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.

Click Here to See What Your Home is Worth

9983 E Mirabel Club Drive Scottsdale, AZ 85262

$5,995,000
5 Beds
5.5 Baths
5,616 SqFt
Status Active
MLS # 6754350
Property Type Single Family Residence
Price Type --
An extraordinary contemporary home, newly completed, with a 5-car garage and 2 room detached guest casita, situated on a large elevated 1.8-acre lot. Located inside the prestigious Mirabel Club community, this home has a South facing orientation, w/ views of Pinnacle Peak, sunsets and city lights. This home has an outstanding mixture of textures & finishes throughout, including exposed textured block, beautiful natural stone surfaces, and wood flooring. The entry is highlighted with a large steel trellis connecting the main house to the guest casita, making a stunning entrance to the home. The open floor plan, combined w/ retractable sliding doors/bar window to a backyard oasis, creates a seamless indoor/outdoor AZ lifestyle, at its finest. Floor plan available under the documents tab. Floor plan is available under the documents tab.

36931 N 102nd Place Scottsdale, AZ 85262

$5,995,000
5 Beds
5.5 Baths
6,482 SqFt
Status Active
MLS # 6772845
Property Type Single Family Residence
Price Type --
For the finest Lineage custom built home on a spectacular Mirabel golf course lot look no further. The open transitional floorplan showcases walls of retractable doors and expansive patios for Arizona indoor/outdoor living at its finest. The resort style backyard offers stunning views of the 10th fairway/green w/ the gorgeous McDowell Mountains as a backdrop and includes a pool, spa, firepit, outdoor kitchen/dining, cantina bar access, & covered seating area w/fireplace. The driveway leads to a generous motor court & two oversized 2 car garages, both offering ample storage. Step from the elegant entryway into the spacious great room featuring a modern stone fireplace, vaulted ceiling, & a 20 ft. retractable window wall that opens to the patio. The luxurious kitchen features Subzero/Wolf appliances, 2 dishwashers, oversized island, stone countertops, and extra-large walk-in pantry w/ additional refrigerator & custom shelving. The butler's pantry has private pass-through door to the formal dining room that boasts a sophisticated glass wall wine room, custom built-ins & French doors that open to the front courtyard. The informal dining area opens to the outdoor kitchen/dining area and is adjacent to the cantina wet bar with fold away windows on 2 sides, perfect for indoor/outdoor entertaining. The master suite has a wall of glass that opens to a private patio & features a stone fireplace, coffee bar w/ mini fridge, & a huge walk-in closet w/ custom built-in cabinets & island plus a full-size washer & dryer. Adjacent to the master is an office/bedroom with private balcony. There are 2 additional guest suites split from master, one is currently being used as a theater. Guests will enjoy their own private oasis in a separate Casita with living room, kitchenette w/breakfast bar, bedroom and bathroom.

10902 E Winter Sun Drive Scottsdale, AZ 85262

$5,995,000
4 Beds
6 Baths
7,649 SqFt
Status Active
MLS # 6768884
Property Type Single Family Residence
Price Type --
THERE IS A FULL GOLF MEMBERSHIP AVAILABLE subject to the club bylaws and membership approval. Amazing Estate home with two room detached casita in the guard gated Mirabel Club Community built on two lots with a gated driveway entering into a large motor court with 6 plus garage bays. The back of the home faces straight southwest with impressive city light, mountain and sunset views. In addition to the 3 ensuite bedrooms in the main house plus two half baths there is an expansive two room detached guest house, a large exercise studio or second office, theatre room with a full sit-down bar, plus a library/office with gorgeous built-in cabinetry. The furnishings and golf cart are available under separate bill of sale. Truly a one-of-a-kind property with room for all the toys and family.

5941 E Lafayette Boulevard Phoenix, AZ 85018

$5,995,000
5 Beds
5.5 Baths
5,181 SqFt
Status Active
MLS # 6776182
Property Type Single Family Residence
Price Type --
Discover the epitome of luxury in ARCADIA PROPER with this stunning NEW Desert Transitional masterpiece by Thomas James Homes. This pre-construction opportunity invites you to customize select interior finishes, allowing you to infuse your personal style into this architectural gem. This residence effortlessly merges modern elegance with practical living. Designed on a grand single level, the home boasts 5 expansive bedrooms and 5.5 bathrooms, each bedroom an ensuite with walk in closet. As you enter, you'll be greeted by a thoughtfully designed interior featuring wide plank wood flooring, custom lighting, and a dramatic floor-to-ceiling fireplace that serves as the centerpiece of the living area. An attached casita will serve your guests well. The gourmet kitchen is a chef's dream, equipped with premium amenities and top of the line Wolf/Sub Zero appliances. Complete with a prep kitchen, ample pantry, pot filler, warming drawer, and double dishwashers. Beyond the main living spaces, the home includes a versatile bonus room and a cozy den or office space. The outdoor spaces are equally impressive, with meticulously landscaped front and back yards that include a luxurious pool and spa, perfect for enjoying the Arizona sunshine and taking in the views. Situated just minutes from upscale dining, shopping, and entertainment, this residence offers both convenience and an exclusive lifestyle. With the opportunity to personalize key elements, this is your chance to create the home of your dreams. Completion is anticipated for Late 2025 -don't let this opportunity pass you by!

19481 N 98th Place Scottsdale, AZ 85255

$5,995,000
4 Beds
4.5 Baths
5,587 SqFt
Status Active
MLS # 6781840
Property Type Single Family Residence
Price Type --
Welcome to this stunning luxury home located in the prestigious Silverleaf community of Scottsdale. This immaculate residence boasts high-end finishes and breathtaking desert views, creating the perfect retreat for those seeking elegance and comfort. The spacious open floor plan is ideal for entertaining, with a gourmet kitchen featuring top-of-the-line appliances and a grand living area that opens up to a beautiful outdoor oasis complete with a sparkling pool and spa connected to a large man cave! The master suite is a true sanctuary, offering a private patio overlooking the picturesque landscape. With designer touches throughout and proximity to world-class amenities, this exquisite home truly embodies sophistication in one of Scottsdale's most coveted neighborhoods.

9808 E Honey Mesquite Drive Scottsdale, AZ 85262

$5,995,000 - 3Br/4Ba -  for Sale in Desert Mountain Ph 3 Ut 35 (sag F Desert Mtn Ph 5), Scottsdale
New
$5,995,000
3 Beds
4 Baths
7,951 SqFt
Status Active
MLS # 6776314
Property Type Single Family Residence
Price Type --
Splendid Mediterranean estate home in Desert Mountain's prestigeous Saguaro Forest Village. On a ridge overlooking Chirircahua golf course, mountains and Valley. First time ever available, embrace a unique opportunity to own this treasure AND a golf membership now! Offered stunningly furnished, with accessories and art curated from world travels. The first level includes the great room with Gatsby bar, oval dining room, chef's kitchen, cozy media room, handsome two-story library, two executive offices, a private two-room guest suite/casita and a most elegant primary retreat with its own entry vestibule, curved view balcony and finely appointed spa bath with double closets. The lower level is accessed by a custom elevator and two stunning staircases offering the following amenities... A meditation area, wine cellar, tasting area, and full spa with steam shower, plunge pool and exercise room. All leading to a hidden Zen garden and access to the pool deck. An award-winning team, all Masters of the Southwest, worked collaboratively to create this masterpiece: UDA Design (Lee Hutchison), Jim Manship Builders, Ashley P Design (Paula DenBoer) and Enchanted Gardens (Donna Winters.) No expense was spared in selecting the finest amenities of stone, cabinetry, Venetian plaster, moldings and finish carpentry, fixtures and hardware, lighting, electronics and landscaping. Enter the private gated courtyard revealing an enchanted Japanese garden, and traverse the arched Japanese bridge that spans a meandering Koi pond and leads to the stunning beveled glass entry. Gas lanterns along the way create a magical setting. The great room offers immediate panoramic views, framed by an artfully coffered ceiling and an expansive wall of windows that span the entire view. A limestone hearth and elegant Gatsby- style bar anchor this dramatic space. There is direct access to the expansive curved veranda styled patio with multiple seating and dining areas, hearth, sunning deck and outdoor kitchen, all beautifully landscaped and overlooking the resort pool, spa, ancient saguaros, a golf fairway and huge Valley vistas. The elegant oval dining room boasts high, coved ceilings, enhanced by Venetian blown glass chandeliers & sconces and floor to ceiling Italian silk window treatments. Dine in a serene setting overlooking the Japanese gardens and Koi ponds. The kitchen is a culinary delight with luxurious stone and cabinet selections, Wolf appliance package, a large sit-up island, breakfast dining room with hearth area, large walk-in pantry and morning patio dining overlooking the Koi pond. An additional powder room is convenient to this area. The South Wing houses the primary bedroom, media room, two offices, powder room and the world-class library. It is announced by a rotunda with intricate flooring, vaulted ceilings and Eastern inspired light fixtures. The dramatic gallery-style vestibule leading to the primary retreat is lighted with a series of elegant lantern-style pendants creating a mystical mood. The plush and cozy media room offers comfortable living room-style seating. The two executive offices, each with views, are outfitted with handsome built-in cabinetry and bookshelves. A dramatic two-story winding staircase joins the upper level of the library with the heart of the library on the lower level boasting a soaring hearth and the most inviting and relaxing reading environment. Both levels are enveloped by floor-to-ceiling custom bookshelves. A two-room guest suite completes this first level wing and offers a generous living room, kitchen bar and king bedroom. The lower level is accessed by a curved staircase from the great room, the circular library staircase and a custom elevator just off the great room. In addition to the library, a handsome wine cellar and tasting area are just beyond. At the north end of the lower level are a steam room & shower, cold plunge pool, third powder room and a large exercise room with kitchen bar. All leading to a private Zen garden with its own water feature, and convenient access to the pool patio and spectacular veranda. The oversized three-car garage has a large workbench area and multiple storage areas, including additional climatized wine storage and two separate storage rooms with shelving. A dog run that is designed for a protected roof is just off the kitchen. The smart home has both Lutron lighting and automatic sun shades throughout. The Crestron system controls music, TV, shades, pool, lighting and climate with control pads throughout the home. Golf Membership to the Desert Mountain Club is available from the Seller. Buyer canl make application to the Club and allow 30 days for application process. The Golf Membership may be changed to a Lifestyle Membership at closing at Buyer's discretion. The Club can provide details.

8877 E Charolais Drive Scottsdale, AZ 85262

$5,995,000
3 Beds
4 Baths
6,028 SqFt
Status Active
MLS # 6769366
Property Type Single Family Residence
Price Type --
Stunning contemporary elevated hillside estate home with outstanding Valley and mountain surround views from every room, on 18 acres in gated community of Carefree Ranch Homesteads. Private electronic gate opens to a long level driveway with a 62' turnaround and extra parking for easy maneuvering into a double-sized RV garage. Wet bar with full size refrigerator. two dishwashers, disposal and large wine chiller. Theater and sound system with state of thee art electronics and ten foot screen. Dining room has a built in lazy susan table for 8, with warming drawer and buffet. Kitchen includes two dishwashers and a warming drawer. Spacious complete guest house with great views, living room and full-size kitchen appliances including washer/dryer. Motor shades, inside and out, Lutron lighting. Floor to ceiling windows provide xpansive views with North, South and East exposures. There are a few steps throughout this virtually one level home. Up to 4 horses allowed on the property. Additional features: 3 Bedrooms & 3 Half Baths, Manned Gate at Community Entry, Camera at private front gate, Lightning Protection System, 2 BBQ's, 4 HVAC Zone (and multiple thermostats), Internet by Air Fiber, Currently Dish Network, Propane hot water heaters, Water purification system, 1000 gallon H2O tank, Pest tubes built in, RV dump station, Full workshop area with sink and half bath, Up to 9 cars without stacking, Stackable RV garage, Room for 2 RV's, boats or all terrain vehicles.

9701 E Happy Valley Road Unit 10 Scottsdale, AZ 85255

$5,995,000 - 5Br/5Ba -  for Sale in The Peak, Scottsdale
Open House
$5,995,000
5 Beds
4.5 Baths
5,745 SqFt
Status Active
MLS # 6758072
Property Type Single Family Residence
Price Type --
Move-In Ready! Extraordinary opportunity to bypass new construction build time! A magnificent 'jewel-of-the-desert' resort-style residence awaits you on a signature 4.5 acre homesite, commanding unobstructed, majestic Pinnacle Peak & forever City Light Views. Experience the allure of a completely reimagined & designed Salcito estate (finished 2024) that epitomizes timeless style in prestigious North Scottsdale - one of the most desirable destinations in the Valley. Amidst an enchanting saguaro-studded landscape & botanical desert oasis, is your opportunity to experience an unparalleled Arizona estate, seamlessly blending refined elegance with beautiful contemporary style & finishes. See SPEC SHEET details for every modern convenience & amenities - what you would expect in a luxury setting With 4.5 acres of flat developable land, there is plenty of room to expand more livable area with a detached casita, addl garage areas (auto-storage/car display), a pickleball or a tennis court, with HOA & City of Scottsdale approvals, permitting process. As you wind your way up the tree-lined paved driveway, a profound sense of arrival envelops you. The Peak 10 stands proudly within the secure confines of The Peak gated community, with 360-degree panoramic views, from the majestic Pinnacle Peak and surrounding Troon and McDowell Mountains, the sweeping vistas extend to glittering city lights below and vibrant sunsets. Every glance offers a monument to nature's grandeur and the height of sophistication. Step inside and be transported to a realm where modern design meets refined living. With over 7,900 square feet under roof, this residence has been meticulously re-envisioned inside and out with a desert-neutral palette and premium finishes that elevate your senses. The grand glass entryway welcomes you with a flood of natural light, highlighting a see-through marble-encased fireplace and a custom LED-lit floating wood and steel staircase. An enclosed elevator ensures effortless access to the private upstairs guest quarters area, where guests will revel in their own luxurious retreat. The heart of this home is a culinary masterpiece - a kitchen that seamlessly marries beautiful form and function. Equipped with top-of-the-line Thermador appliances, a striking ijen blue quartzite waterfall island, and pristine white crystal quartzite surfaces, this kitchen is as practical as it is breathtaking to behold. Adjacent to the kitchen, the entertainment area with illuminated crystal quartzite bar and backsplash, a glass-encased wine display provides the perfect setting for unforgettable gatherings and daily living. Indulge in a luxurious setting of over 1,650 square feet of shaded outdoor living space. The resort-style backyard features a linear aquamarine pool and spa, framing an awe-inspiring backdrop of Pinnacle Peak. Imagine mornings spent sipping coffee outdoors by the fire-table or evenings enjoying cocktails as the flames of the gas-burning fire-rock feature dance against the twilight sky. The full outdoor kitchen area stands ready to host your most festive celebrations. Privacy and tranquility define this desert sanctuary, yet you are mere moments away from Scottsdale Airpark FBO with world-class aviation services and amenities. Indulge in Scottsdale's vibrant culinary scene, luxury shopping, and world-renowned golf courses. The Peak 10 is more than a home - it's a destination where every day feels like a luxurious retreat. Don't miss this extraordinary opportunity to own a residence that is not just a place to live but a testament to the finer enjoyment of life. For a comprehensive list of features and amenities, please refer to the detailed Feature/Spec Sheet. Experience Peak 10. Elevate your lifestyle to new heights.

5815 N Kiva Lane Paradise Valley, AZ 85253

$5,990,000
4 Beds
4.5 Baths
4,305 SqFt
Status Active
MLS # 6776483
Property Type Single Family Residence
Price Type --
For the refined buyer seeking exceptional craftsmanship, exquisite finishes, and a serene home with enduring grace and effortless comfort. Experience timeless sophistication in this one-of-a-kind Desert Jewel Box, ideally located in the heart of Paradise Valley, with breathtaking views of Camelback Mountain, the McDowell Mountains, Four Peaks, Mummy Mountain, and the Phoenix Mountain Preserve. Designed by acclaimed architect Susan Biegner of Biegner-Murff and expertly constructed by Nance Construction, this home showcases impeccable artistry and attention to detail, from its hand-applied lime wash to the steel windows, doors, and custom plaster fireplaces. Enter through the front courtyard into the formal living room, where sweeping views of Camelback Mountain and the iconic Praying monk greet you. The backyard oasis, complete with a sleek linear pool and lush landscaping, serves as the perfect focal point, visible from nearly every room. Sunlight pours over French Oak floors, creating an inviting and spacious atmosphere throughout the home's open floor plan. The family room, featuring a unique hand-plastered fireplace, flows seamlessly into the chef's kitchen, which boasts marble countertops, a waterfall island, a Sub-Zero refrigerator, and a La Cornue range. The kitchen overlooks the tranquil center courtyard, complete with a water feature and an Orchid tree, adding to the home's serene ambiance. Retreat to the primary suite with its spa-like bathroom, offering stunning views of Camelback Mountain, dual vanities, a glass-enclosed shower, a soaking tub, and an expansive walk-in closet. Each secondary bedroom includes en suite bathrooms, and the office or fourth bedroom features a private entrance from the center courtyard. The exterior grounds provide both privacy and space, with lush lawns, desert landscaping, and a sparkling pool with steps leading to a submerged spa. Whether relaxing under the ample shade or enjoying the desert's endless sunsets and starlit skies, this Paradise Valley home is an extraordinary retreat.

160 N Country Club Drive Phoenix, AZ 85014

$5,975,000 - 5Br/6Ba -  for Sale in Country Club Place, Phoenix
Open House
$5,975,000
5 Beds
5.5 Baths
5,777 SqFt
Status Active
MLS # 6786539
Property Type Single Family Residence
Price Type --
Blending timeless elegance with modern sophistication, Villa Sereno masterfully combines historical charm with contemporary design. With refined, simplified ornamental details, a graceful gable roof, and a Zaguan-inspired entry, this home creates a seamless connection between indoor and outdoor living. Every thoughtfully crafted corner offers a peaceful retreat, transforming the property into a serene sanctuary. Situated in a tranquil, sought-after location on the 14th green of the prestigious Phoenix Country Club, the 0.64 acre estate offers unobstructed views down the entire parkland-style course. The home comprises 5,777 livable square feet and 8,713 sf under roof and includes a 4-plus car, 1,515 sf garage and separate Casita. Discover something truly special.

4601 N 49th Place Phoenix, AZ 85018

$5,950,000
5 Beds
5.5 Baths
5,764 SqFt
Status Active Under Contract
MLS # 6766330
Property Type Single Family Residence
Price Type --
In the heart of Arcadia proper, the most exclusive and desirable neighborhood in Phoenix, this modern farmhouse built in 2017 is the perfect family home. Featuring 5764 sqft on .61 acres (all one level, no interior steps), the masterfully designed floorpan offers 5 bedrooms, 5.5 bathrooms, formal & informal entertaining areas, an office, & a playroom/flex room (playroom can easily be converted to a 6th bedroom). The enchantment begins at the curb where a lovely brick walkway leads to front courtyards including a picture-perfect outdoor living room with a very special exterior fireplace. Upon entering, take in the warmth of the textures from hardwoods to brick accents, hand-cut beams and tasteful wall paneling. The great room is the heart of the home with abundant space for entertaining, dining & lounging. The chef's kitchen features designer finishes, requisite appliances (Sub Zero, Wolf), and a bar with gravitas. The lush backyard offers views of Camelback Mountain, a saltwater pool, spa, outdoor kitchen, plus plenty of grassy areas for play. The primary suite with a private den is a romantic escape at the end of the day. Other pertinent details include: Control 4 home automation and speakers inside & out. Owned 18.72 kW solar added in 2022 (near net zero) with integrated battery system. 3-car garage with huge workshop area and Tesla charger. Perfectly located equidistant (3 miles) to Old Town Scottsdale and also the Biltmore, Arcadia offers suburban charm with urban convenience. There is a unique sense of community here where neighbors strolling and biking is the norm. Walk to Hopi Elementary School and only 1.7 miles to Phoenix Country Day School. 6.2 miles to Sky Harbor Airport and 11.6 miles to Scottsdale Airport.

1392 Moqui Drive Happy Jack, AZ 86024

$5,950,000
8 Beds
10 Baths
8,144 SqFt
Status Active
MLS # 6768570
Property Type Single Family Residence
Price Type --
Welcome to Northern Arizona's premier Log Ranch. Over 8,000 sqft on 120 acres offering privacy and breathtaking panoramic views. Arrive under an illuminated porte-cochère, and you're greeted by expansive terrace views and a profound sense of peace—an experience reserved for only a fortunate few. Featuring 150-year-old hardwoods sourced from an old whiskey factory and stunning beamwork reclaimed from a shipwreck. Relax in an observatory room with a retractable roof, perfect for stargazing. The kitchen has granite countertops, a commercial-grade range, and both casual and formal dining areas. Outdoor amenities include fire pits, a swim spa, and a flagstone patio for serene relaxation. With a private well, solar system, and generator, this retreat is self-sufficient and luxurious.