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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23038 E Twilight Drive Queen Creek, AZ 85142

$550,000

3 Beds

2 Baths

2,243 SqFt

Status Active

MLS # 6763396

Property Type Single Family Residence

Price Type --

BLACK FRIDAY SALE! REDUCED $25K UNTIL SUNDAY! Welcome to your New Home in the prestigious master-planned lake community of Harvest Queen Creek! This property has over $40k in builder & seller upgrades! It features an open floor plan with 3 bedrooms, 2 bathrooms, and a versatile flex space perfect for a playroom, office, or teen retreat. The Great Room is highlighted by a builder-upgraded kitchen, complete with a gas range, an oversized island, and tasteful Roman shade window coverings. Modern light fixtures and ceiling fans add elegance and comfort throughout the space. Expansive 12-foot sliding doors open to an extended covered patio, overlooking one of the largest lots in Hacienda at Harvest, spanning 8,281 square feet. The Primary Suite offers privacy with a split-floor layou featuring a spacious walk-in shower and a walk-in closet. Both secondary bedroom include walk-in closets and share a full bathroom. The home's exterior has an upgraded paver driveway, walkway, and entrance, leading to a 3-car tandem garage equipped with a commercial-grade, non-slip floor, backed by a lifetime warranty. As part of the Harvest community, you'll enjoy access to a variety of amenities, including a heated pool, children's playground, and scenic walking and biking paths around the catch & release lake. The home is within walking distance to Schnepf Elementary and is conveniently located near shopping, dining, and fun seasonal events. This property is a blank canvas, ready for you to transform into your dream indoor-outdoor oasis. Refrigerator, Washer, and Dryer are included! The Seller is willing to install rocks at backyard for the right Buyer.

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4323 W Villa Theresa Drive Glendale, AZ 85308

$550,000

3 Beds

2 Baths

2,098 SqFt

Status Active

MLS # 6763477

Property Type Single Family Residence

Price Type --

The search is finally over! This coveted corner lot property greets you with a 2-car garage, an RV gate, a tasteful brick facade, and a paver walkway. You'll find a living room with new paint, a charming bay window, and new wood-look flooring. The great room has an inviting fireplace for relaxing evenings. Cook delicious meals in the kitchen, equipped with granite counters, ample wood cabinetry, a tile backsplash, stainless steel appliances, and a handy pantry. You'll also find a versatile den ideal for an office. The main bedroom includes sliding door access to the backyard for seamless indoor-outdoor living, a wakj0ub closet, and an ensuite with dual sinks. The backyard boasts a covered patio, pristine natural turf, and a pool for endless summer fun. Make this yours!

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3920 E Tonto Street Phoenix, AZ 85044

$550,000

3 Beds

2 Baths

2,152 SqFt

Status Active

MLS # 6763663

Property Type Single Family Residence

Price Type --

**Your Dream Home Awaits in Ahwatukee!** Welcome to this charming 3-bedroom, 2-bathroom home in the heart of Ahwatukee. With an abundance of natural light, the spacious floor plan creates a warm and inviting atmosphere. The gourmet kitchen features stainless steel appliances, granite countertops, and plenty of space for culinary adventures. ALL new Andersen Windows. Step outside to a **spacious yard** complete with a **generous swimming pool**, perfect for entertaining or enjoying Arizona's beautiful weather. The yard offers plenty of space for relaxation and outdoor activities, making it an ideal retreat. Enjoy the perfect blend of style and comfort in every corner of this home. Spacious bedrooms and modern bathrooms complete the package. Don't hesitate, this one will go fas

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27280 S State Route 89 Highway Congress, AZ 85332

$550,000

2 Beds

2.5 Baths

2,735 SqFt

Status Active

MLS # 6763756

Property Type Single Family Residence

Price Type --

Don't miss this incredible opportunity to own a versatile property with two parcels, totaling 1.13 acres. This unique offering features a vintage 2,735 sq ft home, once a charming restaurant. Inside, you'll find new flooring, beautiful wood-beamed ceilings, vintage posts, corbels, and period-style light fixtures, adding character to every corner. The property boasts two separate living quarters, and a guest studio making it perfect for multi-family living or rental opportunities. In addition, there's a spacious 2,100 sq ft detached metal building, ideal for vehicles, equipment, or storage. With a 30x70 ft garage door for easy access, this building offers endless possibilities. The property benefits from prime frontage on Hwy 89 and offers ample parking, making it perfect for a business venture or investment. While the main building has vintage charm and may need some TLC, it's brimming with potential. Whether you're looking for a rental income opportunity or a unique home, this property is full of possibilities!

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2130 Remington Drive Sierra Vista, AZ 85635

$550,000

4 Beds

2 Baths

2,247 SqFt

Status Active

MLS # 6764103

Property Type Single Family Residence

Price Type --

Welcome to this stunning 4-bed, 2-bath home! This spacious home features a semi-open floor plan, perfect for entertaining. The home includes large energy efficient windows allowing plenty of natural light throughout. The kitchen is equipped with modern appliances and a center island, perfect for gatherings. The master suite offers a tranquil retreat including an en-suite bathroom featuring a soaking tub, dual vanities, and a walk-in closet. Step outside to your private oasis! Enjoy your own sparkling in-ground pool and spa, perfect for year-round fun. Relax under the covered patio which features two automated shades. The backyard includes low maintenance lush landscaping and lawn all completely irrigated.

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2362 N Kachina Lane Chino Valley, AZ 86323

$550,000

3 Beds

2 Baths

1,687 SqFt

Status Active

MLS # 6764850

Property Type Single Family Residence

Price Type --

Welcome to this charming 3-bedroom, 2-bath home situated on a spacious 1.5-acre lot in beautiful Chino Valley! Imagine unwinding on the large front porch, taking in breathtaking sunsets, or enjoying your morning coffee on the expansive back deck while watching the sunrise over stunning views that stretch as far as the eye can see. The home's prime location offers a scenic view of the Mignus Mountains & tree farm. Inside, you'll find a newly updated kitchen and bathrooms, adding modern comfort and style. The living room is bright and inviting with vaulted ceilings, a cozy fireplace, and abundant natural light. Two of the guest bedrooms feature unique storage lofts, perfect for added space and character. Brand new roof updated in 2023. Just 30 minutes from Prescott and close to Watson Lake, you can easily enjoy kayaking, fishing, and hiking the beautiful granite mountains. With ample room for animals, toys, or simply enjoying the mild four seasons, this property offers a blend of space, comfort, and rural charm. Don't miss out on this exceptional opportunity!

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22337 E Via Del Palo -- Queen Creek, AZ 85142

$550,000

4 Beds

3 Baths

2,162 SqFt

Status Active

MLS # 6765247

Property Type Single Family Residence

Price Type --

Discover a stunning two-story home nestled within the prestigious Villages at Queen Creek Golf Course community. This corner lot residence offers breathtaking mountain views, a refreshing community pool, and a spacious interior designed for comfortable living. Key features include:Prime Location, Enjoy easy access to the 60 and 202 freeways, as well as a variety of shopping, dining, and entertainment options. Enjoy the convenience of a full bedroom and bathroom on the ground floor. Modern Updates include new tile, and updated cabinets and granite countertops. The expansive open concept living space features vaulted ceilings, a large kitchen with an island, and a generous pantry. Don't Miss this opportunity to make this house yours!

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20034 N 273rd Lane Buckeye, AZ 85396

$550,000

3 Beds

2.5 Baths

2,478 SqFt

Status Active

MLS # 6765303

Property Type Single Family Residence

Price Type --

ENDEAVOR MODEL WITH A SPOOL ON A LARGE CORNER LOT! 2,478 sq. ft. of living space. 3 Bedroom, Flex Room, & 2.5 bath. Main living areas feature wood floors! Great Room fireplace, floor outlet, & SS speakers. Kitchen w\ Quartz counters, soft close drawers & cabinets, glide-out shelves, center island, large walk-in pantry, & R.O. system. Owners' Suite w\door to patio, power blinds, low threshold tiled shower w\glass door & seat, dual sinks, toilet room & large walk-in closet. 2 Guest bedrooms are adjoined by a Jack & Jill bathroom, w/a tiled shower & seat, perfect for guests! Hallway bath w/pedestal sink. Laundry room with sink. 4 ft Extended Garage with water softener & overhead storage. Private walled backyard w\ext Kool Deck & paver patio, spool w\water feature, roller shades & SS speaker

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6504 W Behrend Drive Glendale, AZ 85308

$550,000

4 Beds

2 Baths

2,313 SqFt

Status Active

MLS # 6765381

Property Type Single Family Residence

Price Type --

Move in Ready! Spacious 4-bedroom, 2-bath home in desirable Arrowhead Subdivision. Features an open concept kitchen to great room, fresh interior paint, and a prime location in Glendale with easy access to the Loop 101. Ideal for comfortable living!

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4245 S 247th Drive Buckeye, AZ 85326

$550,000

5 Beds

3 Baths

3,694 SqFt

Status Active

MLS # 6765716

Property Type Single Family Residence

Price Type --

This stunning former model home is move in ready with updated flooring and fresh paint throughout. Situated in the serene neighborhood of Rancho Vista. Offering 5 bedrooms, 3 full baths, a 3-car garage and backyard oasis perfect for Arizona outdoor living. Step inside and be greeted by the separate formal living and dining area. Continue into the heart of the home, the stunning gourmet kitchen with all new cabinets, boasting expansive granite countertops and backsplash. Enjoy the seamlessly connected kitchen, dining room and family room. Downstairs, you'll also find a large laundry room, a guest bedroom and fully remodeled bathroom. Venture outside through double doors and discover your own private oasis, where meticulously designed landscaping sets the stage for relaxation and entertainment. Enjoy the low-maintenance artificial turf, a 40ft covered patio with mist system, a soothing waterfall, built-in firepit with seating and a relaxing hot tub. Upstairs, a spacious loft with built- ins ads additional entertainment space. You'll also find three secondary bedrooms and remodeled full bath. Retreat to the expansive owner's suite through double doors, where a soaking tub, separate walk-in shower, double sinks, and a large custom walk-in closet await. Welcome Home!

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1100 W 9th Street Tempe, AZ 85281

$550,000

3 Beds

2 Baths

1,588 SqFt

Status Active

MLS # 6766519

Property Type Single Family Residence

Price Type --

You'll love this spacious 3-bedroom, 2-bath home with a rare two-car garage, located in the heart of Tempe! It features modern updates throughout, including a beautifully upgraded kitchen with ceiling-height cabinetry, Quartz countertops, and stainless steel appliances. The primary suite offers a bonus space perfect for a home office or an extra room, plus a large Arizona room ideal for a second living area or game room. The home boasts energy-efficient windows, a brand new 2024 HVAC system, and stylish tile flooring in the main living areas. The large backyard includes a covered patio with elegant tile, a ceiling fan, and a refreshing diving pool to cool off in the Arizona heat. Whether you're looking for a primary residence or an investment property, this home is truly move-in ready! Just minutes from ASU, Whole Foods, Trader Joe's, and downtown Tempe's many amenities. Don't miss out on this one!

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1171 E Crestridge Drive Casa Grande, AZ 85122

$550,000

7 Beds

4 Baths

3,443 SqFt

Status Active

MLS # 6766760

Property Type Single Family Residence

Price Type --

This impressive 7-bedroom, 4-bath, 2-story home boasts 3,443 sqft of elegant living space, offering both beauty and functionality. The exterior is aesthetically appealing, while the interior feels cozy and bright, with dark wood cabinets and lighter wood-look tile contrasting beautifully with the cream-colored walls. The spacious primary bedroom, located downstairs, features a split layout and a walk-in closet. Additional bedrooms have walk-in closets, providing ample storage. The great room is perfect for gatherings, and the kitchen features a pantry, granite countertops, a kitchen island, and a breakfast bar. Step outside to the covered back patio and envision creating your own oasis in the low-maintenance yard, currently awaiting your personal touch. A 3-car garage completes this home!

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