#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

207 S Beaver Street Unit 306 Flagstaff, AZ 86001

$629,000

1 Bed

1 Bath

794 SqFt

Status Active

MLS # 6773451

Property Type Apartment

Price Type --

Never lived in before! One bedroom, one bathroom condo with a walk-in closet, located in the heart of historical downtown Flagstaff. All furnishings seen in the MLS pictures convey at no additional cost! Reserved exterior parking spot, common area roof deck with two BBQ's, chairs and views that go on forever. Unit #306 has a private balcony with views of the mountains to the west and its own storage closet. Prime Flagstaff location, walking distance to everything. Upgraded unit on the third level of this stunning new 32-unit building. Seller will consider a seller carry. Don't miss out on this special condo.

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8215 W Gardenia Avenue Glendale, AZ 85303

$629,000

4 Beds

2 Baths

2,643 SqFt

Status Active

MLS # 6761936

Property Type Single Family Residence

Price Type --

Welcome home!! Perfectly situated to accommodate your lifestyle, this spacious residence boasts a great split floor plan w/ 3 bedrooms, a den & large bonus room!! You'll be greeted by ample parking space for all your vehicles & toys! The expansive 3-car garage provides additional storage & convenience. Step inside to discover a beautifully open floor plan from the kitchen, equipped with top-of-the-line appliances & ample counter space, to the inviting great room & living room bathed in natural light. Outdoors, indulge in the resort-like atmosphere of your own private pool & patio area, perfect for hosting gatherings. The landscaped yard offers both beauty and functionality, creating a serene backdrop for outdoor activities & leisure. Owned Solar!!

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201 S 6th Place Show Low, AZ 85901

$629,000

6 Beds

4 Baths

4,301 SqFt

Status Active

MLS # 6770835

Property Type Single Family Residence

Price Type --

Make this spacious home your own. The basement has a full kitchen,laundry, bedroom and garage access. Located in the heart of Show Low with many amenities nearby! Enjoy shopping, dining, City Parks, movie theater, BMX, skateboard park and city pickle ball courts just to name a few. This beautiful home would be a great year round home or vacation rental. This home is priced to sell and is Sold As Is. Home is currently used as VRBO. A new metal roof in 2018. 2019 - Re-routing main plumbing lines to accommodate larger groups. (An RV drain can easily be added to this new line) lighting fixtures, HVAC for main floor. In 2021 a new sump pump was installed in basement for kitchen sink. There are 2 water heaters in the home, in 2022 a new one was installed on the main floor. A new metal roof in 2018. 2019 - Re-routing main plumbing lines to accommodate larger groups. (An RV drain can easily be added to this new line) lighting fixtures, HVAC for main floor. In 2021 a new sump pump was installed in basement for kitchen sink. There are 2 water heaters in the home, in 2022 a new one was installed on the main floor.

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4629 Cactus Wren Road Wickenburg, AZ 85390

$629,000

2 Beds

2.5 Baths

2,143 SqFt

Status Active

MLS # 6749239

Property Type Single Family Residence

Price Type --

OWNED SOLAR MOVE IN READY. Located in the Wickenburg Ranch community, this stunning home is a perfect blend of luxury and convenience. OWNED SOLAR, a 2-car garage and a covered front porch, the home exudes curb appeal. Inside, the open floor plan creates an inviting space that's ideal for both daily living and entertaining. The large, upgraded kitchen is the heart of the home, featuring a spacious island, modern appliances, and easy access to the family room, where built-in bookshelves add character and functionality. A wall of sliding glass doors floods the interior with natural light and seamlessly connects the indoors to the outdoors. The generously sized primary bedroom is a private retreat, complete with a large shower in the en-suite bathroom, offering a spa-like experience Additionally, the home includes a second bedroom that is also ensuit offering your guests comfort and privacy. This home also has a versatile den/office nook, perfect for working from home or as a quiet reading space. Step outside to enjoy the low-maintenance desert landscaping, a covered back patio with a fan for year-round comfort, a cozy fire pit, and an outdoor BBQ islandideal for hosting friends and family. Located in the sought-after Wickenburg Ranch, this home combines resort-style living with the serenity of the Arizona desert, making it a true gem.

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1371 N Alison Way Chandler, AZ 85226

$629,000

3 Beds

3 Baths

2,037 SqFt

Status Active Under Contract

MLS # 6754121

Property Type Single Family Residence

Price Type --

* CHANDLER STUNNER * PREMIUM CORNER LOT * FORMER MODEL * ACROSS FROM COMMUNITY POOL * LIKE LIVING IN A RESORT * LOFT-STYLE HOME * QUARTZ COUNTERS * STAINLESS APPLIANCES * UPGRADED CABINETS * OVERSIZED SLIDER * WRAPAROUND BALCONY * UPGRADED RAILINGS * LOFT WITH VIEWS * MASTER SHOWER WITH TILE SURROUNDS * CASITA WITH HALF BATH * VIEWS OF SOUTH MOUNTAIN * GET IT BEFORE ITS GONE! *

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2638 S Holbrook Lane Tempe, AZ 85282

$629,000

5 Beds

3 Baths

2,340 SqFt

Status Active Under Contract

MLS # 6757352

Property Type Single Family Residence

Price Type --

Location, location! This charming home is a 7-minute drive to ASU and Tempe Town Marketplace, and less than 10 minutes to Tempe Town Lake and Mill Avenue. A 3 minute walk to McClintock High School adds convenience. Inside, enjoy a spacious, open-concept living area filled with natural light. The contemporary kitchen boasts sleek quartz countertops and ample cabinetry. The dining area, living room, and Arizona room are perfect for gatherings and entertaining. The home features two luxurious en-suites with elegant bathrooms and walk-in showers. Three additional bedrooms offer space for family or a home office. Outside, relax by the gated pool in your private oasis. Don't miss this ideally located and thoughtfully designed home!

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4432 Ute Circle Happy Jack, AZ 86024

$629,000

3 Beds

2 Baths

1,650 SqFt

Status Active

MLS # 6698505

Property Type Single Family Residence

Price Type --

Welcome home to this charming single-family log cabin home in Happy Jack. With 3 bedrooms, 2 bathrooms, and a loft space, this home offers plenty of room for you and your family. Step inside and be greeted by the warm and inviting atmosphere of this log home. The large windows throughout flood the home with natural sunlight, creating a bright and airy feel. The living room features vaulted Tongue & Groove wood ceilings and dual pane windows, providing stunning views of the surrounding scenery. The kitchen is an open floor plan with its kitchen island, ample counter space, and a pantry for all your storage needs. Recessed lighting and ceiling fans are installed throughout the home, ensuring comfort and convenience. With one bedroom upstairs and the two additional bedrooms downstairs they are perfect for guests or a home office with some privacy. The loft space offers endless possibilities, whether it be a game room or a quiet reading nook. Outside, you'll find a detached log garage and mature trees on the generous corner lot, providing privacy and a beautiful backdrop. The two-car garage ensures plenty of space for parking and storage. As for the neighborhood, Starlight Pines offers a serene and close-knit community. Nearby, you'll find a variety of outdoor activities such as hiking trails, reservoir and lakes, perfect for those who love to explore nature. Don't miss out on the opportunity to make this beautiful log cabin your forever home. Call now to secure your slice of paradise.

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15040 E Scarlet Sky Lane Unit 7 Fountain Hills, AZ 85268

$629,000

3 Beds

2.5 Baths

2,439 SqFt

Status Active Under Contract

MLS # 6757635

Property Type Townhouse

Price Type --

Fabulous townhouse located within desirable guard gated, Eagle Mountain golf community in the La Loma neighborhood. This move-in ready home features 3 bedrooms plus a loft, 2 1/2 bathrooms, 2 car garage, private yard, views and community pool and spa. Spacious and light filled rooms with over 2400 square feet provides plenty of space to entertain, as well as ample private outdoor living. Walk to the driving range and course, have lunch at the Grille while enjoying spectacular views. Conveniently located to grocery store, restaurants and shopping all within walking distance. Short drive to downtown area of Fountain Hills, hiking/biking/events/community garden/dark sky/world famous fountain, and an easy ride to the airport.

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4120 S Butte Lane Gilbert, AZ 85297

$629,000

5 Beds

3 Baths

2,771 SqFt

Status Active

MLS # 6710159

Property Type Single Family Residence

Price Type --

This stunning Gilbert home offers luxurious upgrades: new AC, 120-gallon Solar Water Heater, and OWNED solar panels with net metering. Inside, enjoy the new flooring, fans, and granite countertops in the kitchen and bathrooms, plus executive height counters. Upstairs loft adds flexibility. Outdoors, enjoy the hot tub with overflow, surrounded by palm trees, and take a refreshing swim in the custom-designed pool featuring a water slide, table with seating, waterfall, and grotto with seating. Use the extended covered patio for entertaining. Additional amenities include a soft water system, RO system, and prewired surround sound, enhancing the home's modern appeal. For safety, flood lights are installed, and the interior and exterior have been newly painted, adding to the contemporary charm.

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6614 E Juniper Avenue Scottsdale, AZ 85254

$629,000

2 Beds

2 Baths

1,428 SqFt

Status Active

MLS # 6719401

Property Type Single Family Residence

Price Type --

Amazing Scottsdale Location! Fully remodeled home on a large lot in a quiet neighborhood with a full spa, a cozy fireplace, & a wet bar. The kitchen features granite tile counters & stainless steel appliances. Enjoy Large master suite offering Large soaker tub and walk in shower. Soak in the AZ weather in your beautiful backyard with multiple covered patios, and a full size spa, beautiful desert landscaping with a pair of love birds nesting in the saguaro cactus, Also featured, a 2-car garage with epoxy flooring. Conveniently located off Bell Rd, equal distance to all the fun at Scottsdale Quarter, Kierland Commons, & Desert Ridge Marketplace with endless options for shopping, dining, & entertainment!

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4434 W Judson Drive Anthem, AZ 85087

$629,000

5 Beds

3 Baths

2,483 SqFt

Status Active

MLS # 6762579

Property Type Single Family Residence

Price Type --

It's totally move-in ready plus $10,000 Seller Credit at closing available: Rate buy down or use towards closing costs. 2024 Upgrades: New HVAC, gorgeous quartz countertops, a sleek 5 burner gas range , dishwasher, and stainless sink and faucet. The home boasts fresh wood-look tile on the first floor and plush new carpet upstairs, along with a full interior repaint—including crisp white cabinets. Refreshened exterior landscaping. The garage now has a polished epoxy floor, and plumbing and electrical fixtures have been updated. Outside, you'll find revamped landscaping with new landscape rock and lush synthetic grass in the backyard. The pool has been acid washed, refilled with fresh water, and fitted with new filters—ready for you to dive in! This home is loaded with all the essentials and then some!

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6733 E Palm Street Mesa, AZ 85215

$629,000

4 Beds

2.5 Baths

2,219 SqFt

Status Active Under Contract

MLS # 6763483

Property Type Single Family Residence

Price Type --

**PRICE TO SELL** WOW! Absolutely gorgeous home with an open floor plan. This stunning 4 bedroom, 2 ½ baths home boasts a perfect blend of comfort and Arizona living. The home has an open floor plan w/ master bedroom, bathroom ensuite, two vanities & a walk- in closet on the 1st floor. Nestled in a quiet family friendly neighborhood with no HOA. 3 ¼ car garage with room for three cars on the outside of it. RV gate for your toys. The home is just minutes away from top rated schools, parks and shopping & metro two blocks away. 10 mins drive to Tonto National Forest. 25-min drive to Saguaro Lake & 20 mins to Phoenix Sky Harbor airport. Key features: Spacious living area w/cathedral ceilings & abundant natural light. Enjoy open concept layout for family gatherings. Family room w/cathedral ceilings & a stone fireplace Gourmet kitchen: Well-appointed features ss appliances, granite counters, ample cabinet space w/a walk-in pantry & a sliding glass door going into your yard. Outdoor Oasis-step outside to a beautiful, landscaped back yard with irrigation, complete w/ covered patio area, HUGE pool & a large stone BBQ w/refrigerator for outdoor fun.

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