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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26580 E Tarantula Trail Camp Verde, AZ 86322

$495,000
2 Beds
2 Baths
1,165 SqFt
Status Active
MLS # 6682563
Property Type Single Family Residence
Price Type --
You are going to LOVE IT here. Call it home or make it the perfect Air B&B! This home has so much character, EPIC views & sits on 3 acres creating your own private, hillside getaway. The views are spectacular. A great entryway leads to a kitchen like you have never seen. High end appliances include 5 burner gas stove, built-in hutch & large Frig with bottom freezer. Add a kitchen island or table, there is plenty of room. BUILT WITH LOVE & attention to detail. Hand hewn beams, walls & ceilings are highlights but don't overshadow stone detail. This home tells a story, like the bowling alley floor made beautiful counters or the brands & carvings hidden in so many places like hidden treasures. Living room boasts a beautiful stone fireplace & wood beam ceilings & a ceiling fan with.... tooled leather accent. A fantastic use of space with 1 bed/bath on the main floor & a unique spiral staircase leading to the downstairs bed/bath (lower floor could have a separate entrance through the storage/shop area. Radiant heat & 2-40 gallon water heaters. Small things/finish work is needed but what needs to be done is handyman work. Easy access just off of the I17. There is so much to see & do: Hiking at General Crooks Trail, Cliff Castle Casino, Out of Africa, Museums & Ruins, Montezuma's Castle, Jeep Tours Verde Vally Railroad, Verde River Tours, Jeep Tours & so many Wineries! This town is rich in history & growing fast.

42710 W Us 60 Highway Morristown, AZ 85342

$495,000
1 Bed
1 Bath
458 SqFt
Status Active
MLS # 6656941
Property Type Manufactured Home
Price Type --
Amazing views for miles and miles! Come and live your dreams at this wonderful New Horse Ranch, one bedroom, one bath tiny house on 3.5 acres. 5 covered horse pens, and five pastures. RV hook up and plenty of room for your dreams. Stackable laundry inside.

235 N 156 Drive Goodyear, AZ 85338

$495,000
4 Beds
3 Baths
2,040 SqFt
Status Active
MLS # 6602375
Property Type Single Family Residence
Price Type --
Investors Only. Home is leased until February of 2025. One of the standout features of this home is the beautifully landscaped backyard, providing a peaceful oasis for relaxation or outdoor gatherings. Whether you're hosting a barbecue or simply enjoying a quiet evening under the stars, this backyard is sure to become your personal sanctuary. This home also comes complete with all the appliances you need - refrigerator, washer, and dryer are included, making your move-in experience effortless and stress-free. Location-wise, this property has it all! Situated just minutes away from the I-10 highway and the Goodyear airport, it offers easy access for both work and travel. Golf enthusiasts will appreciate the proximity to several renowned golf courses, while movie buffs can enjoy the convenience of a nearby theater. For all your shopping needs, a variety of retail centers are just a short drive away. Additionally, this neighborhood is in close proximity to the City of Hope cancer center, providing peace of mind and support for those in need. Nature enthusiasts will love the abundance of hiking trails and outdoor activities available in the surrounding area. Don't miss out on the opportunity to make this extraordinary house your new home. It offers a delightful blend of modern amenities, a convenient location, and a welcoming community. Contact your favorite agent today for a private tour and experience the magic of this property for yourself!

7844 E Meseto Avenue Mesa, AZ 85209

$495,000
3 Beds
2 Baths
2,128 SqFt
Status Active
MLS # 6700241
Property Type Single Family Residence
Price Type --
Beautifully updated home in the active 55+ community of Sunland Village East! The desirable Model 215 with 2,128sf has 3 bedrooms and 2 baths. As you enter through the front door you will notice the beautiful Tile floor that is throughout the whole home!! The spacious dining/living room has plenty of room for entertaining! The open kitchen has a large island, Granite counters, Stainless Steel Appliances, Pull-Out Drawers, and ALL the Kitchen Cabinets as well as the Bathrooms and Hall Cabinet were just resurfaced and painted April 2024! Primary bathroom has a NEW Walk-in Shower! Inside laundry room has newer (8/2021) GE Front Load Washer & Dryer, 50 gallon Water Heater in 11/2021 & a hot water recirculating pump was added for instant hot water! Backyard has a covered patio as well as a screened in patio!! There are ceiling fans throughout the home. NEW ROOF 4/2023 - INSTALLING 2 LAYER #40LB UNDERLAYMENT and NEW TILE BATONS over all house roof. Replaced broken tiles and coated back patio roof with Elastomeric roof coating! The 2-car garage has cabinets, work bench and window AC unit. ENJOY ALL the amenities offered including Golf, Tennis, Swimming Pools, Fitness Center, Pickleball, Library, Woodshop and so much more!! Don't Miss This One!!

18217 W Cedarwood Lane Goodyear, AZ 85338

$495,000
2 Beds
2 Baths
1,891 SqFt
Status Active
MLS # 6687325
Property Type Single Family Residence
Price Type --
Welcome to this beautifully upgraded Cadence floor plan in the lake-inspired Active Adult community of CantaMia! This stunning property offers not only an open living space with no carpet but also a lifestyle filled with excitement and endless possibilities. As you enter through the front gate, you're greeted by a sprawling courtyard, perfect for entertaining or simply enjoying the outdoors. Inside, the kitchen is a chef's dream with granite countertops, matching backsplash, stainless steel appliances, and a large kitchen island also serving as a breakfast bar. The primary bedroom is a sanctuary featuring an oversized closet, granite counters, and a luxurious tiled walk-in super shower with a built-in bench. Flexibility is key with a versatile room complete with French doors located off the great room that can be used as a den, office, or guest room. Outside, the fully enclosed backyard offers privacy with block fencing and the added bonus of no homes behind, thanks to state-owned land. Enjoy the pomegranate, lemon, and orange trees, which add a touch of nature's bounty to the property. Plus, there is a wash across the street that enhances the sense of space and tranquility, keeping neighboring homes at a distance. Additional highlights include new plantation shutters, an oversized laundry room, a three-car split garage, water softener, and the convenience that all appliances convey. Don't forget about CantaMia's array of amenities. From heated pools and hot tubs to pickleball courts and billiards, there's something for everyone. Engage in card clubs, explore your creative side in the art studio, or stay connected in the IT center. With a 29,000 sq ft village center, fitness facilities, and a charming café, resort-style living is at your fingertips. Don't miss the opportunity to immerse yourself in the amazing lifestyle that CantaMia at Estrella has to offer. Come and experience the pinnacle of active adult living, where every moment is infused with excitement and possibility.

42276 W Chisholm Drive Maricopa, AZ 85138

$495,000
3 Beds
2 Baths
2,311 SqFt
Status Active
MLS # 6609956
Property Type Single Family Residence
Price Type --
This golf course home with a private pool could be yours! This 3-bed, 2-bath residence offers modern comfort. A 2-car garage and low-maintenance desert landscape frame the front porch. Inside, a welcoming living room leads to a great room with vaulted ceilings, plantation shutters, wood-look and tile flooring, and backyard access. The kitchen features granite counters, stylish cabinets, a mosaic tile backsplash, stainless steel appliances, a walk-in pantry, and a breakfast bar island. A versatile den adds flexibility. The main bedroom includes plush carpeting, a walk-in closet, and an ensuite with dual sinks. Outdoors, enjoy a covered patio, a pool, and a stunning golf course view. Don't miss out—make it yours today!

807 E Glendale Avenue Phoenix, AZ 85020

$495,000
3 Beds
1 Bath
1,500 SqFt
Status Active
MLS # 6653803
Property Type Single Family Residence
Price Type --
This is the one you've been searching for! Discover a charming 3-bed, 1-bath residence featuring an expansive paver driveway and a welcoming front porch. The inviting living room showcases a soothing palette and stylish wood-look flooring. Gather loved ones in the family, boasting recessed lighting and French doors leading to the backyard. The kitchen is equipped with white shaker cabinets, a handy pantry, built-in appliances, and a serving window with a breakfast bar. Relax in the backyard, offering a covered patio, a useful storage shed, convenient alley access, and ample space to craft your own private oasis. Ideal location a few minutes away from bus stops, restaurants, and shopping options. Don't miss out on this fantastic opportunity!

8745 E Fairbrook Street Mesa, AZ 85207

$495,000
3 Beds
2.5 Baths
1,808 SqFt
Status Active
MLS # 6653424
Property Type Single Family Residence
Price Type --
This beautiful two-story home features vaulted ceilings and large windows, offering stunning mountain views. It includes efficient ceiling fans and 2-inch blinds throughout. The entry opens to a vaulted formal living area, leading to upstairs bedrooms. The master bedroom boasts a spacious en suite with dual sinks and a large walk-in closet. The open-plan ground floor connects the family room, dining area, and kitchen, leading to a covered patio. The kitchen is equipped with modern stainless steel appliances, including a gas stove and dishwasher. Living areas are tiled, while stairs and bedrooms are carpeted for comfort. Outside, a landscaped backyard with grass, hibiscus, and a sprinkler system complements the easy-care front rock garden. Located near a private park, close to the 202 fw

16454 W Sandia Park Drive Surprise, AZ 85374

$495,000
2 Beds
2 Baths
1,870 SqFt
Status Active
MLS # 6675317
Property Type Single Family Residence
Price Type --
This PALO VERDE split floorplan with 2 bedrooms and a den, has been extended to include bay windows in the breakfast nook and primary bedroom. Before you enter this well-maintained home, you will be greeted with a beautifully designed courtyard with a seating area and lighting for enjoying the beautiful Arizona evenings. Inside, you will see an open living room and kitchen with stainless steel appliances and granite countertops. Your eyes will be drawn to the beautiful crown molding in the main areas. Ceiling fans in every room and 3 solar tubes have been added to allow more natural light in. Custom plantation shutters throughout, tile floors in all common areas with upgraded carpeting in the bedrooms. The expanded back patio is perfect for morning coffee or entertaining, featuring a built-in gas grill, shaded by an extended roof. There are several seating areas with a large motorized awning and ceiling fans to keep you cooler on those warm sunny days. On cooler evenings you can enjoy the hot tub and beautiful sunsets. There is a whole-home water filtration system and water softener. The gas hot water heater and HVAC were replaced in 2022. The garage has loads of built-in cabinets, providing ample space for storage, and a drive-up golf cart storage area. The Grand provides residents an active close-knit community with resort-style amenities that include four 18-hole golf courses, 3 restaurants, state of the art fitness center, day spa, 4 outdoor pools, indoor pool, card rooms, multi-purpose trails, tennis, pickleball & bocce courts, softball field, fishing lake, many social clubs & activities.

2254 W Charter Oak Road Phoenix, AZ 85029

$495,000
4 Beds
2 Baths
1,606 SqFt
Status Active
MLS # 6663983
Property Type Single Family Residence
Price Type --
No HOA! Corner lot house full of upgrades with a beautiful backyard ready for its new owner. This home has a beautiful modern kitchen with quartz countertops and open floor plan that provides the perfect entertainment space. Low maintenance laminate flooring all around the house, artificial turf and pool deck installed to provide cool entertainment space in the backyard. This has been used as a successful short term rental with multiple 5 star reviews and everything will convey with the property

15586 W Whitton Avenue Goodyear, AZ 85395

$495,000
2 Beds
2 Baths
2,154 SqFt
Status Active
MLS # 6673835
Property Type Single Family Residence
Price Type --
Now here's a rare deal. For only $495K you get over 2100sq ft and on the golf course. However, the home needs updating, but at this price who cares. Located on the 5th hole of Eagles Nest, this home features 2 beds, 2 baths, office, formal living and dining, plus family room, kitchen and breakfast area. This plan allows you to take down the non load bearing walls in the living area to create your own open concept arrangement. The exterior has excellent curb appeal. Don't miss out.

2425 W Bronco Butte Trail Phoenix, AZ 85085

$495,000
2 Beds
2 Baths
1,662 SqFt
Status Active
MLS # 6686312
Property Type Apartment
Price Type --
Absolutely stunning, highly upgraded condo in beautiful gated Desert Village at Sonoran Foothills. Prime location in the center of the complex, this gorgeous home has a spacious, peaceful covered patio and is located just steps from the sparkling community pool & clubhouse offering lots of recreation. Home is very open w/ lots of natural light, 9 ft ceilings, beautiful wood-look plank tile floors. Comfortable, inviting family room w/ stacked stone fireplace. Elegant, spacious kitchen, rich granite counters, gleaming SS appliances, gas range, custom tile backsplash. Large primary suite, plush carpeting, stunning primary bath w/ large glass & tile shower, huge closet. Secondary bedroom very large, den serves as ideal home office. Large inside laundry plus spacious 2 car garage. Don't miss! Spacious den is currently serving as home office, but could easily serve as a great third bedroom. Great views of the nearby community pool from the primary bedroom and from the large, comfortable patio. Nearby Sonoran Hills Community Park offers even MORE opportunities for recreation, and features a large clubhouse, workout facility, refreshing pool, tennis courts, basketball court, ramadas, BBQ facilities, and scenic park. A truly beautiful home in an ideal location offering an active, enjoyable lifestyle. Don't miss the chance to see this home!

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