Builder Confidence Hits 11-Year High

Builder Confidence Hits 11-Year High | Simplifying The Market

In many areas of the country, there are not enough homes for sale to satisfy the number of buyers looking to purchase their dream homes. Experts have long proposed that a ramp-up in new, single-family home construction would be one of the many ways to overcome this inventory shortage.

According to a recent survey conducted by the National Association of Home Builders (NAHB) and Wells Fargo, housing market confidence amongst builders reached an 11-year high last month.

What Does High Confidence Mean for the Housing Market?

In a recent interview, Rob Dietz, Chief Economist and SVP for NAHB, put it this way:

“Higher market confidence will translate into more building and more inventory in 2017. We expect single-family construction to grow 10 percent next year.”

With 2016 marking the best year in real estate sales in over a decade, a 10 percent ramp-up in single-family construction will only aid in making 2017 an even greater year.

According to the latest US Census data, sales of newly constructed homes were up 3.7% over January 2016 as they reached a seasonally adjusted annual rate of 555,000. Dietz went on to comment:

“We can expect further growth in new home sales throughout the year, spurred on by employment gains and a rise in household formations. As the supply of existing homes remains tight, more consumers will turn to new construction.”

Bottom Line

With the weather and the real estate market heating up this spring, there will be a surge of new construction coming to the market soon.  If you’re looking for a new build home, give me a call – J.P. Cook – 602-320-4253.

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11438 N 70th Street Scottsdale, AZ 85254

$6,250,000
6 Beds
7.5 Baths
6,253 SqFt
Status Active
MLS # 6731524
Property Type Single Family Residence
Price Type --
Welcome home to your newest custom farmhouse in the heart of Scottsdale completed November 2022! This home features a DOUBLE RV Garage plus 2 car and additional side entry 3 car oversized garage. As you enter into this home you will find a casita in the front of the home with it's own private bedroom and living quarters. The kitchen features high end appliances wolf, subzero, large open concept with wood exposed beams, quartz counters, a butlers pantry and more. The master suite features it's own wing of the house including a large workout room right off the master bedroom. On the opposite side of the home is a separate wing including 3 bedrooms with walk in closets, private full bathrooms and a teen room opening to the back patio. Don't forget the 400 bottle wine closet and SOCCER FIELD!

6852 E Fanfol Drive Paradise Valley, AZ 85253

$6,250,000
5 Beds
9 Baths
9,911 SqFt
Status Active
MLS # 6764253
Property Type Single Family Residence
Price Type --
You've found the one you've been looking for. This private luxurious estate, renovated in 2022, is the perfect blend of timeless elegance combined with modern sophistication. From the moment you enter the foyer and see the sweeping staircase, you will be captivated by the grand scale and unparalleled craftsmanship. The estate boasts 5 en-suite bedrooms, library/office, gym, 4 car garage and so much more. European White Oak hardwood floors, tall ceilings, honed granite fireplace in family room, floor to ceiling limestone fireplace in living room, control 4 system and designer finishes. Chef's kitchen with double island, porcelain countertops, walnut cabinets, Wolf and SubZero appliances, plus a full wet bar. The main level primary suite features a private sitting room, gym/massage room, two generously sized walk-in closets, stackable washer/dryer closet, two private water closets and sauna that opens to the courtyard. But wait, there's more! This estate also boasts a junior guest suite complete with a kitchenette (inc microwave, wine fridge and sink) and stunning French Doors that open to the front courtyard. The basement is the perfect hosting space with a full game room, movie theatre and temperature controlled wine room. Mature greenery makes the backyard feel like your own private oasis with dazzling pool, multiple water features, fire features, outdoor kitchen and oversized covered patio. This beauty will not last long!

7000 N 39th Place Paradise Valley, AZ 85253

$6,150,000
3 Beds
4 Baths
6,021 SqFt
Status Active
MLS # 6773455
Property Type Single Family Residence
Price Type --
Presenting a stunning architectural masterpiece situated on over 2.5 acres within the exclusive 24/7 guard-gated community of Paradise Reserve. Crafted by Cullum Homes, this two-story contemporary estate offers a luxurious retreat with unmatched views of the majestic Camelback Mountain from every vantage point, creating a tranquil and picturesque setting. Elevated on a hill, the property features a grand driveway leading to a custom 3-car garage with sleek glass doors. Upon entering through the custom glass door, you're welcomed by a beautifully designed great room that seamlessly connects indoor and outdoor living spaces. At the heart of the great room is a designer fireplace that radiates warmth and elegance, while a retractable sliding glass door opens up to breathtaking mountain views. A nearby wet bar with exquisite pendant lighting, a wine fridge, and a custom glass-enclosed wine rack adds sophistication, showcasing your collection in style. The gourmet kitchen is a dream for any culinary enthusiast, equipped with premium Wolf and Sub-Zero appliances, sleek off-white cabinetry, quartz countertops, dual sinks, dual ovens, and a 6-burner gas range. A built-in espresso machine is ready to enhance your mornings, and the adjacent butler's pantry offers ample storage with extra cabinetry and a second refrigerator. Ascend the elegantly designed glass and wood staircase to a captivating loft, featuring an additional wet bar and a built-in entertainment centerperfect for unwinding and relaxation. The master suite combines luxury and serenity, complete with a dual-sided fireplace, sliding doors to a private patio, and endless views. The spa-like master bath features floating vanities, a spacious glass-enclosed shower with rain and handheld showerheads, and a soaking tub set by the fireplace. Multiple windows and a door to the outside provide additional mountain views, creating a tranquil ambiance. A den and office, enclosed by elegant glass doors, offer a peaceful work-from-home space. The additional bedrooms each feature ensuite baths for comfort and privacy. Throughout the home, recessed lighting and surround sound enhance the living experience. Outside, you'll find an enchanting space designed for relaxation and entertainment. The covered patio is perfect for outdoor dining, complete with an outdoor kitchen that includes a built-in BBQ, refrigerators, dishwasher, wall oven, sink, and an island with bar seating. Beyond the patio, a travertine-tiled deck leads to a captivating infinity-edge pool, where the water seems to blend into the sky. The raised spa, featuring one of two outdoor gas firepits, adds warmth and ambiance, all set against the stunning backdrop of Camelback Mountain and city lights.This home is a true masterpiece where luxury and nature unite to offer an unmatched living experience.

5636 E Via Buena Vista Paradise Valley, AZ 85253

$6,000,000
5 Beds
6.5 Baths
6,872 SqFt
Status Active
MLS # 6749255
Property Type Single Family Residence
Price Type --
Santa Barbara transitional home with exquisite mountain views. Sitting on over a 2 acre lot, this estate is the ultimate indoor/outdoor Arizona living with sliders that open to a covered patio, ramada with outdoor kitchen, fireplace, and rooftop deck, mature landscaping, tennis court, and custom pool/spa. Open great room with new white Italian travertine stone floors, formal dining, living room, and remodeled kitchen with Carrara marble counters, high end appliances, and new lighting, backsplash, tile, and surround sound speakers. Primary suite with gas fireplace, private backyard access, and oversized bathroom with freestanding tub, large dual vanities, walk-in shower, and custom closet. Additional rooms include office, gym with surround sound, mirror wall, and mini fridge and casita with new quartz kitchenette and custom cabinets, shower, tile, plumbing, and lighting. Smart home security to control cameras, music, shades, TV, HVAC, pool, and landscaping. Located only minutes away Paradise Valley's world class resorts, dining, and shopping.

9330 E Brahma Road Scottsdale, AZ 85262

$6,000,000
5 Beds
5.5 Baths
6,018 SqFt
Status Active
MLS # 6768931
Property Type Single Family Residence
Price Type --
LUXURY MEETS TRANQUILITY ~ Absolutely stunning and meticulously designed, this magnificent home is situated on a hill top 11 acre homesite in the EXCLUSIVE guard gated community of CAREFREE RANCH. Elevated above the valley floor, this home offers top-of-the-world panoramic views that arc from the Mazatzal / Four Peaks Mountains in the east all the way to the Sierra Estrella's and The White Tank Mountains in the far west valley. This home boasts captivating vistas of several Desert Mountain Golf courses, lush Sonoran Desert, blazing sunsets, sparkling city lights and starry dark skies. Timeless contemporary Southwest architecture with extensive use of copper cladding and angled roof lines create visual drama upon arrival. As you enter the home you are met with an updated soft contemp- contemporary flair and ideal floor plan for todays buyers with Master bedroom with spa like master bath, dual closets and fitness area, along with an office or additional guest suite on one wing. The other side of the home features two additional ensuite bedrooms, plus a standalone two room casita with kitchenette for longer guest visits. The heart of the home is the chef kitchen with Wolf/Subzero appliances, wine fridge, wet bar, breakfast nook and family room for every day use and casual entertaining. Separate full dining room & formal living for larger or more formal entertaining needs. Your outdoor desert oasis awaits with oversized patio with alfresco dining and living space, outdoor kitchen, and spectacular negative edge pool for hours of outdoor entertainment. This residence is not just a home; it's a lifestyle, a property to be appreciated and enjoyed all day, every day. Welcome to a lifestyle of luxury and tranquility!

7130 N 69th Place Paradise Valley, AZ 85253

$6,000,000
5 Beds
7.5 Baths
8,140 SqFt
Status Active
MLS # 6751399
Property Type Single Family Residence
Price Type --
Gorgeous Craftsman style house located in the HEART of Paradise Valley on over acre lot w/ mountain views!. Main House features: 7,198 sq ft with 4 bedrooms+Office+Theater+Craft Rm+Flex Rm+Bonus Rm & 6.5 baths. Guest House features: 942 sq. ft with 1 bdrm,1 bath & full kitchen & laundry. Throughout property: Block Construction, Gorgeous Wainscoting, all Ensuite Baths, Custom Tile, Soaring Ceilings, 4 Gas Fireplaces, Tons of Glass Overlooking Huge Backyard that was made for entertaining. Situated on 1.2 acres w/ Lap Pool, Full Sports Court, Ramada w/ Fireplace, Tons of Grass Area, View Deck w/ Incredible Views of Mummy Mtn & 5 Car Garage! Never been on the market before this property is preppy with coastal sophistication. Located within minutes from all the best shopping & dining!

4845 E Caida Del Sol Drive Paradise Valley, AZ 85253

$5,999,999 - 5Br/6Ba -  for Sale in Vista Linda, Paradise Valley
Open House
$5,999,999
5 Beds
5.5 Baths
5,863 SqFt
Status Active
MLS # 6781753
Property Type Single Family Residence
Price Type --
Indulge in the pinnacle of luxury and relish breathtaking elevated mountain views in the heart of Paradise Valley in this remarkable Emerald Level, Certified Green Home (the most stringent certification and highest achievement in sustainable building) with owned solar panels. This soft contemporary custom home blends sustainability with elegance, offering 5 bedrooms, 5.5 baths, and a 4-car garage. A designer glass door welcomes you at the entry, leading to an open floor plan with soaring ceilings and wall-to-wall engineered oak wood floors and an elegant fireplace. The gourmet kitchen is a chef's dream, featuring quartz countertops, a Wolf stainless steel gas range, microwave, and an oversized center island with quartzite, adorned with overhead designer pendant lighting and eat-up bar. seating. The dining room with large windows adds an element of sophistication, while the powder room boasts a designer wood counter and vessel sink. Split dual primary suites and luxurious spa-like baths elevate this home to an unparalleled level of luxury and comfort. Step into the backyard oasis to discover a resort-style heated pool and spa, a ramada with a grill, a brick fire pit, a spacious covered patio, and captivating city light and mountain views. Additionally, this home includes a spectacular guest casita overlooking the backyard paradise, complete with a kitchen, living area, and a guest suite. Enjoy the gorgeous outdoor dining area with travertine surround, creating an inviting atmosphere for entertaining or relaxation. This residence is a must-see for those who appreciate designer elegance and luxurious amenities that redefine opulence and cater to the most discerning tastes.

6620 E Stallion Road Paradise Valley, AZ 85253

$5,999,945 - 4Br/5Ba -  for Sale in Gary Estates, Paradise Valley
Open House
$5,999,945
4 Beds
5 Baths
6,687 SqFt
Status Active
MLS # 6770878
Property Type Single Family Residence
Price Type --
Welcome to Paradise! Spanish Estate, with a dramatic setting of the Mummy Mountains, truly shows pride of ownership! This beauty sits on a large corner lot, showcasing a beautiful backyard oasis with two gazebos, a circular driveway, fountains, a paver porch with an outdoor fireplace, and a gated entryway. Sheer beauty & breathtaking detail are found throughout, with 20 feet soaring ceilings, hardwood and travertine stone floors, 4 indoor Cantera fireplaces, a sizable office, a 600-bottle wine room, and multiple outdoor access points connecting the home inside & out. The spacious living room provides a serene area for receiving short visits, while the large dining room allows you to host a feast on special occasions. A true masterpiece with European old-world charm in PV! Bathed in natural light, this magazine-cover kitchen features a plethora of wood cabinets, travertine backsplash, granite counters, state-of-the-art SS appliances, a 6-burner gas cooktop, a built-in fridge cabinet, a center island, and an outer two-tier island. The owner's suite boasts a sitting room, a fireplace, and French doors to different patios. The lavish ensuite has travertine tile throughout, a jetted tub, two Cantera vanities, an oversized step-in shower with a built-in bench, and a massive walk-in closet. Each bedroom has its own bathroom. Cozy courtyard with artificial turf & a canter fountain is perfect for relaxing. The stunning resort-like backyard offers abundant seating areas, a built-in grill, a pergola, a ramada, a gazebo, a pool, and a spa. Enjoy entertaining or relaxing in solitude! Words don't make this gem justice. Over 6,000 sqft of luxury awaits, don't miss this gem in Paradise Valley! *Seller Concessions Available*

8386 E Leaning Rock Road Scottsdale, AZ 85266

$5,999,099
4 Beds
5.5 Baths
5,673 SqFt
Status Active
MLS # 6772642
Property Type Single Family Residence
Price Type --
*Estimated completion January of 2025* Move in just in time for the winter season to this exclusive, custom-designed version of Camelot's award-winning Cheval floorplan, brought to life by Camelot's Custom division, Cameron Custom. Renowned for its seamless indoor-outdoor living spaces, this stunning residence offers 4 spacious bedrooms, 5.5 luxurious baths, a private den, a versatile bonus room, and a separate casita for guests or multi-generational living. Every detail of the home's interior has been meticulously curated by a team of elite designers, blending sophisticated neutral tones with high-end finishes that cater to even the most discerning buyers. Whether you're hosting intimate gatherings or enjoying serene moments, this home exemplifies resort-style living at its finest.

E Red Bird Road Scottsdale, AZ 85262

$5,999,000
4 Beds
4 Baths
4,322 SqFt
Status Active
MLS # 6774532
Property Type Single Family Residence
Price Type --
Car enthusiasts delight - revel in this estate's custom garages for 10+ vehicles. This to-be-built masterpiece from J.Cor Architecture and Platinum Companies Inc provides 5 acres at your helm, with unobstructed views of Pinnacle Peak and McDowell Mountains. City Light views to the South and Southwest. Your inquiry to this iconic estate is welcomed.

7014 E Palo Verde Lane Paradise Valley, AZ 85253

$5,999,000
5 Beds
4 Baths
6,046 SqFt
Status Active
MLS # 6762390
Property Type Single Family Residence
Price Type --
Welcome to 7014 E Palo Verde Ln! This exceptional property is located in the heart of Paradise Valley - a picturesque town known for its beauty, tranquility, and relaxed lifestyle. The single-story property has been renovated and offers over 6,046 sqft of inspired living space on .855 acres of land. The charming modern ranch-style home is adorned with exterior brick, black board and batten accents, black aluminum double-pane windows, Italian hand-chipped marble tile pavers, outdoor fireplace, and fire pit surrounding a polished pebble tech black bottom pool, as well as a cedar shake-covered porch. Inside, you'll find European white oak flooring, quartz counters, a double kitchen island with double sinks, Miele appliances including two dishwashers, a wine fridge, and a 48in gas stove with a custom shiplap hood, a dry and wet bar, primary bedroom with its own private spa, flex room,and gorgeous accent walls throughout the home that bring the sleek, moody feel together. Enjoy your private oasis with views of the mountains and a backyard big enough to entertain a large crowd. *Court Approval for Sale Req'd*

6587 N Palmeraie Boulevard Unit 1043 Paradise Valley, AZ 85253

$5,999,000
3 Beds
3.5 Baths
3,191 SqFt
Status Active
MLS # 6722692
Property Type Apartment
Price Type --
Welcome to the Ritz-Carlton lifestyle, where luxury and comfort merge seamlessly. This exquisite garden-level unit, with an extended patio, offers the perfect blend of indoor and outdoor living. Centrally located yet incredibly private, you'll have easy access to the pool, fitness center, and clubhouse, making every day feel like a retreat. Inside, you'll find custom millwork and high-end finishes throughout, from bespoke tile and countertops to exquisite flooring and wall coverings. The den is a wine lover's dream, featuring tailored millwork, Sub-Zero wine storage columns, and ample barware space. State-of-the-art technology enhances your living experience with Crestron lighting control, motorized privacy and blackout shades, house music system and in ceiling speakers throughout. The interior flooring and patio are adorned with elegant Galician Blue Limestone, while the bedrooms feature warm European white oak. Luxurious touches continue in the bathrooms with beautiful marble, wood and porcelain finishes. This villa is more than just a home; it's a lifestyle defined by elegance and convenience. Welcome to your new sanctuary.

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