#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

2547 E Virginia Circle Mesa, AZ 85213

$769,900

4 Beds

3 Baths

2,462 SqFt

Status Active

MLS # 6782343

Property Type Single Family Residence

Price Type --

Turnkey move in ready showing huge discounts on a large corner lot!! End of year specials on all quick closing homes. This price includes all the upgrades plus lot premium! This home has a incredible oversized driveway with the cul-de-sac out front! New photos coming soon! From the private front courtyard to the open great room space with the darling butlers pantry this is a home to check out! 3 Bedrooms Plus a Den with a walk in closet, 3 full bathrooms and a 3 car tandem garage featuring 8Ft Tall Garage door with nice side yard space and beautiful finish details. Location within 10 minutes of Tempe, 15 mins to Scottsdale with a quick shot to the airport and downtown phoenix! Staging furniture does not convey.

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5208 W Trotter Trail Phoenix, AZ 85083

$769,900

6 Beds

4 Baths

4,070 SqFt

Status Active

MLS # 6758952

Property Type Single Family Residence

Price Type --

This impressive two-story home offers six spacious bedrooms and four modern bathrooms, making it perfect for larger families or those who love to entertain. The gourmet kitchen features a generous island, stainless steel appliances—including a dishwasher, microwave, cooktop, and double ovens—and a convenient pantry, all seamlessly flowing into the inviting family living area. Fresh interior paint enhances the home's bright and airy feel, while new carpet in the bedrooms and luxury vinyl plank flooring in the main living areas add both comfort and style. The primary bedroom is located upstairs alongside four additional bedrooms, with one bedroom conveniently situated on the main floor. Outside, a beautiful pool awaits, creating an ideal oasis for relaxation and fun.

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25634 N Singbush Loop Phoenix, AZ 85083

$769,900

5 Beds

3.5 Baths

3,482 SqFt

Status Active Under Contract

MLS # 6701368

Property Type Single Family Residence

Price Type --

Nestled in the picturesque landscape of Stetson Hills in Phoenix, Arizona, stands an exquisite two-story house offering a blend of luxury, comfort, and breathtaking views. This magnificent home boasts five bedrooms, 3.5 bathrooms, and a refreshing pool, all set against the backdrop of majestic mountain vistas. A bedroom downstairs with a walk-in closet and private full bathroom. Two Brand new A/C condensers, brand new lights inside. High ceilings adorned with recessed lighting create an airy ambiance, while oversized windows flood the space with natural light, offering glimpses of the surrounding mountains from every angle. S/S appliances in the kitchen, nicely landscaped backyard and front yard. Close to shopping, grocery, retail, restaurants and major highways just seconds away

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880 E Wimpole Avenue Gilbert, AZ 85297

$769,900

4 Beds

3 Baths

3,474 SqFt

Status Active

MLS # 6766958

Property Type Single Family Residence

Price Type --

Welcome to a one-of-a-kind home in the sought-after Layton Lakes community in Gilbert! Originally a Tusa Homes model, this property showcases thoughtful design and high-quality construction, including 2''x6'' framing and rare 9' ceilings on the second floor. Upon arrival, a recently added paver driveway sets the stage for this beautifully upgraded home. Step into your private backyard oasis, where relaxation and entertaining take center stage. An inviting pool serves as the focal point, surrounded by extensive turf and pavered areas that provide ample space for lounging, dining, and outdoor activities. The backyard's carefully designed courtyard includes pavers, a lovely planter with a tree, and a peaceful water feature, offering a quiet retreat within this lush, thoughtfully landscaped Tspace. Inside, the kitchen stands out with its granite countertops, solid wood cabinetry, and an oversized island perfect for in-kitchen dining or casual gatherings. The family room boasts a soaring 22' ceiling, with built-in surround sound extending throughout much of the home and backyard, creating an ideal setup for entertaining. The open floor plan includes updated lighting and custom finishes like wood-silled interior windows, giving each room warmth and character. Three of the four bedrooms feature walk-in closets, and the primary suite has its own balcony overlooking the backyardunique to this home and perfect for enjoying quiet Arizona mornings or evenings. The large covered patio below adds shade and comfort, making outdoor gatherings a breeze. Additional features include epoxy flooring and custom storage racks in the garage and a newer water softener, ensuring convenience and style. Located in Layton Lakes, this home offers access to community parks, walking trails, and nearby shopping and dining. Don't miss the chance to experience this exceptional home

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777 W Ebony Way Chandler, AZ 85248

Open House

New

$769,900

3 Beds

3 Baths

2,545 SqFt

Status Active

MLS # 6779401

Property Type Single Family Residence

Price Type --

Location and lifestyle! Nestled in the heart of Ocotillo, this stunning corner lot home boasts an open floorplan, huge windows, fireplace, and exceptional vaulted ceilings. Enjoy separate living spaces with formal dining, family, & living rooms. Downstairs is a large office and a 3/4 bath away from main spaces. Kitchen has a large island, gas range, and a spacious walk-in pantry. Huge primary suite with updated bathroom. This home offers tons of storage with three-car garage, and multiple closets. Wood laminate & tile flooring throughout. The backyard is a private oasis w/covered patio, lush plants, gas fire pit, pool, and mature citrus trees. Enjoy quick access to amenities including golf, waterside walking paths, shopping, and premier restaurants. Start your new life today!

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377 E Windsor Avenue Unit 15 Phoenix, AZ 85004

Open House

$769,325

2 Beds

2.5 Baths

1,881 SqFt

Status Active

MLS # 6775047

Property Type Townhouse

Price Type --

Park7 on Windsor QUICK MOVE-IN HOME. LUXURY URBAN LIVING with no compromises including your own private sky lounge. Ideally located in Midtown Phoenix, close to all the action. Bespoke floorplans designed specifically for Park7 developed to create an exciting lifestyle on all levels with maximized privacy. Exceptional quality construction + design with solid CMU commons walls and 10ft ceilings throughout. Designer curated interior finish Packages with standard 24'' x 48'' large format tile floors, Bosch appliances, standard waterfall kitchen islands and floating vanities, tankless hot water, EV prepared garages and more! Relax under the night sky in your own private Sky Lounge - hot tub ready with fire pit and outdoor kitchen options.

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18324 W Highland Avenue Goodyear, AZ 85395

$769,000

5 Beds

3 Baths

3,110 SqFt

Status Active

MLS # 6712389

Property Type Single Family Residence

Price Type --

Welcome to the gated Community of Sedella! This immaculate 5-bed, 3-bath, split floor plan is an entertainer's dream. Complete w/ diving pool, fire pit, XL covered patio coupled w/ outdoor fans, speakers & misters. You'll appreciate the open living/dining room layout accompanied by a private theater area. The 16 ft wide sliding glass doors merge the indoor living space with the outdoors. Built-in speakers w/ volume control & CAT 5 wiring throughout. The kitchen features soft-close white cabinets with crown molding, stainless steel appliances, granite countertops & a large island/breakfast bar. The master bedroom features an onsite bathroom, dual vanities, soaking tub, a sit-down shower, & a large walk-in closet. Assumable VA loan available at 2.25%.

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3354 W Judd Road San Tan Valley, AZ 85144

$769,000

4 Beds

2.5 Baths

2,489 SqFt

Status Active

MLS # 6720208

Property Type Single Family Residence

Price Type --

***ARIZONA'S PREMIER CUSTOM BUILDER PERSENTS LUXURY AT ITS BEST MODEL HOME IN THE AREA. Many builders in the area are overpricing less quality builds for much more in the same neighborhood. This 4 bedroom 2.5 bath Contemporary Grand Style grand floor plan over 2400 sq ft will not last. Raised ceilings, high end doors, without paying extras for upgrades in the model center. This home has all upgrades included and ready for the discerning buyer. Grand entry Custom door imported from finest architectural Amalfi designer, by design kitchen cabinetry and glass backslash. French tied plush carpet, upgraded smooth texture walls like a true custom built. Extended kitchen cabinetry and panel doors throughout and more.

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7210 N 175th Avenue Waddell, AZ 85355

$769,000

3 Beds

2 Baths

2,026 SqFt

Status Active

MLS # 6753624

Property Type Single Family Residence

Price Type --

Beautiful custom slump block 3 bed, 2 bath home on almost two tree lined flood irrigated acres in coveted Waddell. This amazing Horse Property is on a private road. Home has it all from the covered courtyard entry, duel AC units, newly upgraded country kitchen w/ stainless steel appliances and quartz counter tops, 3 large bedrooms, split floor plan, great room, central laundry room, garage cabinets, and back covered patios where you can watch the beautiful sunsets.. Outside features 5 fenced pastures, round pen, Barn/ shop with bathroom, wash rack, tac and feed room, 6 huge covered heavy steel pipe stalls with electric and water. Rear entrance for loading livestock. Horse trails right out your back door just minutes from the White Tank Mountains where there are endless riding. trails.

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126 E Northern Avenue Phoenix, AZ 85020

$769,000

3 Beds

3.5 Baths

1,961 SqFt

Status Active

MLS # 6775220

Property Type Single Family Residence

Price Type --

Welcome home to this completely renovated 3-bedroom property ready for you to move in! With each bedroom having their own en suite bath, an additional half bath this home has lovely curb appeal w/ a 3 car garage (one being oversized), RV garage, & delightful brick pathways. The pristine interior boasts an open floor plan, high ceilings, plantation shutters, & luxury flooring. The dining area enjoys a chic chandelier & bountiful natural light. An open den w/backyard access provides a relaxing ambiance. The updated kitchen showcases plenty of wood cabinets, LG appliances, tile backsplash, an electric range, skylights, & an island with w/breakfast bar & pristine quartz counters. The serene main bedroom boasts an ensuite w/dual sinks, a freestanding soaking bath, a delightful tiled shower, & a walk-in closet. Host fun gatherings in the sizable backyard. Must see!

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1223 E Clearview Drive Casa Grande, AZ 85122

$769,000

5 Beds

3.5 Baths

3,215 SqFt

Status Active

MLS # 6776745

Property Type Single Family Residence

Price Type --

This absolutely stunning custom home is a rare gem in the desirable neighborhood of Clearview Ranch. This 5 bedroom 3.5 bath basement home is loaded with upgrades. The kitchen is an entertainers dream with ample cabinets, large walk in pantry, kitchen island, granite counters and looks out into the spacious living room with fireplace. Split floorplan. Large primary bedroom with walk in shower and jacuzzi tub. Bathrooms were updated in 2023. Updated flooring with beautiful Spanish tiles adorned on the basement steps. The backyard is tastefully landscaped and includes a salt water, heated pool and extended covered patio. Finished basement with 2 bedrooms, full bath and wetbar. Whole house Pureagian water system. And a 3.5 car garage!

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6814 E Monterey Way Scottsdale, AZ 85251

New

$769,000

3 Beds

2 Baths

1,800 SqFt

Status Active

MLS # 6783185

Property Type Single Family Residence

Price Type --

Spectacular home in a fantastic location! Professionally renovated and designed, this mid century home is simply stunning. The primary home has 3 bedrooms / 2 baths a gourmet kitchen (with gas range and stainless appliances) and great space to entertain. The detached guest house is essentially like a studio apartment with it's own small kitchen, bathroom, and shower/tub - great for guests from out of town or a little extra income if you sublet as a rental. The backyard is well appointed as well with beautiful grass and fully automated watering. Home also boasts owned solar panels. Now the phenomenal location.... you are directly in the heart of Old Town Scottsdale! The home is a short stroll from the Valley Ho, the Arts District, Scottsdale Waterfront, and 5th Ave shops, Fashion Sq!

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