NAHB: Builder Sentiment Improves in August

Buyer Beware: 4 Common Problems Home Sellers Try to HideAccording 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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180 Chapel Road Sedona, AZ 86336

$2,950,000
3 Beds
3 Baths
2,656 SqFt
Status Active
MLS # 6721255
Property Type Single Family Residence
Price Type --
Welcome to your Sedona sanctuary—a beautifully renovated home offering a spa-inspired retreat with unparalleled attention to detail. Priced to impress, this residence comes fully furnished with high-end pieces, with artwork available separately through a separate bill of sale. Located in the prestigious Mystic Hills community, this Eric Brandt masterpiece boasts breathtaking, unobstructed views of Red Rock formations, including Elephant Rock, Mother & Child, The Nuns, Mount Wilson, and Steamboat Rock. The iconic Chapel of the Holy Cross is just moments away. Set on a generous 0.6-acre lot, this retreat features three luxurious suites and a versatile den, blending practicality with opulence. Enjoy timeless, high-quality finishes and meticulous craftsmanship designed to create a serene and inviting haven. The renovation has introduced a modern aesthetic that captures the golden hour, when Sedona's red rocks glow with stunning hues. Explore walking paths, endless hiking trails, and Sedona's most coveted natural beauty right from your doorstep. Residents benefit from access to the newly renovated clubhouse, which includes tennis and pickleball courts, a pool, a jacuzzi, a fitness center, and a dynamic social calendar designed to build community and foster new friendships. For a detailed renovation list and to view our home/location video, please reach out.

6936 E 1st Street Scottsdale, AZ 85251

$2,950,000
2 Beds
2.5 Baths
3,000 SqFt
Status Active
MLS # 6692878
Property Type Townhouse
Price Type --
Nestled in Arizona's most sought-after city, The NINES are a new collection of residences in Old Town Scottsdale brought to you by Two Hawks Design and Development. This custom home offers 3,000 SF of living space, 2 bed, 2.5 bath, 1 bonus room, a 2-car garage, and NO HOA FEES!!! Sleek modern architecture opens to three light-filled levels of refined interior luxury. This home offers expansive windows, a private backyard, a rooftop terrace, 2 additional outdoor patios, and bespoke details and finishes. This custom contemporary home invokes a simple refined style of living with unbeatable proximity to Scottsdale's premier lifestyle amenities. Discover fine dining, high end retail, and the Scottsdale Arts District just steps from your door.

9290 E Thompson Peak Parkway Unit 113 Scottsdale, AZ 85255

$2,950,000
5 Beds
4.5 Baths
4,917 SqFt
Status Active
MLS # 6743770
Property Type Single Family Residence
Price Type --
Located within the premier guard-gated community of The Country Club at DC Ranch, this custom-built estate spans over 4,900 sqft of elegant, thoughtfully designed living space, offering a harmonious blend of modern sophistication and timeless charm. Upon entry, you are greeted by meticulously manicured landscaping and a grand entrance through custom iron double doors. This highly desirable, single level split floorplan seamlessly connects the expansive great room, adorned with soaring ceilings, a cozy fireplace, and views into the backyard. The chef's kitchen is equipped with stainless steel Thermador appliances including dual ovens and a 5-burner induction cooktop, a butcher block island, granite countertops, and large walk-in pantry. The luxurious primary suite features a spa-like bathroom with a soaking tub, dual vanities, a large tiled walk-in shower, and private access to the backyard. Additional amenities include pre-wired surround sound throughout the home, a den which could serve as a home theater, 3 bedrooms and 2 full bathrooms on the East side of the home, as well as a detached casita. The south facing backyard serves as your own private oasis, where a resort-style pool and spa are surrounded by lush landscaping and serene mountain and golf course views. The outdoor kitchen, fire pit, and expansive covered patio create an ideal setting for alfresco dining and entertaining year-round. With its prime location within the DC Ranch neighborhood, this residence offers a lifestyle of upscale amenities and convenience. The community offers 33 miles of manicured paths and trails, 47 community pocket parks, 2 community centers, and is located adjacent to the McDowell Sonoran Preserve and just 5 minutes north of the 101 Freeway in North Scottsdale. The property is also conveniently located within walking distance of Market Street's retail shops and restaurants. Membership to the Country Club at DC Ranch is available by separate application, approval, and membership fee.

3562 E Presidio Circle Mesa, AZ 85213

$2,950,000
8 Beds
7 Baths
9,419 SqFt
Status Active
MLS # 6772866
Property Type Single Family Residence
Price Type --
Welcome to this breathtaking 8 bedroom, 7 bathroom estate in the prestigious Montana Dorado neighborhood, spanning an impressive 9815 square feet. A dramatic double staircase and designer lighting greet you upon entry, setting the stage for the luxury that unfolds. To the left, a formal living room, and to the right, a dining room capable of hosting a 16-person table, showcase the home's grandeur. High-end tile guides you to an expansive family room with 22' ceilings and a striking floor-to-ceiling brick fireplace. The chef's dream kitchen features a large granite-topped center island, breakfast nook, and premium appliances including Sub-Zero and Wolf, complemented by a large butler's pantry and wine cooler. Pocket sliding glass doors open to a covered patio and a backyard oasis with a lengthy pool, slide, waterfall, swim-up bar, jacuzzi, and a step-down BBQ area, perfect for entertaining. Enjoy two glass fire pits, an in-ground trampoline, and a putting green, all with the privacy of no backyard neighbors. The home also boasts an office, workout studio with a dual head steam shower, game room with kitchenette, and two generous laundry rooms. Security is paramount with commercial steel exterior doors, hardwood 8' interior doors, and a home security system with cameras. The 4-6 car garage features EV Charging, built-in cabinets, epoxy floors, and a mini split room. An RV gate adds to the convenience. This home is a masterpiece of design and functionality, offering unparalleled luxury and comfort.

6501 E Willow Springs Lane Cave Creek, AZ 85331

$2,950,000
4 Beds
3 Baths
3,400 SqFt
Status Active
MLS # 6703214
Property Type Single Family Residence
Price Type --
Welcome to this stunning contemporary Home on 4+ acres nestled amidst picturesque mountain ranges! A nearly new Home, this property offers both luxury and serenity in an Estate Homes area with no HOA restrictions. Collectors and hobbyists will love the 56' pull-through RV GARAGE and 4 large car bays. Modern finishes, abundant natural light, and thoughtful design elements extend throughout. FURNISHINGS are available separately. Enjoy indoor-outdoor living with a telescoping wall of glass in the Great room and a well-appointed kitchen with a waterfall quartz island. The Owner's suite is a luxurious retreat, featuring a spa-like bathroom and private patio. Outside, a large covered patio provides shade for entertaining, while the expansive land offers endless possibilities for customization. Would you add a guest casita, pool, spa, pickleball, an arena, or a barn? Relish the peaceful small-town lifestyle while still enjoying city water and paved roads. Nearby Cave Creek offers shopping, dining, and entertainment. Don't miss this extraordinary opportunity to make this property your own and start living the life you've always dreamed of.

10471 E White Feather Lane Scottsdale, AZ 85262

$2,950,000 - 3Br/4Ba -  for Sale in Pinnacle Canyon At Troon North Unit 1, Scottsdale
Open House
$2,950,000
3 Beds
3.5 Baths
4,562 SqFt
Status Active
MLS # 6772437
Property Type Single Family Residence
Price Type --
Discover this awe-inspiring, custom Pinnacle Canyon home sitting on over 2.6 acres. This residence showcases truly stunning panoramic views. Surrounded by striking boulders, the home offers ultimate privacy. With beautiful stone floors, elegant fireplaces & a serene backyard oasis, complete w heated pool, this home exudes charm and tranquility. Enjoy your morning coffee or evening wine in the cozy hearth room/breakfast nook or on the inviting patio, surrounded by the gorgeous Phoenix desert landscape. The chef's kitchen is equipped with gas range, a spacious island, granite counter tops and a large walk in pantry. Primary bath features a wet room, including a massive 40'' rain shower head. This unique property also features a state-of-the-art car lift, perfect for showcasing your prized collection or tackling those weekend projects with ease. This one of a kind home is perfectly situated in a gated golf community near Kierland and Scottsdale shopping.

6420 E Cholla Street Scottsdale, AZ 85254

$2,950,000 - 4Br/3Ba -  for Sale in Desert Estates 11, Scottsdale
Open House
$2,950,000
4 Beds
2.5 Baths
2,514 SqFt
Status Active
MLS # 6770117
Property Type Single Family Residence
Price Type --
Welcome to Cholla compound with a modern home that seamlessly blends luxury and leisure, featuring an open-concept design with large windows that flood the interior with natural light. The centerpiece is a sleek living area with vaulted ceilings that flows into a gourmet kitchen, equipped with high-end appliances and stylish finishes. Natural wide plank flooring throughout. Step outside to discover an expansive outdoor space, complete with a shimmering swimming pool and a relaxing spa, perfect for unwinding. Adjacent to the pool, a private pickleball court offers a fun way to stay active. Natural grass, turf combined with pavers make for a finished look. Multiple gates provide access for rv and other toy storage. The property also includes a separate garage equipped with HVAC, ensuring comfort year-round and ample storage for vehicles and recreational gear. This home truly embodies the ideal blend of contemporary living and recreational amenities. Could be converted to a guest casita. This modern home boasts an inviting outdoor space enhanced by a stylish pergola, perfect for outdoor dining and relaxation. The expansive area is designed for both leisure and entertainment, complementing the swimming pool spa and outside shower beautifully. Inside, a spacious laundry and mudroom adds convenience, featuring ample storage and functional design to keep the home organized. This seamless blend of indoor and outdoor living, combined with thoughtful amenities, creates an ideal environment for modern lifestyle. Please see attached documents with added amenity details.

6332 E Calle Del Paisano -- Scottsdale, AZ 85251

$2,950,000 - 4Br/4Ba -  for Sale in Hidden Village 9, Scottsdale
Open House
New
$2,950,000
4 Beds
3.5 Baths
3,565 SqFt
Status Active
MLS # 6774778
Property Type Single Family Residence
Price Type --
This Tranquil home in the heart of Arcadia is the epitome of comfort & style with polished finishes. Meticulously maintained, this move-in-ready estate has a chef's kitchen, a culinary dream, features a subzero fridge/freezer, a Wolfe 8-burner gas cooktop, a double oven, and a Large exquisite marble island with ample storage. The open, spacious floor plan, bathed in natural light, is accentuated by high ceilings, offering an inviting atmosphere for seamless living. This home has four large bedrooms and three ensuites, which ensures ultimate privacy and relaxation. The backyard oasis is an entertainer's paradise, with a heated pool, outdoor fireplace, Built-in BBQ, and a cozy pergola TV area on the elegant brick patio. Must See..Will Not Last Long! Set on a large, private lot with a 3-car garage, this luxurious haven is perfectly located moments from Arizona's finest shopping, dining, and entertainment. Don't miss your chance to experience Arcadia's premier lifestyle!

10040 E Happy Valley Road Unit 301 Scottsdale, AZ 85255

$2,950,000 - 4Br/4Ba -  for Sale in Desert Highlands Phase 1, Scottsdale
Open House
$2,950,000
4 Beds
4 Baths
4,632 SqFt
Status Active
MLS # 6764421
Property Type Single Family Residence
Price Type --
A rare opportunity awaits with IMMEDIATE GOLF MEMBERSHIP AT CLOSE OF ESCROW in the prestigious guard-gated community of Desert Highlands. The monthly HOA dues conveniently include member golf fees. This 4-bedroom home, including a detached casita, is perfectly nestled along the 4th fairway of the world-renowned Jack Nicklaus Signature Golf Course, offering breathtaking views of both the course and surrounding mountains. From the moment you arrive, the captivating curb appeal draws you in, and as you step through the door, you're welcomed by an atmosphere of elegance, tranquility, and seamless functionality. Private backyard retreat with pool/ spa, large covered patio, fire pit with seating is a perfect sanctuary for entertaining year round, providing the ultimate living experience.

12037 E Yucca Street Scottsdale, AZ 85259

$2,950,000 - 5Br/4Ba -  for Sale in Sendero Highlands Replat, Scottsdale
Open House
$2,950,000
5 Beds
3.5 Baths
4,615 SqFt
Status Active
MLS # 6715754
Property Type Single Family Residence
Price Type --
Welcome to this beautifully updated 5-bedroom,3.5 bathroom home with high ceilings and wide hallways .From the curb to the back wall, nothing was missed - including turf in the front yard, along with new hardscaping, stucco, new roof, new exterior lights and exterior paint.The gorgeous iron and glass front door brings you into the foyer, where you'll see a soaring ceiling with a stunning chandelier. New wood floors seamlessly bring the rooms together, the color being the perfect backdrop to all the amenities and the style of this beautiful home. The formal dining room is highlighted with an amazing artistic piece of backlit onyx displayed on the back wall of the chilled wine closet. The translucent quartz has been backlit with LED lights for the perfect ambience as you entertain your gue and family and will be a showstopper every time you flip the switch! The kitchen is the perfect blend of functionality and beauty, featuring all new GE appliances, a Miele coffee center and buffet in the eat-in area and a 46 gas cooktop. Both islands feature tons of storage, full-sized sinks, lots of counter seating and trash bins for optimal hosting when you have those big get-togethers. The large family room pocket sliders open to the kitchen and the living room where you will see a gas fireplace with a charming brick finish. Need more storage? There is a built-in credenza that accents a large wall where you could hang a massive 80 TV, with room to spare. Walking into the Primary bedroom, you'll notice solid core doors on all the interior doors, and another beautiful gas fireplace with matching brick finishes as the family room. Opening the custom barn door, you will access the massive primary bathroom. This bathroom is what you would find in the most luxurious homes, complete with 2 seperate showers with a soaking tub in between. Getting ready for the day will be a breeze with the oversized walk-in closet, complete with a dresser island finished with a gorgeous quartz countertop. The rear living area will be a favorite family hangout spot with a sparkling pool complete with LED mood lighting, landscaping (including privacy hedges) and new BBQ. New HVAC units will keep you and your family comfortable year round as you all enjoy the amenities and finishes of this home. You will find beautifully finished garages with new epoxy floors, electric openers, and insulated doors to help keep the heat out. In the laundry room, the washer and dryer are included and are ideally located next to the new utility sink for those messes that need to be cleaned out right away. This one of a kind home is close to shopping, dining, golf, hiking, schools, parks and so much more we can't list it here! The unique finishes, quality workmanship and luxury amenities are the best you will find at this price, so don't wait to see this amazing home before it's gone!

30 Navajo Trail Sedona, AZ 86351

$2,949,900
5 Beds
4 Baths
4,760 SqFt
Status Active
MLS # 6753405
Property Type Single Family Residence
Price Type --
RED ROCK VIEWS!!! This 5 bedroom, 4 bathroom, plus Arizona Room, 1.3 acre property is located in a gated community and has been remodeled with all details in mind. Easy to navigate floor plan, vaulted ceilings with wood ceilings/beams, copper accents throughout (including sinks and tubs) and all on one level. HEATED 5 CAR GARAGE. Main house offers 4,295 sqft, Pecan Double Front Door with copper inserts, Living & Family Room each with gas hand cut stone Fireplaces, Formal & Informal Dining Room, Laundry Room in both Guest Suite and Primary Bedroom, 4 additional Bedrooms are split from Primary Bedroom, Bar with 2 Fridges & Wine Chiller and Gourmet Kitchen includes Subzero Refrigerator, Wolf Stove, Dishwasher, Island & Breakfast Bar. Garage features parking. for 4 Cars (heated) and Copper Garage Doors. Casita offers 457 sqft, Rooftop Deck with BREATHTAKING PANORAMIC VIEWS,Kitchen includes Subzero Refrigerator, Wolf Stove, Dishwasher, Island & Breakfast Bar. Garage features parking for 4 Cars and Copper Garage Doors. Casita offers 457 sqft, Rooftop Deck with BREATHTAKING PANORAMIC VIEWS, Kitchenette. Circular Driveway can take you secondary driveway to the back yard and Casita or to the Courtyard, both with Copper Gates. Driveway provides lots of parking options or hosting or family gatherings.

5302 E Mercer Lane Scottsdale, AZ 85254

$2,945,000
5 Beds
5 Baths
5,295 SqFt
Status Active
MLS # 6746339
Property Type Single Family Residence
Price Type --
Welcome to the Magic Zip code of 85254! Perfect family home in esteemed GATED community of La Camarilla Estates. This exceptional home offers 5 spacious bedrooms, 5 baths, and 8 versatile flex spaces perfect for a home office, playroom, or personal gym. Great room with large windows/sliding doors to backyard. Split master includes a newly renovated closet and a workout room/office in addition to an oversized bed and bath with his and hers sink and bath. Memorable kitchen with features such as double dishwasher, Woodmode kitchen cabinets, extra deep drawers, granite, huge island with second sink. New paint, vaulted ceilings, and floor is lovely all the way through! Oversized corner lot with huge wrap-around patio, grassy area, pool and spa for elegant outdoor living. Double washer and dryer. Reversed osmosis water filter, butler's pantry, double oven, Cantera Iron front door, Knotty Alder custom 8 ft interior doors, Pella windows, hardwood floors, hybrid floors, granite galore, storage throughout, covered paver porch, attached guest suite, surround sound audio system, central vacuum system, water softener.