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

508 N Sierra Vista Drive Wickenburg, AZ 85390

$565,000
3 Beds
2 Baths
1,402 SqFt
Status Active
MLS # 6702101
Property Type Single Family Residence
Price Type --
SPACIOUS RV garage! Tons of storage!! Relax with the large covered patio or sit in the beautiful salt water spa with chiller on the warm summer days. Enjoy mountain views from the front and backyard of the home in Mariposa Heights. Store all the toys and much more in the fabulous detached RV garage. Electrical RV hook ups inside, beautiful custom built-in cabinets, cable TV available, and fully insulated-even the garage doors! In 2019 $30k worth of new Renewal by Anderson windows and sliding glass doors throughout the home and garage as well as insulation added to the roof. Outside is a low maintenance, desert landscaped yard. The yard is fully fenced and the walls are conveniently outfitted with electrical outlets. The home has Saltillo tile floors, vaulted ceilings, a fireplace, and a full house water filtration system.

2814 S Fossil Creek Lane Flagstaff, AZ 86001

$565,000
2 Beds
2 Baths
1,710 SqFt
Status Active
MLS # 6739279
Property Type Single Family Residence
Price Type --
Welcome home! This bright and cheery 3-bedroom, 2.5-bathroom home is fully furnished, boasting a thoughtful and cozi layout. The sunny living room welcomes you as you enter the home, with a comfortably sized powder room conveniently tucked away beneath the staircase. The dining room seamlessly combines with the kitchen, which features stainless steel appliances and a convenient breakfast bar for casual dining... The ample primary suite offers a peaceful escape with its well-appointed design-including plenty of room for a work station, treadmill or reading nook. A great feature of this home is the 2-car tandem garage, providing substantial space for your vehicles and additional storage needs. The backyard is surrounded by privacy fencing, complete with a paved patio area - perfect for ent

12825 S 209th Lane Buckeye, AZ 85326

$565,000 - 4Br/2Ba -  for Sale in Rainbow Valley, Buckeye
New
$565,000
4 Beds
2 Baths
1,983 SqFt
Status Active
MLS # 6778113
Property Type Single Family Residence
Price Type --
Welcome home to this fabulous 4-bedroom property showcasing gorgeous mountain views! Be welcomed by the charming front yard featuring paver pathways, lovely landscaping, basketball court, & 3-car side garage. The enchanting interior boasts vaulted ceilings, tile flooring, & recessed lighting throughout. The Spacious great room enjoys large windows, backyard access, &bay windows in the dining area. The eat-in kitchen comes with delightful granite counters, built-in appliances, breakfast bar, center island, plenty of hardwood cabinets w/crown mouldings. Double doors open to the main retreat; it is complete w/backyard access, soft carpet, barn door, & an ensuite w/dual sinks, separate shower & tub, & a walk-in closet. The vast backyard enjoys a relaxing covered patio. Don't miss it!

5497 S Joshua Tree Lane Gilbert, AZ 85298

$565,000
4 Beds
3 Baths
1,840 SqFt
Status Active
MLS # 6746360
Property Type Single Family Residence
Price Type --
Discover this impeccably maintained 4-bedroom, 3-bathroom home with an inviting open concept floor plan, nestled in the prestigious Bridge community. The updated kitchen features a natural gas oven/stove, a new microwave, a dishwasher, and a triple filtration system. This well-designed space seamlessly transitions into the dining and living areas, perfect for modern living. The extended garage offers ample space for large vehicles or additional storage. Professionally installed pavers adorn the side of the home, leading to a beautifully landscaped backyard. Enjoy a versatile outdoor area with a 16' x 2.5' planting bed, a 5' x 11' paved storage area, a covered patio, and a built-in gas hookup for your grill. Additional highlights include an owned water softener, stylish floating flooring in the master bedroom, a custom-designed screen door at the front entry, and a security system ready for reactivation. Experience the exceptional features of this home firsthand.

10535 W Country Club Trail Peoria, AZ 85383

$565,000 - 4Br/3Ba -  for Sale in Alta Vista Estates Unit 3, Peoria
New
$565,000
4 Beds
2.5 Baths
2,660 SqFt
Status Active
MLS # 6777448
Property Type Single Family Residence
Price Type --
Over a 1/4-acre lot with endless potential! No HOA! Brand-new 50-year metal roof and new windows for peace of mind. RV gate, RV parking, RV hookups, and EV charger—ready for any adventure! The low-maintenance yard with lush artificial turf stays green year-round without wasting water, complemented by fresh exterior paint. Inside, an open floor plan with natural light and tile flooring welcomes you. The kitchen shines with stainless appliances, white cabinetry, walk-in pantry, mosaic backsplash, and solid surface counters. The main bedroom includes a private ensuite and walk-in closet, while the loft is perfect as a home office or relaxation space. Out back, enjoy a covered patio, gazebo, spa, and detached workshop with power and AC for any hobby! Plus, Zoned for Liberty High School.

3211 E Kerry Lane Phoenix, AZ 85050

$565,000
4 Beds
2.5 Baths
1,880 SqFt
Status Active
MLS # 6758934
Property Type Single Family Residence
Price Type --
Nestled in a quiet cul-de-sac, this stunning 4-bed, 2.5-bath home offers the perfect blend of comfort and style. Enjoy the benefits of energy efficiency with Newly Leased solar panels. Relax in a Refreshing Pool at the end of your day or all weekend long! There are no neighbors behind to peer down at you. The sleek remodeled kitchen offers modern appliances, quartz countertops, and ample cabinetry, perfect for any home chef. Just minutes from Desert Ridge Shopping, Loop 101, and the Musical Instrument Museum. Fantastic location to get you anywhere in the Greater Metro area quickly.

2133 N Atwood -- Mesa, AZ 85207

$565,000
2 Beds
2 Baths
1,379 SqFt
Status Active
MLS # 6759727
Property Type Townhouse
Price Type --
Escape to your own Desert Oasis! This radiant 2 bed, 2 bath retreat in the coveted Mountain Bridge Community is ready to welcome you home. Built in 2017, this light-filled haven features a split floorplan, modern upgrades & abundant storage, including built-in garage cabinets. The kitchen is a chef's dream w/stainless steel appliances, generous pantry & ample counter space. The oversized laundry room & private grassy backyard backing to a scenic desert wash offer extra comfort. HOA covers roof & exterior paint making it a perfect lock-and-leave option. Mountain Bridge is an award-winning master-planned community w/extensive amenities- pools, fitness centers, tennis, pickleball & basketball courts, plus playground putting green. Bella Via adds its own private pool, spa, clubhouse & more!

8098 E Del Trigo -- Scottsdale, AZ 85258

$565,000
2 Beds
2 Baths
1,267 SqFt
Status Active
MLS # 6761491
Property Type Single Family Residence
Price Type --
Move in ready 2 bed, 2 bath detached patio home in Scottsdale's highly desirable McCormick Ranch. Great investment property or full/part-time residence. The 2 primary en-suites are located on opposite sides of the house for added privacy, and each have beautiful plantation shutters on large, picturesque windows. You will enjoy cooking in the bright kitchen with tile countertops and stainless-steel appliances which is open to a large family room with a fireplace and vaulted ceiling. Arizona's great weather can be experienced on your private backyard with tiled covered patio or simply head six houses down the street and enjoy the private community heated pool, spa and tennis/pickle ball courts. Fabulous location that is close to world-class shopping, restaurants and easy access to the 101.

3819 N Springfield Street Buckeye, AZ 85396

$565,000
3 Beds
2 Baths
2,036 SqFt
Status Active
MLS # 6764983
Property Type Single Family Residence
Price Type --
LOCATED IN HIGHLY DESIRABLE VERRADO, PRIDE OF OWNERSHIP, PARKING FOR 6 CARS! This Pulte Magnolia model features a cozy front porch, high-end turf in both front and backyard, expansive great room that opens to the gourmet kitchen w/island, breakfast bar, eat-in kitchen, formal dining room, staggered cabinets, Corian countertops, granite stone sink, wall oven, cooktop, black appliances, and a large pantry, the split master floor plan includes an oversized master suite, his/her closets, raised vanities w/double sinks, separate tub/shower, 2 large additional bedrooms, and full bath. The backyard boast of a covered patio, extended custom pavers designed for a park-like setting, built-in pergola makes this the perfect place for entertaining. The 2car garage includes high-end epoxy flooring, storage cabinets, an extended driveway with room to park 4 additional vehicles.

272 N 167th Lane Goodyear, AZ 85338

$565,000
4 Beds
3 Baths
2,735 SqFt
Status Active
MLS # 6767667
Property Type Single Family Residence
Price Type --
Welcome to your dream home in Canyon Trails! Nestled in a peaceful cul-de-sac, this 4-bedroom, 3-bathroom residence is loaded with premium upgrades. Step outside to your own slice of paradise, featuring a splash pad for endless summer fun and an outdoor kitchen perfect for al fresco dining and entertaining family and friends. The area directly behind your back fence boasts lush greenery, ensuring added privacy for your backyard. Enjoy the convenience of a full bedroom and bathroom on the main level, ideal for guests or multi-generational living. The extended garage provides ample space for your vehicles, while the built-in shelving offers extra storage and a dedicated workspace. Upstairs, the primary bedroom features a luxurious walk-in shower and two separate walk-in closets.

10521 E Hawk Avenue Mesa, AZ 85212

$565,000
3 Beds
2.5 Baths
2,104 SqFt
Status Active
MLS # 6767313
Property Type Single Family Residence
Price Type --
Beautiful residence in the esteemed Eastmark Community is the one! Lovely curb appeal with a well-maintained front yard and a 3-car garage. Be welcomed by an inviting foyer leading to the spacious living room enhanced with tall ceilings, pre-wired surround sound, and sleek wood-look tile flooring. The chef's kitchen is fully equipped with an electric cooktop, a wall oven, granite counters, a walk-in pantry, ample white cabinetry with crown molding, and an island with a breakfast bar. The primary retreat has plush carpeting, an immaculate ensuite, and a walk-in closet. Secondary bedrooms enjoy a Jack & Jill bathroom! The home's elegance extends outdoors to the tranquil backyard with a covered patio and pavers, great for relaxation. Make this gem yours today!

4925 W Buffalo Street Chandler, AZ 85226

$565,000
4 Beds
2 Baths
1,802 SqFt
Status Active
MLS # 6770215
Property Type Single Family Residence
Price Type --
You'll love to own this incredible 4-bedroom, 2 bath property, now for sale! Charming curb appeal with a low-care front yard and a 2-car garage. The interior features spacious formal living areas perfect for hosting and entertaining. Vaulted ceilings, soothing paint, kitchen is complete with SS appliances, ample counter space, Island and handy pantry. Primary bedroom features a full ensuite, separate tub and shower and a walk-in closet. The backyard invites you to relax and have fun with its covered patio and a fenced pool. Roof is 4 years old and AC unit only 2 years old. Awesome location! Less than a mile away from Intel. Surrounded by shopping, dinning and entertaining. No HOA on this gem! Hurry, this home won't last long

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