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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9626 E Bunny Ear Lane
Gold Canyon, AZ 85118
$1,169,000
4
Beds
2.5
Baths
2,483
SqFt
Status
Active
MLS #
6715417
Property Type
Single Family Residence
Price Type
--
This Exquisite Custom Home backs Private Federal and State Land. Spectacular views of Superstition Mountains, City lights, Dinosaur Mountain, Hiking Trails, and Golf Courses. This Luxury and Craftsmanship Home Features 2x6 Exterior Frame Construction, Urethane Foam, Sand Stucco Finish, Exterior Stone, Anderson 100 Series Dual Panel Glass, 3 Panel Retractable Walls of Glass in Great Room. Trane HVAC, Electric Car Charging Station, Security, Central Vac, Nest Thermostats, 42'' Cabinets, Quartz Countertops, Kitchen Island Waterfall, Pot Filler, Bosch Appliance Packages, and so much more. Designed for future Observation platform and space for future RV Garage, Shop and/or Parking. Completion Nov 2024.
4306 E Superstition Boulevard
Apache Junction, AZ 85119
$1,169,000
4
Beds
2.5
Baths
2,483
SqFt
Status
Active
MLS #
6764405
Property Type
Single Family Residence
Price Type
--
Beautiful custom home, 2,483 sq. ft, 4 bedrooms and 2.5 bathrooms, all nestled on a sprawling 1.18-acre lot that offers both serenity and stunning Superstition Mountain Views. With no HOA, you have the freedom to truly make this property your own. Enjoy the convenience of 5 garage spaces, including a remarkable 50' RV garage and a detached 16x24 single-car garage/workshop—perfect for your outdoor toys. Plenty of room for horses w/ riding trails near by! Featuring epoxy flooring, a dedicated car charging station, and a sports equipment wall, this garage is a dream for recreational enthusiasts. The heart of the home boasts beautiful quartz countertops, ample cabinetry, stainless steel appliances, and a massive kitchen island that invites gatherings and culinary creativity. Experience seamless indoor and outdoor living with three-panel retractable sliding glass door leading to a screened-in porch. Step outside to a pergola-covered outdoor kitchen complete with an electric sunshade and ceiling fans, ideal for entertaining or relaxing in style. The iron-fenced backyard and fully landscaped front and back yards provide privacy and security. Stay comfortable year-round with Nest thermostats and a state-of-the-art two-panel security system. Don't miss the opportunity to own this exceptional property where luxury meets outdoor adventure.
3208 N Mansfield Drive
Litchfield Park, AZ 85340
$1,167,500
5
Beds
4
Baths
4,141
SqFt
Status
Active
MLS #
6769929
Property Type
Single Family Residence
Price Type
--
Welcome to Litchfield Farms, a gated community with 1-acre lots! This 4,141 sq. ft. 5-bed, 4-bath home features soaring ceilings, new carpet, marble tile, and a great room with a gas fireplace. The chef's kitchen boasts granite counters, staggered cabinets, a gas cooktop, convection oven, and pantry. The master suite includes vaulted ceilings, a cozy fireplace, dual walk-in closets, a spa-like bathroom, and a private balcony. The backyard is perfect for entertaining, with a pool, spa, ramada, outdoor kitchen, fire pit, RV parking, and room for a casita. Minutes from I-10, 303, shopping, dining, golf, and top schools!
1323 E Oregon Avenue
Phoenix, AZ 85014
$1,165,000
5
Beds
4.5
Baths
3,100
SqFt
Status
Active
MLS #
6709552
Property Type
Single Family Residence
Price Type
--
Welcome to this stunning, fully renovated home with a detached guest house, located in the highly sought-after North Central Corridor of Uptown Phoenix. The home features an open floor plan with a spacious great room and a front den. It includes three bedrooms and two bathrooms in the main house, arranged in a split floor plan for privacy. The expansive primary bedroom provides a spa-like sanctuary with a large walk-in shower, dual vanities, an illuminated mirror, and a private water closet. The walk-in closet is equipped with built-ins for efficient storage and organization. The guest house offers two additional bedrooms, each with its own bathroom, a powder room, and a separate laundry room ready for washer/dryer installation. The kitchen boasts SS appliances and vaulted ceilings. ceilings. NO HOA! With potential for short-term rentals, home office, or a mother-in-law setup, the possibilities are limitless.
218 W Ridgecrest Road
Phoenix, AZ 85086
$1,165,000
4
Beds
3
Baths
2,861
SqFt
Status
Active
MLS #
6758144
Property Type
Single Family Residence
Price Type
--
STUNNING VIEW! & Room for Toys! Private Custom 4 Bedrm 2.5 Bath Home, on 1.62 Ares 2.5 Car Garage and (2) RVs Carport w/ electric hook-up PLUS Additional Separate DETACHED Metal Building-Work-Shop/ Garage) w/HVAC- 30X50 (1500 sq ft) has 220 circuit & (2)50 HP 3 Phase generator. Gorgeous Custom Home w/ 14ft ceilings, scraped wood flooring thru-out! Exposed Vega Beams in Great Room & Open Kitchen w/ floor to ceiling gas fireplace! Kitchen has hightop bar/island granite counters, Custom Knotty Alder Cabinets w/ high-end appliances! Subzero Refrige/freezer, GE Induction cooktop, GE Double Ovens, Bosh Dishwasher, Wall of Windows for PHENOMENAL VIEWS to backyard & beyond=Mountain Range! Split Floor-plan/ 2 Landry areas! HUGE Master Suite =cozy gas fireplace & Those Unbelievable views w/ French private walk-out to spacious patio and backyard!! Newly remodeled Ensuite featuring vessel tub & separate tiled shower, double vanities, large walk-in closet w/ access to Master Laundry Room. Powder Room custom herringbone tile floors & rustic vessel sink! 2nd Bedroom has Custom Murphy Bed! Double Door entry to Office/4th Bedroom off Great Room w/ views of the backyard & Mountains- Closet has pulldown stairwell for storage in attic. Large Pebble tec pool w/ gorgeous rock waterfall & gas fire-pit! Newly built 20 X18 Beautiful Ramada w/ Edison lighting. This home has so much to offer!! MUST SEE!! Custom Built 2002 By Sunlore Homes - Original Owner! 1.62 Acres with Mature Trees and AMAZING VIEWS!! 8ft Doors, 14 ft Ceiling! Custom Knotty Alder WOOD Doors and Cabinets! & Vega Beams 2.5 Car Garage with 220 Volt Circuit Large Covered Attached RV Parking with electric hookup 30 X 50 (1500 sq ft ) Separate Metal Building Shop/ Garage with 220 circuit (and 50 HP 3 Phase generator available that will not convey unless requested). 20 X 18 Oversized New Ramada in the Backyard with Edison lighting. 3 NEWER HVAC 2020 90 Gallon Propane Tank for Fireplaces and Fire-pit Roof Recoated 2023 Oversized Septic Great Water Pressure from Private Well !! Wired for surround sound and security Custom Murphy bed in 2nd Bedroom Horse Property Chicken Coop Block Fenced Backyard and separate fenced side yard. Wash on Property
15604 E Scorpion Drive
Fountain Hills, AZ 85268
$1,164,000
3
Beds
3
Baths
2,046
SqFt
Status
Active
MLS #
6763720
Property Type
Single Family Residence
Price Type
--
Gorgeous Spec Home with a private pool just completed! Contemporary styled crown molding & exquisite features throughout this one! Fabulous kitchen boasts Quartz countertops with waterfall edges to the floor on the island, shaker style cabinets with lighting & hidden outlets on backsplash. Bosch stainless steel appliances which includes full size oven as well as a Convection/Microwave combo. Beverage fridge added for additional cooled storage & entertaining. 6 foot electric, color changing, remote controlled fireplace. Ensuite master has his/her sinks, custom shower with dual heads, shampoo niches & a bench seat as well as a huge walk in closet with multi-level shelving/rods and a window for ample lighting. Wonderful laundry room has upper/lower cabinets, a sink & hanging rod. Over-sized & insulated 3 car garage pre-wired for future wall mount mini split AC system with epoxy floor, utility door & on demand tankless hot water heater. Fully landscaped desert front yard & artificial turf in back both featuring lighted steps & pathway lighting. Pool has pebble sheen finish, raised tile wall, 3 waterfall scupper features & a bathing platform/over-sized seat. wifi accessible controls, Dusk to dawn exterior photocell coach lights. Custom wrought iron view fencing & side gate to the backyard. All cabinets are soft close doors & drawers with custom 7 black hardware. Ceiling fans throughout the home. Home is pre-wired for cable, satellite, wi-fi, surround sound speakers in the greatroom & back patio ceiling speakers. Elongated low water use, comfort height toilets in all 3 bathrooms. Upgraded spray foam insulation in the home & garage to help save on electric bills.
4222 E Hunter Court
Cave Creek, AZ 85331
$1,161,033
3
Beds
3.5
Baths
3,050
SqFt
Status
Active Under Contract
MLS #
6736554
Property Type
Single Family Residence
Price Type
--
Quick Move-in Ready Home! Backyard Landscaping included! Peak View is an intimate gated enclave of luxury single-level homes offering modern home designs by Cachet Homes. This Plan One home is situated on a view lot that backs to open space and features 3,050 SF, 3 bedrooms, 3.5 baths, a 3-car garage, game room, den, and an open-concept kitchen with a large island and quartz countertops. Additional upgrades include desert front yard landscaping, Nantucket Shaker white cabinets, garage epoxy coating, and more!
10491 E Meadowhill Drive
Scottsdale, AZ 85255
$1,160,000
5
Beds
3.5
Baths
3,466
SqFt
Status
Active
MLS #
6781668
Property Type
Single Family Residence
Price Type
--
This stunning home in gated McDowell Mountain Ranch offers elegance and privacy with 5 bedrooms, 3.5 baths, and no neighbors behind. The open floor plan features high ceilings, large windows, and a bright, airy feel. A chef's dream kitchen awaits, complete with stainless steel appliances, granite counters, and a spacious island. The home also boasts two A/C units, ample storage, and a beautiful backyard with a sparkling pool and covered patio for entertaining or relaxing. Ideally located near Arizona's best hiking and biking trails, this home is a rare blend of luxury and convenience.
28455 N 67th Drive
Peoria, AZ 85383
$1,159,951
4
Beds
4
Baths
4,085
SqFt
Status
Active
MLS #
6770625
Property Type
Single Family Residence
Price Type
--
Highly UPGRADED & CUSTOMIZED Camelot Home in exclusive gated community! 3 bdrms + private office w/built-ins on main living areas on lower level. Huge bonus room(4th bdrm) up, w/wetbar, bar frig, and a 1/2 bath. 2nd bonus rm off garage has mirrored wall, great workout rm, dance/art studio. RARE 4+car garage w/room for boat or ATV, Nice gated private courtyard entrance. Large open kitchen w/island. New custom fireplace wall in living area. Travertine tile flooring. Plantation shutters too! Master has exit door to East facing covered patio with Pergola extension and grilling station. Peek-view of the hills. An extra storage room near back yard and garage for all the extra space you need. Shell shape pool with waterfalls, yard is large, plenty of space to play, landscaped with Turf. MORE!
1331 E Voltaire Avenue
Phoenix, AZ 85022
$1,159,000
5
Beds
3
Baths
3,842
SqFt
Status
Active
MLS #
6707762
Property Type
Single Family Residence
Price Type
--
Stunning 5BR/3BA home in Moonridge Golf Estates w/ spectacular views all around! Substantial remodel in 2021, w/ add'l upgrades since to include: full roof replacement, new Rheem water heater + Grundfos recirc pump, garage mini-split for climate control, epoxy garage floors, new cabinets, workbench & Omni Track tool holders, Belgard pavers, quartz counters/marble backsplash in kitchen & laundry, & quartz shower walls + ceramic tile floors in add'l baths. Floor plan provides great entertaining space downstairs incl. lg kitchen w/ oversized island & full bed/bath that could serve as guest suite or second primary. Upstairs find lg. beds all w/ walk-ins, gorgeous primary ensuite w/ mountain views + step out balcony. Backs to hillside wash providing privacy, views & those AZ sunset skies!
7175 E Camelback Road Unit 202
Scottsdale, AZ 85251
$1,159,000
2
Beds
2
Baths
1,381
SqFt
Status
Active
MLS #
6753329
Property Type
Apartment
Price Type
--
Experience unparalleled elegance and comfort in this stunning two-bedroom, two-bathroom, all en suite residence located in the highly sought-after Scottsdale Waterfront Residences. Designed with a split floor plan for maximum privacy and convenience, this home features a beautifully updated interior with newly painted walls and exquisite wood floors throughout. Enjoy a serene, quiet retreat on your private balcony, perfect for relaxation and taking in the surroundings. Scottsdale Waterfront Residences offers exceptional amenities, including a dedicated concierge service, valet parking, a rooftop pool with spectacular views, and a state-of-the-art fitness center. Located within walking distance to the renowned restaurants and shops at Fashion Square, as well as the vibrant Old Town Scottsdale and Scottsdale Waterfront.
11703 N 123rd Way
Scottsdale, AZ 85259
$1,159,000
4
Beds
2.5
Baths
2,701
SqFt
Status
Active
MLS #
6761943
Property Type
Single Family Residence
Price Type
--
Discover the epitome of Scottsdale luxury in this breathtaking 4-bedroom, 2.5-bath sanctuary, perfectly situated in the coveted 85259. Relish in awe-inspiring mountain views, a private pool, and a heated spa—all designed for an indulgent lifestyle. Thoughtfully upgraded with Energy Star Renewal by Anderson windows, complete with a 30-year transferable warranty, this home seamlessly blends elegance with efficiency. Unwind by one of two sophisticated fireplaces or venture out to nearby premier golf courses, scenic hiking trails, and top-rated schools. Modern, refined, and poised for discerning tastes, this residence offers the ultimate Scottsdale experience. Don't miss this rare gem!