#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

20230 W Hollyhock Street Buckeye, AZ 85396

$676,995

4 Beds

3.5 Baths

2,840 SqFt

Status Active

MLS # 6697536

Property Type Single Family Residence

Price Type --

Part of the Modern Living collection, The Darius provides a sophisticated and accommodating ranch-style layout. In addition to a lavish primary suite with a roomy walk-in closet and attached double-sink bath with an upgraded deluxe tile shower-this home includes a second primary suite with an adjacent living room, perfect for multi-generational living. You'll also enjoy a 3-car garage, a study, a great room with an adjacent covered patio-featuring multi-slide doors, two additional bedrooms that share a jack and jill bathroom, and an inviting gourmet kitchen with a generous island, built-in pantry, 42'' white cabinets with matte black pulls, quartz countertops, tile backsplash, GE Plus stainless-steel appliances with chimney hood and 36'' gas cooktop and an adjacent dining nook. This home has contemporary square casing throughout, 9 x 35 tile flooring with carpet only in the bedrooms, matte black hardware. lighting and faucet packages throughout, pendant lighting at the kitchen island, and a full wet bar with upper and base cabinets in the guest living room. In addition, 10 ft ceilings, two-tone paint, ceiling fan prewires in the bedrooms, great room, study and covered patio, soft water loop in the garage, laundry sink pre-plumb, garage service door, paver driveway and walkway, front yard landscaping and exterior coach lights are also included. This home is situated on an 8760 square foot lot with a double side gate.

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22701 E Saddle Way Queen Creek, AZ 85142

$675,990

5 Beds

3.5 Baths

2,623 SqFt

Status Active

MLS # 6740882

Property Type Single Family Residence

Price Type --

**This is a TO-BE-BUILT LISTING, this home is ready for personalization and can be built on your choice of homesite. This is an advertisement of our base price for this elevation and lot premiums may apply** Welcome to Ashton Woods newest community in Queen Creek - Madera Marquis - which features outstanding community amenities and convenient access to the 24 freeway and shopping. The open concept Diamond plan is highly sought after floorplan with 5 bedrooms and 3.5 baths. Options for structural upgrades include adding a a sixth bedroom, two additional bathrooms, 12'' sliding glass door and so much more. This home includes an open concept kitchen with granite countertops, 42'' upper cabinets, and stainless steel appliances. Amazing spa like primary suite with dual vanities, ample linen storage and separate tub and shower. This floorplan is accompanied by an oversized den and sizable secondary bedrooms with walk in closets. This home comes standard with 9' ceilings, front yard landscaping, paver driveway, and much more! ~There is a minimum option spend requirement on new build homes, please reach out to the sales office for additional details.~

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17966 W Highland Avenue Goodyear, AZ 85395

$675,500

4 Beds

3 Baths

2,343 SqFt

Status Active

MLS # 6726612

Property Type Single Family Residence

Price Type --

Welcome to Alicante at Sedella gated community! This 4 bedroom, plus den is the popular Lark model, which is a unique single story home featuring a social living area. The kitchen opens into the great room and dining area, and includes 16 ft multi slider that blends the indoor and outdoor living spaces. The large, oversized backyard features a salt water pool, an 8ft RV gate and RV parking a large variety of trees and grass.

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6981 State Route 260 Lane Show Low, AZ 85901

$675,000

3 Beds

2 Baths

1,851 SqFt

Status Active

MLS # 6744472

Property Type Manufactured Home

Price Type --

Endless possibilities for horse enthusiasts! Nestled on 5 acres in the scenic White Mountains, just off Hwy 260, this property offers both comfort and potential. The main residence is a well-maintained 3-bedroom, 2-bath manufactured home with vaulted ceilings, a spacious kitchen, and a large front deck, perfect for enjoying the tranquil surroundings. Additionally, there's a 900 sq ft Quonset hut with 1 bedroom, 1 bath, a cozy kitchen, and a wood-burning stove—ideal for guests or as a rental opportunity. The property also includes a 900 sq ft metal garage, an 8x25 storage container, and a private well with two storage tanks. Whether you're looking to create a peaceful retreat or a functional horse property, this estate has the space and amenities to make your vision a reality.

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48336 N 27 Avenue New River, AZ 85087

$675,000

4 Beds

2.5 Baths

2,126 SqFt

Status Active

MLS # 6751295

Property Type Single Family Residence

Price Type --

Beautiful 3 BD. plus Den, 2.5 BR. home with 2 car garage. Large open kitchen/great room with 10 foot ceiling. Premium cabinets, granite counter tops, huge kitchen island, stainless steel appliances, pantry, large master suite with a walk-in shower, dual vanities, access to the laundry room. Additional upgrades include, tile plank flooring, 8 foot doors, upgraded hardware/lighting, large laundry room, energy efficient 14 Seer HVAC, dual pane low-E windows and R-38 cathedral attic insulation. Upgrades made by the current owner: fence and side gates around backyard, landscape rock in front of the back yard, installing pavers, turf, security gate, epoxy in garage, solar panels, back splash in kitchen, cabinets and tool storage in the garage, storage shelves in laundry. No HOA.

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2377 N 156th Drive Goodyear, AZ 85395

$675,000

4 Beds

2.5 Baths

2,493 SqFt

Status Active

MLS # 6761055

Property Type Single Family Residence

Price Type --

Beautiful home nestled in Portales Palm Valley gated community. This stunning 4-bedroom plus den/office with glass french doors for privacy, 2.5-baths. The spacious layout boasts a modern open-concept design, perfect for both entertaining and everyday living. The gourmet kitchen features top-of-the-line appliances, including gas range, quartz countertops, extended island open to large great room, a true chef's delight. Eat in kitchen nook. The luxurious master suite is a private retreat, walk in tile shower, dual sinks and walk-in closet. Additional bedrooms are generously sized w/ ceiling fans, providing ample space for family or guests. Step outside to your tranquil backyard lush landscaping, 2 built in bbq's, concrete island, lightening for that elegant ambience feel. 10' ceilings, Water Softener, Reverse Osmosis system, New Water Heater, Wine fridge, Kitchen and Bath countertop recently upgraded, New Kitchen Hood and range ( kitchenaid ), Second bath fully remodeled, New Paint in all interior, including garages, New Exterior paint (2023), Smart thermostats, 3 HVAC control areas, Smart two car garage opener, Celling fans in every room, Propane Griddle and charcoal grill included, Fully automatic Irrigation system, Close circuit hard wired Cameras, Alarm sensors in all windows and doors, Smoke and CO2 Sensors. Conveniently located close to premier shopping centers and major freeways, this home offers the perfect blend of tranquility and accessibility. Enjoy the benefits of community amenities, including well-maintained common areas. Don't miss the opportunity to make this exquisite property your forever home. Experience the epitome of luxury living!

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13225 W Horsetail Trail Peoria, AZ 85383

$675,000

4 Beds

3 Baths

2,414 SqFt

Status Active

MLS # 6774679

Property Type Single Family Residence

Price Type --

Discover Your Dream Home with Breathtaking Mountain Views! This newly built 2022, 4-bedroom, 3-bath, Den, 2.5 car garage & front patio home is designed for modern living, offering mountain views and array of features that will make you fall in love at first sight. Step inside to be greeted by soaring 12-foot ceilings and a spacious great room, perfect for entertaining. Wood plank tile flooring flows seamlessly throughout the home, adding warmth and elegance. The heart of the home is the gourmet kitchen, boasting white cabinets with crown molding, a decorative tiled backsplash, luxurious granite countertops, expansive island with breakfast bar & built-in microwave & wall ovens. Double slider patio doors invite you to step outside and enjoy the low-maintenance synthetic turf and extended paver patio for additional seating. The property backs to a common area with no neighbors behind you to enhance your privacy. The community offers a 5300 sf community center - THE SOVITA CLUB -Surrounded by EPIC views, The Sovita Club - a recreation center and 10-acre amenity park Club features a resort-style pool, catering kitchen, movement and fitness on-demand studio, a multi-use turf court and basketball court, resident entertaining and gathering spaces, event lawns, and kids outdoor play zone. YOUR DREAM AWAITS!!!

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171 W Flagstone Place Casa Grande, AZ 85122

$675,000

3 Beds

3 Baths

2,753 SqFt

Status Active

MLS # 6699795

Property Type Single Family Residence

Price Type --

AMAZING SINGLE LEVEL HOME IN DESIRED COYOTE RANCH SUBDIVISION!! WALK INTO A LARGE FORMAL LIVING/DINING ROOM WITH BEAUTIFUL VIEW TO THE RESORT LIKE BACKYARD.SPACIOUS KITCHEN INCLUDES STAINLESS STEEL APPLIANCES,NEW WALL OVEN/MICROWAVE, GRANITE COUNTERTOPS, HUGE ISLAND AND R/O WATER SYSTEM IN KITCHEN. WATER SOFTNER AND CENTRAL VAC. SPACIOUS MASTER SUITE WITH LARGE WALK-IN CLOSET AND DOOR THAT EXITS TO EXTENDED COVERED PATIO. BEAUTIFUL MASTER BATH WITH GLASS BLOCK SNAIL SHOWER, DOUBLE VANITY, SEPARATE TUB AND PRIVATE TOILET. HUGE LOW MAINTENANCE LUCIOUS BACKYARD WITH DESIGNED DESERT LANDSCAPE. EXTENDED COVERED PATIO. NEWLY REPLACED POOL EQUIP & REFINISHED AMAZING POOL WITH ROCK FOUNTAIN IN THE POOL, WATERFALL AND ROCK FORMATION WATER SLIDE.

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15236 N 20th Place Phoenix, AZ 85022

$675,000

3 Beds

2 Baths

1,475 SqFt

Status Active

MLS # 6696568

Property Type Single Family Residence

Price Type --

Discover the opportunity of a lifetime - your very own dream vacation rental property is now available for sale! Indulge in the sheer luxury of this fully furnished vacation home, where every detail has been meticulously curated to create an inviting and comfortable ambiance. From the cozy living room to the fully equipped kitchen, this property ensures your guests have all they need for a memorable stay. Luxurious bedrooms and tasteful décor, your guests will find the utmost comfort and relaxation. Rest easy knowing that this vacation rental property has been meticulously maintained.: Pool Heater HVAC and Roof all new in 2022. Turnkey opportunity for the new owner. Not into vacation rentals, this is a perfect family home on a quiet cul-de-sac near Lookout Mountain! No HOA!

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823 W Clay Avenue Flagstaff, AZ 86001

$675,000

6 Beds

2.5 Baths

2,422 SqFt

Status Active

MLS # 6738092

Property Type Single Family Residence

Price Type --

ATTENTION ARTISTS, INVESTORS, & SMALL BUSINESS OWNERS! Looking for the perfect work life balance? This super cool 6 BD 2.5 BR home in Old Town Flagstaff checks all the boxes! Zoned Highway Commercial, this mixed-use property provides a perfect place to call home while doubling as a workspace in the center of the busiest traffic corridor in Flagstaff. The nearby university and high-density residential areas pack in foot traffic to and from NAU. Clay Ave is a well known ''back street'' for motorists looking for a quick route from Butler or Milton to Route 66 and back. Tucked away from the hustle, but still in the heart of it all! The main level opens into a sizeable mud room that gives way to the main living room and guest bathroom. Through the kitchen, you'll find a second living space, flanked with a ¾ bathroom, laundry room and back bedroom with exterior access to what could be a parking lot area. At the center of the building, stairs lead you up to 4 unique bedrooms featuring built ins, a dormer window, and a full, separate bathroom. At the base of the stairs, the final 6th bedroom awaits, each with authentic wood floors serving the historic value of this home. Pine bead board, craftsman style windows, cottage glass doors, shiplap walls, nooks and crannies...this old soul house is as far away from millennial gray as you can get! Don't miss this one of a kind opportunity to own a true piece of art. Research the Downtown Mile Project for more area developments!

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16159 W Granada Road Goodyear, AZ 85395

$675,000

3 Beds

2.5 Baths

2,564 SqFt

Status Active

MLS # 6723929

Property Type Single Family Residence

Price Type --

Gorgeous 3 beds, 2.5 bath with a den/office single level home with all the bells and whistles! Open concept kitchen flows out to the great room for easy entertaining. Elegant granite countertops, large kitchen island, maple cabinets, upgraded drawer/cabinet pulls, stainless steel appliances, and recessed lighting. Upgraded tray ceilings in formal dining room & master bedroom, TWO fireplaces, and private courtyard entrance. Master bathroom offers a separate shower & soaking tub, and dual sinks, and walk in closet. Easy to maintain backyard complete w/ pavered area & walkway. Walking distance to community greenbelts & play area. This home is truly move in ready!

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3059 E Rose Lane Phoenix, AZ 85016

$675,000

2 Beds

2 Baths

1,185 SqFt

Status Active

MLS # 6741677

Property Type Townhouse

Price Type --

Welcome to this charming golf course bungalow! Turnkey and ready for you to move-in! This 2 bed, 2 bath townhouse is located in the Biltmore Courts and overlooks the 11th tee box on the Arizona Biltmore Links Golf Course! The home has been recently renovated. New paint, new kitchen appliances, new cabinets, new quartz countertops, new bathroom tile, new carpet and new light fixtures! The property was also meticulously maintained by previous owners who only utilized it seasonally. Through every window in the home you have mountain views of Camelback, Phoenix Mountain Preserve and Piestewa Peak! Enjoy your evenings on the peaceful patio watching golfer tee off, an infamous arizona sunsets over the course as well as the downtown lights once the sun goes down. It's truly an oasis! You'll also get to enjoy the tennis/pickleball courts, heated pool, exercise room and Clubhouse, just steps away from your front balcony.

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