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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Search for Your New Home

16233 W Mohave Street Goodyear, AZ 85338

$580,000
4 Beds
2.5 Baths
3,064 SqFt
Status Active
MLS # 6703699
Property Type Single Family Residence
Price Type --
So Fresh and So Clean! 4bd/2.5ba/3car. This home sits on a 9600 sqft lot, backing south, and adjacent to a wash so no neighbors to the West. Custom configured by the owners, the features list includes utility bill saving solar panels! Kitchen has custom pullout drawers in EVERY cabinet, Hood with 36' gas cooktop, double oven and granite countertops. The great room and kitchen/dining flow seamlessly into one another for an open concept. Off the entry the formal dining has been converted into an office/flex room. All tile flooring was laid with a unique 70/30% pattern. Primary bedroom is massive measuring at 17.9'x16.9'. Upgrades in the last 3 years include all new landscape irrigation with pvc pipe, both AC units, exterior paint. Nothing left to do but buy it and move right in!!!

1618 W Maplewood Street Chandler, AZ 85286

$580,000 - 3Br/2Ba -  for Sale in Pecos Ranch Unit Two Replat, Chandler
Open House
$580,000
3 Beds
2 Baths
1,647 SqFt
Status Active
MLS # 6760343
Property Type Single Family Residence
Price Type --
Location, Location, Location! Nestled in the prestigious Pecos Ranch in the heart of Chandler, near the Price Corridor and its high-tech companies, this expansive waterfront lot is perfectly situated right by a community park, offering stunning views and direct lake access—ideal for all your favorite water sports and leisure activities. This breathtaking single-level home has been recently remodeled, boasting luxury Vinyl flooring, freshly painted neutral walls, modern quartz kitchen countertops, and contemporary lighting fixtures throughout. French doors in the family room and large windows in the kitchen frame the serene lake views, creating a tranquil living environment. The master bedroom features an en-suite bathroom with direct access to the backyard, perfect for enjoying the peaceful outdoors. With proximity to major freeways like the 101, 202, 60, and I-10, this home offers unparalleled access to Chandler's best schools, top-rated hospitals, and main shopping destinations, including Costco and Chandler Fashion Center. Discover the ease of urban living in a suburban paradise.

3956 E Constitution Drive Gilbert, AZ 85296

$579,999
3 Beds
2 Baths
1,954 SqFt
Status Active
MLS # 6725786
Property Type Single Family Residence
Price Type --
Welcome to Segretto- The private and quiet community nestled in the heart of Gilbert- just minutes from the Agritopia Epicenter (home of some of the best dining in Gilbert), San Tan Marketplace and just a mile from the 202 freeway entrance! This adorable home features a bright and open floorplan with an oversized living room perfect for gatherings and entertaining! The gorgeous kitchen features white shaker cabinets, trendy backsplash, stainless steel appliances and a large kitchen island and breakfast bar. All fixtures throughout have been upgraded and updated including toilets, faucets and light fixtures. Don't forget the tankless water heater. This home backs to county island homes for ultimate privacy. Backyard beautifully landscaped with grass and a spacious covered patio!

780 E Kapasi Lane San Tan Valley, AZ 85140

$579,999
5 Beds
4 Baths
4,141 SqFt
Status Active
MLS # 6753650
Property Type Single Family Residence
Price Type --
LOW INTEREST RATE PROGRAM AVAILABLE! The space here has been maximally utilized with not only 5 bedrooms but a loft, bonus room, 2 living rooms, a dining room, 3-car garage, split primaries (separate downstairs with a full bathroom), and all walk-in closets. The open floor plan flows seamlessly into the kitchen: a chef's dream. Granite counters that elegantly contrast the wood cabinets, double ovens, breakfast bar, complete with an oversized walk-in pantry. Interior has been recently painted white. Spend evenings in the low-maintenance, backyard relaxing under the pergola. Within walking distance you'll find the community park (reach out for neighborhood amenities). Close to HWY 24, great schools, shopping, dining, groceries, gas, etc.

17605 W Blue Sky Drive Surprise, AZ 85387

$579,995
4 Beds
3.5 Baths
2,840 SqFt
Status Active
MLS # 6772324
Property Type Single Family Residence
Price Type --
This stunning 2,840 sq. ft. Darius floorplan is a single-level home offers luxurious living with 10-ft ceilings, an open-concept floor plan, and a separate guest suite. The gourmet kitchen features quartz countertops, high-end finishes, and a spacious island—perfect for entertaining. With a 3-car garage, neutral color palette, and November completion.

17617 W Blue Sky Drive Surprise, AZ 85387

$579,995
4 Beds
3.5 Baths
2,840 SqFt
Status Active
MLS # 6772341
Property Type Single Family Residence
Price Type --
This spacious 2,840 sq. ft. single-level ''Darius'' floorplan offers a perfect blend of luxury and comfort. With 10-ft ceilings, a 3-car garage, and a separate guest suite, there's room for everyone to feel at home. The gourmet kitchen features gas appliances, upgraded cabinets, quartz countertops, and a walk-in pantry—a chef's dream! The primary bath boasts a large drop-in tub, perfect for relaxing. Set for November completion, this home's neutral palette provides the perfect backdrop for your personal style.

29605 N 51st Street Cave Creek, AZ 85331

$579,995
3 Beds
2 Baths
1,697 SqFt
Status Active Under Contract
MLS # 6767982
Property Type Single Family Residence
Price Type --
Opportunity knocks! Here is your chance to own a move in ready home in the Tatum Ranch community of Cave Creek. This is a must see! The minute you walk through the door, you will be captivated and feel right at home! The kitchen will make your heart happy, updated cabinets and quartz counter tops. Tasteful colors throughout, new laminate and carpeting in the bedrooms, a split floor plan that is perfect for a family or guests. Enjoy the outdoors under a covered patio, backyard features mature landscaping and room to create your own oasis! This home is impeccable and is ready for you!

3028 E Friess Drive Phoenix, AZ 85032

$579,995
3 Beds
2.5 Baths
2,032 SqFt
Status Active
MLS # 6755440
Property Type Single Family Residence
Price Type --
-HOA- GREAT LOCATION. This home is located in a highly desirable neighborhood that offers numerous amenities for its residents. 3 bedrooms 2 &1/2 baths and a loft that opens to a balcony with views of a spacious yard and pebble tec pool. The North/South exposure provides ample natural light, and the home boasts a large family room with a fireplace, separate living and dining areas, and a kitchen with big windows and NEW appliances! The balcony has recently been updated with a new coating. The backyard is perfect for play, with a grass area, covered patio, and a beautiful pebble tec pool. Conveniently located near the 51 and 101 freeways, this home has NO HOA and is a short walk from the highly acclaimed Great Hearts Public Charter School K-12.

20095 W San Juan Avenue Litchfield Park, AZ 85340

$579,990
4 Beds
3 Baths
2,561 SqFt
Status Active
MLS # 6775719
Property Type Single Family Residence
Price Type --
It's the stunning Cinnabar with 4 bedrooms + study, dining room, 3 full baths and 3 car garage. 8' gate for easy access to the backyard. Multi slide door that leads out the covered patio. Stainless steel gas appliances with 36'' cooktop, wall oven and canopy hood. Sonoma Maple Slate (Gray) cabinets with 42'' kitchen uppers, pull out trash drawer. Himalaya white granite countertops in the kitchen and at the enhanced kitchen island. Stainless steel single bowl undermount sink. Upgrade flooring includes EMS Baccarate 12x24 Astra tile in all areas of the home except bedrooms and closets. Dual sinks at bath 2. Soft water loop, garage service door, 8' tall garage door with two controls. Estimated completion Dec/Jan.

20233 W Catalina Drive Buckeye, AZ 85396

$579,990
4 Beds
2.5 Baths
2,224 SqFt
Status Active
MLS # 6655189
Property Type Single Family Residence
Price Type --
QUICK MOVE-IN!!! It's the stunning Crimson 3 bedrooms + flex space to use as you wish, 2.5 baths and a 3 car tandem garage. Large walk-in shower at owner's bath, Multi slide door that leads out to the extended covered patio which is perfect for entertaining. Pavers at drive, walk and entry. Stainless steel gas double oven with a 36'' cooktop and canopy hood. 42'' kitchen upper Espresso cabinets and Himalaya white granite countertops in kitchen and at the enhanced kitchen island. Upgrade flooring includes EMS Baccarat 12x24 tile in all areas of the home except bedrooms/closets. 5'' baseboards and door casing throughout. Dual sinks at bath 2. Stub out for future BBQ, garage service door, 8' tall garage doors, pre-plumb for soft water and so much more.

17041 W Jenan Drive Surprise, AZ 85378

$579,990
4 Beds
2.5 Baths
3,067 SqFt
Status Active
MLS # 6727746
Property Type Single Family Residence
Price Type --
MLS#6727746 Welcome home to the 45-RM4 in Paradisi Almeria! A beautiful 2-story floor plan that features 4 bedrooms, 2.5 baths, 3-car garage, flex room, a loft, and 3,067 square feet of living space. Upon entering the home from the porch, the foyer will take you to the flex room - perfect for a quiet office. As you continue through the foyer, you'll be taken to the open-concept kitchen, casual dining, and gathering room that seamlessly connect. You can be sure you'll never miss your favorite show or the big game while cooking up your favorite meals in the spacious kitchen. Washer, dryer and Fridge included.

22685 E Saddle Way Queen Creek, AZ 85142

$579,990
3 Beds
2.5 Baths
2,506 SqFt
Status Active
MLS # 6740903
Property Type Single Family Residence
Price Type --
**This is a TO-BE-BUILT LISTING, this home is ready for personalization and can be built on your choice of homesite. This is an advertisement of our base price for this elevation and lot premiums may apply** Welcome to Ashton Woods newest community in Queen Creek - Madera Marquis - which features outstanding community amenities and convenient access to the 24 freeway and shopping. The open concept Topaz plan is highly sought after and is the decorated model floorplan with 3 bedrooms and 2.5 baths. Options for structural upgrades include adding a butler's pantry, teen room, 12'' sliding glass door and so much more. This home includes an open concept kitchen with granite countertops, 42'' upper cabinets, and stainless steel appliances . Amazing spa like primary suite with dual vanities, ample linen storage and separate tub and shower. This floorplan is accompanied by an oversized den and sizable secondary bedrooms. This home comes standard with 10' ceilings, front yard landscaping, paver driveway, and much more! ~There is a minimum option spend requirement on new build homes, please reach out to the sales office for additional details.~

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