Builder Confidence Hits 11-Year High

In many areas of the country, there are not enough homes for sale to satisfy the number of buyers looking to purchase their dream homes. Experts have long proposed that a ramp-up in new, single-family home construction would be one of the many ways to overcome this inventory shortage.

According to a recent survey conducted by the National Association of Home Builders (NAHB) and Wells Fargo, housing market confidence amongst builders reached an 11-year high last month.

What Does High Confidence Mean for the Housing Market?

In a recent interview, Rob Dietz, Chief Economist and SVP for NAHB, put it this way:

“Higher market confidence will translate into more building and more inventory in 2017. We expect single-family construction to grow 10 percent next year.”

With 2016 marking the best year in real estate sales in over a decade, a 10 percent ramp-up in single-family construction will only aid in making 2017 an even greater year.

According to the latest US Census data, sales of newly constructed homes were up 3.7% over January 2016 as they reached a seasonally adjusted annual rate of 555,000. Dietz went on to comment:

“We can expect further growth in new home sales throughout the year, spurred on by employment gains and a rise in household formations. As the supply of existing homes remains tight, more consumers will turn to new construction.”

Bottom Line

With the weather and the real estate market heating up this spring, there will be a surge of new construction coming to the market soon.  If you’re looking for a new build home, give me a call – J.P. Cook – 602-320-4253.

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Sort by: Select Price, Low to High Price, High to Low Newer Listings First Older Listings First Open House Date

1783 E Mulberry -- Prescott Valley, AZ 86314

$459,000

2 Beds

2 Baths

1,896 SqFt

Status Active

MLS # 6644241

Property Type Single Family Residence

Price Type --

Outstanding home in desirable 55+/Victorian Estates, Gated Community, providing a Quiet, Peaceful, Safe location with easy access to all shopping, entertainment, hospitals, doctors, etc. Here is a 1896 Square Foot/One level with 2 spacious Bedrooms, 2 Bathrooms, 2 Car Garage + Den & large Family Room/Media Room/Flex Room (Potential 3rd Bedroom), GREAT ROOM Concept, 2 Tone Paint, Crown Molding, Ceiling Fans, Wood Blinds, Wood Plank Tile, & Newer Carpet. Kitchen was upgraded in 2016 with Antique White Cabinetry, Dovetailed Drawers, GRANITE Countertops, Tile Backsplash, 2019 Stainless Steel Appliances (Including Fridge), built-in Pantry, & built-in China Hutch. Master is Spacious with His/Her Walk-In Closets, Dual Sinks under GRANITE Countertops, Full Tub with tile surround, & separate Shower with Glass Doors. Home also has Large Utility room w/Upper Cupboards w/(Washer/Dryer) Conveying. Has large Open Patio, Fenced Dog Run area for small dogs, Attic Storage, Security System, Security Screen Door, & is Walking Distance to Clubhouse & Pool.

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5363 E Santa Clara Drive San Tan Valley, AZ 85140

$459,000

4 Beds

2.5 Baths

2,222 SqFt

Status Active

MLS # 6658040

Property Type Single Family Residence

Price Type --

NO HOA! Situated on a corner lot that is almost a quarter acre, this stunning 4-bedroom, 2.5-bathroom home features a 2-car garage, a side-entry RV gate with RV hookup, 10ft entrance gate, and elegant stone details. Spacious great room with 12ft ceilings, recessed lighting, and stylish wood-look floors. The gourmet kitchen boasts granite countertops, white shaker cabinets, stainless steel appliances, subway tile backsplash, a pantry, and an island with a breakfast bar. The primary suite offers backyard access, a walk-in closet, and an en-suite with dual sinks. Enjoy a water softener system, a backyard oasis with a full-length covered patio, built-in BBQ, water feature, and lush turf. This home features a dual HVAC with a split system and a water softener system.

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3710 S 180th Lane Goodyear, AZ 85338

Open House

$459,000

3 Beds

3 Baths

1,955 SqFt

Status Active

MLS # 6691888

Property Type Single Family Residence

Price Type --

Welcome home to this energy efficient single story home in Las Brisas, Goodyear! A very spacious open concept allows plenty of room for entertaining. With granite counters, a large kitchen island and finished back yard with turf the inside and outside merge seamlessly. The 3 large bedrooms and 3 full bathrooms mean that everyone has their own space to get ready. The three car tandem garage makes way for all your cars and extras. The solar on this home is a steal with a low monthly payment to own, keeping you cool in the summer at a minimal cost!

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20395 N Shadow Mountain Drive Surprise, AZ 85374

Open House

$459,000

2 Beds

2 Baths

1,598 SqFt

Status Active

MLS # 6691261

Property Type Single Family Residence

Price Type --

Welcome to your NEWLY UPDATED, OPEN CONCEPT home! This spacious home boosts new INTERIOR PAINT, new SHUTTERS throughout, new LVP flooring, new SHAKER cabinets and new QUARTZ counters in the kitchen, and a brand new A/C and FURNACE system! The Living area offers a dedicated space for a desk or sitting room. The Kitchen is a chef's dream! Stepping outside onto your large backyard patio, complete with a Built in BBQ and large covered area, you have plenty of shade and sun! This home is truly a MUST SEE!

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