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

2166 S 217th Lane Buckeye, AZ 85326

$584,900
4 Beds
2.5 Baths
3,523 SqFt
Status Active
MLS # 6729300
Property Type Single Family Residence
Price Type --
This spectacular two-story home is perfect for a large family with plenty of room to spread out! Enjoy New Paint outside, new carpet, a water softener, and OWNED solar panels for energy efficiency. Downstairs offers eat in kitchen to entertain your guests with ease. Upstairs boasts four spacious bedrooms with ample closet space. The master bedroom has French doors, walk-in closet and garden tub plus separate shower. Step outside to find your own private oasis complete with brand new sparkling pool, landscaping and views of the desert green belt! Plus there's an extended driveway, three car garage, RV gate and plenty of slab parking. This home is located conveniently close to shopping, restaurants, easy freeway access, hiking & more!

3131 N Central Avenue Unit 5022 Phoenix, AZ 85012

$584,900
2 Beds
2 Baths
1,125 SqFt
Status Active
MLS # 6420046
Property Type Apartment
Price Type --
*Construction completed* 5% BUYER INCENTIVE! Introducing Edison Midtown Phase 2 with 60 new construction condominiums. This spacious two bedroom condo offers ten ft. ceilings, an open floor plan, and large master bedroom with ensuite bathroom. Chefs kitchen offers expansive cabinetry, quartz countertops and stainless steel appliances including a gas range. Edison Midtown features incredible amenities for that perfect Urbanite lifestyle. A beautiful pool and lap pool, 2000 sq. ft. fitness center and lounge, and gated parking garage.

6078 E Southern Avenue Apache Junction, AZ 85119

$584,900
3 Beds
2 Baths
1,844 SqFt
Status Active
MLS # 6720211
Property Type Single Family Residence
Price Type --
Exceptional property nestled on an acre lot, perfect for horse lovers! Near the Superstition Mountains, this BEAUTIFULLY REMODELED home offers breathtaking views & a serene environment. Providing 3 beds, 2 baths, & a 2-car garage. Highly upgraded interior showcases fresh neutral paint, tons of natural light, and wood-look flooring w/carpet in bedrooms. If entertaining is on your mind, you'll love the spacious open layout adorned w/a cozy fireplace! The renewed kitchen boasts SS appliances, quartz counters, recessed & pendant lighting, white shaker cabinetry, and an island w/breakfast bar. Main bedroom has a spotless bathroom w/tiled step-in shower. Relax under the covered patio of your expansive backyard! Plenty of room for parking, gardens, and horse/animal facilities! Move-in ready

1300 W 7th Street Tempe, AZ 85281

$584,900
6 Beds
4 Baths
2,441 SqFt
Status Active
MLS # 6733783
Property Type Single Family Residence
Price Type --
**AMAZING 6bd/4bath HOME ON A HUGE LOT IN THE HEART OF TEMPE & NEAR ASU!** This is the perfect investment or rental property! Featuring: 2441 sq.ft of Living Space, Fresh Interior Paint, easily maintained Tile, Formal Living Room, Massive Family Room, Dining Area, Kitchen with Refinished Cabinets, Gas Stove, Refrigerator & Dishwasher, 6 Good Sized Bedrooms, 4 bathrooms (1 Newly Remodeled)+ A HUGE FLEX ROOM (potential 7th bedroom), Upgraded Dual Pane Windows, Custom Fans & AC is serviced regularly. Washer/Dryer & additional Refrigerator included. Flex Room at the back of the home also has separate entry. The Giant Family Room is perfect for a large game room/office/home theater and has 2 additional closets for extra storage. NO HOA, perfect for AIRBNB, Rental or a Large Family Home! This home is perched on almost a 10,000sf lot and has and additional storage shed on a slab in the backyard that provides tons of extra storage space. Your extended driveway has enough slab spaces in the front to park at least 7 cars. Location is walking distance from Mill Ave shops and restaurants/entertainment + ASU! This is a must see property!!!

4245 S Boulder Street Gilbert, AZ 85297

$584,900 - 5Br/3Ba -  for Sale in Villages At Val Vista Phase 2, Gilbert
Open House
$584,900
5 Beds
3 Baths
2,402 SqFt
Status Active
MLS # 6727334
Property Type Single Family Residence
Price Type --
This beautiful 5-bedroom, 3-bath, 2-story home features new carpet in the bedrooms and fresh interior paint throughout, creating a welcoming ambiance. The open kitchen and living area boast stainless steel appliances, including a dishwasher, microwave, and range, perfect for modern living. Upstairs, you'll find a spacious loft and additional bedrooms, providing ample space for family and guests.

2620 Nelson Lane Chino Valley, AZ 86323

$584,335 - 3Br/2Ba -  for Sale in Final Plat For Heritage Pointe Phs 2,3&4, Chino Valley
Open House
$584,335
3 Beds
2 Baths
2,076 SqFt
Status Active
MLS # 6776580
Property Type Single Family Residence
Price Type --
AVAILABLE NOW I Move-In Ready on a 1 Acre Lot! Welcome to Arizona's High Desert, a luxurious neighborhood offering a unique experience for those seeking spacious living and a love for the outdoors! Situated on 1-acre homesites, our community is designed to provide ample space and privacy while enjoying the cooler desert climate. Heritage Pointe offers 7 distinct floorplans, modern amenities, open-concept layouts with designer finishes. For those enjoying travel, opt for a floorplan that includes an RV Garage! You won't want to miss out; plan a visit with us today.

4170 Apache Drive Happy Jack, AZ 86024

$584,000
2 Beds
2 Baths
1,605 SqFt
Status Active
MLS # 6722854
Property Type Single Family Residence
Price Type --
This charming single-family home is the perfect place to call your own. With 2 bedrooms, 2 bathrooms, and a spacious floor plan, this property offers all the space and comfort you need. Step inside and be greeted by the warm knotty pine doors and baseboard, wood trim around all dual pane windows, giving the home a cozy and rustic feel. The vaulted ceiling adds to the open and airy atmosphere, while the vinyl plank flooring and newer carpet upstairs add a touch of modern elegance. The remodeled kitchen is a true centerpiece, featuring designer copper drawer pulls, granite countertops, and a countersunk sink. Whether you're cooking a gourmet meal or grabbing a quick bite, this kitchen is sure to impress. The master bedroom is a true retreat, complete with a sitting area, oversized reach-in closets, and walk out balcony covered for privacy with your morning coffee. levelor cordless up down blinds throughout as well as honeycomb blinds on the french door. The remodeled bathrooms offer copper sinks, granite counters, and a luxurious jetted tub perfect for relaxing at the end of a long day. Outside, you'll find 3 large covered porches for added outdoor living space, ideal for enjoying the pleasant Arizona weather. The fenced-in dog run is perfect for pet owners, while the raised garden area allows you to exercise your green thumb. Additional features of this property include a tuff shed for extra storage, a 2-car detached garage, and mature trees that provide shade and privacy. The exterior paint is less than 3 years old, giving the home a fresh and inviting look, upgraded porch lights add the perfect finishing touches. Not only is this home beautifully appointed, but it is also surrounded by desirable forest trails for hiking and biking, lakes for fishing and Blue Ridge Reservoir for the kayakers. This home comes furnished and is turn key ready for you to move in. Don't miss out on this incredible opportunity to own a piece of Happy Jack. Contact us today to make this dream home yours.

10439 W Cashman Drive Peoria, AZ 85383

$584,000
5 Beds
3 Baths
3,098 SqFt
Status Active
MLS # 6732281
Property Type Single Family Residence
Price Type --
5BR/3BA WITH 3,098 SF LOCATED IN THE GORGEOUS COMMUNITY OF CASA DEL REY AT CAMINO A LAGO! GOURMET KITCHEN WITH UPGRADED CABINETS, PANTRY, BREAKFAST BAR & GRANITE COUTERTOPS. NEWER PAINT & LVT FLOORING THROUGHOUT HOME. SEPARATE LIVING & DINING AREA PROVIDES PLENTY OF SPACE TO RELAX. STONE FIREPLACE IN THE LIVING ROOM MAKES THIS THE FAVORITE GATHERING PLACE FOR ENTERTAINING. LARGE PRIMARY SUITE WITH SITTING AREA, DOUBLE VANITY, GLASS SHOWER & SEPARATE SOAKING TUB. ONE GUEST BEDROOM & FULL BATH DOWNSTAIRS. ELECTRIC VEHICLE NEMA 14-50 AVAILABLE IN GARAGE. BOTH AC UNITS PURCHASED JAN 2021 W/10 YR WARRANTY. WATER HEATER PURCHASED JUN 2021. GUTTERS INSTALLED WITH BIRD/PIGEON PROTECTION WIRE ON EVES. SUN SCREENS INCLUDED ON WINDOWS. EASY ACCESS TO LAKE PLEASANT, SHOPPING, RESTAURANTS & SCHOOLS.

1247 E Marketplace Way Phoenix, AZ 85048

$584,000
3 Beds
3 Baths
1,809 SqFt
Status Active
MLS # 6704331
Property Type Single Family Residence
Price Type --
WOW!! Priced Below Comparable sales! Hard to find Lot!! 3 bedroom 3 full baths. This home has 2 master suites. Huge nearly a quarter acre lot with massive pool and spa. Single family detached home is all on one level on a cul-de-sac with lots of natural light boasting soaring ceilings. ALL NEW STAINLESS APPLIANCES INSTALLED! Recently upgraded Kitchen Cabinets. 2nd HVAC unit for Garage. Located in one of the most coveted areas in Ahwatukee in the heart of the Foothills. The lot sits above the homes behind it giving it that much more privacy and resort feel. Great views of the the Foothills golf course. Excellent Montessori School within Kyrene School District. Hot water heater replaced in 2023 Trane HVAC Pool RePlastered in 2019 New pool Filter and pump 202

16873 W Fetlock Trail Surprise, AZ 85387

$583,997
5 Beds
3 Baths
3,241 SqFt
Status Active
MLS # 6766532
Property Type Single Family Residence
Price Type --
On the hunt for a new home? Here's a gorgeous and completed home in the heart of Sunrise. Don't wait for the builder - move in ready now! Very spacious Wrightson plan. This home is gorgeous and perfect for buyers looking for a highly upgraded kitchen and a large lot with 900 sq ft of gorgeous pavers waiting for you to entertain. Buyers spared no expense with the upgrades in the home - Soft closing drawers, smart ceiling fans, faux wood blinds, oversized pantry, coffee station option added, smart home technology, stone front elevation, double sized patio, double glass sliding doors, just to name a few. Assumable FHA current loan if buyer can meet the loan qualifications required to assume. This floorplan is no longer available, and home is almost new - don't miss out!

22693 E Saddle Way Queen Creek, AZ 85142

$583,990
4 Beds
3.5 Baths
2,623 SqFt
Status Active
MLS # 6740821
Property Type Single Family Residence
Price Type --
**This is a TO-BE-BUILT LISTING, this home is ready for personalization and can be built on your choice of homesite. This is an advertisement of our base price for this elevation and lot premiums may apply** Welcome to Ashton Woods newest community in Queen Creek - Madera Marquis - which features outstanding community amenities and convenient access to the 24 freeway and shopping. The open concept Jade plan features 3-car tandem garage, butler's pantry at the kitchen, 4 bedrooms and 3.5 baths, formal dining room with structural option to add a separate den, 12 ft slider and more! This home includes an open concept kitchen with granite countertops, 42'' upper cabinets, and stainless steel appliances. Amazing spa like primary suite with dual vanities and ample linen storage. This floorplan is accompanied by sizable secondary bedrooms and comes standard with 10' ceilings, front yard landscaping, paver driveway, dual sinks at primary bath, and much more! ~There is a minimum option spend requirement on new build homes, please reach out to the sales office for additional details.~

3757 S Hibiscus -- Mesa, AZ 85212

$583,945
4 Beds
2 Baths
1,832 SqFt
Status Active
MLS # 6664611
Property Type Single Family Residence
Price Type --
MLS#6664611 Ready Now! Welcome to The Edmonton at Hawes Crossing, a charming single-story abode showcasing 4 bedrooms, 2 baths, a 2-car garage, and two dining areas. Upon arrival, the foyer effortlessly guides you to the dining and kitchen space, providing ample room for culinary delights. Step into an open and inviting casual dining and great room area, seamlessly connecting to the outdoor living space and backyard, perfect for hosting gatherings. The spacious primary suite boasts a private bathroom with double sinks and a walk-in closet, ensuring comfort and convenience. Structural options include: 8 ft interior doors, pavers front porch, driveway and entry walks, garage service door, extended owner's suite, soft water loop, and gas line for future outdoor kitchen.

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