#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

16426 S 180th Drive Goodyear, AZ 85338

New

$595,000

2 Beds

2 Baths

1,779 SqFt

Status Active

MLS # 6777616

Property Type Single Family Residence

Price Type --

Welcome to this energy-efficient residence located on a desirable corner lot in the sought-after 55+ Cantamia Community! Enter to find a harmonious open floor plan featuring wood-look tile flooring & neutral palette that complements any décor. Well-appointed kitchen boasts abundant cabinets topped w/crown moulding, tile backsplash, butler's service area, recessed & pendant lighting, a prep island w/a breakfast bar, granite counters, & high-end SS appliances such as cooktop gas & a wall oven. The main bedroom is a serene retreat, offering plush carpet, plantation shutters, an ensuite w/dual sinks, & a walk-in closet. Flexible den provides additional space, perfect for an office or library. Discover the expansive backyard, complete w/an extended covered patio & a refreshing pool. LAKE VIEW! *$$$SOLAR SAVINGS$$$* / GATED community / DEN-FLEX ROOM can be easily converted into 3rd BDRM. NEAT Bucher Block counter in Butler area- AC Minisplit in the Garage.

View Property

2226 N Shannon Way Mesa, AZ 85215

$595,000

2 Beds

2 Baths

1,586 SqFt

Status Active

MLS # 6772985

Property Type Single Family Residence

Price Type --

LOCATED ON THE 4TH TEE BOX OF APACHE WELLS GOLF COURSE. THIS EXCELLENTLY MAINTAINED 2 BEDROOM 2 BATHROOM HOME IS READY TO MOVE RIGHT INTO. NEWER KITCHEN CABINETS AND BACKSPLASH. NEW QUARTZ COUNTERTOPS. NEW FLOORING IN LIVING ROOM. PATIO HAS BEEN EXTENDED AND AN ELECTRIC AWNING INSTALLED IF IN NEED OF SHADE. BEAUTIFUL ARIZONA SUNSETS FROM BACK PATIO. THIS WILL NOT LAST LONG. SHOW AND SELL!

View Property

3609 E Ludlow Drive Phoenix, AZ 85032

$595,000

3 Beds

2 Baths

1,530 SqFt

Status Active

MLS # 6773988

Property Type Single Family Residence

Price Type --

*Location* Location* Right off the 51 freeway and Thunderbird Rd., this home will not disappoint! Fully remodeled down to the drywall finish this home has endless new features such as low maintenance landscape with new synthetic grass, new flooring throughout, full bathroom remodel, complete kitchen remodel, low energy LED lighting throughout, double pane windows, and new appliances!! Don't hesitate, don't delay, seller is ready to sell!

View Property

1392 E Sierra Madre Avenue Gilbert, AZ 85296

$595,000

4 Beds

2.5 Baths

2,039 SqFt

Status Active

MLS # 6773240

Property Type Single Family Residence

Price Type --

Welcome to this stunning, updated two-story home situated on a prime corner lot directly across from a large community park. Enjoy easy access to a playground, volleyball courts, ramada, and open green spaces—perfect for outdoor activities and relaxing afternoons. This home offers north/south exposure, filling the interior with natural light throughout the day. All bedrooms are located upstairs, providing extra privacy from the main living areas. The kitchen has been fully updated with modern appliances and a reverse osmosis system, making it as functional as it is stylish. The backyard is a true oasis, featuring a large pebble tec pool, ideal for cooling off during hot Arizona summers or hosting weekend gatherings.

View Property

21199 E Domingo Road Queen Creek, AZ 85142

$595,000

4 Beds

3 Baths

2,241 SqFt

Status Active

MLS # 6775346

Property Type Single Family Residence

Price Type --

Welcome to your beautiful home in Nauvoo Station! This stunning 4-bedroom, 3-bathroom home offers a light, bright and open concept layout, perfect for modern living. The spacious great room flows seamlessly into the bright and open kitchen, complete with stainless steal appliances and plenty of storage. The primary suite is a true retreat, featuring a large shower, expansive walk-in closet, and ample space to unwind. A versatile bonus room can be used as a home office, kids playroom or teen hangout space, allowing flexibility to meet your family's needs. Step outside to the entertainer's backyard, where you'll find a sparkling pool, turf, low-maintenance hardscape, a cozy fire pit area, and a built-in gas grill - perfect for gathering with family and friends. Don't miss out on this home!

View Property

4513 Jackpot Road Wickenburg, AZ 85390

New

$595,000

2 Beds

2 Baths

1,818 SqFt

Status Active

MLS # 6777905

Property Type Single Family Residence

Price Type --

Professional Photos coming soon. Discover 4513 Jackpot Rd, a gem in the Trilogy at Wickenburg Ranch! 55+ and Living Resort. Part of the rare and discontinued Maverick Collection, this 2021-built, single-level home offers 1,818 sq ft of modern living with 2 master bedrooms, each with a full bath, plus a guest half bath. The open floor plan includes a versatile den, a stylish kitchen with GE appliances, and a large island with a double basin sink. Enjoy breathtaking views of the Weaver Mountains from the backyard, featuring a built-in BBQ, firepit, and stone patio with a cover. Complete with a 2-car garage, this home is listed at a great price! Don't miss out! Home will be sold unfurnished.

View Property

9632 E Twinkle Circle Mesa, AZ 85212

$595,000

4 Beds

3 Baths

1,944 SqFt

Status Active Under Contract

MLS # 6759320

Property Type Single Family Residence

Price Type --

Welcome to a rare gem in Cadence! This light and bright open floor plan home is not your builder basic property and offers many updates including: premium lot location, private pool, custom built-in outdoor kitchen with gas BBQ and beverage refrigerator, and a gas line stub for your future outdoor fireplace to enjoy under the stars. Other upgrades include the large gourmet kitchen, featuring stainless steel appliances, quartz countertops, a chic backsplash, and elegant pendant lighting over the large island perfect for entertaining. Upgrades continue into the bathrooms, where you'll find quartz countertops and clean white cabinetry and framed mirrors. The large primary suite is a peaceful retreat with a luxurious feel, thanks to the meticulously designed primary bathroom complete with Welcome to a rare gem in Cadence! This light and bright open floor plan home is not your builder basic property and offers many upgrades including: premium lot location, private pool, custom built-in outdoor kitchen with gas BBQ and beverage refrigerator, and a gas line stub for your future outdoor fireplace to enjoy under the stars. Other upgrades include: Neutral wood tile floors flow throughout the home, a large gourmet kitchen, featuring stainless steel appliances, quartz countertops, a chic backsplash, and elegant pendant lighting over the large island, perfect for entertaining. Upgrades continue into the bathrooms, where you'll find quartz countertops and clean white cabinetry and framed mirrors. The home is plumbed for soft water, has overhead garage storage, and a tankless hot water heater. Cadence is known for their 2 pools and waterpark, dog runs and dog wash, fitness center and game rooms, multiple parks and more. Welcome home!

View Property

40937 N Majesty Way Anthem, AZ 85086

$595,000

4 Beds

2.5 Baths

2,469 SqFt

Status Active Under Contract

MLS # 6750370

Property Type Single Family Residence

Price Type --

*VA ASSUMABLE LOAN AT 3%. LEASED SOLAR PAID OFF.* Location is everything! This home is settled in a quiet neighborhood with a trail entrance right next door connecting you to 13 miles of lush desert trails, 2 parks within a 5-minute trail walk, and the K-8 elementary school is just blocks away. Not to mention the one-of-a-kind comraderie and sense of community this neighborhood offers. This spacious ''Tradition'' floor plan is coveted for it's vaulted ceilings throughout the living space, and fluid layout perfect for hosting and family-time. The large kitchen island, pantry, and wall of cabinets creates the ultimate culinary experience. Conveniently located on the main floor, the extra large primary suite has private backyard access and a large walk in closet. Maintaining privacy, the 3 additional bedrooms and full bathroom are located upstairs. With the 3-car garage, overhead garage storage, multiple walk in closets, custom built-in bookcases, storage under the stairs, and an RV-gate, this property provides all the storage a family could need! This property is on a premium lot where you can enjoy the beautifully designed and low-maintenance backyard with synthetic grass, pavers, a large extended covered patio, and a view fence showing off stunning desert scenery and colorful sunsets!

View Property

39515 N Prairie Lane Anthem, AZ 85086

$595,000

5 Beds

3 Baths

2,168 SqFt

Status Active Under Contract

MLS # 6759831

Property Type Single Family Residence

Price Type --

This beautifully updated home boasts an open, inviting, great-room floor plan with 5 bedrooms and 3 full baths, blending modern style with practical living. The main floor offers a spacious primary bedroom and a convenient second bedroom with a full bath, perfect for guests or a home office. High ceilings create an airy feel, while porcelain tile flooring on the main level adds elegance and durability. The home has been thoughtfully updated with newer LED lighting, blinds, and sleek nickel hardware. The kitchen is a chef's dream, featuring maple cabinets, stainless steel GE appliances, a nickel faucet, granite countertops, and a stylish tiled backsplash. Its seamless connection to the great room makes it ideal for family gatherings or entertaining friends [cont]... ...Situated on a private north/south-facing lot, this home enjoys one of the largest yards in the neighborhood. Step outside to your backyard retreat, complete with a covered patio, a heated pool with an in-floor cleaning system, and a resurfaced pool deck (2022). This serene space is perfect for unwinding or hosting memorable summer parties. Anthem is a beautiful community that provides a variety of amenities, including a spacious park, and hosts numerous events for families to enjoy. The neighborhood is filled with plentiful walking trails that are safe and scenic. Anthem is also self-contained, offering grocery stores, medical facilities, and other essential services, so everything your family needs is conveniently close by without the need for long commutes. This home offers comfort, style, and ample space in a community that enhances your quality of life.

View Property

41652 N Hudson Court Anthem, AZ 85086

$595,000

4 Beds

3 Baths

2,120 SqFt

Status Active Under Contract

MLS # 6756781

Property Type Single Family Residence

Price Type --

Discover this beautiful Anthem Parkside residence, perfectly situated at the end of a spacious private cul-de-sac with an expansive yard. Embrace the refreshing blue pool and bask in the abundant Arizona sunshine in your backyard oasis, complete with partial mountain views. NEW A/C! This meticulously maintained home features a warm neutral color palette, large diagonal tile throughout the main living areas, and cozy carpet in the bedrooms for added comfort. The eat-in kitchen, open to the family room, boasts elegant granite countertops, maple cabinets, a pantry, and a center island with a convenient breakfast bar—perfect for family gatherings and entertaining. Retreat to the spacious primary suite, which includes a large walk-in closet and an adjoining spa-like bath featuring a... garden tub, double vanity, and separate shower. This home also offers an additional bedroom and a den, thoughtfully separated to accommodate multi-generational living. Garage is air conditioned. With a low HOA, you'll enjoy fabulous community amenities including a 16-acre catch-and-release lake, thrilling waterslides, a gym, pickleball and tennis courts, soccer fields, basketball and baseball facilities, as well as scenic hiking, walking, and biking trails. Don't miss out on this incredible opportunity to live in a vibrant community that offers so much more!

View Property

7701 E Palm Lane Scottsdale, AZ 85257

$595,000

3 Beds

2 Baths

1,575 SqFt

Status Active Under Contract

MLS # 6767591

Property Type Single Family Residence

Price Type --

Well cared for, a 3 bedroom home with 2baths ,2 car garage ,that is move in ready or ready for you to update to your liking! New AC and water heater in last 24 months, seller even had the sewer pipes sleeved as a preventative measure in the last year. Ample living space inside the home and a beautiful flagstone patio with built in grill and all around new patio covering . Wonderful opportunity in a highly desired Scottsdale subdivision brought to you at a bargain price. You cannot find a better price for a home in this condition with a wood burning fireplace to boot. Shopping within walking distance, and very near Old Town Scottsdale. Walk your dog, ride your bike, or play sports at El Dorado Park across the street. Owner occupied only. See lister for more details

View Property

22033 N Golf Club Drive Sun City West, AZ 85375

$595,000

2 Beds

2.5 Baths

2,656 SqFt

Status Active

MLS # 6766525

Property Type Single Family Residence

Price Type --

Welcome to your dream home in the vibrant, active adult community of Sun City West! Perfectly located near the Palm Ridge Recreation Center and surrounded by multiple golf courses, this beautifully updated home offers the ideal blend of modern comfort and resort-style living. In 2024, the home received significant updates, including sleek granite countertops, most new appliances, and upgraded light and plumbing fixtures throughout. The majority of the home features elegant tile flooring, with plush carpet in the Den and master bedroom for added comfort. The updates also include taller baseboards and fresh interior paint, giving the entire space a crisp, modern feel. As you step inside, you're greeted by a grand entrance, soaring ceilings, and a spacious open floor plan filled with natural light. This clean, bright home offers plenty of room for both entertaining and relaxation. The 2.5-car garage provides ample space for parking and storage, making it ideal for your vehicles and hobbies. The home is situated on a quiet street with minimal traffic, offering peace and privacy. Outside, the fenced lot features an array of mature citrus trees, creating your own private oasis. With its close proximity to the Palm Ridge Recreation Center and numerous nearby golf courses, this home is perfectly positioned for an active, enjoyable lifestyle. Don't miss your chance to own this stunning, move-in-ready home!

View Property