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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31995 N 124th Drive Peoria, AZ 85383

$549,900

4 Beds

2.5 Baths

1,761 SqFt

Status Active

MLS # 6777833

Property Type Single Family Residence

Price Type --

ALMOST NEW IN THE HIGHLY SOUGHT AFTER VISTANCIA/LAKE PLEASANT HEIGHTS NEIGHBORHOOD SUPER RARE 4 BED, 2.5 BATH + DEN AND TERRACE VIEW OF SONORAN DESERT 1761 SQ FT, WITH PRIVATE CLUBHOUSE POOL. 85K IN UPGRADES WITH LOT AND VIEW. GRANITE COUNTERTOPS, TOP OF THE LINE EVERYTHING THROUGHOUT, WATER SOFTENER SYSTEM, AND REVERSE OSMOSIS DRINKING SYSTEM INTEGRATED AS WELL. EXTENDED REAR BACKYARD PATIO KEEPS SUN TO A MINIMUM. TRAIL SYSTEM THROUGHOUT NEIGHBORHOOD, 15 MIN LAKE PLEASANT BOATING AND HIKING, 30 MIN TO CENTRAL PHOENIX, 10 MIN FROM NEWLY FINISHED TWSM CONDUCTOR PLANT. EXTREMELY FAST GROWING AREA WITH FRY'S CURRENTLY UNDER CONSTRUCTION, GET NOW WHILE STILL AFFORDABLE!!!

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6631 E Jasmine Street Mesa, AZ 85205

$549,900

3 Beds

2.5 Baths

1,858 SqFt

Status Active

MLS # 6787199

Property Type Single Family Residence

Price Type --

Impeccably Remodeled Home with RV Gate, New Roof and No HOA! This stunning home offers modern updates, a spacious layout, and a prime location! Situated on a large lot with an RV gate, this property has been thoughtfully upgraded to provide both style and convenience. Step inside to find a welcoming interior featuring 3 generously sized bedrooms, 2.5 updated bathrooms, and a cozy family room complete with a charming fireplace. The kitchen and bathrooms have been fully remodeled with brand-new cabinetry, sleek quartz countertops, and elegant tile flooring. The primary ensuite is a true retreat, showcasing a beautifully tiled shower, ample storage, and private access to the backyard. Outdoors, enjoy the extended covered patio—perfect for entertaining or relaxing while overlooking your expansive backyard. Recent updates include a new roof (2024) and new A/C unit (2022) for added peace of mind. Conveniently located just minutes from the Loop 202, shopping, and dining, this home truly has it all!

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16432 N 1st Drive Phoenix, AZ 85023

$549,900

3 Beds

2 Baths

1,543 SqFt

Status Active

MLS # 6779741

Property Type Single Family Residence

Price Type --

incredible opportunity to own in this adorable neighborhood with a completely updated home from head to toe. professionally designed with new cabinets, appliances, counters, flooring , interior paint, bathrooms, lighting fixtures and so much more. great open floor plan . home is also available for lease or lease purchase. owner agent with fast answers.

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721 W St Moritz Drive Payson, AZ 85541

$549,900

3 Beds

2 Baths

1,836 SqFt

Status Active

MLS # 6779363

Property Type Single Family Residence

Price Type --

No need to look any further! This well-maintained home has everything a buyer desires. The primary bed and bath are on the main floor and there are 2 large bedrooms and a full bath upstairs including a nice-sized loft or office area! You'll enjoy the propane fireplaces in the living room and primary bedroom. The primary suite comes with a jetted tub and a large walk-in closet. Outside you'll relax under the beautiful covered patio area. On the south side of the home, there is RV parking with water and a 30-amp outlet. There is a well-built storage shed in the backyard as well. This home won't last! See you soon!

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20391 N 53rd Avenue Glendale, AZ 85308

$549,900

3 Beds

2 Baths

1,589 SqFt

Status Active

MLS # 6779897

Property Type Single Family Residence

Price Type --

Welcome to your oasis nestled in the highly desirable Arrowhead Lakes! This stunning 3-bedroom, 2-bath home with a pool is situated on a premium corner lot. The vaulted ceilings create an airy atmosphere with tile and wood floors throughout the home. The kitchen features granite countertops, a nice size island, tile backsplash and stainless-steel appliances. Spacious primary en-suite has a walk-in closet, dual sinks, separate shower & roman style tub. Perfect for entertaining, the backyard features a beautiful pool with a new pool pump, a waterfall feature and a mountain view! Newer Roof & HVAC, two high-cost updates have been done! This sought after neighborhood is close to everything! Enjoy walks day or night, hiking trails nearby. Don't miss this one, move in before the holidays!

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13608 W Remuda Drive Peoria, AZ 85383

$549,900

3 Beds

3 Baths

2,258 SqFt

Status Active

MLS # 6781006

Property Type Single Family Residence

Price Type --

The price includes $20,000 for a rate buy-down and closing costs. This beautiful, move-in-ready home features a spacious great room that opens to a covered patio. The outdoor area boasts a heated pebble tech and travertine pool with a waterfall and jets, surrounded by palm and citrus trees. Inside, you'll find three generously sized bedrooms, each with its own full bathroom, along with a spacious dining room and plenty of storage. The main bedroom provides ample space for a sitting area or personal office, as well as a large walk-in closet and a super shower. The kitchen features granite countertops and white shaker cabinets, while plank tile flooring extends through high-traffic areas. An RV gate and a tandem four-car garage enhance the home's functionality.

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4397 W Horsenettle Drive San Tan Valley, AZ 85144

$549,900

4 Beds

2.5 Baths

3,001 SqFt

Status Active

MLS # 6781557

Property Type Single Family Residence

Price Type --

Welcome to this gorgeous 4-bedroom, 2.5-bathroom home located in the San Tan Ridge community. This property offers an exceptional floor plan with oversized bedrooms, a spacious loft, bonus room downstairs, formal dining area and trendy paint tones. The primary bedroom offers ample light, a large walk-in shower and closet. The kitchen opens to the living area, creating an ideal space for entertaining. Step outside to your private backyard paradise. Surrounded by lush tropical plants, featuring a heated swimming pool with views of the San Tan Mountains. The built-in BBQ and commercial-grade misters offer the perfect setting year round. In addition this home has owner owned solar, water softener, RO system, 3 car tandem garage, and is pre wired for a hot tub outside.

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6756 W Morrow Drive Glendale, AZ 85308

$549,900

3 Beds

2.5 Baths

2,058 SqFt

Status Active

MLS # 6785138

Property Type Single Family Residence

Price Type --

Seller Offering Up to $9,900 Toward Buyer's Closing Costs, Buydown, or Warranty with Acceptable Offer! Welcome to this stunning home situated on a premium golf course lot with breathtaking views from both levels. Whether you're relaxing on the patio or enjoying a glass of wine on the balcony, you'll love the serene surroundings. This beautifully upgraded home boasts energy-efficient features, including Anderson dual-pane windows with custom frames and low solar lease payments, helping to keep utility costs low. Major upgrades include a new roof installed in 2021, newer water heater, and both air conditioners have been replaced for optimal comfort. The exterior was freshly painted in 2018, ensuring the home maintains its curb appeal for years to come. Inside, you'll find a thoughtful combination of tile, wood, and carpet flooring throughout. The expansive 3-panel sliding door creates a seamless connection between the indoors and out, perfect for entertaining. Other notable features include: Newer tall toilets and a remodeled hall shower All appliances are included Water softener stays with the home Updated fixtures and finishes Don't miss this opportunity to own a beautiful home with all the right upgrades! Imagine yourself living in this gorgeous, move-in-ready property. Close to Arrowhead mall, hospital, major stores and loop 101. One of the lowest HOA fee's you will find.

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13411 W Los Bancos Drive Sun City West, AZ 85375

$549,900

3 Beds

2 Baths

2,143 SqFt

Status Active

MLS # 6785098

Property Type Single Family Residence

Price Type --

You will love this 3 bed, 2 bath home on corner lot in Corte Bella. Welcome to this spacious floor plan w/ lots of natural light, crown molding, plantation shutters, granite countertop, new carpet and paint thought-out. The eat-in kitchen has a breakfast bar, pantry, glazed cabinets & huge island. It's also open to the generous living space. The owner's suite features a large bay window, separate tub & shower, dual sinks, seated vanity & walk-in closet. The rear yard has a large, covered patio w/ relaxing views. Spacious laundry room with custom storage cabinets & oversized 2 car garage w/ attached cabinets. Located in the highly desired & gated Corte Bella community w/ golf course, sports courts, pool, fitness center, restaurant & day spa.

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5117 N 81st Street Scottsdale, AZ 85250

$549,900

2 Beds

2 Baths

1,216 SqFt

Status Active

MLS # 6785248

Property Type Townhouse

Price Type --

Oasis by definition is a peaceful place in the desert or it can also be defined as 5117 N. 81st St. This designer remodeled, 2 bed/2 bath home with just over 1,200 sqft. is located in the best location in of all of Chateau De Vie and a heartbeat away from the popular attractions of Fashion Square and Old Town. This home boasts a luxury chef's kitchen highlighted by modern oak thin shaker cabinets, top tier quartz countertops with waterfall edges, and Stainless Steel Samsung Smart appliances. Luxury vinyl wood plank flooring and Berber carpet accentuate the space. Baths have been tastefully done. Take in many beautiful sunsets while relaxing on your covered patio. New dual pane windows, roof, water heater, and newer AC. Airbnb/STR approved. Don't miss out on this one of a kind property!

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16222 S 180th Drive Goodyear, AZ 85338

New

$549,900

2 Beds

2 Baths

1,899 SqFt

Status Active

MLS # 6789074

Property Type Single Family Residence

Price Type --

Built in 2020, this modern home offers a stylish blend of luxury and functionality in the highly sought-after CantaMia at Estrella, a 55+ resort living community. It features 2 bedrooms, a versatile den, and 2 bathrooms within a thoughtfully designed split floorplan. Upon entering through the custom iron door, you'll notice modern fixtures and floors. The gourmet kitchen includes a gas stovetop, stainless steel appliances, and ample workspace, making it perfect for cooking and entertaining. The large master suite provides a private retreat, complete with a walk-in closet and an oversized tile shower, combining comfort with elegance. Outdoor living spaces are equally inviting. A private front courtyard welcomes you, while the backyard is perfect for entertaining with it's firepit, artificial grass, and paver accents. The property also includes a 3-car garage featuring epoxy floors and built-in cabinets, ideal for storage and versatility. With scenic mountain views, this home offers a perfect combination of modern design and an active, luxurious lifestyle, providing comfort and style both indoors and out.

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424 W Blackberry Lane Payson, AZ 85541

New

$549,900

4 Beds

3 Baths

2,540 SqFt

Status Active

MLS # 6788535

Property Type Single Family Residence

Price Type --

Discover your serene retreat nestled among the towering Ponderosa pine trees! This stunning 4-bedroom, 3-bath residence offers the perfect combination of comfort and natural elegance. Step into a spacious living room, complete with a beautiful fireplace, ideal for cozy evenings. The separate dining room features gleaming hardwood floors, adding warmth and sophistication. A well-appointed kitchen comes equipped with a Thermador Range and stainless-steel appliances making this home both functional and inviting. Outside, you'll find a completely fenced property, perfect for privacy, pets, or outdoor gatherings. The expansive 10'x40' rear deck provides a tranquil space to relax, take in breathtaking scenery, and listen to the soothing sounds of the East Verde River. The ... CLICK MORE property also boasts a 2-car garage with an attached workshop, equipped with its own bathroom and shower. Above the garage, enjoy the flexibility of a mother-in-law suite or a game roomtailor this space to fit your lifestyle. Best of all, there is no HOA, giving you the freedom to enjoy your property your way. There is plenty of room on this 0.58-acre lot to park your toys, RV or have a phenomenal garden. Whether you're entertaining, enjoying nature or working on projects in your workshop, this home offers everything you need and more. Located in a nature-lover's paradise, with access to hiking, fishing, and abundant wildlife. Don't miss the chance to own this unique retreat!

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