in tile shower, a jetted soaking tub, and an expansive walk-in closet. Additional bedrooms provide ample storage. This beautiful property features significant upgrades, including two brand-new HVAC systems installed in 2022, ensuring year-round comfort. The exterior received a fresh coat of paint in 2023, adding modern curb appeal and a welcoming look. Enjoy the Power Ranch community amenities, including two catch-and-release fishing lakes, scenic parks, miles of trails, two clubhouses, two pools (one heated), a splash pad, and courts for basketball, volleyball, and tennis. This home is a perfect blend of comfort, elegance, and community living!

View Property

4541 E Rakestraw Lane Gilbert, AZ 85298

$815,000

3 Beds

3 Baths

2,551 SqFt

Status Active Under Contract

MLS # 6769499

Property Type Single Family Residence

Price Type --

Welcome to this gorgeous home in Trilogy, Gilbert's premier active adult community. The open-concept design provides a seamless flow, offering a bright and spacious environment perfect for entertaining or simply relaxing. The kitchen is truly a chef's delight, featuring Wolfe and Subzero appliances, ideal for preparing gourmet meals or hosting gatherings. Two covered patios offer peaceful retreats, perfect for enjoying your morning coffee or winding down with a glass of wine in the evening. Beyond the home, Trilogy offers a vibrant lifestyle with access to golf, pickleball, a resort-style pool, and numerous activities and amenities designed to keep you active and connected with the community. Experience the perfect blend of luxury and leisure in this stunning property.

View Property

6827 E Orion Drive Scottsdale, AZ 85257

New

$815,000

3 Beds

2.5 Baths

2,005 SqFt

Status Active

MLS # 6784266

Property Type Single Family Residence

Price Type --

New Lower Price. Vista Skye is filled with beautiful high quality fixtures and finishes that would normally be found in the most sophisticated properties in New York, San Francisco or Miami. Luxury and Style exude from VISTA SKYE. The fun begins with the entrance to the private, gated community of Skye On McDowell. A community of all Single Family Detached homes, these are not townhouses! The meticulously maintained Pool / Spa / Bbq Pavilion and Fitness Center beckons you to relax with friends and family. VISTA SKYE is an extended Concerto model, picking up extra square footage. Loaded with the most sought after features such as Italian ceramic tile, and ultra luxury carpet in all the right places. You will love the openness of VISTA SKYE, with 10 Ft. ceilings, high quality windows to

View Property

7141 E Rancho Vista Drive Unit 4004 Scottsdale, AZ 85251

$815,000

2 Beds

2 Baths

1,424 SqFt

Status Active

MLS # 6632314

Property Type Apartment

Price Type --

This luxury 2 bedroom, 2 bathroom condo offers a lavish and comfortable living experience. Located in a desirable area, this condo provides a sophisticated and stylish space for residents to enjoy. As you enter the condo, you are greeted by an open-concept living area that combines the living room, dining area, and kitchen. The living room is spacious and elegantly designed, featuring large windows that fill the space with natural light and offer panoramic views. The kitchen is a chef's dream, equipped with new quartzsite countertops, and ample storage space. It is designed to be both functional and visually appealing, making it a pleasure to prepare meals and entertain guests. The adjacent dining area is ideal for enjoying meals with family and friends, with plenty of space for a dining table and chairs. The condo features two luxurious bedrooms, each with its own ensuite bathroom. The bedrooms are spacious and offer a tranquil retreat for relaxation. Large windows allow natural light to fill the rooms, creating a bright and inviting atmosphere. The ensuite bathrooms are beautifully designed with modern fixtures. Amenities include concierge, indoor & outdoor heated pool and spa with women and men's locker room, fitness center, racquetball & basketball court. Walking distance from Scottsdale Fashion Square Mall, Old Town, restaurants, & so much more

View Property

8313 E Rancho Vista Drive Scottsdale, AZ 85251

$815,000

3 Beds

2 Baths

1,810 SqFt

Status Active

MLS # 6755012

Property Type Single Family Residence

Price Type --

Welcome home to your very own private oasis nestled in Scottsdale. This stunning home offers 3 bedrooms, 2 bathrooms, and a spacious 3.5-car garage with an RV gate. Designed for style, comfort, and convenience, this home is sure to impress! The chef's kitchen stands out with its stainless-steel appliances and granite countertops, complemented by a stylish backsplash and tall cabinets that provide an abundance of storage. For added convenience, the kitchen features a wine cooler, a custom breakfast bar, pot filler, microwave drawer, and much more. Enjoy the elegance of bamboo wood flooring throughout, along with tall ceilings and recessed lighting that brighten the large, open living spaces. Step outside and enjoy your private backyard oasis, complete with a pool, turf, and mature shady trees. The large lot features low-maintenance desert landscaping, allowing you to spend more time enjoying your home and less time on upkeep. Plus, with no HOA, you have the freedom to make this space truly your own! This property is a rare find, conveniently located in the heart of Scottsdale near highly-rated schools, freeway access, Old Town Scottsdale, highly sought after golf courses, shopping centers, restaurants, and the best entertainment Scottsdale has to offer. **BONUS GREAT NEIGHBORS** The neighborhood itself is fantastic, offering a wonderful sense of community.

View Property

7615 W Wagoner Road Glendale, AZ 85308

$815,000

5 Beds

3 Baths

3,453 SqFt

Status Active

MLS # 6725213

Property Type Single Family Residence

Price Type --

Stunning 5-bedroom residence in Hidden Manor is a dream come true! Manicured landscape, an extended driveway, & a large RV gate is just the beginning. Prepare to be impressed by an enchanting interior adorned with recessed lighting, engineered wood floor, a neutral color palette, & a delightful fireplace. The impeccable kitchen showcases a marble backsplash, SS appliances, white shaker cabinets, a walk-in pantry, quartz counters, & a pass-through window with a breakfast bar. The main suite features soft carpet in all the right places & a private bathroom with granite dual sinks for added comfort. Discover the oversized backyard providing the perfect spot for outdoor entertaining! This gem won't disappoint!

View Property

4327 S Kimberlee Drive Chandler, AZ 85249

$815,000

5 Beds

4 Baths

3,914 SqFt

Status Active

MLS # 6764175

Property Type Single Family Residence

Price Type --

This stunning 2-story home in Chandler 85249 is giving ALL the vibes! Offering a blend of space, elegance, and potential that's hard to come by. As you pull up, you'll be greeted by the expansive 3-car tandem garage, providing ample parking and storage space for all your vehicles, tools, and toys. Step inside and prepare to be wowed by the HUGE open entryway, highlighted by a striking balcony that lines the second floor. The soaring ceilings and natural light create an airy and inviting ambiance, making this the perfect blank canvas to bring your vision to life. Freshly painted, the home is ready for you to add your personal touch. With neutral tones throughout, the possibilities are endless for customizing each space to suit your style. Whether you're planning to upgrade the kitchen, personalize the living areas, or design a dreamy backyard retreat, any investment you make in this property will make you happy you did. One of the home's crown jewels is the private pool-ideal for cooling off on those hot Arizona days or entertaining guests in your own backyard oasis. Imagine spending weekends lounging poolside, hosting BBQs, or enjoying quiet evenings under the stars. Upstairs, you'll find the spacious bedrooms, perfect for relaxation and privacy. The second-story layout offers a flex space retreat away from the main living areas, allowing you to unwind in comfort after a long day. The primary suite is particularly inviting, with ample room to create your own luxurious sanctuary. Location is everything, and this home does not disappoint! Nestled in a prime Chandler zip code, you'll enjoy easy access to shopping, dining, and entertainment. Plus, you're just minutes away from major highways, making commuting a breeze. This home is a rare find-offering both incredible value and room to build even more. Whether you're looking for your next home or an investment opportunity, this property checks all the boxes. Don't miss your chance to make it yours!

View Property

3700 E Carob Drive Gilbert, AZ 85298

$815,000

6 Beds

4.5 Baths

3,661 SqFt

Status Active

MLS # 6764021

Property Type Single Family Residence

Price Type --

Stunning 6-Bedroom Home in The Bridges at Gilbert with Resort-Style Backyard! Welcome to your dream home! This spacious 6-bedroom, 4.5-bathroom home boasts nearly 3,700 sq. ft. of living space, offering comfort and luxury for the entire family. Featuring an expansive 3-car garage and a double loft, perfect for additional living areas, this home is designed with both style and function in mind. The open-concept floor plan includes a large den/office, formal dining room, and resort-inspired backyard complete with a sparkling pool and relaxing jacuzzi—ideal for entertaining or unwinding after a long day. Nestled in the highly sought-after Lake Community of The Bridges at Gilbert, this home is one of Taylor Morrison's most popular two-story designs. Just minutes away from high-end shopping, top-rated schools, Gilbert Regional Park, fantastic dining options, and convenient freeway access, this home offers the perfect blend of luxury and location. This is the perfect setting to entertain family and friends while creating lasting memories! Don't miss out on this gem in the heart of Gilbert!

View Property

18871 E Mockingbird Drive Queen Creek, AZ 85142

$815,000

6 Beds

4.5 Baths

3,850 SqFt

Status Active

MLS # 6772172

Property Type Single Family Residence

Price Type --

Move-in ready and GORGEOUS! Beautiful 6 BEDROOM, 4.5 BATH home in the very desirable Cortina neighborhood. Perfect natural light leads into a stunning custom office, great room & family room! HUGE master bedroom and master bath, separate shower/tub, double sinks, & walk-in closet. Includes spacious loft & upstairs laundry room. A remodeled kitchen with a large island, backsplash, walk-in pantry & large breakfast room. Brand new carpet through upstairs & new bath & laundry room flooring. Home has plenty of storage, including a GIGANTIC 4 car garage, a large RV gate & side yard. The home is beautifully landscaped front & back with a luxury pool & spa in 2021, in-ground trampoline, and mature fruit trees. Recently painted exterior & front yard refresh in 2022. Welcome home!

View Property

15212 N 53rd Street Scottsdale, AZ 85254

Open House

$815,000

3 Beds

2 Baths

1,809 SqFt

Status Active

MLS # 6768560

Property Type Single Family Residence

Price Type --

Welcome home to this updated home in the desirable 85254 neighborhood! This bright and spacious 3 bed, 2 bath home features a large formal living space with vaulted ceilings, new wood plank-look tile throughout, plantation shutters, and a formal dining/cozy family room with a wood-burning fireplace. The large primary bedroom has a private backyard entry, and ensuite bathroom with double sinks and walk-in closet. The functional kitchen features black granite, a breakfast bar, pantry, stainless steel and black appliances and recessed lighting. The private backyard is perfect for relaxing or entertaining and has a large covered patio and sparkling pool and spa. Minutes to the SR 51, Kierland and Scottsdale Quarter shopping and dining, and multiple golf courses. All furniture available!

View Property

1768 W Redfield Road Gilbert, AZ 85233

Open House

$815,000

5 Beds

3 Baths

3,273 SqFt

Status Active

MLS # 6781579

Property Type Single Family Residence

Price Type --

FULLY REMODELED! TURN-KEY! Brand new kitchen & flooring! The backyard offers stunning views, low-maintenance landscaping, and a sparkling pool with brand new pebble surface. Inside, the open floor plan you'll find huge living areas, as well as additional bedrooms and full bath downstairs. Brand NEW beautiful wood-like tile, luxury carpet & professionally painted throughout. The kitchen has been fully remodeled w/ new cabinets & quartz countertops. TWO NEWER AC UNITS ensure low electric bills. All appliances are newer & come w/ the house, including additional laundry room fridge & washer/dryer pair. Upstairs, you'll find three generously sized bedrooms + a master retreat w/ a private balcony. The community offers great amenities, including tennis courts, parks, basketball! This won't last!

View Property