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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17646 W Running Deer Trail Surprise, AZ 85387

$499,995
3 Beds
2 Baths
2,220 SqFt
Status Active
MLS # 6636891
Property Type Single Family Residence
Price Type --
This home has 10' ceilings throughout. The center of the home boasts a large kitchen with a convenient center island and walk-in pantry, which flows into an open-concept dining nook and great room. This home has four bedrooms and 3 bathrooms. The owner's suite has a deluxe master bath shower and a walk-in closet. Additional options include: 2 car extended garage with plenty of storage, gourmet kitchen, soft water pre-plumb and great room slider

20076 W Montecito Avenue Litchfield Park, AZ 85340

$499,995
4 Beds
2.5 Baths
2,370 SqFt
Status Active
MLS # 6639833
Property Type Single Family Residence
Price Type --
Explore this impressive Raleigh home, ready for quick move-in on a homesite boasting driveway pavers and front yard landscaping. Included features: a welcoming covered porch; a bedroom and bathroom in lieu of a study and powder room; a gourmet kitchen offering a double oven, 42'' cabinets, stainless-steel appliances, quartz countertops, a walk-in pantry and a center island; an open dining area; a spacious great room; a lavish primary suite showcasing a generous walk-in closet and a private bath with cultured marble countertops; a convenient laundry; a storage area; a covered patio and a 2-car garage. This home also offers additional windows and ceiling fan prewiring in select rooms as well as airy 10' ceilings throughout.

17599 W Running Deer Trail Surprise, AZ 85387

$499,995
3 Beds
2 Baths
2,370 SqFt
Status Active
MLS # 6643918
Property Type Single Family Residence
Price Type --
You'll find plenty to love about the Raleigh plan! The center of the home boasts a large kitchen with a convenient center island and walk-in pantry, which flows into an open-concept dining nook and great room. This home has three bedrooms and 2 bathrooms, with the master suite W/I shower / drop-in tub combo. Additional options include: extended garage with plenty of storage, ten foot ceilings, gourmet kitchen and great room with multi slide door.

21472 N Elba Road Maricopa, AZ 85138

$499,995
4 Beds
3.5 Baths
2,500 SqFt
Status Active
MLS # 6666354
Property Type Single Family Residence
Price Type --
The ranch-style Cassandra plan showcases an open layout with a great room, a breakfast nook and a large kitchen that's ready to enjoy. The owner's suite is adjacent, and boasts a generous walk-in closet and an attached bath. Two additional bedrooms flank a full bath upon entry, and the nearby fourth bedroom and third bathroom give you all the space and comfort you'll need.

15794 W Mckinley Street Goodyear, AZ 85338

$499,995
4 Beds
2 Baths
2,265 SqFt
Status Active
MLS # 6694239
Property Type Single Family Residence
Price Type --
Gorgeous corner lot home with north/south exposure. This spacious open floor plan home includes 2,265 sqft. of open living space, 3 bedrooms + 1 den, 2 bathrooms, a split floor plan, tile on all common areas, wall to wall sliding glass door with power controlled blinds, a beautiful gourmet kitchen. The kitchen features dark espresso cabinetry, granite counters, tile backsplash, stainless appliances including a gas range and oversized kitchen island with plentiful breakfast bar seating. Walk into the master bathroom with a rain shower that you will never want to leave. Enjoy those mornings and evenings in your own backyard's small private oasis. This property is a MUST SEE!!!!

3935 E Rough Rider Road Phoenix, AZ 85050

$499,995
3 Beds
2.5 Baths
1,575 SqFt
Status Active
MLS # 6698733
Property Type Apartment
Price Type --
Welcome to luxury living in the heart of Desert Ridge! This might be the best location in this desirable gated enclave, featuring 3 full bedrooms, 2.5 baths, 2 car garage, granite counters, stainless steel appliances, soft water system and all appliances included! The stunning Villages at Aviano features incredible amenities! In addition to the heated pool and outdoor spaces within the complex, you also have full access to the award winning Aviano facilities featuring heated pool, spa, fitness center, weight room, tennis & basketball courts, rock wall and a more! Desert Ridge is the place to be! Over 30 restaurants within 5 min, world class shopping, highly rated schools, amazing parks and ample open spaces-the crown jewel of the North Valley!

3614 W Cobalt Court San Tan Valley, AZ 85144

$499,995
4 Beds
3 Baths
1,991 SqFt
Status Active
MLS # 6700066
Property Type Single Family Residence
Price Type --
This beautiful home was crafted for the way you live. The open-concept kitchen provides connectivity to the main living area with prime access to the outdoor patio. Embrace relaxation in the sun-filled great room that is bursting with natural light and is adjacent to the kitchen and casual dining area. A first-floor office provides the space to work from home. Don't miss this opportunity!

19589 W Jamestown Road Buckeye, AZ 85396

$499,995
3 Beds
2.5 Baths
2,400 SqFt
Status Active
MLS # 6648555
Property Type Single Family Residence
Price Type --
The heart of this floor plan is an open layout with a great room, a breakfast nook with center meet doors and a kitchen with a walk-in pantry and a center island. The owner's suite is adjacent, and showcases a generous walk-in closet and an attached bath with double sinks. . A private study, two bedrooms and a bath round out the residence.

18016 W Puget Avenue Waddell, AZ 85355

$499,995
3 Beds
3 Baths
1,870 SqFt
Status Active
MLS # 6661377
Property Type Single Family Residence
Price Type --
BEAUTIFUL MODEL HOME-Enjoy this ready to move in 3 Bedroom 3 Bath with Study popular Larimar floorplan that offers endless upgrades including 9' ft ceilings, quartz countertops throughout ,an open great room with center-meet slider doors, immaculate landscaped backyard with firepit and comes fully designer furnished. This is an Incredible Value & A Must See!!!!

19648 W Windsor Avenue Buckeye, AZ 85396

$499,995
4 Beds
3 Baths
2,070 SqFt
Status Active
MLS # 6622825
Property Type Single Family Residence
Price Type --
Explore this beautiful Slate home, ready for quick move-in on a homesite boasting driveway pavers and front yard landscaping. Included features: an inviting covered entry; an open dining area; an impressive kitchen offering 42'' cabinets, quartz countertops, stainless-steel appliances, a roomy pantry and a center island; a spacious great room; a lavish primary suite showcasing a generous walk-in closet and a private bath with cultured marble countertops; a 2nd bedroom with private bath and walk-in closet, a central laundry; a convenient storage area; a covered patio and a roomy 2-car garage. This home also offers stone tile flooring, ceiling fan prewiring and additional windows in select rooms.

3743 E Longhorn Drive Gilbert, AZ 85297

$499,995
4 Beds
2 Baths
1,656 SqFt
Status Active
MLS # 6694088
Property Type Single Family Residence
Price Type --
Stunning single-level home offering a blend of comfort, style, and entertainment. Step inside to discover updates throuhgout including new laminate flooring, new paint, and a wired surround sound system. The attic insulation was also redone, ensuring year-round comfort and efficency. The open floorplan flows right into the kitchen with granite countertops and dark stainless steel appliances. 4 spacious bedrooms can be found down the hall along with 2 updated / modern style bathrooms. Venture into the backyard to see the refreshing pool, perfect for cooling off during those warm AZ days. This home is nestled in an A+ school district and conveniently located near walking paths and the Gilbert Temple. Don't miss out!

5512 W Olney Avenue Laveen, AZ 85339

$499,990
4 Beds
3 Baths
2,150 SqFt
Status Active
MLS # 6703313
Property Type Single Family Residence
Price Type --
''Welcome to your dream home! Nestled on a spacious corner homesite, this charming single-story residence boasts comfort, style, and modern convenience at every turn. With 2,100 square feet of living space, this meticulously designed home offers ample room for relaxation and entertaining. As you approach, you'll be captivated by the inviting farmhouse exterior and charming front porch. The paver driveway leads you to a three-car garage, providing ample space for vehicles and storage. Step inside and be greeted by an abundance of natural light that illuminates the open-concept floor plan. The heart of the home is the expansive living area, featuring a stunning four-panel sliding door that seamlessly connects the indoor and outdoor spaces. Imagine hosting gatherings with loved ones or simply enjoying tranquil moments on the covered patio. The kitchen is sure to delight the chef in the family, with tall 42-inch cabinets, sleek hardware, and a beautiful backsplash that adds a touch of elegance. The white quartz countertops provide ample workspace, while the large island offers additional seating for casual meals or homework sessions. Equipped with top-of-the-line stainless steel appliances, including a gas range and built-in microwave, this kitchen is as functional as it is stylish. Adjacent to the kitchen, you'll find a versatile den, ideal for a home office, study, or playroom. Three spacious bedrooms offer comfort and privacy for family and guests, each featuring plush carpeting and ample closet space. The primary suite is a true retreat, boasting a luxurious ensuite bathroom with dual square sinks, upgraded fixtures, and a separate walk-in shower. Throughout the home, you'll appreciate the modern aesthetic of 12 by 24 plank tile flooring, offering durability and easy maintenance. Except for the bedrooms and den, this stylish flooring extends seamlessly throughout the living spaces, creating a cohesive and welcoming atmosphere.

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