NAHB Housing Market Index Dips 2 Points

According to the National Association of Home Builders, overall builder confidence in housing markets dropped two points in October to an index reading of 63. September’s reading of 65 was the highest posted since the housing bubble peak. Component readings for October’s housing market index were mixed; the reading for builder confidence in market conditions over the next six months rose one point to 72. Builder confidence in current housing market conditions fell two points to 69. Builder outlook for buyer traffic in new home developments over the next six months fell by one point to an index reading of 46.

Approaching winter weather likely contributed to lower readings, but builder confidence remained strong. Any reading above 50 signifies that more builders are confident about specific index components than fewer. While home builders continue to be encouraged by low mortgage rates and a stronger job market, they also face obstacles including shortages of labor and buildable lots for development.

High Demand, Low Inventory of Homes Present Ongoing Challenges

High demand for homes coupled with depleted inventory of available homes is sidelining some buyers. As demand continues to drive home prices higher first-time and moderate income buyers are faced with affordability and mortgage qualification challenges. Limited inventory also makes it difficult for home buyers to find homes they want and contributes to competition for available homes. Buyers depending on mortgage financing typically compete with investors and cash buyers for homes in high demand areas.

Real estate pros and analysts monitor home builder sentiment as an indicator of future home supplies, but builder sentiment and housing starts don’t necessarily correspond. Given high home prices and strict mortgage qualification standards that sideline some buyers, it appears that home builders are taking a moderate stance toward ramping up construction.

In addition to boosting real estate markets, building homes provides jobs and supports local economies. Building homes creates demand for construction materials and related products and services.

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30765 N 77th Way Scottsdale, AZ 85266

$1,599,000
4 Beds
3.5 Baths
3,346 SqFt
Status Active
MLS # 6767820
Property Type Single Family Residence
Price Type --
Welcome to this beautiful home nestled in the highly sought-after, guard-gated community of Bellasera. Situated on one of the best lots within the community - this home offers the perfect blend of leisure, privacy, and breathtaking mountain views. As you enter, you are greeted by a formal living and dining area, setting the tone for the flows throughout the home. The spacious, open-concept kitchen and family room are perfect for entertaining, featuring an eat-in kitchen with bar seating, ample cabinetry, and modern appliances. Enjoy seamless indoor-outdoor living with access to the private backyard oasis, complete with a heated pool, spa, and custom-built fire pit. The primary suite boasts an ensuite bath with double vanities, a separate shower, a soaking tub, and a and a generous walk-in closet. The additional secondary bedrooms are thoughtfully designed, sharing a Jack and Jill bathroom, providing both comfort and convenience. A unique feature of this home is the separate casita located at the rear of the property. With its own private entrance, this space is perfect for guests, a home office, or a studio. Bellasera offers a tranquil desert lifestyle with world-class amenities, including a clubhouse, fitness center, tennis courts, and walking trails. Don't miss this rare opportunity to own a home in one of the most coveted communities in the area! Schedule your private showing today and experience the unparalleled beauty and luxury this home has to offer.

28411 N 159th Street Scottsdale, AZ 85262

$1,599,000 - 3Br/4Ba -  for Sale in Rio Verde Foothills Of North Scottsdale, Scottsdale
Open House
$1,599,000
3 Beds
3.5 Baths
3,807 SqFt
Status Active
MLS # 6627922
Property Type Single Family Residence
Price Type --
NEW CONSTRUCTION HOME with INCREDIBLE VIEWS! Presidio Homes hits it out of park with this expertly crafted home nestled among an enclave of luxury estates. With neatly paved roads and no HOA, you have the rare opportunity to enjoy your 1-acre home site your way. This unique contemporary home offers unrivaled mountain views from every room. The great room is open and airy with multiple patios and oversized sliders to usher in bright sunlight and expansive views. The east patio features a retractable slider for seamless indoor/outdoor entertaining. The luxurious owner's suite on the north wing offers privacy from two guest en suites on the south wing. A den with its own patio is quietly tucked away from all the noise and is large enough to be used as a TV room, office, or an enclosed formal dining room. The kitchen and great room feature custom cabinetry, quartz countertops, professional appliances, Mohawk plank wood flooring, and a linear gas fireplace with quartz hearth and surround to add warmth and style. The en suites bedrooms have walk-in closets and feature quartz countertops, floating custom cabinetry, fine porcelain flooring, European glass with porcelain surrounds and luxury fittings. In addition, the owner's suite has two large closets and a beautiful soaking tub. The laundry room also features quartz countertops and custom cabinetry, and is large enough to serve as a craft room. Details such as Mohawk wood plank flooring, solid core doors, energy efficient windows, and extensive LED recessed lighting ensure this home will be a haven of comfort, style, and convenience. The oversized 3-car garage is insulated, and the garage floor is protected by a durable resin finish. A paver driveway, walkways, and patios as well as landscaping and landscape lighting are featured along the front and sides of the home. The backyard is open for you to create your unique resort lifestyle. The new well will serve four homes, and it has great water pressure. Additional details such as LED recessed lighting under the soffits surrounding the exterior of the home, as well as lighting under the steps, create a warm inviting ambiance. A nice little bonus is that there are two exterior switched outlets to accommodate holiday lighting. Now that's convenient! Presidio Homes cuts no corners with the extra comforts you cannot readily see. They take pride in their craftsmanship, they are perfectionists in their finishes, and they build with your comfort in mind. For example, did you know that they insulate interior walls to provide quiet and privacy between bedrooms? That's an extra worth mentioning...but it doesn't stop there. To read a complete list of all the extras, please see the Features list. With the rare combination of construction excellence, stunning views, 1-acre home site to use as you like, and the quiet enjoyment of this serene environment, you truly won't find a better home than this one. It's perfect. Welcome Home!

12227 N 62nd Place Scottsdale, AZ 85254

$1,598,300
5 Beds
4 Baths
3,082 SqFt
Status Active
MLS # 6766688
Property Type Single Family Residence
Price Type --
Beautifully updated home featuring 5 bedrooms and 4 full baths, situated on a sprawling 25,000 sqft cut de sac lot in the highly sought-after 85254 neighborhood. No HOA! A permitted addition and complete remodel were completed in 2019, with the Certificate of Occupancy issued in December. Inside, you'll be greeted by an open-concept layout with a spacious kitchen and large island. The home offers two generously-sized primary suites, each with its own luxurious bath plus three additional bedrooms & two more full baths. The backyard is perfect for both relaxation and entertainment featuring a shaded pergola, outdoor bar, above-ground jetted spa, cozy fire pit, gray brick pavers, patios, and evergreen turf. With plenty of space, there's potential for adding a detached garage, casita, further expansion. This is a spectacular primary home but can also be used as a VRBO or as a second home that can be rented out when not here. So many options!!

7428 N Tombstone Road Scottsdale, AZ 85258

$1,598,000 - 2Br/3Ba -  for Sale in Sandpiper Scottsdale 4, Scottsdale
Open House
$1,598,000
2 Beds
2.5 Baths
2,361 SqFt
Status Active
MLS # 6765370
Property Type Single Family Residence
Price Type --
Welcome to resort-style living on the west perimeter of Sandpiper at McCormick Ranch! This stunning home offers 2 Primary suites + Den, 2.5-bath, & is located behind a 24/7 guard gate. Enjoy quiet living in the heart of Scottsdale. This home features a private center courtyard, a oversized 2-car garage. Nestled along the McCormick Ranch Golf Course, the home provides breathtaking views of Camelback & Mummy Mountains. Inside, you'll find soaring ceilings, neutral paint, & wood floors throughout.The open-concept layout showcases an upgraded cook's kitchen, stainless steel appliances, a breakfast bar, & ample cabinet space, including glass-front uppers. Quartz countertops, a range with electric cooktop, a wall oven, a walk-in pantry, & a separate pantry make this kitchen a chef's dream. Each generously sized bedroom offers sliding glass doors that open to private patios, seamlessly blending indoor-outdoor living. Owned solar panels add energy efficiency to this luxury home. The property is surrounded by lush green grass, creating a serene and inviting environment. Relax in one of the 7 community pools, perfect for enjoying Scottsdale's beautiful weather. You'll have plenty of room for guests with slab parking for 6 cars, offering more space than most properties in Sandpiper. Located in the highly sought-after McCormick Ranch area, this home is close to shopping, dining, golf, and entertainment, making it a perfect blend of luxury, convenience, and tranquility.

23491 N 125th Place Scottsdale, AZ 85255

$1,595,000
3 Beds
3 Baths
2,390 SqFt
Status Active
MLS # 6751411
Property Type Townhouse
Price Type --
Welcome to a modern, open-concept design completed in 2023 & only walking distance to the Mountain Lodge at Sereno Canyon, offering the lifestyle of resort living & showcasing crisp, clean architectural lines that seamlessly blend elegant living with the natural beauty of North Scottsdale's Sonoran Desert. Upon arrival, guests are greeted by a front fire-pit and paver patio, perfectly situated for gatherings against a backdrop of stone columns and walls. The modern glass entrance leads to a cozy foyer, unveiling a great room designed for both entertaining and relaxation, featuring a linear gas fireplace surrounded by floor-to-ceiling tile. Wide plank tile flooring extends throughout the home, complemented by custom chandeliers and lighting that create a bright, airy ambiance. The airy living area opens to the outdoor space, perfect for a low-maintenance lifestyle with covered patio finished with stone hardscaping, nestled near a private spool with stone wall water feature. Turf scaping outlined by desert vegetation & custom succulent wall planter complete the space. This carefree home is situated in an ideal setting for a relaxed lifestyle, surrounded by desert & mountain views, & in walking distance to the community's Mountain House Lodge featuring guest cottages, heated pools, fitness center, spa services & luxurious fine dining. Troon Golf course, Tom's Thumb trailhead and Pinnacle Peak are nearby to enjoy the beauty of the outdoor living in the Arizona desert.

1430 S Cherry Circle Dewey, AZ 86327

$1,595,000
5 Beds
6 Baths
8,713 SqFt
Status Active
MLS # 6751002
Property Type Single Family Residence
Price Type --
You'll fall in love with this exquisite mountain estate, set on nearly 4 acres of picturesque land nestled within the foothills of Dewey. Offering breathtaking 360-degree views of the surrounding mountains, this ''R. Dewey Ranch'' property is the perfect ranchette, designed for those who appreciate both luxury and beauty. Whether you dream of creating a vineyard, cultivating gardens, raising horses, or hosting gatherings for loved ones, this estate provides the ideal setting. Upon approach, you're greeted by a charming covered front paver porch that spans the length of the house, inviting you to take in the serene surroundings. Step inside to be captivated by the soaring ceiling of the great room, where the floor-to-ceiling river rock wood-burning fireplace serves as a stunning focal poin Gorgeous wood floors and a wall of windows in the dining room flood the space with natural light, creating an inviting atmosphere for entertaining or simply relaxing. This architecturally stunning home features 5 spacious bedroom suites, each thoughtfully designed for comfort and privacy. The heart of the home is the gourmet kitchen, a chef's paradise equipped with a commercial-style Viking range, a side-by-side cabinet-front refrigerator, a stainless steel Viking hood, and an abundance of designer cabinetry. Custom granite countertops, tile floors, island with a breakfast bar, and a massive walk-in pantry complete the kitchen, making it a space where culinary dreams come to life. The wet bar, complete with a beverage refrigerator, offers a convenient spot for serving guests, enhancing the home's entertaining capabilities. Down the hall, the family room provides an intimate gathering space, featuring tongue and groove ceilings, peeled-pole accent columns, built-in cabinets and bookshelves, a fireplace, and a built-in desk. This cozy retreat is perfect for family evenings or quiet reading sessions. The primary suite is a luxurious and spacious retreat, with double French doors leading to the back deck. The suite features a two-way gas fireplace that faces into the spa-like ensuite bathroom, where you'll find a dual-sink vanity, a large walk-in closet, a stone tile walk-in shower, and a jetted soaking tub positioned beneath a window that allows natural light to pour in. Additional main-level amenities include a well-appointed laundry room with built-in cabinets and ample counter space, a powder room, and a sunroom that houses a hot tub, providing a private oasis for relaxation. Ascending the front staircase, you'll find a versatile loft space overlooking the great room. With built-in cabinets and desks, this area is ideal for a home office, study, or homeschool room. Down the wood-floored hallway are 3 additional ensuite bedrooms, each with walk-in closets and beautifully appointed bathrooms. The last room on this level can serve as a nursery, playroom, office/den, or an additional bedroom, offering flexibility to suit your needs. Descending the back staircase to the basement level, you'll discover a theater room, perfect for movie nights, and a vast gym room with a wall of mirrors, providing a dedicated space for fitness enthusiasts. Adjoining the theater room is a game/billiards room, ideal for entertaining. Beyond the double French doors lies an in-law suite, complete with a living, dining, and kitchenette, leading to the fifth bedroom suitean ideal setup for guests or extended family. The home also features substantial garage space, with a 4-car garage on the main level and an additional attached 2-car garage on the basement level, ensuring plenty of room for vehicles, storage, or a workshop. The outdoor spaces are equally impressive, with expansive decks on both the upper and main levels, the latter spanning the entire back of the home. The sprawling grassy backyard invites exploration, leading you to a charming children's playhouse, a pool-sized pond/water feature, and four paddocks ready for horses, gardens, or even a vineyard. The home has new roofing, gutters and skylights that were all updated in 2022. With security doors on each exterior door, you can enjoy the fresh mountain breeze flowing through the home every day. Surround yourself with unparalleled luxury, peace, and quiet in this exceptional mountain estate, where stunning views and serene surroundings await. This remarkable home is ready to be yours, offering a lifestyle of comfort, beauty, and tranquility.

1829 W Cloud Road Phoenix, AZ 85086

$1,595,000
6 Beds
5.5 Baths
5,100 SqFt
Status Active
MLS # 6753152
Property Type Single Family Residence
Price Type --
If you are looking for a peaceful retreat, this luxurious home has your needs covered! Be welcomed by the inviting front porch upon arrival. Fall in love with the immaculately designed open floor plan with picture-perfect windows overlooking fantastic mountain views. The home is enhanced with vaulted ceilings, pre-wired surround sound, decorative ceiling fans, recessed lighting, a bay window, and soothing paint tones, complemented by wood-plank tile flooring. Meticulous attention to detail is presented in the chef's kitchen, complete with a gas cooktop, a wall oven, a wine cooler, and a farmhouse sink. Quartz counters, a subway tile backsplash, a plethora of white cabinetry with crown molding, a walk-in pantry, and an island with a breakfast bar elevate the space. CLICK ON MORE... 2 Stories, each level is unique (on MLS info shows as 1 level and basement). MORE INFORMATION TO COME

15234 E Sundown Drive Fountain Hills, AZ 85268

$1,595,000
4 Beds
3 Baths
3,666 SqFt
Status Active
MLS # 6771093
Property Type Single Family Residence
Price Type --
**Stunning Desert Contemporary Masterpiece with Panoramic Views** Welcome to your dream home, gracefully resting on a serene hillside lot, offering breathtaking panoramic views of the surrounding mountains and tranquil desert. This exquisite property is designed for those who appreciate privacy without sacrificing luxury. As you enter through the elegant gated courtyard, you are immediately enveloped in a light and bright floorplan that radiates warmth and sophistication. The interior boasts high-end finishes at every turn, including exquisite travertine flooring, clear maple accents that add a touch of natural elegance, and sumptuous slab granite countertops that elevate the kitchen and bathrooms. The large living room serves as the heart of the home, featuring a cozy gas fireplace perfect for intimate gatherings or quiet evenings spent unwinding after a long day. Step outside to discover three captivating outdoor living spaces that redefine relaxation and entertainment. Dive into your own serene tile-lined pool or unwind in the spa while soaking in the stunning desert landscape. For alfresco dining enthusiasts, an outdoor dining area awaits with its inviting fireplace, louvered overhang for shade, and built-in gas grillperfect for hosting unforgettable gatherings under the stars. Recent updates enhance this already remarkable residence: enjoy new air conditioning systems (2023), a beautifully redone master bath (2019), and a brand-new pool pump (2023). Fresh interior and exterior paint completed in 2024 ensures this home is move-in ready! Don't miss your chance to own this exceptional property where modern luxury meets natural beauty. This stunning masterpiece won't last long!

1125 Trails End Drive Sedona, AZ 86336

$1,595,000
4 Beds
3 Baths
2,877 SqFt
Status Active
MLS # 6773717
Property Type Single Family Residence
Price Type --
Welcome to Trails End, where Sedona living reaches its peak! This Airbnb dream sits in a premium location, just a minute's stroll from the serene creek and the iconic Tlaquepaque Arts & Shopping Village. Whether you're an investor or a buyer looking for that perfect full-time residence, this property is a true gem! Step inside this 2877 sq ft, single-level home, featuring 4 bedrooms + den and 3 bathrooms, beautifully appointed with all the essentials for comfort and style. From the chef's kitchen designed for gourmet living to the barn-door entry at the primary suite, every detail has been curated to perfection. The home is by a sleek metal roof, but the real magic happens outdoors. Nestled beneath majestic sycamore trees, the expanded and renovated backyard is your personal sanctuary. Picture yourself under covered and open-air patios, enjoying Sedona's starlit skies around the outdoor firepit. There's even a greenhouse for the gardening enthusiast currently used as an art studio and a hot tub to unwind in style. And let's talk functionalitythis home is loaded! The 2-car garage boasts oversized dimensions and a side yard that could easily transform into a gated RV area. There's plenty of parking both outside the front wall and along the garage driveway, so you'll never have to worry about space. Offered move-in ready, fully turnkey, furniture dishes and linens (excluding personal art pieces). Come experience the WOW factor for yourself!

33601 N 64th Street Scottsdale, AZ 85266

$1,595,000
4 Beds
2.5 Baths
3,009 SqFt
Status Active
MLS # 6762787
Property Type Single Family Residence
Price Type --
First, this home has an assumable VA loan at 2.75% with a loan a balance of approximately $556k. Great leverage for the qualified buyer and they don't have to be a Veteran. This stunning 3,009 square foot home located in the desirable Terravita Country Club offers a perfect blend of luxury and comfort. With four spacious bedrooms and 2.5 bathrooms, this property caters to both relaxed living and entertaining. As you enter, you are greeted by abundant natural lighting due to the large windows and high ceilings that create an airy, open atmosphere. The expansive living areas feature all tile floors, providing a sleek and modern look that's also easy to maintain. The heart of the home is the gourmet kitchen, which boasts beautiful quartz countertops, ample cabinetry, and top-of-the-line appliances, making it a chef's dream. The adjacent dining area is perfect for family gatherings or entertaining guests, with views of the backyard oasis with heated spool. The primary suite is a true retreat, featuring a generous layout and a luxurious ensuite bathroom with modern fixtures, a therapy tub, and a spacious walk-in shower. The additional bedrooms are well-sized and share a stylish full bath, while a convenient half bath is available for guests. Step outside to discover the heated play pool, ideal for year-round enjoyment, whether for relaxation or entertaining. The outdoor space also includes a covered patio, perfect for alfresco dining or lounging under the stars. With a three-car garage, this home provides ample parking and storage options. Located within the prestigious Terravita Country Club, residents enjoy access to top-notch amenities, including golf, fitness facilities, and social activities. This property is perfect for those who appreciate a blend of elegance and functionality in a community-oriented environment.

14147 W Greentree Drive Litchfield Park, AZ 85340

$1,595,000
4 Beds
3.5 Baths
4,110 SqFt
Status Active Under Contract
MLS # 6756275
Property Type Single Family Residence
Price Type --
This stunning remodeled ranch on Wigwam's Red Golf Course offers luxury and comfort in every detail. Featuring 4 bedrooms, a separate office, and 3.5 bathrooms in 4110 sq ft of living space, this single-level home includes a 3 car garage with a separate golf cart door. The heated pool and spa, covered outdoor kitchen and open floor plan make this property perfect for entertaining and enjoying the Arizona weather. With Vaulted ceilings, spectacular views and chef's kitchen this ranch is a blend of modern luxury and classic charm. Don't miss the opportunity to own this exceptional property in a PRIME golf course location.

11999 N 80th Place Scottsdale, AZ 85260

$1,595,000
3 Beds
2 Baths
2,473 SqFt
Status Active
MLS # 6784969
Property Type Single Family Residence
Price Type --
Dramatic $500k plus recently remodeled home in the prestigious guard gated community of Scottsdale Country Club East 9. Three bedroom, two bath home with heated pool and spa. Formal dining room open to the living room with stunning fireplace. Amenities include front yard landscape maintenance, guard gated services and tennis courts.

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