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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10345 E Sahuaro Drive Scottsdale, AZ 85260

$1,099,000
4 Beds
2.5 Baths
2,860 SqFt
Status Active Under Contract
MLS # 6775643
Property Type Single Family Residence
Price Type --
Welcome to your dream home in the desirable Bent Tree community of Central Scottsdale. This beautifully remodeled 4-bedroom, 2.5-bath residence features a 3-car garage, pool and a meticulously landscaped lot, all with no HOA. Step inside to discover a light-filled interior with soaring vaulted ceilings and brand-new Milgard high-performance black-framed windows, creating an inviting and modern atmosphere. Every detail of this exquisite remodel has been thoughtfully designed, ensuring a luxurious living experience. The chef's kitchen is a culinary delight, showcasing a Thermador induction cooktop, double ovens, sleek white cabinetry, and elegant Caesarstone countertops. It's the perfect space for entertaining or enjoying family meals. Outside, a charming updated storage building with .. electricity and lighting offers endless possibilities. Transform it into a gym, art studio, or craft space to suit your hobbies. Whether you're hosting gatherings, celebrating special occasions, or simply unwinding, this home provides ample indoor and outdoor spaces. Enjoy the formal living and dining areas, a large family room, and an extended covered patio with outdoor fireplace for alfresco entertaining. If you're looking for an ideal combination of location, lifestyle, and value, your search ends here. Don't miss the chance to make this stunning home your own!

1545 E Myrna Lane Tempe, AZ 85284

$1,099,000
5 Beds
3 Baths
3,382 SqFt
Status Active Under Contract
MLS # 6777945
Property Type Single Family Residence
Price Type --

10328 W Avenida Del Sol -- Peoria, AZ 85383

$1,099,000
3 Beds
2.5 Baths
3,842 SqFt
Status Active
MLS # 6652572
Property Type Single Family Residence
Price Type --
2 Homes situated on over an acre of Horse Property. Large 4-bedroom 2.5 bath home with covered patios in the font & back of the home. Fire Sprinkler's throughout the home, Security Camera's, Water Softener, 74 Solar Panels, 2 A/C in Main House, 2 Hot Water Heaters in Main House, 3 Car Garage, RV Parking with Gate, Shared Well, 2 Septic Tanks, Chicken Coop, and 2 sheds. Guest home is 2-bedroom 1.5 bath appx 1142 sq ft. Great opportunity for Remodelers, Flippers, or Do it Your Selver's.

12814 E Dream Acres Lane Parks, AZ 86018

$1,099,000
3 Beds
2 Baths
2,204 SqFt
Status Active
MLS # 6706073
Property Type Single Family Residence
Price Type --
10 ACRE-LOG CABIN RETREAT PRIVATE BACKS TO NAT'l FOREST! It is a 1 of a kind location w/front porch views of the Valley & Snowbowl while surrounded by forest in the back yard. Stunning 3 bed, 2 bath, and a loft bedroom. Expansive kitchen w/Dining room, Laundry/mud room, vaulted tongue-in-groove ceilings w/milled beams, wrap around deck w/3 covered porches, horse/animal property, No HOA/CCNRs, Detached 2 car garage, fenced gated acre around cabin. PERFECT HOME/INVESTMENT

35618 N 142nd Place Scottsdale, AZ 85262

$1,099,000
3 Beds
2 Baths
2,879 SqFt
Status Active
MLS # 6713498
Property Type Single Family Residence
Price Type --
ULTIMATE IN SECLUSION & PRIVACY! NEAR TONTO NATIONAL FOREST! 3+ ACRE RANCH OFFERING SENSATIONAL SWEEPING MT. VIEWS & MAGNIFICENT SONORAN DESERT BEAUTY!TUCKED IN AMONG ROLLING HILLS TOWERING SAGUAROS & DISTANT SUN KISSED MT'S.! THE CENTERPIECE OF THE RANCH IS THE CUSTOM-BUILT HACIENDA STYLE HM W/ ITS ROMANTIC COURTYARD,IRON/GLASS FRONT DOOR,EXTENDED COVERED PATIOS, & VIEW DECK CAPTURING BREATHTAKING SUNRISES & SUNSETS.THIS QUALITY BLT. CUSTOM HOME OVERLOOKS THE GROOMED & MANICURED 3 RAIL FENCED HORSE PROPERTY,2 STALL MARE MOTEL,2 TACK/HAY STORAGE RMS, AUTO WATERS, LIGHTS,TURNOUT,ROUND PEN.PLENTY OF ROOM TO EXPAND!GREAT RM. PLAN,NEW KIVA FP,WALL OF GLASS WINDOWS, SPACIOUS KITCH.,SOLID HICKORY CABINETS & ISLAND,RAINFALL GLASS DOOR PANTRY,APPROVED W/EPCOR WATER, TRANSFERRABLE TO NEW OWNER. GRANITE CTR TOPS, COFFERED CEILINGS,BLT-IN SOUND,SOLID ALDER WOOD DOORS,MASTR SUITE W/FIREPLACE,SOAKING TUB,WALK IN SHOWER,WALK IN CLOSET TO DIE FOR,OVERSIZED 3 CAR GAR.,NEWER EXTERIOR PAINT. NEWER FOAM ROOF, 1 NEW A/C. HOME AND PROPERTY ARE METICULOUSLY MAINTAINED. NEW WATER PROVISION AGREEMENT SIGNED WITH EPCOR, AND IS TRANSFERRABLE TO NEW OWNER! Please visit their website for more information.

4336 N Colt Road Apache Junction, AZ 85119

$1,099,000
3 Beds
3 Baths
2,310 SqFt
Status Active
MLS # 6756760
Property Type Single Family Residence
Price Type --
Nestled on 1.25 acres of picturesque desert land this property is a hidden gem. Over 2300 sq.ft. consisting of 3 bedrooms, 3 baths and spacious office. The main attraction begins when you step outside...the oversize patio and pergola lead to an amazing outdoor living space. Complete with fireplace, dining and cooking area. The expansive 1700 sq.ft. air conditioned garage/workshop is a dream come true for the car enthusiast. Separate office, mezzanine and lift makes this the perfect man cave. The spacious kitchen is a chefs delight, featuring generous counter space and all appliances. The master suite is your personal retreat with private exit that opens to the outdoors...a perfect spot to escape, unwind, and enjoy the tranquility of your surroundings. The detached she shed is ideal for artist/crafter studio. This special property offers a blend of peacefulness and practicality. Don't miss previewing this exceptional home.

8731 E Columbus Avenue Scottsdale, AZ 85251

$1,099,000
6 Beds
3 Baths
2,852 SqFt
Status Active
MLS # 6756747
Property Type Single Family Residence
Price Type --
REDUCED for quick sale! Fully Remodeled 6 bedroom home that shows like model near Old Town Scottsdale, a perfect investment property. 6 bedrooms, open layout, heated pool resort yard w/putting green & fire pit. 12' accordion folding glass door connects the kitchen to large covered patio, with festive string lighting, couch and table seating, BBQ, heated pool, TV, green turf, pavers. White bright kitchen overlooks pool and features granite sit-up island, stainless steel appliances. Solar provides energy efficiency. Renovated in 2023 with wood-look tile floors throughout, smooth walls, updated hardware, lighting fixtures & contemporary easy to maintain furnishings, wall mount TVs and sleeping quarters that provide five-star reviews. Sleeps 16. Upcoming rental income conveys. Near Old Town Scottsdale a few minutes from the 101 Loop for quick access to everything in the Phoenix Valley. Minutes to Scottsdale's top evening entertainment, ASU, Golf, Casino and music venues, Kierland/Scottsdale Quarter, Princess TPC Open, West World Equestrian events and the Collector Car Auctions, and the new Ritz-Carlton Paradise Valley and Scottsdale Palmeraie, expected to be one of the top shopping, dining and entertainment districts in North America. See video walk-thru. Rent rolls/financials available upon request

4222 E Brown Road Unit 31 Mesa, AZ 85205

$1,099,000
3 Beds
2.5 Baths
2,973 SqFt
Status Active
MLS # 6775557
Property Type Single Family Residence
Price Type --
Discover this stunning custom-built home, crafted in 1990, located in the quiet, gated community of Villa Sendero. Spanning 2,973 sq ft home on a sprawling 36,974 sq ft lot, this unique property boasts 3 bedrooms, 2.5 bathrooms, a bonus room, office, formal dining room, and a 3-car split garage.The heart of the home is the amazing kitchen, featuring granite countertops, gas stove, and original travertine tile, perfect for both everyday living and entertaining. The expansive main suite is a true retreat offering a large walk-in closet, jetted tub, and a spacious walk-in shower in the luxurious master bathroom. Outside, the backyard is an oasis in the making, featuring a sparkling pool, garden beds, and mature citrus trees, including orange, grapefruit, and lemon. While the space offers incredible potential, it will require some landscaping work to bring it back to its full glory. For buyers with a vision, it's the perfect opportunity to create a personalized outdoor paradise. With a durable concrete tile roof and nearby amenities such as Alta Mesa Golf Club, Desert Trails Bike Park, and Las Sendas Golf Club just minutes away, this home perfectly blends comfort and convenience. For those looking to add their own personal touch, this property presents a fantastic opportunity to remodel and truly make it their own. Don't miss the chance to transform this one-of-a-kind desert gem in a prime gated community!

10540 N 78th Place Scottsdale, AZ 85258

$1,099,000
4 Beds
2.5 Baths
2,682 SqFt
Status Active
MLS # 6768789
Property Type Single Family Residence
Price Type --
What a location!!! La Cuesta is an in demand Scottsdale location situated between Gainey Ranch, McCormick Ranch, and Starfire golf club. With all the access to upscale shopping, dining, and world class golf. Step into this gorgeous home and be wowed by the Vaulted solid wood tongue & groove ceilings. Seller recently brought the outdated sunken Living Room floor up and replaced all of the flooring throughout. The floor plan is the perfect amount of open, with formal dining area, cozy family room with beehive fireplace, kitchen with all stainless steel appliances, granite counter, and new tile backsplash. The Primary Suite has a Beehive Fireplace for cozying up on chilly mornings or unwinding in the evening. The primary suite also features updated flooring, a beautifully renovated shower, a walk-in closet, and a seperate entry to the backyard. But the real showstopper is the backyard! The newly renovated diving pool and spa, complete with a freshly coated deck and sparkling new tile, are calling you to make this beautiful Scottsdale home yours.

3310 Ten Bears Circle Wickenburg, AZ 85390

$1,099,000
2 Beds
2.5 Baths
2,199 SqFt
Status Active
MLS # 6772649
Property Type Single Family Residence
Price Type --
Breathtaking Mountain Views! Nestled in one of the highest areas of the sought-after Caballero neighborhood, this Shea built 2-bedroom, 2-bath home boasts 2,120 sq. ft. of thoughtfully designed living space. With stunning views of the Weaver and Bradshaw Mountains, enjoy expansive sliding glass walls that seamlessly blend indoor and outdoor living. The primary suite offers a private patio and an indulgent custom spa bath. Relax in your travertine-surrounded, heated pool and elevated spa, fire-pit all overlooking serene desert vistas. This home features a cozy fireplace in the den/media room, an alkaline drinking water system, and backs to common space with an HOA-maintained landscape and walking path. Experience elevated living with privacy, luxury, and unbeatable views at every turn! Stunning Mountain Retreat with Unmatched Views Perched in one of the highest points of the coveted Caballero neighborhood, this Shea-built 2-bedroom, 2-bath home offers 2,120 sq. ft. of exceptional design and luxurious living. Boasting breathtaking views of the Weaver and Bradshaw Mountains, the home features expansive sliding glass walls that create a seamless indoor-outdoor connection. The primary suite is a private retreat with its own patio and a custom spa bath designed for ultimate relaxation. Outside, a heated travertine-surrounded pool, elevated spa, and fire-pit provide the perfect setting to take in the serene desert vistas. Additional highlights include a cozy fireplace in the den/media room, an alkaline drinking water system, and a backyard that backs to HOA-maintained common space with lush landscaping and a walking path. This home offers privacy, luxury, and stunning views, making it the perfect desert escape.

8107 E San Miguel Avenue Scottsdale, AZ 85250

$1,099,000 - 3Br/2Ba -  for Sale in Park Scottsdale 12, Scottsdale
Open House
$1,099,000
3 Beds
2 Baths
2,146 SqFt
Status Active
MLS # 6781365
Property Type Single Family Residence
Price Type --
NOW PRICED TO SELL. Stunning Home on Corner Cul-De-Sac Lot. Everything Is Brand NEW. Over 200K in UPGRADES. Factory Brand New Bespoke Appliances , New AC, New Black Roof, Upstairs Primary Bedroom Features Gourmet STEAM Shower and Walk-In Closet. HUGE Backyard with Amazing Pool and RV Parking. New High End Plank Flooring. Glass Garage and Front Door. Every Pipe Replaced with New Plumbing Vent Stack and Sewer Line Replacement. Any of the BRAND NEW Furniture Can Be Included. Roof Plumbing and Appliances All Under Original Warranty, Soft Water Loop. Too Many UPGRADES to List. Come See. The HVAC system has also been upgraded with a new air conditioner/heat pump and all new ducts. Smooth texture drywall throughout adds to the modern aesthetic. Ask Your Agent For List of Improvements!

25819 S 227th Way Queen Creek, AZ 85142

$1,098,989
4 Beds
3.5 Baths
3,564 SqFt
Status Active
MLS # 6746370
Property Type Single Family Residence
Price Type --
**Location, location, location!** This luxurious property is a rare gem, ideally situated across the street from extraordinary amenities, including a serene lake, charming Ramada, refreshing pool, vibrant splash pad, and expansive playground. The views are absolutely breathtaking! This home is truly one-of-a-kind, offering elegance and sophistication that rivals even the most exclusive properties. Appointed with some of the finest finishes available, this residence features an exceptional layout that includes a stunning hidden pantry and a primary suite closet that is an organizer's dream. Step inside to experience an exquisite open floor plan that flows seamlessly throughout with 4 bedrooms, 3.5 bathrooms, & a bonus flex room making it the perfect home for both living and entertaining! The kitchen is a chef's paradise, boasting an etched marble backsplash, complementary two-tone cabinets, and a magnificent 12-foot island - a family gathering oasis. Illuminated cabinet toppers highlight the elegant lighting and a generous gas stove, while the cabinet lighting in the bathrooms adds a touch of luxury and functionality. The divine split floor plan ensures ultimate privacy and convenience for both families and guests. The spacious master suite offers a sumptuous bathroom with a luxurious shower and spectacular views from the windows. Every bedroom boasts its own en-suite bathroom, providing unparalleled comfort and convenience. Entirely designed for ease and beauty, the home features real wood flooring that is both soft underfoot and easy to maintain. The incredible storage solutions, with numerous cupboards and closets, make organizing effortless. Bask in the serene backyard, complete with a cozy gas fireplace and a pergola, perfect for outdoor entertaining. The wall slide door seamlessly extends the great room into the backyard, creating a unique indoor-outdoor living space that enhances the home's inviting ambiance. The neighborhood itself is a delightful mix of friendly energy and privacy, with unobstructed sky views and no two-story homes nearby. The front and backyards are turnkey and low-maintenance, designed with pavers and beautiful grass, with room left for future customization like adding a pool. Don't just take our word for it - this exquisite home needs to be experienced in person to truly appreciate its luxury and charm. Check the documents section of the MLS for a comprehensive list of upgrades, and the things our sellers will miss the most about this exceptional property. Don't miss out on this unparalleled opportunity!

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