New Construction Prices Could be Rising

If you are thinking about building a home in the near future you could be looking at rising base prices.  Here is a recent post from Micheal Orr, from the Cromford Report and ASU about lumber prices:

The Commerce Department announced duties of up to 24% on softwood lumber imported from Canada. The tariffs will range from 3% to 24% on the 5 major producers and 20% on all others. 28% of all softwood used in home building in the USA is imported from Canada. This had been expected and lumber prices were already up by 30% over last year. This will add to cost pressures on home builders who are already struggling with the increased costs of land and labor. They will have great motivation to increase list prices if the market allows them to. At the moment the disparity between supply and demand suggests they will have enough pricing power to respond, but this will of course be bad news for new home buyers in the second half of 2017 and in 2018.

If new construction pricing is making you reconsider building check out these resale homes under $1,000,000 currently available in North Scottsdale

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8300 E Dixileta Drive, Scottsdale 85266, Sincuidados Unit Three

  • $1,250,000
  • Bedrooms: 3, Baths: 3.5
  • Home size: 4,317
  • Lot size: 48,291
  • Year built: 2002
  • MLS #: 5777284
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28901 N 114th Street, Scottsdale 85262, Goldie Brown Pinnacle Peak

  • $3,700,000
  • Bedrooms: 6, Baths: 7
  • Home size: 9,819
  • Lot size: 190,479
  • Year built: 2002
  • MLS #: 5752166
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9906 E Cactus Trail, Scottsdale 85255, Windgate Ranch

  • $899,900
  • Bedrooms: 4, Baths: 2.5
  • Home size: 3,218
  • Lot size: 6,919
  • Year built: 2008
  • MLS #: 5770414
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20242 N 83rd Place, Scottsdale 85255, Grayhawk Parcel 3D

  • $1,050,000
  • Bedrooms: 3, Baths: 2.5
  • Home size: 3,738
  • Lot size: 11,806
  • Year built: 1997
  • MLS #: 5769852
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138XX E Cavedale Drive, Scottsdale 85262, No Hoa!

  • $550,000
  • Bedrooms: 2, Baths: 2.5
  • Home size: 2,716
  • Lot size: 43,615
  • Year built: 2018
  • MLS #: 5780028
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19777 N 76th Street, Scottsdale 85255, Venu at Grayhawk

  • $267,500
  • Bedrooms: 2, Baths: 2.5
  • Home size: 1,273
  • Lot size: 63
  • Year built: 2000
  • MLS #: 5753296
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9280 E Thompson Peak Parkway, Scottsdale 85255, Tapadero AT DC Ranch

  • $819,900
  • Bedrooms: 2, Baths: 2.5
  • Home size: 2,632
  • Lot size: 1
  • Year built: 1998
  • MLS #: 5759898
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9525 E Mark Lane, Scottsdale 85262, The Monument Fairways AT Troon North

  • $1,250,000
  • Bedrooms: 4, Baths: 3.5
  • Home size: 3,799
  • Lot size: 18,261
  • Year built: 2016
  • MLS #: 5779563
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20019 N 95th Street, Scottsdale 85255, LA Strada

  • $1,399,999
  • Bedrooms: 5, Baths: 5.5
  • Home size: 5,337
  • Lot size: 35,561
  • Year built: 2001
  • MLS #: 5782217
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6025 E Hassayampa Circle, Scottsdale 85266, Carefree 60

  • $534,900
  • Bedrooms: 2, Baths: 2.5
  • Home size: 2,479
  • Lot size: 6,827
  • Year built: 2016
  • MLS #: 5728336
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29881 N 77th Place, Scottsdale 85266, Las Piedras

  • $649,900
  • Bedrooms: 3, Baths: 2.5
  • Home size: 3,051
  • Lot size: 27,703
  • Year built: 1994
  • MLS #: 5759773
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18094 N 100th Street, Scottsdale 85255, Windgate Ranch

  • $1,295,000
  • Bedrooms: 4, Baths: 4.5
  • Home size: 4,539
  • Lot size: 13,297
  • Year built: 2007
  • MLS #: 5738650
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14128 E Gloria Lane, Scottsdale 85262, Sunrise Desert Vista

  • $630,000
  • Bedrooms: 4, Baths: 4
  • Home size: 3,316
  • Lot size: 72,602
  • Year built: 2003
  • MLS #: 5778470
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14956 N 114th Place, Scottsdale 85255, Mcdowell Mountain Ranch Parcel X

  • $599,900
  • Bedrooms: 2, Baths: 2
  • Home size: 1,792
  • Lot size: 10,576
  • Year built: 2000
  • MLS #: 5776997
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33431 N 64th Place, Scottsdale 85266, Parcel N Unit 2 AT Terravita

  • $899,900
  • Bedrooms: 4, Baths: 4.5
  • Home size: 4,200
  • Lot size: 17,867
  • Year built: 1997
  • MLS #: 5768456
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ARMLS Listing Data last updated 6/19/2018 7:04 AM MST.