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

25203 S Kansas Avenue Sun Lakes, AZ 85248

$568,500
4 Beds
3 Baths
2,021 SqFt
Status Active
MLS # 6767478
Property Type Single Family Residence
Price Type --
Beautiful 3bd/2 bath main house(1621sf) with a lovely **GUEST HOUSE**! (400sf) = 2021sf total living space! Guest house has a living room, full kitchen, large bath with shower and safety seat. Bedroom accommodates a twin bed, nightstand and dresser. Large closet. Main house has been extensively renovated. Kitchen has new cabinets and lovely quartzite countertops. Both baths have tiled showers and new vanities and toilets. Tile flooring throughout. Backyard has been landscaped with artificial grass and a large gazebo. Great place for a firepit and outside seating. All in the busy community of Sun Lakes for 55+. Loads of activities ,pools, club house with the Sunset Grill and library. This is a great multi-generational home.

2522 N 11th Street Phoenix, AZ 85006

$568,495
3 Beds
2 Baths
1,111 SqFt
Status Active
MLS # 6742322
Property Type Single Family Residence
Price Type --
MOTIVATED SELLERS!!! Negotiable 2/1 buy down! Discover your dream home in the Coronado Historical District. This newly renovated gem features new windows, flooring, and tile throughout. The stunning kitchen boasts custom Euro-style cabinetry, quartz countertops, and new stainless steel appliances. Enjoy updated bathrooms and an enclosed laundry room with cabinetry and a built-in seating area, perfect for an artist studio or more. Open French doors for seamless indoor-outdoor entertaining in the courtyard. The home also offers a brand-new roof with a 10-year warranty, a new hot water heater, turf grass, and front-yard irrigation. Located on a quiet street, yet close to downtown, Roosevelt Row, and Phoenix Country Club. Modern comfort meets historic charm!

8728 W Medlock Drive Glendale, AZ 85305

$568,000
3 Beds
3 Baths
1,970 SqFt
Status Active
MLS # 6750288
Property Type Single Family Residence
Price Type --
MLS#6750288 Ready Now! The Sapphire in Stonehaven Encore was thoughtfully designed, offering 3 bedrooms, 3 baths and study. A spacious kitchen with a large island opens to the gathering room and dining area, perfect for staying connected with family or entertaining friends! A private bedroom is near the foyer - ideal for overnight guests. Primary suite is privately located in back of the home with dual sinks, large shower and walk in closet. Structural options include: 10' x 8' sliding glass door, study in lieu of bath 4, super shower at primary suite, and soft water loop.

12320 W Luxton Lane Avondale, AZ 85323

$568,000
4 Beds
3 Baths
2,272 SqFt
Status Active
MLS # 6678265
Property Type Single Family Residence
Price Type --
INCREDIBLE OPPORTUNITY to live close to it all in the West Valley. With 4 beds, 3.5 baths, flexible retreat area and 3 car side by side garage, this dream homes shines from the stunning curb appeal to the endless possibilities in the large north facing backyard. This bright and open plan boasts 10' flat ceilings, 8' doors and an expansive 16' sliding glass door to the extended outdoor patio. The gorgeous kitchen provides you the opportunity to shine as a chef with upgraded coconut shaker cabinets, quartz countertops, stainless GE appliances, pot filler, herringbone tiled backsplash and oversized center island. Energy-efficient, extensive new home warranty and excellent customer service...there is not time like TODAY. See you soon!

4550 E Olney Avenue Gilbert, AZ 85234

$568,000
3 Beds
2 Baths
1,881 SqFt
Status Active
MLS # 6747316
Property Type Single Family Residence
Price Type --
I dare you to find something this clean! Immaculately maintained, this home offers exceptional privacy with no two-story neighbors on either side or behind, ensuring a secluded backyard. Inside, enjoy high-end features like plantation shutters throughout and luxurious quartz countertops in the kitchen—a must-see! In photos labeled front room currently being used as a sitting room could easily be formal dining, office or guest room as well. The property includes a spacious 3-car garage and gated extra parking, perfect for low-profile toys. Sellers have found their replacement home. Priced to sell quickly, this home won't last long! Agents please see the attached list of upgrades and repairs.

12386 W Cassia Trail Peoria, AZ 85383

$568,000
4 Beds
3 Baths
2,374 SqFt
Status Active
MLS # 6752908
Property Type Single Family Residence
Price Type --
Discover your dream home in this stunning 4-bedroom, 3-bathroom gem. With a spacious loft and a covered patio, this home offers plenty of room to grow and entertain. The kitchen is a chef's delight, featuring modern finishes and a stylish herringbone pattern backsplash that adds a touch of elegance. The beautiful wood-like tile flooring in high traffic areas adds warmth and durability. The unfinished backyard has mountain view and is a blank slate, ready for you to customize and create your perfect outdoor oasis.

20323 E Happy Road Queen Creek, AZ 85142

$568,000
3 Beds
2 Baths
2,080 SqFt
Status Active
MLS # 6754931
Property Type Manufactured Home
Price Type --
Spacious and bright 3-bedroom, 2-bathroom modular home on just over an acre of land in Queen Creek, AZ with large bedrooms, walk-in closets and large storage closets. Luxury vinyl plank (LVP) installed throughout entire house in 2019. New roof installed September 2021. Acre is perimeter and cross fenced and within riding and walking distance of Santan Mountain Regional Park. 16' x 32' galvanized steel 2-stall shed row for horses and huge paver patio for outdoor enjoyment yet property is minutes away from Equestrian Center, Fry's Grocery, Fat Cats, Caldwell County BBQ and more.

1922 E Yale Street Phoenix, AZ 85006

$568,000
3 Beds
2 Baths
1,231 SqFt
Status Active
MLS # 6772421
Property Type Single Family Residence
Price Type --
This fully renovated 1925 classic home blends charm with modern luxury. Featuring stunning luxury laminate floors and brand-new windows, the open floor plan is enhanced by beautiful wood beams and elegant crown molding. The custom bathroom showcases period-specific tile choices, while the kitchen boasts white shaker cabinets, quartz countertops, a striking blue tile backsplash, a pot filler above the gas range, and a farmhouse sink. Stainless steel appliances complete the space. Plus, enjoy peace of mind with a new roof and serviced A/C—all part of a permitted remodel!

1821 W Lacewood Place Phoenix, AZ 85045

$568,000
5 Beds
3 Baths
2,904 SqFt
Status Active
MLS # 6703351
Property Type Single Family Residence
Price Type --
You'll LOVE this beautiful 5-bed, 3-bath home in the peaceful Foothills Club West! Nestled adjacent to a common area, it displays a 2-car garage, well-manicured landscape, & cozy front porch. Welcoming interior features tons of natural light, designer paint, carpet & tile flooring t/out. Perfect for entertaining, this gem boasts a living & dining room combo and an inviting family room that opens to the kitchen! The impressive kitchen has SS appliances, granite counters, recessed lighting, a pantry, espresso cabinetry w/crown molding, and an island w/breakfast bar. Versatile loft upstairs! Large main bedroom features an ensuite dual sinks & a sit-down shower. Outback, you have a covered patio, artificial turf, & well-laid travertine & solar to save! Enjoy the mountain views surrounding it. Home also features leased solar that offsets on average 53% of their utility bill!

16612 N 151st Lane Surprise, AZ 85374

$568,000
4 Beds
2.5 Baths
2,856 SqFt
Status Active
MLS # 6710976
Property Type Single Family Residence
Price Type --
Welcome to this stunning two-story home warm and inviting from the moment you step through the door. Home featuring so many upgrades you won't believe this beauty, from exquisite diagonal tile flooring that runs throughout the entire first floor, leading into a gourmet eat-in kitchen with upgraded Cherry Wood 42-inch cabinets, granite countertops, large kitchen island, great for entertaining. The kitchen overlooks the backyard oasis with a sparkling pool. Second floor master suite with walk-out deck overlooking mountain views. Enormous master bath with garden tub and separate shower, large walk-in closet. All other bedrooms are abundant in size. Enormous game room can be converted into two extra bedrooms The home also features a downstairs office and can be converted into a fifth bedroom. We are just minutes away from schools, shopping, restaurants, Surprise Stadium-Spring Training, outdoor Recreation center, Surprise Aquatic Center, events and Festivals and hotels. You will enjoy this highly upgraded exquisite home, conveniently located few minutes away from the downtown Heritage district where the family fun begins.

2023 W Rancho Drive Phoenix, AZ 85015

$568,000
5 Beds
4 Baths
2,717 SqFt
Status Active
MLS # 6766472
Property Type Single Family Residence
Price Type --
Central Phoenix home with a lot of character in a prime location that is walking distance to the Valley Metro Rail Station and the Spectrum Mall while being minutes away from I-17! This house includes a 500 sq ft guest house that has a separate entrance with full bathroom, huge living area, kitchen cabinets with separate heating and cooling unit. The guest house would be a great Airbnb, VRBO, or an in-law suite! If you have a green thumb, this house is for YOU, it offers lots of tree and vegetation: 2 mature orange trees, pomegranate, peach, tangerine, blood orange, 5 grapevines, artichoke, and rosemary. The house has a sustainable front and backyard with a distinctive water fountain and a wood crafted entry door. The main house features hand-carved Cantera stone, slate flooring, double-sided fireplace and 3 skylights throughout the house. Chef's kitchen boasts granite countertops, huge breakfast bar for additional seating, and stainless steel appliances. Walk-in closet, steam shower, jacuzzi tub and double vanity sink makes for a great master suite! All bathrooms have stone tile work from floor to ceiling with inset mirrors. The backyard of the home is very unique and features a fountain, fully mature orange tree, raised concrete trellis area, and outdoor fire-pit! Extended driveway, RV GATE, and a GARAGE! NO HOA! HURRY, this one won't last long!

1790 E Buffalo Street Chandler, AZ 85225

$568,000
3 Beds
2.5 Baths
2,138 SqFt
Status Active
MLS # 6773663
Property Type Single Family Residence
Price Type --
Spectacular home in The Springs lake community! Recently updated and move-in ready, this immaculate home features a huge grass backyard with a large patio, outdoor BBQ, and cozy gas fire pit, perfect for entertaining. Recent upgrades include newer windows, roof underlayment, HVAC units, water heater, flooring, and countertops. Enjoy all the amenities The Springs has to offer, including access to the picturesque lake, peaceful walking paths, community pool, spa, and pickleball / basketball courts. Conveniently located just minutes from the 202 freeway, downtown Chandler, and downtown Gilbert, with a Walmart Neighborhood Market right across the street for added convenience. This home truly has it all!

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