#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

8025 S Jefferson Avenue Casa Grande, AZ 85193

$725,000

4 Beds

4 Baths

2,459 SqFt

Status Active

MLS # 6734049

Property Type Single Family Residence

Price Type --

Experience the future of homeownership with this 2023 Net Zero Smart Custom Home, where you can say goodbye to water, gas, and power bills. Nestled on a tranquil 1.48-acre lot in Pinal County, this eco-friendly haven offers the ultimate in sustainable living, all with no HOA fees. Perfectly situated just minutes from the I-10 freeway, this property combines convenience with serenity. The open design seamlessly blends the living, dining, and kitchen areas, creating a spacious and inviting atmosphere ideal for both everyday living and entertaining. This home is a technological marvel, featuring 30 high-efficiency 450W solar panels and two 18kW backup batteries, ensuring you're always powered up. The Rannai water heater, triple low-E windows, thermal bridging, and top-tier insulation contribute to its impressive energy efficiency. Built on a robust 24'' foundation, this home also boasts numerous upgraded finishes and a charming wrap-around porch, perfect for enjoying the serene surroundings. The property includes a shared well, an advanced energy solar system, and a septic system, providing you with complete off-grid living. There's ample space and opportunity to bring your toys and horses, making it ideal for those who love outdoor activities and equestrian pursuits. Located just miles from LCID Motors, Attesa Motorsports Complex, and other exciting upcoming projects in Casa Grande, this home is perfectly positioned for both relaxation and adventure. Please follow the provided directions for your visit, as GPS may not be reliable in this area. Take advantage of the seller's willingness to carry the loan on this remarkable property and embrace a lifestyle of sustainability and tranquility

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2677 W Marita Street Queen Creek, AZ 85144

$725,000

4 Beds

3 Baths

2,766 SqFt

Status Active Under Contract

MLS # 6777084

Property Type Single Family Residence

Price Type --

BRAND NEW Construction w/ Custom-Quality Upgrades! This beautiful Modern Farmhouse is located on 1.25 ACRES of Horse Property. Gourmet Kitchen w/ WOLF Appliances, high-end Cabinets w/ 42'' uppers, White Quartz Countertops, 36'' WOLF Gas Cooktop & Range, Built-in Stainless-Steel pull-out Microwave & Wood Plank Tile Floors. Stunning Master Bathroom w/ Freestanding Soaking Tub, BEACH ENTRY Shower & Double Vanities. Exceptional Energy Efficient - boasting Spray Foam Insulation, Premium Trane AC units & High-end Windows. Superior Construction & Craftmanship includes Premium Roofing System, Premium Synthetic Stucco & much more! Estimated completion date in MARCH.

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8201 E Monterey Way Scottsdale, AZ 85251

$725,000

3 Beds

2 Baths

2,026 SqFt

Status Active

MLS # 6768389

Property Type Single Family Residence

Price Type --

Welcome to sunny Scottsdale, Arizona! This 2,026 sqft home is set on a private 1/4+ acre lot in the heart of Scottsdale, AZ. This lot is arguably the nicest lot in the community (private, no through streets, next to a quiet walking path) The original owner has taken immaculate care of the home. New roof 2024, sewer re-pipe 2024, New electric panel 2024... and the list goes on! This spacious floor plan allows for easy entertaining with open formal living and dining, while the heart-of-the-home family room (with fireplace) opens perfectly to the kitchen. Just off the living room you will find the large indoor laundry room and a private den with door access to the side yard! Use the den as a home office, gym space or crafts area. On the other side of the home, you will find three bedrooms and two bathrooms. Outside, relax under the oversized covered patio. Pick your own fruit from the handful of mature citrus trees. Watch the Arizona sunset from your own slice of paradise. This beautiful home is nestled in the highly desirable South Scottsdale Corridor - minutes from Old Town, Fashion Square Mall, Restaurants, MLB Spring Training Facilities, Chaparral Park, golf courses, hiking, and the 101 Freeway. Homes like this rarely come to the market. Schedule your showing today!

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19334 W Pasadena Avenue Litchfield Park, AZ 85340

$725,000

5 Beds

3.5 Baths

3,072 SqFt

Status Active

MLS # 6726453

Property Type Single Family Residence

Price Type --

GORGEOUS, SPACIOUS HOME ON PREMIUM, CORNER LOT! STARTING W/ THE WONDERFUL CURB APPEAL & INVITING COUTRYARD ENTRANCE, THIS HIGHLY UPGRADED HOME IS SURE TO IMPRESS YOU! FABULOUS KITCHEN W/ WOLF OVEN & MICROWAVE, GAS COOKTOP, BUILT-IN S/S REFRIG., TILED COUNTERTOPS/BACKSPLASH & LOTS OF CABINETS IS COMPLETE W/ BREAKFAST BAR, ISLAND, PANTRY, & BREAKFAST ROOM. POPULAR GREAT RM CONCEPT W/ SEP. DINING AREA. TERRIFIC SPLIT-BR FLOOR PLAN, WITH 3 OTHER BEDROOMS & CHARMING GUEST SUITE TO BOOT! EXPANSIVE MAIN SUITE HAS COZY FIREPLACE & SEP. EXIT. INSIDE LAUNDRY. POWDER ROOM. THIS 5 BR/3.5 BATH W/ 3 CAR GARAGE (TANDEM) IS LIKE A MODEL W/ PLANTATION SHUTTERS, & DESIGNER TOUCHES T/O! BEAUTIFUL TILE & LAMINATE FLOORING. BACKYARD PARADISE INCLUDES COV. & OPEN PATIOS W/ PAVERS, WATERFALL, & FIREPIT!

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1874 E Dava Drive Tempe, AZ 85283

$725,000

4 Beds

2 Baths

2,445 SqFt

Status Active

MLS # 6739730

Property Type Single Family Residence

Price Type --

Must see. Nicely renovated in 2022 with expensive shaw flooring throughout the house. marble shower, smart can lights in master bedroom, living room , kitchen and hallway. Kitchen has been fully upgraded with all brand new appliances and Quartz countertop. Come and see the luxurious upgrades in person. Seller and agent are related

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2158 N Yale -- Mesa, AZ 85213

$725,000

4 Beds

3 Baths

2,440 SqFt

Status Active

MLS # 6763692

Property Type Single Family Residence

Price Type --

Completely updated home in a non HOA community with potential ADU in backyard. Brand new roof, new paint on the inside and outside. Brand new carpet, synthetic grass for easy maintenance. Great schools, Stapley Jr High and Mountain View HS. Grab your Realtor and come see this house today

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4483 N Kirkwood Avenue Prescott Valley, AZ 86314

$725,000

4 Beds

2.5 Baths

2,754 SqFt

Status Active

MLS # 6739413

Property Type Single Family Residence

Price Type --

BEAUTIFUL, MOVE-IN READY HOME located in the popular Granville neighborhood. This 2,754 square foot, single-level home features 4 bedrooms, 2.5 bathrooms, and an office. The house includes all the desired upgrades such as granite counters, 42-inch upper cabinets, tall 10-foot doors, and wood and tile floors throughout (except in bedrooms). Additionally, it boasts a brand-new stainless steel double oven and professionally designed landscaping with flagstone and a stunning waterfall in the backyard. The property also offers a deep, insulated 3-car garage. Walking or biking distance to one of 3 clubhouses with amenities and activities for all ages.

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10080 E Mountainview Lake Drive Unit 204 Scottsdale, AZ 85258

$725,000

2 Beds

2 Baths

1,081 SqFt

Status Active

MLS # 6743674

Property Type Apartment

Price Type --

Beautiful views of Lake Serena & Mcdowell Mountains from balcony, bedroom & living room. Gated community with heated pools, spa, workout/rec room & access to the park that has many sports courts, ramadas, greenbelt & community center. Scottsdale Ranch best location in Scottsdale; minutes from Talking Stick Entertainment District, restaurants, Downtown Scottsdale, easy access to Fountain Hills and so much more! No one above. One car garage.

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1809 E Kasti Trail Sierra Vista, AZ 85650

$725,000

4 Beds

3 Baths

3,757 SqFt

Status Active

MLS # 6742051

Property Type Single Family Residence

Price Type --

THIS IS IT! Authentic Mud Adobe home featuring over 26,000 mud bricks made onsite! Highly insulated with 16' walls. Custom features such as exposed beams, vigas, saguaro ribs, all ceramic tile & stainless steel appliances. Beautiful hickory cabinets, solid wood doors & Pella windows. Upstairs you'll find your primary suite w/ separate den/office. Downstairs features a huge game/family room w/fireplace & separate den leading out to the patio . Huge kitchen w/ breakfast nook featuring custom table & chairs w/seating for 10. Built in large center buffet. Front & rear covered porches. Outside bathroom for INGROUND POOL area & built in tile counter w/BBQ, fridge & sink. Attached 2 car garage, detached 2+ car garage. Wonderful home for entertaining or large gatherings. HOME STARTS HERE!

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21320 N 56th Street Unit 2197 Phoenix, AZ 85054

$725,000

2 Beds

2 Baths

1,697 SqFt

Status Active

MLS # 6746388

Property Type Townhouse

Price Type --

Experience resort-style living at its finest in the luxurious Bella Monte community! This sunny, south-facing second-floor gem offers 2 bedrooms plus a den and 2 full baths, and comes fully furnished. The warmth of this home embraces you as soon as you step onto the front balcony and enter the open, inviting space. The open-concept design features a spacious family room, a well-appointed kitchen with updated counters, backsplash, and flooring, and a large rear balcony—ideal for hosting gatherings, big or small. The two split bedrooms, each with its own walk-in closet, provide the perfect retreat after a day of enjoying all this community has to offer. The fully updated baths add a touch of luxury, making every day feel like a spa day. Additional perks of this lovely unit include a full-size (not tandem) 2-car garage, a first-floor storage closet, balconies on both the north and south sides, and a large storage closet in the laundry room. Plus, you're just a few blocks from Desert Ridge, City North, and easy access to highways 101 and 51. Go to our website for more information Seller is willing to sell unit -fully furnished.

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5169 N 207th Drive Buckeye, AZ 85396

$725,000

2 Beds

3 Baths

2,454 SqFt

Status Active

MLS # 6747130

Property Type Single Family Residence

Price Type --

Welcome to your dream home in the serene gated community of Mountainside in Victory, for 55+, where every detail has been thoughtfully curated to blend luxury with comfort. This exquisite home offers breathtaking mountain views and boasts 2 spacious bedrooms and 3 elegantly designed bathrooms. The main level features a primary bedroom with a spacious bath and a custom walk-in closet. Downstairs also includes a den, meticulously finished with custom built-in cabinets, providing ample storage and an elegant touch. You have another bedroom and full bathroom to complete the downstairs. The heart of the home is the upgraded kitchen, a chef's delight w/ granite countertops, stylish tile backsplash, a custom pantry and extended island that invites both culinary creativity and casual gathering. The open-concept layout seamlessly connects the kitchen to the living and dining areas, making it ideal for entertaining. Upstairs, you'll find a versatile loft area that opens to a generous balconyperfect for taking in the stunning vistas or relaxing with a good book. The loft is complemented by a full bathroom, making it an excellent space for guests or a private retreat. Opening your extended sliders downstairs to the backyard you will find a private oasis featuring travertine decking, a built-in fire pit, and a motorized shade creating an inviting space for outdoor enjoyment and cozy evenings under the stars. Home upgrades include custom motorized shades in every room, providing ultimate privacy. This SMART home also includes a two-car epoxy garage, reverse osmosis, and a water softener. This exceptional property marries custom finishes with practical design, ensuring a sophisticated yet comfortable living experience.

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32121 N Chestnut Trail San Tan Valley, AZ 85143

$725,000

5 Beds

3.5 Baths

4,223 SqFt

Status Active

MLS # 6749930

Property Type Single Family Residence

Price Type --

Welcome Home! This home is move in ready. This home has an open floorplan with multiple entrances, courtyard and patio. Home is on approximately a 1/2 acre lot in a golf course community. Hurry on over as this home will not last!

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