#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

1710 W Winchester Way Chandler, AZ 85286

$615,000

3 Beds

2 Baths

1,808 SqFt

Status Active

MLS # 6757286

Property Type Single Family Residence

Price Type --

EXCEPTIONAL SO CHANDLER BEAUTY in the coveted, Master Planned Community of Silverton Ranch! Buy now & move in before the Holidays! This 1-Story Home has been Meticulously Cared for & Upgraded. 3Bed+Den/ Office/ Library ( easy to make this a 4th Bedroom) NEWER Upgrades&Improvements: Wood-look Tile Plank Floors., Cabinets, Appliances, Granite, Ceiling Fans, Baseboards, Door Hardware, Window Treatments, Master&Guest Baths, Interior /Exterior Paint, Water Heater, Video-recording Doorbell. Backyard: Irrigation piping conver. + multi-port emitters, Shade, Pavers, Raised Garden., Vrble Spd Pool Pump. Artif Turf so you can enjoy your yard w/ easy-care Landscape. All this & more makes this your perfect Staycation Home! Conveniently located to many So Chandler great Amenities. See Photos!

View Property

3625 W Buckhorn Trail Phoenix, AZ 85083

$615,000

3 Beds

2 Baths

1,881 SqFt

Status Active

MLS # 6763510

Property Type Single Family Residence

Price Type --

Hidden gem in north Phoenix! Come see this beautiful home in a secluded corner of Phoenix. This prime location in Riordan Ranch offers quiet & serenity in a low traffic area. The home itself boasts 1881 square feet of living space, with 3 bedrooms, 2 full baths + den! It also has a split 3 car garage, newly renovated kitchen & backyard. The backyard is a resort like oasis! Featuring travertine tile, extended patio & louvered pergola, built in outdoor kitchen with barbeque, & all new turf grass! The neighborhood is adjacent to the Phoenix Mountain preserve, allowing for walks, biking & hiking in the desert. Great location, near the Norterra shopping district, restaurants, entertainment, & less than 2 hours to the mountains of northern Arizona. Please see attached list of $100k+ in upgrades

View Property

3221 W Kristal Way Phoenix, AZ 85027

$615,000

4 Beds

2.5 Baths

2,306 SqFt

Status Active

MLS # 6752650

Property Type Single Family Residence

Price Type --

This beautiful home has a North/South orientation on a large corner lot in the all-one-story Country Ridge neighborhood. A delightfully green back yard features a large covered patio and an open patio adjacent to a Pebble Tec play pool. The family room/kitchen/breakfast area is the center for entertaining friends. .A very large granite counter provides lots of serving space for indoor/outdoor parties. The formal living room and dining room give you that special location for holiday fun. You will be comfy cozy on those chilly winter evenings and you will have No Problem with those ''no burn days'', because the fireplace has a gas log set and an owned propane tank. The walk-in pantry has full shelves and is a room of it's own. The kitchen is a gourmet's delight with pull-outs in the base cabinets and loads of luxurious granite counter space. There is a High Definition Broadcast TV Antenna installed and ready to receive local channels for FREE. An extended Three Car Garage has two garage door openers, an epoxy coated floor, painted walls & ceiling shelf & cabinet storage AND Air Conditioning and Heat from a mini split system. The carport provides covered parking for a fourth car. The deep garage gives you lots of shop space and when you combine this with the bonus covered work area that is adjacent to the car port, you have a dream setup for hobbies, gardening, auto maintenance/restoration or whatever your heart desires. There are multiple Charter, Private and Public educational choices for your children within walking distance. The neighbors are great, the street has very little traffic and the freeway is just a few minutes away. Commuting to downtown Phoenix, the Scottsdale Airpark Area or the Taiwan Semi Conductor Campus are all within easy reach. Welcome Home!

View Property

4328 W Chama Drive Glendale, AZ 85310

$615,000

4 Beds

2.5 Baths

2,668 SqFt

Status Active Under Contract

MLS # 6722042

Property Type Single Family Residence

Price Type --

Stunning residence featuring a 3-car garage, 4 bedrooms, 2.5 bathrooms and NO HOA! Showcasing tile and wood-like flooring throughout. This home offers exquisite natural lighting and high ceilings. The charming kitchen offers plenty of counterspace, large pantry, and a breakfast nook. With granite countertops and stainless steel appliances, the kitchen accentuates the home's neutral pallet. The spacious primary room boasts an immaculate ensuite with dual sinks, a roomy walk-in closet, and a soaking tub. Backyard is an entertainer's dream adorned with a covered patio, manicured landscape, outdoor kitchen, sparkling swimming pool and RV gate with room for toys. Home is north/south facing. Located near the I 17, Loop 101, Shops at Norterra, Hurricane Harbor, golfing, hiking and more!

View Property

6614 E Portia Street Mesa, AZ 85215

$615,000

4 Beds

3 Baths

2,222 SqFt

Status Active

MLS # 6767410

Property Type Single Family Residence

Price Type --

Escape to Your Own Private Oasis in NE Mesa! This stunning 4-bedroom, 3-bathroom, 3-car garage home situated on a large lot offers the perfect blend of space, comfort, and outdoor living. Enjoy the privacy of a large, fenced-in front courtyard complete with a backyard oasis featuring a refreshing heated pool and spa with a large cover patio. No HOA: Enjoy the freedom and flexibility of owning a home without the restrictions of a homeowners' association.,room to park your toys / RV The well-maintained home features a spacious kitchen, perfect for entertaining. Key Features: Assumable FHA loan: (subject to lender approval) 4 bedrooms, 3 bathrooms, 3-car garage, Private front courtyard, Heated pool and spa, Large, well-maintained kitchen, and Great schools nearby

View Property

12518 W Skylark Drive Sun City West, AZ 85375

$615,000

3 Beds

2 Baths

2,694 SqFt

Status Active

MLS # 6754723

Property Type Single Family Residence

Price Type --

: Stunning Remodeled Home Backing to the 18th Hole of Stardust Golf Course Welcome to this meticulously crafted gem nestled in the heart of Sun City West. With nearly 2700 square feet of living space, this home offers a harmonious blend of elegance, comfort, and modern sophistication. Every detail of this home has been thoughtfully addressed, resulting in a seamless fusion of style and functionality. The heart of the home, the kitchen, features a waterfall granite island, perfect for entertaining or enjoying family meals. Top-of-the-line LG appliances elevate your culinary experience. The spacious layout seamlessly connects living, dining, and kitchen areas, creating an inviting atmosphere for gatherings. Don't miss this opportunity to own a slice of paradise in Sun City West

View Property

16981 S 175th Avenue Goodyear, AZ 85338

$615,000

2 Beds

2.5 Baths

2,363 SqFt

Status Active

MLS # 6735144

Property Type Single Family Residence

Price Type --

Gorgeous AV Home in Canta Mia 55+ gated community resort like living at its best. The Tremolo model 2 bedroom 2.5 baths, den and casita will not disappoint. Walk into courtyard with entrance to the casita and main home that welcomes you to warm foyer overlooking the beautiful back courtyard and pool. Kitchen with quartz countertops, loads of storage, pull out shelving, double wall ovens, newer gas cooktop, built-in microwave, large kitchen island, under/over cabinet lighting. Primary bedroom has bay window, sliding glass door takes you to covered patio/pool area. Primary bathroom walk-in tiles shower. bathrooms updated quartz countertop. Ceiling fans throughout. Backyard entertainers dream .Garage 240V, Casita 20amp. Additional insulation

View Property

2123 E Torrey Pines Place Chandler, AZ 85249

$615,000

3 Beds

2 Baths

2,159 SqFt

Status Active

MLS # 6765321

Property Type Single Family Residence

Price Type --

Come and explore this beautiful single-level home in Cooper Commons! You'll be captivated by its inviting charm, featuring wood-look floors & an open-concept living/dining area. Complete with built-in surround sound, this home is perfect for entertaining. The bright family room is ideal for creating lasting memories, while the cozy den offers a quiet space for an office. The kitchen is a chef's delight, complete with stainless steel appliances, quartz counters & a center island. Retreat to the main bedroom, which boasts a private bath with dual vanities, a soaking tub, and a walk-in closet. The backyard oasis includes a covered patio, a rejuvenating spa, & a sparkling heated pool, perfect for relaxation. You'll love everything about this home so check it out before it's gone!

View Property

17751 W Wood Drive Surprise, AZ 85388

Open House

New

$615,000

5 Beds

2.5 Baths

3,215 SqFt

Status Active

MLS # 6764772

Property Type Single Family Residence

Price Type --

Discover the perfect blend of modern upgrades and suburban charm in this stunning 2-story home. Featuring 5 spacious bedrooms and 2.5 stylish bathrooms, this home has been thoughtfully updated with brand-new floors, sleek kitchen countertops, and refreshed sinks, all complemented by fresh paint throughout. The luxurious master bedroom opens to a private balcony—perfect for morning coffee or unwinding after a long day. Outside, dive into your own pool, ideal for relaxing or hosting guests. With a 3-car garage and located in a thriving suburb, this move-in-ready home offers space, style, and convenience all in one! Close to grocery stores, schools, neighborhood parks and more! Check out the home before its gone!

View Property

4046 E Pinto Lane Phoenix, AZ 85050

Open House

New

$615,000

3 Beds

2 Baths

1,849 SqFt

Status Active

MLS # 6778057

Property Type Single Family Residence

Price Type --

Easy living, single-story home on a corner lot in the quiet and conveniently located Tatum Highlands Community. This home offers a great floor plan, with two living spaces, a backyard with private pool and spa, covered patio for relaxing and entertaining. Bright and spacious family room, kitchen, living, and dining room areas. The kitchen has granite counters, stainless steel appliances, tile floors, a large pantry, and skylights. The primary bedroom is your retreat with a walk-in closet, ceiling fan, ensuite bathroom with double sinks and bathtub. Plantation shutters throughout the home. New heat pump and AC, painted inside and out. Near John W. Teets Park and Desert Ridge shops and restaurants.

View Property

2435 E Jensen Street Mesa, AZ 85213

Open House

New

$615,000

3 Beds

2 Baths

1,991 SqFt

Status Active

MLS # 6772031

Property Type Single Family Residence

Price Type --

Welcome to this impeccably remodeled 3-bedroom, 2-bathroom home spanning 1,990 sqft of elegant, modern living. Home includes newer windows, roof, flooring, paint, and more! The spacious primary suite is a true retreat with a remodeled en-suite bathroom and a large walk-in closet. A secondary bedroom also features its own walk-in closet, providing ample storage. The gourmet kitchen impresses with a deep walk-in pantry, sleek countertops, and beautiful cabinetry. Outside, enjoy a private backyard space ideal for entertaining or unwinding under mature trees. This home seamlessly blends style and functionmove-in ready with every detail thoughtfully updated!

View Property

1605 N Spencer -- Mesa, AZ 85203

Open House

$615,000

4 Beds

2 Baths

1,968 SqFt

Status Active

MLS # 6750778

Property Type Single Family Residence

Price Type --

If you're looking for a home that has it all, this is the one for you! This gorgeously remodeled home, situated on just over a 1/4 of an acre with no HOA, has a brand new A/C, fresh paint, LVP flooring throughout, new kitchen cabinets and updated bathrooms. When you enter you will be greeted by an cozy sitting room with gas fireplace and formal dining space. As you continue on you'll find a spacious kitchen-great room open concept that wastes no space and connects the spaces brilliantly for comfort, conversation and dining. The bedrooms offer a chic and modern feel. As you step outside you will find an outdoor oasis with an expansive covered patio, sparkling pool and SO much space to grill and chill. Let's not forget the added bonus of RV parking and your gated front patio perfect for sipping morning coffee or watching the stunning Arizona sunsets!!

View Property