#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

9725 E Lompoc Avenue Mesa, AZ 85209

$699,000

4 Beds

3 Baths

3,409 SqFt

Status Active

MLS # 6750116

Property Type Single Family Residence

Price Type --

Prime corner lot on golf course, home offers 4 bdrm/3ba/loft perfect for families/entertaining. Formal living/dining, fam room w/electric fireplace. Upstairs, master suite, master bath w/separate shower/tub, & walk-in closet. 2 bdrms upstairs & 1 bdrm downstairs. Private oasis backyard w/covered patio, hot tub, pool w/water fall ideal for relaxing/hosting gatherings. 3-car garage w/ample space to park plus storage. Access golf course through nearby passageway, perfect for sunset strolls/walking the dog. Community offers 5 parks including 4 play structures, 3 basketball courts, 3 sand volleyball courts & 9 ramadas. Excellent schools in the area, along w/nearby shopping, dining & quick freeway access. This home has it all for a growing family & those who love to entertain.

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25555 N Windy Walk Drive Unit 54 Scottsdale, AZ 85255

$699,000

3 Beds

2.5 Baths

2,140 SqFt

Status Active

MLS # 6743317

Property Type Townhouse

Price Type --

REDUCED,Did you ever want to live in Troon? Now is your chance at Skye Top, the most desirable, vibrant TH community. Two story wall of windows in great room. Charming entertaining patio. White cabinetry, granite counters, replaced AC, water heater. Community lagoon pool & spa w/ boulder waterfall & clubhouse w/ FP. Located in N. Scottsdale near golf, fine dining, & shopping. **** HOA fees include cable & internet.. Walk the neighborhood, meet friends of varied ages some with dogs. attend our clubhouse get togethers.

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17518 E Bismark Lake Trail Rio Verde, AZ 85263

$699,000

2 Beds

2.5 Baths

1,679 SqFt

Status Active

MLS # 6746487

Property Type Twin Home

Price Type --

Enjoy tranquility at it's best in the ''Resort Collection'' on a PREMIUM LOT with 180 DEGREE MOUNTAIN VIEWS under your extended paver patio & pergola with BUILT-IN BBQ ISLAND and FIREPIT! Enjoy cooking in your Gourmet Chef's Kitchen complete with GRANITE COUNTERTOPS & ISLAND, custom backsplash, STAINLESS STEEL APPLIANCES & HOOD, double ovens, hand blown glass pendants, & upgraded cabinets. Large primary suite with MOUNTAIN VIEWS, upgraded bathroom with custom walk-in tile shower, dual sinks, & GIANT WALK_IN CLOSET. Upgraded lights/fans/fixtures, PLANTATION SHUTTERS, & tile floors throughout. Spacious Den with CUSTOM BARN DOORS. The garage boasts EPOXY FLOORS & custom industrial grade cabinets. TANKLESS WATER HEATER, R/O System and Water Softener. Barely lived in-FEELS LIKE IT'S BRAND NEW Also including a lovely backyard w/a covered patio, attached pergola, a built-in BBQ, fire pit, and wonderful mountain views, this home is simply a dream come true! Act now before it's gone!

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4448 E Walnut Road Gilbert, AZ 85298

$699,000

2 Beds

2 Baths

2,231 SqFt

Status Active

MLS # 6747098

Property Type Single Family Residence

Price Type --

Live the lifestyle of Trilogy at Power Ranch, award winning gated 55+ planned community that offers golf, tennis, pickleball courts, golf, 2 pools, fitness facility, restaurants, movie theater and un limited amount of activities. Enjoy this HUGE 2 bedroom plus den, 2 bath, large laundry room of the kitchen. There are double sinks in master bath and separate shower & tub, walk in closet, there is a separate exit also from the master bedroom onto a large patio. Extra large guest bedroom, water softener and spacious kitchen with island and lots of storage. This is a 3 car garage with storage cabinets. There is an exterior trash container that is enclosed. The landscaping has been done by a professional. Its a much SEE!

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1935 W Plum Road Phoenix, AZ 85085

$699,000

4 Beds

3 Baths

2,022 SqFt

Status Active

MLS # 6755607

Property Type Single Family Residence

Price Type --

Welcome home! This remarkable 2020 build by DR Horton features the sought-after Bluebird floorplan, designed for modern living. With 4 spacious bedrooms, 3 well-appointed bathrooms, and a convenient den, this home is perfect for families and professionals alike. Enjoy seamless flow throughout the open kitchen that connects effortlessly to the luxurious living room, creating an ideal space for entertaining or relaxing. Step through the sliding doors from the living room to your private backyard oasis, where you'll find no rear neighbors, ensuring a tranquil atmosphere for gatherings and outdoor enjoyment. Located in the amenity-rich Norterra Fireside community, you'll have access to a heated pool, spa, fitness center, and children's playgrounds, all within a secure, gated environment.

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19817 N 67th Drive Glendale, AZ 85308

$699,000

4 Beds

3 Baths

3,596 SqFt

Status Active

MLS # 6756330

Property Type Single Family Residence

Price Type --

Beautiful Arrowhead Home! Sparkling salt water play pool* assumable VA loan at 2.62%* 3596 sq ft* 4 bedrooms* 2.5 bathrooms* large upstairs bonus room* 3 car garage* 2 newer AC units 2023 & 2019* new solar panels installed in 2022 w/ pigeon proofing* solar is $159.31 a month- fixed rate* pool totally resurfaced 2023* new salt water pool dispenser & pool light 2024* new custom window coverings 2023* roof replaced entirely 2013* all stainless steel kitchen appliances* newer stove and dishwasher* custom stainless steel refrigerator* beautiful walk out balcony off master bedroom* fresh grey epoxy coated garage flooring* close to the new Children's Hospital* Abrazo Hospital* Arrowhead Mall* restaurants* shopping* schools* golf* Thunderbird park w/hiking and walking* top rated Deer valley Schools* highly desirable Arrowhead Ranch community* excellent location* fantastic home!!

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1420 N Wickiup Road Apache Junction, AZ 85119

$699,000

3 Beds

2 Baths

1,786 SqFt

Status Active

MLS # 6756486

Property Type Single Family Residence

Price Type --

The property across the street recently listed at $3.7 million, making this 2.5-acre horse estate, which can be subdivided, an exceptional value and investment opportunity in a prime location. Equestrian Paradise in Apache Junction Nestled between the legendary Superstition and Goldfield Mountains, welcome to your perfect 2.5-acre retreat in the heart of the Valley's most equine-friendly town—Apache Junction. This level, square lot offers breathtaking views in every direction and all the space you need for a true cowboy lifestyle. This sturdy block-constructed home has been beautifully remodeled with a spacious kitchen flowing seamlessly into the great room, featuring updated flooring, lighting, and fixtures. The large primary suite is designed with comfort in mind with his-and-hers closets. The A/C unit has been replaced with a massive, energy-efficient system designed for zone heating and cooling. Best of all, it's large enough to comfortably support an addition to the home, giving you the flexibility to expand if needed. Equestrians, this property is ready for you! With over $20,000 invested in custom stalls and a massive pen and turnout area, you'll find two 16x24 covered stalls, a large round pen with premium sand and dirt and plenty of room for your horses and toys. From your backyard, ride through rural neighborhoods to nearby trails, bars, and shops, this is truly a horse lover's dream! Additional features include a private well (never used by the current owner) and city water, ensuring you have ample water supply. The utility room off the garage is ducted with A/C, making it a versatile space for extra living, work, or storage year-round. The property also has orange and olive trees, adding a touch of charm. Recent updates: Roof replaced in 2019, water heater in 2019, ring security camera installed, and a brand-new septic system replaced in 2024. Bring your horses, toys, and sense of adventurethis property is ready for you to make it your own!

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7729 N Via De Fonda -- Scottsdale, AZ 85258

$699,000

2 Beds

2 Baths

1,812 SqFt

Status Active

MLS # 6760240

Property Type Single Family Residence

Price Type --

Experience the allure of Southwestern living in this 2 bed, 2 bath patio home, ideally situated in the Santa Fe neighborhood of McCormick Ranch, Scottsdale, AZ. This meticulously maintained residence seamlessly blends style and comfort. The welcoming living space boasts a fireplace and rich tile flooring that extends into a well-appointed kitchen. Unwind on the expansive patio, perfect for enjoying Arizona's sunsets. The master suite offers a private retreat with an ensuite bath, while the second bedroom adds versatility for guests or a home office. Community amenities enhance the Scottsdale lifestyle, making this home an ideal desert sanctuary.

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16205 N Zane Grey Ln Lane Fountain Hills, AZ 85268

$699,000

3 Beds

2 Baths

1,680 SqFt

Status Active

MLS # 6765911

Property Type Single Family Residence

Price Type --

This stunning corner-lot home features a pool surrounded by mature landscaping and fruit trees. The updated kitchen is a chef's dream with cabinetry, newer stainless steel appliances, and granite countertops. The open-concept living room has a cozy stone fireplace and flows into the dining area, perfect for entertaining. Tile flooring is throughout, with carpet in two bedrooms. The primary suite boasts a private exit to the backyard, a luxurious en-suite bath, and a walk-in closet. A new AC unit was installed in August 2024. The home also includes a side-entry 2-car garage with EV wiring. Seller is related to listing agent.

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10618 E Ensenada Street Mesa, AZ 85207

$699,000

3 Beds

2.5 Baths

2,221 SqFt

Status Active

MLS # 6765796

Property Type Single Family Residence

Price Type --

Discover this stunning open single-level home on an oversized lot with breathtaking mountain views! The entertainer's gourmet kitchen features a built-in stainless wall oven, microwave, and cooktop, along with staggered cabinets and granite countertops. Enjoy brand new appliances, fixtures, and handles, spacious bedrooms, a tiled walk-in shower, a new hot water heater, and a whole-home filtration and softener system. The half bath is beautifully remodeled, the interior freshly painted, and tile flooring is installed throughout. The garage offers ample extra storage and an extended paved driveway with a double gate to park your recreational vehicles. The expansive backyard boasts a sparkling heated and cooled pool, with a landscaped yard that's ready for you to enjoy. This is a must-see!

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28131 N Marchant Trace Queen Creek, AZ 85142

$699,000

4 Beds

2 Baths

2,098 SqFt

Status Active

MLS # 6769536

Property Type Single Family Residence

Price Type --

THIS is it! Country living with no HOA and minutes from the San Tan hiking trails, yet only 10 minutes from groceries and 20 min from QC Marketplace and the new Costco. This is the perfect 4 bed/2 bath home on 1.25 acres.Enjoy the fully insulated shed, complete with AC and electricity - perfect for a home office or creative work space. Inside, this beautiful home boasts a bright and open floor plan, perfect for gatherings. The kitchen will impress with its stunning cabinetry, an entertainer's layout, and ample storage. With a split floorplan enjoy the privacy of the primary suite, with a luxurious soaker tub and walk in shower. Additional highlights include a 4-car insulated garage, a circular driveway with dual gates, chicken coop and a barn/shed with extra storage. Get back to nature and enjoy your evenings watching the stars - this home will not disappoint!

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20219 S 229th Way Queen Creek, AZ 85142

$699,000

4 Beds

3 Baths

2,717 SqFt

Status Active Under Contract

MLS # 6698529

Property Type Single Family Residence

Price Type --

$120+k of upgrades/options. Welcome to Barney Farms! A coveted Queen Creek resort style community. Enjoy sparkling lakes for kayaking, an aquatic center, fishing, sport courts, pickleball, miles of trails with scenic views, a world class playground, & a social clubhouse. This single level home was designed with sophistication & comfort in mind. The heart of the home includes an impressive gourmet kitchen with upgraded stacked, soft close cabinets, crown molding, 6cm quartz counters, tile backsplash, & chiller with full extension racks. Wood plank tile flooring. A dream owner's suite bath includes a floating vanity & spa shower with rain faucet. Designer tile flooring, custom framed mirrors at guest baths Built with energy efficient features throughout. Features list under document tab. Barney Farms includes lakes for catch & release fishing & Kayaking/boating, community pools, pickle ball, bocce ball, cornhole, basketball, clubhouse & playgrounds. Ramadas & BBQ grills for social gatherings. Events & activities are planned throughout the year by CCMC, a premiere lifestyle HOA. Be sure to visit the Barney Farms Barn clubhouse and Aquatic Center with community pools that include a leisure pool, splash pad, sport & lap pools. Be WOWed by the beautifully manicured tree-lined streets and resort-feel throughout the community. This active community has several monthly events for meeting neighbors. A few community events include Halloween Trunk-or-Treats, Fall Festivals, Santa visits, Easter Egg hunts, Spring & Fall Festivals, neighborhood potlucks & socials, bike & boat parades, live music events and so much more. Welcome Home!

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