Instant Reaction: March Housing Starts

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Building a HouseThe following is NAR Chief Economist Lawrence Yun’s reaction to this week’s U.S. Commerce Department report on March residential construction:

“A major housing shortage exists in this country. It is therefore disappointing to witness in March the continued lackluster performance in new home building, which was the second lowest activity over the past six months. Home prices have risen by 41 percent and rents have climbed 17 percent over the past five years at a time when the typical worker wage has grown by only 11 percent. To relieve housing costs, there simply needs to be more homes built.”  

Bottom Line:

It’s a strong seller’s market.  It’s very possible that the perfect home that you finally found has also garnered a lot of interest from other buyers.  A new build is the perfect option.  Visit my New Build Search to find your new home.  Give me a call for additional information – J.P. Cook – 602-320-4253.

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2704 E Fairmount Avenue Phoenix, AZ 85016

$585,000
4 Beds
2 Baths
1,580 SqFt
Status Active
MLS # 6731098
Property Type Single Family Residence
Price Type --
Beautifully upgraded 4-bedroom home in the sought-after Biltmore/Arcadia Lite area! This move-in ready home features a new roof, HVAC, water heater, and stylish Vinyl Lux flooring. The remodeled kitchen and wet bar are perfect for entertaining, with farm doors adding charm. The large lot with no HOA includes a backyard with alley access and a detached garage, ideal for a workshop or potential ADU for rental income or extra space. Minutes from top dining and shopping, this home offers modern living and endless possibilities.

13050 W Running Deer Trail Peoria, AZ 85383

$585,000
2 Beds
2 Baths
1,867 SqFt
Status Active
MLS # 6736595
Property Type Single Family Residence
Price Type --
Over $70,000 in new updates and upgrades in this beautiful Stone elevation 'Libertas' model! This home is MOVE-IN ready! New OWNED SOLAR installed in 2023, New TRANE 5-TON HVAC with FULL home allergy FILTRATION system & Entire home SURGE PROTECTION,2021. Newly renovated kitchen with beautiful refinished staggered cabinets with roll out shelves, ALL NEW GE Cafe SS Appliances, including 6 burner GAS stove with griddle option, DOUBLE OVENS, Microwave, Dishwasher and 4 DOOR/FRENCH DOOR REFRIG. W/ WATER DISP, 2022. Eat-in kitchen with premium Granite Slab counter tops and huge island. Fresh interior paint throughout and new plush carpet in bedrooms, 2023. N/S orientation, PRIVATE backyard with built in gas BBQ, covered patio with surround sound, perfect for outdoor BBQ's with friends. Newer PVC drip system & timer, 2018. Exterior paint, 2020. GARAGE EXTENDED 4' for your golf cart or storage. This home has it ALL! Priced to sell! Maytag Washer & Dryer w/pedestals new 2022! Additional home upgrades include: Newer reverse osmosis, 2021 & water softener. Garbage disposal replaced in 2022. Great room features surround sound w/5 built-in speakers, New dimmer switches and LED recessed lighting upgraded in dining room & hallway. This home is located in award-winning gated, 55+ Trilogy at Vistancia with 5-star-resort style amenities at the 35,000 SF Kiva Club with indoor & outdoor pools, fitness center, day spa, cafe, billiards, meeting rooms, library, tennis courts, pickle ball, bocce ball, events & a plethora of activities to choose from. Outstanding Gary Panks-designed golf course is woven throughout the original part of the neighborhood. The Mita Club has additional outstanding community amenities. Easy access from Trilogy to the 303, shopping, restaurants, entertainment, Lake Pleasant & Paloma Park, Peoria's huge community park loaded with amenities.

22740 N 74th Lane Glendale, AZ 85310

$585,000
4 Beds
2 Baths
2,242 SqFt
Status Active
MLS # 6748677
Property Type Single Family Residence
Price Type --
Situated on a great lot in the community of Hillcrest this 4 bedroom 2 bath home has everything you are looking for. Great curb appeal with new exterior paint in 2021. Step inside to beautiful inlaid tile in neutral colors, large open living room with art niches, vaulted ceilings and bright open windows. Open kitchen with plenty of cabinet and counters space, kitchen island and great spot for a dining table - all over looking the cozy family room. Nice primary bedroom with ensuite bath featuring a step in shower, soaking tub and dual vanities. Beautiful back yard with large covered patio, sparkling pool/spa with rock accents, grassy area, and mature landscaping. New roof in 2017; New heat pump/AC in 2018; New water heater 2023. No neighbors behind you. Low HOA! So much to love!!

12311 W Tigerseye Drive Sun City West, AZ 85375

$585,000
3 Beds
2 Baths
2,157 SqFt
Status Active
MLS # 6752337
Property Type Single Family Residence
Price Type --
Welcome to your Desert Oasis... Pride of ownership is definitely shown in this move in ready 3 bedroom 2 bath home with a retreat style backyard. The home has many updates in the kitchen, living room, formal dining/family room, bathrooms, flooring, Arizona room, pergola with 6 person hot tub, updated pool decking, and painted sidewalks. All major appliances included. Interior window shutters on all front windows and new mini spilt in the Arizona room. Don't miss this one of kind gem! Come see it today!

11410 N 50th Lane Glendale, AZ 85304

$585,000
5 Beds
3 Baths
2,782 SqFt
Status Active
MLS # 6755548
Property Type Single Family Residence
Price Type --
Beautiful Former Model Home...Inviting 5 bedroom, 3 full bathrooms! Real wood plantation shutters, recess lighting, 8 foot doors and closets, 5 inch base boards throughout home. Gorgeous kitchen w/ white cabinets, stainless steel appliances, granite counter top, and an island w/ a breakfast bar. Spacious primary bedroom w/ large walk in closet, double sinks w/ subway tiled walk in shower. Primary bedroom PLUS 2 additional bedrooms and another bath downstairs! Large loft, 2 more bedrooms and a bath upstairs. Energy efficient spray foam insulation keeps electric bills low. Laundry room w/ sink and custom cabinets downstairs. Dreamy backyard showcases a covered patio, pavers, built-in BBQ, a fire pit, & an enticing pool for year-round entertainment! A MUST SEE!!

8575 W Maya Drive Peoria, AZ 85383

$585,000
4 Beds
2 Baths
2,052 SqFt
Status Active
MLS # 6754697
Property Type Single Family Residence
Price Type --
This stunning, move-in ready home is located in the desirable West Wing Mountain community. As you enter the home, you are greeted by a spacious living/dining room. The kitchen and main living space flow into the resort style backyard with artificial turf and a modern swimming pool, complete with a large Baja shelf, full cleaning system, and color laminar water features. With 4 bedrooms and 2 luxurious bathrooms, this home is a MUST SEE! Mountain views and a quiet neighborhood top off this gorgeous home. Very close to K-8 school and multiple community parks.

9731 E Torino Avenue Mesa, AZ 85212

$585,000
3 Beds
2 Baths
1,987 SqFt
Status Active
MLS # 6766264
Property Type Single Family Residence
Price Type --
Gorgeous single level home in the highly sought after Cadence at Gateway community. This upgraded 3 bed + flex room, and 2 bath home has a great open floor plan; ideal for both living and entertaining. Step inside the front door to a flex room, perfect as an office or additional living space, and two additional bedrooms. The flex room has a beautiful barn door and a board and batten wall. Head over to the spacious and open concept living space featuring: the kitchen, dining space, and main living room. The gourmet kitchen has an extended island with quartz counters and pendant lighting with enough seating for at least five people. Stainless steel appliances, soft close cabinets, and pullout shelves in the pantry. The kitchen opens up to the main living room with a custom built entertainment center and extended patio sliding doors. The dining space area is fit for a 6-8 person table. Step outside and relax in the backyard under the covered patio or next to the built in fire pit, custom garden boxes, or built in BBQ station. The primary room easily fits a king sized bed, two night stands, and dresser. It features a large walk in closet and ensuite bathroom. Patio pavers surround the perimeter of the home. Tandem 3-car garage with overhead storage and water softeners. Home is situated with no rear neighbors giving the ultimate feel of privacy. Cadence at Gateway is known for their incredible amenities: community center, game room, grills, resort-style pools and hot tub, tennis/basketball/bocce ball courts, indoor workout center, walking paths, multiple playgrounds, and more. Fantastic location! Minutes from the 24 and close to everyday conveniences such as: restaurants, QT, Target, Safeway, and more.

6233 W Mescal Street Glendale, AZ 85304

$585,000
5 Beds
3 Baths
2,444 SqFt
Status Active
MLS # 6760532
Property Type Single Family Residence
Price Type --
The search is finally over! This delightful residence boasts a 3-car garage and a well-kept front yard. Fall in love with the inviting open layout highlighting vaulted ceilings, a soothing palette, skylights that bathe the space in natural light, and attractive wood-look flooring. You'll also find a cozy family room downstairs, including a warm fireplace for relaxing evenings! The kitchen has granite counters, abundant white shaker cabinets, a stylish tile backsplash, recessed lighting, stainless steel appliances, a handy pantry, and an island with a breakfast bar for casual dining. The main bedroom offers an ensuite with dual sinks and a walk-in closet. The backyard features a covered patio, a firepit with seating areas, and a refreshing pool for endless summer fun. Make this gem yours!

3706 S Cottonwood Drive Tempe, AZ 85282

$585,000
4 Beds
2 Baths
1,669 SqFt
Status Active
MLS # 6768193
Property Type Single Family Residence
Price Type --
Welcome to this beautifully updated 4-bedroom, single-story home with a 2-car garage and no HOA! Recently renovated within the last 5 years, including a new A/C unit, this home features hard floors throughout and an open-concept kitchen with granite countertops. The exterior boasts fresh paint, a low-maintenance yard, and a sparkling PebbleTec diving pool. The spacious covered patio is ideal for entertaining. Conveniently located near shopping, dining, entertainment, the 101/60 freeways, and Ehrhardt Park. This home is the perfect blend of style, comfort, and location!

2550 E North Lane Phoenix, AZ 85028

$585,000
3 Beds
2 Baths
1,507 SqFt
Status Active
MLS # 6766161
Property Type Single Family Residence
Price Type --
Charming single-story home situated on a spacious corner lot in the sought-after 32nd St/Shea (Sheaborhood) area, with no HOA! This home features an open-concept layout, where the living room seamlessly connects to the dining area and kitchen, all adorned with stylish wood-look laminate plank flooring and tile, no carpet throughout. The kitchen boasts white cabinetry, black appliances, ample storage drawers, and generous countertops. Enjoy views of the spacious backyard through the large picture window above the kitchen sink. A conveniently located laundry room is just off the kitchen for easy access. The bright and inviting living room is filled with natural light from a large window with shutters that showcase majestic views of Piestawa Peak and Stoney Mountains. The primary suite includes a sliding glass door leading to the backyard, a walk-in closet, and an ensuite bathroom featuring a charming 1970s sunken tub with natural light streaming in from a long window. Two additional guest bedrooms share a hallway bathroom, which has been updated with a remodeled shower/tub combo and a stylish tile surround. Step outside to the expansive backyard, complete with a large covered patio, vibrant natural grass, and a separate entry to the storage room. There's also a large gate providing alley access. Recent updates include all-new windows in 2018 and a Rheem water heater installed in 2021. This home is the perfect blend of classic charm and modern convenience!

6846 E Grandview Drive Scottsdale, AZ 85254

$585,000
3 Beds
2 Baths
1,229 SqFt
Status Active
MLS # 6770436
Property Type Single Family Residence
Price Type --
Discover the charm of this fantastic 3-bed, 2-bath home minutes away from Kierland and Scottsdale Quarter! Starting with a 2-car garage and a manicured landscape w/natural grass & shade trees. Interior features plantation shutters, neutral paint, vaulted ceilings, and tile flooring w/plush carpet in bedrooms. You'll love the large living & dining room combo, paired with French doors! The kitchen boasts built-in appliances, butcher block counters, subway tile backsplash, two-tone cabinetry, track lighting, a walk-in pantry, and a cozy breakfast nook w/bay window. Enter the main bedroom to find backyard access & a full bathroom for added comfort. Check out the tranquil backyard, offering an extended covered patio & a built-in BBQ! Don't miss this opportunity to own in 85254 with no HOA!

3161 W Frankfurt Drive Chandler, AZ 85226

$585,000
4 Beds
2 Baths
2,024 SqFt
Status Active
MLS # 6760217
Property Type Single Family Residence
Price Type --
This beautiful one-level home exudes charm and comfort with its expansive open floor plan and high ceilings, creating a bright and airy atmosphere throughout. Recently updated with fresh paint inside and out, along with updated carpets. The master suite is a true retreat, featuring a full spa-style bathroom with a soaking tub and walk-in shower—perfect for unwinding. The outdoor living area is equally impressive, boasting a sparkling pool and an extended patio, offering plenty of space for lounging, dining, and entertaining. Whether you're hosting a barbecue or enjoying a quiet evening by the pool, this home provides the perfect blend of indoor and outdoor living. Don't miss your chance to make this exceptional property your own!

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