NAHB: Builder Sentiment Improves in August

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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17448 W Carlisle Drive Surprise, AZ 85388

$825,000

3 Beds

3.5 Baths

2,350 SqFt

Status Active

MLS # 6677435

Property Type Single Family Residence

Price Type --

ENTERTAINING ALL OFFERS! NEW HOME NEVER LIVED-IN GATED GOLF COURSE COMMUNITY LAKE SUBDIVISION RESORT STYLE AMENITIES AND MUCH MORE! LOCATED IN THE ACTIVE ADULT COMMUNITY 55+ AT STERLING GROVE. STUNNING MIDWOOD SPANISH HOME AT STERLING GROVE GOLF & COUNTRY CLUB! OVERSIZED LOT WITH A SPACIOUS BACKYARD! GREAT CURB APPEAL WITH CUSTOM LANDSCAPING! THIS BEAUTIFUL TOLL BROTHERS HOME HAS A PLETHORA OF UPGRADES! BLACK IRON ENTRY DOOR, WHITE OAK WOOD FLOORING, GREAT ROOM WITH CATHEDRAL CEILING, CHEF'S KITCHEN WITH GAS COOKTOP, BUILT-IN MICROVAVE AND WALL OVEN. TWO-TONE KITCHEN CABINETS, WHITE BRICK HERINGBONE BACKSPLASH, QUARTZ COUNTERTOPS, ACCENT FURNITURE ISLAND WITH FARM SINK. SHUTTERS THROUGHOUT THE HOME AND MOTARIZED SHADES. EXPANDED MASTER BEDROOM. MASTER BATHROOM HIS & HER SINKS WITH VANITY. POP-OUT MIRRORS, AND WALK-IN TILED SHOWER. SECOND BEDROOM IS AN ENSUITE WITH A WALK-IN CLOSET. BONUS: THIRD BEDROOM IS A PRIVATE CASITA! LARGE EXTENDED COVERED BACK PATIO AND LOTS OF SPACE FOR YOU TO MAKE YOUR VERY OWN BACKYARD OASIS! Sterling Grove Golf & Country Club is a Gated Community w/24 Hour Guard Post. Great Opportunity to Enjoy on a daily basis so many Wonderful Amenities and Beautiful Views of the White Tank Mountains, Lakes, Ponds and Gorgeous Greens on your Walks, Jogs, Bike Rides! Amenities: TROON Managed Jack Nicklaus Design 18 Hole Golf Course, Tennis Courts, Pickleball Courts, Country Club, Resort Style Pools, Fitness Center, Spa, Restaurants, and Much More!

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9 County Road N1029 -- Greer, AZ 85927

$825,000

1 Bed

1 Bath

1,250 SqFt

Status Active

MLS # 6699331

Property Type Single Family Residence

Price Type --

This is a hidden gem, adorable Log cabin, nestled in the woods. 1 Bedroom & 1 Bathroom & Loft with additional beds. Front covered deck over looks ponds. This is a true get away cabin in the woods. Large Great & Dining Room area. Free Standing Wood Fireplace. Kitchen & Cabinets space, has all the necessary amenities with Electric Stove, Microwave & Refrigerator. All rooms have large window to view all the outdoors & wildlife in the area. Very bright & Airy inside cabin with exposed beam in ceiling. Special engineered logs with insulated interior of log. Wrap around deck. Basement has workshop, laundry Washer & Dryer & Storage area. Plenty of room on 4 acres to have horses and build an additional cabin. Secluded but close to Greer Village, Lakes, Hiking, Fishing & Sunrise Ski Resort.

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6829 E Sapphire Lane Prescott Valley, AZ 86315

$825,000

3 Beds

3 Baths

2,468 SqFt

Status Active

MLS # 6772529

Property Type Single Family Residence

Price Type --

Discover the upscale, gated community of COPPERFIELD in Prescott Valley. This BRAND-NEW custom home WILL BE COMPLETED IN NOVEMBER 2024. With 3-Bdrms + private Den/Office and 2,468 SF, this one-level beauty offers an easy, flowing layout with a welcoming entry foyer and split bedroom floorplan. Tile floors throughout living areas. Custom-built cabinetry, quartz counters, and full backsplash in the kitchen, with a large walk-in pantry. 400 amp electric panel. A private well and a 1,134 SF, 3.5 car attached garage wired for an electric car charger, complete this distinctive home on 4-level acres. An oversized pad is ready for a future garage or guest house. Copperfield offers paved roads and easy access to schools, shopping and medical facilities. HURRY, for this great opportunity!

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5529 W Aster Drive Glendale, AZ 85304

$825,000

4 Beds

2.5 Baths

3,082 SqFt

Status Active

MLS # 6779184

Property Type Single Family Residence

Price Type --

WELCOME!! This 4-bedroom, 2.5-bathroom home in Glendale's Marshall Ranch is an exceptional find. Completely remodeled, it offers a blend of luxury and comfort, beginning with a welcoming courtyard that leads into the main area with soaring ceilings and an abundance of natural light. The downstairs area boasts a formal living and dining room, while the family room, featuring a cozy fireplace, opens to a beautifully remodeled kitchen with custom cabinetry, quartz countertops, and brand-new appliances. The primary bedroom on the first floor includes a luxurious bathroom with a soaking tub, walk-in shower, dual sinks, and separate closets, plus private patio access through double doors. Upstairs, an oversized flex room with patio access can serve as an exercise room, movie room, or a any other versatile space. Three additional spacious bedrooms and a fully remodeled bathroom with a soaking tub complete the upper level. The backyard is a private retreat featuring a large covered patio with fans and space for a TV, a fire pit with surrounding seating, and a diving pool with a beautiful water feature. Lush landscaping, including artificial turf and mature trees, adds to the home's appeal. With a 3-car garage and ample space for both entertaining and relaxation, this home truly has it all.

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3105 S Amble Pass Gold Canyon, AZ 85118

$825,000

3 Beds

3 Baths

2,727 SqFt

Status Active

MLS # 6658830

Property Type Single Family Residence

Price Type --

Villa in SUPERSTITION MOUTAIN! 3 bedrooms and 3 baths.OPEN KITCHEN, GREAT ROOM DINING AREA LAYOUT! Beautiful stone accent wall in dining area. Gournet kitchen with granite counter tops aand Viking appliances. Private side patio to enjoy early morning coffee. Back patio with built-in BBQ and fire-pit overlooking grass common area with plenty of room for outdoor seating and dining. WALKING DISTANCE TO THE FITNES CENTER AND THE CLUBHOUSE! Two Jack Nicklaus golf courses. Not a golfer? Enjoy pickle ball, bocce, tennis, hiking and many other activities. Country Club living at its best! Club amenities under a separate agreement. 24 HOUR GUARD GATED COMMUNITY! 35 minutes to Phoenix Sky Harbor and 25 minutes to Mesa Gateway airports. Furniture, decor and household items included in the sale. Garage with epoxy floor and extra storage cabinets. Buyer and buyer's agent to verify all pertinent information including square footage.

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793 Bills Loop Forest Lakes, AZ 85931

$825,000

7 Beds

3 Baths

2,264 SqFt

Status Active

MLS # 6696136

Property Type Single Family Residence

Price Type --

THREE cabins on 1.05 acres with zoning already in place to add a fourth one. This slice of heaven, the ''Rustic Rim Hideaway'' has hosted many happy visitors. Rustic charm with knotty pine walls and wood burning fireplaces-each cabin has a fully equipped kitchen, shower, bath and all the furnishings. The 3 bedroom cabin sleeps 6 and each of the 2 bedroom cabins sleep 4. Nestled in Forest Lakes-one of AZ's most sought after places where temperatures are 20-30 degrees cooler than the valley! This is relaxation at it's best with private porches, sitting areas, lawn games and BBQs. Tons of opportunities for outdoor adventure as this property adjoins the Sitgreaves National Forest packed with trails and lakes. This property has been diligently maintained.

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50458 W Mayer Boulevard Maricopa, AZ 85139

$825,000

3 Beds

2 Baths

1,960 SqFt

Status Active

MLS # 6694598

Property Type Manufactured Home

Price Type --

HORSE LOVERS DREAM WITH HUGH PRODUCING INCOME . .Has everything huge roping arena ,20,000 gallon auto watering system for arena . 2 storage containers, Preifert elec chute 26 stalls ( room for more) calf pens,alley way .9 covered stalls 6 RV hook ups (room for more) Property is AGRICULTURE EXCEMPT .Garage meeting area with Kitchen faclities &restroom.Seperate laundry facility for the RV clients ,3 of the RV hookups have cement pads all have 30 amp .Home has new roof new paint out side ,new flooring inside all appliances stay &most furniture if client would like it .5th wheel comes with property that you can rent out .Property is fully fenced

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4536 E Via Dona Road Cave Creek, AZ 85331

$825,000

4 Beds

2 Baths

2,186 SqFt

Status Active

MLS # 6736557

Property Type Single Family Residence

Price Type --

Charm meets convenience in this delightful single family home in sought after Tatum Ranch! Enjoy the benefits of solar without the worry of high energy bills. A stone patio welcomes you before setting foot in the home. Upon entrance, you are warmly greeted by a bright and open floor plan seamlessly connecting the kitchen to the living, dining, and family rooms, merging the indoor to the outdoor inviting backyard escape. Enjoy cooking in the well thought out kitchen that includes a generous sized island with granite counters The large owners bedroom includes a walk-in closet, en-suite bathroom w/dual vanities, soaking tub, & shower. 3 additional generously sized bedrooms offer plenty of space for all. The backyard features an inviting pool, desert landscaping & a covered patio...see more Shows pride of ownership. Home has been meticulously maintained. Enjoy the benefits of being minutes from Cave Creek, Carefree, Phoenix, Scottsdale, Desert Ridge, City North, hiking trails, golf courses, shopping, and dining. Don't miss out on this incredible opportunity in Tatum Ranch!

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7601 E Indian Bend Road Unit 1061 Scottsdale, AZ 85250

$825,000

2 Beds

2 Baths

1,509 SqFt

Status Active

MLS # 6773920

Property Type Apartment

Price Type --

Step into a world of elegance with this stunning ground-level corner unit in the newest phase of the highly sought-after Corriente Condos, a gated community nestled in the heart of Scottsdale. With only 198 homes in this ultra-exclusive complex, you'll enjoy both privacy and breathtaking golf course, lake, and mountain views right from your own covered patio. As you enter, you're greeted by a bright and open floor plan that seamlessly integrates a cozy fireplace, crown moldings, a 14x48 sound barrier floor and a beautiful $5k chandelier. The unit also has a brand-new air conditioning system (just 8 months old) for your convenience. The gourmet kitchen boasts stainless steel appliances, a gas stove, granite countertops, an upgraded backsplash, and a breakfast bar. Experience ultimate comfort with two spacious split bedrooms, each featuring private access to the patio. The master suite is a retreat of its own, complete with a luxurious bath offering dual sinks and a sleek glass shower. Conveniently, your guest bedroom is adjoining a beautifully designed full bathroom. This exquisite unit also includes oversized parking (2.5 spaces) underground reserved parking, and . Enjoy community amenities that elevate your lifestyle, including a pool, spa, clubhouse, onsite gym, and nearby golf course, all set within a prime Scottsdale location just minutes from the best dining, shopping, and entertainment the city has to offer. Don't miss this rare opportunity to own a piece of luxury in the prestigious Corriente community. Embrace the lifestyle you've always dreamed of!

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13118 W Santa Ynez Court Sun City West, AZ 85375

$825,000

2 Beds

2.5 Baths

2,784 SqFt

Status Active

MLS # 6763359

Property Type Single Family Residence

Price Type --

Nestled in the majestic Active Adult Gated Community of Corte Bella, this luxurious Figueroa model home is now available for sale, inviting you to embrace a lifestyle marked by elegance and comfort. The home sweeps across 2,784 sq. ft. featuring 2 spacious bedroom suites with 2 well-appointed bathrooms, and separate guest powder room each reflecting a commitment to quality and design. As you approach the home, you're greeted by a stunning brick-paved driveway leading to a duo of custom entryways, one of which boasts a charming fountain, setting the stage for the grandeur within. The 3-car epoxy garage offers ample space for vehicles and storage. Step inside to discover a haven where every detail is meticulously designed for ultimate comfort and leisure. The great room's cozy fireplace invites you to relax, while the chef's kitchen is a culinary delight with granite countertops, upgraded cabinetry, a garbage compactor, recently updated appliances including a Microwave and Dishwasher in 2022, a large island, and high-end amenities including a gas range. Additional luxury features include a built-in fridge wine fridge, butler's pantry, and a generous walk-in pantry. The circular nook seating and updated fixtures enhance the home's allure, providing a perfect space for dining and gatherings. The primary suite is a retreat of its own, offering direct access to the patio and pool area, ensuring privacy and tranquility. The primary bathroom features a tiled snail shower with large soaking tub, crafted for a spa-like experience. The second suite impresses with a walk-in closet and updated bathroom fixtures. Outside, the resort-style pool with a waterfall, resurfaced bottom in 2022 and new rock wall, along with the spa, multiple patios, built-in BBQ, and lush landscaping create an outdoor oasis perfect for relaxation or entertaining. This home is not only a standout residence within Corte Bella but a remarkable opportunity to acquire a property where luxury meets lifestyle, ready to offer its new owners a sophisticated, comfortable living experience.

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5763 W Johnny Mullins Drive Prescott, AZ 86305

$825,000

3 Beds

3 Baths

2,048 SqFt

Status Active

MLS # 6757315

Property Type Single Family Residence

Price Type --

This beautifully updated 2048 sqft home features a spacious, open floorplan with vaulted ceilings, offering a light & airy feel throughout. The cozy fireplace in the great room adds warmth and charm, perfect for chilly nights. The spacious kitchen has a subzero fridge, gas cooktop and large entertaining island. The master suite offers a luxurious retreat with a jetted soaking tub & walk in shower. The split bedroom design ensures privacy for everyone. Situated on a quiet cul-de-sac, the home boasts a large 10,000 sq ft lot with a fenced backyard backing to HOA open space, offering added privacy. Additional highlights include an inviting front porch, a new roof, dog run area, an extended paver patio with a gas firepit & more. The covered patio offers a built in BBQ & private dining area.

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22407 N Galicia Drive Sun City West, AZ 85375

$825,000

3 Beds

2.5 Baths

2,726 SqFt

Status Active

MLS # 6757808

Property Type Single Family Residence

Price Type --

This Luxury Home features a Formal Great Room with clear views of the 5th Hole of the Corte Bella Golf Course, Plantation Shutters and a Large Den. The Large Island Kitchen looks into the Family room with Sliding Glass Doors that lead onto the Covered Patio, overlooking the Heated pool and onto the Golf Course. The Master Suite allows you to wake up to the Morning Sunrise . Three Large Bedrooms . Two Separate Garages One two car garage and one Single Car. THIS IS A MUST SEE!! LOCATION, LOCATION LOCATION!!

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