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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2325 N 160th Avenue Goodyear, AZ 85395

$825,000

4 Beds

3.5 Baths

3,634 SqFt

Status Active

MLS # 6756042

Property Type Single Family Residence

Price Type --

PRICED TO SELL! PRISTINE 4 BEDROOM 3.5 BATH WITH POOL IN SOUGHT-AFTER GATED COMMUNITY OF PALM VALLEY! PREMIUM LOT BACKING TO GREENBELT! 3 CAR GARAGE! TENS OF THOUSANDS IN UPGRADES! This beautiful home boasts 10' ceilings throughout, open concept Kitchen/Great Room, Guest Suite, Game or Flex Room, Den, Formal Dining, 20'' tile floors, stone niche with gas fireplace, granite countertops, upgraded cabinets with crown molding, double ovens, gas cooktop, R/O system, pull-out shelves, split Primary Bedroom with walk-in shower and garden tub, 8' doors throughout, custom shades, and the list goes on. Relax and entertain in your private back yard with pool, pergola, built-in BBQ, covered patio, & landscape lighting. RV gate with paver pad included. Excellent location near shopping & restaurants!

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1547 W Vernon Avenue Phoenix, AZ 85007

$825,000

3 Beds

2 Baths

1,928 SqFt

Status Active

MLS # 6757540

Property Type Single Family Residence

Price Type --

MOTIVATED SELLER! Beautiful Tudor Revival home in the sought-after Del Norte Place Historic District. Enjoy versatile living w/ a den/flex space and a finished basement for expanded utility. This 1,928 sq ft residence features all NEW systems & sits just steps from Encanto Park. Timeless character meets modern convenience.Adorned with ORIGINAL scored concrete AND wood floors, it seamlessly blends vintage charm with modern amenities. Step inside to discover a gorgeous barrel ceiling echoing the arched front picture window, original scored concrete floors, complemented by vintage and period light fixtures, offering a warm ambiance throughout. Additionally, French doors from the living room open into a versatile den offering endless possibilities as a home office or a tranquil retreat. The kitchen is perfect for culinary enthusiasts; a 6-burner gas stove, oiled soapstone countertops, adorned with a marble backsplash and top of the line SS appliances. Spanning 1928 sq. ft., the home's vintage interior spaces beckon with a spacious formal dining room leading to the enchanting indoor/outdoor oasis of the covered patio and private sanctuary in the back yard. Downstairs, a large finished basement provides ample space for recreation or relaxation, catering to every lifestyle need. Discover the epitome of refined living in this peaceful neighborhood.

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7323 E Sunset Sky Circle Scottsdale, AZ 85266

$825,000

3 Beds

2 Baths

2,182 SqFt

Status Active

MLS # 6764112

Property Type Townhouse

Price Type --

Experience the ultimate lifestyle in this spacious 3-bedroom, 2-bath villa. Skylights illuminate the easy flow and open layout, showcasing an updated kitchen offers bar-seating as well as an eat-in kitchen. You'll love the granite countertops, stainless appliances, gas range and large double pantry. Step outside to your private patio with stunning views of Winfield Mountain, a built-in BBQ, and a soothing water feature. As a resident, you'll enjoy access to fantastic amenities: swim in the resort style pool, fitness center, play pickleball, and socialize at the clubhouse with ongoing events, among many other amenities. With scenic hiking trails right outside your door. Embrace comfort, community, and an active lifestyle with this resort style living.

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15408 S 19th Way Phoenix, AZ 85048

$825,000

4 Beds

2 Baths

2,459 SqFt

Status Active

MLS # 6765786

Property Type Single Family Residence

Price Type --

This beautifully maintained single level home boasts breathtaking mountain views from its serene preserve setting. Enjoy an easy flowing floor plan perfect for entertaining, with a spacious kitchen and open living areas. Step outside to your private backyard paradise featuring a sparkling pool and spa, ideal for relaxation and outdoor gatherings. Cabrillo Canyon offers a vibrant community with nearby scenic trails and parks, award-winning schools & an accessible valley location making this the perfect place to become your new home. Lifestyle options abound — reserve your private tour today!

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2510 E Pleasant Lane Phoenix, AZ 85042

$825,000

4 Beds

3.5 Baths

3,184 SqFt

Status Active

MLS # 6766393

Property Type Single Family Residence

Price Type --

Introducing a stunning 4-bedroom, 3.5-bathroom NextGen home featuring a beautiful pool and a charming separate living space! The bright main home boasts a spacious living room with sliding doors to the backyard and a cozy den, perfect for an office. The gourmet kitchen showcases granite counters, stainless steel appliances, wall ovens, an island with a breakfast bar, and a walk-in pantry. The main bedroom offers a luxurious ensuite with dual vanities, a raindrop shower, and a walk-in closet. Guest quarters include a living room, kitchen, bedroom, laundry, private patio, garage, and separate entrance—ideal for visitors or rental. Enjoy a backyard oasis with a covered patio, heated pool and spa, and built-in BBQ. Located in the Arbors Gated Community, across from Legacy Golf Club.

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21721 N 85th Drive Peoria, AZ 85382

$825,000

5 Beds

3 Baths

3,811 SqFt

Status Active

MLS # 6768390

Property Type Single Family Residence

Price Type --

Fully renovated 3800sf home in the heart of Peoria* 5 bedrooms, 3.5 Bath* High vaulted ceilings* Designer tile in all the right places* Stunning custom kitchen with high grade slab granite, custom cabinets & stainless steel appliances* Family room is right off the kitchen* 4 large bedrooms and an open loft on the 2nd floor* Expansive grass backyard with pebble finish pool, covered patio, RV gate* 3 car garage* Cul-de-sac lot* Close walk to the excellent Peoria schools & parks* Come take a look at this great home!!!

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31224 N 167th Avenue Surprise, AZ 85387

$825,000

3 Beds

2 Baths

2,682 SqFt

Status Active

MLS # 6770863

Property Type Single Family Residence

Price Type --

check out this gorgeous home built by MBH. Enjoy the peace, quiet and tranquility of North Surprise. This high-quality Desert Contemporary home will NOT last long. Home has RARE PAVEMENT ACCESS on White Wing and 1.14 acres of land for all your toys. This home also comes with a detached CASITA for your in-law or at home business. Showcasing GRAY and White transitional interior design. This home offers 2200 sf main home with 482 sf detached casita equipped with full bath and kitchenette. Home has 3 Bedrooms, HUGE walk-in pantry with dry bar and RF nook and 2.5 Bathrooms. Upgrades EVERYWHERE! Amazing open concept layout, stunning foyer and gallery, rear entry drop zone. Laundry with master closet access. Separated split bedrooms for ultimate quiet and privacy. Gray shaker cabinetry with roll out trays. Waste cabinet. Black Farmhouse sink. Upper and Lower LED cabinet lighting. Quartz counter tops. Marble chevron backsplash. Frigidaire Gallery stainless steel 5 piece appliances. 8ft interior doors are painted gray. Luxury bathroom tile with free-standing Tub. Black Delta plumbing Fixtures. High rise toilets with soft close lids. Gorgeous light fixtures. HUGE 516sqft covered rear patio. home has it all and needs nothing.

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879 E Loma Vista Street Gilbert, AZ 85295

$825,000

5 Beds

3 Baths

2,773 SqFt

Status Active

MLS # 6772047

Property Type Single Family Residence

Price Type --

What an incredible 5-bed, 3-bath home on over 1/3 acre exuding charm! New AC's, Extra long driveway, RV gate, & RV parking. Bring all your toys! A welcoming living room with a high ceiling and panoramic windows is perfect for entertaining guests, while the family room w/gas fireplace & cozy loft are ideal for intimate gatherings. The kitchen has an island w/breakfast bar, granite counters, SS appliances, a walk-in pantry, & plenty of cabinets. Double doors open to the main retreat to find an ensuite boasting a dual sink vanity, roll-in shower, & walk-in closet. A bedroom & full bathroom await downstairs for added comfort! Oversized backyard offers covered patio w/Ramada extended, artificial lawn, playground, & a blue pool w/boulder waterfall, slide, & grotto as the heart of the backyard.

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3123 N 78th Street Mesa, AZ 85207

$825,000

4 Beds

2 Baths

2,325 SqFt

Status Active

MLS # 6774613

Property Type Single Family Residence

Price Type --

Drive up the long driveway to this amazing 1.3 acre north/south exposure lot with horse privileges. No HOA fees. Beautiful views! Current owner has lived in home for 22+ years. This wonderful 4 bedroom split floor plan home will need some updating but has been well taken care of. Don't miss this opportunity to buy this home and turn it into your dream home for years to come. Home backs to Rock Canyon at Las Sendas.

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6814 N 185th Avenue Waddell, AZ 85355

$825,000

4 Beds

2.5 Baths

2,250 SqFt

Status Active

MLS # 6776290

Property Type Single Family Residence

Price Type --

Beautiful Ranch home on 2 acres of irrigated land! 2250 square feet with 4 bedrooms. Formal living room and dining room with fireplace and french doors leading to covered patio. Property has grass in front and back with large back pasture. 30x 40 metal garage with 3 additional outbuildings. Fencing all around the property perfect for all your animal needs. This home is a must see.

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7640 E Golden Eagle Circle Gold Canyon, AZ 85118

$825,000

3 Beds

3 Baths

2,382 SqFt

Status Active Under Contract

MLS # 6644783

Property Type Single Family Residence

Price Type --

2ND PRICE REDUCTION! MOTIVATED SELLER! Superstition Mountain villa with MOUNTAIN VIEWS!. OFFERED FURNISHED! Very PRIVATE lot with views of the 9th hole of the Prospector Golf Course. WALKING DISTANCE TO THE CLUBHOUSE! Three bedrooms, one being a separate guest Casita, and 3 baths. OPEN KITCHEN, DINING, GREAT ROOM LAYOUT. Granite counter tops in the kitchen, wood beams in the great room, wood shutters and pleated shades throughout the home. Carpet in the bedrooms have been replace with wood floors. EXTENDED PATIO WITH FIRE PIT AND PLENTY OF ROOM FOR OUT DOOR SEATING. TWO JACK NICKLAUS GOLF COURSES! Not a golfer? Enjoy pickle ball, tennis, bocce, hiking and many other activities. You will love it here! Cub amenities under a separate agreement. 24 HOUR GUARD GATED COMMUNITY!. 35 minutes to Sky Harbor and 20 minutes to Mesa Gateway airports. Buyer and buyer's agent to verify all pertinent information including square footage.

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17429 E Via Del Oro -- Fountain Hills, AZ 85268

$825,000

3 Beds

2 Baths

1,750 SqFt

Status Active

MLS # 6730951

Property Type Single Family Residence

Price Type --

Welcome to Puerto Del Lago nestled at the end of a serene cul de sac, this home offers luxurious living with modern amenities and impeccable design. The kitchen features brand-new custom cabinetry, stainless steel appliances, quartz countertops and spacious island perfect for entertaining. The bathrooms have been transformed with elegant fixtures, modern vanities, custom tile work, and frameless glass shower enclosures, providing a spa-like experience in the comfort of your home. The living areas have new flooring throughout, stylish trim, and fresh paint, creating a cohesive and inviting atmosphere. Outside has large covered patio, built in BBQ and endless views of the serene desert. Neighborhood has community pool and is a short distance to the famous Fountain Hills fountain A stunning fireplace wall has been added to the living room, creating a cozy focal point that enhances the ambiance of the space. The spacious bedrooms offer ample closet space and natural light, ensuring comfort and tranquility. Additional upgrades include new doors, light fixtures and HVAC system, ensuring comfort and energy efficiency. The home is conveniently situated near top-rated schools, shopping, dining, and recreational activities, offering the best of Fountain Hills living in a home that feels brand new.

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