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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21527 N 78th Lane Peoria, AZ 85382

$579,000
4 Beds
2 Baths
2,078 SqFt
Status Active
MLS # 6768859
Property Type Single Family Residence
Price Type --
WHAT COULD HAVE BEEN THE FORMER MODEL IS NOW AVAILABLE AND LOADED WITH EXTRAS/ EXCELLENT FLOORPLAN WAS DESIGNED FOR FAMILY LIVING W/ SPACIOUS FAMILY & LIVING ROOMS/ BAY WINDOWS IN BOTH DR & LR/ CUSTOM DISTRESSED WOODWORK AND DECORATIVE STONE ACCENTS GIVE THIS HOME THE ''FLETCHER FARMS FEEL''/ CUSTOM PLANTATION SHUTTERS COVER ALL OF THE WINDOWS/ TILE AND LAMINATE COVER THE FLOORS EXCEPT THE CARPETED BEDROOMS/ KITCHEN HAS UPGRADED CABINERTY, GRANITS TOPS, SS APPLIANCES, GAS STOVE, W/I PANTRY AND GREAT BREAKFAST BAR/ OTHER EXTRAS INCLUDE FANS IN ALL ROOMS, 9' CEILINGS, SECURITY SYSTEM, R/O & SOFT WATER, GAS HOT WATER & HEAT & SUNSCREENS/ THE 3CGARAGE HAS EPOXY FLOORS AND ATTACHED GARAGE CABINETS/ EASY CARE DESERT FRONT YARD AND GRASS REAR FOR THE KIDS/ NICE STORAGE SHED W/ ELECTRIC/ SPACIOUS PAVER PATIO WITH OVERSIZED GAZEBO/ YOUR OWN PARK IS DIAGONAL TO THE HOME A BALL THROW AWAY/ THIS HOME IS MOVE IN READY

16136 W Birdsong Court Surprise, AZ 85374

$579,000
3 Beds
2 Baths
1,889 SqFt
Status Active
MLS # 6773602
Property Type Single Family Residence
Price Type --
Your dream cul-de-sac property is within reach! This 3-bedroom gem features a 3-car garage for ample parking. Inside, you'll find a spacious great room with a neutral palette, plantation shutters, stylish wood-look flooring, and sliding doors that lead to the backyard for seamless indoor-outdoor living. The delightful kitchen comes with quartz counters, white shaker cabinets with crown moulding, chic pendant/recessed lighting, a subway tile backsplash, stainless steel appliances, a pantry, and a peninsula with a breakfast bar for casual meals. The primary bedroom boasts a quaint sitting nook, an ensuite with dual sinks, a soaking tub, and a walk-in closet. Outdoors, you'll find a covered patio with an attached pergola for enjoying the warm Arizona weather. Make it yours!

823 Sycamore Lane Chino Valley, AZ 86323

$579,000
3 Beds
2 Baths
1,554 SqFt
Status Active
MLS # 6748043
Property Type Single Family Residence
Price Type --
This meticulously maintained home in central Chino Valley offers something for everyone, blending comfort, convenience, and style. Located just minutes from Chino Valley's main commercial areas and a short drive from Prescott and Prescott Valley, this home's prime location is ideal. Upon entering, you're greeted by a spacious great room featuring a vaulted ceiling, ceiling fan, and a striking 3-sided gas fireplace. The luxury vinyl plank and tile flooring throughout adds to the home's elegance. The adjacent kitchen is a chef's dream, boasting solid surface countertops, abundant cabinetry, a corner pantry, and a large skylight that floods the space with natural light. The dining room, perfect for hosting meals, offers direct access to the charming rear patio, making entertaining a breeze. Designed with a sought-after split floor plan, the large master suite features vaulted ceilings and direct access to the back patio. The master bath is equally impressive with a spacious walk-in closet, garden tub, dual vanities, and a walk-in shower with grab bars. On the opposite side of the home, two sizable guest bedrooms and a full bath are privately situated off the great room, ensuring comfort and privacy for all. The pristine exterior is equally inviting, with a massive screened-in covered patio perfect for year-round entertaining. This space includes a fabulous hot tub that conveys with the property. The home also offers abundant RV parking, with two separate water, sewer, and power hookup locations. Both the front and rear yards are beautifully landscaped and low-maintenance. The front patio boasts views of Granite Mountain, while the large, flat backyard serves as an excellent starting point for any outdoor hobby. The oversized 3-car garage provides ample parking and storage, complemented by an additional high-quality Tuff Shed on the property. Recent updates include substantial repairs and upgrades to the septic system, a thorough revamp of the drainage and rain gutters, new luxury vinyl plank flooring, steam cleaning and sealing of tile areas, a significant tune-up of the hot tub's hardware, and several new high-quality windows.

4571 W Shannon Street Chandler, AZ 85226

$579,000
4 Beds
2.5 Baths
2,080 SqFt
Status Active Under Contract
MLS # 6748421
Property Type Single Family Residence
Price Type --
This stunning two-story property boasts of FULLY OWNED TESLA SOLAR! It has a great curb appeal, a two-car garage, and a beautifully landscaped yard. Step inside to discover a cozy living/dining area complete with a fireplace. The eat-in kitchen boasts of upgraded cabinetry and granite countertops. The master suite has a walk in closet & separate shower/tub. The spacious loft, offers a versatile space that could serve as a media room, play area, or anything you envision. The backyard features a covered patio perfect for hosting. Ideally located near restaurants, grocery stores, public library & the Desert Breeze Park! The home has been cared for and upgraded by the seller over the years. NEW ROOF (2021), NEW ENERGY EFFICIENT WATER HEATER (2021), NEW GARAGE DOOR(2021)

3034 E Marilyn Road Phoenix, AZ 85032

$579,000
3 Beds
2 Baths
1,913 SqFt
Status Active Under Contract
MLS # 6763014
Property Type Single Family Residence
Price Type --
Beautiful 3 bedroom 2 bath home with a 2 car garage in a great neighborhood with no HOA. This gorgeous home is move in ready with some nice upgrades like flooring, fixtures, ceiling fans, appliances, washer/dryer and remodeled bathrooms. Separate Living Room and Family Room. Windows have been updated and all windows have shutters or blinds. A/C was replaced in 2019. Ring Doorbell. Security Screen Door in front. French doors in back. There is an above ground spa that stays with the home (as-is). Sprinkler system in the front and the backyard. Beautiful mature trees, palms and citrus trees. Large laundry room plus extra storage room. Covered Patio and shed.

16085 W Alameda Road Surprise, AZ 85387

$579,000
3 Beds
2.5 Baths
2,019 SqFt
Status Active
MLS # 6772867
Property Type Single Family Residence
Price Type --
The seller is offering a 3% concession PLUS a $5,000 allowance for landscaping. This beautiful, move-in-ready home features a gourmet kitchen with upgraded cabinetry, a stylish backsplash, stainless steel appliances, granite countertops, and a walk-in pantry. The spacious great room opens to a backyard that is ready for you to create your ideal outdoor oasis. Bedrooms #2 and #3 share a guest bathroom and are separated from the primary bedroom for added privacy. Enjoy shutters and ceiling fans throughout, and soft water system. The community provides exceptional amenities, including an aquatic center, pickleball, sand volleyball, bocce ball, playgrounds, trails, zip lines, and frisbee golf! Special financing incentives are available on this property through SIRVA Mortgage.

342 W Beechnut Place Sun Lakes, AZ 85248

$579,000
2 Beds
2 Baths
1,904 SqFt
Status Active
MLS # 6773289
Property Type Single Family Residence
Price Type --
REMODELED PALMERA model w/ SPLIT BEDROOMS & Den + MULTI-PURPOSE Climate Controlled AZ Room on PRIVATE Corner Lot in the GATED, ADULT community of Ironwood. ALL NEW: Luxury Plank Flooring, Baseboards, Lighting/Fans, Fixtures & Interior/Exterior Paint. 2017 AC, VAULTED CEILINGS & Water Softener. GREAT ROOM is open to the EAT-IN KITCHEN w/ Pantry, Island, Stainless Appliances, INDUCTION COOKTOP & 42''Maple Cabinets. Spacious Primary Bedroom w/Bay Window has a LARGE BATHROOM w/ Quartz, Double Vanity, tiled WALK-IN Shower + HUGE WALK-IN CLOSET. Tons of STORAGE in the Laundry Room & EXTENDED 2 CAR Epoxied Garage. Low maintenance NORTH-FACING backyard w/ fruit trees. Come enjoy Sun Lakes w/ its amenities of golf, tennis, pickleball, pools, fitness center, clubs, social activities & restaurant.

22410 N Arrellaga Drive Sun City West, AZ 85375

$579,000
2 Beds
2 Baths
1,684 SqFt
Status Active
MLS # 6775501
Property Type Single Family Residence
Price Type --
Presenting blue skies and green grass as far as the eye can see! This beautiful Arcada model is perfectly positioned on an elevated lot & on the 5th Fairway of Corte Bella Country Club. This home captures a stunning environment that's designed to make every day seem like you're on vacation. The covered patio spans the width of the house and pavers invite you to sit by the firepit or trickling fountain. The focal point of the living room is the designer entertainment wall with lighted niches. The dining area has a view! The kitchen includes gas stove and granite counters, Two spacious bedrooms and a den with double doors. The bonus space behind the kitchen can be used for a desk, hobby room, pet room, or air-conditioned storage. Most of the furniture is available outside of escrow.

3200 W Black Oak Loop Show Low, AZ 85901

$579,000
3 Beds
2 Baths
1,550 SqFt
Status Active
MLS # 6669326
Property Type Townhouse
Price Type --
This Torreon golf villa offers a comfortable and convenient living space with its 3 bedrooms and 2 bathrooms. It is designed for a lock and leave lifestyle, providing you with peace of mind when you're away. The property features a detached 1-car garage, offering secure parking and additional storage space. Surrounded by a lush canopy of trees, this villa provides a serene and private atmosphere. The covered deck and patio area are perfect for relaxing or entertaining, allowing you to enjoy the beautiful surroundings. The open floorplan creates a spacious and airy feel, while the split layout ensures privacy between the bedrooms. Large spacious kitchen makes meal prep a breeze while guest can accompany around the breakfast bar. Whether you're a golf enthusiast or simply..

20597 W Walton Drive Buckeye, AZ 85396

$579,000
4 Beds
3 Baths
2,600 SqFt
Status Active
MLS # 6767346
Property Type Single Family Residence
Price Type --
Beautiful 4/3 Craftsman home in Verrado. Great location with tree lined streets and close to park. Relax on beautiful patio in this welcoming community.

3033 E Millbrae Lane Gilbert, AZ 85234

$579,000
4 Beds
3 Baths
2,146 SqFt
Status Active
MLS # 6726711
Property Type Single Family Residence
Price Type --
MOVE-IN-READY!!! LOTS of CHARM & CHARACTER EVERYWHERE!!! This home is a MUST SEE!!! Full Bedroom & Bathroom DOWNSTAIRS!!! Upon entry, you're wowed by VAULTED CEILINGS, along with two separate living areas, a STUNNING KITCHEN overlooking the main living space, making this the PERFECT HUB OF THE HOME!!! Spend some time outback in your Sparkling POOL, or relax in tub HOT TUB, cook out in your BUILT-IN-BBQ, or even enjoy your very own PUTTING GREEN!!! This backyard is an Entertainer's Dream!!! Workbench area in garage, along with LOTS OF STORAGE!!! This home has it all!!! Home is steps away from a FANTASTIC park with playground area and Basketball courts!! Don't miss out on this one!!!

1326 W Juanita Avenue Mesa, AZ 85202

$579,000
4 Beds
3 Baths
2,278 SqFt
Status Active
MLS # 6729599
Property Type Single Family Residence
Price Type --
Incredible opportunity for investors looking to secure a property with tenant and lease already in place!!! Gorgeous updated 4 bed/3bath sits on a large lush lot. Updated kitchen with stainless steel appliances. Separate office/den/sunroom adjacent to family room with separate sliding doors to backyard. One bedroom downstairs with bathroom, with remaining 3 upstairs. Lots of updates and great potential for investment property!!!

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