#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

117 E Vaughn Avenue Gilbert, AZ 85234

Open House

$599,000

3 Beds

2.5 Baths

1,379 SqFt

Status Active

MLS # 6775846

Property Type Single Family Residence

Price Type --

This move-in ready gem is just steps away from vibrant Downtown Gilbert, where numerous dining, shopping, and entertainment experiences await! It is also beautifully remodeled with upgraded flooring, bathrooms, kitchen, windows, doors, paint, fixtures, and more inside. PLUS! Outside boasts new roof and paver patio. The main house features 3 bedrooms and 2 bathrooms, and a 160 sq ft detached bonus room with a half bath can be used as a playroom or office — offering endless possibilities to suit your lifestyle. The large yard has mature shade trees. Your new home perfectly blends vintage charm with modern conveniences. Don't miss your chance to own a piece of history in this fantastic location in Downtown Gilbert! No HOA.

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2351 N Tierra Alta Circle Mesa, AZ 85207

Open House

$599,000

4 Beds

2 Baths

1,811 SqFt

Status Active

MLS # 6775532

Property Type Single Family Residence

Price Type --

Incredible Opportunity in East Mesa! Discover the only single-level, 4-bedroom home under $600,000 east of the 202 Loop with a private pool in a gated community. This rare find is nestled on a premium corner lot in the secure Boulder Mountain Community, offering a perfect blend of comfort and style. The home showcases a beautifully updated chef's kitchen with a gas range, Taj Mahal quartzite countertops, a custom backsplash, and many thoughtful upgrades. The functional split floor plan ensures privacy, with one secondary bedroom featuring a walk-in closet.The stunning primary bathroom boasts a large shower with a glass wall and a separate soaking tub, perfect for unwinding. Elegant diagonally laid tile throughout the main living areas adds sophistication, while the oversized 2.5-car garage provides ample storage space and includes an 18,000 BTU HVAC mini split for heating and cooling. The expansive corner lot is ideal for entertaining, with a gorgeous pool as the centerpiece. Lots of entertainment areas, and lovely garden beds. Plus, enjoy peace of mind with a new AC unit that keeps the home comfortable year-round. Boulder Mountain's prime location near Loop 202 and its proximity to Usery Mountain Regional Park offers endless opportunities for hiking, biking, and outdoor recreation. Also, walking distance to A+ rated schools! Don't miss out on this exceptional find!

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3267 Huckleberry Way Wickenburg, AZ 85390

Open House

$599,000

2 Beds

2 Baths

1,700 SqFt

Status Active

MLS # 6759265

Property Type Single Family Residence

Price Type --

Magnificent view of 13th Green on the Championship Course! Step thru the front door into this highly upgraded Beacon Floor Plan. From tile throughout the home to the stunning kitchen granite counters this home has everything. SS appliances, large center island, pull out shelving for the soft close cabinet doors, elegant pendant lights for entertaining guests. Primary w/same granite counters, dual sinks & Walk-in closet. Great room with multi-sliding glass door leads you out to the amazing extended patio and views. This floor plan comes with a separate Den and Guest Suite w/Hall Bathroom. Stop by today to make this once in a lifetime your next home!

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7723 W Encinas Lane Phoenix, AZ 85043

Open House

$599,000

5 Beds

3 Baths

3,818 SqFt

Status Active

MLS # 6751731

Property Type Single Family Residence

Price Type --

Discover your dream home in Phoenix! This stunning property boasts a spacious 3,818 sq. ft. floor plan with 5 bedrooms and 3 bathrooms, perfect for growing families or those who love to entertain. Enjoy Arizona summers with your very own private pool, ideal for relaxing and hosting gatherings. The home features a brand-new AC system and updated flooring, ensuring comfort and style throughout. Located next to a beautiful greenbelt to the west, this home offers a peaceful outdoor environment while being close to local amenities. Don't miss out on this amazing home.

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5679 N Bornite Way Casa Grande, AZ 85194

$598,998

3 Beds

2.5 Baths

2,505 SqFt

Status Active Under Contract

MLS # 6721752

Property Type Single Family Residence

Price Type --

2024 Brand new Single level, located on 1 Acre lot in an excellent location just a couple of minutes from I-10. This beautiful plan is a semi-custom 3/4 bedroom 2.5 bath home. Spacious floor plan with high ceilings, kitchen with rich Quartz counter tops, stainless steel appliances, white cabinetry, beautiful tile flooring, carpeted bedrooms 4-car garage, fully fenced block walls with RV Gate, concrete driveway, covered patio, Blown in foam insulation. Block fencing with 1 RV Gate & HOA allows RV's, Boats and Toys!!!

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2910 S Miller Drive Chandler, AZ 85286

$598,900

4 Beds

3 Baths

2,298 SqFt

Status Active

MLS # 6719371

Property Type Single Family Residence

Price Type --

Beautiful 3-bedroom home with a versatile downstairs den that can easily serve as a fourth bedroom with a bathroom for guest quarters or generational living. Located just 1 mile from Chandler Crossroads and the 202 freeway, this home offers both convenience and accessibility, all while sitting on a huge lot that backs onto a greenbelt. BRAND NEW exterior paint, garage floor epoxy, and cool deck refinishing all completed 10/1/2024. Inside, you'll find tall 9 ft+ ceilings and elegant wood floors. The home also features a water softener, new a/c units in 2020, and a garage storage rack system. With an optimal floorplan including a formal living and dining room, family room, a den, and a full bathroom on the main floor and three bedrooms including the master suite with soaking tub and walk-in closet upstairs. The kitchen features granite countertops, a large walk-in pantry, stainless steel appliances, and a breakfast bar. With a fully landscaped front and back yard, tons of greenery and privacy, private pebble-tec pool, extended concrete decking, and a spacious lawn perfect for kids to play on, a covered patio, and an added storage shed to store your lawn and pool supplies. This one is a must see!

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14107 S 203rd Lane Buckeye, AZ 85326

$598,900

4 Beds

2 Baths

1,921 SqFt

Status Active

MLS # 6754403

Property Type Single Family Residence

Price Type --

Nestled on a serene 1-acre lot in a peaceful cul-de-sac, this remarkable single-story home offers an unparalleled blend of comfort, style, and outdoor living! Be greeted by a circular driveway, solar panels, and an inviting front porch—an ideal spot to enjoy your morning coffee. With a 3-car garage and ample parking space, this property ensures you'll never have to worry about guest parking. Designed for both relaxation and entertainment, the expansive backyard is truly a retreat! It features a full-length covered patio, fire pits, a deck, a built-in basketball hoop, and a refreshing pool with a water feature. This gem has plenty of space for horses, animals, or your toys! Breathtaking mountain vistas! Hurry! Your paradise awaits!

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25106 N 171st Lane Surprise, AZ 85387

$598,506

5 Beds

4 Baths

3,185 SqFt

Status Active

MLS # 6763334

Property Type Single Family Residence

Price Type --

MLS#6763334 December Completion! This adaptable Victory floor plan at Asante offers an inviting open-concept layout, where the kitchen flows effortlessly into the great room, complemented by a nearby dining area. The primary suite is conveniently situated on the main level, complete with a spacious walk-in closet and a thoughtfully designed bath. The first floor also includes a full bathroom, a powder room, and a versatile flex space that can be tailored to your lifestyle. Upstairs, you'll find additional bedrooms, a full bath, ample storage, and a loft, perfect for extra living or entertaining space. Structural upgrades include: a paver front porch and walkway, a fifth bedroom with an en-suite fourth bath, 12' x 8' multi-slide door, soft water loop and a garage service door.

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870 W Shellfish Drive Gilbert, AZ 85233

$598,500

3 Beds

2.5 Baths

2,035 SqFt

Status Active

MLS # 6751826

Property Type Single Family Residence

Price Type --

Centrally located in the highly desirable Gilbert Islands community, this home offers both modern amenities and an eco-friendly lifestyle. Equipped with solar panels and an EV charging station, it's perfect for the environmentally conscious homeowner. This charming residence features a spacious layout with 3 bedrooms plus a loft/den, a large family room, and a well-appointed kitchen with stainless steel appliances and new granite countertops. Enjoy the serene ambiance of a quiet street across from the lake, with a private backyard that backs to a treed park—no neighbors directly behind. The resort-like outdoor space includes a large pool, ample gardening area, and side-yard storage for your toys. Great access to local amenities, schools and shopping.

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302 W Oak Avenue Unit 3 Flagstaff, AZ 86001

$598,000

2 Beds

2.5 Baths

1,085 SqFt

Status Active

MLS # 6733268

Property Type Single Family Residence

Price Type --

TO BE BUILT...Welcome to modern living in the heart of Flagstaff - a collection of contemporary detached homes that redefine luxury and convenience. Nestled against the backdrop of the stunning mountains, step into a world where architectural brilliance meets nature's beauty. The community boasts a sleek and contemporary design that seamlessly integrates with the natural surroundings. Plentiful glass allows ample natural light to flood the interiors, creating a harmonious blend of indoor and outdoor living. Clean lines, high ceilings, and thoughtfully designed spaces provide an open and airy atmosphere making each home a sanctuary of modern sophistication. Wake up to the awe-inspiring sight of the mountains right outside your window (Select Lots Only).

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2805 W Wayne Lane Anthem, AZ 85086

$598,000

4 Beds

2.5 Baths

2,560 SqFt

Status Active

MLS # 6767232

Property Type Single Family Residence

Price Type --

This delightful home boasts a spacious living and dining room adorned with vaulted ceilings, charming light fixtures, and engineered wood plank flooring. Step into the bright great room, flooded with natural light, creating an inviting and warm atmosphere. The new quartz counters and subway tile backsplash in the kitchen look incredible! Two pantries and an island with a breakfast bar add functionality and style. The generous den/hobby room is perfect for a home office or creative studio. Upstairs you will find 4 bedrooms and 2 baths plus a walk out balcony to enjoy the beautiful nights in Anthem Arizona! You will love this home! Upstairs, retreat to the primary suite, complete with a double-door entry, plush carpeting, a full ensuite, and a mirrored walk-in closet. Enjoy breathtaking mountain views from the private balcony, or relax under the covered patio in the large desert-landscaped backyard. Don't miss it!

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6229 E Pinchot Avenue Scottsdale, AZ 85251

$598,000

2 Beds

2 Baths

1,658 SqFt

Status Active

MLS # 6767757

Property Type Townhouse

Price Type --

Discover this rare 2-bedroom, 2-bath mid-century townhome in Scottsdale's iconic Golden Keys community! Ideally situated near the pool and clubhouse designed by Ralph Haver, this gem welcomes you with a bright entry and a cozy living area featuring classic tongue-and-groove ceilings—perfect for entertaining. The second bedroom boasts a built-in office, bookshelves, and twin hideaway beds for guests or workspace. Enjoy the updated dining area and kitchen, along with well-maintained plumbing and mechanics. Step outside to your private backyard oasis, showcasing spacious covered patio space, flagstone-like flooring, Tuff Turf, and a soothing water feature. This home offers the perfect blend of seclusion and central convenience—don't let this opportunity slip away! The updated dining area and kitchen are complemented by well-maintained plumbing and mechanics, ensuring a move-in ready experience. Step outside to a private backyard oasis that embodies Arizona Living, featuring a spacious covered patio, flagstone-like flooring, Tuff Turf, and a tranquil water feature. This home offers an exceptional balance of seclusion and central accessibility. Seize this opportunity today!

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