Home Builder Index Dips in January

January’s National Association of Home Builders Housing Market Index dipped two points from December’s revised reading of 69 to 67;  the index reading forecast for January was also 69.Analysts said that January’s reading was the second highest (after December 2016) since the peak of the housing bubble in 2005. January’s dip in builder sentiment was attributed to easing of builder enthusiasm, which spiked right after the U.S. presidential election. To put January’s home builder confidence reading in context, NAHB says that any index reading over 50 indicates that more builders than fewer have confidence in housing market conditions.

NAHB Sub–Index Readings for January

Three sub-index readings are used in compiling the NAHB Housing Market Index reading. Builder confidence in current housing market conditions fell three points to 72; builder confidence in housing market conditions over the next six months fell two points to 76. Builder confidence in buyer traffic in new housing developments dropped one point to 51.

Builders surveyed continued to cite the cost of new lots for development and the lack of skilled labor as obstacles to higher builder confidence.

After releasing January’s index readings, the NAHB said that while January’s readings were lower than those for December, a majority of builders have expressed confidence that the new administration will reduce regulatory pressure on home builders. NAHB also cited home builder concerns over mortgage rates, which rose nearly a percentage point in November and December before falling. Despite ongoing concerns, builder sentiment has steadily improved over time. On average, builder confidence averaged a reading of 61 in 2016 against 2015’s average reading of 59 and the 2014 average reading of 52.

Builder Outlook Seen as Key to Easing Home Shortage

Real estate and mortgage pros have consistently said that building more homes is necessary to ease the ongoing shortage of available homes. NAHB’s Housing Market Index is closely followed as a benchmark of home builder confidence. Higher builder confidence in current and future housing market conditions is viewed as a potential indicator of home building activity, but housing starts have not been uniformly allied with builder confidence.

Shortages available homes creates high demand creates concerns for potential buyers seeking affordable homes. Rapidly rising home price, particularly in high demand metro areas, have sidelined buyers who cannot compete against buyers making cash offers on homes with rapidly escalating prices.   For more information give me a call – J.P. Cook – 602-320-4253.

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4959 E Red Rock Drive Phoenix, AZ 85018

$5,000,000

4 Beds

3 Baths

3,460 SqFt

Status Active

MLS # 6775731

Property Type Single Family Residence

Price Type --

Perched on the red rocks of Camelback, this hillside house boasts incredible views of the city to the south and stunning rock features as a surround. The main house has 3 bedrooms adorned with city views, with a guest house nestled underneath. The offset pool and spa are tucked against the mountain for an incredible combination of privacy and top of the rock atmosphere. The master suite has room to spare with a master bath that blends contemporary design with luxury features. The kitchen and dining room open to a living room and deck with indoor outdoor living in mind. An inviting gas fireplace serves as a feature to the living room inside while outdoor fire features lead you outside for sunny days and twinkling lights at night.

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6432 E El Sendero Road Carefree, AZ 85377

$5,000,000

4 Beds

5 Baths

6,087 SqFt

Status Active

MLS # 6780745

Property Type Single Family Residence

Price Type --

*View documents for full list of features* *3D Walk through and video tour provided in photos* Welcome to this exquisite, fully renovated masterpiece on the coveted south side of Black Mountain. Thoughtfully designed to capture breathtaking views from every room, including the guest house, this home harmoniously combines modern elegance with timeless character. Original features, such as wood plank ceilings, rich wood window frames, exposed beams, solid wood interior doors, and custom-stained glass, have been meticulously refurbished to enhance their beauty and preserve the home's unique charm. Every space offers a distinct experience, blending sophistication with warmth. Entering through the gated courtyard, you're greeted by a stunning water feature adorned with a lush living wall, setting a serene tone as you approach the custom glass and iron pivot front door. Inside, the journey begins in the sophisticated lounge, featuring a nearly 1,000-bottle wine room, a true haven for the wine enthusiast. The main house showcases expansive large-format tile flooring, custom cabinetry, three generous bedrooms, an office, and a media room, supported by four luxurious bathrooms. The guest house spans 1,920 square feet across two independent levels. The main level serves as a fully equipped living space, complete with a full kitchen, laundry, a cozy one-bedroom suite, and a spacious great room. The lower level opens up endless potential, perfect for a gym, music studio, art room, office, or any other vision you can imagine. Both the main and guest houses feature custom lighting, high-end finishes, and smooth, no-texture walls, complemented by views that will take your breath away. With 87 fully-owned solar panels and two EV chargers in the garage, this home is as sustainable as it is beautiful. This is a must-see property that perfectly combines luxury, innovation, and stunning surroundings. Please view the documents tab for a full list of features.

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32 N Biltmore Estate Phoenix, AZ 85016

$5,000,000

7 Beds

10 Baths

10,030 SqFt

Status Active

MLS # 6736576

Property Type Single Family Residence

Price Type --

''As a philanthropist who loved golf and played it daily in retirement, he chose 32 BILTMORE ESTATES''. For the past 24 years, the Estate has been owned by the same ''second'' owner. The property's pedigree speaks volumes about its affluence and distinction. Embodying a seamless blend of classic elegance and modern luxury ambiance, the home is both welcoming and grand. Almost fireproof; commercial grade mechanicals, steel framed, masonry and metal roof. Its panoramic views of Camelback Mountain coupled with the lush golf course greens offers a serene and evolving picturesque setting. You'll appreciate the home's location, rich history, and architectural beauty from the moment you step up, family gatherings with friends in its spacious living and dining areas will become most memorable... Both primary bedroom-windows are undoubtedly and accurately facing towards breathtaking views of Camelback Mountain. Views of the green, the outdoor kitchen, and the expansive terrace all provide a perfect setting to enjoy the picturesque landscape, making every day feel like a retreat. The staff quarter is generous in size, the lot coverage allows for additional livable guest home or garage storage to be added within its setbacks. This is a rare chance to own a piece of history, an opportunity to experience the unparalleled lifestyle that 32 Biltmore Estates has to offer. Schedule a viewing today to see for yourself what makes this estate truly exceptional.

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20226 N 101st Way Scottsdale, AZ 85255

Open House

$5,000,000

5 Beds

5.5 Baths

4,746 SqFt

Status Active

MLS # 6737164

Property Type Single Family Residence

Price Type --

This 4,746sf home features 5 bedrooms, 5.5 bathrooms and exudes a cool, modern beach vibe. Highlights include vaulted beamed ceilings in the great room and principal bedroom, light hardwood floors, and abundant windows. The kitchen is equipped with both marble and leathered granite countertops, white cabinets, 2 dishwashers and a European cooktop. Designed for seamless indoor/outdoor living, the home offers pocket doors opening to a front courtyard with a spool, fireplace, synthetic grass, and soothing park views. Additional features include an interior courtyard with a 2nd outdoor fireplace, BBQ, and pizza oven. The upstairs bonus room adds versatility to this meticulously crafted residence. Every detail, from plantation shutters to updated mechanicals, reflects exceptional ... attention to detail. Price includes furniture and furnishings with a small exclusion list.

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12140 N 106th Street Scottsdale, AZ 85259

$4,997,000

7 Beds

6.5 Baths

6,063 SqFt

Status Active

MLS # 6596266

Property Type Single Family Residence

Price Type --

NEW CONSTRUCTION - permits ready and we are set to break ground on this exceptionally designed Modern Luxury Estate brought to you by Blue Sky Homes. Boasting roughly 5226 SF this home is an entertainer's dream, with open kitchen, large sliding door system to the backyard and a split bedroom floor plan and with 10'+ ceilings. Guest will feel welcomed in the spacious 800+ SF casita overlooking resort style backyard. This amazing home is located in the popular Cactus/Shea corridor close to shopping, dining, as well as hiking trails. Don't miss out on the opportunity to semi customize this desert gem before it's too late. *Pictures used to reflect floor pan, not actual property. This property is located on Lot B of the site.

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24351 N 97th Drive Peoria, AZ 85383

$4,997,000

4 Beds

5 Baths

6,843 SqFt

Status Active

MLS # 6769072

Property Type Single Family Residence

Price Type --

Welcome to this stunning, one-of-a-kind modern masterpiece nestled in the heart of Peoria, Arizona. This luxurious 4-bedroom residence boasts an extraordinary design that seamlessly blends indoor and outdoor living, reminiscent of the vibrant style found in Miami. As you approach the home, you're greeted by sleek lines and a contemporary façade that sets the tone for the elegance within. Step inside to an expansive open floor plan, where high ceilings and an abundance of glass windows and doors flood the space with natural light. The living area effortlessly flows into a state-of-the-art kitchen, featuring top-of-the-line appliances, quartz countertops, and a spacious island perfect for entertaining. Each of the four bedrooms offers a private retreat, with generous closet space and en-suite bathrooms that showcase modern fixtures and finishes. The highlight of the property is the large casita, ideal for guests or as a private office, providing versatility to suit your lifestyle. Step outside into your own paradise: the outdoor kitchen is a chef's dream, complete with a built-in grill and ample seating, perfect for hosting unforgettable gatherings. The 966 sq ft pool and hot tub invite relaxation and rejuvenation, surrounded by beautifully landscaped grounds that enhance the home's serene ambiance. With expansive covered patios that blur the lines between indoor and outdoor spaces, this home is designed for the ultimate Arizona lifestyle. Whether you're lounging by the pool, entertaining guests, or simply enjoying a sunset, this property offers a unique blend of luxury and comfort that truly feels like a desert escape. Don't miss the opportunity to own this extraordinary modern home in Peoriawhere sophistication meets style in perfect harmony.

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10040 E Happy Valley Road Unit 504 Scottsdale, AZ 85255

New

$4,995,900

4 Beds

4.5 Baths

5,986 SqFt

Status Active

MLS # 6787820

Property Type Single Family Residence

Price Type --

Immediate Gold club membership upon close of escrow. This artfully designed, Santa Fe inspired home offers rich & elegant detail in its graceful architectural style. Generous open living spaces and numerous fireplaces encourage comfortable gatherings. All on one level except for an upper level two room Casita with view deck. Luxurious finishes and features include Venetian plaster, wood beam ceilings, chef's kitchen with Wolf appliances and large center island, all bedroom en-suites, combination theater and exercise room with a large bar for entertaining, 4 car garage, BBQ and spa. Desert Highlands amenities include Jack Nicklaus signature golf course, 13 tennis courts (4 grass), pickle ball courts, bocce ball courts, fitness center, fine & casual dining, guard gated & security patrolled.

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36421 N 105th Place Scottsdale, AZ 85262

$4,995,000

4 Beds

4.5 Baths

5,208 SqFt

Status Active

MLS # 6620771

Property Type Single Family Residence

Price Type --

Framing is done, home completion Spring 2025! Right sized at 5208 feet, three bedrooms plus guest house and lots of covered outdoor patio area for modern desert living at Mirabel. Great room with soaring 16´ceilings, looking through retractable glass wall to pool/spa and a view of Pinnacle Peak. South facing rear yard is perfect exposure for AZ living. Double oversized 2-car garages fit four luxury vehicles (or your expensive toys on lifts!) comfortably. Light and bright throughout, Wolf/Subzero gourmet kitchen, full wet bar with pocketing windows out to patio, his and hers water closets in owner's suite. Flex room for gym, second office, workspace, or storage. Two secondary ensuite bedrooms and den. Free-standing guest house makes having guests more fun! CW's Touchpoint Home Management program will help you take care of your home; you've worked hard enough already! Complete specifications available, hurry while there's still time to customize and make it yours! Images are intended to convey overall design direction for this home but final specifications are subject to change. Contact Calvis Wyant Luxury Homes for up to date details. Please call Listing Agents to show, thank you!

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7022 E Paradise Drive Scottsdale, AZ 85254

$4,995,000

5 Beds

5.5 Baths

5,200 SqFt

Status Active

MLS # 6764263

Property Type Single Family Residence

Price Type --

Welcome to your dream resort! A breathtaking contemporary new build by renowned Design Tank architect, Tyler Kuenzi. This property combines modern elegance with unparalleled comfort. Spanning 5200 sq ft, this exquisite custom built residence features 5 spacious bedrooms, each with its own en-suite bath featuring stunning, fixtures, plus an additional powder room for guests. As you enter, you're greeted by an airy open-concept living space flooded with natural light. The state-of-the-art kitchen boasts Subzero/Wolf/Cove appliances, Shinnoki cabinetry, and a generous Taj Mahal quartz island perfect for entertaining. The adjoining dining area flows seamlessly into the inviting living room, highlighted by a stylish fireplace and large Western brand windows that showcase picturesque view. The master suite is a true retreat, complete with a luxurious spa-like bathroom featuring dual vanities, a soaking tub, and a walk-in shower. Each additional bedroom offers ample closet space and beautifully designed baths, ensuring comfort and privacy for everyone. Step outside to the beautifully landscaped resort-style backyard, including a private pickle ball court, ideal for alfresco dining or simply relaxing in your private oasis. Additional highlights include a large pantry, atrium, a spacious laundry room, and a four-car garage. Located in a desirable 85254, this home is just minutes away from top-rated schools, parks, and vibrant shopping and dining options.

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5113 W Arrowhead Lakes Drive Glendale, AZ 85308

$4,995,000

6 Beds

5.5 Baths

6,500 SqFt

Status Active

MLS # 6783773

Property Type Single Family Residence

Price Type --

Welcome to Arrowhead Manor Estates, where luxury meets tranquility in the NW Valley's most exclusive hillside community. This expansive 6,500 sqft masterpiece offers 6 bedrooms, 5.5 baths, and is situated on a sprawling 2-ACRE, mostly flat, mountainside lot with panoramic city and mountain views that create a breathtaking backdrop from sunrise to sunset. Designed with entertaining in mind, the outdoor spaces are unrivaled. Enjoy Arizona's sunny climate on the full-size sport court for, pickleball, tennis or hoops! Take a dip in the infinity-edge pool overlooking the Valley, or unwind by the firepit under the stars. A fully equipped outdoor kitchen and multiple lounging areas make this home a true oasis for gatherings both intimate and grand. Step inside to discover soaring beamed ceilings a warm and inviting living space, and a gourmet kitchen equipped with high-end appliances and ample counter space. The home theater promises memorable movie nights, while the detached casita offers privacy and comfort for guests or multi-generational living. This estate is also powered by a fully owned solar system, blending eco-conscious efficiency with luxury living. Nestled within a private, gated community of multi-million-dollar estates, this property offers a rare opportunity to experience exclusive, serene living without sacrificing convenience. Originally, these were two separate acre lots and they can be subdivided again to build a second home!

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10207 E Diamond Rim Drive Unit 2121 Scottsdale, AZ 85255

$4,995,000

5 Beds

5 Baths

5,660 SqFt

Status Active

MLS # 6753179

Property Type Single Family Residence

Price Type --

Situated on a rare 1/2 acre corner lot, you'll enjoy privacy, and plenty of lush, mature landscaping, and the ease of hopping in a golf cart to get to Silverleaf Country Club. A private courtyard entrance will lead you to the entry as you meander through the meticulously maintained rose gardens, a bubbling fountain and large blue tiled swimming pool, and spa. The open great room has a grand feel as it's accented with a Cantera stone arch, soaring ceilings with hand-hewn beams, and telescoping doors that open up to the covered patio, and additional center courtyard with charming stone fireplace to add to the ambiance while entertaining. No additional expenses needed on this home, as the owner has recently completed a renovation to include, new lighting throughout, fully remodeled bathrooms with designer tiles, and plumbing fixtures. The kitchen is a dream to cook in as it has a large center island adorned with South American Quartzite and Cristallo translucent Quartzite, Wolf 6 burner gas range with griddle, Wolf double ovens, coffee bar, and 3 tall sub-zero wine refrigerators. Exterior was renovated with new landscaping, new landscape lighting, and Rhinosheild paint. The main house features three spacious guest bedrooms with en-suite bathrooms that any guest will enjoy. An elevator leads to the primary suite with a large sitting room, spacious his/hers custom closets, and luxurious bathroom with dual vanities, make- up vanity soaking tub, and over-sized shower. The office has lovely built-ins and french doors that lead to a secret garden with a stone fireplace. Retreat to the detached, 462 sq ft Casita, to enjoy an afternoon of sewing, gaming, or fitness. The Crestron system is the brains of the home, and has been fully updated in 2023, along with 7 new HVAC units for the home. This home also features a 3 car garage and plenty of storage space.

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9203 E Happy Hollow Drive Scottsdale, AZ 85262

$4,995,000

4 Beds

4.5 Baths

7,308 SqFt

Status Active

MLS # 6617612

Property Type Single Family Residence

Price Type --

Experience the epitome of luxury living in this exquisite Desert Mountain home designed by award winning builder Peter Magee, offered with a rare Golf Membership. The Family Room is an entertainer's dream and opens to the well-appointed and tastefully designed kitchen offering upgraded appliances, two islands and Brazilian soapstone countertops. The Great Room boasts an elegant wet bar and multiple lounging areas. A private and inviting owner's wing includes a spa like ensuite, oversized walk-in closet and separate laundry room. An abundance of natural light fills the home by day and cool evenings draw you to the expansive outdoor living spaces which include alfresco dining and a heated pool & spa to capture sunset, golf course, mountain & city light views. A true contemporary masterpiece

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