#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

14027 N 32nd Street Phoenix, AZ 85032

$635,000

4 Beds

3.5 Baths

2,197 SqFt

Status Active

MLS # 6742734

Property Type Single Family Residence

Price Type --

Welcome to this charming Phoenix home! With its inviting curb appeal, RV gate, and delightful fountain, you'll feel right at home from the start. Inside, you'll find stylish wood-look floors and a soothing color palette in a spacious great room featuring a chic chandelier and cozy fireplace. The pristine white kitchen boasts shaker cabinets, stainless steel appliances, a beautiful tile backsplash, quartz counters, and a breakfast bar island. The romantic primary suite offers a walk-in closet and a private bath. Relax on the covered patio with mountain views and entertain in the expansive backyard

View Property

20750 N 87th Street Unit 2120 Scottsdale, AZ 85255

$635,000

2 Beds

2 Baths

1,356 SqFt

Status Active

MLS # 6745602

Property Type Townhouse

Price Type --

Scottsdale Living at its finest in coveted Grayhawk! Recently updated with new luxury plank vinyl flooring, new interior paint, refreshed kitchen cabinetry & new stainless steel appliances, this perfectly appointed townhome in gated Encore at Grayhawk offers mountain views & a perfect location just steps from amenities, shopping & dining. From the ground floor foyer and immaculate 2-car garage w/ new epoxy floor, spacious second level living awaits. Natural light washes this end unit's open floor plan featuring living & dining area with cozy gas fireplace along with nicely appointed kitchen and casual dining bar. The primary retreat presents a stunning McDowell Mountain backdrop from its French Doors & balcony, and opens to a nicely appointed bath with separate tub & walk-in shower plus large walk-in closet. There is also a second guest room with adjoining bath to the hall. Stacked laundry area will accommodate full size units. Relax on the balcony facing common area and enjoy our Arizona sunsets, or go to the fantastic resident clubhouse for a workout and a swim. Welcome Home!

View Property

16525 W Sheridan Street Goodyear, AZ 85395

$635,000

2 Beds

2.5 Baths

2,066 SqFt

Status Active

MLS # 6745341

Property Type Single Family Residence

Price Type --

Paid off solar! Beautiful, very well maintained home in Pebble Creek golf Course community! New top of the line AC unit with a 10 year warranty. Enjoy low maintenance backyard, with brand new pavers and turf! Corner lot with great curb appeal, epoxy floors in 2.5 car garage. Bonus versatile room which can be used as office/ den or spare room. Two large master suites on opposite ends of house. Enjoy all this beautiful gated community has to offer, including pools, club house, restaurants/bar, coffee shop etc.

View Property

10649 E Lomita Avenue Mesa, AZ 85209

$635,000

3 Beds

2.5 Baths

2,628 SqFt

Status Active

MLS # 6759011

Property Type Single Family Residence

Price Type --

Gorgeous Home in The Villages of Eastridge! Discover this beautiful 3-bedroom+den(with Murphy bed)& Loft 2.5-bathroom home offering a versatile floor plan that's perfect for a home office, guest space, or a potential 4th bedroom! Begin your experience by stepping into a private, courtyard. Inside, the expansive eat-in kitchen is a chef's dream, equipped with a sleek induction cooktop, Samsung S/S refrigerator-less than 2 years old, and beautiful quartz countertops. The kitchen flows seamlessly into an open formal dining room & family room, creating an inviting space for gatherings and everyday living.This home is filled with custom touches, including fresh interior paint, detailed custom trim moldings, stylish lighting fixtures, newer carpet, Low E windows & new exterior paint. See more. Upstairs, unwind in the oversized master suite with an en-suite bathroom complete with dual vanities, a large walk-in closet, a separate shower, and a luxurious soaker tub. Two additional bedrooms, a full bathroom, and a cozy loft space provide plenty of room for everyone. Your private backyard oasis awaits with a 9-foot Pebble Tec diving pool featuring a fountain, a new turf lawn, a fire pit, and a lockable dog door perfect for enjoying Arizona's beautiful weather year-round. Parking and storage are no issue with the extended 3-car garage that comfortably fits a truck, complete with built-in cabinets and a widened driveway slab. The seller also has plans available for converting the third car garage into a casita, offering even more flexibility to suit your needs. Convenient access to the 60 and 202 freeways, and proximity to shopping, movies, and excellent school choices.

View Property

3951 W Talc Drive San Tan Valley, AZ 85144

$635,000

4 Beds

3.5 Baths

2,913 SqFt

Status Active

MLS # 6756189

Property Type Single Family Residence

Price Type --

Welcome to this beautiful 4 bedroom, 3.5 bath home in the heart of San Tan Valley! This property features modern finishes throughout, including a 2-car extended garage allowing space for up to 4 cars. The spacious kitchen boasts granite countertops, stainless steel appliances, and a large island—perfect for entertaining. You'll also find a rare builder upgrade by Toll Brothers—an extra sliding window in the kitchen, a feature no longer offered, along with an extended patio for seamless indoor-outdoor living. Relax in the inviting living room or step outside to your private backyard oasis with low-maintenance landscaping. Conveniently located near shopping, dining, and parks, this home has it all! A must-see in a fast-growing community

View Property

5100 E Rancho Paloma Drive Unit 2026 Cave Creek, AZ 85331

$635,000

2 Beds

2 Baths

1,990 SqFt

Status Active

MLS # 6766794

Property Type Townhouse

Price Type --

Discover this beautifully upgraded townhome in the highly sought-after Rancho North community, renowned for its privacy and breathtaking mountain and desert views. The spacious great room layout features two generous bedrooms, a large den, two full baths, and a two-car garage. The interior showcases stylish white cabinets, quartz countertops, a gas stove, and a spacious primary bathroom with an oversized shower. A neutral color palette creates a warm and inviting atmosphere. Two large sliding doors lead to a private balcony, ideal for enjoying the tranquil desert ambiance and unobstructed mountain vistas. With large picture windows that flood the home with natural light, this townhome offers a bright and airy feel. The community boasts fantastic amenities, including a heated pool, spa,BBQ area and workout facility. You'll also be conveniently located near shopping, dining, and outdoor activities like hiking and biking. This home is Energy Star Certified and features smart home technology, including WiFi door and garage locking and thermostat control, along with an EV charging station. Don't miss this exceptional opportunity!

View Property

15534 W Las Verdes Way Surprise, AZ 85374

$635,000

2 Beds

2 Baths

2,276 SqFt

Status Active

MLS # 6767014

Property Type Single Family Residence

Price Type --

This immaculately maintained home in the heart of Sun City Grand shines brighter than the rest! From the paver courtyard to the heated self cleaning pool and spa, 3 car garage AND newer roof, this home truly has it all. Don't miss out on making this stunning Coronado model your own - inquire now to find out more about all the incredible features this home and community have to offer!

View Property

15530 N 78th Avenue Peoria, AZ 85382

$635,000

5 Beds

3 Baths

3,026 SqFt

Status Active

MLS # 6769251

Property Type Single Family Residence

Price Type --

Seller may consider buyer concessions if made in an offer. Welcome to your dream home, featuring many desirable attributes. The neutral color scheme and fresh interior paint create a calming ambiance. The kitchen is a cook's delight with a central island. The primary bedroom includes a walk-in closet and an en-suite bathroom with double sinks, a separate tub, and a shower. Enjoy cozy evenings by the fireplace. The fenced backyard is perfect for entertaining, with a private in-ground pool, a covered patio, and a storage shed. Our lawn is adorned with low maintenance landscaping, allowing you to enjoy the aesthetics without the additional work. This home offers comfort, convenience, and style in equal measure.

View Property

17572 W Polaris Drive Goodyear, AZ 85338

$635,000

5 Beds

3 Baths

3,011 SqFt

Status Active

MLS # 6750396

Property Type Single Family Residence

Price Type --

RARE 4 CAR GARAGE. Nestled at the base of the Estrella Mountains is the highly desired community of Estrella Mountain Ranch. This is where you'll find this rare 5 bedroom, 3 bath home with a 4 car garage, and pool. As you enter, you'll love the vaulted ceilings that provide ample natural light that fills the rooms, not to mention the plantations shutters. This will lead into the open concept kitchen - family room that features lovely views to the backyard that boasts a sparking pool, grass areas, large covered patio, tasteful landscaping and, your very own: two 30+ foot palm trees. The kitchen features stainless appliances, Corian counter tops along with 42'' cabinetry. You'll also love that there's a bedroom and adjacent bathroom on the main floor which is perfect for guests: see more Or multi-general living. Upstairs is where you'll find a large loft space along with 3 nice sized bedrooms serviced by a full bathroom with shower and dual sinks. The primary bedroom sports terrific views and a large en suite bathroom featuring separate tub and shower, dual vanities, private toilet room, and a large walk-in closet. You're just a short walk or bike ride to the lakes here in Estrella. This amazing home is just a couple minutes drive to Mountain Ranch Marketplace which is home to Safeway, Starbucks, Subway, medical and dental care and a list of many more services. By the way, you can cancel your gym membership as Estrella offers two residence clubs both with state-of-the-art workout facilities. These clubs also feature swimming pools, banquet facilities, restaurants and more. The community boasts two elementary schools and a highly touted high school. This home is a rare find in a vibrant community, offering the perfect combination of convenience, comfort, and style. Don't miss the opportunity to make this your dream home!

View Property

2686 E Westchester Drive Chandler, AZ 85249

$635,000

4 Beds

2 Baths

2,421 SqFt

Status Active Under Contract

MLS # 6693315

Property Type Single Family Residence

Price Type --

Beautiful 4 bed/2 bath w/3 car garage in desirable Sun River Community. Great room floor plan with split master. Formal dining room. Kitchen - 42 inch staggered cabinets, side by side refrigerator, center island, breakfast bar, pantry with pull out shelves and breakfast nook. Custom media niche. Tile throughout except bedrooms. Oversized master bedroom. Master bathroom - separate tub/shower, glass block window, 2 sinks and vanity area. Huge walk in closet. Hall bath has 2 sinks. Over-sized, private backyard with 10' access gate.

View Property

10649 N 113th Street Scottsdale, AZ 85259

$635,000

4 Beds

3 Baths

2,485 SqFt

Status Active Under Contract

MLS # 6753941

Property Type Single Family Residence

Price Type --

Welcome to this spacious 4-bed, 3-bath home spanning 2,485 square feet, nestled at the end of a serene cul-de-sac. Enjoy modern comforts with new solar panels and updated HVAC systems (installed in 2019 and 2024). The home has been freshly painted both inside and out this year, complemented by new, matching blinds and ceiling fans to keep you cool all summer long. A new roof underlayment was added last year, and there's a brand-new garage door opener for added convenience. Step outside to your private backyard oasis, featuring a generously sized 12-foot deep pool with a diving board and has been regularly maintained. For additional shade and comfort, a retractable awning is mounted for those sunny days. This home offers incredible potential and is ready for you to make it your own.

View Property

26233 N 133rd Avenue Peoria, AZ 85383

$635,000

4 Beds

3.5 Baths

3,005 SqFt

Status Active

MLS # 6776183

Property Type Single Family Residence

Price Type --

Built in 2022! 4 bed 3.5 bath home w/ a loft & a 3 car garage located in Rancho Cabrillo community in North Peoria. Paver driveway & double side gate. Wood-like tile in the main traffic areas. The kitchen is open to the family room & includes a huge island, quartz counter tops, gas range, premium stainless steel appliances & a pantry. The primary suite is over-sized & the primary bathroom includes a huge shower, dual sinks, quartz counters & a large walk-in closet. Backyard is a blank canvas, plenty of room for a pool. Open greenspace across the street & beautiful mountain view from the backyard! Walking distance to A+ schools & parks.

View Property