#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

9365 S 178th Avenue Goodyear, AZ 85338

$700,000

3 Beds

2 Baths

2,648 SqFt

Status Active

MLS # 6759707

Property Type Single Family Residence

Price Type --

Welcome to Saguaro Canyon in the foothills of the Estrella Mountains! This exquisite Ashton Woods designed property has the rare combination of luxury and convenience with a backyard oasis you've been dreaming of. As you enter through the landscaped courtyard you are greeted by thoughfully designed wood inlay tile floors, stone pillars, mountain views, a 2-way fireplace, and ample space for entertaining. Heading out to the pool and spa, you'll feel the serenity of the waterfall feature as you enjoy your morning coffee on the covered patio or entertain with the built-in BBQ. This is truly a once-in-a-lifetime opportunity - see it NOW before its gone!

View Property

32311 N Cat Hills Avenue San Tan Valley, AZ 85144

$700,000

5 Beds

3.5 Baths

3,155 SqFt

Status Active

MLS # 6765317

Property Type Single Family Residence

Price Type --

Introducing this beautifully upgraded 5-bedroom, 3.5-bathroom home in the sought-after San Tan Heights community! This two-story gem welcomes you with a grand iron front door and showcases a range of high-end features, including double iron entry doors leading to the backyard. Inside, you'll find stunning travertine flooring and baseboards throughout, complementing the luxurious feel of every room. Designed for convenience and comfort, this home boasts two laundry rooms—one on each level—ideal for large households. The spacious layout includes a loft, perfect for a media room or play area, and a den/office, providing an ideal work-from-home space. Equipped with a state-of-the-art home security system featuring 11 hardwired cameras and door sensors monitored by ADT, you'll enjoy peace of mind. The home is further enhanced by 8-foot doors, a water softener, and essential systems such as the pool pump and HVAC, all under two years old. In addition, they also have had the entire house sealed by a pest control company to keep the scorpions out! This home is perfect for those who appreciate modern living in a vibrant, family-friendly community. Don't miss out on this exceptional property!

View Property

13506 W Earll Drive Avondale, AZ 85392

$700,000

5 Beds

3 Baths

4,000 SqFt

Status Active

MLS # 6775069

Property Type Single Family Residence

Price Type --

Gorgeous home with BASEMENT in Fulton Estates! Its charm starts with a low-care front yard, stone accent details, a front patio, and a 2-car garage. Fabulous interior showcases a two-tone palette, elegant light fixtures, layered crown molding, custom mural, and tasteful flooring - tile & soft carpet in all the right places. You'll LOVE the formal dining room! The inviting living room is paired with a pre-wired surround sound and an entertainment niche w/fireplace. The impressive kitchen boasts a cooktop gas, double wall ovens, granite counters, travertine tile backsplash, a pantry, recessed lighting, staggered cabinetry, a center island, and a breakfast nook. The cozy den provides built-ins! The large main bedroom has an ensuite with two vanities, separate tub/shower, & a walk-in closet. Let's not forget the fully finished basement, adding a significant living space! This lower level houses a spacious family room w/fireplace and two secondary bedrooms. Out the back, you have a covered patio, a platform wooden deck, mature trees, and a great spot for al fresco dining. What a RARE find!

View Property

5151 N 13th Place Unit 17 Phoenix, AZ 85014

$700,000

3 Beds

2.5 Baths

2,202 SqFt

Status Active

MLS # 6769530

Property Type Townhouse

Price Type --

A contemporary and beautiful townhouse tucked away in a great location now available! This interior unit has 2,202 sqft and a versatile floor plan offering 3 bedrooms, 2.5 bathrooms, and an upstairs bonus room. It features premium engineered wood floors, 10 ft ceilings, and a private ground floor patio with multi-slide door. It also features a roof deck with privacy wing walls and sweeping views, a 2-car garage, a primary bedroom deck with dual closets, and a spa-inspired bathroom with designer curated quartz countertops. The chef-inspired kitchen includes a waterfall kitchen island, a walk-in pantry, stainless steel appliances and a gas range. The Nirvana at Colter community with thoughtfully designed layouts is located within Camelback East Village, a vibrant area with immediate access to numerous restaurants and shopping areas. It also has quick access to AZ-51 freeway, Downtown Phoenix and Sky Harbor Airport.

View Property

2130 W Ivanhoe Street Chandler, AZ 85224

$700,000

4 Beds

2 Baths

2,383 SqFt

Status Active

MLS # 6769318

Property Type Single Family Residence

Price Type --

Discover your dream home in Mission Manor at Ray Ranch! This stunning single-level residence is minutes from shopping & dining, with easy access to the 101 & 202 freeways, perfect for those seeking convenience within the A+ Chandler School District. The heart of the home features an open kitchen with granite countertops, stainless steel appliances & walk-in pantry, that flows into the bright living area with vaulted ceilings. Enjoy outdoor gatherings under the large covered patio overlooking a picturesque yard & inviting pool. The spacious master suite offers direct access to the yard & includes a spa-like bathroom & a generous walk-in closet. With 4 bedrooms, a dedicated office/den & 3 car garage. This home is a must see!

View Property

26269 N 45th Place Phoenix, AZ 85050

$700,000

4 Beds

3 Baths

2,131 SqFt

Status Active

MLS # 6778337

Property Type Single Family Residence

Price Type --

Set on a large premium lot in Tatum Highlands, this home offers mountain and desert views with high ceilings that greet you at the entry and extend through the spacious living room. Featuring 4 bedrooms and 3 full baths—including a convenient main-floor bedroom and bath—this layout is ideal for flexible living. The upstairs master suite provides a private balcony, dual walk-in closets, and bath with separate tub and shower. The kitchen, complete with an island and breakfast bar, opens to a beautiful backyard oasis with a sparkling pool. Located close to Desert Ridge dining, major freeways, and scenic trails—don't miss the chance to explore this desert retreat!

View Property

11896 W Lone Tree Trail Peoria, AZ 85383

$700,000

3 Beds

2 Baths

2,098 SqFt

Status Active

MLS # 6777585

Property Type Single Family Residence

Price Type --

Welcome to your new home in the prestigious, gated community of Vistancia Village! This stunning residence, built in 2016, offers a bright and open floor plan designed to maximize both space and natural light. Soaring ceilings create a grand sense of openness, while a massive slider seamlessly connects indoor and outdoor living, inviting you to a resort-like backyard retreat. Perfect for entertaining and play, the outdoor space features elegant travertine pavers, low-maintenance artificial turf, vibrant citrus trees, an outdoor shower and a built-in sandpit for endless family fun. Enjoy spacious living with a layout perfect for entertaining, relaxation, and making lasting memories. Discover luxury, style, and comfort in a home that truly stands out.

View Property

6861 W Dale Lane Peoria, AZ 85383

$700,000

4 Beds

2.5 Baths

2,319 SqFt

Status Active

MLS # 6778564

Property Type Single Family Residence

Price Type --

View Property

16065 W Poinsettia Drive Surprise, AZ 85379

$700,000

3 Beds

2 Baths

2,310 SqFt

Status Active Under Contract

MLS # 6777044

Property Type Single Family Residence

Price Type --

Luxury and function circle this rare find! The 51' Tandem RV garage with attached 3 car garage is climate controlled and fits a class A RV effortlessly. 3 bedroom plus den/4th bedroom. Owned solar (paid for) 30 panels with size of 12,000 watts. The current owner has low or no power bills (with the exception of $100-$150 the months of June-August). Heated pool with pop up cleaners. Sparkling spa stays! NEW HVAC (2) in 2023 This turnkey Estate was built as owners forever home. Meticulously cared for. Professional landscaping has the Arizona lifestyle captured perfectly. North South exposure. Enjoy cool summer nights in your private rear grounds. Commerciql grade raised garden containers ensure a steady supply of all that you need to stay healthy and happy! Welcome home.

View Property

22319 E Pickett Court Queen Creek, AZ 85142

$700,000

5 Beds

3.5 Baths

3,720 SqFt

Status Active

MLS # 6755978

Property Type Single Family Residence

Price Type --

*Photos coming soon* Rare, spacious BASEMENT home with 5bedrooms +gameroom! Just needs new homeowners to enjoy. The comfortable courtyard greets you upon entrance. The spacious interior is perfect for large gatherings & making memories. Designer features include travertine flooring with stone detailing, plantation shutters, upgraded cabinetry & beautiful wood flooring. Spacious bedrooms & storage throughout. The basement includes 2 bedrooms, full bath & bonus room with wall mounted TV & custom built-in. Enjoy outdoor living under a large, covered patio overlooking an oversized lot, built-in BBQ & paver seating areas. Ample room for a pool. 3 car garage with storage cabinets. Located within steps to Queen Creek HS. Within minutes of the new Frontier Family Park & Pecan Lake Entertainment.

View Property

9240 N 101st Street Scottsdale, AZ 85258

$700,000

2 Beds

2 Baths

1,603 SqFt

Status Active

MLS # 6778276

Property Type Single Family Residence

Price Type --

Discover spacious, light-filled living spaces that blend comfort and style. This fully detached townhouse boasts a thoughtful layout, ideal for relaxation and entertainment. Welcome to this delightful 2 bed/2bath home with an extra den/office space with built-ins. Tons of natural light pours in the bright living room with vaulted ceilings. Enjoy the refreshed fireplace, or check out the charming patio. A guest room offers a lofted bed for added charm. Granite countertops, neutral colors, and fresh paint! Brand new flooring throughout, shutters, a breakfast nook and low maintenance yard. Community pool and spa, close to shopping and restaurants! Front yard is maintained by HOA! Enjoy modern upgrades, ample storage, and community features that offer a blend of luxury and convenience.

View Property

1717 E Morten Avenue Unit 59 Phoenix, AZ 85020

$700,000

3 Beds

3 Baths

1,735 SqFt

Status Active

MLS # 6659431

Property Type Townhouse

Price Type --

Sitting near the base of Phx Mtn. Preserves, this gated community rests alongside a quiet neighborhood and access to parks & outdoor trails. Natural light fills the home thanks to END UNIT location providing unobscured exposure to the south and west. Spacious middle floor offers beautiful kitchen with quartz countertops centered between the living and dining area. Multiple windows line the wall affording sunset views from inside or from large patio. Bedrooms and full baths are on top floor along with laundry. Terrific city lights & mountain views from master suite. Ground floor offers flex space to be used how you see fit! Access 2 car garage with storage racks and private patio w/ bbq & turf. Ground floor and middle floor each have powder room

View Property