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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16522 N 109th Street Scottsdale, AZ 85255

$1,650,000
4 Beds
3 Baths
3,597 SqFt
Status Active Under Contract
MLS # 6724674
Property Type Single Family Residence
Price Type --
Beautifully Renovated 4 Bed, 3 Bath Expanded Floorplan Home in McDowell Mtn Ranch. Open floor plan with a Huge Entertainment area encompassing the Kitchen, Dining and Family Room. Renovated Kitchen with 8 Burner Meile Range with Double Oven, 3rd Oven/Microwave Combo, Upgraded Professional Rangehood, Dishwasher, New Refrigerator, Quartz Countertops, Farm Sink, RO, Full Pantry, Full Tile Backsplash, Under-cabinet Lighting, Renovated cabinets, Beverage Center w/Wine Refer, Huge Quartz Island with seating, Wide Plank European Oak, 3 Renovated Baths in the Contemporary Style, Master Bath Features Matte Marble Tile with Wainscot, Forced Air Kohler Tub (no tubes) His and Hers Walk in Closets, Separate Water Closet, Huge Master Bedroom with Seating area, Wood Shutters, Electric Shades in Family Electric Shades in Family and Front Room, Office with Wall to Wall to Wall built-ins, Large Den with Built in Guitar or Art Case with Accent Lighting, Lush Back Yard that Borders NAOS, Huge Free-Form Pool, Extended Covered Patio, Seating area with Firepit and BBQ and City Light Views. Seller will pay off Solar Lease at COE and Buyer will have payment free, warrantee'd solar service for the remaining length of the lease (aprox 8 years) at which time Buyer can cancel and have the system removed free of charge or continue as they wish!

718 Kohners Ridge Drive Happy Jack, AZ 86024

$1,649,900
6 Beds
4 Baths
7,566 SqFt
Status Active
MLS # 6735196
Property Type Single Family Residence
Price Type --
Welcome to your dream home in Happy Jack, Arizona! This stunning single-family property is located in the gated community of Starlight Ranchettes, and offers a luxurious and spacious living space that is perfect for families. Featuring 6 bedrooms and 3.5 bathrooms, this home provides ample space for everyone in the family to have their own private oasis. The dining room with bay windows is perfect for hosting dinner parties and gatherings, while the vaulted ceilings and antler chandeliers add to the elegance and charm of this home. One of the highlights of this property is the breathtaking views that can be enjoyed from multiple decks. Imagine sipping your morning coffee or winding down after a long day while taking in the serene and picturesque scenery. The bunkhouse above the garage provides a versatile space that can be used as a guest room or large office. The hickory cabinets, large kitchen island/ breakfast bar, desk area, walkin pantry, in the kitchen add a touch of sophistication while providing functionality for all your cooking and entertainment needs. Relax and unwind after a long day in the master bathroom jetted tubs or soak up the sun on the sun deck. With 4 back decks, there is plenty of outdoor space to enjoy the beautiful weather and entertain guests with the most amazing million dollar views. For pet owners, the dog run fenced area provides a safe and secure space for your furry friends to roam. The gas fireplace, wet bar, exposed wood beams, antler chandeliers add warmth and character to the home, creating a cozy and inviting atmosphere. Additional features of this property include 2 car garage, as well as a 1.5 garage around the back for all your toys.. This home also offers stainless steel appliances, bay windows, dual-pane windows, wood doors, and a fully finished basement with a game room, that could be used for more sleeping space too. . With a lot size of 2.07 acres and a large floor , there is plenty of room to grow and make this house your perfect home or bring the entire family. House comes furnished and seller is offering a $12,000 to buyer at COE for flooring allowance. Take a day and go exploring with great walks, bicycling, hiking, off road vehicles and more.. Don't let this future home pass you by.

12231 N 74th Street Scottsdale, AZ 85260

$1,649,000
4 Beds
4 Baths
3,680 SqFt
Status Active
MLS # 6770544
Property Type Single Family Residence
Price Type --
This beautiful Scottsdale home is full of character and ready to inspire you. A unique floorplan and layout gives the home a custom feel, with so much functional space, including a loft perfect for work or play. A grand staircase is the center of the home leading to upstairs bedrooms. All rooms are incredibly spacious, with primary bedroom featuring sitting area and impressive walk-in closet space. Amazing value in the casita built in 2018 with walk-in closet, full bath, and private entrance. The stunning backyard doesn't stop there - on nearly half an acre it is a lush oasis with saltwater pool, mature landscaping, misting system, built in BBQ, turf and more to make this house a home.

8919 E Calle Del Palo Verde -- Scottsdale, AZ 85255

$1,649,000
3 Beds
3 Baths
2,891 SqFt
Status Active
MLS # 6731379
Property Type Single Family Residence
Price Type --
Best value in Canada Vistas. Updated and well cared for home in a most desirable North Scottsdale GATED COMMUNITY. This home is ready to move in boasting it's Gourmet Kitchen with high end appliances . Manicured yard on quiet interior lot makes this home stand out! Better hurry as it is priced to sell!!

733 E Campbell Avenue Gilbert, AZ 85234

$1,649,000
8 Beds
7 Baths
5,734 SqFt
Status Active
MLS # 6768166
Property Type Single Family Residence
Price Type --
Welcome to your oasis of luxury and entertainment in Gilbert, where this nearly acre property offers unparalleled amenities without the burden of an HOA. The meticulously maintained landscape is irrigated for a mere ~$200 annually, ensuring lush surroundings year-round. Step inside to discover a renovated kitchen, featuring a stunning quartzite island and an inviting eat-in nook perfect for casual dining. Equipped with double ovens, gas stoves, a beverage fridge, and a separate ice maker, this kitchen is designed to cater to both everyday family meals and grand gatherings. Pull-out drawers in the cabinets provide effortless storage solutions, while the adjacent dining room comfortably seats over 14 guests. This home boasts not one but two primary bedrooms, each offering private walk-in showers and baths. The main level hosts a primary bedroom with dual closets, an adjoining office space, and a luxurious ensuite bathroom. Upstairs, the East wing features a spacious loft area and another expansive primary bedroom with a walk-out balcony. The basement has been tastefully remodeled with new flooring and a modern bathroom featuring a walk-in shower and vanity offering multi-generational living possibilities and ample entertainment spaces. Recent upgrades, completed approximately one year ago, include four new high-efficiency air conditioner units, a new dishwasher, new garbage disposal, new washer and dryer and piped gas lines for future tankless water heaters. The home is equipped with an ADT security system, water softener sytstem and outdoor WiFi coverage. Outside, enjoy a comfortably insulated attic room, a patio misting system and professionally maintained chimney and fireplace services. The beautiful pool has a new underwater light. Located near Freestone Park with abundant walking and biking paths. Don't miss the chance to own this rare Gilbert gem!

7638 E Shooting Star Way Scottsdale, AZ 85266

$1,649,000
4 Beds
2.5 Baths
3,284 SqFt
Status Active
MLS # 6771131
Property Type Single Family Residence
Price Type --
Experience luxurious living in this stunningly remodeled home located in the guard-gated Winfield community, nestled between Whisper Rock and The Boulders. This elegant residence features an open-concept design with designer finishes, soaring ceilings, and large windows that fill the space with natural light. The gourmet kitchen, equipped with a spacious island and prep kitchen, is ideal for entertaining. The primary suite serves as a tranquil retreat, complete with a spa-like bath and generous walk-in closet. This home exemplifies sophisticated design. Enjoy easy access to golf, dining, and shopping in one of North Scottsdale's premier communities. Welcome to your serene sanctuary!

17667 E Cindercone Road Rio Verde, AZ 85263

$1,649,000
4 Beds
3.5 Baths
3,243 SqFt
Status Active Under Contract
MLS # 6713753
Property Type Single Family Residence
Price Type --
Refined bespoke luxury, this 2022 built soft contemporary designed residence is perfectly located in one of the valley's most scenic locations in the world class Trilogy community. This highly coveted Orion floor plan with rare 4th Bedroom Option and luxurious appointments is simply exquisite. With 4 BEDROOMS, 4.5 bathrooms and DEN or office AND a FLEX/MEDIA ROOM including a luxurious primary suite, there's plenty of room for everyone in the family. You'll love the soaring ceilings, and a Chef's dream kitchen with a massive center island for entertaining, high-end THERMADOR appliances and custom cabinets. The striking open floor plan includes upgraded wood flooring, custom lighting and 15ft wall of glass opening to outdoor living perfect for quiet moments of reflection or joyful enterta ining, the resort-like south facing backyard rests along a tranquil NAOS area with stunning views of Four Peaks. An expansive covered patio includes an outdoor fireplace with oversized TV & barbeque, perfect for al fresco dining or entertaining. It is an ideal spot to relax, unwind, and soak up the natural beauty that surrounds you. Don't miss this opportunity to own a truly remarkable property in the prestigious Trilogy at Verde River.

3523 E Cashman Drive Phoenix, AZ 85050

$1,649,000
5 Beds
3.5 Baths
3,710 SqFt
Status Active Under Contract
MLS # 6730295
Property Type Single Family Residence
Price Type --
This stunning two-story home in the highly sought-after Sky Crossing Community features a great room floor plan with 5 bedrooms, 3.5 baths plus office/den, and a resort-like pool. Nestled at 3523 E Cashman Drive, Phoenix, AZ 85050, home is 3,710 sq ft and sits on a 15,308 sq ft oversized corner lot, one of the largest in Sky Crossing. Feel right at home in the Chef's kitchen with upgraded stainless appliances, a gas cooktop, an oversized island with seating, quartz countertops, and beautiful wood-look plank tile flooring that flows elegantly throughout the home. Enjoy the expansive backyard with an outdoor Ramada area and a resort-like pool featuring a swim-up bar, two baja shelves, a spa and multiple water features. Feel comfortable and relaxed while creating many memories for years!

1811 E Cliff Rose Drive Payson, AZ 85541

$1,645,000
3 Beds
4 Baths
3,761 SqFt
Status Active
MLS # 6774507
Property Type Single Family Residence
Price Type --
This custom built masterpiece literally checks ALL the boxes. True single level living, 3 beautiful en suite bedrooms, 1115 square foot 4-stall garage, 1200 square foot composite deck with outdoor kitchen that offers fantastic views, has power screens to allow the disappearing wall of windows in the great room to become a wonderful indoor/outdoor experience. Hickory hardwood flooring, 8' Alder doors. Extremely energy efficient with geo-thermal heating & cooling, buried propane tank, pre-plumbed for generator, whole home water filter. The interior appointments are just sensational and too numerous to list. Membership of choice.

2850 E Boot Track Trail Gilbert, AZ 85296

$1,645,000
4 Beds
3.5 Baths
3,806 SqFt
Status Active
MLS # 6740749
Property Type Single Family Residence
Price Type --
Welcome to this unrivaled gem in Warner Groves at Morrison Ranch, now available! 4 beds, 3.5 baths, game room, den, & dining (enclosed with french doors & can be used as bedroom). This beauty flaunts a well-manicured landscape, brick detailing, a cozy front porch, and a 3-car garage with a paver driveway. Prepare to be impressed by an exquisite interior featuring an inviting hallway adorned with pendant lighting! The spacious living room highlights expansive windows, recessed & decorative light fixtures, calming color schemes, gorgeous hardwood floors, and a built-in entertainment hutch with an electric fireplace. The heart of this home is the stunning eat-in kitchen, designed with high-end SS appliances, including a gas cooktop and a wall oven. Elegant quartz counters, recessed lighting, a subway tile backsplash, a plethora of white shaker double stak cabinetry, a walk-in pantry, and a large island with a breakfast bar elevate the space. Discover a sizable den with stylish tile flooring and a charming chandelier ideal for a home office. The two bonus rooms are excellent for an additional bedroom or a game room! Find your sanctuary in the romantic main suite, showcasing a luxurious ensuite with a sliding barn door, dual vanities, a stand-alone tub, a seat-in tiled shower, a walk-in closet, and direct backyard access. Secondary bedrooms enjoy a Jack & Jill bathroom. Modern conveniences include a water softener and a tankless water heater. The home's elegance extends outdoors to the enchanting backyard. A covered patio, a Travertine tile flooring, artificial turf, a built-in BBQ, and a crystal blue pool complete the picture. Excellent location! It has easy access to the 202 and 60 freeways, restaurants, shopping, and more. Plus, it's within the highly rated Gilbert Schools district. Hurry! Your paradise awaits!

5960 E Pershing Avenue Scottsdale, AZ 85254

$1,645,000
4 Beds
2 Baths
2,750 SqFt
Status Active
MLS # 6736871
Property Type Single Family Residence
Price Type --
Complete remodel with the finest finishes. 4/2 plus den, & event room 6 burner stove/oven with pot filler, griddle and wok, full extension soft close cabinets, quartz counters, 6 person island seating, custom red brick back slash, farm sink, Plank Tile Floors, high end luxury custom lighting throughout, double opening slider for indoor/outdoor living, pebble flooring in master rain shower, deep soaking tub, double sink, custom built in walk in closet, private master patio, gold luxury lighting, complete interior and exterior paint, travertine tiled patio, extended patio covering, outdoor kitchen and sink, on demand hot water tank, all new windows, two large custom pergola gazebos with curtains and lighting, high end turf, waterfall and rock designed pool with shallow ''kid'' area, CLICK M huge covered parking and triple wide gate for toys and cars, 4 storage sheds, extended event space, media room, bar with quartz, custom cabinets, wine fridge, new HVAC, insulation, electrical, new hardware through out, new doors, custom window insets and front door installed, a true paradise for living, entertaining and running a business from your very own home

5600 S Ashley Drive Chandler, AZ 85249

$1,645,000
4 Beds
4 Baths
4,031 SqFt
Status Active Under Contract
MLS # 6697520
Property Type Single Family Residence
Price Type --
Beautiful 4br+den/4ba custom home on one of the largest lots (1.25+ acres) in prestigious Circle G neighborhood that includes some of the finest homes in S. Chandler. Numerous improvements and tasteful upgrades throughout this traditional Adobe home. Parklike backyard includes basketball/pickleball court, lighted batting cage, playset, citrus grove, pond with waterfall, and mature desert landscaping throughout. Inside is a fabulous split floorplan with large primary suite with fireplace, jetted tub, and separate exit to backyard. Large office/5th bedroom with full bath off main entrance and three, large secondary bedrooms. Two bedrooms are easily converted to an in-law suite with adjoining jack-and-jill bathroom. Come see everything this wonderful home has to offer!