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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6602 E Cheney Drive
Paradise Valley, AZ 85253
$3,450,000
5
Beds
4
Baths
4,107
SqFt
Status
Active
MLS #
6757875
Property Type
Single Family Residence
Price Type
--
CUSTOM CORNER LOT HOME WITH 5 BEDROOMS AND 4 BATHROOMS. BACKYARD WITH CANTERRA STONE PATIOS, RAMADA, LARGE FIREPLACE AND WITH WATERFALLS INTO THE POOL. LARGE MASTER BEDROOM WITH SITTING AREA AND FIREPLACE, CARRERA MARBLE MASTER BATH. BEDROOMS ARE A SPLIT FLOOR PLAN. NEW POOL MOTOR, POOL SWEEPER, GARBAGE DISPOSAL AND UPDATED WATERING SYSTEM.
15720 N 115th Way
Scottsdale, AZ 85255
$3,450,000
4
Beds
3.5
Baths
4,817
SqFt
Status
Active
MLS #
6763620
Property Type
Single Family Residence
Price Type
--
Welcome to your dream home at 15720 N. 115th Way, where breathtaking views and modern comforts come together in perfect harmony. Nestled in the serene guard-gated community of 100 Hills this stunning residence offers panoramic mountain vistas, stunning desert sunsets and glittering city lights, providing a backdrop that will captivate you day and night. Step inside to discover a beautifully updated kitchen, the heart of the home, designed for both style and functionality. Featuring sleek granite countertops, custom cabinets, state-of-the-art appliances, and ample storage space, this kitchen is a culinary enthusiast's delight. Whether you're preparing a gourmet meal or hosting friends and family, you'll appreciate the thoughtful design and attention to detail. Beyond the
6116 N Las Brisas Drive
Paradise Valley, AZ 85253
$3,449,000
3
Beds
3.5
Baths
3,049
SqFt
Status
Active
MLS #
6762291
Property Type
Single Family Residence
Price Type
--
Stunner at Mountain Shadows! This 1 level on-trend newer home is situated in the highly desired guard gated enclave called Villas at Mountain Shadows! This sensational home features amazing views of Camelback Mountain from your great room & back patio entertaining area! Enjoy the privacy & security of Mountain Shadows guard gating in addition to the resort's full amenities/facilities: including the 4500 SF comprehensive gym, 2 heated resort pools, golf, tennis, spa & more! This over the top 1 level home features stunning limestone floors throughout this spacious open floor plan that is centered on the chef's kitchen w/ enormous quartz waterfall edge island open to the spacious dining room & palatial great room w/ floor to ceiling retractable walls of glass for the ultimate seamless indoor/outdoor living experience! The new owners will love the light, bright & airy feel of this open concept great room combination featuring the sensational 12 ft. high ceilings! The dream chef's kitchen features a top of the line Sub-Zero/Wolf/Asko appliance package & custom cabinetry! Enjoy your new Sub-Zero refrigerator/freezer in the kitchen & the wine tower in the bar area! In addition all chef's will delight in using the multiple Wolf ovens & gas range! The primary bedroom features gorgeous Camelback Mtn views through the large picture window (featuring beautiful plantation shutters!). The dream primary bathroom features highly upgraded marble finishes, custom cabinetry w/ double sink vanity, separate soak tub & a palatial walk-in shower! 2 other secondary bedrooms are both ensuite featuring top of the line finishes & spacious closets! Don't forget to see both (2) walk in pantries when you view this fabulous 1 level resort style home in person! Entertain your family & friends in style enjoying the Camelback Mtn. views & built in BBQ center!
35670 N 85th Street
Scottsdale, AZ 85266
$3,449,000
3
Beds
3.5
Baths
4,828
SqFt
Status
Active Under Contract
MLS #
6732527
Property Type
Single Family Residence
Price Type
--
Just imagine this stunning home nestled behind the gates of Rosewood Ranch Estates, with breathtaking, unobstructed, panoramic, mountain views of Black Mountain, Elephant Mountain, and the Continental Mountains on over an acre-most private and largest lot in neighborhood is yours. This custom home is low maintenance & meticulously crafted by the Award Winning Rosewood Homes celebrated for design and innovative style. Built in 2020, and designed for those with discerning tastes. It's like a new build without the wait! Enjoy the soaring ceilings, elegant wood accent beams, tile hardwood floors, dream kitchen with upscale Wolf, Sub Zero, & Fisher Paykel appliances, private inner courtyard, heated pool, swim up BBQ Island, Bocce Ball, perfect Lock & Leave, room for Guest House ,Pickleball and MORE! The oversized kitchen island, designer backsplash, and custom cabinetry, are just a few of the features of this incredible kitchen, equipped with a Sub Zero custom refrigerator and freezer, a six-burner Wolf cooktop, and Fisher Paykel dish drawers. This stylish and inviting space is perfect for entertaining, making it the heart of the home. Unwind in the luxurious Great Room, featuring a sleek linear gas fireplace, large picture window perfectly framing Elephant Mountain and the Continental Mountains, or retreat to the versatile Den/Media Room, perfect for a Private Office, Gym, or Home theater. The Primary Suite serves as a private sanctuary, boasting a spa-like bathroom with a generous walk-in shower, beautiful freestanding tub, His and Her Vanities, complemented by oversized designer walk in His and Her closets. Guest comfort and privacy are paramount, with generously sized ensuite Guest Suites with walk in closets, thoughtfully located on the opposite side of the house with the Split Floor Plan Design. Embrace seamless Indoor-Outdoor Living with two walls of disappearing glass that open to a spectacular Private Inner Courtyard, the perfect place to entertain family and friends or curl up with a book and enjoy solitude. The resort style backyard is complete with a large custom heated pool featuring an oversized Bahia Shelf with Ledge Loungers for the ultimate in relaxation poolside, a designer poolside ramada and Gourmet Outdoor BBQ kitchen perfect to swim up to and enjoy fabulous mountain views, sunsets, cocktails and conversations! Enjoy a friendly game of Bocce Ball on your very own court for endless entertainment! Gather around the gas fire table under the star-filled desert sky, star gaze, roast marshmallows, tell stories and create wonderful memories to last a lifetime! Situated on over an acre this gorgeous home boast the largest, most private lot in the neighborhood and offers ample space if one wanted to add a separate Guest House ,a Pickleball Court, Putting Green, Yoga Shala, or simply room to run and play football or catch with your best friend. The Four-Car Garage provides plenty of storage for all your Cars, Recreation Vehicles and Toys. This impeccable home presents an unparalleled opportunity for luxurious living in North Scottsdale. Don't miss your chance to experience luxury at its finest, book your private tour today and step into the lifestyle you've always dreamed of! PS: Furniture available on a separate bill of sale at close of escrow.
1402 E Coral Cove Drive
Gilbert, AZ 85234
$3,400,050
8
Beds
7.5
Baths
11,705
SqFt
Status
Active
MLS #
6719083
Property Type
Single Family Residence
Price Type
--
Magnificent lakefront 2-story basement estate on rare Peninsular lot w/nearly 239' (2 sides) of lakefront nestled on a cul-de-sac lot in the prestigious, gated West Lake Estates Val Vista Lakes water-wonderland Community. Approximately 8,429sf above grade & 3,276sf of beautifully finished basement w/ living quarters, wet bar/kitchenette, 720 btl wine room & gym; a bright upper level attached full Guest Quarters w/sep. entrances; nearly new roof, HVAC & OWNED solar! Thoughtful design w/ superior function, energy efficiency & a flowing floor plan for easy living & entertaining. Timeless architecture, stunning water views & mountain vistas - a lifestyle second to none. Lavish community amenities w/ convenient location to shopping, dining & easy highway access; minutes to airport! SUPPLEMENT: Amenities and updates abound in this luxurious lakefront residence! 1.
10626 E Palo Brea Drive
Scottsdale, AZ 85262
$3,400,000
3
Beds
3.5
Baths
4,160
SqFt
Status
Active
MLS #
6761265
Property Type
Single Family Residence
Price Type
--
This stunning, timeless residence in Turquoise Ridge is nestled on a private cul-de-sac along a serene greenbelt, offering sweeping views of Cochise golf course, city lights, and both sunrise and sunset. Santa Fe accents add warmth and charm to this beautifully designed home, where style meets comfort at every turn. With GOLF MEMBERSHIP available to the exclusive Desert Mountain Club, you'll enjoy world-class courses and luxury amenities just moments away.Inside, the open-concept layout flows seamlessly from the gourmet kitchen to the spacious Great Room, featuring rustic beams, soaring ceilings, and expansive windows that flood the home with natural light, framing breathtaking desert vistas. The kitchen is a chef's dream, complete with high-end appliances, custom Alder cabinetry, and a convenient serving window to the outside pool patioperfect for entertaining. The office is beautifully designed, ideal for working from home, while the oversized three-car garage provides ample space for vehicles and storage, including a wine cellar. The home boasts three luxurious suites, each with its own private patio for quiet relaxation. The large primary suite has direct access to the pool and spa, offering the ultimate retreat. Multiple patios provide additional areas for guest entertaining, while the sun-soaked backyard, with a sparkling pool and shaded al fresco dining space, invites you to bask in the Arizona sunshine. For those seeking the best views, the upper patio delivers panoramic vistas, showcasing vibrant sunsets and the twinkling cityscape. This is a home where every detail has been thoughtfully crafted for both elegance and functionality, making it the perfect desert escape.
6645 W Leonard Lane
Flagstaff, AZ 86001
$3,400,000
2
Beds
2.5
Baths
2,984
SqFt
Status
Active
MLS #
6778387
Property Type
Single Family Residence
Price Type
--
Discover your dream mountain retreat with breathtaking views of the San Fransisco peaks! This luxury log cabin, designed by Rocky Mountain Log Homes, features stunning 12'' Western timber logs--no dry wall in sight! The owner/builder spared no expense with quality details throughout. With two bedrooms, 2.5 baths, and a spacious 540 sq ft loft as an extra sleeping area, this home is perfect for family getaways. Enjoy a chef's kitchen with Bertazzoni stainless appliances, granite countertops, a gas stove, and a cozy breakfast bar. Relax by the wood- burning fireplace or unwind in the soaking tub. Located off Snowbowl Road, just minutes from Flagstaff and Snowbowl Ski Resort!
4106 E San Miguel Avenue
Phoenix, AZ 85018
$3,400,000
4
Beds
3.5
Baths
3,844
SqFt
Status
Active Under Contract
MLS #
6748744
Property Type
Single Family Residence
Price Type
--
Blue Sky's newest build in the coveted Marion Estates is ready for its big reveal! Buyers will be wowed by each detail of the property, which features a Lutron smart home control center that services lights, TVs, music, a security system and shades, all from the touch of a button. The thoughtful floorplan contains four bedrooms, including two spacious suites and a flex room. The entertainer's kitchen showcases Energy Star top-rated appliances, custom cabinetry and a generous kitchen island. The outdoor ambiance, which includes a rooftop patio, will captivate owners and guests alike with landscape design by Creative Environments that boasts a sparkling pool, spa, built-in BBQ and an expansive fire pit. Plus, it's impossible to miss the stunning views of Camelback Mountain & Piestewa Peak
39877 N 107th Way
Scottsdale, AZ 85262
$3,400,000
3
Beds
3.5
Baths
3,050
SqFt
Status
Active
MLS #
6769254
Property Type
Single Family Residence
Price Type
--
GOLF MEMBERSHIP AVAILABLE. For those who seek unparalleled luxury and craftsmanship, this home offers a complete visual and sensory experience, where every corner reveals beauty and artistry. Designed by Bing Hu and masterfully reimagined by Aesthetic Interiors & Design, this residence is a testament to refined design and meticulous attention to detail. Nestled in the prestigious Desert Mountain community, this home seamlessly blends timeless architectural integrity with modern luxury. Upon stepping through the grand glass pivot door, you're immediately captivated—not just by the striking chandelier, but by the sense that everywhere your eye lands, beauty unfolds. From the rich tones of custom walnut cabinetry to the sleek finishes of satin granite countertops, every detail in the home has been curated with an artistic vision. The open, airy layout flows effortlessly from one space to the next, showcasing a thoughtful balance of rich blacks and warm browns. These materials complement the serene surroundings while adding a modern edge that speaks to the home's luxury. In every room, there's a sense of cohesion and careful design,nothing is out of place, and yet, each space feels distinct. Outdoors, the visual splendor continues. The fully remodeled pool and spa with pebble sheen & LED light show, completed with a serene waterfall feature, create a private oasis, while updated landscaping enhances the natural beauty of the desert environment. The outdoor living area complete with a built-in BBQ, & gathering spot around the 5-foot linear gas fire pit, while listening to your favorite tunes through the indoor/outdoor Sonos system, extends the elegance and functionality of the home. Additionally, this home is ready for you to move right in fully furnished with exquisite RH pieces and styled with a designer's touch. A transferable Desert Mountain golf membership adds to the allure, providing access to one of Scottsdale's most prestigious golf communities. This home is not just a remodel; it is a complete transformation of Bing Hu's original architectural vision, offering a harmonious blend of modern luxury and artistic craftsmanship. Overlooking the 9th fairway of the Apache Golf Course, it stands as a rare and stunning piece of art within one of Scottsdale's most coveted communities. Welcome to The Modern Hu. - A home, a lifestyle, a masterpiece. Entire Home, Landscape, Pool has been updated. See documents tab for a detailed list. See video and 3D Matterport Video in photos.
15972 N 115th Way
Scottsdale, AZ 85255
$3,399,900
3
Beds
2.5
Baths
4,596
SqFt
Status
Active
MLS #
6769991
Property Type
Single Family Residence
Price Type
--
Hidden gem surrounded by Magnificent Views, and lush trees.. Enjoy the unobstructed view of McDowell Mtn & the sunset/city lights in the Oasis resort-like backyard designed with 65' infinity style pool, large water fall, spa and sunken gazebo. The main house features an open split floor plan with high ceilings. Spacious living room flows into family room complete with wine bar. Kitchen boasts granite countertops with plenty of storage. Plus a theater room & butler's pantry & office area. The newly renovated 1,208 SQFT. separate guest suite features 1 bedroom 1 bath, kitchenette and more! The quiet and stunning neighborhood has many amenities & easy access to the McDowell Mountain trails for hiking just minutes away. Property to be sold As-Is no repairs. Interior photos coming soon!
24614 S 183rd Place
Gilbert, AZ 85298
$3,396,000
7
Beds
6
Baths
7,076
SqFt
Status
Active
MLS #
6765928
Property Type
Single Family Residence
Price Type
--
Experience luxury in this custom-built 7-bed, 6-bath estate on a one-acre lot within a gated community, offering breathtaking San Tan Mountain views. The 5,876 sq.ft. MAIN HOUSE features 5 spacious bedrooms, a game room, and an office, while the 1,200 sq. ft., 2-bedroom GUEST HOUSE is ideal for visitors or extended family. Step inside to find luxury at every turn, from the grand iron glass door to the sleek 100'' electric fireplace, wine cellar, 10'x16' pocket patio door, and windows with dual-shade blinds THE CHEF'S KITCHEN is designed for culinary excellence, with Thermador appliances, a Sub-Zero fridge, 3-slab quartzite countertops, a walk-in pantry, large storage, and a separate BUTLER'S KITCHEN. THE MASTER RETREAT includes a large sitting area, a spa-like bath with a freestanding soaking tub and walk-in shower, and a custom-designed closet with a marble-topped island, soft-close drawers, and a washer/dryer hookup. All large bedrooms feature walk-in closets, with one offering an ensuite. The laundry room is prepped for a dog-wash station. The backyard boasts an oversized POOL, heated spa, and firepit. THE 4-CAR GARAGE includes an electric vehicle charging station, epoxy floors, and tall roll-up doors. With space for additions like an RV garage or sports court, this estate offers endless potential. Conveniently located near top-rated schools, Seville Golf Community, San Tan Loop 202, and Gilbert Regional Park, this luxury home is a one-of-a-kind opportunity.
4849 N Camelback Ridge Road
Scottsdale, AZ 85251
$3,395,000
2
Beds
3
Baths
2,294
SqFt
Status
Active
MLS #
6681501
Property Type
Apartment
Price Type
--
This unique loft style home features 10' ceilings in the living area with spacious indoor/outdoor living and a lower garden/yard. This home is exceptional with its soaring ceilings and phenomenal views of Camelback Mountain. Featuring 1 bedroom, 2 full baths, a den and 2 reserved parking spaces. Tucked at the base of Camelback Mountain, Ascent is a new, private gated residential enclave adjacent to The Phoenician Resort - one of Arizona's premier luxury resorts. Home designs feature contemporary architecture integrating warm, natural materials, expansive windows, stacking door systems opening to a large outdoor patio with fire feature and BBQ Thoughtfully designed by Nelsen Architects and Vallone Interior Design. Luxury finishes include exquisite Bulthaup Kitchens, hardwood floors, .....