#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

2805 N 13th Avenue Phoenix, AZ 85007

$729,000

3 Beds

2 Baths

2,148 SqFt

Status Active

MLS # 6763043

Property Type Single Family Residence

Price Type --

Experience urban living at its best in the highly sought-after historic community of Encanto Manor. This mid-century modern home, located near the Encanto Golf Course, has undergone extensive upgrades while maintaining its historic charm. Offering three bedrooms and a spacious flex room that can easily be converted into a fourth bedroom, this gem is just minutes from trendy restaurants and freeway access. The inviting courtyard, featuring a large, serene fountain, adds to the home's charm. The clean lines and minimalistic architecture highlights mid century modern design. All stainless appliances convey with remodeled kitchen with a custom sitting booth in kitchen, 5 ton 19 seer Trane variable AC the most energy efficient AC on market (2021) ,all new energy efficient Anderson windows,newer electrical panel, recessed lighting throughout,newer ceiling fans,newer architectural shingle 50yr roof, outdoor covered sitting areas, way too many items to list. Encanto Manor is adjacent to shopping, bistros, and neighborhood dining!

View Property

4868 E Muriel Drive Scottsdale, AZ 85254

$729,000

3 Beds

2.5 Baths

1,832 SqFt

Status Active

MLS # 6771281

Property Type Single Family Residence

Price Type --

Discover Luxurious Farmhouse Living in this meticulously maintained 2022 built 3-bedroom, 2.5-bath home with a 2-car garage, featuring an epoxy floor and a 240V EV charger. Nestled in the sought-after Arabella community within the highly coveted ''magic'' 85254 zip code, this energy-efficient home offers modern living at its finest with both style and sustainability. Features include 10' Ceilings, SS Gas Appliances, leased solar panels, dual-pane ENERGY STAR® Low-E windows, and a tankless water heater. Close to the 51 and 101 freeways. Experience the Scottsdale lifestyle with nearby golf courses, hiking trails, shopping, sports venues, and top-tier restaurants. This home offers the perfect blend of convenience, energy efficiency, and luxury in one of the most desirable areas in the Valley!

View Property

19562 N Wikieup Court Surprise, AZ 85374

$729,000

3 Beds

2 Baths

2,298 SqFt

Status Active

MLS # 6779515

Property Type Single Family Residence

Price Type --

Luxury and comfort await you in this beautiful Golf Course home! Enjoy panoramic golf course & mountain views from family room, primary suite & guest bedroom, creating a serene retreat. Open split floor plan w/soaring 10-foot ceilings. Home features granite countertops, rich wood cabinetry +newer stainless-steel appliances. Primary suite: spacious shower, jetted tub & custom walk-in closet. Relax on large, covered patio w/fenced yard overlooking stunning golf & sunset views. 2.5-car garage provides ample space for vehicles and golf cart with epoxy flooring. Updates include HVAC (2016), windows (2021), water heater (2017), plus fresh paint & carpet 2024. Community features: Golf, Tennis, Rec Center w/Heated Pool, Spa, Billiards & more! Private area in the backyard designed & wired for spa. New Furnishings available on separate Bill of Sale. The lower area with the wrap around in the backyard is designed and wired for a relaxing spa/jacuzzi.

View Property

766 W Locust Drive Chandler, AZ 85248

$729,000

4 Beds

2 Baths

2,303 SqFt

Status Active Under Contract

MLS # 6766701

Property Type Single Family Residence

Price Type --

Beautiful 4-bedroom single level home! Sparkling play pool with new Pebble Tec and pool pump/filter. 3 car garage. 2 new complete HVAC systems. Extra attic insulation. Large eat in kitchen with oversized island, granite counter tops, gas range, stainless steel appliances, and separate drink fridge. Large primary bedroom and ensuite with new built-in closet system. Beautiful back yard with pavers and large covered patio great for entertaining. North-South facing lot just a short distance from Basha Elementary and neighborhood park.

View Property

4151 E Cullumber Court Gilbert, AZ 85234

$729,000

5 Beds

3 Baths

3,098 SqFt

Status Active

MLS # 6733642

Property Type Single Family Residence

Price Type --

Welcome to Highland Groves at Morrison Ranch, known for its lush green grass and charming white picket fences. This beautiful home boasts a prime location at the end of a quiet waterfront cul-de-sac with no neighbors to the east. Enjoy the serene setting across from a neighborhood park, with great amenities including fishing ponds, walking paths, playgrounds, and basketball courts. Featuring 5 bedrooms and 4 bathrooms, the functional floor plan includes a full bedroom and bathroom on the first floor. Recent upgrades include brand new interior paint and flooring (2024), a newer hot water heater (2023), microwave, new HVAC systems (2024), Conveniently located with easy access to the 202.

View Property

27227 N 31st Drive Phoenix, AZ 85083

$729,000

4 Beds

2 Baths

2,958 SqFt

Status Active

MLS # 6745715

Property Type Single Family Residence

Price Type --

Wow! What an ENTERTAINER'S DREAM, only 10 MINUTES AWAY from new world-renowned TSMC SEMICONDUCTOR! Boasting ALMOST 3000 SQ FT, Single-Leve, on HUGE PIE-SHAPED LOT w/RESORT-STYLE BACKYARD w/fiberoptic lit POOL, BUILT-IN BBQ, Covered PATIO, a TURF AREA for DOGS & KIDS! +$5k floor credit! **SEPARATE FAMILY & LIVING ROOMs w/UPGRADED KITCHEN have been METICULOUSLY MAINTAINED & only 5 MILES to pristine ''500 CLUB GOLF COURSE''! Its PRIMARY OWNER's SUITE offers RARE extra SITTING ROOM private sanctuary to use as a DEN or Gym! A 2020 Trane HVAC has 10-year warranty *FRONT BEDROOM could be IDEAL PRIVATE GUEST SUITE w/adjacent bathroom secluded from other bedrooms for guests' ultimate privacy! **LOCATED NEAR EVERYTHING- shopping, restaurants, parks, hiking & mins away from I-17 & Loop-101 freeways

View Property

2734 N Trevino Place Mesa, AZ 85215

$729,000

3 Beds

2 Baths

2,072 SqFt

Status Active

MLS # 6753583

Property Type Single Family Residence

Price Type --

Do you entertain? Love to have family & grandkids over or just want some breathing room? You will love this Apache Wells new build w/expansive golf course views! Large windows/dbl sliders to expansive cantilevered patio, upscale gourmet kitchen, dining & great room w/ entertainment center. Lg master bedroom and bath w/dbl vanity, large tiled shower & spacious walkin closet. 9 ft ceilings, gourmet kitchen w/soft close white cabinets, beautiful matte quartz counters, huge pantry, stainless appliances. Need a golf cart garage/workout room/crafts room/shop area? Check this out!! Apache Wells is an amazing community w/a low $74/month HOA fee. Fitness center, heated pool and spa, more! This home is easily be adaptable to handicap accessibility!! Quick move in available. Never occupied!

View Property

1436 W Windhaven Avenue Gilbert, AZ 85233

$729,000

3 Beds

2 Baths

2,300 SqFt

Status Active

MLS # 6768851

Property Type Single Family Residence

Price Type --

This beautifully updated 3-bed+Den (or 4th bed), 2-bath, single-story home on a 16,747 sq ft lot w/ newer HVAC (2021), offers modern design and spacious outdoor living. A bright and open floor plan features wood-look flooring, a large fully remodeled kitchen with granite countertops, stainless steel appliances, and an inviting island with seating. The large sunroom is the perfect space for a game room/office or additional living room! The primary suite boasts a luxurious ensuite with dual vanities, a large walk-in shower and a soaking tub. This expansive backyard includes a covered patio, mature trees, ample space for outdoor activities or future customization. A serene location, complete w/ community pool & park, just 2 miles from Gilbert's Heritage District, + brand new carpet and paint With move-in-ready finishes, make this home a must-see!

View Property

2926 E Fountain Street Mesa, AZ 85213

$729,000

5 Beds

3 Baths

2,931 SqFt

Status Active

MLS # 6776275

Property Type Single Family Residence

Price Type --

A Beautiful Permanent rock grill, Plantation Shutters, Travertine Pavers in front and back..........and.....NO HOA! Imagine YOUR family living here. Aren't they worth it?

View Property

1964 S Marble Street Gilbert, AZ 85295

$728,900

4 Beds

2.5 Baths

2,832 SqFt

Status Active

MLS # 6661810

Property Type Single Family Residence

Price Type --

Spacious 4bed/2.5 bath single level home w/ massive built-in office in highly sought after Gilbert location! Formal and informal living and dining! Large air-conditioned Sunroom addition! Spacious kitchen with an abundance of storage features refreshed cabinetry, quartz countertops, and walk-in pantry. HUGE master bedroom with his and hers closets! Floor partially updated in 2022. Washer & Dryer replaced in late 2023. Sparkling Pool with waterfall! Corner lot near community park and Ashland Ranch Elementary school! RV Gate! Lots of storage. 50 amp/ 240V electric vehicle outlet installed in garage. Enjoy the many neighborhood parks with playgrounds, BBQ and basketball! Minutes from San Tan Village, dining, shopping and entertainment, easy access to freeway, and so much more...

View Property

4416 E Hartford Avenue Phoenix, AZ 85032

$728,000

3 Beds

2 Baths

1,889 SqFt

Status Active

MLS # 6775910

Property Type Single Family Residence

Price Type --

An amazing opportunity to own this beautiful home in a quiet gated neighborhood. Lots of love and nurturing have gone in to every detail. This single level property features 3 bedrooms with 2 full baths. The kitchen is delightful and offers upgraded cabinetry in a timeless rich finish paired perfectly with granite counters and stone backsplash. You will also find stainless appliances to include the refrigerator and a GAS range. An island, a space for barstools, and a dedicated pantry add convenience to your daily routine! You will love the dining space that is flooded with natural light and overlooks the vibrant Bougainvillea. The laundry room is just off the kitchen and is quite spacious. The kitchen flows into the family room making this ideal for entertaining or comfortable family living. The primary bedroom is a peaceful retreat and features a spa-like bath complete with garden style tub, walk-in shower, dual sinks, and an amazing walk-in bathroom. The secondary bedrooms are also generous in size and share a full-size bathroom. You will spend much of your time enjoying your thoughtfully landscaped backyard or dining under your covered patio. The north facing backyard allows for year around enjoyment no matter the time of day! A gorgeous statue of Mother Mary, surrounded by greenery and roses add its own charm at night with the abundance of lighting. From every window, you see greenery. There is even a hand painted mural in front of a guest-room window that your guests will enjoy waking up to. Some of the upgrades to take note of are neutral tile flooring with coordinating trim work, custom designer silk Roman shades, designer paint tones throughout, recently painted exterior paint, whole house water filtration system, and so much more. You will sense the pride and love that this original owner has had for this home. The time has come for someone else to create new memories. Let that be you!

View Property

31170 N Trail Dust Drive San Tan Valley, AZ 85143

$728,000

5 Beds

3 Baths

3,128 SqFt

Status Active

MLS # 6706780

Property Type Single Family Residence

Price Type --

Your dream home is here! This gorgeous 5-bed, 3-bath residence is complete with a 3-car garage, RV gate, stone accents, and a meticulously maintained front yard. The great room showcases high ceilings, plantation shutters, and Travertine flooring. Host dinner gatherings in the formal dining room. The impeccable eat-in kitchen boasts granite counters, ample wood cabinetry with crown moulding, pendant/recessed lighting, a stylish tile backsplash, SS appliances, a pantry, and an island with a breakfast bar. Double doors lead to the main bedroom, offering balcony access for a breath of fresh air, a cozy sitting nook, an ensuite with dual sinks, and a walk-in closet. The backyard features a covered patio, a warm fire pit, a gazebo with a built-in BBQ, and a refreshing pool. Make this gem yours

View Property