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.

What’s Your Home Worth?

Search for Your New Home

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.~

1376 W Golden Ore Pass Apache Junction, AZ 85120

$579,990
4 Beds
3 Baths
2,524 SqFt
Status Active
MLS # 6770289
Property Type Single Family Residence
Price Type --
Welcome to Blossom Rock! The east valley's newest master planned community. With views of the Superstition Mountains and a wealth of amenities currently in the making including three community parks, dozens of neighborhood parks, a community school, miles of trails, beautiful lakes, and indoor and outdoor gathering spaces all meant to serve as the backdrop of the calendar of signature events and annual celebrations currently being created.

32405 N 122nd Lane Peoria, AZ 85383

$579,990
4 Beds
3 Baths
2,373 SqFt
Status Active
MLS # 6748747
Property Type Single Family Residence
Price Type --
MLS#6748747~January Completion! The Erikson floor plan at Mystic Discovery exemplifies open concept living and is perfect for entertaining on both floors! The first floor is the heart of the home, with an open main living area that holds a spacious gathering room with a casual dining area and an open kitchen. The designer kitchen features a large island and step-in pantry. A downstairs guest bedroom is located at the front of the home which is perfect for overnight guests. Upstairs, the owner's suite features a garden tub and shower and a spacious walk-in closet. A loft and two additional bedrooms and the laundry room round out this lovely home. Structural options include: paver front porch, 2' garage extension, super shower at owner's bath, and soft water loop.

9423 E Steno Avenue Mesa, AZ 85212

$579,990
4 Beds
3 Baths
2,668 SqFt
Status Active
MLS # 6681193
Property Type Single Family Residence
Price Type --
This 2,668 sq ft Verbena floor plan home has plenty of space with 4 bedrooms, upstairs loft, 3 full bathrooms and 2 car garage. You'll love the convenience of a full bedroom and bathroom on the first floor. This home features the Harmony Signature palette, with 42'' white cabinets, quartz kitchen countertops, and subway tile kitchen backsplash. Stainless steel appliances (including the fridge) which makes this kitchen complete. This beautiful home will also come with a full size washer and dryer! Easy maintenance, luxurious wood plank tile is featured in all common areas with plush carpeted bedrooms and loft. Getting ready is easy with dual sinks and raised vanity in the primary suite bathroom, plus you'll love the space in your suite - large enough for a king-sized bed.

8021 W Northview Avenue Glendale, AZ 85303

$579,990
4 Beds
2 Baths
2,291 SqFt
Status Active
MLS # 6706511
Property Type Single Family Residence
Price Type --
Experience Luxury living at its finest in this stunning 4-bedroom, 2-bathroom home nestled in the prestigious Orangewood Ranch community. Boasting a spacious three-car garage and mere minutes away from the Glendale arena, convenience meets elegance in this meticulously crafted residence. Step into a custom kitchen adorned with top-of-the-line appliances and a dazzling backsplash, perfect for culinary enthusiasts and entertainers alike. Admire the intricate decorative woodwork adorning the walls, adding a touch of sophistication to every room. Welcome to your dream home, where every detail exudes charm and refinement. Purchase this home the exclusive Rad program starting at 2% below current market rate call for more details.

1019 S Ponderosa Street Payson, AZ 85541

$579,900
3 Beds
2 Baths
1,650 SqFt
Status Active
MLS # 6700913
Property Type Single Family Residence
Price Type --
To be built custom home, construction starting soon. Build time approx. 5 months

3487 E Delcoa Drive Phoenix, AZ 85032

$579,900
3 Beds
2 Baths
1,595 SqFt
Status Active
MLS # 6738440
Property Type Single Family Residence
Price Type --
Wow this stunning and turn key home offers all the bells and whistles. home was used as a secondary residence and highly successful short term rentals with the reviews and revenue to prove it. home features updated kitchen, flooring, pool, jacuzzi, designer touches throughout and owner willing to sell with all furniture making this a turn key property.

13532 N 146th Lane Surprise, AZ 85379

$579,900
4 Beds
3 Baths
2,743 SqFt
Status Active
MLS # 6764564
Property Type Single Family Residence
Price Type --
Marley Park Beauty - 4 bedrooms 3 bath home that sits on a premium lot next to green belt. Short walk to community pool / Charter School. Shopping & dining + new Costco minutes away. Home has upgraded kitchen & flooring - this to be best home on your tour.

13148 N 153rd Drive Surprise, AZ 85379

$579,900
4 Beds
3 Baths
2,588 SqFt
Status Active
MLS # 6768920
Property Type Single Family Residence
Price Type --
Beautiful move-in ready home in Marley Park Community is now on the market! Offering an excellent curb appeal w/manicured front yard, a 3-car garage, & a relaxing porch! Take a look at the updated interior to discover tall ceilings, stylish tile flooring, recessed lighting, and a bright living room w/accented wall. The family room comprises a media niche, backyard access, & a cozy fireplace perfect for the cold winter nights. Enjoy a delightful meal in the formal dining room! Impeccable kitchen showcases wood cabinets w/crown molding, built-in appliances, granite counters, mosaic tile backsplash, & a 2-tiered peninsula w/a breakfast bar. Flexible den is ready to make it your own. Oversized primary retreat features a soft carpet & a pristine ensuite w/dual sinks. 3% to buyers agent.

20711 W Minnezona Avenue Buckeye, AZ 85396

$579,900
2 Beds
2 Baths
1,596 SqFt
Status Active Under Contract
MLS # 6757768
Property Type Single Family Residence
Price Type --
THIS is AZ Living! Relaxing in the sparkling pool or enjoying the outdoor living, this charming home is BEAUTIFUL and ready for you! After your refreshing swim (year round bc heated pool!) you can cool down on the covered patio with commercial misters, grab the sun rays on the elevated patio or enjoy your latte in the front courtyard! Kitchen w/stainless appliances, gas cooktop, wall oven, granite counters & island - dining & great room w/view to the inviting covered patio & pool. Guest BR at front of home; office/den w/French doors for privacy. Master BR retreat w/ensuite bath. Neutral tones, decorator owner touches throughout. This popular Cal Atlantic floorplan is situated on a uniquely larger lot for privacy. This is a WINNER!

11337 E Unger Avenue Mesa, AZ 85212

$579,900
4 Beds
3 Baths
2,074 SqFt
Status Active
MLS # 6771730
Property Type Single Family Residence
Price Type --
Discover modern living with stunning mountain views in this beautifully upgraded Ashton Woods home at Destination at Gateway, built in 2022. Boasting 4 spacious bedrooms, 3 full baths, plus a versatile den/flex space, this home offers everything you need. The open-concept design features wood-like tile floors throughout, a large center sliding door for seamless indoor-outdoor living, and kitchen includes sleek shaker cabinets, built-in Roku lighting, and quartz countertops. Why wait for a new build when this home is move-in ready and feels brand new? Ideally located near the new Fry's, and major freeways (24, 202, and 60), with access to excellent school districts. A must-see in a prime location!

20616 N Ventana Drive Sun City, AZ 85373

$579,900
2 Beds
2 Baths
2,019 SqFt
Status Active
MLS # 6750555
Property Type Single Family Residence
Price Type --
2024 OWNED solar! Years w/free electricity & NO loan pmt; 2024 NEW Roof underlayment. 2021 NEW HVAC. Invitingly spacious & delightfully updated home featuring 2 bedrooms w/walk-in closets, 2 updated bathrooms (new walk-in shower in Primary Bath) plus ofc/3rd bed. Filled w/light, elegant finishes & many extras! A tranquil interior pallet of natural hues & tones provides an ideal setting to enjoy the SW lifestyle. Live the Arizona dream as you view stunning sunrises & sunsets from your backyard, surrounded by vibrant colorful landscaping, covered tile patio, exquisite fountain, landscape lighting & misting system that will compliment any outdoor experience. Updated kitchen w/SS appliances, RO, pull-out shelves, island w/drawers, soft close cabinets. Whole home water filtration/softener. Residents in the Ventana Lakes Community enjoy friendly neighbors, four pools, jetted spas, fitness center, sports courts, catch and release fishing & a variety of clubs and activities.

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