#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

3714 W Whitehawk Lane Anthem, AZ 85086

$725,000

4 Beds

3.5 Baths

3,264 SqFt

Status Active Under Contract

MLS # 6769526

Property Type Single Family Residence

Price Type --

Remodeled to Perfection! Amazing Mountain Views, tucked in a Peaceful Pocket of Anthem, on a Generous N/S Lot. Big Rooms, Brimming with Appeal! 4 Bedrooms & 3.5 Baths, 1st Floor Guest Suite & Bath; Formal & Informal Spaces Designed w/Style & Comfort; Chef's Dream Kitchen w/Quartz C-Tops: Breakfast Bar & Center Island, Butler's Pantry, Professional Grade SS Appliances, Separate Eating Area/Casual Space; Plus Family Rm, Living & Dining Rm. Stunning Owner's Suite w/Luxury Spa Bath, Sitting Area, & Designer Closet. Large Loft (office), 2 More Guest Rooms & Bath on 2nd Level. Inviting Custom Entry, Wood-look Tile Flooring, Plantation Shutters, Custom Paint, Lighting, Tankless H2O Htr, + more. Laundry Rm, 1st Fl Powder Rm, Storage Space. Quick Access to I-17 Hwy, Restaurants & Shopping. Spacious Backyard w/Lrg Covered Patio, Newer Artificial Turf and Amazing Views. Plenty of room to add a private pool. Anthem is an Award-Winning Master Planned Community with incredible amenities: 60-acre Community Park, Catch & Release Lakes, Pickleball & Tennis Courts, Athletic & Fitness Activities, a Lap Pool, and Water Park. Make this your Home for the Holidays!

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6803 E Main Street Unit 1110 Scottsdale, AZ 85251

$725,000

2 Beds

2.5 Baths

1,432 SqFt

Status Active

MLS # 6682470

Property Type Apartment

Price Type --

Nestled within The Mark Condominiums, this stunning residence offers the epitome of modern elegance and convenience to Old Town Scottsdale. The meticulously remodeled unit is the perfect blend of comfort and sophistication. The sleek and stylish remodeled kitchen features top-of-the-line appliances including a Wolf stove. It's perfect for unleashing your inner chef. The new floors throughout the space add contemporary charm, and the open concept design seamlessly connects the kitchen to the spacious living area and patio, ideal for entertaining guests or enjoying cozy nights in. With not one, but two primary bedrooms, each is complete with its own ensuite bathroom. In addition, there is a versatile den/office, and an extra guest bath. Your patio is not only large, but very private - an extension of your home. Whether you're seeking a serene retreat or a functional workspace, this home has it all. Take advantage, also, of the community amenities offered by The Mark. From the convenience of a concierge front desk to secure underground parking for two vehicles, every aspect of luxurious living has been carefully curated for your convenience. Maintain your active lifestyle with access to the on-site fitness center, or unwind and socialize on the roof top, where a newly renovated pool and entertaining area awaits. Complete with a full outdoor kitchen, spa, pool, and firepit, this space sets the stage for unforgettable gatherings with friends and family against the backdrop of breathtaking city views. The garage spaces are EV ready. The wiring has been completed and approved by the Association for connection. Each owner pays a 1-time $1,000 connection fee so the new owner would only pay it if they wanted to use a charger. Don't miss your chance to experience the pinnacle of upscale living.

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3429 E Camino Circle Mesa, AZ 85213

$725,000

5 Beds

3 Baths

2,720 SqFt

Status Active

MLS # 6777928

Property Type Single Family Residence

Price Type --

In the heart of the east valley you will find this gorgeous 5 bedroom home situated in a col de sac on an oversized lot. As you enter this home there are two living rooms, a recently upgraded kitchen with a large island, a full bathroom and a large downstairs bedroom. Out back there is gorgeous pool with plenty of space for lounging and all types of activities. This property does not have an HOA. The home as two RV gates with plenty of space to park your toys in the backyard. This home is perfect for entertaining and has quite a few recent upgrades. There are not many 5 bedrooms homes with 3 full baths and a swimming pool in this area. Capitalize on this opportunity to own this versatile home in a fabulous location.

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16811 S 15th Avenue Phoenix, AZ 85045

$725,000

5 Beds

3.5 Baths

2,973 SqFt

Status Active Under Contract

MLS # 6761114

Property Type Single Family Residence

Price Type --

Move in ready home shows like a model w/ all of the designer like features, from the beautiful accent walls, all neutral paint throughout and tasteful upgrades you will not be disappointed. Enter in from brand new wrought iron security door to open bright high ceiling foyer. It has plenty of space with 5 bedrooms, 3.5 baths, and an excellent layout for both family living and entertaining. The new and modernized kitchen, featuring quartz countertops, updated cabinets, and a farm sink with motion sensor faucet, adds to the designer touch, while the family room and backyard setup with a putting green, gazebo, and pool make it a perfect spot for gatherings. The master suite is a highlight, with a spacious, updated bathroom, walk-in tile shower, and large walk-in closet, adding a luxurious fee The additional 4 bedrooms, full hall bath and Jack-n-Jill bath make it ideal for a family, and the large flex/media room gives extra options for personalization. Newer AC units, pool filter, soft water system and EV charger are practical and forward-thinking, making this home truly move-in ready with minimal future updates required. Because this home is a relocation it has been inspected thoroughly. These inspections are provided to the buyer.

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2705 N 26th Street Phoenix, AZ 85008

Open House

$725,000

3 Beds

2 Baths

1,826 SqFt

Status Active

MLS # 6759736

Property Type Single Family Residence

Price Type --

Discover this modern gem in a prime location! This 2015 built home features 3 spacious bedrooms, 2 bathrooms, and a versatile flex room perfect for a home office. Designed for low-maintenance living, enjoy polished concrete floors, synthetic grass, and desert landscaping. A welcoming wood accent wall greets you at the entry. The open floor plan flows to a sleek kitchen with stainless steel appliances, ample cabinet space, and an island for prep and seating. Expansive floor to ceiling glass doors lead to an oversized backyard, ideal for indoor-outdoor entertaining. The primary suite includes a chic sliding barn door, a dual-sink vanity, and a generous walk-in closet. Located just minutes from downtown Phoenix and Biltmore, this unique home is a must-see!

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15609 N 47th Street Phoenix, AZ 85032

Open House

$725,000

4 Beds

3 Baths

2,673 SqFt

Status Active

MLS # 6781070

Property Type Single Family Residence

Price Type --

Discover this stunning home nestled in the highly desirable Alcantara Villas community! Inside, enjoy a bright, open layout with a gourmet kitchen featuring sleek white cabinetry, quartz countertops, a large island, and a walk-in pantry. The spacious living areas include a versatile loft, perfect for an office, playroom, or relaxation space. The inviting living room is highlighted by a 20-foot sliding glass door that fills the space with natural light. Step outside to an oversized patio and beautifully landscaped yard, which make for an ideal outdoor retreat. This meticulously maintained home combines luxury, comfort, and a prime location. With easy access to AZ 51 and AZ 101 highways, commuting across the Valley is a breeze. Plus, you're within 10 minutes of top shopping and dining destinations, including Desert Ridge, Kierland Commons, Scottsdale Quarter, and the newly renovated PV Mall. Don't miss the chance to make this incredible home yours!

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2025 W Kinfield Trail Phoenix, AZ 85085

Open House

$725,000

3 Beds

2.5 Baths

2,470 SqFt

Status Active

MLS # 6780979

Property Type Single Family Residence

Price Type --

This beautiful 3-bedroom, 2.5-bathroom, 2-story home is situated in a vibrant community. Inside the modern home, a cozy gas fireplace warms the living room, while tile flooring and plush carpet, dual pane windows, and elegant greige paint create a calming and sophisticated atmosphere. The kitchen features quartz countertops, smoke-colored cabinets, a walk-in pantry, a kitchen island, owned RO, an eat-in area, and a breakfast bar. The primary bedroom, located upstairs, features a split layout and full bathroom for added privacy. Enjoy the convenience of leased solar! The exterior boasts a low-maintenance yard with a built-in BBQ and patio, and artificial grass. The community offers fantastic amenities, including a clubhouse, pool and spa, easy access to public transportation, and more!

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935 E Morningstar Lane Tempe, AZ 85283

Open House

$725,000

4 Beds

3 Baths

2,892 SqFt

Status Active

MLS # 6772926

Property Type Single Family Residence

Price Type --

Welcome to the Highly Desired Tempe Lakes! The Recent Updating to Include: High End Kitchen Cabinets w/ Granite Countertops - Travertine Flooring - Wine/Coffee Bar - Stainless Steel Kitchen Appliances - Dual Pane Windows Throughout - Pebble Tec Pool - Rear Patio has Built in BBQ Island w/ Sink - Custom Stair Railing - All Bedrooms are Oversized - Enjoy the Multi-Million $ Clubhouse - South Tempe Good Schools - Lake Access is only a 1/2 Block Away from the 5.5 Miles of Shoreline the Tempe Lakes has to Offer! - A Friendly Place to Live!!

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15115 N 100th Way Scottsdale, AZ 85260

Open House

New

$725,000

3 Beds

2 Baths

1,691 SqFt

Status Active

MLS # 6783420

Property Type Single Family Residence

Price Type --

Step into this stunning 3-bedroom, 2-bathroom gem, perfectly designed for comfortable living and entertaining. The updated kitchen boasts sleek countertops, stainless steel appliances, and ample storage, making meal prep a breeze. Relax in the spacious living area or retreat to the primary suite, complete with an en-suite bath. The private backyard offers a serene escape with lush landscaping, perfect for morning coffee or evening gatherings. Nestled in a peaceful neighborhood, this home combines style and tranquility. Don't miss the opportunity to make it yours!

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7211 W Pershing Avenue Peoria, AZ 85381

Open House

$725,000

6 Beds

3 Baths

3,792 SqFt

Status Active

MLS # 6723856

Property Type Single Family Residence

Price Type --

** 2% CONCESSIONS OFFERED AT CLOSE!! ** Welcome to your new 6 bedroom/3 full bath & 3 car garage home located in Peoria. This beautiful home features 3 multi-levels with tile/wood flooring throughout. The lower level features a home office, cozy living room with a private mother in-law suite with a full detached bathroom. The upper level features a large primary bedroom with an ensuite bathroom with a soaking tub/separate shower. Upstairs also features four other bedrooms, one of which has its own balcony that overlooks the backyard and a full bathroom. The backyard features a renovated pool, large covered patio and large backyard great for entertaining. RV gate and two brand new AC units. Brand new solar panels + added insulation make this home a must see. This home won't last long!

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2074 N 139th Drive Goodyear, AZ 85395

Open House

$725,000

3 Beds

2.5 Baths

2,342 SqFt

Status Active

MLS # 6752460

Property Type Single Family Residence

Price Type --

Welcome to your Backyard Entertainment Paradise. This exceptional property is like no other in this community. This home boasts a resort style heated pool for year round comfort, waterfalls, heated Spa with Baja Shelf/double spillway, Travertine deck, Custom Built In BBQ. Misting system at Patio with remote controlled Zipper Sun Shades to cool a full length patio. The gourmet kitchen features elegant white cabinetry with upgraded KitchenAid Stainless Steel appliances, gas cooktop, quartz countertops, and a spacious center island with bar seating. 3 glass sliders are adjacent to the Great Room. Large Glass Slider at Primary Bedroom is just steps from the pool or relax in the Luxurious Free Standing Tub in Primary Bath. Custom Plantation Shutters, Every detail in this home has been thoughtfully upgraded from tile flooring, plush carpet in the bedrooms, modern fans and lighting, as well as high-quality doors, baseboards, and hardware. The large laundry room provides ample storage with upper and lower cabinets, a utility sink, and plenty of counter space. In addition to the master suite, there are two more bedrooms and a flexible space that can be used as a home office or playroom. The 3-car tandem garage features built-in cabinets, a workbench, and a convenient service door leading to the side yard. This home offers the perfect combination of luxury, comfort, and style.

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19009 W Lawrence Road Waddell, AZ 85355

$724,999

3 Beds

2.5 Baths

2,780 SqFt

Status Active

MLS # 6717681

Property Type Single Family Residence

Price Type --

our guests will be impressed as they enter your formal foyer and see the 11' ceilings in the Family Room of this very open floor plan. With 2773 sq ft, this home has the perfect amount of space in all the right places. The Owner's Suite has an impressive Walk-In Shower with custom tile. The Gourmet Kitchen is a Cook's Delight, with walk in pantry, gas cooktop, upgraded cabinets, countertops. Upgraded flooring throughout. Enjoy the versatility of having both a study and retreat. All 3 bedrooms include walk-in closets. Enjoy even more storage with this highly sought after 4 car garage! Too many additional upgrades to name make this home a ''Must See''! 2X6 CONSTRUCTION; EXTENSIVE NEW HOME WARRANTY

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