#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

9036 E Halifax Circle Mesa, AZ 85207

$620,000

4 Beds

2 Baths

1,900 SqFt

Status Active

MLS # 6765309

Property Type Single Family Residence

Price Type --

Here's the home you have been looking for! This move in ready home has been updated throughout the years and features 4 bedrooms, 2 bathrooms, vaulted ceilings, a private heated pool and a 2 car garage. This energy efficient home includes a brand new 19 seer AC unit, New windows throughout, and a new roof with a 10 year warranty. The updated kitchen consists of resurfaced cabinets, SS appliances including induction cooktop, corian countertops, custom tiled backsplash and an island. The kitchen opens to the family room and features a gas fireplace & a work station. The primary bedroom is split from the 3 guest bedrooms and includes french doors that lead to your private heated salt pool. Step out back to enjoy the low maintenance backyard including a built in BBQ, covered patio with extended pavers & walkway, expansive use of turf offering multiple seating areas, citrus trees and more. Additional upgrades include new security doors front & back, neutral paint, shutters, new garage door, new hot water heater and a new salt cell. All of this is conveniently located just off of the 202 freeway and offers easy access to shopping, schools, hospitals, restaurants, multiple lakes and the Salt River. Move this one to the top of the list before it's too late!

View Property

4808 N 24th Street Unit 1125 Phoenix, AZ 85016

$620,000

2 Beds

2 Baths

1,361 SqFt

Status Active

MLS # 6773318

Property Type Apartment

Price Type --

VIEWS, VIEWS, VIEWS! Floor to ceiling dual pane windows boast expansive city light and mountain views. Come see this charming 11th floor condo w a spacious 2 bedroom 2 bathroom 1361sq/ft floor plan. All this in the luxurious Optima Biltmore. Condo has been tastefully remodeled with engineered hardwood floors, designer modern pantry w slider glass floor to ceiling doors, new paint, ceiling fans & lighting. . Optima's known for it's amenities including Gym, sauna, community room, concierge, rooftop zero edge pool,spa, BBQ, . Why drive when you can live in the heart of Biltmore & walk to dining galore, shopping, movies, spas & more!

View Property

27002 W Oraibi Drive Buckeye, AZ 85396

$620,000

3 Beds

3 Baths

2,529 SqFt

Status Active

MLS # 6759792

Property Type Single Family Residence

Price Type --

Step into style and comfort through a private courtyard w/a wrought iron gate. This stunning 3+ bed, 2.5 bath home boasts 10-foot ceilings, an elegant kitchen featuring a half-moon island w/seating for 4+,a convenient coffee bar and expansive pantry nearby. The open-concept main living area leads to a walk-out slider. The spacious owner's suite offers an extra-large walk-in closet and a luxurious bathroom with dual sinks and a generous walk-in shower. Additional highlights: a golf cart garage, an expansive covered patio surrounded by greenery and a mister system, large corner lot and automated blinds in the main livingroom. Experience the perfect blend of comfort and sophistication in this meticulously designed and maintained home. sophistication in this meticulously designed and maintained residence. Located in a 55+ community, pools, golf, community centers with a variety of amenities.

View Property

4811 W Taro Drive Glendale, AZ 85308

$620,000

4 Beds

3 Baths

2,136 SqFt

Status Active Under Contract

MLS # 6770584

Property Type Single Family Residence

Price Type --

Magnificent Tri-Level 4 bed 3 bath home. Move in ready! This major remodel includes a full kitchen renovation with shaker cabinets, soft close drawers, custom backsplash, quartz counter tops. Kitchen island boasts waterfall quartz counter and wine fridge. All stainless steel appliances included! Perfect for entertaining! Luxury plank vinyl throughout. No Carpet! Enjoy the upgraded features throughout the home. Unwind in your luxurious primary suite with a spa-like bathroom featuring double sinks, custom walk in shower w/seating, large walk in closet and separate toilet room. 3 bed upstairs and other bedroom with 3/4-bathroom downstairs. Perfect for multi-generational living! Backyard boasts a gorgeous sparkling pool with built in seating, large covered patio w/expansive travertin ravertine deck. Water softener, 3 car garage and and N/S exposure. Inside Laundry Room include Whirlpool Washer (2019) and dryer. 5 ton Trane 14 SEER A/C (2022). New swimming pool and pool equipment 2022. New roof (2023). Easy access to Loop 101. Close to shopping, dining and entertainment. Close to Deer Valley High School , Midwestern University, Honeywell, Honor Health Hospital, and I-17 freeway. Minutes to ASU West and Arrowhead Mall.

View Property

36095 N Desert Tea Drive Queen Creek, AZ 85140

$620,000

4 Beds

3 Baths

1 SqFt

Status Active

MLS # 6585436

Property Type Townhouse

Price Type --

Welcome to this tastefully decorated and designed property located in the highly desired gated community of Encanterra! Downstairs, this home offers the primary room, a guest bedroom, bathroom and laundry. Upstairs, you're greeted with a cosy loft, two bedrooms and third bath. The kitchen is complete with quartz countertops, modern cabinetry, glass tile backsplash and GE Monogram stainless steel appliances with built in refrigerator, dual ovens and warming drawer. You want it furnished, 'lock & leave' status... Sure! Relax and enjoy yourself under the covered back patio with a built-in BBQ looking out to a large grassy area. Welcome home!

View Property

7837 N 6th Street Phoenix, AZ 85020

$620,000

3 Beds

2 Baths

1,839 SqFt

Status Active

MLS # 6730822

Property Type Single Family Residence

Price Type --

Welcome to this delightful 3-bedroom, 2-bath gem in north central Phoenix! With its spacious layout, convenient location, and abundant outdoor space, this home offers the perfect blend of comfort and convenience. Three generously sized bedrooms provide ample space for relaxation and rest. Whether you're looking for a cozy retreat or a home office, these rooms offer versatility and comfort. Two well-appointed bathrooms ensure convenience for your daily routines. The bright and airy eat-in kitchen is perfect for casual meals. Imagine sipping your morning coffee by the window overlooking the lush backyard and diving pool. For special occasions or intimate gatherings, the formal dining room awaits. Relax in the formal living room or head to the family /entertainment room The spacious family room provides a cozy spot for movie nights or simply unwinding after a long day. Natural light floods the room, creating a warm and inviting atmosphere. Centrally located, this home offers easy access to shopping, dining, entertainment, and more. You'll love being part of this vibrant community. The laundry room doubles as a workshop, providing space for DIY projects, crafts, or storage. Lace-up your sneakers and explore the nearby walking and biking trails. Plus, the Piestewa Freeway is just minutes away, making your commute a breeze. Conveniently park your vehicles or use the garage for additional storage. Don't miss out on this fantastic opportunity to own a piece of Phoenix paradise. Make this house your home!

View Property

5100 E Rancho Paloma Drive Unit 2043 Cave Creek, AZ 85331

$620,000

2 Beds

2 Baths

2,074 SqFt

Status Active

MLS # 6707699

Property Type Townhouse

Price Type --

This beautiful condominium, built in 2022, boasts a spacious and airy open floor plan, designed for modern living. Enjoy breathtaking mountain views and attached 2 car garage. This beloved second home, has been lightly lived in, ensuring its great condition. Equipped with smart home technology, allowing you to manage your home remotely with ease. Control lighting, security, and other essential functions from anywhere, ensuring your home is always ready for your arrival. Enjoy ''The Good-Life'' in this wonderful pet-friendly community, with a fitness room, a heated pool and spa. The Office can be converted into a 3rd bedroom if needed. The furniture is negotiable and will be conveyed separately on bill of sale.

View Property

1506 N Diane Street Mesa, AZ 85203

$620,000

3 Beds

2 Baths

3,028 SqFt

Status Active

MLS # 6712863

Property Type Single Family Residence

Price Type --

BASEMENT HOME, WITH A POOL, GREAT LOCATION!! Welcome to this uniquely beautiful home offering granite countertops in the kitchen, newer flooring throughout, vaulted ceilings, and new microwave/oven/dishwasher in the kitchen. The spacious basement includes a wet bar and is perfect for entertaining friends and family with movie nights, or all out game time with billiards, ping pong, or poker night. Dive into the refreshing pool, and enjoy basking in the sun in your private oasis while sipping your favorite drink. Bathrooms boast new quartz countertops, and the large laundry room comes with a sink. The primary bedroom offers a spacious walk-in closet and a luxurious bathroom with dual sinks, a separate tub, and shower. This home is a must-see!

View Property

883 E Gemini Place Chandler, AZ 85249

$620,000

4 Beds

2 Baths

1,913 SqFt

Status Active

MLS # 6727074

Property Type Single Family Residence

Price Type --

Beautiful Home in the Gated community of Paseo Crossings. Great location for your family to enjoy many community events. 4 bedroom 2 bath with an open floor plan. 3 car split Garage with direct home access to both! Large back yard with pool and plenty of decking and patio areas. Large eat in kitchen with extended cabinets. AC has been updated, Windows and bathrooms updated. Granite counters Stainless steel appliances. The upgraded Kitchen cabinets, backsplash and lighting make this a perfect home to gather enjoy family.

View Property

10511 E Portobello Avenue Mesa, AZ 85212

$620,000

3 Beds

2.5 Baths

2,584 SqFt

Status Active

MLS # 6733154

Property Type Single Family Residence

Price Type --

Fantastic Single Story with everything you want, 3 Car Garage, In-ground Play Pool w/waterfall, N/S exposure, 3 BR's + a Den! 2-1/2 Baths, Split floor plan, Upgraded very nicely! Kitchen offers Granite Counters w/large Breakfast Bar, Stainless Appliances, Raised panel light maple cabinets & tile floors & it's connected to Large Family Room. There's also a Living Room & separate Dining Room as you enter the home. The Master BR is a wonderful size along with the updated Master Bath, offering separate tub & shower with nice tile surrounds including glass inserts + dual sinks & private water closet & large closet! Wow, you're going to love the yard, California, pebble tech play pool w/waterfall & BI BBQ & plenty of add'l room for pets & kids to Romp . Also has Double gate for easy access

View Property

18182 W Young Street Surprise, AZ 85388

$620,000

5 Beds

3.5 Baths

3,636 SqFt

Status Active

MLS # 6739794

Property Type Single Family Residence

Price Type --

MOTIVATED SELLERS!! Home Sweet Home! This exquisite 5-bedroom, 3.5-bathroom residence features a 2-car garage, elegant stone accents, and a welcoming front patio. Inside, the living/dining room boasts a cool palette, plantation shutters, and attractive wood-look flooring. The great room features double French doors that open to the backyard for seamless indoor-outdoor living. The impeccable kitchen comes with granite counters, wood cabinetry with crown moulding, recessed lighting, SS appliances, a pantry, and an island with a breakfast bar. The versatile bonus room is perfect an office or study. The cozy loft upstairs provides a peaceful retreat. Discover a sizeable main bedroom offering plush carpeting, a quaint sitting nook, an ensuite with dual sinks, and a walk-in closet. Outside, the backyard oasis showcases a covered patio, stylish pavers, a ramada, a firepit for evenings under the stars, and a sparkling pool. Make this gem yours!

View Property

886 S Pleasant Drive Chandler, AZ 85225

$620,000

4 Beds

2.5 Baths

2,137 SqFt

Status Active

MLS # 6743825

Property Type Single Family Residence

Price Type --

Welcome to your dream home in beautiful Chandler, Arizona! This stunning 4-bedroom, 2.5-bathroom residence offers the perfect blend of comfort and elegance. Step inside and be greeted by an inviting floor plan with abundant natural light creating a warm and welcoming atmosphere. The luxurious master suite is a serene retreat, complete with a generous walk-in closet and a spa-like en-suite bathroom featuring dual vanities, a soaking tub, and a separate shower. Three additional well-sized bedrooms provide plenty of space for family, guests, or a home office. Step outside to your private oasis—a beautifully landscaped backyard with a sparkling pool that promises endless hours of relaxation and fun. Whether you're hosting summer barbecues, enjoying a quiet evening under the stars... or simply taking a refreshing dip, this backyard is perfect for both entertaining and unwinding. Additional features of this exceptional home include a 3-car garage, solar panels, new AC units and proximity to top-rated schools, parks, and shopping. Don't miss this opportunity to own a slice of paradise in Chandler. Schedule your showing today and experience the perfect combination of luxury and comfort!

View Property