Instant Reaction: March Housing Starts

The 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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16005 N 32nd Street Phoenix, AZ 85032

$17,000

1 Bed

1 Bath

800 SqFt

Status Active

MLS # 6635032

Property Type Manufactured Home

Price Type --

Seller Financing Available! This one bedroom, one bath is located within the 55+ age restricted community of Paradise Valley Ranch. Freshly painted, this home features central AC and heat, gas cooking and all appliances including W/D. It features two extended covered carports offering privacy and shade. Located at Paradise Valley Ranch 55+ Community operated by Treehouse Communities. Community amenities include, pool, spa, fitness, recreation center, outdoor dining and laundry. The lots are spacious and private.

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425 E Mckellips Road Mesa, AZ 85203

$17,000

2 Beds

1 Bath

720 SqFt

Status Active

MLS # 6658266

Property Type Manufactured Home

Price Type --

Welcome to a life of comfort and serenity in this charming 2-bedroom, 1-bath mobile home nestled within the heart of the La Casita Community in Mesa! This inviting mobile home is perfect for both practicality and relaxation. Boasting two cozy bedrooms and a well-appointed bathroom, it provides just the right amount of space for a comfortable and manageable lifestyle!

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9421 E Apache Trail Mesa, AZ 85207

$15,000

1 Bed

1 Bath

672 SqFt

Status Active

MLS # 6662675

Property Type Manufactured Home

Price Type --

Economical 1bed/1bath home located is 55+ Desert Valley Oasis. Spacious Living Room with Eat In Kitchen Counter space. Spacious Kitchen with plenty of cabinet space for dining. Gas Stove and Oven. Appliances Included. Many Updates Including NEW AC and ROOF 2020, New Flooring 2021, New Awning 2023. Large FENCED lot. Storage Shed includes Washer & Dryer. Easy Commute To Shopping, Entertainment, and Freeways. Seller Is Motivated!

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425 E Mckellips Road Mesa, AZ 85203

$15,000

2 Beds

1 Bath

784 SqFt

Status Active

MLS # 6668136

Property Type Manufactured Home

Price Type --

Charming mobile home in an adult community. Well cared for and maintained home. Newer plumbing, metal roof with coating with lots of life left. Nice big deck with a car port and a storage shed out back. FENCED in back yard great for pets~!

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