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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2304 E Blue Bell Circle Payson, AZ 85541

$1,370,000
4 Beds
4 Baths
3,842 SqFt
Status Active
MLS # 6744402
Property Type Single Family Residence
Price Type --
*Please view the video tour, 3D walk-though tour and documents to see all this home has to offer* Welcome to your dream home in the beautiful guard gated community of Chaparral Pines Golf Country Club. This stunning residence exudes luxury, function and comfort, offering an impressive array of updates and features that cater to your every need. As you enter the main level, you are welcomed into a spacious and open living area. The living room, dining room, and kitchen are thoughtfully connected, creating a harmonious flow that is perfect for entertaining. The natural light floods in through windows with cellular shades, highlighting the elegance of the gas fireplace and creating a warm, welcoming atmosphere. The primary suite on the main level is a true sanctuary with its expansive seating area, sliding door access to the deck, and walk-in closet. The en-suite bathroom featuring a large shower with dual shower heads and body jets, a built-in tub, dual vanities with a makeup area and ample linen storage. On the opposite side of the main floor, a guest room offers privacy and comfort, complete with direct access to a bathroom that also serves the hall and access to the deck. The laundry room is designed for convenience with a utility sink, countertop space and storage, leading directly to the 2-car garage, golf cart garage and workshop, all with epoxy flooring. Venture to the lower level to discover a spacious setup, perfect for guests, extended family and entertaining. This level features a comfortable guest room with direct access to a bathroom also acting as guest bathroom and an oversized guest suite with an ensuite bathroom plus generous seating area. The office is thoughtfully equipped with two built-in desks, functional storage including a closet making it ideal for working from home. The kitchenette, with a fridge/freezer, dishwasher, sink, and microwave, provides everything you need for relaxed living. A sliding door opens to the patio, where an above-ground spa invites you to unwind. Situated on a large corner lot between two cul-de-sacs, this home offers views of the mountains and the golf course from the upper deck. Please view documents tab for a list of all improvements and additional information. This exceptional home in Chaparral Pines is more than just a place to live; it's a lifestyle. Experience the elegance, comfort, and community this remarkable property offers. Don't miss the opportunity to make it yours! *Owner had a pre-listing inspection completed and are happy to provide that information.

13736 E Wethersfield Road Scottsdale, AZ 85259

$1,370,000 - 4Br/3Ba -  for Sale in Scottsdale Mountain, Scottsdale
Open House
$1,370,000
4 Beds
2.5 Baths
2,782 SqFt
Status Active
MLS # 6767393
Property Type Single Family Residence
Price Type --
Welcome to luxury living in Scottsdale Mountain! This open concept floor plan is updated with high end finishes through out each room. The home's natural light shines in every window allowing for breathtaking mountains views to be soaked in daily with each of Arizona's famous sunrises. Complete with a chef's kitchen, huge waterfall island, Bosch and Viking appliances, this space allows you to create and entertain family and friends! The kitchen and living spaces flow seamlessly to the homes expansive covered outdoor patio to allow for more indoor/outdoor living. Outside features include a built in BBQ, oversized pool with two waterfalls and a poolside fire feature! The primary bedroom is very spacious offering a spa-like bathroom, soaking tub and more! The secondary bedrooms the flexibility to fit your needs. I'd love you show you around! Thank you for your interest!

4281 Leaf Spring Drive Wickenburg, AZ 85390

$1,360,000
3 Beds
3.5 Baths
2,767 SqFt
Status Active
MLS # 6743738
Property Type Single Family Residence
Price Type --
This exquisite Shea Latigo residence, located on the golf course, offers breathtaking views of Vulture Peak and the Weaver Mountains. Nestled on a large cul-de-sac lot adjacent to common areas, this home provides both privacy and picturesque scenery. You'll be captivated by the oversized patios featuring a built-in BBQ, pizza oven, and a majestic rock fireplace—ideal for entertaining or simply enjoying a tranquil evening. No expense was spared in crafting this remarkable home, where every detail has been thoughtfully designed. Upon entering, you'll be greeted by a sophisticated den complete with a built-in wine cabinet, perfect for relaxing with your favorite vintages. The gourmet kitchen is a chef's dream, boasting upgraded appliances including wall ovens, a gas range top, a stainless-steel vent, granite countertops, and a stunning limestone backsplash. The expansive living room showcases a dramatic rock fireplace and accent wall, creating a cozy yet elegant atmosphere. Glass sliders seamlessly connect the indoor living space to the outdoor patios, enhancing the flow and making indoor-outdoor living a breeze. High-end wood and tile flooring, coupled with stylish chandelier lighting, add a touch of luxury throughout the home. The master suite is a true retreat, featuring two walk-in closets and a lavish bathroom with a walk-in shower and a soaking tub. Glass doors open directly to the patio, providing a serene private escape. The guest bedroom is generously sized and includes its own patio exit, while the guest bathroom offers ample space and comfort. The charming courtyard is perfect for gatherings, featuring pavers, a massive rock fireplace, a shade screen, and extensive entertainment space. The separate casita provides an ideal space for guests, with a spacious living area, a full bathroom, and a walk-in closet. Additional highlights include a large laundry room that doubles as an office with ample cabinetry for storage, and an extended-length garage providing extra room for additional storage needs. This Shea Latigo home in Wickenburg Ranch offers unparalleled luxury, comfort, and style.

3816 E Fairfield Street Mesa, AZ 85205

$1,359,000 - 4Br/5Ba -  for Sale in Trovita Norte, Mesa
Open House
$1,359,000
4 Beds
4.5 Baths
4,333 SqFt
Status Active
MLS # 6754099
Property Type Single Family Residence
Price Type --
Welcome to luxury living in the highly sought-after gated community of Trovita Norte in Mesa, Arizona! This stunning 4,333 sq. ft. estate boasts 4 bedrooms and 4.5 bathrooms, offering the perfect blend of elegance and comfort on a spacious corner lot with RV gate access. Step inside to an inviting courtyard that leads to a grand formal dining room and an expansive great room featuring a full wall of custom built-in cabinetry. The gourmet kitchen is a chef's dream, complete with high-end appliances, a gas cooktop, double ovens, a massive island, and a cozy breakfast nook, all perfectly designed for entertaining and family gatherings. The multi-purpose room, with a large storage closet, is ideal for a variety of uses, while two generously sized bedrooms, each with walk-in closets and en-suite bathrooms, provide privacy and comfort for guests. The master retreat is a sanctuary of its own, featuring direct access to the backyard, his-and-hers closets, a luxurious spa-like bathroom with a walk-in shower, freestanding tub, and dual vanities. Additionally, there is a sophisticated den/office complete with custom built-in cabinetry. A guest suite with serene backyard views completes the interior, but the true gem lies beyond the double sliding doors. Step out to your private oasis with travertine flooring, a sleek modern pergola equipped with a misting system, and a built-in outdoor kitchen island perfect for al fresco dining. The resort-style backyard includes a diving pool with a cascading fountain, a waterslide, a basketball hoop, and a cozy fire pit. The beautifully manicured landscape, including a lush turf area, offers both tranquility and space for outdoor fun. Additional highlights include a 4-car garage with epoxy flooring, built-in cabinets, a tool area, and ample parking for all your toys. This home is a rare find that combines modern luxury with timeless design in one of Mesa's most prestigious communities.

5547 E Olesen Road Cave Creek, AZ 85331

$1,355,000
4 Beds
3.5 Baths
3,038 SqFt
Status Active
MLS # 6763491
Property Type Single Family Residence
Price Type --
Almost Complete - Contemporary NEXTGEN Builders home: 4BD +office/den, 3.5 Bath, high-quality luxury with many upgrades. Oversized 2-Gar with attached 47' RV Gar with 12x14 RV door, on 1 acre lot. No HOA, paver front sidewalk & driveway apron with concrete driveway, large kitchen island, upgraded SubZero/Wolf Appliance Pkg:, Gas Range, Microwave Drawer, 48'' Subzero built-in Refrigerator, Quartz counter tops throughout. Many upgrades, all bedrooms have walk in closets. Owner's bath has large entry shower with a standalone tub and double sinks. 12 Ft ceiling in great room and 8' doors throughout, nicely finished. Energy efficient Spray foam insulation, 2x6 framed and fully sheathed exterior, post tension foundation, Pictures are from a completed model home. Buyer to verify all facts.

3888 E Weston Lane San Tan Valley, AZ 85140

$1,350,000
4 Beds
3.5 Baths
3,543 SqFt
Status Active
MLS # 6784720
Property Type Single Family Residence
Price Type --
Welcome to your dream home in San Tan Valley! This stunning new build is truly a great opportunity, offering 4 bedrooms and 3.5 bathroom. Situated on a spacious 1.25 acre lot with no HOA, this property is perfect for those looking for their own piece of paradise. Featuring builder upgrades throughout and front landscaping included, this home will boast a luxurious feel from the moment you step inside. The open concept floor plan is perfect for entertaining guests. This property is also horse friendly, making it ideal for equestrian enthusiasts. And with a generous 4 car garage, there's plenty of room for all your vehicles and toys. Don't miss out on this incredible opportunity to own a slice of Arizona heaven. Finishes available upon request. Estimated completion is February 2025.

41619 N River Bend Road Phoenix, AZ 85086

$1,350,000
4 Beds
4.5 Baths
3,770 SqFt
Status Active
MLS # 6783540
Property Type Single Family Residence
Price Type --
Experience luxurious living in the prestigious Anthem Country Club, where elegance and detail abound. The sophisticated stacked stone accents set the tone for the beauty that unfolds inside. Step into an interior with wood-look tile flooring, recessed lighting, and plantation shutters that enhance the home's timeless charm. The expansive great room is perfect for hosting, highlighted by a cozy fireplace, surround sound, and beautiful media niches that blend style and functionality. The gourmet kitchen is a chef's dream with top-of-the-line stainless steel appliances, granite countertops, and a prep island with a breakfast bar. Beautiful cabinetry with crown moulding and a tile backsplash add elegance, complemented by a butler's service area. The owner's retreat features private outdoor Serene backyard stands out, which highlights a covered patio, exterior fireplace, mountain views, built-in BBQ, a sparkling pool, & spa. If entertaining is on your mind, you will absolutely love to own this paradise. Don't miss!

6614 W Sweetwater Avenue Glendale, AZ 85304

$1,350,000
5 Beds
3.5 Baths
4,489 SqFt
Status Active
MLS # 6756750
Property Type Single Family Residence
Price Type --
Built on nearly an acre, this ranch style home was designed with love and extreme attention to detail. The gourmet chef's kitchen is perfectly placed to allow large family gatherings and every day comfort. The star of the show is the 48'' Bertazzoni gas stove complemented by gorgeous granite countertops and custom cabinetry. Your eyes will be drawn to tasteful timeless design features throughout the home. Your family and friends will have so many rooms to choose from to work, play, entertain and relax.: (click more tab for more info) Even the hallways are extra wide, giving the flow of the floorplan a sense of ease. Create your best memories in the RESORT like back yard: Earth Air Fire Water featured in every way: Earth- luscious green grass and mature fruit trees AIR-with nearly and acre there is room to breathe, run and play FIRE- built in gas firepit and lots of string lights add warmth and ambiance AND OF COURSE- WATER!! The sparking pool is heated and has an amazing grotto water slide feature. The outdoor kitchen is surrounded by plenty of seating at the bar and covered patio. As that isn't enough there is also a hot tub with gazebo. Family reunions, weddings, birthday parties will never be the same when you truly have a resort in your own back yard. The home has 5 bedrooms and 3.5 bathrooms. Authentic southwestern details add a timeless feel to the tasteful design and finishes of this stunning home. Built-in cabinets and wood features add a sense of luxury throughout the interior and exterior. So much more: New Roof RV gate Barn style workshop/ covered parking Lots of slab parking for all the toys Lots of windows Pride of ownership Flood irrigated lot Stacked stone ledger accents on exterior Gorgeous Vigas / pillars with copper accents and unique corbels En Suite on west end of home Garden tub with jets in Primary bedroom Functional, spacious, and versatile floor plan Multi generation living Extra wide hallways Block fence Mature trees Zoned AGRICULTURAL NO HOA Horses are allowed, but buyers to check with city to see how many

4575 S Exeter Street Chandler, AZ 85249

$1,350,000
3 Beds
3 Baths
2,863 SqFt
Status Active
MLS # 6769931
Property Type Single Family Residence
Price Type --
LAKEFRONT LUXURY! This rare unicorn lot in the coveted Pinelake Estates offers UNMATCHED PRIVACY with no front/back neighbors, & the community's most stunning & exclusive lake views. The front & backyard have undergone $100K+ in upgrades, including new synthetic grass & stone landscaping! Enjoy an infinity pool that seamlessly blends with the serene lake. Inside, a bright, freshly painted open living space flows into a chef's kitchen with quartz countertops, premium appliances, & a spacious island. The primary suite offers private lake views, a spa-like freestanding tub, & a steam shower for a truly secluded retreat. Additional features include a home-wide surround sound system, 3-car garage, RV gate, & 2 new Trane HVACs. Prime location near shopping, dining, & more-this is luxury living!

33655 N 78th Place Scottsdale, AZ 85266

$1,350,000
3 Beds
3.5 Baths
2,810 SqFt
Status Active
MLS # 6780877
Property Type Single Family Residence
Price Type --
Gorgeous renovated and immaculate desert retreat is nestled on a 1/3 acre lot at the end of a cul-de-sac in guard gated Winfield. The popular Morganite + detached casita floorplan features 3 en suite bedrooms and 3.5 baths. The casita and the home both open to the oversized, gated front courtyard- a lovely space to savor a cup of coffee or glass of wine and take in the mountain views. As you step inside, you'll notice the soaring ceilings and clerestory windows which fill the space with natural light. The open floor plan features wood look tile floors and a stacked stone accent wall with cozy gas fireplace to enjoy on chilly nights. Home chefs will delight in the gourmet kitchen with 6 burner Viking gas range and hood, wall oven, built-in refrigerator, prep sink and large granite island. Luxurious owner's suite features a spacious bedroom, freestanding bathtub, granite counters with separate makeup area, large tiled shower and generous walk-in closet. A large secondary bedroom is split from the primary bedroom and includes a walk-in closet. A small room off the hallway was originally built as a temperature controlled 2000 bottle wine room and is currently used as a storage/hobby room. Wine enthusiasts can easily convert back to its former use. The detached en suite casita is a private haven for guests or would be ideal for a parent, adult child, office, studio or gym. Relax in the backyard oasis with resort style pool and spa complete with bar stools, baja shelf, water feature, custom lighting and misters and travertine decking. The backyard was designed for entertaining with large covered and uncovered patios, a built-in grill and synthetic turf area. Winfield is located close to shopping, dining and golf courses set amid unique boulder outcroppings with Winfield Mountain as its centerpiece. The community features a 13,000 sq ft clubhouse with workout facility, aerobics/dance room, therapy spa and steam rooms, meeting rooms and a plethora of social clubs. Winfield also offers a robust tennis program with 8 courts ( 2 clay), dedicated pickleball courts, heated pool, and private hiking trails. Plenty of opportunities to meet and socialize with neighbors! Kitchen, baths and floors have been renovated in this impeccable home along with recent HVAC (3 Trane units), roof (house and casita), water heater and pool equipment replacements. Nothing left to do but move in and enjoy the Winfield active lifestyle! See Features and Upgrades list in Documents Tab for a complete list.

8028 E La Junta Road Scottsdale, AZ 85255

$1,350,000
3 Beds
3.5 Baths
2,853 SqFt
Status Active
MLS # 6767438
Property Type Single Family Residence
Price Type --
Enjoy the ultimate Scottsdale experience in this beautiful 2853 Sq Ft house. This home has 3 bed 3.5 bath on 1 acre lot with a heated pool and is in the heart of Pinnacle Peak! The home includes desert landscapes, spectacular sunsets, and close to golf, hiking, casual & fine dining and shopping!!! The back yard has a patio, lots of room, and slider doors through-out the home to exit to your private retreat. 1 Home feels even larger due to high ceilings and open floor plan. Featuring 3BR & 3.5 baths make this an easy to live in home. New Travertine floors laid in 11/2020. In 2021 Kitchen Cabinets refinished. Home has a big, bright, open feeling. Quiet streets, great for walking the dog, biking, yet so close to all amenities. A VALUE; WON'T LAST LONG!

522 Buenagua Road Payson, AZ 85541

$1,350,000
3 Beds
3 Baths
2,234 SqFt
Status Active
MLS # 6770126
Property Type Single Family Residence
Price Type --
Nestled in the quaint community of Kohl's Ranch, this remarkable property encompasses the perfect blend of natural beauty, tranquility, and year round living. This property has been in the same family for 70 years and has been meticulously maintained showing pride of ownership in every detail.Situated on a level .34 acre lot, with 134 feet of frontage on Tonto Creek, this home is a sanctuary of comfort and elegance. The fully fenced backyard has large ponderosa, black walnut, juniper and apple trees. Several types of flowers, vines and a lush green lawn are watered by an underground sprinkler system. A tree house is in the shaded area of the backyard. Through the back gate there is a small shaded patio right next to Tonto Creek which is perfect for fishing or enjoying a good book.

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