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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15208 E Palomino Boulevard
Fountain Hills, AZ 85268
$899,000
3
Beds
2.5
Baths
2,500
SqFt
Status
Active
MLS #
6773160
Property Type
Single Family Residence
Price Type
--
Discover your dream home in Fountain Hills, where modern luxury meets stunning natural beauty! This exquisite home has been beautifully remodeled with wood-like tile flooring, new carpet in the bedrooms, a spacious formal dining and living space, neutral paint, recessed lighting, & a cozy family room w/wood-burning fireplace for the cooler months. The eat-in kitchen has quartz counters, SS appliances, an island w/breakfast bar, & an abundance of white cabinets. Retreat to the expansive Arizona room that is air-conditioned, allowing for year-round enjoyment of the breathtaking views and natural light. A sparkling pool and lush landscaping provide a backyard oasis you won't want to leave. The spacious owner's suite has private access to the AZ room and an amazing bathroom with a dual vanity, free standing bathtub and spacious shower. With its prime location offering spectacular mountain views, this home is a perfect retreat for those seeking tranquility and elegance all while being minutes away from your favorite dining and entertainment in Scottsdale. It truly is a remarkable home in a truly dreamy location. Come take a look!
15163 N 100th Way
Scottsdale, AZ 85260
$899,000
5
Beds
3
Baths
2,542
SqFt
Status
Active
MLS #
6776044
Property Type
Single Family Residence
Price Type
--
Welcome home to this stunning 5-bedroom, 3-bathroom property, perfectly situated in Scottsdale near restaurants, shopping, and parks! As you arrive, you'll be greeted by gorgeous curb appeal, a cul-de-sac lot, 3-car garage and beautifully manicured desert landscaping. Inside, the pristine interior features soaring ceilings, tile flooring, and a calming color palette. The living and dining area boasts dark wood flooring and convenient access to your private oasis of a backyard. This stunning backyard features a sparkling pool, surrounded by lush landscaping, turf lawn, and no homes behind for ultimate seclusion. The spacious patio is perfect for outdoor dining and gatherings, making it an ideal retreat for relaxation and entertainment. Complete with owned solar panels to keep the utility bills at a minimum. The oversized great room includes sliding doors that open to the outdoor space, complemented by charming bay windows in the breakfast nook. You'll love the kitchen, which showcases hardwood cabinets with crown molding, a mosaic backsplash, granite countertops, stainless steel appliances, and a center island. Retreat to the serene main bedroom, featuring plush carpeting, a cozy sitting area, and a luxurious ensuite bathroom complete with dual sinks, an enclosed steam shower, heated floors, a soaking tub, and a generous walk-in closet.
3012 W South Mountain Road
Laveen, AZ 85339
$899,000
4
Beds
3.5
Baths
3,161
SqFt
Status
Active Under Contract
MLS #
6654093
Property Type
Single Family Residence
Price Type
--
This luxury estate offers something for everyone. The charming and sprawling 4 bedroom 3.5 bath home offers a split floor plan featuring solid wood and stone flooring throughout, 10' ceilings, gourmet kitchen, solid wood doors, elegant stone surround fireplace, large office/den and a generous 3 car garage. The master suite and family room overlooks the newly constructed pebblesheen pool and gazebo. complete with built in BBQ...a space perfect for entertaining. For the craftsman or car enthusiast, the property also offers a detached work shop with RV roll up door and separate entrance. The entire property is surrounded by an 8' block wall for added privacy and security. Zoned R-43 so there's room for a guest house and no restrictions on horses and livestock. A MUST SEE!
8207 E Whitton Avenue
Scottsdale, AZ 85251
$899,000
3
Beds
2.5
Baths
2,032
SqFt
Status
Active Under Contract
MLS #
6750033
Property Type
Single Family Residence
Price Type
--
Welcome to this charming newly remodeled home! This cozy abode boasts a new HVAC system, pipes/plumbing, and roof, ensuring worry-free living. Inside, you'll find two master suites for ultimate comfort and convenience. A home security system, outdoor security cameras, and fire sprinklers offer peace of mind. Enjoy modern amenities like stainless steel appliances, an electric fireplace, and water softener system. The home also features new landscaping, a ruff house play system playground, and quartz countertops throughout. Entertainment is a breeze with a home theater/audio system and Control 4 system. Plus, shutters throughout add a touch of elegance. Don't miss out on this gem, located conveniently near the freeway, shopping, and dining!
7625 N 177th Avenue
Waddell, AZ 85355
$899,000
6
Beds
5
Baths
2,832
SqFt
Status
Active Under Contract
MLS #
6729064
Property Type
Single Family Residence
Price Type
--
This 2-acre equestrian property with flood irrigation features a 3-bedroom, 2-bath MAIN HOUSE and an attached GUEST HOUSE with 2 bedrooms, 2 baths, a full kitchen, a laundry room, and a private entrance. Additionally, there is a private EN-SUITE with 1 bedroom and 1 bath.The main house kitchen boasts upgraded granite counters, white cabinetry, stainless steel appliances, ample storage, a large walk-in pantry, and a kitchen island. The main living area features vaulted ceilings, an updated primary bath, spacious bedrooms, and a covered patio with a spa outside the primary bedroom, along with another large covered patio in the backyard. The property also includes a large sparkling POOL that is fully fenced and can be heated for the winter months. Detached shop 28' x 30' + Covered RV parking
19055 E Poco Rio Drive
Rio Verde, AZ 85263
$899,000
3
Beds
2.5
Baths
2,972
SqFt
Status
Active
MLS #
6757638
Property Type
Single Family Residence
Price Type
--
Welcome to your dream retreat in the heart of Rio Verde's sought-after active adult community! This stunning 3 bed, 2.5 bath home offers 2,972 sqft of thoughtfully designed living space on a quiet interior cul-de-sac lot. Step inside to discover a spacious, open-concept layout filled with natural light and breathtaking mountain views. The chef's kitchen is a true highlight, featuring newer appliances, ample counter space, and a generous island perfect for meal preparation and entertaining. The adjacent dining area opens up to a large wrap-around patio, where you can savor the spectacular views and enjoy outdoor living at its finest. The primary suite boasts two walk-in closets, a luxurious en-suite bathroom with a walk-through shower, and two additional rooms that can be used as an office makeup room, or flex space to suit your needs. The second bedroom also offers its own en-suite bathroom for added convenience and comfort. An additional half-bath is perfect for guests. This home's location within a vibrant active adult community ensures a dynamic lifestyle, complete with championship-caliber 36-hole golf courses, pickleball courts, Tennis courts, Stunning fitness facility, Huge lap pool, and numerous social opportunities.
17635 E Fort Verde Road
Rio Verde, AZ 85263
$899,000
2
Beds
2
Baths
1,948
SqFt
Status
Active
MLS #
6766088
Property Type
Single Family Residence
Price Type
--
Discover your dream Home in the Heart of Rio Verde, Az. nestled in the prestigious Trilogy at Verde River Golf & Social Club, this stunning single family residence is a true gem waiting to be discovered. Built in 2017, this impeccable 2 Bedroom, 2 Bath home spans an impressive 1,948 Sq.Ft. and sits on a generous .26acre lot,offering breathtaking views of the open space and golf course. Step inside and be enchanted by the soothing custom decor that perfectly complements the home's open and inviting retreat The separate office, complete with built-in custom cabinets and elegant glass French Doors provides the ideal space for remote work or a quiet retreat. the heart of the home is the great room, where you will find and abundance of luxurious features,including GE Monogram appliances, recessed lighting, under counter lights and pendant lights that create a warm and inviting ambiance. The fully overlaid cabinet doors and drawers boast a soft close convenience, adding a touch of sophistication to the space The great foom seamlessly flows onto the patio through stunning multi-slide 9880 glass doors, blurring the lines between indoor and outdoor living. The primary ensuite is a true oasis. fraturing large view windows that showcase the majectic mountains and golf course. The room is adorned with custom Hunter Douglas window coverings, including blackout shades for untimate privacy and comfort. The ensuite bathroom is equally impressive, with 2 under mounted Koehler sinks and exquisit granite counter tops Throughout the home, you will find an array of high-end finishes, including custom 4x8 brick flooring, imperfect smooth walls, and 8 ft solid core doors. The custom window covering add a touch of elegance to every room, while the fully insulated walls ensure optimal energy efficiency and comfort. For added piece of mind, the home is equipped with a state of the art security system, allowing you to relax and enjoy your new sanctuary. Don't miss the opportunity to make this extraordinary home yours. With it's prime location in Trilofy at Verde River Golf & Social Club, you will have access to world-class amenities and a vibrant community. Experience luxury living at its finest in the heart of Rio Verde, Az. Plan a private visit today and prepare to fall in love with your new dream home.
9827 W Keyser Drive
Peoria, AZ 85383
$899,000
5
Beds
3.5
Baths
4,177
SqFt
Status
Active
MLS #
6773517
Property Type
Single Family Residence
Price Type
--
This wonderful home is located in the highly sought after subdivision of Pleasant Valley. Every box can be checked on this home. Vaulted ceilings greet you as you enter into the traditional formal living and dining areas. Beyond that is the large Chef's kitchen with extended cabinets, granite counter tops, stainless appliances and an island. Also room for the family table. This looks into the large family room with a fireplace. The home has 2 masters, one on the first level. The upper level ensuite has a sitting room, fireplace, and a large soaking tub. The backyard is a virtual oasis with pool, spa, gazebo and patio. Just stunning. 3 car garage is also featured.
15620 N 18th Street
Phoenix, AZ 85022
$899,000
4
Beds
2.5
Baths
2,771
SqFt
Status
Active
MLS #
6775857
Property Type
Single Family Residence
Price Type
--
Welcome to this stunning home located just a short walk from Lookout Mountain Peak, where you can enjoy breathtaking views for miles right from your front door! This spacious property offers 4 bedrooms, an office, 2.5 bathrooms, and a 3-car garage, which includes an electric vehicle charger for added convenience. The luxurious kitchen is perfect for entertaining and flows seamlessly into a formal dining area, ideal for hosting gatherings. Step outside into the backyard and be swept away by your own private paradise! With a sparkling pool, spa, and plenty of space to relax or entertain, it's the ultimate retreat. Recent upgrades include a brand-new A/C unit, water heater, and garage door opener—all of which come with warranties for peace of mind. Don't miss out on this incredible home!
14771 N 100th Way
Scottsdale, AZ 85260
$899,000
5
Beds
3
Baths
2,780
SqFt
Status
Active
MLS #
6780628
Property Type
Single Family Residence
Price Type
--
Amazing Location..Great upscale Scottsdale neighborhood. Close to everything you would expect from the area. Spacious 5 bedroom 3 bath single family home on a premium lot. The private resort style backyard is perfect for relaxing or entertaining with a sparkling pebble-tec pool with waterfall, covered patio, fenced grassy area for kids and pets, RV gate with hookups, and stunning mountain and sunset views with no neighbors behind you. Conveniently located minutes from top rated schools, sports parks, shopping, dining, hospitals, golf, an aquatic center and easy access to the freeways. The oversized master suite with private balcony and 3 large secondary bedrooms are upstairs, with a 5th bedroom or office with full bath and multiple living areas on the main level. State of the art security system w/ smart mobile controllable features including thermostat, lights and security
1245 W Caroline Lane
Tempe, AZ 85284
$899,000
4
Beds
2
Baths
1,890
SqFt
Status
Active
MLS #
6775035
Property Type
Single Family Residence
Price Type
--
Here's an opportunity you don't want to pass up in South Tempe. This 1.2 acre, flood irrigated, county island lot, features a nearly 1900 sq. ft. block home with its own well, built for its owner and only occupant, ever. In addition, there is an enclosed 420 sq ft AZ Room, and a 228 sq ft workshop attached to the oversized two car garage. Back then, this part of town was mostly farm land, all around. Today it sits in a thriving, land-locked city where opportunities like this are few and far between. Remodel or build your new dream home, the choice is yours. There is plenty of room to create your heart's desire. NO HOA. Easy access to freeways and shopping and restaurants, make it an ideal location! Listing includes 3 parcels: 301-60-009R, 301-66-496, 301-66-502.
2321 E Lincoln Way
Phoenix, AZ 85020
$899,000
3
Beds
2
Baths
1,919
SqFt
Status
Active
MLS #
6782674
Property Type
Single Family Residence
Price Type
--
Live close to everything & still feel connected to nature in this picturesque home in the foothills of the PHX Mountain Preserve. This elevated home is surrounded by stunning views in all directions. Inside you will find a home that has been tastefully updated along the way & features automated roll down storm shutters & an owned solar system, helping to ensure ease of maintenance & the ability to live a lock & go lifestyle. Upon entering you will find a gracious great room with an open kitchen. The spacious primary suite offers plenty of space for you to relax, plus direct access to the back yard. Once out back, notice big views all the way to the Estrellas & White Tanks as well as a gracious pool, yard, side yard & outdoor kitchen. Too much here to miss, put this home on your shortlist.