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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2902 N Cheri Lynn Court
Chandler, AZ 85225
$549,900
3
Beds
2
Baths
2,003
SqFt
Status
Active
MLS #
6765391
Property Type
Single Family Residence
Price Type
--
Welcome Home! This amazing house has it all, with 3 spacious bedrooms and 2 completely remodeled luxurious bathrooms. No HOA!! Brand new plumbing throughout this entire home and a new roof with transferable warranty. Every room has new wood grained, high end luxury Vinyl for a cohesive look. Newer Dual Paned Windows and Anderson sliding doors. It literally has been touched top to bottom with new finishes and modern decor. This oversized backyard boasts a pool, pergola, new sprinklered grassy area, a large RV gate and custom 2nd gate. The County square footage does not account for the enclosed heated and cooled former Arizona Room. (Approx. 291 sq ft).
247 E Las Puertas Lane
San Tan Valley, AZ 85140
$549,900
2
Beds
2.5
Baths
1,677
SqFt
Status
Active
MLS #
6772024
Property Type
Townhouse
Price Type
--
Welcome home to Encanterra Country Club and this fully upgraded Valletta Model with all the finest touches. This SMART HOME is loaded with convenient amenities. Upgraded Chef's Kitchen with Quartz Countertop and built in WiFi Appliances and cupboards / Vinyl Plank Flooring / Upgraded bathrooms with Quartz Countertops and Tile showers / Extended back Patio w/ Pergola / Built in Alexa that controls lights, custom fans and TV / Hard wired electric window shades / Multi-slide door in Great Room / Garage w/ EV outlet, custom shelves, water conditioner and epoxy floor / THIS HOME HAS MORE FEATURES AND UPGRADES THAN ANY HOME IN THE AREA, I can't even list them all! / 2 Clubhouses, 4 pools, Championship Golf, Tennis, Pickle Ball, Restaurant, and so much more. Come enjoy the ''Good Life''! This home also offers a maintenance free landscaping in the front maintained by the HOA...plus there are many clubs and community activities to enjoy time with family and friends. Concerts, pool parties, Forth of July Fireworks, Wine and Whiskey Tastings, movies at the pool, Taco Tuesdays, golf cart parades...and so much more. There are clubs and events for every lifestyle. We can't wait for you to join us in all the fun!
7243 E Portland Street
Scottsdale, AZ 85257
$549,900
4
Beds
2
Baths
2,076
SqFt
Status
Active
MLS #
6775154
Property Type
Single Family Residence
Price Type
--
PRICE IMPROVEMENT!!!! Fabulous home in New Papago Park community just steps to Scottsdale Sky Song! UPDATES include wood laminate flooring, 200amp electrical panel, dual pane windows & paint. Spacious home w/4 Bedrooms & 2 bathrooms. Enter into the FORMAL living room that peeks into the updated Kitchen w/pass through to kitchenette & dining room. Flex space ideal as a sunroom, office, or den. Primary ensuite has built-in linen closet, & exits onto enclosed porch w/backyard access. Primary bathroom has updated shower w/white tile surround. All bedrooms feature mirrored closet doors & ceiling fans. Guest bathroom has tub/shower combo.Enclosed porch has closed-in laundry room. Large backyard w/beautiful poured concrete patio. Opportunity to create your perfect dream backyard. Spacious shed with electricity) in backyard for extra storage. One acre Papago Rotary Park just a few streets away. Minutes to active Scottsdale Green Belt, Vista del Camino, El Dorado Park & Sky Song. Near popular SoSco hotspots DeFalco's, Fellow Osteria, & hidden gem Hai Noon. Tucked into the SkySong neighborhood of South Scottsdale, just minutes to Old Town, ASU, PHX Sky Harbor Airport, freeways, & so much more! Enjoy all the world famous amenities of South Scottsdale AND Tempe!
17810 W Straight Arrow Lane
Surprise, AZ 85387
$549,900
3
Beds
3
Baths
2,379
SqFt
Status
Active
MLS #
6776042
Property Type
Single Family Residence
Price Type
--
**ASSUMABLE 3.5% LOAN** Located in the dynamic 85387 zip, this home is perfect for RV lovers, featuring an oversized garage for vehicles and equipment. Enjoy an open layout with a large kitchen that boasts granite countertops, a breakfast bar, 42'' cabinets, a gas range, and a walk-in pantry. The private primary suite offers a walk-in closet and an ensuite with dual sinks and a spacious shower. The great room features a decorative wall and opens to the dining area with access to the backyard, equipped with artificial turf for easy maintenance. The home also includes a versatile room currently used as a den with garage access. Experience the burgeoning community of 85387, known for its tranquility and access to local amenities, combining modern living with natural charm
37736 N Bridlewood Lane
San Tan Valley, AZ 85140
$549,900
5
Beds
3
Baths
1,960
SqFt
Status
Active
MLS #
6775469
Property Type
Single Family Residence
Price Type
--
New Build in Combs Ranch on the last HUGE LOT is now available! This new home that has never been lived in and features an open floor-plan, amazing kitchen with Shaker Style cabinets, Stainless Steel Appliances with gas range and Quartz counter-tops with decorative tile back-splash, this new build has 5 bedrooms and 3 Full bathrooms, primary bedroom is large and the primary bathroom has dual sinks with 2 linen closets with large walk-in shower and a HUGE walk-in closet, new tile flooring, new paint, new carpet, new LED lighting throughout and much much more. The lot is HUGE with endless options for a pool, grass area, sitting area and more. Location is ideal with shopping, restaurants and the LG manufacturing plant only 2 miles away! This one will sell fast!
6353 S Adobe Drive
Chandler, AZ 85249
$549,900
3
Beds
2
Baths
2,054
SqFt
Status
Active
MLS #
6777869
Property Type
Single Family Residence
Price Type
--
Meticulously cared for 3 bedroom 2 bath home on a spacious corner lot! Formal dining area/den, exceptionally large great room with skylights and spacious kitchen with upgraded cabinets, corian countertops, oversized island, pantry, R/O system, and large eat-in-dining area with breakfast bar. Generous sized primary suite with updated shower, separate tub, private toilet room, dual vanity and a huge walk-in closet with built-ins. Oversized garage with built-in cabinets. BEAUTIFUL low maintenance backyard complete with a Pebbletec pool, covered patio, and small grassy area. HVAC unit replaced in 2022. Priced to sell!!
6236 Barn Owl Avenue
Prescott, AZ 86305
$549,900
3
Beds
2
Baths
1,697
SqFt
Status
Active Under Contract
MLS #
6733061
Property Type
Single Family Residence
Price Type
--
This stunning home is turnkey ready... with the entire existing complement of furniture, appliances and furnishings (interior and patio) going to the buyer. The home has outstanding curb appeal, features an OPEN floor plan, Upgraded baths, a Wow kitchen, and a Wow back yard! It is a meticulously maintained & beautifully upgraded home, arguably surpassing new construction in every way! The Montana floor plan's open, spacious, split-bedroom design is perfect for modern living. The kitchen features granite & quartz counters, stainless steel appliance package, & upgraded cabinetry. The backyard is a retreat featuring a stunning floral garden, view of Granite Mountain and backs to a beautiful park. Great location: 3 min to Antelope Hills Golf, and 7 min to Willow Creek Beneful Dream Dog Park. The master suite is a retreat with a custom barn-door that separates the master bedroom from the luxurious spa-like master bath... which includes dual raised-height vanities with quartz counters, stylish tile-inset walk-in shower, and a walk-in closet. The home features vaulted ceilings, beautiful lighting throughout and plantation shutters on all windows. The home has wood plank tile floors throughout, with the exception of the bathrooms which both feature Santa Barbara tile floors. Additional features include added storage in the hallway leading to the guest wing, custom upper cabinets in the laundry room, along with a washer and dryer, and an extra deep utility sink. The backyard has been completely customized with an extended paver patio, remote controlled extendable awning, artificial turf, and a beautiful floral garden-scape featuring Desert Willow, Crape Myrtle, Orange Trumpet, Rose of Sharon, Buddleia, Butterfly, Honeysuckle, Lavender and more - stunning! This home is situated on a prime homesite, backing to a coveted common area park for added privacy and a view of Granite Mountain. This stunning home has outstanding curb appeal, with custom stack stone accents on the facade, an elegant paver walkway leading to the front door, and beautiful mature foliage. An enclosed porch with a security screen door welcomes you into this inviting home. The garage has been updated with epoxy flooring, an 8' insulated overhead door, a WiFi-enabled opener, and added extensive custom storage cabinets.
24714 N 174th Lane
Surprise, AZ 85387
$549,900
3
Beds
3
Baths
2,187
SqFt
Status
Active Under Contract
MLS #
6745889
Property Type
Single Family Residence
Price Type
--
Great Price! Great Value! Great Amenities! Welcome to the next chapter of your life! This impressive home offers more than just a place to live—it's your gateway to the lifestyle you've been dreaming of. From the moment you step inside, you'll feel a harmonious blend of peace & comfort. The gourmet kitchen, featuring gleaming granite countertops & stainless steel appliances, is a culinary enthusiast's dream, perfect for hosting gatherings. The open floor plan leads to a spacious primary suite, complete with upgrades, abundant storage, & a roomy walk-in closet. You will find 2 additional bedrooms, one guest suite boasts its own private entrance & patio - there is one more bedroom & den all offering additional opportunities to create spaces tailored to your personal preferences. The low maintenance landscaping and window treatments are already donesaving you time and money. Picture evenings in your private, manicured backyard complete with artificial turf, enjoying the warmth of the gas fire pit or unwinding under the covered patio. Whether relaxing or entertaining, this outdoor space is ideal for year-round enjoyment. Make sure to check out the garage with its epoxy floor - it feels like an extension of the home. Whether you're looking for a full-time residence or the perfect winter retreat, this homeand the communityoffer a lifestyle filled with luxury and connection. Scenic walking trails, a resort-style pool and spa, a state-of-the-art fitness center, and pickle ball courts are just a few of the amenities that encourage active living and lasting friendships. Come view the home today - you will be glad you did. See document section for all the additional items this home offers. Contact Bill Miller for information on how you can bid on this home.
1342 W Bartlett Way
Chandler, AZ 85248
$549,900
3
Beds
2
Baths
1,807
SqFt
Status
Active Under Contract
MLS #
6775193
Property Type
Single Family Residence
Price Type
--
Welcome to this beautifully updated 3-bedroom, 2-bath single-story home in the highly sought-after Ocotillo Lakes community of Chandler. This spacious 1,800 square foot home boasts a fresh, modern feel with new interior paint, brand-new carpet, and stainless steel appliances. The kitchen and bathrooms are highlighted by elegant granite countertops, adding both style and functionality. The vaulted ceiling in the main living area enhances the open, airy feel, while new ceiling fans and light fixtures throughout provide added comfort and ambiance. Step outside to a large covered patio, which spans the width of the home and offers private access from the primary bedroom—a perfect space for outdoor relaxation or entertaining. Additional features include a cozy fireplace, central vacuum system, water softener, and a 2-car garage. Situated in a prime location within Ocotillo Lakes, this home offers a balance of modern upgrades and community charm, making it the ideal place to call home. Don't miss out on this move-in-ready gem!
1545 E Megan Street
Gilbert, AZ 85295
$549,900
3
Beds
3.5
Baths
1,965
SqFt
Status
Active
MLS #
6779336
Property Type
Single Family Residence
Price Type
--
Welcome to your dream home in the highly sought-after Andalucia Villas Community in Gilbert! This stunning residence, built in 2022, boasts a prime location with only one neighboring home for added privacy. Offering 3 spacious bedrooms, each with its own private bathroom, this home's outstanding design features will exceed your expectations. The upgraded kitchen package includes gorgeous white shaker cabinets, quartz countertops, and stainless steel appliances. The open great room floor plan features a 20' multi-slide door that leads to a beautiful paver patio and private courtyard. Additional upgrades include extended tile throughout the first floor, an upgraded master shower, and elegant two-tone paint. Perfectly situated in a lively neighborhood, residents can enjoy access to a community pool, lush green spaces, and a playground for the little ones. The home's ideal location puts you just minutes away from popular destinations such as San Tan Village Mall, Dana Park, and Cosmo Dog Park, offering the best in shopping, dining, and leisure activities. For golf enthusiasts, the renowned Western Skies Golf Course is conveniently located just across the street. Don't miss the opportunity to make this beautiful home yours today!
12964 W Plum Road
Peoria, AZ 85383
$549,900
2
Beds
2
Baths
1,682
SqFt
Status
Active
MLS #
6786957
Property Type
Single Family Residence
Price Type
--
Fantastic Location! 3 block walking distance to Kiva. Popular MONTIS floor plan. Unusual oversized lot with privacy and very lush vegitation and trees. Beautiful back paver patio and charming large front courtyard. Eat-in kitchen with sliders to courtyard. New stainless appliances, and roll out cabinets. Bathrooms include new tile, plumbing fixtures, lighting, and sliding shower doors. Plantation shutters throughout, charming fireplace, luxury new plank flooring in den. 2car garage with 4 ft. extension. 2 car garage with 4-foot extension. This home is in award-winning gated, 55+ Trilogy at Vistancia with 5-star-resort style amenities at the 35,000 SF Kiva Club with indoor & outdoor pools, fitness center, day spa, cafe, billiards, meeting rooms, library, tennis courts, pickle ball, bocce ball, events & a plethora of activities to choose from. Outstanding Gary Panks-designed golf course is woven throughout the original part of the neighborhood. The Mita Club has additional outstanding community amenities. Easy access from Trilogy to the 303, shopping, restaurants, entertainment, Lake Pleasant & Paloma Park, Peoria's huge community park loaded with amenities. Move-in ready!
1027 S Nancy Lane
Gilbert, AZ 85296
$549,900
3
Beds
3
Baths
2,292
SqFt
Status
Active
MLS #
6781531
Property Type
Single Family Residence
Price Type
--
MODEL PERFECT HOME FEATURES OPTIONAL 4TH BEDROOM AND FULL BATHROOM DOWNSTAIRS! This FULTON HOME is The Best Floorplan in the Neighborhood and features 9-Foot Ceilings on 1st & 2nd Floor with 8-Foot Tall Doors Throughout. There are Amazing Features & Upgrades Throughout! The Spacious Open Floorplan is Perfect for Family & Entertaining! The Gourmet Kitchen includes Gas Range, 48-inch Tall Timberlake Espresso Cabinets, Granite Countertops, Huge Kitchen Island, All Premium Appliances, and Huge Walk-in Pantry! Large Family Room features 4-Panel Sliding Door that look out to Big Backyard w/Professionally Designed Landscaping and Built-in Stainless Steel BBQ. Upstairs features a Huge Loft that can be 2nd Family Room. You are absolutely going to Love the Features & Upgrades of this Luxury Home!