#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

11223 N 40th Street Phoenix, AZ 85028

$714,000

3 Beds

3 Baths

1,988 SqFt

Status Active

MLS # 6743157

Property Type Single Family Residence

Price Type --

Don't miss your chance to see this stunning, fully renovated 3-bedroom, 3-bathroom home with an office, a sparkling pool, and an exceptional outdoor entertainment area, all located near the highly sought-after Paradise Valley Mall. Cooking enthusiasts will fall in love with the chef's dream kitchen, complete with an induction cooktop and a full outdoor kitchen featuring a wood-fired pizza oven, two gas burners, and a propane grill. Imagine hosting poolside gatherings and inviting friends and neighbors to experience your outdoor oasis. Two expansive panoramic doors open fully, effortlessly blending indoor and outdoor living spaces to create a warm and inviting atmosphere. During the winter, relax in the cozy living room by the crackling fire that fills the room with a warm glow.

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1261 E Springfield Place Chandler, AZ 85286

$714,000

3 Beds

3 Baths

2,245 SqFt

Status Active

MLS # 6745550

Property Type Single Family Residence

Price Type --

One of a kind.. Your Madison Park Dream Home Awaits! Nestled in the heart of Chandler's sought-after Madison Park community, this stunning 2020-built home offers unparalleled privacy—no rear or front neighbors! Step inside to discover over $100K in professional designer upgrades that deliver style and luxury unmatched at this price point. The open-concept floor plan, combined with exquisite finishes, sets a new standard in refined living. Imagine cooling off in the community's sparkling pool while enjoying the vibrant amenities Chandler has to offer, top-rated schools, trendy dining, and premier shopping! Chandler is known for its dynamic community events, world-class parks, and thriving tech industry. Experience a lifestyle where every detail is designed to impress. Don't miss this on

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10726 E Tillman Avenue Mesa, AZ 85212

$714,000

2 Beds

2 Baths

2,005 SqFt

Status Active

MLS # 6767264

Property Type Single Family Residence

Price Type --

Highly upgraded home on private oversized corner lot backing to greenbelt in desirable 55+ Encore at Eastmark. Over $150k in upgrades in this flowing floor plan of 2 bedrooms + Den/2 bathrooms with large open great room. Enter through the front gated courtyard with decorative custom iron security gate and enclosures complete with pavers and custom iron/glass front door. Open Den is perfect for an office, reading nook or even a 3rd bedroom. Formal dining room has many options. Gourmet kitchen is full of upgrades including GE Cafe Series appliances, large island with ''Chipped Ice'' Quartz counter tops/back splash and LED lighting under and above the cabinets. No lack of storage in this kitchen! Soft close cabinets and drawers throughout home. Great room has multi-sliding door which opens up into one pane to enter the backyard retreat. Enjoy the sparkling spa and professionally installed putting green while grilling and relaxing. Travertine patio and extensive pavers throughout. View fencing with no neighbors behind, to take in the beautiful Arizona evenings. Low voltage lighting in front/back enhances the property features and security. 8' interior doors and wood look 12x24 tile throughout the home, no carpet. Bathrooms feature quartz counter tops, LED front and backlit dimmable wall mirrors and anti-bacterial fans. Owners suite includes shower with tile surround, walk-in closet and large bedroom with bump out for perfect sitting area. Wi-fi smart thermostat has 3 separate zones, for perfect comfort. Walk-in closet in 2nd bedroom. Garage has top of the line epoxy floor, tankless water heater, stainless steel hand sink, and side entry door. Clubhouse has a vast amount of amenities such as Cafe, classes and activities, fitness center, community pool/spa and much more! Must see to appreciate!!

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15911 W Montana De Oro Drive Surprise, AZ 85387

$713,891

6 Beds

4 Baths

3,362 SqFt

Status Active

MLS # 6689397

Property Type Single Family Residence

Price Type --

Big Price Correction!!! READY FOR IMMEDIATE OCCUPANCY!! Brand New Home! This 6 br., 4 ba., (4 bed down, 2 up) 3 car garage home has all the designer touches. Truly move in ready. Features include, master BR down, SS appliances,, upgraded kitchen cabinets, deco tile back splash, Plank Vinyl flooring, window blinds, fans in all the rooms, 16' atrium doors, Surround sound, security system, front yard landscaping plus so many more exciting included features - 10' ceilings, 8' doors, Quartz tops in the kitchen, gourmet kitchen, garage service door, tank less water heater, and so much more! 5 Star Resort Style Amenities include, hiking trails, Aquatic Center, 8 select parks, Picnic Ramada's, Basketball, 3 Pickle Ball courts, bocce ball courts, 18 hole disc golf course, and a Zip Line for the kiddos! This home is Energy Star and Indoor Air Plus qualified. Includes full Builder Warranties plus so much More..

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1945 W Bramble Berry Lane Phoenix, AZ 85085

$713,000

3 Beds

2 Baths

2,044 SqFt

Status Active Under Contract

MLS # 6762042

Property Type Single Family Residence

Price Type --

Welcome to your stunning like-new single story home in North Phoenix! This beauty was just built in May 2024 and includes nearly $90K in builder upgrades. The Barletta model features 3 bedrooms, 2 baths, and a versatile den to offer a spacious open floor plan. The primary bedroom includes a show-stopping walk-in glass shower, double sinks, a private toilet room, and huge walk-in closet. Your chef's kitchen boasts a gas cooktop, deluxe appliances, a walk-in pantry, and quartz countertops. Enjoy indoor-outdoor living with a center slider to the covered patio and premium backyard landscaping. The community center offers a pool, basketball, tennis, pickleball, 2 dog parks and more! The perfect combination of a newly constructed home without builder delays - ready for you to move in and enjoy!

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12613 S 183rd Avenue Goodyear, AZ 85338

$712,000

4 Beds

3 Baths

2,856 SqFt

Status Active

MLS # 6770241

Property Type Single Family Residence

Price Type --

Privacy and Views! This beautiful semi-custom William Ryan home is perfectly situated at the end of a cul-de-sac, offering privacy and stunning views of the Estrella Mountains and Golf Course. Enjoy spectacular sunrises, sunsets, and moonlit nights from the main living space, upstairs loft, or the back balcony and patio. Inside, the home features raised and coffered ceilings, upgraded staggered cabinetry, a marble and tile surround fireplace, updated walk-in primary shower, stainless steel appliances and split floor plan. Thoughtful window placements maximize the views. Enjoy the Estrella lifestyle with two lakes, community centers, state-of-the-art fitness centers and a water park. You must see this in person! Please don't miss the video. Turn up the volume to hear property features.

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1462 E Tiffany Court Gilbert, AZ 85298

$711,461

5 Beds

3 Baths

2,551 SqFt

Status Active

MLS # 6774770

Property Type Single Family Residence

Price Type --

Exceptional new home in Vireo at Waterston Central, located on a corner cul-de-sac homesite for optimal privacy. The expansive 5-bedroom home boasts designer selections throughout, including a kitchen with a gas cooktop, separate wall oven, microwave, custom backsplash, quartz countertops, and a recycle center. Other features in the home include grey cabinets, upgraded Galeon bath fixtures and accessories, custom ceramic tile shower in the primary bath, cabinets in the laundry room, and metro mission iron maple stair rails. Flooring consists of ceramic tile and upgraded carpet. The home is on a soft water loop system and also includes 8 foot interior doors, structured wiring, and pavers at the driveway.

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30108 N 206th Avenue Wittmann, AZ 85361

$710,999

5 Beds

3 Baths

2,818 SqFt

Status Active

MLS # 6747474

Property Type Single Family Residence

Price Type --

Experience the epitome of luxury in this brand-new, 2024-built home! Nestled on a generous 1-acre lot, this stunning 5-bedroom, 3-bathroom residence spans 2,818 square feet. Upon entry, you'll be welcomed by a spacious foyer with soaring 10-foot ceilings. The open-concept design beautifully highlights the gorgeous kitchen, complete with abundant cabinetry, granite countertops, and titanium-leathered 2CM accents in the bathrooms. The kitchen is a chef's dream, featuring gray porcelain tile (15''x30''), stainless steel appliances, a large island, and a walk-in pantry. The great room is a centerpiece with its impressive 12-foot sliding glass door and flooding the space with natural light. The primary suite offers a tranquil retreat, boasting double sinks, a private toilet room, and a walk-in-in closet. Two guest bedrooms (one with a walk-in closet) share a convenient Jack and Jill bathroom. Additional amenities include a laundry room with cabinets and a wet sink, a soft water loop installed the home is equipped with two AC units: a 5-ton, 14 SEER unit, and a 3.5-ton, 14 SEER Goodman unit. Garage has a 240-volt outlet ready and a 400-amp service. This home seamlessly blends modern elegance with practical features, perfect for comfortable living and entertaining.

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16719 E Gloria Lane Scottsdale, AZ 85262

$710,900

4 Beds

2.5 Baths

2,738 SqFt

Status Active

MLS # 6374395

Property Type Single Family Residence

Price Type --

**COMPLETED SPEC** 4 BED, 3 BATH, 2738 SQFT, 4 CAR GARAGE. THERE IS A HUGE OPEN KITCHEN WITH UPGRADED ESPRESSO CABINETS, GRANITE COUNTER TOPS, STAINLESS STEEL APPLIANCES AND A WALK IN PANTRY. OPEN GREAT ROOM WITH GAS FIREPLACE. UPGRADED TILE FLOORING IN ALL THE RIGHT PLACES. THERE IS A FRONT AND REAR COVERED PATIO, 2X6 CONSTRUCTION, TILE ROOF, LOW-E DUAL PANE VINYL FRAME WINDOWS,,

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5116 W Top Hand Trail Laveen, AZ 85339

$710,000

4 Beds

3 Baths

2,394 SqFt

Status Active

MLS # 6762265

Property Type Single Family Residence

Price Type --

This newly constructed Taylor Morrison home in Laveen boasts an impressive 5-car RV garage and is packed with modern amenities. As you arrive, a beautifully pavered driveway sets the tone for the luxurious design. Inside, you'll find 4 spacious bedrooms and 3 well-appointed bathrooms, with a thoughtfully designed floor plan that includes a great room and a private dining area. The gourmet kitchen is a chef's dream, featuring a large granite center island with a breakfast bar, perfect for casual dining or entertaining. The great room seamlessly flows to a private patio and backyard, ideal for gatherings. Guests will appreciate the secondary bedroom with its own ensuite bathroom for added privacy. The split primary bedroom offers a serene retreat with a spa-like ensuite, complete with a walk-in shower, dual granite-topped sinks, and a generous walk-in closet. This home is the perfect blend of comfort and sophistication and offers generous spacing between neighboring properties providing added privacy and tranquility. Enjoy easy access to the 202 freeway making trip to the West Valley, East Valley or downtown effortless. All while being surrounded by serene mountain views that provide a peaceful retreat from city life.

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12790 W Desert Vista Trail Peoria, AZ 85383

$710,000

2 Beds

2 Baths

1,925 SqFt

Status Active

MLS # 6777159

Property Type Single Family Residence

Price Type --

Nestled within a quiet cul-de-sac in the prestigious 5-star Trilogy resort community, this meticulously maintained 2-bedroom w/ a den, 2-bathroom home offers the ultimate in relaxed luxury. From the moment you arrive, you'll feel the warmth & charm of this single-level entertainer's dream. The open floor plan welcomes you into an airy space perfect for hosting friends & family, with seamless transitions between living areas. The gourmet kitchen is a chef's delight, featuring premium appliances, ample granite countertops, custom cabinetry, & a spacious center island with seating — ideal for casual dining or socializing while cooking. . Step outside to discover your own private retreat. The beautifully landscaped backyard offers a tranquil setting to unwind or entertain. Backyard boast expansive covered patio, lush greenery, & a well-manicured lawn that requires minimal upkeep. Additional highlights include a luxurious primary suite with en-suite and walk-in closet, a versatile guest room, den and oversized laundry room. Situated w/in Trilogy, you'll have access to a host of amenities, from golf courses and pools to fitness centers and community events, enhancing the vibrant resort lifestyle this community is renowned for. This property is truly a rare find in one of the most desirable locations.

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50134 W Gail Lane Maricopa, AZ 85139

$710,000

3 Beds

2 Baths

1,226 SqFt

Status Active

MLS # 6729907

Property Type Single Family Residence

Price Type --

SPACIOUS, AMPLE LAND WITH PLENTY OF POSSIBILITIES! This equestrian estate sits on 3.3 fenced acres which include a 17-stalls with electricity and water pipes, horse setup, turn out area, ample space for a partially-lit arena, covered RV/trailer parking (RV SPOT WITH 30AMP ) and covered hay storage. The 3 bedroom, 2 bathroom home comes with an updated kitchen and baths. Irrigation, paved roads, private water co. and NO HOA are some of the perks to name a few! Truly an opportunity you can't miss! IT HAS CASITA FULLY RENOVATED THAT COMES A BONUS FOR YOUR GUESTS!!!

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