#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.

#1 Answer to the Housing Shortage: New Construction | Simplifying The Market

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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2310 E Sunnyside Drive Phoenix, AZ 85028

$778,000 - 3Br/2Ba -  for Sale in Desert Vista 6, Phoenix
Open House
$778,000
3 Beds
2 Baths
2,148 SqFt
Status Active
MLS # 6727882
Property Type Single Family Residence
Price Type --
Discover this peaceful 3-bedroom family home that offers luxurious mountain views from both the front and back of the property. Step inside to brand new carpet and fresh paint throughout, enhancing the spacious feel of the vaulted ceilings. The completely redone backyard is ideal for hosting or a quiet evening decompressing outdoors. Indulge your morning coffee or a nightcap on the spacious second-story deck, soaking in the views. Enjoy the convenience of a two-car garage and two driveways. The updated upstairs master bath features a steam shower that makes relaxing an ease. Located within walking distance to a mountain preserve, great for those who appreciate the outdoors. This home is a hidden treasure in 85028. Come see it in person to truly appreciate the detail and charm.

10302 W Deanna Drive Peoria, AZ 85382

$777,900
4 Beds
3.5 Baths
3,224 SqFt
Status Active
MLS # 6778793
Property Type Single Family Residence
Price Type --
Step into this like-new, 2024 built, spacious 3,200+ sq. ft. home, designed with versatility and modern comfort in mind. Featuring a flexible floor plan with 4 generously sized bedrooms, 3.5 bathrooms, a loft, media room and 3 car garage this home offers ample space for every need! The interior boasts stunning contemporary finishes, including light fixtures, ceiling fans, flooring, 10 ft ceilings, 8 ft doors, and more! Enjoy the modern, stylish kitchen with sleek stainless steel appliances, quartz countertops, and a large kitchen island—perfect for cooking and entertaining. The primary suite includes a spacious walk-in closet and ensuite bath with a barn door, dual sinks, and a walk-in shower. The finished, low-maintenance backyard features a covered paver patio, sparkling pool, turf, and desert landscaping. Added conveniences like a soft water system, smart home technology, and energy-efficient HVAC equipment make this home both functional and eco-friendly, while fully owned solar panels provide additional energy savings year round! Don't miss out on this modern gem!

20578 E Via De Colina -- Queen Creek, AZ 85142

$777,289
6 Beds
4.5 Baths
3,601 SqFt
Status Active
MLS # 6775414
Property Type Single Family Residence
Price Type --
MLS#6775414 February 2025 Completion. The Lewiston is a spacious two-story floor plan offering 3,601 sq. ft. of thoughtfully designed living space, including 6 bedrooms, 4.5 bathrooms, and a 2-car tandem garage. As part of the Landmark Collection at Ellsworth Ranch, this home is one of our largest and most impressive designs. The foyer leads to a study and formal dining room, flowing into an open-concept kitchen, great room, and secondary dining area. Upstairs, you'll find all six bedrooms, 3 bathrooms, and a versatile loft. The primary bathroom features dual vanities with a convenient knee space, perfect for two people to get ready simultaneously, while the walk-in closet offers generous storage. The laundry room is also located upstairs, adding extra convenience. The Lewiston is a spacious two-story floor plan offering 3,601 sq. ft. of thoughtfully designed living space, including 6 bedrooms, 4.5 bathrooms, and a 2-car tandem garage. As part of the Landmark Collection at Ellsworth Ranch, this home is one of our largest and most impressive designs. The foyer leads to a study and formal dining room, flowing into an open-concept kitchen, great room, and secondary dining area. Upstairs, you'll find all six bedrooms, 3 bathrooms, and a versatile loft. The primary bathroom features dual vanities with a convenient knee space, perfect for two people to get ready simultaneously, while the walk-in closet offers generous storage. The laundry room is also located upstairs, adding extra convenience. This home is sure to capture your heart. Structural options include: super shower at primary bath, study with doors, shower in lieu of tub at bath 4, bedroom 6 and bath 4 in lieu of tandem garage.

12014 S 181st Drive Goodyear, AZ 85338

$777,000 - 3Br/3Ba -  for Sale in Estrella Parcel 5.5 Phase 2, Goodyear
Open House
$777,000
3 Beds
2.5 Baths
2,563 SqFt
Status Active
MLS # 6708029
Property Type Single Family Residence
Price Type --
WINNER OF BEST HOME ON ESTRELLA MTN RANCH TOUR !! Whether you are searching for a year round place to call home or a part-time retreat, this 2,563 sq ft David Weekley home in The Reserve of Golf Canyon will check the boxes on your wish list. This lovingly cared for property in better than new condition has more to offer with comfort and relaxation in mind. Located in the highly sought-after Estrella Mountain Ranch Resort Community. Living here offers access to: Golf Club of Estrella, a Nicklaus Design golf course and Troon managed facility 2 lakes and yacht club with use of kayaks, paddle boats and sailboats 65+ miles of hiking and biking trails 2 luxurious clubs complete with resort-style pools, kiddie splash pad, restaurants, 2 elite fitness centers and community rooms Sports courts including pickle ball, basketball & volleyball. BBQ pavilions and community parks with playgrounds, picnic areas and dog parks 2 Elementary Schools and 1 High School Easy access to I-10, the 101, 202 & 303 offers a convenient drive to State Farm Stadium, home of the Arizona Cardinals, Phoenix Raceway, downtown Phoenix, Scottsdale, shopping & more All this, surrounded by stunning mountain views. From the well-constructed 2x6 frame with many energy efficient features to the thoughtfully designed layout of the Splendor model to the over $90K in upgrades, you will love coming home at the end of the day! Start your day by enjoying coffee or tea in your sunny courtyard while you look out over the Estrella mountains. This spacious pavered outdoor living area surrounded by beautiful Arizona landscaping will energize you for the day ahead. And whenever you feel like you need to just clear your mind, step into your beautifully landscaped backyard complete with a fully pavered huge patio tucked under a full length of the house overhang to shelter you. This property on a wash with a view fence offers solitude as you take in the mountains to the north and south. Enjoy the beautifully designed cactus bed, the centerpiece of this yard, as well as pygmy palms, an ocotillo, a pomegranate bush, a Chasteberry tree, a Meyers lemon tree and a stately Mesquite tree which offers respite from the hot sun under its full umbrella. Take in all that nature has to offer, watching every native creature beautifully cohabitating with each other. Once inside, this gently lived in 3 BR 2.5 Bath home will not disappoint. As you step through the Therma Tru fiberglass front door, an open concept layout invites gatherings of all sizes with a beautifully designed kitchen waiting for your creations. GE Profile electric convection wall oven & microwave, 36 5-burner gas cooktop and Dry Convection dishwasher and stainless steel double sinks make your culinary creations enjoyable! Upgrades in this space with a Gourmet Kitchen Island include granite countertops, a Bosch 36 counter depth French door refrigerator, Oakcraft soft close cabinets, glass subway tile kitchen backsplash, Kichler ceiling fan and 20 offset tile flooring. This space also invites the outside in with ThermaTrue French doors overlooking the courtyard and both 12ft and 16ft sliders overlooking the landscaped and fully irrigated backyard. The Owner's Retreat (17' x 14) is bright and sunny with Hunter Douglas Silhouette sheer shades offering everything from privacy to full sun. The Master Bath with dual vanities and upgraded quartz countertops, soaking tub, roll-in shower and water closet offers comfort, privacy and loads of storage. The Walk-In Closet offers space for all your belongings. In addition, a generous sized linen closet stores all your linens and much more. The split floor plan allows family members or guests privacy, a generous footprint, Norman Shutters on all windows, a Jack and Jill bath with cultured marble sinks and upgraded backsplash, large linen closet and walk-in closets. The Study/Flexspace (12'8 x 12') and Utility Room complete with brand new washer, dryer, sink, loads of cabinet storage and a window both conveniently located right off the kitchen and garage entry round out the floor plan. Plenty of room for cars and storage in your tandem 3-car garage. Whole house upgrades include Kichler ceiling fans in all rooms, upgraded cabinetry throughout, custom flooring, front & back yards landscaped. Whole house custom designed water filtration system and water softener. Remote control sunshades (2) and lighted fans (2) offer protection and comfort from the AZ sun. A diamond in this 20,000 acre resort-style master planned community, put this house at the top of your list to view today!

21611 S 191st Place Queen Creek, AZ 85142

$776,501
4 Beds
2.5 Baths
2,661 SqFt
Status Active
MLS # 6765459
Property Type Single Family Residence
Price Type --
MLS#6765459 January Completion! As you enter the Ramsey through the foyer, a hallway to the right leads to three secondary bedrooms and a full bath. Continuing straight, you'll pass a spacious laundry room before arriving at the open-concept kitchen, gathering room, and dining area. The primary suite is located at the back of the home, featuring a lovely private bathroom with double vanity sinks and a generous walk-in closet. Structural options added include; 4th bedroom and gourmet kitchen.

7081 W Knox Road Chandler, AZ 85226

$776,000
4 Beds
3.5 Baths
2,722 SqFt
Status Active Under Contract
MLS # 6769013
Property Type Single Family Residence
Price Type --
Beautiful modern home in the unique resort-style gated community of Rhythm offering 4bed, 3.5bath & open living room floor plan perfect for relaxation or gatherings. Living space features 2 retractable wall-size doors for seamless indoor-outdoor flow, abundant natural light, & integrated surround sound throughout. The upscale kitchen offers upgraded cabinets, gas cooktop, wall oven, & large walk-in pantry. The ensuite downstairs bedroom has its own private shower & large closet. The low-maintenance yard has a built-in BBQ, misting system, jacuzzi & easy access to community amenities which include gym facilities, pools, & gathering areas with TVs & fire pits. Upstairs, there is an open living area w/ built-in desk, large loft, spacious primary bedroom with 2 walk-in closets & spa-like walk-in shower, two additional bedrooms with plenty of storage space, additional bathroom & upstairs laundry room. The 2 + garage has epoxy flooring and built-in custom cabinetry. North-South exposure & perfect location close to major freeways, Phoenix Sky Harbor, trails connecting with Tempe's Highline canal trail, pickleball courts, and shopping/dining.

11175 N 109th Place Scottsdale, AZ 85259

$775,900
3 Beds
2.5 Baths
1,993 SqFt
Status Active
MLS # 6734060
Property Type Townhouse
Price Type --
A PRIVATE HEATED POOL, JACUZZI and OUTDOOR KITCHEN a one-of-a-kind townhome in this highly sought after neighborhood. Relax in the private courtyard surrounded by mature flowering trees and shrubbery, a meandering pressed concrete walkway and soothing water feature. This 1993 sq. ft., 3-bedroom, 2.5-bathroom, 2 car garage townhome has had many renovated features. See Feature Sheet. The kitchen has abundant painted cabinetry, enhanced by subway tile surrounds, granite tops, new SS appliances, double basin SS sink and RO drinking system. Step outside through the French doors into the resort-like backyard. Spend many of your days and evenings relaxing in the pool or just lounge in the covered area or enjoy access to a community pool and spa, tennis courts, and scenic walking paths Just minutes from HonorHealth Scottsdale and Mayo Clinic. Quick access to Loop 101, and you're just minutes from Sky Harbor International Airport, Scottsdale Airport, Ancala Golf Club, and stunning hiking trails along the McDowell Mountains.

25927 W Ravina Lane Morristown, AZ 85342

$775,000
3 Beds
2 Baths
1,965 SqFt
Status Active
MLS # 6764781
Property Type Single Family Residence
Price Type --
Nestled on 1.87 acres near Wickenburg, this fully fenced newly built custom home seamlessly combines country charm with modern amenities and energy efficiency. Boasting 3 bedrooms, 2 full baths, and a 3+ car garage, this home offers a spacious feel across its 1,965 square foot floorplan. This property also offers horse accommodations, a wide open feel and is free of HOA restrictions. The heart of this home is its gourmet kitchen, showcasing top-of-the-line Kitchen Aide & Z-Line stainless steel appliances, including a 6 burner cooktop, complemented by solid wood cabinets, an expansive butcher block island, a farmhouse sink, and stunning waterfall quartz countertop. Step into the front living area to be greeted by a custom-designed 48'' linear gas fireplace, vaulted ceilings, (MORE) and abundant natural light, creating a serene and inviting ambiance. The master suite is a true retreat, offering access to the rear patio and connects seamlessly to a luxurious bathroom featuring dual vanities, a separate shower, a soaking tub surrounded by marble tile, and quartz countertops. Generously sized second and third bedrooms with mirrored closets and built-ins and a hallway bathroom with a marble tile shower/tub enclosure add to the luxury. Throughout the home, you'll find exquisite touches like tongue and groove natural wood, polished concrete floors, recessed ceiling LED lighting, ceiling fans in every room, and advanced wiring for speakers and security. The extended 3+ car garage, with 25' depth and 10' ceilings, offers ample room for all your vehicles and equipment. Outside, enjoy breathtaking sunsets from the extended front porch or morning serenity from the back patio. Additional amenities include a well water source, oversized septic system, full RV hookups, a 400-amp panel, extended slab parking and more. Designed for energy efficiency, this home boasts a Bunger Steel metal roofing system comes with a 20 year product and 35 year paint warranty. Anderson Fibrex windows, Tyvek HomeWrap, a Trane high SEER heat pump HVAC system coupled with Fantech's HRV fresh air system, and full spray foam insulation throughout. With its expansive grounds and thoughtful design, this country home offers endless possibilities, whether you dream of adding a pool, guest house, workshop, RV garage, mare motel, or space for horses and cattle. Don't miss this opportunity to fall in love with your new home today!

29869 Feather Mountain -27 Ac -- Paulden, AZ 86334

$775,000
3 Beds
2 Baths
2,021 SqFt
Status Active
MLS # 6749465
Property Type Single Family Residence
Price Type --
Welcome to your own slice of paradise! Breathtaking views from this amazing home nestled on 26+ acres of pristine land yards from the Prescott National Forest. Open and split floorplan, this home features 3 bed and 2 full baths. The living room boasts a gorgeous wood burning fireplace and vaulted ceilings. Bright and neutral kitchen with large island, ample cabinet space, and solid surface countertops. Retreat to the primary suite complete with a spacious bath, sitting area, and massive closet. Additional bedrooms offer comfort and privacy for family and guests. 3 car attached (31'x23') garage AND 4 car attached RV garage (19'.6''x45'.10'') with 16' ceiling. RV garage includes 1/2 bath and workshop area. Enjoy the endless views from the hot tub located on the deck. Strong 12+gpm well/.

2189 Asi Va Spring Trail Flagstaff, AZ 86005

$775,000
3 Beds
2.5 Baths
2,250 SqFt
Status Active
MLS # 6778186
Property Type Single Family Residence
Price Type --
** NEW CONSTRUCTION. Nestled within the world's largest stand of Ponderosa Pines, The Highlands at Tovar Springs offers the perfect harmony of natural beauty and modern living. Situated in Flagstaff's stunning landscapes, this new community provides the tranquility of mountain living with the convenience of a vibrant, thriving town. The Spruce floorplan, a two-story home featuring 3 bedrooms and 2.5 baths, is thoughtfully designed for comfort and flexibility. Located on Homesite #47, this is a unique opportunity to secure a home at introductory pricing. Scheduled for delivery in Winter 2025, this home is crafted for year-round enjoyment, ideal as a seasonal getaway or a primary residence.

1952 Sand Spring Trail Flagstaff, AZ 86005

$775,000
3 Beds
2.5 Baths
2,250 SqFt
Status Active Under Contract
MLS # 6774088
Property Type Single Family Residence
Price Type --
** NEW CONSTRUCTION. Nestled within the world's largest stand of Ponderosa Pines, The Highlands at Tovar Springs offers the perfect harmony of natural beauty and modern living. Situated in Flagstaff's stunning landscapes, this new community provides the tranquility of mountain living with the convenience of a vibrant, thriving town. The Spruce floorplan, a two-story home featuring 3 bedrooms and 2.5 baths, is thoughtfully designed for comfort and flexibility. Located on Homesite #39, this is a unique opportunity to secure a home at introductory pricing. Scheduled for delivery in Winter 2025, this home is crafted for year-round enjoyment, ideal as a seasonal getaway or a primary residence. The Highlands at Tovar Springs boasts easy access to miles of scenic trails and a nearby wildlife-rich natural wetland. Adventure is just outside your door, with hiking, biking, and wildlife viewing set against the stunning backdrop of the San Francisco Peaks. Only minutes from downtown Flagstaff, renowned for its culinary scene with two James Beard finalists, you'll also enjoy a rich cultural experience. Seamlessly connect to the Flagstaff Urban Trail Systema 75-mile network that winds through forests, canyons, and open spaces, linking parks, schools, and neighborhoods. Flagstaff is not only a gateway to outdoor adventure but a high-altitude training hub, attracting elite athletes and Olympians from across the globe.

1965 Sand Spring Trail Flagstaff, AZ 86005

$775,000
3 Beds
2.5 Baths
2,250 SqFt
Status Active Under Contract
MLS # 6778170
Property Type Single Family Residence
Price Type --
** NEW CONSTRUCTION. Nestled within the world's largest stand of Ponderosa Pines, The Highlands at Tovar Springs offers the perfect harmony of natural beauty and modern living. Situated in Flagstaff's stunning landscapes, this new community provides the tranquility of mountain living with the convenience of a vibrant, thriving town. The Spruce floorplan, a two-story home featuring 3 bedrooms and 2.5 baths, is thoughtfully designed for comfort and flexibility. Located on Homesite #41, this is a unique opportunity to secure a home at introductory pricing. Scheduled for delivery in Winter 2025, this home is crafted for year-round enjoyment, ideal as a seasonal getaway or a primary residence.

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