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

682 E Aurora Drive San Tan Valley, AZ 85140

$569,990
4 Beds
2.5 Baths
2,094 SqFt
Status Active
MLS # 6768688
Property Type Single Family Residence
Price Type --
Almost Complete! This gorgeous Santa Rosa II home offers a beautifully designed split floor plan with 4 bedrooms (in lieu of the home office) and 2.5 bathrooms. The spacious great room and kitchen, highlighted by a stunning vaulted ceiling, create the perfect setting for entertaining. The kitchen is a showstopper, featuring our Loft-inspired ''Looks'' collection with sleek dark blue cabinets, brushed nickel hardware, stylish floating shelves, and sparkling quartz countertops. The luxurious Primary Suite offers a serene retreat, complete with a spa-like bathroom and a generous walk-in closet. Every detail of this home has been thoughtfully crafted to create a blend of modern comfort and elegance. Don't miss your opportunity to own this beautiful home—make it yours today! Up to 6% of Loan Amount can be applied towards closing cost and/or short-long term interest rate buydowns when choosing our preferred Lender. Additional eligibility and limited time restrictions apply.

20234 W Catalina Drive Buckeye, AZ 85396

$569,990
3 Beds
2 Baths
2,224 SqFt
Status Active
MLS # 6670246
Property Type Single Family Residence
Price Type --
START PACKING!!! It's the stunning Crimson - Multi door that leads out to the extended covered patio perfect for entertaining. Stainless steel gas appliance package with a 30'' cooktop, wall oven. Duraform ''Espresso'' cabinets with 42'' kitchen uppers. Silver Falls granite countertops in kitchen and at the enhanced kitchen island. Upgrade flooring includes 5'' baseboards and door casing EMS Anthem white 18x18 tile in all areas of the home except bedrooms and closets. Interior two tone paint - Whiskers. Dual sinks at bath 2, Stub out for future BBQ, soft water loop, 8' tall garage door, garage door opener with two remotes, garage service door for easy access into the backyard and so much more.

720 E Aurora Drive San Tan Valley, AZ 85140

$569,990
3 Beds
2.5 Baths
2,094 SqFt
Status Active
MLS # 6755660
Property Type Single Family Residence
Price Type --
Ready for a Quick MOVE_IN!! - This Santa Rosa plan offers 3 bedrooms, 2.5 baths, and a versatile FLEX room, perfect for a home office or peaceful retreat. Part of our signature Classics ''Looks'' interior collection, the kitchen boasts a spacious island with breakfast bar, White Cabinets, and Quartz Countertops. The open great room and dining area flow seamlessly to an oversized covered patio, ideal for indoor/outdoor living. Enjoy the convenience of our unique HovHub with a built-in desk as a drop zone near the garage entry. The Primary suite features a luxurious resort-style bath and a spacious walk-in closet. ^^^Up to 6% of Base Price can be applied towards closing cost and/or short-long term interest rate buydowns when choosing our preferred Lender. Additional eligibility and limited time restrictions apply.

5329 W Rainwater Drive Laveen, AZ 85339

$569,990
5 Beds
4 Baths
2,838 SqFt
Status Active
MLS # 6769226
Property Type Single Family Residence
Price Type --
MLS#6769226 Ready Now! The Pinnacle at Tierra Montana Encore presents a stunning two-story design with a spacious primary suite located on the main floor. This suite offers a large shower, soaking tub, dual-sink vanity, and a walk-in closet perfect for year-round storage. The open-concept layout connects the expansive gathering room to the gourmet kitchen and dining area, creating an ideal space for entertaining. Also on the first floor, you'll find a laundry room and a guest bedroom with a full bath, perfect for hosting overnight guests. Upstairs, three additional bedrooms, two full baths, and a generous loft provide ample space for family living. Structural options include: 5th bedroom and 4th bath in lieu of study and half bath.

31969 N 117th Avenue Peoria, AZ 85383

$569,990
3 Beds
2 Baths
1,486 SqFt
Status Active
MLS # 6755500
Property Type Single Family Residence
Price Type --
Acacia - We're building this home in the beautiful new community of Mystic in Peoria. Large walk-in shower at owner's bath with tile surrounds and floor. Pavers at drive, walk and entry. Kitchen upgrades include stainless steel gas appliance package with a 36'' cooktop, wall oven, microwave and glass canopy hood. Sonoma Maple Slate (Gray) cabinets with soft close doors & drawers, pull out trash drawer. AZT Hana Sky quartz countertops at kitchen. Upgrade flooring includes AZT 12x24 Sand Matte tile in all areas of the home except beds/closets. Amenity Rich Mystic includes a Resort Style community pool, Rec center with year-round events, Hiking paths & community parks. The perfect location- close to shopping, restaurants, golf, Lake pleasant and the loop 3.

268 S 164th Drive Goodyear, AZ 85338

$569,990
4 Beds
2.5 Baths
2,229 SqFt
Status Active
MLS # 6767714
Property Type Single Family Residence
Price Type --
QUICK MOVE-IN!!! This 3 bedroom home with a flex room and 2.5 baths and a 3 car garage has an extended covered patio. 12x9 sliding glass door off the great room. Pavers at drive, walk and entry. Gas appliance package in stainless steel, 30'' built-in cooktop, wall oven and glass canopy hood. Barnett ''Slate-gray'' cabinets with 42'' kitchen uppers, pull out trash drawer and two bins. AZT Della Terra quartz countertops in kitchen, baths except powder bath. Flooring includes EMS Baccarate 12x24 tile in all areas of the home except bedrooms and closets. 5'' baseboards and 3 1/4'' door casings throughout the home. Dual sinks at bath 2. Soft water loop, 8' gate, 8' tall garage door with openers and so much more.

14910 W Dreyfus Street Surprise, AZ 85379

$569,990
4 Beds
2.5 Baths
2,728 SqFt
Status Active Under Contract
MLS # 6725590
Property Type Single Family Residence
Price Type --
Priced to Sell and Sellers are OFFERING CONCESSIONS to buyer! Come Fall IN LOVE with this gorgeous 4 bedroom (plus a loft), 2.5 bath home with OWNED Solar (NO LOAN/LEASE) & a POOL! This fabulous floor plan boasts a large dining area with a butler's pantry leading into an amazing gourmet kitchen (which opens to a cozy family room) with a plethora of espresso cabinets, recessed & pendant lighting, granite counters, SS appliances, drop in gas cook top, walk in pantry and kitchen island. And luxury viny plank (NO CARPET)throughout the home! The master ensuite boasts dual sinks, separate tub & shower. You will enjoy the vacation style backyard with its covered patio, green grass, POOL & entertainment area! This is a MUST SEE!!!

17871 W Southgate Avenue Goodyear, AZ 85338

$569,900
4 Beds
3.5 Baths
3,232 SqFt
Status Active
MLS # 6734110
Property Type Single Family Residence
Price Type --
30 DAY QUICK MOVE IN!! ASK ABOUT OUR LOWER THAN MARKET FINANCING! BEAUTIFUL 2-STORY HOME* EN SUITE ON 1ST FLOOR* FLEX ROOM & LOFT* WHITE SHAKER CABINETS* WOOD-PLANK LVP FLOORING* QUARTZ COUNTERTOPS* END LOT* N/S FACING!!!

20314 N Wagner Wash Drive Buckeye, AZ 85396

$569,900
2 Beds
2.5 Baths
2,342 SqFt
Status Active
MLS # 6733834
Property Type Single Family Residence
Price Type --
**PREMIUM DESERT VIEW HOMESITE** This extended popular Refuge model includes the 4' garage extension and a 2' rear extension. Wonderfully appointed with a chef's kitchen, large pantry and two dens, each with glass French doors. Also, this home has 2 bedrooms, each with its own en-suite bath, plus a powder room for guests. Other add-ons include plantation shutters throughout, pre-wired surround sound, built in storage in garage, fully enclosed backyard, custom designed lighting and so much more!. Do not let this opportunity pass you by. Elegant French doors enhance the home's aesthetic appeal, adding a touch of sophistication to your living spaces. Step outside to your large covered patio, perfect for outdoor dining and relaxation. The electric sun screen provides shade and comfort, allowing you to enjoy the outdoor space year-round. Experience the best of active adult living in this exceptional home. Don't miss out on this opportunity!

4043 N Smithsonian Drive Florence, AZ 85132

$569,900
3 Beds
2.5 Baths
2,467 SqFt
Status Active
MLS # 6762591
Property Type Single Family Residence
Price Type --
LOCATION, LOCATION, LOCATION! Enjoy the tour and views of this stunning 3 bedroom, 2.5 bath ''Endeavor'' model. The PREMIUM WASH LOT and outdoor living space offers gorgeous sunrises and private Sonoran desert views from the extended paver patio, surrounded by beautiful mature landscape. The home is just as beautiful inside with details that include a gourmet kitchen featuring upgraded staggered cabinetry w/roll-out trays, gas cooktop, beautiful granite countertops, tile backsplash, pendant lighting, RO system, water softener, tankless hot water, NEW A/C unit, impressive entry door, laundry/garage cabinets, entertainment center, solar and MUCH MORE! The primary suite features matching granite and cabinets, soaking tub w/separate shower and a large walk in closet. A MUST SEE HOME! Enjoy our Anthem Grille, The Poston Butte Golf Club, a learning center and all the festivities, activities and amenities a Sun City community has to offer. Remember you are buying a lifestyle that goes beyond the homes property lines.

2044 W Trotter Trail Phoenix, AZ 85085

$569,900
3 Beds
2.5 Baths
1,942 SqFt
Status Active
MLS # 6770717
Property Type Single Family Residence
Price Type --
Modern home located in the highly sought after north Phoenix community of Union Park At Norterra. Home is only 5 years old w/ desirable open floor plan & great room feel. Upgraded gourmet kitchen has breakfast island, gas cook top & walk-in pantry. Large primary suite features dual vanities, oversized shower and spacious walk-in closet w/access to laundry room located on 2nd floor and the low maintenance yard has artificial turf & water fall. Conveniently located near DVUSD K-8, shopping & dining at Shops at Norterra, close to TSMC and has easy access east to Scottsdale or north to Sedona/Flagstaff via nearby I-17 & 101 Hwys. Friendly community w/resort-style heated pool & kids play pool, playgrounds, dog park, pickle ball & basketball courts too.

5912 W Bushwood Way Florence, AZ 85132

$569,900
2 Beds
2 Baths
2,039 SqFt
Status Active
MLS # 6755790
Property Type Single Family Residence
Price Type --
ENJOY THE STUNNING VIEWS OF THE 8TH FAIRWAY of Poston Butte Golf Course with this gorgeous ''Pursuit'' model in Sun City Anthem at Merrill Ranch. This meticulously maintained home offers an abundance of upgrades that includes an outdoor living space that offers a paver entry w/sitting area, extended paver patio w/putting green, where all putts are good, and surrounded by beautiful landscape. Your new home is just as stunning inside with details that include upgraded LVP flooring throughout , reclaimed WY fence wood accent walls, French doors and Murphy bed for optional 3rd bedroom, simulated wood beam accents in great room and surround sound. Take advantage of the tremendous SOLAR SAVINGS w/23 panels producing 8.5kw of OWNED SOLAR and mini-split A/C in the garage. The Chefs kitchen... features true staggered upgraded cabinetry w/pull out shelves, pots/pans drawers, gas cooktop French door refrigerator, tiled backsplash, under cabinet and pendent lights over the spacious island. Additional features include a Roman walk-in shower with floor to ceiling tile in the primary en-suite, 4' extended garage and cabinets, epoxy garage floor, insulated garage, water softener, tankless water heater and a service door that leads to the exterior garbage corral. Some furniture available on a separate bill of sale...A MUST SEE HOME!! Merrill Ranch also offers the Anthem Grille, The Poston Butte Golf Club, a learning center and all the festivities, activities and amenities a Sun City community has to offer. Remember you are buying a lifestyle that goes beyond the homes property lines.

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