#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

11815 S 207th Avenue Buckeye, AZ 85326

$715,000

4 Beds

2.5 Baths

2,440 SqFt

Status Active

MLS # 6770649

Property Type Single Family Residence

Price Type --

Ranch-style property nestled in the heart of Buckeye, AZ, offers a spacious one-acre lot perfect for hosting gatherings with family and friends.

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740 W Patrick Place San Tan Valley, AZ 85143

$715,000

4 Beds

2 Baths

2,331 SqFt

Status Active

MLS # 6769517

Property Type Single Family Residence

Price Type --

Incredible New Construction home on a massive 1 acre lot with a brand new Asphalt road. This new build with NO HOA includes a MASSIVE open Kitchen & living room with high-end Cabinets, White Quartz Countertops, 36'' Cooktop, Built-in Stainless Steel Microwave and double ovens, & upgraded flooring & bathroom tile. The upgrades continue with a stunning Master Bathroom with a built in Soaking Tub, Modern Shower, Beautiful Double Vanities, an oversized four car garage, & last but not least a massive back patio to watch the sunset on the San Tan Mountains. Buyer can select finishes, add landscaping, & add fencing. Estimated Completion date is April of 2025.

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22524 W Huntington Drive Buckeye, AZ 85326

$715,000

4 Beds

3 Baths

2,206 SqFt

Status Active

MLS # 6758316

Property Type Single Family Residence

Price Type --

Brand new build home on a 1-acre lot! Great curb appeal, brick accented facade, 3-car garage, and a front porch for enjoying the mountain views. The elegant interior has high vaulted ceilings, glossy tile floors, fresh neutral paint, thick baseboards, and modern light fixtures. You'll love the open layout to seamlessly all areas for endless entertainment! Wide-open kitchen showcases quartz counters, stainless steel appliances, a stylish backsplash, an island with a breakfast bar, a walk-in pantry, and plenty of cabinets. Retreat to the main suite to discover private backyard access, a walk-in closet, and a lavish bathroom with a freestanding tub & a tiled shower. There's a secondary bedroom with its own bathroom, ideal for a guest quarter or an office! Seize this opportunity!

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41806 N Shadow Creek Way Anthem, AZ 85086

$715,000

3 Beds

3 Baths

2,432 SqFt

Status Active

MLS # 6759521

Property Type Single Family Residence

Price Type --

Mountain and City Lights VIEWS along with Dramatic Sunset VIEWS! This house has SOLAR panels which helps eliminate electric bills!!! CASITA with full bath and it's own HVAC unit. 2.5 car garage so you can have a spot for 2 cars and your golf cart! Courtyard with gate. Wood blinds. Custom closets. Upgraded appliance package. Gas indoor fireplace and exterior gas firepit. Washer and dryer convey. Maple cabinets. Upgraded lighting. built in BBQ in backyard. Security system. Thermal break/low E windows, water softener, and reverse osmosis. Motorized sun shades. Hot tub conveys. Beautifully upgraded backyard and courtyard. HVAC is newly updated. Rain gutters. Will feel like you're going home when you walk inside. Another turnkey opportunity in Anthem Country Club for the most discerning Buyer! This home will blow your socks off! Country Club Lifestyle with Resort Style Amenities...Anthem Country Club is managed by Club Corp which offers many great benefits to members that reciprocate around the world! Two 18 hole golf courses, Persimmons and Ironwood, designed by Greg Nash. 2 Pro shops, 2 sets of men's and women's lounges / locker rooms, 2 member restaurants, 2 gyms, 2 pools, 2 spas, several tennis courts, Gorgeous Ball Room for ongoing Member events and private events venues available as well, 2 Impressive guard gated entrances, all surrounded by breathtaking mountain and golf course views...you will love being a member of the Anthem Golf & Country Club!

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530 Woolsey Drive Prescott, AZ 86303

$715,000

3 Beds

2 Baths

2,077 SqFt

Status Active

MLS # 6739359

Property Type Single Family Residence

Price Type --

Beautifully updated home surrounded by soaring pine trees that is walking distance to the Courthouse Square. Custom touches throughout infuse the home with warmth. Gourmet kitchen features granite counters, an oversized island, and new stainless-steel appliances. Great room has fireplace with antique barnwood mantle. Large living room has inset bookshelves, entertainment center, and new sliding glass doors out onto the patio. Master bedroom has walk in closet and updated bathroom with large walk-in shower. Two additional bedrooms, one on the main floor with walk-in closet and one downstairs that offers privacy and easy access to the garage. Single car garage has large storage closet and walk-through to the workshop. Rear deck offers gorgeous views of surrounding mountains.

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1324 W Dove Tree Avenue Queen Creek, AZ 85140

$715,000

4 Beds

2.5 Baths

2,880 SqFt

Status Active

MLS # 6759624

Property Type Single Family Residence

Price Type --

Welcome home! This 4 bed 2.5 bath has an open floor plan featuring two living spaces giving you amazing functionality with tall ceilings creating a grand but cozy atmosphere. Gourmet kitchen with pro series stainless GE Monogram appliances, granite counter tops offer plenty of space to entertain. This home is meticulously maintained and still shows like a new build. Perfect size primary bedroom and bathroom with a walk-in shower and massive closet. Huge investment in upgrades including extended patios, 22,000 watt Generac generator, all garage spaces are air conditioned with mini split units and a tankless water heater. Highly sought-after Ironwood Crossing amenities that bring fun to all. Parks, community pool and the Queen Creek Aquatic center nearby.

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10356 E Tiburon Avenue Mesa, AZ 85212

$715,000

2 Beds

2.5 Baths

2,314 SqFt

Status Active

MLS # 6758389

Property Type Single Family Residence

Price Type --

Nicely appointed Cinema plan in Encore at Estmark. This great room plan has 2 bdrms/2.5 bths/2 dens and sits on a oversized corner lot. It boasts raised panel antiqued kitchen cabinets, granite counters, dbl ovens, gas cook top, lg island with seating & W-I pantry. The lg laundry rm offers upper cabinets, a utility sink & a 2nd lg pantry. Lg primary bdrm is split & had LV flooring, raised vanity with dbl sinks, W-I closet, W-I shower & soaking tub. Lg 2nd bdrm w/W-I closet & 2 dens for additional living space. Exit the great room to the lg covered patio with paver overlay leading to the heated/chilled pool with water feature. Lots of room to entertain with Ramada & BBQ island. Community offers pickle ball, tennis, bocci ball, a club house with workout facility & much much more!

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10566 E Twister Avenue Mesa, AZ 85212

$715,000

4 Beds

2.5 Baths

2,520 SqFt

Status Active

MLS # 6767290

Property Type Single Family Residence

Price Type --

Spacious Athens floor boasts 4bd/2.5baths great room plan providing ample living space. The primary bdrm en-suite offers W-I shower with bench, raised vanity with dble sinks & lg W-I closet. The split floor plan allows for privacy & separation of living spaces. The kitchen boasts extended maple cabinets, a lg island, spacious W-I pantry, herringbone subway tile backsplash, SS appliances & a gas stub at the stove. Tile flooring most rooms, creating a clean & modern aesthetic. The multi-slider opens to extended covered patio & a paved patio with a gas fire pit, providing opportunities for outdoor living and entertaining. The mature landscaping, including turf, built-in BBQ island has been professionally installed, creating a well-maintained & appealing outdoor space. ....... The oversized lot offers the potential for a pool. Additionally, the home backs to a common area, offering additional privacy. Community offers pickle ball, tennis, bocci ball, a club house with workout facility & much much more!

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5441 S Luiseno Boulevard Gilbert, AZ 85298

$715,000

5 Beds

3.5 Baths

3,186 SqFt

Status Active

MLS # 6769014

Property Type Single Family Residence

Price Type --

Gorgeous two-story home in the desirable Community of Bridges at Gilbert awaits new owners! This beauty flaunts a well-maintained front yard, a 3-car garage, and a private courtyard. The immaculate interior impresses you with a spacious open layout enhanced with soaring ceilings, wood-look tile flooring, pre-wired surround sound, and multi-sliders to the back patio. Stunning chef's kitchen is designed with sleek granite counters, staggered wood cabinetry with crown molding, recessed lighting, and sparkling SS appliances, including a gas cooktop, and wall ovens. A sizable island with a breakfast bar provides the ideal setting for casual dining. The versatile den is perfect for a home office or a hobby space! Discover a well-sized loft upstairs, fantastic for additional living space. Retreat to the romantic main suite, showcasing a soft carpet, a full ensuite, and a walk-in closet. The home's elegance extends outdoors to the tranquil backyard that comes with a covered patio, an exterior fireplace, and a grassy lawn. This gem will not disappoint!

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8067 W Sands Drive Peoria, AZ 85383

$715,000

3 Beds

2.5 Baths

2,536 SqFt

Status Active

MLS # 6766566

Property Type Single Family Residence

Price Type --

Beautiful 3 bed, 2.5 bath home in the sought-after Fletcher Heights community! Updated AC units, pool pump, and water heater all replaced in 2022. Enjoy added luxury with soft water and a reverse osmosis system. The kitchen is equipped with a gas range, double ovens, and stainless appliances. The guest bath was remodeled in 2022. Other highlights include plantation shutters and a surround sound system. The backyard is a private oasis with a PebbleTec pool, fountain, and lush grassy area. In the front of the home you will find a cozy porch, and beautiful landscape to include turf. A roomy 3 car garage with a mini split tops off this home with plenty of cabinetry space for storage. You do not want to miss out on this opportunity!

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10249 E Trillium - Avenue Mesa, AZ 85212

$715,000

3 Beds

2.5 Baths

2,233 SqFt

Status Active

MLS # 6771040

Property Type Single Family Residence

Price Type --

This gorgeous 3 bed, 2.5 bath home is perfectly situated on a corner lot in the coveted gated community, The Estates at Eastmark, with only ONE NEIGHBOR! That's right, no neighbors behind, no neighbors to the east and no neighbors in front. This location is ideal for those wanting privacy, comfort and convenience. What makes this lot even better? Directly across the street is an expansive green belt / park that connects to amenities galore that can be found at ''The Club''. The Club is a multi-million dollar clubhouse that features a workout facility, heated saltwater pool/spa, BBQ grilling / outdoor kitchen, entertaining areas and a playground with endless areas to run and play. If the location and community alone weren't enough to win you over you've got to step inside this incredibly designed and well thought out floor plan to fully grasp the opportunity that lies before you. Swoon over this turnkey home that is 5 years new, oozing with style and function! High ceilings, split floor plan, open concept with a massive chef's kitchen connecting to the family room and dining, 3 car garage, tons of storage, low maintenance landscaping, private pool sized lot, plentiful amenities and priced to sell.

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4459 E Voltaire Avenue Phoenix, AZ 85032

$715,000

4 Beds

2 Baths

2,034 SqFt

Status Active

MLS # 6780991

Property Type Single Family Residence

Price Type --

This beautifully maintained 4-bedroom, 2-bath home offers the ideal blend of comfort, convenience, & entertainment. Step inside to discover a welcoming layout that includes a versatile flex room, perfect as an office, game room, or workout space. The kitchen & open living areas are perfect for both everyday living & entertaining. The kitchen includes, granite counters, stainless steel appliances & plenty of cabinet space. Outside, enjoy the beautiful weather on the covered patio overlooking a sparkling pool & a generously sized grassy areaâ€''ideal for backyard gatherings. A sizable storage shed provides ample space for all your extras, while a spacious 2-car garage ensures plenty of parking and storage -plus 2 RV gates. Located in a highly desirable Phoenix neighborhood close to top rate schools, shopping, & dining, this move-in ready home is a true gem. A must see!

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