According 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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6228 N Cattletrack Road
Scottsdale, AZ 85250
$5,500,000
5
Beds
8.5
Baths
5,161
SqFt
Status
Active
MLS #
6724076
Property Type
Single Family Residence
Price Type
--
This to be built prime 1.9-acre parcel is located just south of Lincoln on the Scottsdale/Paradise Valley border, placing you in the heart of Scottsdale's best shopping, restaurants, and golf courses. Originally two parcels now combined you get one of the larges lots in the area. The property has approved plans with car garage, multiple dwellings and luxurious design by Kendle Design collaborative. Price reflects lots and completed plans and engineering. Don't miss this incredible opportunity to live the Scottsdale lifestyle!
20242 N 103rd Way Unit 1246
Scottsdale, AZ 85255
$5,500,000
5
Beds
5.5
Baths
5,463
SqFt
Status
Active
MLS #
6778867
Property Type
Single Family Residence
Price Type
--
Esteemed location in Silverleaf, desirably located in the Windgate Pass guard gate this stunning custom ranch estate is beaming with charm and character. Architecturally striking curb appeal with welcoming grass front yard with spacious entertaining courtyard with fireplace and covered porch entry. Well-designed home plan offers functionality and sophistication, with the great room as the heart of the home anchored with a grand stone fireplace with soaring wood beam lined ceilings and wrap around wet bar, spacious secondary ensuite bedrooms, executive office and plus den with dual access to great room and secondary bedroom wing, this gem offers optimal living experiences. Inviting kitchen oversized eat in island opens to front covered porch convenient for relaxing and unwinding, or perfect for social gatherings in front courtyard. Refined style, with impressive details woven throughout including wood accented ceilings with beams, tongue/groove, coffered, and brick features, stone and wood flooring, and wood window shutters. Enchanting backyard boasts Sonoran Mountain views featuring heated pool and spa with lounging hardscape, expansive covered patio with fireplace, built-in BBQ and ramada for entertaining, firepit with sitting area, and generous turfed grass area. Sought after location, conveniently located near neighborhood parks and lake, this ranch one story with no stairs or step downs will impressive the most discerning clients.
42035 N 113th Way
Scottsdale, AZ 85262
$5,500,000
5
Beds
4.5
Baths
5,416
SqFt
Status
Active
MLS #
6758699
Property Type
Single Family Residence
Price Type
--
Immediate Lifestyle Membership to the Desert Mountain Club is available from Seller! Enjoy sweeping Valley, sunsets and city light views from this elevated Apache Peak setting, nestled into a 1.6 acres featuring impressive outcroppings and stunning saguaros. The newly remodeled interiors offer today's convenient lifestyle and light finishes, while preserving the charm of it's original Southwest spirit. Discover the sculptural lines throughout that offer visual interest in the walls, ceiling and hearth details rarely found in available homes today. Appreciate each room's unique beauty, from the magnificent great room hearth to the state-of-the-art chef's kitchen. The main home with three bedrooms and office is complimented by a nearly 1000 sf 2-bedroom & great room casita Non-stop Valley views can be seen from all of the public spaces of the home: great room, dining room, kitchen and family room. The remodel includes soft white walls throughout, complimented by richly refinished alder doors and beams in a rich espresso. A new wood-framed front door and sidelights are enhanced by Taliesin-styled clear art glass. The open great room and dining room boast unique ceiling details with a focus on the artisan-designed sculptural hearth that is the essence of the home's architectural style. A stunningly remodeled culinary center by Camerucci Montenegro Design holds many surprises from designer appliances, to creative and plentiful cabinet storage, to inspired LED lighting that magically changes color to match your mood or holiday occasion. White floor-to-ceiling tile, natural stone and pendant lighting compliment the natural lighting and views. The primary wing includes an office with mountain views and a large bedroom that overlooks the sundeck with valley and city views, also boasting a large spa-like bath plus a stacking washer/dryer. The sprawling patio offers two distinct areas, both with a front row seat to grand views: a dream outdoor kitchen with dining and bistro seating, and an expansive sundeck with pool and spa. A very private casita offers spacious accommodation for guests, showcasing a great room with hearth, kitchenette & bar, and two bedrooms sharing a Jack & Jill bath with stacking laundry. With a greatroom king sleeper sofa, this casita easily hosts 6 guests. The owners enjoy this entire casita as flex space, utilizing the great room area as a music/band studio, one bedroom as a music composing studio with queen convertible sofa, and another bedroom as a home gym with king Murphy bed... all designed to be easily convertible to a customary housing arrangement for family and guests. The three-car oversized garage is a car-lovers dream, with over 30 linear feet of red and grey steel cabinets/ workshop/ storage space, gray epoxy floors, electric car outlet, plus full-sized Gladiator freezer and refrigerator duo. The remodel includes all new baths, wood flooring, updated HVAC units and water heaters ( 2 of the 3 are tankless.) All in fabulous Desert Mountain with 7 golf courses, 10 restaurants, state-of-the-art tennis/fitness center and spa, 25+ miles of private hiking trails, bocce, croquet and a myriad of activities and year-round events for the entire family. Furniture is available by separate Bill of Sale. The Seller's Lifestyle Membership is available by application to the Desert Mountain Club. Buyer may elect to purchase it, with NO WAITLIST, at Close of Escrow - through the Club at Buyer's expense. After purchasing this Lifestyle Membership, Buyer may in the future elect to waitlist with the Club for a Golf Membership. This Lifestyle Membership may be maintained, as such, permanently. This is a rare opportunity for a Buyer to own a Lifestyle Membership, where only Golf Memberships are available to new applicants.
1030 Circula De Hacienda --
Lake Havasu City, AZ 86406
$5,500,000
4
Beds
6
Baths
4,956
SqFt
Status
Active
MLS #
6765751
Property Type
Single Family Residence
Price Type
--
Elegance meets functionality in this 4,956 sq/ft residence on nearly an acre in Havasu Foothills Estates. With 4 bedrooms, 6 bathrooms, an office, game room, and an interior courtyard, this home exudes luxury. The great room features 16' ceilings, a fireplace, pocket sliding doors for indoor/outdoor living, and custom ceilings. The gourmet kitchen boasts two granite islands, a Viking range, double oven, and built-in fridge. The master suite includes large windows, a sitting area, and a luxurious bath with marble countertops, a cast iron tub, and a walk-through shower. The backyard features two covered patios, a pool, a 10'x10' spa, two fire pits, and an outdoor kitchen. The property also offers an attached 4-car garage, plus a detached 80' deep double RV garage with a deck and lake views.
8922 E Covey Trail
Scottsdale, AZ 85262
$5,500,000
4
Beds
4.5
Baths
5,490
SqFt
Status
Active
MLS #
6492823
Property Type
Single Family Residence
Price Type
--
Membership available at increased price. Ground Break in Feb 2024- New build in Desert Mountain's Village of Gambel Quail Preserve Lot 215. Spectacular combination of Black Stone Development and Graffin Design on this cutting edge contemporary home featuring everything that today's buyers are seeking! Home features 4 bedrooms, office oversized laundry room and four car garage. Ideal great room floor plan. Oversized master bedroom with spa like bath and dual closets. A chef's kitchen with all the latest in high end appliances and cutting edge finishes that spill out to the patio through walls of glass, multi slide door systems and into the outdoor living, dining, patio, pool/spa and outdoor kitchen for today's outdoor living needs. Enjoy ample storage for autos and outdoor adventures in the four car garage with additional storage closet. Views include surrounding mountains including Lone Mountain, Black Mountain, The Continentals, sunsets and Desert Mountain night lights. The location of Gambel Quail Preserve is close to the main gate for quick access to shopping and dining. Additional community amenities include golf, biking and hiking trails. The Sonoran Fitness Center (spa, pickle ball, tennis, swimming, fitness facilities and much more) is nearby.
8510 E Tecolote Circle
Scottsdale, AZ 85266
$5,500,000
4
Beds
5.5
Baths
5,867
SqFt
Status
Active
MLS #
6564657
Property Type
Single Family Residence
Price Type
--
This 5,867/sf ''Palo Blanco'' Ranch Hacienda style home is currently being constructed on 2.17 acres of beautiful Sonoran desert within the private and gated 8 home enclave of Windmill. The luxurious home is all on one level with an open floor plan with great room, dining, living and sitting rooms, 4 bedroom en-stuites , den/office, 6 baths, fitness room and a 4 car garage. It is filled with high end features including 3 fireplaces, gourmet center island kitchen with Subzero and Wolf appliances and two dishwashers, Butler's pantry, covered patios, covered patios, courtyards, water & fire features, negative edge pool with spa and BBQ. Lots 5 and 7 are also available with soon to come custom homes.
29646 N 109th Place Unit 128
Scottsdale, AZ 85262
$5,500,000
4
Beds
5.5
Baths
6,541
SqFt
Status
Active
MLS #
6693328
Property Type
Single Family Residence
Price Type
--
Brand New Construction! Just completed! Featuring timeless architecture with contemporary flair this new masterpiece by Red Moon Homes is the perfect getaway to the Sonoran Desert. Open & airy great room concept plan with sleek wet bar and grand fireplace. Main living spaces connect to expansive outdoor patios, refreshing pool/spa, BBQ, mountain views, and spectacular sunsets. Upstairs is a bonus room with full bathroom and view deck. The serene primary suite features a spa like bathroom and designer closet which connects to the laundry room. Split are two additional bedrooms & den/optional 4th bedroom all with ensuite bathrooms. Kitchen features top of the line appliances with an oversized island & connecting breakfast nook.
10761 E Buckskin Trail
Scottsdale, AZ 85255
$5,500,000
5
Beds
8
Baths
8,382
SqFt
Status
Active
MLS #
6757384
Property Type
Single Family Residence
Price Type
--
*HUGE Price Adjustment! Absolutely Jewel of a house, now really priced to sell!!! No Way can this be duplicated for even close to this price. This contemporary Southwest masterpiece, designed by Tor Barstad and completed in late 2015, spans 8,382 square feet. Situated on a prime lot, the home boasts panoramic views capturing stunning sunsets, Pinnacle Peak, and dramatic boulder landscapes. The owners have meticulously refined every detail, from custom window treatments and mature landscaping to perfecting the outdoor living spaces and addressing all new home adjustments, ensuring that this house is the epitome of move-in ready. The residence features an expansive open floor plan that includes five bedrooms, an office, an exercise room, and a bonus room, with nearly all living space A highlight is the fully-equipped bakery adjacent to the kitchen, which also features an oversized bar, a large wine cabinet, and expansive pocket doors that enhance the flow between the great room and kitchen. The designer kitchen is a culinary dream, equipped with four ovens (including LaCornue Chateau and Viking), multiple Sub-Zero refrigerators and freezers, two Viking microwaves, dishwashers by Asko and Fischer & Paykel, two Scotsman icemakers, and a Wolf warming drawer. The home's interiors are both modern and inviting, with light finishes, limestone and wide-plank wood floors, granite and marble countertops, and custom details such as brick and wood ceiling treatments, bespoke plumbing fixtures, lighting, and a comprehensive house-wide audio/visual system. The backyard is an entertainer's paradise, featuring a large pool and spa, three fire elements, an outdoor BBQ center with a spacious island, multiple covered patios, and even an outdoor pool shower and bathroomall set against the backdrop of Troon's iconic rock formations. This private, guard-gated community is just moments from the Troon Country Club and only ten minutes from the Loop 101, blending exquisite privacy with convenience.
10627 E Hedgehog Place
Scottsdale, AZ 85262
$5,500,000
4
Beds
5.5
Baths
5,873
SqFt
Status
Active
MLS #
6702937
Property Type
Single Family Residence
Price Type
--
PINNACLE PEAK HILLSIDE CUSTOM RESORT HOME: Perched high on the mountain, backs to ''The Rocks'' and Four Seasons. The main house is 4917 sf with 360 degree views and features reclaimed solid wood floors, rustic beam ceilings & organic stones incorporated throughtout, Huge Chef's Kitchen with Double Sub Zero and Wolf apppliances. Kitchen is open to the dining area with two 10' tall vanishing patio doors. Primary bedroom has fireplace/private deck to the outside living areas. Two more bedrooms, lower level and very private den/office with expensive views. Extraordinary Guest House is over 900 square feet w/Bedroom, separate Living Room, Kitchen Area, W/D, & Full Bath. Complete home automation w/remote access to control temperature, lighting, alarm and pool & spa and Automated shades. Multiple fireplaces, patios & private balconies showcase panoramic views of boulder outcroppings, mountains & city lights to the north. Pool and spa with water fall features and slide. Outdoor covered kitchen BBQ. This is one of a kind custom Sante Fe with some contemporary flair, built on the side of the mountain with expansive unobstructed views. Multiple fireplaces, private balconies, Note the beautiful large organic stones were incorporated into the architecture with rustic beams and vegas, to create opulence and charm. The private resort-style outdoor living area features self-cleaning pebbletec pool, spa, two large waterfall features, outdoor shower, and fully covered outdoor living room. All furnishings are available on separate bill of sale. See the Matterport walk through to see the floorplan and walk through the rooms. Pinnacle Peak, Tom's Thumb, Granite Mt Visitors Center Hiking are hiking trails within walking distance. Scottsdale National Golf Course is minutes away. This feels like Hotel Arizona.
1480 E Raven Court
Gilbert, AZ 85297
$5,499,900
6
Beds
9
Baths
7,226
SqFt
Status
Active
MLS #
6783672
Property Type
Single Family Residence
Price Type
--
This incredible custom home on a cul-de-sac in Gilbert offers nearly 8,000 square feet of luxury living space, featuring six bedrooms and nine bathrooms. Thoughtfully designed with every detail in mind, this property has a theater room, game room, and multiple flex spaces to cater to any lifestyle. The property includes a detached Casita, a sparkling pool, and was built with ICF blocks, ensuring exceptional energy efficiency..... This incredible custom home on a cul-de-sac in Gilbert offers nearly 8,000 square feet of luxury living space, featuring six bedrooms and nine bathrooms. Thoughtfully designed with every detail in mind, this property has a theater room, game room, and multiple flex spaces to cater to any lifestyle. The property includes a detached Casita, a sparkling pool, and was built with ICF blocks, ensuring exceptional energy efficiency. As you approach through the custom gates, you're welcomed by a circular paver driveway, setting a grand tone. The entertainer's kitchen boasts dual walk-in pantries, marble and quartz slab countertops, three sinks, a 48-inch Wolf range with double ovens, two dishwashers, a Sub-Zero fridge and freezer, a Scotsman ice maker, and beverage fridge. This open-concept kitchen flows into the family room, overlooking the stunning pool. Enjoy the latest in smart home technology with Control4 integration for the doorbell, garage, thermostats, and more. Each bathroom is adorned with high-end faucets, hardware w/ marble and quartz finishes. All bedrooms feature en-suite bathrooms with soaking tubs and luxurious finishes throughout. Outside, a heated pool with a rainfall feature, suspended lounge beds, and a built-in BBQ complete this impressive backyard. This property also includes a six-car garage, an elevator, an exercise room, and ample space for any family size.
6431 N Lost Dutchman Drive
Paradise Valley, AZ 85253
$5,499,000
4
Beds
4.5
Baths
4,964
SqFt
Status
Active
MLS #
6724747
Property Type
Single Family Residence
Price Type
--
**HOME IS BEING SOLD TURN-KEY READY WITH DESIGNER FURNISHINGS** ENTERING THROUGH THE PRIVATE COURTYARD OF THE LAST REMAINING HOME IN THE COMMUNITY WILL BE THOUGHTFULLY LANDSCAPED FOR A WELCOMING ENTRANCE. THE IRON AND GLASS DOOR LEADS YOU INTO THE VAULTED GREAT ROOM WITH 2 STORY FIREPLACE WALL, CHEFS KITCHEN, WET BAR, AND DINING ROOM. THE KITCHEN AND WET BAR IS ADORNED WITH NUMEROUS SUB-ZERO, WOLF AND COVE APPLIANCES. THE INCREDIBLE ATTENTION TO DETAIL IN THE ALL THE FINISHES IN THIS HOME WERE CHOSEN BY CULLUM HOMES INTERIOR DESIGN TEAM. THE RETRACTABLE WALL OF GLASS AND 2-STORY CLERESTORY GLASS MAKE THIS HOME SO LIGHT AND BRIGHT. THE PRIMARY SUITE IS SO COMFORTABLE WITH VIEWS OVER THE BACK YARD FOUNTAIN AND ENTERTAINING AREA. A SMALL GUEST SUITE WITH OWN ENTRANCE, LAUNDRY, POWDER BATH, ELEVATOR AND 3 AIR-CONDITIONED GARAGES MAKE UP THE FIRST FLOOR. THE IMPRESSIVE STAIRCASE AND LARGE WINDOW TO THE UPSTAIRS LANDING OVERLOOKING THE ENTRANCE AND GREAT ROOM WAS THE VISION OF THE CULLUM ARCHITECT TEAM. THE GLASS OFFICE EN-SUITE HAS VIEWS TOWARD CAMELBACK MOUNTAIN. THE LARGE LOFT AREA WITH CUSTOM BUILT IN CABINETRY LEAD TO THE COVERED DECK WITH GREAT VIEWS OF MUMMY MOUNTAIN! 2 LARGE EN-SUITES WITH BEAUTIFUL CUSTOM FINISHES AND WALK OUT DECK WITH CAMELBACK MOUNTAIN VIEWS COMPLETE THE SECOND LEVEL. PLENTY OF STORAGE IN THIS 4-BEDROOM, 4 FULL BATHS, 1 POWDER BATH, OFFICE, GREAT ROOM, CHEF'S KITCHEN, DINING ROOM, WET BAR, LOFT AND 3 CAR AIR CONDITIONED GARAGE. THIS HOME IS LOCATED IN THE 24-HOUR GUARD GATED COMMUNITY OF THE VILLAGE AT MOUNTAIN SHADOWS WITH ITS PARK, COMMUNITY POOL AND ACCESS TO THE MOUNTAIN SHADOWS RESORT AND ALL ITS AMENITIES AT YOUR DOORSTEP. A GREAT LOCK AND LEAVE HOME FOR THE WHOLE FAMILY!
38152 N 109th Street
Scottsdale, AZ 85262
$5,495,000
5
Beds
6
Baths
6,169
SqFt
Status
Active
MLS #
6641439
Property Type
Single Family Residence
Price Type
--
Cutting edge new build by Red Moon Homes. Located in the exclusive North Scottsdale private community of Mirabel. Contemporary design, all on one level with an upstairs guest home reached by an impressive cantilevered lighted wood slab tread and steel beam U shaped lighted staircase. To die for spacious outdoor living to enjoy with modern pool with sizeable beach entry and adjacent spa, covered grilling, living and alfresco dining space. The cool and clean look of artificial turf is plentiful and easy to care for. Modern minimalist exterior with stucco, rough limestone stack stone details, multitudes of glass doors and windows, metal roof and facia with multiple vaulted roof lines. The flawless floor plan with an open, high ceilings, airy great room, dining, kitchen, wet bar and powder provide for daily living as well as festivities with many. The private split primary sanctuary with cutting edge finishes, spa like bath, massive designer closet and patio access will delight. The nearby ensuite barn door entry office provides an exemplary workspace or can serve as a 5th ensuite guest room. Close proximity to the decadent laundry with mitered window detail and to the beautifully finished 4 car spic and span garage space, entices all. For family and friends the two guest ensuites on the main level provide privacy and elegance, wonderful retreats, one with patio access. The upstairs guest home is not to be believed. The sitting space, ensuite bedroom, living space with powder and breakfast bar complete with sink and faucet enchant. The North and South balconies, through 4 paned glass wall systems bestow elevated panoramic views of mountains, city lights, sunsets and starry skies. Sophistication is viewed throughout with the finest of finishes - new sizeable porcelain tiles used on bath floors and walls, wide wood plank floors throughout, SubZero and Cove appliances, rift cut and lacquered slab cabinetry with lit toe kicks, fabulous top of the line exotic Quartz counter and vanity slabs and chrome and the new brass hardware. Mirabel's intimate community offers, golf, tennis, fitness and social endeavors. Come, live the Arizona desert lifestyle with comfort, opulence and functionality in this magnificent Red Moon Homes built Mirabel home.