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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4936 E Coronado Road
Phoenix, AZ 85008
$550,000
3
Beds
2
Baths
1,821
SqFt
Status
Active
MLS #
6784981
Property Type
Single Family Residence
Price Type
--
Welcome to this beautiful 3-bedroom, 2- bathroom home! This property boasts a spacious front and backyard, complete with citrus trees and green plants, a 2-car garage, an RV gate, and a covered patio for outdoor enjoyment. Inside, you'll find tile flooring throughout, with a family room featuring laminate flooring perfect for entertaining guest. The freshly painted interior complements the kitchen's cream-colored cabinets, granite countertops, stainless steel appliances, and an island ideal for enjoying meals. Both bathrooms have been fully remodeled with modern tile backsplashes, glass doors, and sleek black faucets and shower heads, Conveniently located near freeway access, shopping centers, the Phoenix Zoo, and Papago Park, this home offers both comfort and accessibility.
22870 W Sunset Lane
Congress, AZ 85332
$550,000
3
Beds
2
Baths
1,933
SqFt
Status
Active Under Contract
MLS #
6771222
Property Type
Single Family Residence
Price Type
--
Don't let the lot size fool you! This easy to manage horse property is strategically set up to accommodate horses, LQs and RVs. Step into the warmth of this enchanting home where every room whispers tales of tradition and heritage. The home is the perfect size for a full time retreat or a winter get away. With wooden beams and handcrafted accents, this home is unlike any other. Enjoy picture perfect sunsets as you unwind in the front courtyard. Out front is a red barn with water and electric offering endless possibilities for horse enthusiasts or those seeking additional storage. The property does have income potential and is turn key. It is fully fenced with an electric gate and all pens have automatic waterers. A portion of the turnouts can be removed and enlarged into a riding arena or
5341 E Sheena Drive
Scottsdale, AZ 85254
$550,000
3
Beds
2
Baths
1,836
SqFt
Status
Active
MLS #
6782334
Property Type
Single Family Residence
Price Type
--
Charming Corner Lot with Endless Potential - Needs TLC and Finishing Touches! This oversized corner lot ranch-style home is full of charm and potential! No HOA, RV parking, and North/South exposure! Featuring 3 beds, 2 baths, and a 2-car garage, it offers a unique layout with a spacious family room, arched accents, a cozy wood-burning fireplace, and a mix of carpet and tile flooring. The master bedroom includes a full bath, while the kitchen is fully equipped with an electric range/oven, dishwasher, and refrigerator. The backyard is an oasis with a sparkling pool, covered patio, and mature fruit trees. Though partially remodeled, this home requires some repairs and updates, making it an ideal opportunity to add value and personal touches.
4815 N 74th Place
Scottsdale, AZ 85251
$550,000
2
Beds
2
Baths
1,348
SqFt
Status
Active
MLS #
6788496
Property Type
Townhouse
Price Type
--
Great central location in the heart of Old Town Scottsdale's waterfront. Just a five minute walk to Fashion Square, restaurants, entertainment and grocery shopping. Low hoa fees at $73 a month. The home has been meticulously maintained & offers custom white shaker cabinets, granite countertops, stainless steel appliances, Anderson dual pane windows, Boss Screens & Awnings, 20 inch tile, white beveled subway tile , & living room wall of glass overlooking the spectacularly landscaped backyard. Built in BBQ & thoughtfully placed lighting to showcase the landscape at night. Large laundry room finished with the same quality of the home, built in shaker cabinets, sink, & door to the backyard. AC replaced in 2024. Large corner lot offers a side gate. Foam roof installed by Inca roofing in 2016 under warranty until 2/27/2025 Living room door is Milguard Double Pane Tempered glass 17 ft door 2022 installed new York 16 seer 3 ton AC as well as complete cleaning of attic, new insulation, new air ducts, and new air registers inside of home.Refrigerator 2022 Garbage disposal replaced in 2023 Interior of home plumbing replaced with copper in 2016. Water system R/O new in 2023 with New RO filters October 2024 Freezer in the utility room 2022 Washer and dryer that allow extra wash/water and rinse top of the line 2023. Inside carport, for privacy / shade awning Large plantation shutters Bathrooms have skylights Installed water regulator to regulate water pressure Security and landscape lighting around exterior Driveway has motion detector automatic lights for when arriving home at night Anderson double pane windows,Boss security screens awnings with large white shutters inside to protect with heat, security and noise.Low maintenance landscape twice a year blowing and maintenanceThe front and back yard have native plants and cacti designed for your enjoyment. Five minutes to walk from property to fashion square, waterfront Restaurants and grocery stores close byIdeal central location with low HOA fee Honor Health Hospital very close Neighborhood is 55 and older Community center offers a beautiful kitchen, pool, barbecue, and shower. The neighborhood offers many functions for holidays and throughout the year held at the main pool. Honor Health hospital is one mile.
8544 E Ocaso Avenue
Mesa, AZ 85212
$550,000
3
Beds
2
Baths
2,253
SqFt
Status
Active
MLS #
6787548
Property Type
Single Family Residence
Price Type
--
Amazing opportunity to own a beautiful family home, with a pool and 3-car garage for only $244/sqft! As you pull up to your new home, you'll be invited by the large saguaro cactus in the front yard, large driveway and 3-car garage, enough parking for everyone! Enter into the front door and notice how open the formal living room, den, family room and kitchen are, perfect for all your entertaining needs. Soaring ceilings will guide you to the backyard door where you'll picture your family enjoying years of making memories in and around your sparkling pool and long covered patio. The master bedroom is spacious, with private French door access to your backyard. This home is priced right and will not last long! Available for a quick close, possibly in time to enjoy the holidays!
2603 S Playa --
Mesa, AZ 85202
$550,000
5
Beds
2.5
Baths
2,823
SqFt
Status
Active
MLS #
6786635
Property Type
Single Family Residence
Price Type
--
5 BR 2.5 BA single level home in prestigious Laguna Shores of Dobson Ranch. What a find at just under $195/sq ft. The possibilities are endless for a family or investor. From the moment you walk in, you will feel at home w/spacious rooms, a flexible floorplan, & the most private tranquil back yard. Enter thru the double door entry w/formal LR on the Lt & formal DR to the Rt. Down the hall is a half BA, 3 lg secondary BR's, a hall BA, & the primary BR. Primary BA has dual sinks & upgraded tile shower. KIT has been updated with SS appliances & flows into the FR w/wood burning FRPL, lg Bonus Rm & 5th BR (perfect for BR, office, or playroom). French doors lead to the backyard. This home has so many possibilities for any buyer's lifestyle. It is full of charm & warmth w/Saltillo tile floors & baths w/Capelo sinks from Guanajuato. Private backyard w/lush landscaping is ideal for entertaining friends & family. Large grass area w/patios, RV gate, newer A/C's, & roof resealed in 2024. Ample storage, walk-in KIT pantry, & inside laundry w/built-in cabinets. The home is a true bargain, located on one of the most desirable streets in Dobson Ranch. Lake access down the street for your boating adventures. Saratoga Park & Laguna Park around the corner. Dobson Ranch amenities include community pools, clubhouses, pickle ball, planned family activities, 8 lakes, public golf course & library, and easy access to #60 & #101 freeways. This home won't last!
10709 E Knowles Avenue
Mesa, AZ 85209
$550,000
3
Beds
3
Baths
2,161
SqFt
Status
Active
MLS #
6787305
Property Type
Single Family Residence
Price Type
--
Welcome to this beautifully updated home, offering luxury and comfort at every turn. The spacious kitchen boasts sleek stainless steel appliances and elegant slab granite countertops, making it perfect for both cooking and entertaining. The expansive master suite provides a peaceful retreat with plenty of room to relax. Step outside to your private oasis featuring a sparkling pool. With a 3-car garage, there's ample space for vehicles, storage, or a workshop. This home combines style, space, and functionality—don't miss the chance to make it yours!
13202 W Beechwood Drive
Sun City West, AZ 85375
$550,000
3
Beds
2
Baths
2,525
SqFt
Status
Active
MLS #
6693377
Property Type
Single Family Residence
Price Type
--
Beautiful, fully remodeled brick front home on a corner lot in the 55+ community, Sun City West. Gorgeous new flooring throughout this thought out, open floor plan. The kitchen has new white cabinets with a large island for entertaining. The living area has a wet bar with a built-in refrigerator. All 3 BRs have walk-in closets and large enough for King beds with space to spare. The entry has a privacy gate to keep out solicitors and it opens to an impressively large patio. The back yard has another large patio with flourishing citrus trees. There are many extras throughout including plantation shutters, weather shield roller shades for when you travel, extra long garage, plush landscaping, and more. The furnishings are included in so all you have to do is pack your bags and move in!
27524 N Montana Drive
Rio Verde, AZ 85263
$550,000
2
Beds
2
Baths
1,730
SqFt
Status
Active
MLS #
6751350
Property Type
Townhouse
Price Type
--
Beautiful turnkey townhome in the gated community of Tonto Verde. Located in a quiet cul-de-sac, backing to the beautiful driving range and a short walk to the clubhouse and its amenities. Great room style living with fireplace and walls of windows taking in the backyard views and gorgeous sunsets. Split floor plan with 2 large bedrooms and 2 full baths. Primary bedroom with access to the spacious patio and primary bath with dual vanities, tub, walk in shower and walk in closet. Kitchen with center island and cooktop, breakfast counter and dining that is open to the lush landscaping with floor to ceiling windows. New Interior paint 2024, New roof in 2022, New HVAC in 2020, New Hot water heater in 2022 and New Washer/Dryer in 2020. Oversized 2.5 car garage with golf cart access
11991 N 69th Avenue
Peoria, AZ 85345
$550,000
4
Beds
3
Baths
2,323
SqFt
Status
Active
MLS #
6781152
Property Type
Single Family Residence
Price Type
--
Discover a stunning blend of modern elegance and Arizona charm in this fully remodeled 4-bedroom, 3-bathroom home, spanning 2,323 square feet. Every detail of this renovation has been carefully curated for style, comfort, and functionality, creating a warm yet sophisticated atmosphere. The heart of the home unfolds seamlessly as the living room transitions into a private backyard sanctuary through beautiful bifold doors. These doors bring the outdoors in, offering panoramic views of Arizona's endless skies and direct access to a sparkling pool—ideal for relaxation or entertaining. This backyard oasis provides ample space for lounging, al fresco dining, and savoring the tranquility of the Arizona desert.
930 W Mclean Drive
Wickenburg, AZ 85390
$550,000
3
Beds
3
Baths
2,022
SqFt
Status
Active
MLS #
6780676
Property Type
Single Family Residence
Price Type
--
Welcome to this beautifully appointed home, boasting 3 spacious bedrooms (Note: 2 are suites) and 3 bathrooms, with over 2,022 sq. ft. of living space. Perfectly located in the center of town, this home offers easy access to everything Wickenburg has to offer - whether you're looking for a vacation getaway or a year-round residence, this property is ideal. Step into the heart of the home—the kitchen—with custom cabinetry that will truly take your breath away. The open and inviting great room features stunning wood floors and solid custom doors throughout. Every detail has been thoughtfully designed for both beauty and function. Outside, you'll appreciate the convenient pickup-height garage door and the RV gate with ample space for your bus or recreational vehicles. The backyard offers plenty of room for outdoor activities and is the perfect spot to relax and enjoy Arizona's incredible weather. This home is truly a must-see. It combines the comfort, space, and convenience you've been looking for. Don't waithomes like this go fast!
14916 W Piccadilly Road
Goodyear, AZ 85395
$550,000
3
Beds
2
Baths
2,962
SqFt
Status
Active
MLS #
6622880
Property Type
Single Family Residence
Price Type
--
$60,000 BELOW RECENT COMP. see MLS#6608783 Welcome to luxury living of Goodyear, nestled within the prestigious guard-gated community of PebbleCreek! As you enter, you're greeted with soaring ceilings in the grand foyer. The Cambria plan revolves around a spacious great room with vaulted ceilings, bar area, chef's kitchen with granite counters, large breakfast area flowing seamlessly to the outdoors. The primary suite is accompanied by a relaxing sitting room, walk-in shower, make-up with a dual sink vanity. This home is ready for your touch! Lastly, step out back to a covered patio and a professionally landscaped low maintenance backyard. The community offers golfing, restaurants, social clubs, fitness center, indoor/outdoor pools, tennis, trails and so much more!