NAHB: Builder Sentiment Improves in August

Buyer Beware: 4 Common Problems Home Sellers Try to HideAccording to the National Association of Home Builders, August home builder sentiment met analyst expectations and rose by two points to a reading of 60; July’s reading was revised downward to 58. Two out of three components used in calculating the Home Builder Index were higher. Builder sentiment concerning current housing conditions rose two points to 65. Builders were also more confident about housing market conditions within the next six months; August’s reading was one point higher at 56. Builders were less confident about buyer traffic in new housing developments. August’s reading slipped one point to 44.

Any reading above 50 indicates that a majority of builders surveyed were confident in market conditions; readings for buyer traffic have not reached 50 since 2005.

Building More Homes Seen as Solution to Persistent Home Shortage

Shortages of available homes have caused demand for homes to surge in recent months. As demand increases, home prices rise. This thwarts positive conditions including low mortgage rates and recent reports of rebounding job creation. If builder confidence rises, it follows that builders will expand construction, but builders also cited factors including regulatory obstacles, a lack of qualified labor and shortages of land available for development as ongoing concerns.

Regional Confidence Readings Mixed

Regional readings for builder confidence were mixed; builder confidence in the Northeast increased by two points to 41. In the South, builder confidence also rose two points to 63. Builder sentiment in the West was unchanged at 69 while builder sentiment in the Midwest fell two points to 55.

Although growing builder confidence considered positive in light of home shortages, analysts said that single-family housing starts remain well below historical levels.

In related news, NAHB reported that readings for the 55 plus housing market index increased by one point to 57 as compared to the first quarter reading and was unchanged as compared to the second quarter of 2015. As with the general HMI, any reading over 50 indicates that more builders than fewer are confident in market conditions for 55 plus housing markets.

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28623 N Sweep Court Rio Verde, AZ 85263

$1,760,000 - 3Br/4Ba -  for Sale in Trilogy At Verde River, Rio Verde
Open House
$1,760,000
3 Beds
3.5 Baths
2,681 SqFt
Status Active
MLS # 6756010
Property Type Single Family Residence
Price Type --
BRETHTAKING MOUNTAIN VIEWS FROM ELEVATED LOT OVERLOOKING THE 16TH GREEN! Plus, walking distance to the club amenities. Perfect for entertaining or enjoying a quiet relaxing evening. Popular Latigo floorplan has 2 bedroom suites plus a separate casita, spacious courtyard w/fireplace, private backyard, covered patio w/built-in fireplace & BBQ. Luxurious primary suite w/sliding doors to enjoy views, lavish bathroom, quartz counters, 2 walk-in closets; Kitchen with high-end appliances, large island, quartz counters; Great room with views, multi-sliding doors to the patio; Formal dining; Separate office w/built-in cabinets. Engineered floors, plantation shutters, recessed lighting throughout; Beautiful guest suite; Spacious casita, built-in cabinets, walk-in closet and bathroom. More... Den/Office w/built-in bookcases; Smart space/laundry, built-in desk, lots of storage; Powder room. Large backyard with spectacular views; 3 car garage, epoxy floors, built-in cabinets and electric charger. Experience Trilogy at Verde River, a stunning resort style community nestled against the beautiful Tonto National Forest. The amenities at Verde River are spectacular. The Community boasts an 18-hole Championship Golf Course with a picturesque driving range, putting green, and separate chipping/pitching practice areas. One visit and you will understand why the PGA Southwest Section selected Verde River Golf & Social Club to host the AZ Senior Open and AZ Match Play Championships in 2020, 2021 and 2022. The active lifestyle amenities continue with pickle ball and tennis courts, with Clubs designed for social or competitive play. Adjacent to the sport courts for your convenience are bocce ball courts and an open grass area for social gatherings. The Community Clubhouse is all encompassing including a critically acclaimed restaurant, Needle Rock Kitchen and Tap, with a hugely popular wine and beverage program, Helen's Kitchen, a chef's inspired kitchen designed for cooking classes, and The Market Place, a favorite of member's for grabbing a morning coffee or picking up a forgotten grocery item. Love the Arts? Spend time at the Art Loft, where classes are offered in a variety of disciplines. The Clubhouse has an Events Center, designed to manage the needs on any member event. Attached to the Community Clubhouse is Alvea Spa, complete with Spa and Salon services, and Afterburn Fitness, a state-of-the-art workout facility that offers a variety of group fitness classes. Following your workout, enjoy convenient locker room facilities, and steam rooms. Just steps away from the Clubhouse in the Resort Pool, Lap Pool, and Sauna, all of which are heated. Enjoy the view, with food and beverages at Eddy's Poolside. Have a dog? Experience a dog-friendly community with a 7.5-acre dog park, with canopy shading coming soon for those warm AZ days. Trilogy at Verde River's location provides residents with the tranquility of the Tonto National Forest and the convenience of a short drive to the heart of North Scottsdale. Get the best of both worlds and see why you could be calling the Community, Home!

7147 E Wilderness Trail Gold Canyon, AZ 85118

$1,756,600
4 Beds
3.5 Baths
4,340 SqFt
Status Active
MLS # 6740844
Property Type Single Family Residence
Price Type --
Welcome to your dream home nestled in the majestic Superstition Mountains of Gold Canyon, Arizona. This brand-new build, completed in August 2024, offers unparalleled luxury & breathtaking 360-degree views of the mountains, the pristine golf course, and the exclusive Superstition Mountain community. Living Space: 4,340 sqft of modern elegance, designed with meticulous attention to detail. Casita: Separate from the main house, this charming casita includes a kitchenette, living room, bedroom, & a spacious walk-in closet—perfect for guests or as a private retreat. The main home boasts 4 spacious bedrooms (3 in main, 1 in casita) & 3.5 beautifully designed bathrooms. Off the master suite, enjoy your own private observatory, ideal for stargazing & taking in panoramic views of Gold Canyon. Lot Size: Generous 17,837 sqft lot providing ample space & privacy. 3-car garage equipped with smart garage door openers for added convenience. Every corner of this home features modern, high-end finishes. Luxury Vinyl Plank Flooring: Durable & stylish flooring throughout the home. Laundry Convenience: Additional washer & dryer located in the master closet. Gourmet Kitchen: Equipped with an induction cooktop & top-of-the-line GE Monogram appliances. Home also has Hard-wired Wi-Fi boosters, smart thermostats, a comprehensive audio system, and a Ring doorbell with door keypads for enhanced security and convenience. Additional Amenities: Upgraded Washer/Dryer: Included for your convenience. Audio System: Enjoy a high-quality audio experience throughout the home. Set in the serene and picturesque community of Superstition Mountain, this home provides a peaceful & luxurious lifestyle. Enjoy the natural beauty of the surrounding landscape, the proximity to world-class golf courses, & the welcoming community atmosphere. This exceptional property is a rare find, combining luxury living with the natural beauty of the Superstition Mountains.

36001 N 17th Avenue Phoenix, AZ 85086

$1,753,744
5 Beds
5.5 Baths
4,549 SqFt
Status Active
MLS # 6676761
Property Type Single Family Residence
Price Type --
TO BE BUILT: Amazing modern contemporary house nestled at the base of a majestic mountain and the Sonoran Preserve. This home features 5 bedrooms, 5.5 bathrooms, with soaring 12 foot ceilings throughout the open floor-plan. Gourmet kitchen features top of the line appliances, huge center island, and walk-in butler;'s pantry. Split floor plan with. an incredible primary suite with. large soaking tub, walk in steam shower, and expansive his/her closets. This side also has an additional ensuite bedroom and home office. The other side has 1 additional ensuite bedroom with hidden door. Expansive patio leads to fully loaded pool house adjacent to detached casita. Home has 3 car, extra deep garage, mudroom entry from garage, and large laundry room. Situated on just over 1 acre.

33495 N 83rd Street Scottsdale, AZ 85266

$1,752,000
4 Beds
3.5 Baths
3,604 SqFt
Status Active
MLS # 6698671
Property Type Single Family Residence
Price Type --
PRICE REDUCTION! SELLER WANTS IT SOLD! Situated on an expansive, approx. 1 acre parcel. This 3609 SF home has been extremely well maintained. Features 4 BD and 3.5 BA, extended 3 car garage and an AMAZING outdoor living space in the back. (Room to add a Casita) Inside you will find a gorgeous oversized Primary suite and large bath. Granite walk-in shower, jetted tub, dual sinks and beautiful closet space. 2 separate large living spaces and a wonderful islanded kitchen area that feeds into the breakfast nook and formal dining room. 2 more bedrooms featuring ensuite baths and a den office. (4th BD) In back you'll find a nice covered patio, built in BBQ, large fire pit, heated pool/spa and shuffle board. All this and still room to add a casita. This home has it all!

Range 1 W Six Claims Road Prescott, AZ 86305

$1,750,000
3 Beds
3 Baths
2,881 SqFt
Status Active
MLS # 6774984
Property Type Single Family Residence
Price Type --
MOUNTAIN MODERN RANCH - LOCATED WITHIN THE NATIONAL FOREST ..... yet ON PRIVATE LAND, w/GATED COMMUNITY. NO HOA. This exquisite modern ranch-style masterpiece is soon to be built on top a premium 5 or 10+ acre lot; nestled amidst the serene Boulders - natural trees, ensuring privacy and tranquility for its owner. The Buyer will have the opportunity to handpick every finish, thanks to the generous Allowance package added, ensuring a truly personalized living experience that perfectly matches your unique style. This beautifully maintained - yet unique property will appeal to the discriminating buyer who values maximum privacy with upscale and uncomplicated taste! Just 12 minutes to Prescott's Town Center.

9594 E Tee Box Court Gold Canyon, AZ 85118

$1,750,000 - 4Br/4Ba -  for Sale in Gold Canyon East Parcel 9 2017005048, Gold Canyon
Open House
$1,750,000
4 Beds
3.5 Baths
2,781 SqFt
Status Active
MLS # 6730390
Property Type Single Family Residence
Price Type --
Beautiful new custom home located in Gold Canyon East at Barkley Ranch backing Golf Course on the 10th Green of the Dinosaur Course. Incredible elevated unobstructed expansive views of the golf course. Can clearly see 4 Golf fairways on one of the most beautiful Golf courses in Arizona. Exceptional Superstition Mountain views. Fantastic finishes and details in the cabinetry, wood flooring, wood boxed beams on ceiling, marble tiled master bath, firepit and built in barbecue. The home surrounds a resort style pool with tiled Baja shelf and spa, stone finished columns with copper scuppers pouring waterfalls into the pool. Travertine pavered patios and pool deck with synthetic grass and firepit inside the fenced yard overlooking the 10th green of the golf course across the pool.

1621 W Lynx Way Chandler, AZ 85248

$1,750,000
4 Beds
2.5 Baths
3,023 SqFt
Status Active
MLS # 6763746
Property Type Single Family Residence
Price Type --
Tucked deep in gated Ocotillo lakeside neighborhood~Built by renowned Geoffrey Edmunds~Walls of windows invite you straight out to your Outdoor Oasis by Creative Environments~Incredible Pool/Spa/Outdoor Kitchen, Dock, Putting green, Bridge to Sunbathing deck~Swim-Up~Stone decking & Dining, Waterfall, Expansive covered patio that can be enjoyed 3/4 of the day! Open Floor Plan wher kitchen/dining & great room open to outdoor living & where LOADS of Natural light pours in~Complemented by 12' tall ceilings, plantation shutters, neutral paint, tile & carpet. Gas fireplace in great room and yard has multiple fire features. Seller also advertising for rent~Move in or Remodel to your taste, best bones & backyard ever~Agents inquire about price discount of $100,000.00 to qualifying cash buyers! Enter the double-door main bedroom to find outdoor access and an ensuite with two vanities, a soaking tub, & a walk-in closet. The two secondary bedrooms shared a Jack & Jill bathroom. The 4th bedroom, with a walk-in closet, can be an office as well. Laundry room with a sink & cabinetry. But the true highlight is the RESORT-STYLE backyard! This space promises year-round enjoyment, featuring a covered patio, built-in BBQ, well-laid flagstone, multiple seating areas, grassy area, putting green, and a negative edge pool w/sitting area & swim-up bar. The serene lake views provide an amazing backdrop to your living experience. As a resident of Ocotillo Lakes, you'll also benefit from the community's premium amenities! Scenic lakes & walking trails, parks, playgrounds, tennis & pickleball courts, a golf course, swimming pools, spas, and beautifully landscaped common areas. Close to schools, shopping, restaurants, high-tech companies, and freeways. See it! Love it! Live it!

30 Sycamore Canyon Road Sedona, AZ 86336

$1,750,000
3 Beds
3 Baths
2,323 SqFt
Status Active
MLS # 6770114
Property Type Single Family Residence
Price Type --
Live in Luxury w/ NO HOA & enjoy 180 Degree UNBLOCKABLE PANORAMIC VIEWS of Sedona'a Majestic Red Rocks. Use as a secondary or primary residence & STR when not in use. 2024 Upgraded Chef's Dream Kitchen offering massive island/ Wolf Oven & Steam Oven/ Induction Cooktop/ 2 wine fridges and Butlers' Pantry to Die For, Great Room Living, 572 sq ft Terrace Featuring Hot Tub & Electronic Sun Shade, ELEVATOR to access both floors, Primary Suite featuring Spa Bath/ Steam Shower & 3 Way Fireplace. Spacious 2nd & 3rd Bdrms w/ full bath for guests to visit. Step out to the south 966 sq ft sun deck for privacy or meander out to the terraced landscaping and listen to the water feature. The Oversized 2 car garage has plenty of storage. Once You Enter You Won't Want to Leave! 2023 HVAC's, Other upgrades in 2023: remote window shades in the kitchen, Instant hot water, Reverse Osmosis w/Whole House Water Treatment System, Dual Zone A/C, soft water spigot for car washing, Western Decorative Security Door & Emergency Access Fire Dept Key Box at Front Entrance. STUNNING Chef's Kitchen boasts polished granite island with built-in GE Monogram Induction Cooktop, built in Sharp Microwave and storage beneath. Gorgeous Taj Mahal Quartzite Counters with full textured tile backsplash make this kitchen a gathering magnet with upgraded appliances including Wolf Oven and Wolf Steam Oven, Oversized dual faucet Farmhouse Sink, Bosch Dishwasher, Samsung side by side fridge, and dual mini wine/beverage fridges. Enjoy casual island dining with guests while admiring the custom metalwork chandelier above and views of nature to the South & Red Rock Show to the North. Multiple options to dine both inside at the island or formal dining area OR take the entertaining outside on th 572 sq ft terrace with huge retractable awning when shade is desired. In the evenings enjoy stargazing from the hot tub or on the south deck around a firepit table. Plenty of Alder soft-close upper and lower cabinetry, PLUS spacious walk-in Butler's Pantry with granite counters, beverage and coffee stations and Iron metal door to access your south deck. Huge and Lavish Primary Bedroom Suite invites you to pamper yourself in luxury. Plenty of space with dual vanities and large walk-in closet. Relax in the jetted tub while reading a book next to the three-sided fireplace. The walk-in STEAM SHOWER is stunning featuring four complimentary tile designs, dual shower heads and wand and spacious bench. Even the shower has views!! Enjoy coffee in bed with the best views in Sedona or stroll out onto the terrace through the glass slider. Guests can enjoy privacy and comfort on the lower level in the two spacious bedrooms with walk-in closets and shared full bath. The larger bedroom can also be an office with enough space for gym equipment or full on media room. The exterior of this home is as amazing as the interior. Paver walkways and shimmering tiled stairs adorn the front entrance. Transport yourself through the red rock portal and hike up to the picnic table in the back yard or meditate on the stone bench while listening to the sound of the trickling water feature. All surrounded by mature native tree provided shade and privacy. When it's time to dine outside, BBQ in Style on South Trex Deck w/ Shade provided by the towering native evergreens.

36578 N Boulder View Drive Scottsdale, AZ 85262

$1,750,000
4 Beds
4.5 Baths
3,381 SqFt
Status Active
MLS # 6708862
Property Type Single Family Residence
Price Type --
Luxury meets tranquility in the prestigious neighborhood of Boulder Heights in N. Scottsdale. This luxury residence offers breathtaking city light, mountain and sunset views. With a spacious private entry courtyard with a carved stone water feature, and an expansive back patio featuring a heated pool with a soothing waterfall, outdoor kitchen and fire pit it guarantees endless opportunities for entertaining. Upon entering this single level home with its vaulted ceiling and prominent foyer it also features an inviting great room with wet bar and fireplace, large dining area and an open kitchen with high end appliances. All 4 bedrooms are ensuite - the owners suite includes a large walk-in closet, jetted tub and walk-in shower. All this just a short distance from hiking, shopping and entertainment in Cave Creek, Carefree and Far North Scottsdale.

3940 E Mulberry Drive Phoenix, AZ 85018

$1,750,000
6 Beds
4 Baths
3,216 SqFt
Status Active
MLS # 6760009
Property Type Single Family Residence
Price Type --
WOW!!! This is a SHOWSTOPPER in the highly sought after zip code 85018! Professionally imagined and designed, this sophisticated home is ready for its new owner! Mulberry will check ALL the right boxes, 6 bedroom, 3.75 baths, soaring ceilings, GORGEOUS wood flooring and high end finishes/fixtures throughout! Entertaining will be a breeze with the huge OPEN floor plan boasting a beautiful modern accordion door - One that leads to the backyard oasis/pool/firepit. The Chefs kitchen has everything you want and need including a gas range/oven and cook top, double islands with granite countertops. The grand primary suite has a huge custom closet and spa-like bathroom. The list is endless! Create memories in this dream home! No HOA! YOU will LOVE this HOME!!!

5250 E Deer Valley Drive Unit 206 Phoenix, AZ 85054

$1,750,000
2 Beds
2.5 Baths
1,781 SqFt
Status Active
MLS # 6762671
Property Type Apartment
Price Type --
The embodiment of sophisticated design, modern comfort and luxury living, this luxury condominium at The Luxe emphasizes spaciousness and an effortless connection to resort style living. The 2-bedroom former-model residence has been designed with careful attention to detail and craftsmanship evident in every corner including wide plank baseboards, wide plank wood flooring, quartz counters, custom chandeliers and lighting, floor-to-ceiling marble tile surround gas fireplace, custom wall finishes and electronic horizontal window blinds. Whether you're an avid cook or simply enjoy entertaining, the gourmet kitchen will inspire. As functional as it is beautiful, the high-end kitchen centers around a large quartz waterfall island with undermount lighting, wine cooler and seating. Abundant cabinets are framed by custom glass tile backsplash, quartz counters and premium stainless steel appliances including Wolf double ovens, drawer microwave, gas range with hood, and SubZero refrigerator. A formal dining area adjacent to the kitchen creates the perfect ambiance for hosting dinner parties or intimate family gatherings. Soaring ceilings and large 4-panel patio door floods the open concept interior with abundant natural light, opening to an expansive 1200 square foot outdoor living space including covered patio, multiple lounging areas, built-in Coyote barbeque with vent hood, custom lighting and quartz counter. The only patio of this size in the community, the versatile space is a seamless expansion of the interior, allowing for a truly dynamic lifestyle. Located in the main building of the community, world-class amenities designed to enhance your lifestyle are just steps away. Whether you prefer relaxing by the Olympic-sized pool surrounded by lush landscaping, exercising in a state-of-the-art 4000 square foot fitness center with infrared sauna, enjoying movie night in the multi-seat movie room, or partaking in community events, everything you need to rejuvenate body and mind is at your fingertips. Upscale shopping, dining and Mayo are just minutes from the community, with easy access to freeways and championship golf courses. Not to be overlooked, this guard gated residence is made complete with 2 personal underground parking bays and private storage room. For buyers looking for an exceptional property in one of North Phoenix's most desirable locations, this beautiful residence offers the ultimate in sophistication and convenience for full-time or seasonal escapes. Come enjoy some of the very best Arizona has to offer.

10855 E Elba Way Scottsdale, AZ 85262

$1,750,000
6 Beds
5.5 Baths
5,358 SqFt
Status Active
MLS # 6740974
Property Type Single Family Residence
Price Type --
Bring all offers. Welcome to your dream home in Scottsdale's prestigious Treviso community, nestled near the renowned Mirabel Golf Course. This exquisite Toll Brothers residence embodies luxury, privacy, and exceptional craftsmanship. As you approach this magnificent property, you'll immediately notice its impressive presence. The added benefit of an attached Casita featuring a private entrance—perfect for guests or a home office. Step inside to discover an expansive interior with high ceilings and elegant finishes. The backyard is a true retreat, offering unparalleled tranquility with its stunning views of the desert landscape and majestic mountains. Facing the Preserve, you can rest assured that your views will remain unobstructed, offering a serene and private outdoor living spac