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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533 W Missouri Avenue
Phoenix, AZ 85013
$543,000
3
Beds
1
Bath
1,200
SqFt
Status
Active
MLS #
6762433
Property Type
Single Family Residence
Price Type
--
Looking for a property to add to your portfolio - this property has the location, historic tax district breaks, low yard water costs, AND has active income generating lease in place from Jan 15th, 2025-Jan 30th, 2026. This location is a gem! Property is located in the Medlock Historic District, get the benefits of the discounted property taxes while also being close to Central & Camelback shopping - AJ's fine foods, Windsor, Postino's, Federal Pizza, Churn, soon to be ''The Henry'', and just steps away from Hatch, and the corner cafe on 7th & Missouri. Sleep soundly at night, this property has been updated with integrity. Not only has this seller permitted the replacement of structural beams - framing walls - all sewer and pressurized water lines - wiring and electrical panel,... ...but seller also worked closely with an architect, structural engineer, and hired a licensed, bonded, and insured contractor to complete the work and produce an updated historical home that a buyer can sleep soundly about owning. The updates performed on this property do not stop there. The exterior was smooth stuccoed, dual pane vinyl windows installed, A/C unit and duct work replaced (''Trane'' AC unit), water heater is also new and tankless, roof was entirely replaced, R-38 insulation rating blew-in in the attic. Not only is this property highly energy.. efficient, but its owner will benefit in property tax savings. Property is located in the Medlock Historic District and also has flood irrigation rights grandfathered to the land - making watering your lawn and keeping your grass green affordable (approximately $150 a year). Kitchen has a quality update as well, with new solid wood shaker cabinets, S.S. appliances, beautiful granite counters with a breakfast bar seating overhang, and large single-basin sink with an over-the-sink window. All light multi shade wood-like floors - installed properly and ran throughout the entire property with updated baseboards to finish it off. Hall linen storage cabinet and a fully updated bathroom with floor to ceiling stone walk-in shower, new granite topped vanity and toilet. Interior washer and dryer convey - with direct entry to the carport. Carport also has a key-code locking gate for direct entry to the backyard. Back door exits to the slabbed patio and overlooks the large lush and green grassed backyard. Generously sized storage shed. Property is prime for a guest house or accessory dwelling OR even a pool. The quality of this update speaks for itself and really shines in person. Floor layout is sensible for size and flows nicely. Location is convenient to great local eateries and one of the best dry cleaners in town
36145 N Desert Tea Drive
Queen Creek, AZ 85140
$543,000
3
Beds
3
Baths
2,186
SqFt
Status
Active
MLS #
6783609
Property Type
Townhouse
Price Type
--
Welcome to your dream resort home in the highly sought-after Encanterra community! This spacious 3-bedroom, 3-bathroom home also offers a a versatile den and an expansive loft, providing ample living space for relaxation and entertainment. The thoughtfully designed layout includes a convenient upstairs storage unit, perfect for all your organizational needs. The heart of the home is the upgraded kitchen, featuring granite countertops, premium stainless steel appliances, and elegant white cabinetry that exudes modern charm and sophistication. Ideal for both everyday living and entertaining guests, this kitchen is a true chef's delight. Situated just steps away from the main clubhouse, La Casa as well as Algarve, the 18 and over pool. Start living the Encanterra dream today!
3131 N Central Avenue Unit 5013
Phoenix, AZ 85012
$543,000
2
Beds
2
Baths
1,125
SqFt
Status
Active
MLS #
6612521
Property Type
Apartment
Price Type
--
*Construction Completed* 5% BUYER INCENTIVE! Introducing Edison Midtown Phase 2 with 60 new construction condominiums. This spacious two bedroom condo offers ten ft. ceilings, an open floor plan, and large master bedroom with ensuite bathroom. Chefs kitchen offers expansive cabinetry, quartz countertops and stainless steel appliances including a gas range. Edison Midtown features incredible amenities for that perfect Urbanite lifestyle. A beautiful pool and lap pool, 2000 sq. ft. fitness center and lounge, and gated parking garage.
10149 E Tupelo Avenue
Mesa, AZ 85212
$543,000
2
Beds
2
Baths
1,763
SqFt
Status
Active
MLS #
6724621
Property Type
Single Family Residence
Price Type
--
MOVE IN READY home in the highly sought after 55+ community of Encore at Eastmark in the East Valley! This immaculately kept home sits on a large lot giving you ample space between neighbors and to enjoy the outdoors, whether it be to relax on the oversized patio complete with, hot tub, BBQ and wall mounted TV and plenty of room to entertain! Upgraded kitchen features granite countertops and stainless steel appliances and gorgeous wood look tile flooring in all the main living areas. Also features water softener, designer laundry, epoxy garage flooring, and many smart home features like ''Hyrawise'' irrigation system and ability to control thermostat & garage door from your phone make this home turn-key and give you the ability to lock and leave with ease. This home is a MUST SEE
30410 N 229th Avenue
Wittmann, AZ 85361
$543,000
4
Beds
2
Baths
2,070
SqFt
Status
Active
MLS #
6767573
Property Type
Single Family Residence
Price Type
--
Nestled on just over an acre, this custom-built home is ready for all your hobbies—bring your horses, boats, and outdoor toys! With a 3-car garage and an inviting open floor plan, the home features vaulted ceilings and recessed lighting throughout. The kitchen is a chef's delight with stainless steel appliances, granite countertops, a stylish tile backsplash, and an under-mount sink, complemented by upgraded cabinets throughout the entire home. Stunning mountain views can be enjoyed from almost every window. The main suite boasts vaulted ceilings, dual sinks, a separate tub and shower, and a spacious walk-in closet. In addition to the master, there are three large bedrooms in a split floor plan.
1346 E Briarwood Terrace
Phoenix, AZ 85048
$543,000
3
Beds
2
Baths
1,650
SqFt
Status
Active
MLS #
6775538
Property Type
Single Family Residence
Price Type
--
Explore this newly renovated beautiful 3-bedroom, 2-bathroom home located in the gated Augusta golf course community. The home features impressive vaulted ceilings, triple paned windows, stylish wood-look flooring, plantation shutters, and fresh paint with accent walls creating a refined atmosphere. The new modern kitchen boasts quartz countertop , a tiled backsplash and flooring, soft closing white cabinetry, and a central island. The bright master suite includes a newly renovated luxurious en suite bathroom with dual sinks ,a large glass-framed shower and sliding door straight to the pool. Outside, you'll find an outdoor entertaining space with a covered patio and a shimmering pool—an ideal spot to relax and soak up the Arizona sun. This home is eligible for FHA solar and wind tech Received $2500 in closing cost and approximately $8000 tax credit when you add Solar to your mortgage. See document tab for Solar proposal and inquire or more details.
18697 E Panchito Drive
Gold Canyon, AZ 85118
$542,995
3
Beds
2
Baths
1,910
SqFt
Status
Active
MLS #
6737879
Property Type
Single Family Residence
Price Type
--
Welcome to the Copper floor plan that is ready for a quick move-in! Included features: a covered entry; a spacious flex room; a well-appointed kitchen offering a center island, a generous walk-in pantry, and an adjacent dining room; an inviting great room; a thoughtfully designed primary suite showcasing a roomy walk-in closet and a private bath with double sinks; a central laundry; two secondary bedrooms with a shared bath; a cheerful covered patio; and an attached RV garage.
18672 E Panchito Drive
Gold Canyon, AZ 85118
$542,995
3
Beds
2
Baths
1,910
SqFt
Status
Active
MLS #
6737920
Property Type
Single Family Residence
Price Type
--
The Copper Plan is ready for quick move-in! This home features an attached RV garage, perfect for adventurers. Included features: a covered entry; a spacious flex room; a well-appointed kitchen offering a center island, a generous walk-in pantry, and an adjacent dining room; an inviting great room; a thoughtfully designed primary suite showcasing a roomy walk-in closet and a private bath with double sinks; a central laundry; two secondary bedrooms with a shared bath; and a cheerful covered patio. Discover the charm of Gold Canyon.
5326 W Manzanita Drive
Glendale, AZ 85302
$542,995
4
Beds
3
Baths
2,077
SqFt
Status
Active
MLS #
6762127
Property Type
Single Family Residence
Price Type
--
Explore this thoughtfully designed Slate floorplan, ready for quick move-in on a homesite boasting front yard landscaping and driveway/walkway pavers. Included features: an inviting covered, paver entry; a well-appointed kitchen offering 42'' eclipse shaker cabinets with satin nickel hardware, quartz countertops, stainless-steel appliance suite, a center island with pendant lights, and a spacious walk-in pantry; an expansive great room with adjacent dining room; a lavish primary suite showcasing a generous walk-in closet and a private deluxe owner's bath with separate soaking tub and 4x16 tile shower, and dual sinks with cultured marble countertops; a convenient laundry; a guest bedroom featuring en-suite bathroom with step in shower. You'll also find a spacious covered patio, and a 2-car garage with 8' door and belt drive opener, coach lights, as well as a garage service door. Find other desirable finishes, like 9x35 tile in the main living areas (carpet in bedrooms only), a convenient soft water loop in the garage, gas tankless hot water heater, R/O pre-plumb, and a gas stub at the patio. This home also offers ceiling fan prewire in all bedrooms, great room, and patio, plus much more.
18746 E Panchito Drive
Gold Canyon, AZ 85118
$542,995
4
Beds
2.5
Baths
2,110
SqFt
Status
Active
MLS #
6782917
Property Type
Single Family Residence
Price Type
--
Welcome to the Zinc Plan in Entrada Del Oro II, Gold Canyon! This spacious 2-story, RV-friendly home offers 4 bedrooms and 2,5 baths, with the master suite and laundry conveniently located on the main floor. Designed for comfort and functionality, this home is perfect for those seeking extra space and easy access to outdoor adventures near the Superstition Mountains.
18610 E Panchito Drive
Gold Canyon, AZ 85118
$542,995
4
Beds
3.5
Baths
2,110
SqFt
Status
Active
MLS #
6781751
Property Type
Single Family Residence
Price Type
--
Welcome to the Zinc Plan in Entrada Del Oro II, Gold Canyon! This spacious 2-story, RV- home is 4 bedrooms and 3.5 baths, with the master suite and laundry conveniently located on the main floor. Designed for comfort and functionality, this home is perfect for those seeking extra space and easy access to outdoor adventures near the Superstition Mountains. Corner Lot
16732 W Whispering Wind Drive
Surprise, AZ 85387
$542,990
4
Beds
3
Baths
2,473
SqFt
Status
Active
MLS #
6767457
Property Type
Single Family Residence
Price Type
--
Up to 3% of Base Price or total purchase price, whichever is less, is available through preferred lender.'' This stunning Avelino AllGen floor plan offers 4 bedrooms and 3 baths, featuring an upgraded island, a second kitchen, and a soft water plumbing loop. The kitchen showcases elegant granite countertops, a chef's kitchen design, tile backsplash, and upgraded flooring throughout.