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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1945 W Horsetail Trail
Phoenix, AZ 85085
$819,990
4
Beds
3.5
Baths
2,938
SqFt
Status
Active
MLS #
6752495
Property Type
Single Family Residence
Price Type
--
Up to 3% of base price or total purchase price, whichever is less, is available through preferred lender plus additional 2% of base price or total purchase price, whichever is less, is available to be used toward closing costs, pre-paids, rate buy downs, &/or price adjustments. North-facing, two-story Prato floorplan with 2.5 car garage. First-floor owner's suite with glass low-threshold walk-in shower, chef kitchen with Whirlpool gas cooktop, white cabinets, and quartz countertops. Features upgraded tile, carpet, center slider for indoor-outdoor living, laundry cabinets with sink, upstairs suite with added bathroom, surround sound, Smart Home package, and front yard desert landscaping with a main line to the backyard.
28143 N Desert Sky Trail
Queen Creek, AZ 85144
$819,900
4
Beds
2.5
Baths
2,655
SqFt
Status
Active
MLS #
6742550
Property Type
Single Family Residence
Price Type
--
Welcome to your quiet oasis with incredible mountain views! This stunning 4 bed, 2.5 bath home sits on 1.25 acres of land. Walk in the front door to an open floor plan with a massive kitchen surrounded by upgraded cabinets and quartz countertops. Built in 2021 with 2x6 exterior framing and sheered exterior walls with 10 and 12 foot ceilings, spray foam insulation at roof deck, synthetic stucco, quartz countertops, walk in tiled master shower, beautiful LED lighting, 3 car garage, built-in fireplace, and walk-in closets throughout. The elevated back patio provides great views of the mountains and surrounding areas. Come enjoy this gem that is far enough away from the city, but close enough for your needs. It won't disappoint!
1749 E Medlock Drive
Phoenix, AZ 85016
$819,900
4
Beds
2
Baths
2,024
SqFt
Status
Active
MLS #
6763717
Property Type
Single Family Residence
Price Type
--
Welcome Home! Charming 4 bed, 2 bath (cul-de-sac) home in highly desirable 18th St/Camelback Corridor neighborhood is perfect for any owner occupant or can be used as a cash-flowing income producing vacation rental! Beautiful flooring, tons of character and niches thru-out. This home is open and bright with a kitchen that features granite counter-tops, recessed lighting, raised-maple cabinets, undermount sink with stainless steel gas appliances. Newer A/C and covered patio/gazebo to sit and enjoy the relaxing heated, fenced and recently remodeled diving private pool. Super private yard and no direct neighbors. Don't miss out on this one!
4730 E Desert Forest Trail
Cave Creek, AZ 85331
$819,900
3
Beds
2
Baths
2,056
SqFt
Status
Active
MLS #
6750376
Property Type
Single Family Residence
Price Type
--
Welcome to this delightful 3-bedroom, 2-bath home set on just over an acre, offering both privacy and tranquility. The interior features travertine floors and a great room with vaulted ceilings, creating a spacious feel. The kitchen boasts granite countertops and stainless-steel appliances, with ceiling fans throughout for added comfort. Perfect for those who love outdoor living, this property includes a covered patio and an entertainer's backyard with a fireplace, built-in BBQ area with a pizza oven, space for a refrigerator, bar seating, and ample room to add a pool. The 2-car garage offers floor-to-ceiling storage cabinets for plenty of storage space. Conveniently located close to all the amenities of the city.
809 W St Moritz Drive
Payson, AZ 85541
$819,900
5
Beds
3
Baths
3,343
SqFt
Status
Active
MLS #
6725287
Property Type
Single Family Residence
Price Type
--
Beautiful furnished remodeled home with 2 extra bedrooms and a full bath in basement 2 extra storage closets as well. Kitchen and bathroom remodeled with white shaker cabinets and extra pantry cabinets in kitchen. New vinyl plank flooring in basement, tile in laundry room and bathrooms. Five Panel doors, Large game room in walk out basement. Large primary closet with barn door. 2 large decks, views of the mountains. Fire pit area. 2 gas fireplaces and fenced dog run. Hook ups for kitchenette downstairs. Plans for 3rd car garage. New kitchen appliances, new washer and dryer, new carpet, new leaf filter gutters, new landscaping, new sun screens on all windows, new whole house filtration system/softer, decks refinished, new roof, new interior and exterior paint, overhead storage in garage.
1501 N Miller Road Unit 1006
Scottsdale, AZ 85257
$819,000
3
Beds
2.5
Baths
2,080
SqFt
Status
Active
MLS #
6780958
Property Type
Townhouse
Price Type
--
NEW HOMES DELIVERING NOW. The Magic of Vistas of Scottsdale. A boutique Enclave of only 16 private, luxury homes in the Heart of Scottsdale - Location is Everything. Open spaces, clean lines & abundant glass create a design experience to merge the indoors and outdoors. Vistas of Scottsdale are curated with a discerning eye using warm, organic tones and natural textures focusing on the personal nature of the home as a retreat. Sweeping Mountain Vistas are captured from the 580sf roof terrace and unique floating overlook to rival a hotel/restaurant environment. The 30ft wide main living area provides unparalleled openness and light. The builder's vision from the inception was to focus on incorporating premium materials to create an innovative Scottsdale lifestyle.
18009 E Silver Sage Lane
Rio Verde, AZ 85263
$819,000
2
Beds
3
Baths
2,093
SqFt
Status
Active
MLS #
6727868
Property Type
Single Family Residence
Price Type
--
Welcome to your dream home in the heart of prestigious Trilogy at Verde River. This home has it all! This easy and generous IRONWOOD floor plan offers 2 Upscale bedrooms, Large Den/Study, 2.5 bathrooms, and countless upgrades throughout. Beautiful design elements are apparent from the moment you arrive and not a detail has been overlooked either inside or out. The stylish kitchen, loaded with Stainless Steel Monogram Gourmet Appliance Package, quartz island, stunning upgraded cabinets with soft close doors, apron front farm sink, decorative backsplash, under-cabinet lighting and walk-in pantry leaves absolutely nothing to be desired. You'll appreciate the attention to detail and luxurious touches throughout that make this home truly special including upgraded tile flooring, white shutters throughout, custom lighting, 8' ft. solid core interior doors, two tone paint, 15 SEER AC unit, upgraded Hall of Frames mirrors in all the bathrooms, built-in cabinets in the garage and more. The Great room opens to an outdoor living room with a Multi Slide Wall of Glass for optimal Arizona indoor-outdoor living. The private South facing backyard is a true oasis with extended patio and soothing water feature for quite moments of reflection or joyful entertaining. Trilogy at Verde River offers upscale Resort living at its finest and the very best of all possible worlds, close to the conveniences of affluent North Scottsdale, yet secreted within the pristine privacy of the Sonoran Desert. The amenities are World Class with Tom Lehman inspired eighteen-hole Golf course, tennis courts, pickle ball courts, and bocce ball, heated lap pool and Resort style swimming pool, hot tub, Afterburn fitness center, Helen's demonstration Kitchen for cooking classes and a 7.5 acre dog park. The community center has casual poolside dining at Eddy's Diner and gourmet dining at award-winning Needle Rock Kitchen and Tap, Alvea Spa with full-service Salon and Spa amenities, Art Loft and events center. Trilogy at Verde River is adjacent to the Tonto National Forest and is situated in the middle of miles and miles of hiking and biking trails. Whether you're seeking a second, winter home, or will live here year-round, Trilogy at Verde River is an ideal distance from the hustle and bustle of North Scottsdale. Attitudes here are different; there's a sense of community. You'll love the Resort living! What memories will you make?
4188 N 182nd Lane
Goodyear, AZ 85395
$819,000
4
Beds
3.5
Baths
2,599
SqFt
Status
Active
MLS #
6779743
Property Type
Single Family Residence
Price Type
--
Gorgeous former model home. Gourmet kitchen with large quartz countertops, large island, stainless steel appliances, butler pantry, and high-end cabinets. Spacious layout with split master bedroom. Wood plank tile & crown molding throughout. Backyard paradise with covered travertine patio and pool area with gas dual-sided fireplace, heated saltwater pool and spa. Owned Solar!
930 W Yellowstone Way
Chandler, AZ 85248
$819,000
4
Beds
3
Baths
2,746
SqFt
Status
Active
MLS #
6780878
Property Type
Single Family Residence
Price Type
--
Come home to an oasis on the water! This gem of a home in Echelon at Ocotillo is so livable! Three spacious bedrooms and a loft are upstairs; a guest rm and 3/4 bath are down. Open kitchen features an island, dbl ovens and gas cooktop and makes entertaining a breeze. Open the sliding French doors to the bkyrd for indoor/outdoor living. Lots of windows w/elegant shutters (no tilt rods!) Whole house water filtration. All in a beautiful community close to Intel, shopping, dining, and just a few miles from 101 access.
312 E Windsor Avenue Unit 4
Phoenix, AZ 85004
$819,000
3
Beds
3
Baths
2,200
SqFt
Status
Active
MLS #
6652432
Property Type
Townhouse
Price Type
--
Our eyes are made to see forms in light: light and shade reveal these forms. Rising like the sun over Midtown Phoenix is Soleil. Inspired by Original Modernism; built for connoisseurs of live, work, play. There's a renaissance going on in PHX and you can be close to it all. Uber or light rail yourself to 3 rd Street Promenade and into secluded hidey holes! And when you need to unwind? You're 15 minutes away from exciting, desert hiking trails. It's here you'll witness sun-setting colors pour and splash themselves all over the Sonoran Desert.
2318 E Carlise Road
Phoenix, AZ 85086
$819,000
4
Beds
3
Baths
2,987
SqFt
Status
Active
MLS #
6711439
Property Type
Single Family Residence
Price Type
--
Outstanding Santa Fe style home on acre plus loaded with space and privacy! Located in the desirable east Desert Hills on private dead-end road, this property has city water and no HOA! Walking distance to Cave Creek Regional Park trails. Large Master bedroom with gas fireplace, personal exit to back patio, and beautiful travertine accented bathroom with jet tub. Guest quarters with private exit to rear patio. Two additional bedrooms share a Jack and Jill style bath. Wide open living room floor plan with gas fireplace. New carpet and window coverings throughout home. This large property is a blank canvas for a pool, horse setup or workshop. Plenty of storage space with 4 car garage. Covered back patio faces North with a gas fireplace. New Trane AC Unit's installed 12/2018.
22838 N De La Guerra Drive
Sun City West, AZ 85375
$819,000
2
Beds
2.5
Baths
2,784
SqFt
Status
Active
MLS #
6689724
Property Type
Single Family Residence
Price Type
--
Reduced Price! Golf Course Beauty w/3 car garage & courtyard. Upscale Figueroa Model, nestled in a desirable interior location of Corte Bella on the 13th fairway! 10 ft ceilings, 8ft interior doors, 2 ensuites, den and powder room. Casual dining with a view of the course + formal dining in the gathering room! Butler pantry including beverage cooler, walk-in pantry/torage closet & huge laundry room w/cabinets galore! Kitchen has a huge island w/ prep sink. Top of the line, stainless steel appliances, counter depth fridge, breakfast nook. Massive outdoor living space designed for daily enjoyment & entertaining. This will become your favorite place to end the day of you as you enjoy the colorful AZ sunset. Some furniture available outside of escrow. Corte Bella Country Club is 45+ is a guard-gated Del Webb community. Offering 2 restaurants & bars, a fitness center, heated pool & spa, locker and shower rooms, day spa, tennis, pickleball, bocce ball, social HOA activities and planned excursions and special interest clubs. Corte Bella Golf Club is a semi-private club. Corte Bella residents may NOT use the recreation facilities in Sun City West but may play golf on the SCW public golf courses. Corte Bella is well known for its award-winning golf course, restaurant, and amenities.