#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

1109 W Georgia Avenue Phoenix, AZ 85013

$595,000

3 Beds

2 Baths

1,532 SqFt

Status Active

MLS # 6751808

Property Type Single Family Residence

Price Type --

REMODELED with Incredible Curb Appeal! NO HOA - RV Gate! No expense was spared on this uptown remodel opnly 3 years ago. Exterior features 3 yeras new on all..new stucco, new artifcial turf, new pavers, new roof, new ac unit, new windows, new garage door, new tankless water heater. As you enter, the living area has been opened up to the kitchen w/ white shaker cabinets, quartz countertops, Bedrosians backsplash, and high end stainless appliances. Off the kitchen is a nice sized laundry room and garage access. Out the back door is a huge covered patio that spans the width of the house. Down the hallway is guest bathroom with tiled shower and a dual vanity for both bedrooms to share. Master features an oversized shower with dual shower heads. Your AZ Uptown living is available to you N

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4344 E Granada Road Phoenix, AZ 85008

$595,000

3 Beds

2.5 Baths

2,108 SqFt

Status Active

MLS # 6754410

Property Type Townhouse

Price Type --

This home is a must see! Well appointed townhouse in gated community in high demand area. Built in 2022 by D.R. Horton. Incredible location, just a 10 minute Uber to Sky Harbor Airport. Easy freeway access and close to everything Arcadia, Biltmore, Tempe, Scottsdale and Downtown Phoenix have to offer. 70 walk score and 89 bike score! This is a spacious home with a large loft. It's the largest model offered in the community at 2108 sq ft, featuring 3 bedrooms, 2.5 bathrooms, office and a loft. Tall 10' ceilings and 8' doors. 2 car private garage. Only 2 doors away from a nice community pool. Makes an excellent ''lock and leave'' house with the gated entrance and low maintenance backyard landscaping (artificial turf and pavers)

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3230 E Woodside Way Gilbert, AZ 85297

$595,000

4 Beds

3 Baths

2,166 SqFt

Status Active

MLS # 6756120

Property Type Single Family Residence

Price Type --

CORNER LOT in beautiful Santan Ranch. This community is full of beautiful parks and walking trails and located just 10 min from Mesa Gateway Airport and only 1.5 miles north of Gilbert Regional Park! This home offers stunning high vaulted ceilings that allow in our beautiful Arizona light! But is also equipt with new sun shades for the windows to keep it cool. Enjoy your open plan, modern living space with new floors and appliances as of 2023. You'll be able to enjoy 3 spacious bedrooms upstairs and a bedroom and full bath on the main floor as well. Your stunning back yard will feel nice and open on the corner lot. This yard has all new landscaping and a new pool pump as of late 2023. Come check this beauty out today! We can't wait to have you!

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514 E Orion Street Tempe, AZ 85283

$595,000

3 Beds

2 Baths

2,032 SqFt

Status Active

MLS # 6767891

Property Type Single Family Residence

Price Type --

Brand New Full remodel! 3-bedroom, 2-bath home in the desirable Tempe area with a private pool! This property features a brand new kitchen with a huge kitchen island that will keep everyone in together, perfect for casual dining or entertaining guests. All of the ceilings have been raised with new flush mount LED ceiling lights, Brand new doors and hardware, Brand New Windows, Brand New bathrooms with New vanities! The additional extension of the back of the house with a corner made of glass keeps you cool while enjoying full view of those in the pool! The outdoor space boasts beautifully updated low water landscaping, providing a serene setting for relaxation by the pool. Keep your cars out of the heat with the two car garage. It also has a very large laundry/craft room. Don't miss out

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5110 W Saddle Mountain Trail San Tan Valley, AZ 85144

$595,000

4 Beds

3 Baths

2,400 SqFt

Status Active Under Contract

MLS # 6697967

Property Type Single Family Residence

Price Type --

Seize a unique business opportunity with this extraordinary round home, tailor-made for hosting yoga retreats and wellness experiences. Nestled between the San Tan and Superstition Mountains, this architectural masterpiece offers over an acre of private land, free from HOA restrictions—ideal for creating a peaceful, exclusive retreat. The wrap-around windows and newly built $30k deck provide breathtaking mountain views, perfect for outdoor yoga sessions and meditation. After a day of wellness activities, guests can unwind in the hot tub beneath a star-filled sky. With a modern kitchen, renovated bathrooms, and ample space for RVs, boats, or even horses, this property offers endless potential for entrepreneurs looking to build a profitable, wellness-focused retreat business. Come Say Yes!

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5422 W Parsons Road Phoenix, AZ 85083

$595,000

4 Beds

3 Baths

2,446 SqFt

Status Active Under Contract

MLS # 6769005

Property Type Single Family Residence

Price Type --

PRICE ADJUSTMENT! This home is minutes to the 17 and 101, near highly rated DV schools and GCC North, and surrounded by walking paths and recreation areas. With 3 bedrooms upstairs and a mother-in-law suite/office downstairs, this appealing home also has abundant storage. Note the soaring ceiling as you enter. Continue to the great room where the beautiful kitchen is the focal point. Appreciate the staggered cabinets with pullouts, tiled backsplash, and newer appliances as you sip your coffee at the breakfast bar. The upstairs pops with color! The huge primary suite has 2 walk-in closets, separate tub and shower, and is nicely separated from the other bedrooms by the upstairs laundry. Low-maintenance backyard has a spa and ramada, and room for a pool.

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5333 W Farmhand Drive Laveen, AZ 85339

$595,000

4 Beds

3.5 Baths

2,822 SqFt

Status Active

MLS # 6752164

Property Type Single Family Residence

Price Type --

This stunning Taylor Morrison Pinnacle model is just 2 years old and is move in ready for you now-no need to wait for a new build! With 2822 sq ft, 4 bedrooms, and 3.5 baths, this open floor plan home boasts luxury vinyl plank flooring in French oak pearl, a gourmet kitchen with upgraded cabinets, backsplash, Cafe appliances, and a spacious loft/den for additional living space. Enjoy features like a super shower in the primary bath ,a 220V outlet in garage AND an additional Tesla charging port, and smart home technology. The finished backyard with artificial turf, pavers, fairy lights and gorgeous mountain views add a touch of magic for your evenings.

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1540 W Straford Avenue Gilbert, AZ 85233

$595,000

4 Beds

2.5 Baths

2,518 SqFt

Status Active Under Contract

MLS # 6718578

Property Type Single Family Residence

Price Type --

Step into this fantastic single-level home, ideally positioned next to a serene community greenbelt and nestled at the end of a cul-de-sac. Expanding across four spacious bedrooms, with an additional area flexibly designed to serve as a game room, fifth bedroom, or your dream home office, this home suits all your needs. Freshly painted interior invites you to personalize every corner, making it truly your own. The heart of the home, an open-concept kitchen features a generous island, and an abundance of cabinets it flows seamlessly into the living area complete with a fireplace. Gather in the formal dining room for meals or the eat in kitchen for a less formal option. The primary bedroom is an escape featuring a walk-in closet with great closet organizer and an en-suite that makes unwinding a must with a soaking tub and separate shower. This home offers a huge laundry room with ample storage and sink. Step outside to a backyard built for entertainers: covered patio, built-in barbecue, and just enough grass to tickle your toes. Conveniently located near the community pool, schools, parks, and shopping. Get ready to tick all your boxes here!

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5161 N Scottsdale Road Eloy, AZ 85131

$595,000

3 Beds

3 Baths

2,249 SqFt

Status Active

MLS # 6666215

Property Type Single Family Residence

Price Type --

Ideally located within the Robson Ranch golf course community, this CALABRIA model boasts an upgraded private entrance & courtyard complete w/ a tranquil pond & gas fireplace, a serene space complete w/ a charming guest casita. Integra-Block construction, new A/C unit, 4 ft. garage extension w/ cabinet built-in & ample attic storage. INTERIOR FEATURES: Extended bedroom nooks, plantation shutters, mood lighting, hardwood flooring throughout den, hallways, living room. Gas appliances. EXTERIOR FEATURES: Outdoor kitchen, BBQ, misting system, covered & enclosed patio, hot tub off master, gas firepits, pond w/ footbridge, separate garden enclosure area with grape vines & citrus trees. Owner/agent.

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6812 W Firebird Drive Glendale, AZ 85308

$595,000

4 Beds

3 Baths

2,328 SqFt

Status Active

MLS # 6753607

Property Type Single Family Residence

Price Type --

Welcome to your dream home in the coveted Arrowhead Ranch - Sierra Verde community! This stunning property offers 4 bedrooms + 3 bathrooms, all situated on a desirable corner lot that ensures added privacy. Step inside, you'll be greeted by soaring vaulted ceilings + a well-designed N/S exposure that bathes the home in natural light. Beautiful luxury vinyl flooring throughout (no carpet). The chef's kitchen boasts updated cabinets, ample counter space, + an ideal layout for entertaining guests. The primary bedroom offers high ceilings + a luxurious ensuite bath w/ 2 walk-in closets, separate soaking tub/shower, + dual sinks. The backyard is a private oasis with an extended covered patio, mature trees, and a grassy area. Enjoy lakes, trails, parks, dining, and shopping just steps away!

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4308 N 79th Street Scottsdale, AZ 85251

$595,000

2 Beds

2 Baths

1,565 SqFt

Status Active

MLS # 6735820

Property Type Single Family Residence

Price Type --

Welcome to this charming 2-bedroom, 2-bathroom patio home located in the highly desirable Villa San Marcos Community, only ½ mile from Old Town Scottsdale. Spanning 1,565 square feet, this residence features a wide-open floor plan with RAISED ceilings and two atriums that bathe every room in an abundance of natural light. As you enter, you'll be greeted by an expansive living room that flows seamlessly into the upgraded eat-in kitchen. This culinary space boasts cherry cabinets, a large kitchen island, stainless steel appliances, granite counters, and a casual dining area, perfect for everyday meals and entertaining. The large back patio offers ample space for relaxation, morning coffee and gatherings. Both the primary suite and secondary suite have their own private patios ensuring.. ...ensuring comfort and privacy for all occupants. Recent upgrades include, new roof, new Bosch quiet dishwasher, new disposal and new carpeting in primary. Convenience is further elevated with an included washer and dryer. Situated in the well-maintained Villa San Marcos Community, residents enjoy access to a clubhouse with a heated pool and spa. This property is ideally located 1/2 mile to Old Town Scottsdale, providing easy access to freeways, world class restaurants and shopping, and miles of greenbelt with walking/biking paths. This home truly doesn't disappoint, offering both comfort and convenience in a PRIME LOCATION with the lowest HOA fees in the Old Town area.

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5726 E Jacaranda Street Mesa, AZ 85205

$595,000

4 Beds

3 Baths

2,088 SqFt

Status Active

MLS # 6722402

Property Type Single Family Residence

Price Type --

**SELLER CREDIT OF $10,000 TO BUYER FOR CLOSING COSTS ** Your new home in Alta Mesa Golf Community has NEW exterior paint, NEW FLOORING through out, newly refinished cabinets in kitchen & bathrooms w/ new hardware, newly installed recessed lighting in kitchen & living room. This is a FANTASTIC FLOORPLAN w/ no interior steps. This well maintained 4 Bedroom/3 Bath single level home has a split master and 2 En-suites. You'll love the spacious eat-in kitchen, walk in pantry and vaulted ceilings in living & family rooms. Entertain your guests, or enjoy your morning coffee in the private backyard with mature shade trees & covered patio. The 3-CAR GARAGE, provides plenty of space for cars and toys. All appliances convey. Close to restaurants, shopping, Boeing & Falcon Field and 202 Freeway

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