Builder Confidence Hits 11-Year High

Builder Confidence Hits 11-Year High | Simplifying The Market

In many areas of the country, there are not enough homes for sale to satisfy the number of buyers looking to purchase their dream homes. Experts have long proposed that a ramp-up in new, single-family home construction would be one of the many ways to overcome this inventory shortage.

According to a recent survey conducted by the National Association of Home Builders (NAHB) and Wells Fargo, housing market confidence amongst builders reached an 11-year high last month.

What Does High Confidence Mean for the Housing Market?

In a recent interview, Rob Dietz, Chief Economist and SVP for NAHB, put it this way:

“Higher market confidence will translate into more building and more inventory in 2017. We expect single-family construction to grow 10 percent next year.”

With 2016 marking the best year in real estate sales in over a decade, a 10 percent ramp-up in single-family construction will only aid in making 2017 an even greater year.

According to the latest US Census data, sales of newly constructed homes were up 3.7% over January 2016 as they reached a seasonally adjusted annual rate of 555,000. Dietz went on to comment:

“We can expect further growth in new home sales throughout the year, spurred on by employment gains and a rise in household formations. As the supply of existing homes remains tight, more consumers will turn to new construction.”

Bottom Line

With the weather and the real estate market heating up this spring, there will be a surge of new construction coming to the market soon.  If you’re looking for a new build home, give me a call – J.P. Cook – 602-320-4253.

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9252 E Whitethorn Circle Scottsdale, AZ 85266

$1,299,995
3 Beds
3 Baths
2,699 SqFt
Status Active
MLS # 6775889
Property Type Townhouse
Price Type --
Here's your opportunity to live in the Splendor of The Boulders Resort & Spa Scottsdale. Luxury awaits you with this 2699 sq. ft fully furnished, turn key villa townhome, tucked away on a quiet cul-de-sac with community pool and adjacent to the Boulder Resorts. Whether you're looking for a primary residence, vacation home, or an investment property with exceptional rental income potential, this home delivers on all fronts. This 3 bedroom/3 bath home has vaulted ceilings with charming vegas, open living room with fireplace, large family room with space to accommodate casual entertaining and dining as well. Spacious Primary Suite with large second closet that can be locked as owner storage. Both guest rooms have private bathrooms. Two car garage. Wrap around patios to dine and unwind. A 33,000 sq. ft. luxurious spa, championship golf and exclusive service await in a uniquely dramatic setting - 1,300 acres of the Sonoran Desert foothills with panoramic views of 12-million-year-old boulder formations. Besides 2 championship golf courses, this sprawling resort has plenty of on-site recreational activities such as racquet sports pavilion including 12 newly expanded pickle ball courts and tennis, swimming, hiking and rock climbing, cooking classes, etc.. If that wasn't enough, the stylish restaurants offer captivating views from every turn or relax and enjoy the new main pool.

1328 E Pomelo Grove Lane Phoenix, AZ 85014

$1,299,995
4 Beds
2.5 Baths
2,554 SqFt
Status Active
MLS # 6724512
Property Type Single Family Residence
Price Type --
Constructed in 2022 by Boyer Vertical, this stunning 4 bed/2.5 bath modern home resides in the smart home community of KARMA, located in the coveted Madison Heights neighborhood of North Central Phoenix. Built with sustainability in mind, this home features a tightly sealed envelope, thanks to top quality spray foam insulation and is on the forefront of technology with its SPAN electrical panel, VELUX retractable Skylights, Energy Star rated appliances, a tankless water heater, Nest thermostats, and an EV charger achieving a 50 point HERS certification. Natural light beams throughout the main floor as you are greeted by a sleek and modern kitchen featuring high-end Dacor and Fisher Paykel appliances and a waterfall edge island that serves as a versatile hub for cooking, casual dining, and socializing. The bright and open living and dining room make the perfect retreat to experience seamless indoor-outdoor living through the triple sliding door to your inviting backyard which includes a heated pool with water features and mountain views and a patio perfect for alfresco dining or lounging. Also located on the first floor is a beautiful powder bath and the spacious primary suite, which provides comfort and ease featuring a full-size stackable Samsung washer and dryer, a spacious walk-in closet, and a spa-like primary bath with dual vanities and walk-in shower. Upstairs you will find three additional spacious bedrooms, a modern bathroom with dual vanities and a shower/tub combo, sleek storage cabinets and hookups for a space efficient washer and dryer. This one of a kind home is at the epicenter of some of the best experiences Central Phoenix has to offer. From award winning restaurants, popular hiking trails, shopping, resorts, and more - this home is your opportunity to live sustainably without compromising luxury or an elevated lifestyle.

32853 N Bell Road Queen Creek, AZ 85144

$1,299,990
4 Beds
3 Baths
2,637 SqFt
Status Active Under Contract
MLS # 6781128
Property Type Single Family Residence
Price Type --
Welcome to your dream home, built in 2023 by San Tan Homes. This impressive property spans 2,637 square feet and features a carefully designed layout with 4 bedrooms and 3 bathrooms; sitting on over 2 acres (2 parcels)at the base of the San Tan Mountains. 2 bedrooms are separated with their own shared full bath while the 3rd bedroom is complete with its own bathroom for ultimate privacy and comfort. The open kitchen has plenty of cabinet space and a large island overlooking the spacious family room. The primary suite opens to a beautiful outdoor living space, offering a serene retreat. Dual vanity, a large shower, and a very spacious closet. Outdoor living is a highlight of this home, with multiple inviting spaces including a front courtyard and a full covered patio off the family room The backyard boasts a private pool and a gazebo, perfect for entertaining or relax and unwind. This home has a 4 car garage PLUS a 40x40 dual RV garage/shop with outdoor powder room for convenience. Experience luxurious, easy living in this thoughtfully designed home that truly has it all!

1322 W Indigo Drive Chandler, AZ 85248

$1,299,990
4 Beds
3.5 Baths
3,858 SqFt
Status Active
MLS # 6783151
Property Type Single Family Residence
Price Type --
Beautiful 4-Bedroom Basement Home on Ocotillo Golf Course in Chandler, AZ This immaculate 4-bedroom Plus Den, Bonus Room & Basement, 3.5-bath home is a golfer's dream, with stunning views of Ocotillo Golf Club. Set on a quarter-acre lot with a large covered patio, pool, spa, and view fencing, it's perfect for relaxation and entertaining. Inside, enjoy hardwood floors, travertine, remodeled baths, and an updated kitchen with stainless steel appliances. The split-floor plan includes a bonus room, office, and basement. Located in a top school district, close to Price Corridor, Village Health Spa, and shopping, this well-maintained home combines luxury and convenience in a single-level community. This home has been a one family home! Well cared for ready for you!

7247 N 6th Place Phoenix, AZ 85020

$1,299,950
4 Beds
3 Baths
3,128 SqFt
Status Active
MLS # 6761156
Property Type Single Family Residence
Price Type --
Realize your dream home in the heart of North Central Phoenix, surrounded by multi-million-dollar estates. This perfectly remodeled ranch-style residence, featuring a versatile second story, offers an ideal blend of comfort and functionality, perfect for both work and family life. Sixth Place, south of Orangewood Avenue is in a coveted community and delivers impressive curb appeal in a true neighborhood. Inside, over $200,000 was invested in renovations over the past two years. Upgrades include luxury vinyl plank flooring, high-end carpet, and porcelain tile, a new roof (2023), two new AC units, solar panels, and fresh interior paint. The kitchen windows flood the space with natural light framing the exclusive nook and countertop. Choose the oversized island or move into the dining or large family room with views of the park-like backyard, for meals or fun gatherings. The split primary suite boasts motorized shades, two walk-in closets, and a deluxe bath area. On the opposite side of the home, you'll find three additional bedrooms and two bathrooms. The expansive upstairs room is perfect for entertaining or as a spacious home office, featuring vaulted ceilings, ample storage and dual-pane windows throughout. Enjoy your playful paradise as the expansive backyard showcases a large covered patio, diving pool, lush grass space, and mature shade trees. With easy access to all areas of the Valley, your new home offers the ultimate in convenience and luxury living.

37751 N Linda Drive Cave Creek, AZ 85331

$1,299,900
3 Beds
2 Baths
2,501 SqFt
Status Active
MLS # 6771022
Property Type Single Family Residence
Price Type --
Brand New and Move-In Ready! Nestled into a mountain outcropping, an acre lot with no HOA, this gorgeous, modern home offers stunning, up-close views and intimate privacy. Enjoy nearby hiking at Black Mountain Summit Trail and a convenient commute to local shops and dining. Inside, high ceilings, 8' doors, and designer finishes create a light-filled, open-concept living space. The gourmet kitchen boasts a large granite island with bar seating, premium appliances, and a spacious walk-in pantry, flowing seamlessly into the Great Room with a striking fireplace. The luxurious, split primary suite enjoys incredible views of Black Mountain and access to the outdoor patio, perfect for adding a hydro spa for stargazing. The spa-like bathroom boasts dual vanities, a soaking tub, and a large shower with dual heads. Two additional bedrooms include walk-in closets, and an office, (or 4th bedroom) has access to the courtyard. The home is complete with a 3-car garage, hobby room, and high-end finishes throughout, including designer lighting, custom tile, granite countertops, and premium cabinetry. Built by a trusted custom home team with 30+ years of experience, this home blends luxury, craftsmanship, and a prime, in-town location.

12121 E Remuda Lane Mayer, AZ 86333

$1,299,900
5 Beds
5 Baths
6,693 SqFt
Status Active
MLS # 6746811
Property Type Single Family Residence
Price Type --
Beautiful Home with Magnificent Views in Mayer with no HOA. Plenty of room for cars, toys, and much more on this 3+ acre lot. Downstairs features additional living area including: movie theater room, additional kitchen, 2 bedrooms with a luxurious steam shower in the bathroom. Walk out onto the covered patios for endless views. Home has zoned HVAC with 2 separate zones. Oversized Workshop below. Come take a look at this magnificent home and make it yours.

24809 N Vado Court Rio Verde, AZ 85263

$1,299,900
3 Beds
2.5 Baths
3,170 SqFt
Status Active
MLS # 6777688
Property Type Single Family Residence
Price Type --
Spectacular Views on Amazing lot. This is the Location of locations. The Rodeo Drive of Rio Verde. Sprawling great room with amazing Mountain & Golf Course views. Heightened wood beam ceilings, Ceiling fans, Dining area & breakfast bar, granite counters fire place inside & out. Wrap around patio offers amazing views and several places to relax & enjoy the day. Huge elevated lot offers tons of privacy. Outdoor fireplace with built in BBQ. Garage features storage cabinets & a service door to walled & gated side storage area. Large separated bedrooms, jetted tub and so much more. Don't miss out, this type of property doesn't come along often.

42144 N Mountain Cove Drive Anthem, AZ 85086

$1,299,900
3 Beds
2.5 Baths
3,437 SqFt
Status Active
MLS # 6742477
Property Type Single Family Residence
Price Type --
This incredible property showcases 3,437 square feet of stunningly appointed indoor/outdoor living space and boasts exceptional mountain views! Step inside to discover a newly remodeled kitchen featuring elegant Misterio Gold quartz countertops, conveniently located pot filler, custom coffee bar, and extended island. New soft-close custom cabinetry includes drawer pull-outs, pull-out waste containers, and a pull-out spice rack, all complemented by under and over-cabinet lighting. Top-of-the-line appliances include a Wi-Fi compatible 48'' Wolf Dual Fuel Gas Range, Sub Zero Refrigerator, and Sharp Drawer Microwave. The main living area has crown moldings and takes full advantage of the breathtaking mountain views with expansive windows that frame the landscape and fill the space with natural light. The spacious owner's suite features a beautiful gas fireplace and provides captivating views of Daisy Mountain, creating a serene and private retreat. The freshly remodeled bathroom showcases new Kohler illuminated mirrors, Misterio Gold quartz countertops, new Delta Brizo fixtures, added custom linen cabinet, new custom shower interior with dual shower heads, and a new luxurious tub with a Misterio Gold quartz waterfall surround. Owner's suite includes two spacious walk-in closets. The outdoor space is an entertainer's dream with NEW artificial turf, a heated pool and spa featuring in-floor cleaning and Wi-Fi connectivity, an outdoor ramada with gas fireplace, a spacious covered patio, and putting green. Pavers have been extended down the side yard for added charm and functionality. ALL new Energy Star Certified Marvin windows with fiberglass frames and full HVAC replacement in 2018 with programmable Wi-Fi thermostats. Plantation shutters and honed Travertine throughout --no carpet. This home has been meticulously cared for, ensuring every detail is in pristine condition. Remodeled laundry room features new shaker-style cabinetry with under-cabinet lighting and granite countertops with backsplash. Extended-length garage includes insulated doors and new garage door openers with Wi-Fi connectivity, fresh epoxy flooring, and an added side door for convenience. Anthem Golf and Country Club is a guard-gated community offering two private 18-hole golf courses, two clubhouses with restaurants and fitness centers, resort-style pools, tennis and pickleball courts, and numerous classes/clubs available.

20554 W Pasadena Avenue Buckeye, AZ 85396

$1,299,900
3 Beds
3.5 Baths
3,341 SqFt
Status Active
MLS # 6756062
Property Type Single Family Residence
Price Type --
Stunning Serendipity by David Weekley home is situatted on corner lot facing Georgia Park in Victory at Verrado has 3 bed, 3.5 bath, den, & hobby room (set up as a gym), features a courtyard at front door with a fountain. Outdoor living abounds with a large covered north-facing rear patio, full-size pool w/ baja shelf, hot tub/spa, gas fire pit, & kitchen/bbq/bar area w/pergola. Inside, the home is equipped with so many options/upgrades/updates, including gourmet kitchen appliances, plantation shutters, upscale ceiling fans, RO system, & full house audio video by Control4. Engineered wood floors run throughout the home, with wood-look tile in the bathrooms. The home also features a spaciuos 2.5-car garage featuring an epoxy floor. Hurry, this will not last long!

1920 E Schooner Court Gilbert, AZ 85234

$1,299,900
4 Beds
3 Baths
3,542 SqFt
Status Active
MLS # 6708481
Property Type Single Family Residence
Price Type --
Welcome to your dream home in the exclusive gated community of The Regatta at Val Vista Lakes. This custom residence, masterfully redesigned by award-winning designer Steve Price of Beautiful Space Co., offers over $400,000 in luxurious modern upgrades. Be greeted by soaring vaulted ceilings + an open great room concept. Engineered wood floors span the downstairs Massive central kitchen with a 13' quartz island, high end stainless steel appliances, GE Monogram refrigerator + freezer, gas cook-top, double convection ovens, + abundant cabinetry. The inviting great room features a custom built-in wall unit with an electric fireplace. Office with amazing waterfront views off the entry, + patio access. Main floor primary suite is comple expansive en suite with a soaker tub and unique water feature, and a generous walk-in closet. The upstairs entertainment area is perfect for guests or family, including a built-in TV, bar, bathroom, and bedroom, making it ideal for a mother-in-law suite, guest suite, or kids' play area. The private backyard is a paradise where you can relax in the oversized spa that doubles as a cocktail pool. The side patio offers stunning views of the lake, accessible from the kitchen, den, and living room. Enjoy a front entrance portico and ample room to relax in the shade. The spacious private driveway leads to a 3-car secluded garage, perfect for all your storage needs. Val Vista Lakes Clubhouse offers country club living with a heated Olympic-size pool, beach pool, spa, sand volleyball, tennis, racquetball, pickleball, fishing, cardio & weight room, classes, fire pits, and more. Conveniently close to Dana Park shopping complex and top notch restaurants, including recently announced The Vig, Heritage District in Downtown Gilbert, San Tan Mall, and the 60 freeway access. Discover the unparalleled beauty and luxury of this remarkable home. Come see today and experience the best of Val Vista Lakes living!

2131 Golf Links Drive Prescott, AZ 86301

$1,299,900
5 Beds
5 Baths
3,850 SqFt
Status Active Under Contract
MLS # 6714951
Property Type Single Family Residence
Price Type --
WATER -200ft ''Lakefront'' property!! Overlooking the 3rd Fairway Lake of the of Antelope Hills Golf Course with panoramic mountains, this custom contemporary has views from every room. One level living: spacious Master w/Fireplace, Great room w/Fireplace, 2nd Living/Dining room, Chef's Kitchen, Office (3rd bed) 1/2 bath, Laundry with flex space, 3/4 Bath plus a 3 car garage & Wine Cellar! The kitchen includes a 6 burner gas range, wall oven, granite counters, prep sink & huge island. Additional living and dining space includes a grand double door entrance with 25' Soaring Ceilings and a wet bar with (2) 3 panel sliders accessing the covered patio. The upper level has a 2nd Master, 2 more bedrooms w/private patios. New Exterior paint and many updates -see docs tab. A gem like no other!

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