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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5214 E Flower Street
Phoenix, AZ 85018
$2,995,000
4
Beds
3.5
Baths
5,582
SqFt
Status
Active
MLS #
6773295
Property Type
Single Family Residence
Price Type
--
Discover your private desert retreat in the heart of Arcadia! This contemporary ranch estate, built in 2018, offers a combined 5,582 SqFt of luxury living between the 4,413 SqFt main house and a spacious 1,169 SqFt guest house. This stunning home features an open floor plan with soaring ceilings and sun-drenched spaces. The gourmet kitchen is a chef's dream, complete with a massive island, double ovens, a 66-inch fridge/freezer, and an oversized pantry for all your storage needs. Perfect for entertaining, the kitchen flows effortlessly into the main living area, creating an inviting space for gatherings. The primary suite is a true sanctuary, offering a spa-like bathroom, a large walk-in closet, and direct access to a private patio where you can soak in the stunning views of Camelback.
30508 N 64th Street
Cave Creek, AZ 85331
$2,995,000
5
Beds
4.5
Baths
5,653
SqFt
Status
Active
MLS #
6730262
Property Type
Single Family Residence
Price Type
--
Step into true desert luxury. This custom home takes comfort and convenience and seamlessly integrates with style and sophistication. An open layout that makes entertaining a breeze. Stunning finishes throughout. Resort style pool with reflection fountain and a backyard oasis that turns even the hottest AZ days into the coolest of experiences. Surround sound, home theatre, oversized office, a split primary suite with dual walk-in closets and see-through fireplace two additional bedrooms with ensuites. There is even a pet wash station and dog run. Walk into your new home and have people over as soon as you get the keys. Home furnishings are also available for purchase to make your AZ move a breeze. Your exquisite desert oasis is in the prestigious town of Cave Creek, just outside Scottsdale, Arizona. This unparalleled luxury residence offers a sophisticated blend of modern amenities and timeless elegance, designed to captivate discerning home buyer seeking the ultimate in high-end living. Exceptional Features Include: Master Suite: Indulge in the opulence of the master suite, featuring a jetted tub with a see-through fireplace, his and hers walk-in closets, and two luxurious laundry rooms. Wine Enthusiast's Dream: Savor your finest vintages in the temperature-controlled wine cellar and beverage center, complete with marble countertops, dual drawer refrigerators, and two built-in ice and water dispensers. Gourmet Kitchen: The main kitchen is a chef's delight, showcasing white marble countertops, an island with stunning granite, built-in appliances, a walk-in pantry, and a convenient pass-through window to the outdoor patio. Entertainment Haven: Host unforgettable gatherings in the resort-style backyard, boasting a reflection fountain, a sparkling pool, a sunken hot tub, and an outdoor kitchen with a fire table. Enjoy the seamless indoor/outdoor living experience facilitated by the impressive 20-foot pocket door. Custom Interiors: The great room features high ceilings with faux wood beams, custom pendant lighting, a striking gas fireplace with stone veneer and fiberoptic twinkling lights, and engineered wood floors. Executive Office: A spacious executive office accommodates two workspaces, perfect for those working from home. Pet Paradise: Pamper your pets in the dedicated dog room with a shower, leading to an outdoor dog run enclosed by block walls with deep footers and a steel mesh view fence. Smart Home Features: Enjoy the convenience of motorized shades both indoors and outdoors, wood casement double-pane windows, and comprehensive home automation systems. Energy Efficiency: Benefit from spray foam insulation, three tankless water heaters, whole house filtration, soft water system, hot water recirculation, and three HVAC units with air scrubbers and humidifiers. Safety and Security: Peace of mind is ensured with surveillance cameras, an alarm system, fire sprinklers, and a 500-gallon LP tank. Garage and Storage: The oversized three-car garage includes an electric vehicle charger and a storage room, providing ample space for all your needs. This magnificent property offers breathtaking sunset views from almost every room, mature date palm trees, a large artificial grass area, a stereo system, and a misting system for year-round outdoor enjoyment. This spectacular estate embodies the essence of luxury living and is a must-see for those seeking the finest in desert living. Experience the epitome of luxury in Cave Creek.
2122 E Palo Verde Drive
Phoenix, AZ 85016
$2,990,000
6
Beds
6
Baths
5,016
SqFt
Status
Active
MLS #
6763357
Property Type
Single Family Residence
Price Type
--
Ultra contemporary multi-leveled masterpiece of concrete, glass, and steel. This Meteor mansion with a double lot, is perched high on the hill with ample parking. Pull up your sleek driveway, and into the all new privacy glass garage. Ride the cylindrical stainless steel elevator in style or wind your way through all 5 levels of curved deco walls and staircases which soften the rectilinear modern lines that frame walls of glass and views in every direction. You feel as if you are on top of the world! Dramatic concrete coffered ceilings and large format tile throughout in soft gray tones. 6 total bedrooms, three of which are master suites! Capture beautiful sunrises, sunsets and celestial events from the top level deck with built-in BBQ, Jacuzzi, two fire pits, dining area and domed observatory positioned for a 360-degree view of the night sky. Make entertaining a breeze, with the convenience of a dumbwaiter to deliver your outdoor meals from the kitchen up to the top deck. This exceptional architectural masterpiece seamlessly combines modern industrial design elements with stunning panoramic views, delivering a truly unparalleled living experience in perfect harmony with its natural surroundings. Nestled in the prestigious heart of Arizona's Biltmore and Camelback Corridor, this expansive 32,000 sq. ft. mountain lot offers a prime location near 20th St & Missouri without the restrictions of an HOA! You MUST see this one to believe it!
5440 N Calico Drive
Camp Verde, AZ 86322
$2,990,000
4
Beds
4
Baths
4,059
SqFt
Status
Active
MLS #
6671977
Property Type
Single Family Residence
Price Type
--
MODERN CUSTOM FARMHOUSE with WRAP AROUND PORCH. Meticulously remodeled 2023-2024 is situated on 16 acres, 2 Well 300 GPM, 4 Stall Barn, Oil Pipe Fence, No HOA, luxurious 4 bedrooms-two being Masters w/ ensuite, conveniently located on main level, 2 oversize bedrooms upper level with dormers, 4 Custom Bathrooms with Granite wainscoting on walls, Granite Showers full walls to ceiling, Custom Vanities, Wainscoting on walls in all bathrooms & laundry room, Gourmet Kitchen, Grand Wood Beams in the Great room, Custom Glass throughout the Farm House & wood beam on stairs, custom glass window to allows visual going to upper level keeping that grand open feel to the space, Wrap around porch with 20 ft glass sliders & 8 ft glass sliders on the back of the house to allow beautiful views Coconino National Forest. Dog friendly Screens on Sliders on back of home, Outside patio has fire pit fully enclosed yard for your furry friends. 2 New AC/heat units w/warranty, New roof w/warranty, 3 Car Garage, Water Treatment for entire house w/warranty, New lighting, New fixtures throughout, Fire & Smoke Alarms throughout the home. Main level has formal living w/wood burning fireplace & Antique Mantel, Office/Library. Primary Master offers Gas fireplace with Full Feature Wall of Granite with 80 Flat Screen TV, Elegant chandelier lighting, Sitting area, Custom Master Bathroom floor to ceiling marble & marble Wainscoting on walls throughout the master bathroom, Master Closets HERS & HIS in primary master. Makeup Vanity with Elegant chandelier lighting, Double Sink Antique Vanity with Huge Custom Mirror. Grand living space provides ample seating with a great room, dining room, Gourmet Kitchen with Wolf Induction 5 burner cooktop, Commercial size refrigerator/ freezer, farmhouse copper sink, double ovens, hightop bar and breakfast bar, granite counters and abundant storage. Custom Knotty Alder doors throughout Kitchen & House, Laundry/mud room equipped with a front-load washer and dryer, living/dining area has 20 ft. slider & 8 ft slider glass doors creating a seamless Indoor-Outdoor Living Space. Upper level, TV Theater Room, with Walkout DECK provides you with Direct access to the balcony to watch breathtaking sunsets with panoramic mountain views & STARS Wet Bar for snacks with your movies in addition you'll find two additional bedrooms, one with dazzling chandelier lighting, additional bath w/ walk-in shower, loft/media room complete with 2 built-in desk spaces inside the dormers plus a refreshment bar w/wine drink fridge, microwave and cozy WOOD Burning fireplace. New OIL PIPE FENCE $100,000 in fencing - Acres of leveled and planted with wheat to fertilize soil for growing pastures, crops 4 Horse Barn Oil Pipe construction 4 Turnouts for your horses Property - (1) registered well domestic (1) registered irrigation well approx -300GPM 6 Miles from I-17 on paved roads until you get to the Private Entrance to the Equestrian Estate Close to I -17 for easy access for shopping, dining, casino, concerts, fairs, in old town Camp Verde & old town Cottonwood. Close to SEDONA approximately 30 minutes for hiking, dining, entertainment and trail riding AMAZING Access to breathtaking panoramic mountain views of the majestic Red Rocks of Sedona, adjacent Coconino National Forest, views of the Prescott National Forest,Flagstaff's Snow Bowl San Francisco Peaks and Lights of Historical Jerome. Unobstructed Views you are surrounded by National Forest one will ever build in your view. Private & Direct access to the Verde River that stretches 18 miles meandering through town limits, the winding waterway creates a habitat for bald eagles, hawks, blue heron, beavers, and otters... Located in the Napa Valley of Arizona, surrounded by wineries, this property presents the possibility for your own vineyard, become connected with a thriving wine community. Some area attractions include Montezuma Castle is the third National Monument dedicated to preserving Native American culture, Out of Africa WildLife Park, Inflatable Kayak Adventure down the Verde River, Cliff Castle Casino. Western Horseback adventures & Horse Boarding at the Nashwa Farms Equestrian & Event Center Horse boarding stable only minutes from your Custom Equestrian Estate.
10648 E Greythorn Drive
Scottsdale, AZ 85262
$2,980,000
4
Beds
6.5
Baths
7,000
SqFt
Status
Active
MLS #
6759774
Property Type
Single Family Residence
Price Type
--
Extraordinary desert estate w/ home theatre situated along the 14th fairway of Troon's prestigious championship golf course in gated Pinnacle Canyon. With dramatic drive-up appeal set against a picturesque Sonoran boulder backdrop, this home boasts breathtaking panoramic mountain & golf course views. Gourmet kitchen equipped w/ premium Viking appliances, granite counters, large center island, custom cabinetry, & walk-in pantry.Occupying the entire top floor, the primary suite offers a luxurious escape w/stunning views from the wrap around balcony, separate His and Her walk-in closets & spa-like bathrooms, a private office & elevator. Impressive family room features a custom gas fireplace, fridge, entertainment center & retractable slider wall that opens to the exterior. Step outside to your private paradise, complete w/heated pool, spa, BBQ & captivating boulder formations. This serene space is perfect for relaxation or hosting gatherings against the backdrop of the desert landscape. 3 additional well appointed en-suite bedrooms provide comfort & space for family or guests. The lower level features a dedicated home theater,exercise area, & steam shower w/convenient half bath. This extraordinary estate is not just a home; it's a lifestyle defined by elegance, comfort, and breathtaking natural beauty. Nestled in one of Arizona's most coveted communities, you'll enjoy unparalleled access to world-class golfing, fine dining, and outdoor adventures.
2677 E Queen Creek Road
Gilbert, AZ 85297
$2,977,500
5
Beds
5.5
Baths
6,343
SqFt
Status
Active Under Contract
MLS #
6761403
Property Type
Single Family Residence
Price Type
--
Beautiful Ranch Estate in a one of a kind neighborhood is coming available. This Home is generously priced below Current Market Appraisal. The property delivers total privacy in a small 6 home Gated 1 acre minimum Community. Horse property with NO HOA. Unique opportunity to own an original owner/builder estate. Property has been totally remodeled top to bottom while being meticulously maintained. The estate sits on1 acre with an additional ⅓ acre that is ready to be whatever the next owner needs. Barn, Stables, RV Garage, Sports Court, there is plenty of room to comfortably fit everything. Both convenience and exclusivity are in this thoughtfully designed home built for large families or multi-generational families. Main Floor includes 3Bedrooms 2 1/2 Baths. See ''More'' Basement includes an additional theater room/family room, 2 baths, 2 bedrooms, and its own laundry room and storage. The attached Casita offers its own entrance, Full kitchen, Bathroom, laundry facilities, family room/Studio and even a small private yard. In the detached garage you'll again find endless possibilities with an air-conditioned storage room and additional room for private gym, office, whatever your needs are. Plenty of mature landscaping throughout the property with freshly remodeled amenities also make this home unique. This Estate offers mature Citrus orchard of fresh oranges, grapefruit, and tangelos that bring the quaint smell of spring to your backyard. A Large outdoor covered patio with Gas BBQ, beautiful seating area, and Gas Firepit. Entertain to your hearts desire with free-standing gazebo and 30,000-gallon heated pool and spa make it ideal for all your entertaining dreams. Bring your horses, boats, Rv's etc. as there is room enough for everything. Detached garage offers tall Boat garage. This Ranch Estate embodies the best of both worlds offering NO HOA while also nestled in a gated enclave. Top-of-the-line Gilbert Regional Park just a walk down the street. Shopping and Freeway Access 5 Minutes away. What a Great Property with location, location, location!
24038 N 84th Street
Scottsdale, AZ 85255
$2,975,000
7
Beds
5
Baths
4,406
SqFt
Status
Active
MLS #
6767273
Property Type
Single Family Residence
Price Type
--
Don't miss the chance to make this spacious, North Scottsdale estate yours. The owners of this ranch-style residence spared nothing when transforming the property into a welcoming, tranquil home. The fully renovated main house offers 3000 SF, 4 bedrooms and 3 baths, while the private casitas afford buyers an additional 3 bedrooms, 2 baths, kitchen and living space. There's plenty of space for indoor relaxing, outdoor fun, fitness, guests and more. The 2.2 acre lot includes, detached 4 car garage, two casitas, a pool, an organic garden and basketball court, still with room for more. Privacy gates provide peace of mind for residents, while still enabling the retreat feel. This property offers so much and has an incredibly special feel you won't want to pass up.
10638 E Yearling Drive
Scottsdale, AZ 85255
$2,973,000
5
Beds
4.5
Baths
4,379
SqFt
Status
Active
MLS #
6714988
Property Type
Single Family Residence
Price Type
--
Welcome to your dream retreat in guard-gated Windy Walk Estates at Troon Village, where luxury meets panoramic beauty. This custom home offers an unparalleled backyard sanctuary with breathtaking up-close views of Pinnacle Peak, ensuring every moment spent outdoors is a masterpiece. The expansive private yard features a majestic Ironwood tree as its centerpiece, surrounded by artificial turf and mature vegetation, providing the perfect backdrop for relaxation and entertainment alike. Step into serenity as you lounge under the covered patio adorned with stacked stone accents, a cozy fireplace, and a built-in barbecue. Descend into tranquility as the tiered yard leads you to a sparkling pool and spa, complete with a mesmerizing rock waterfall and travertine hardscape surround, offering a blissful oasis against the backdrop of the desert landscape. Inside, you will find a remodeled interior completed in 2017 boasting on-trend finishes including high-end quality stonework throughout from a Chicago-based Eastern European craftsman. The French country-inspired kitchen exudes charm with custom white cabinetry, delicate mosaic backsplash, stone counters, Subzero refrigerators, complemented by stainless steel appliances including a Wolf gas cooktop and two wall ovens. Enjoy intimate meals in the attached breakfast nook with corner view windows, or entertain guests in the formal dining room with up-close views of Troon Mountain. Experience seamless living with accordion-style doors in the great room, opening up the space to the outdoors and flooding the home with natural light. A dramatic staircase, stone-clad centerpiece fireplace, and adjacent den create a welcoming ambiance, while clerestory windows and a private alcove offer versatility for office space or additional storage. Retreat to the upstairs primary suite, boasting a private balcony deck with city, golf (8th tee box of Troon Country Clubs private course), and mountain views, along with dual vanities, walk-in closets, and a spacious walk-in shower in the ensuite bathroom. With four additional bedrooms, including two ensuites, a third bedroom adjacent to a bath, and the fourth with a private den/living space and adjacent bath, perfect for in-law quarters. The laundry room has beautifully stained cabinetry, two washers, two dryers, and a prep sink. The owners entry off the two-car garage (with storage closet) has a touchdown station with cabinets and countertop, refrigerator, trash drawers, and an ice maker. Complete with all-new exterior paint and all-new windows throughout, custom window treatments on electric openers, an elegant entry courtyard, and a paver drive for visiting guests, this residence sets a new standard for refined living in the heart of Troon Village. Most furnishings and accessories are available for purchase via a separate bill of sale, allowing you to effortlessly transition into your desert paradise.
28101 N 109th Way
Scottsdale, AZ 85262
$2,950,000
4
Beds
4.5
Baths
3,730
SqFt
Status
Active
MLS #
6655267
Property Type
Single Family Residence
Price Type
--
Serene is brand new gated enclave of 21 cutting edge single level contemporary homes designed by Swayback Architects & Planners and built by Sonora West Development. Each Serene home brings a new definition to the ''Lock and Leave'' lifestyle with open Great Room floor plans perfect for both entertaining and everyday living. There are four different models to choose from with lavish interior finishes created by renown interior designers Est Est. This Model A has a 2 car garage and available only on lots, 2, 4, 6 & 16. (3 car garage only on lots 7, 11, & 18 at additional cost). Base price shown does not include lot premiums but does include 25K pool and a 25k landscape allowance, Subzero & Wolf Appliances & BBQ. Backing to the North side of Pinnacle Peak Mountain in N Scottsdale Serene... is close to shopping, restaurants and over two dozen private and public golf courses. Don't miss your opportunity to take part in the Serene lifestyle.
7486 E Sonoran Trail
Scottsdale, AZ 85266
$2,950,000
4
Beds
4.5
Baths
4,740
SqFt
Status
Active
MLS #
6714935
Property Type
Single Family Residence
Price Type
--
Welcome to your dream home in the exclusive, guard-gated community of Whisper Rock in North Scottsdale. This stunning Spanish-style residence offers 4,740 square feet of luxurious living space, featuring four spacious bedrooms, four and a half baths, and a dedicated office. Enjoy the elegance of arched doorways, multiple fireplaces, including a magnificent canterra stone fireplace in the great room, and a 720-bottle wine cellar for the connoisseur. The separate guest house off the front courtyard provides additional privacy and convenience. Outdoors, entertain with ease around your private pool & spa with a water feature, outdoor BBQ, firepit, and a covered dining area. The property, situated on a desirable corner lot, also boasts a meditation courtyard, an inground trampoline, and a lush grassy area surrounded by mature vegetation. As part of the Whisper Rock community, you'll have access to a community pool, tennis courts, pickleball courts, and a state-of-the-art workout facility. This is not just a home; it's a lifestyle.
9501 N 52nd Street
Paradise Valley, AZ 85253
$2,950,000
6
Beds
5
Baths
4,389
SqFt
Status
Active
MLS #
6766514
Property Type
Single Family Residence
Price Type
--
Welcome to ''Elegant Oasis in Paradise Valley''—a stunning blend of luxury, comfort, and sophisticated design. This exquisite 6-bedroom, 5-bathroom estate is situated on a highly sought-after corner lot in the heart of Paradise Valley, offering over 4,300 square feet of meticulously designed living space on just over an acre of land. As you step through the grand entrance, you'll be captivated by the home's impressive architecture and the perfect blend of modern elegance and timeless style. The gourmet kitchen serves as the centerpiece of the home, a striking granite waterfall island, sleek cabinetry, high-end stainless steel appliances, and a wet bar—ideal for hosting and entertaining guests. The open-concept layout flows seamlessly into the living room, where a cozy fireplace and beautiful wood-beamed ceilings create a warm, inviting atmosphere. For those who love movie nights, the custom theatre room provides a perfect retreat for family and friends. The spacious primary suite is a true sanctuary, featuring dual walk-in closets, a spa-like bathroom with a luxurious soaking tub, and an oversized walk-in shower. The secondary primary suite is equally impressive, offering its own en suite bathroom and direct access to the backyard. Shutters are featured throughout the entire home, adding privacy and style to every room. Step outside and discover your own private resort. The backyard is an entertainer's dream, complete with a heated pool featuring a waterfall, a relaxing spa, and plenty of patio space for outdoor dining and lounging. The sport court offers endless opportunities for recreation, while the meticulously landscaped grounds provide a serene and tranquil setting for relaxation. The property also features an RV gate for easy storage of recreational vehicles. Recent upgrades make this home truly turnkey. The flooring was completed in 2022, and the ceilings were raised the same year, enhancing the home's open, airy feel. The two AC units and pool pump were replaced in 2024 to ensure ultimate comfort and efficiency. A new tankless hot water heater and a water softener ensure convenience and energy savings. The three-car garage features epoxy flooring and a 220-volt outlet, perfect for charging electric vehicles. This property has been meticulously maintained and thoughtfully designed to maximize comfort and flow, blending indoor and outdoor living seamlessly. Whether you're hosting a large gathering or enjoying a quiet evening at home, this estate offers the ultimate in luxury and style. Located in one of Paradise Valley's most prestigious areas, this home is close to top-rated schools, world-class dining, and upscale shopping. Experience unparalleled luxury in Arizona.
7161 E Rancho Vista Drive Unit 6001
Scottsdale, AZ 85251
$2,950,000
4
Beds
2
Baths
2,590
SqFt
Status
Active
MLS #
6760219
Property Type
Apartment
Price Type
--
This is it. Welcome to the most incredible Optima Camelview condominium to ever be offered on the re-sale market. Designed & originally owned by the developer of this state of the art award winning community. Out of 688 units, this exquisite residence was their choice. Boasting 4 Bedrooms, 2 Baths, 2,590 sqft, ~1000 sqft of both covered and uncovered terrace space & the most breathtaking Camelback Mountain & McDowell Mountain Views. This unit features a fantastic open floor plan, endless floor-to-ceiling glass, 3 Patio/Terraces (perfect for relaxing & entertaining), a natural gas piped in bbq, fire pit and fire place, designer finishes through-out, automated blinds & so much more. The master suite is extremely spacious w/ a huge walk in closet (w/ it's own window!) & a very large bath.