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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8293 E Tailspin Lane Scottsdale, AZ 85255

$1,350,000
3 Beds
2.5 Baths
2,704 SqFt
Status Active
MLS # 6771509
Property Type Single Family Residence
Price Type --
Welcome to your serene retreat in the exclusive, guard-gated Talon Retreat community of Grayhawk! This stunning single-story TW Lewis home features 3 spacious bedrooms and 2.5 luxurious baths, designed for comfortable living and entertaining. As you enter, you'll be captivated by the soaring 12-foot ceilings that create an open, airy atmosphere. The thoughtfully designed layout includes a bright and inviting living area, perfect for gatherings with family and friends. Step outside to your private backyard oasis, complete with a sparkling pool and a secluded patio. This tranquil space is ideal for relaxation or enjoying quiet moments amidst beautiful landscaping. Don't miss the opportunity to experience the best of Scottsdale living in this exquisite home.

10222 N 103rd Street Scottsdale, AZ 85258

$1,350,000
3 Beds
2 Baths
2,112 SqFt
Status Active
MLS # 6774703
Property Type Single Family Residence
Price Type --
Enjoy privacy without compromising Lake views in this Waterfront lot! The spacious kitchen features a breakfast bar, wine refrigerator, stainless steel appliances, and elegant granite countertops. The luxurious Master Suite includes a custom walk-in closet and a refreshing multi-head shower. Step outside to the lakefront patio, complete with a custom bar and a hot tub \ spa, great for entertaining. Enjoy sunsets from your own private boat dock

3759 S Dew Drop Lane Gilbert, AZ 85297

$1,350,000
6 Beds
4 Baths
4,068 SqFt
Status Active
MLS # 6773996
Property Type Single Family Residence
Price Type --
Welcome to this SPLENDID dream home. A rare, fully updated home with beautiful BASEMENT in the well-established Power Ranch Community. Corner lot, greenbelt. Brimming with opulent details, this home has all the contemporary and esthetically pleasing features, such as all NEW kitchen with lavish natural marble countertops, new cabinets, farm sink, appliances, custom designed range hood, double oven and microwave drawer. All bathrooms are NEW. Quiet luxury primary ensuite and main floor powder/guest bath. NEW floorings throughout. NEW AC system. This home has a complete BASEMENT that welcomes you to your very own speak-easy bar. Tons of room for entertaining. Second laundry and a scullery in the basement for your ultimate comfort living. One of a kind, carefully designed, carefully curated.

29888 N 78th Street Scottsdale, AZ 85266

$1,350,000
4 Beds
3 Baths
2,884 SqFt
Status Active
MLS # 6777383
Property Type Single Family Residence
Price Type --
Completely Renovated Single Level Home! RARE FIND OVERSIZED Half Acre LOT backing to Natural Desert Open Space **Permitted Addition Enlarged the Primary Bath w/ Oversized Shower & Huge Custom Primary Closet**Stunning New Kitchen w/ White Shaker Cabinets, Quartz Counters & Stainless Appliances**Kitchen opens to Family Room w/ Fireplace**Beautiful & Durable LVT Wide Plank Flooring**Solid Core Single Panel Interior Doors w/ Solid Wood Casings & Baseboards**12 New Milgard Windows**New Bath Cabinets, Quartz Counters & Fixtures**4 Bedroom, 3 Full Baths**HIGH Ceilings**3 Car Garage**Newer Roof**2018 New AC's w/ Fresh Air intakes & Air Filtration**New Patio, Pavers & Landscaping**Fabulous Relaxing Private, Quiet Yard w/ Built in BBQ** Fabulous Renovated Home & Move In Ready!

15802 N 71st Street Unit 452 Scottsdale, AZ 85254

$1,350,000
2 Beds
2.5 Baths
2,055 SqFt
Status Active
MLS # 6781495
Property Type Apartment
Price Type --
Experience Unmatched Luxury at the Landmark Community: Welcome to Landmark, an exclusive residence with only 98 units, housed in two architecturally striking 6-7 story towers, meticulously designed by an acoustical engineer for optimal sound quality and tranquility. Nestled alongside the lush Kierland Resort Golf Course, Landmark offers a breathtaking setting with panoramic sunset and city light views. Unit 452 is located in the sought-after Tower II and offers views of Camelback Mountain, city lights and slight golf course. This thoughtfully designed great room floor plan features two spacious, split ensuite bedrooms plus an office/flex space. The gourmet kitchen is a chef's dream, with richly stained cabinetry, granite counters, a gas cooktop, and stainless steel appliances, including a Sub-Zero refrigerator. The adjoining great room, perfect for entertaining, offers an impressive setting where guests can marvel at the views while the sun sets over the valley. Landmark's residents enjoy unparalleled service, including a full-time concierge, a daily porter, and a dedicated engineer to keep everything running smoothly. Safety is paramount, with 24/7 gated security for peace of mind whether you're in town or away. Stay active in one of the two gymsone conveniently located on your floor and another by the pool. For relaxation, Landmark offers multiple gathering spaces both indoors and outdoors, a heated pool and spa, a steam room with lockers, a wine cellar, and a club room with a catering kitchen. Host barbecues in the outdoor area with a pizza oven, or conduct business seamlessly with an on-site conference room. Embrace an elevated lifestyle at Landmark, where luxury, convenience, and breathtaking views come together in one extraordinary place.

42315 N Olympic Fields Court Anthem, AZ 85086

$1,350,000
4 Beds
4.5 Baths
3,770 SqFt
Status Active
MLS # 6783493
Property Type Single Family Residence
Price Type --
One of the most coveted streets in Anthem Country Club, with breathtaking desert & mountain vistas. The dramatic entry leads to formal living area, featuring elegant, curved wall & expansive windows that frame million-dollar views. The kitchen includes stainless GE Monogram refrigerator and dual wall ovens, granite counters, gas cooktop & breakfast bar island. Enjoy spacious, oversized bedrooms, including a Primary Suite with sitting area, dual entry walk-in shower and dual walk-in closets. The fourth bedroom, currently used as a versatile home office with a Murphy bed, includes its own private bathroom and closet. Backyard includes gas BBQ island, PebbleTec spa, extended paver patio & amazing mountain views. Additional features include rain gutters and an epoxy-coated garage floor.

15730 E Greystone Drive Fountain Hills, AZ 85268

$1,350,000
3 Beds
2.5 Baths
3,984 SqFt
Status Active
MLS # 6781756
Property Type Single Family Residence
Price Type --
Beautiful custom 3-bedroom, 2.5-bath home with 3-car garage, motorized security screens, and magnificent mountain views from the back. Walkout basement with two bedrooms and full bath. Entry-level living area, kitchen, powder room, office, primary bedroom with full bath. Two full-length covered back patios. No HOA. Home was professionally remodeled in 2021, adding several high-end features and opening it up so the floor plan flows nicely. Recent exterior paint. Home theater seating, platform, and flat-screen TVs available under separate bill of sale.

5634 E Justine Road Scottsdale, AZ 85254

$1,350,000
5 Beds
3 Baths
2,853 SqFt
Status Active Under Contract
MLS # 6772909
Property Type Single Family Residence
Price Type --
Experience the sophistication of this tastefully remodeled 5BR/3BA residence - a 14,000' lot nestled within one of Scottsdale's most coveted neighborhoods. Refined desert landscaping invites you into an expansive & open floor plan adorned with modern touches, providing warmth and elegance throughout. The sizeable kitchen is a masterwork of style and function highlighted by an impressive central island—perfect for entertaining & culinary pursuits alike. Step outside to a freshly revamped backyard oasis, revealing the best in Arizona outdoor living. A shimmering heated pool with a Pentair control system, built-in BBQ, shaded pergola & multiple lounging areas ideal for large gatherings. Immaculate throughout, this exceptional home places you at the center of Scottsdale's revered lifestyle!

8625 E Clubhouse Way Scottsdale, AZ 85255

$1,350,000
3 Beds
2 Baths
2,416 SqFt
Status Active
MLS # 6770711
Property Type Single Family Residence
Price Type --
Gorgeous Updated home in the Prestigious Guard Gated Pinnacle Peak Country Club Estates. This 3 bedroom 2 bathroom home is meticulously maintained and beautifully updated. The backyard provides a private Oasis for all of you outdoor entertaining. New kitchen, South facing windows and doors as well as new floors throughout, too many upgrades to list, please see attached document. Easy walking to Pinnacle Peak Country Club.

2866 S Petroglyph Trail Gold Canyon, AZ 85118

$1,350,000
4 Beds
3.5 Baths
3,043 SqFt
Status Active
MLS # 6782629
Property Type Single Family Residence
Price Type --
OFFERED FURNISHED & A GOLF MEMBERSHIP TO THE RENOWNED SUPERSTITION MOUNTAIN GOLF & COUNTRY CLUB, A LYLE ANDERSON COMMUNITY W/36 HOLES OF NICKLAUS DESIGNED GOLF W/A FULL PRICE OFFER ($100K value). Splendid Southwest contemporary designed by noted Tate Studio Architects, Luxe RED & Gold Nugget award recipients. Peacefully set on the 15th hole of the Lost Gold Course w/sunset, mountain & desert views. Private 24/7 guard gated community is less than 35 minutes to Sky Harbor & 20 minutes to Mesa Gateway. Golf club hosted 8 nationally televised Champion Tour & LPGA events. Single level & upgraded features 9'+ walls of glass on the much of its exterior taking in views of desert & golf. Its elegant simplicity creates a serene, luxurious environment perfect for entertaining or relaxation. Experience the pinnacle of desert living in this unparalleled property! Nine foot to 13.5' ceilings throughout. All concrete flooring. Trulite custom windows, large glass expanses, and clerestory accents all accentuate this striking modern southwest design. Kitchen and great room flow together creating a lovely setting for family, friends and social gatherings. ZLINE 6 burner gas stove with double ovens, Sub-Zero refrigerator, Cafe dishwasher, trash compactor, pantry. Butcher block countertops. Custom lighting. Kitchen island and breakfast bar. Three ensuite bedrooms/baths and one media room/office. Powder room accommodates the media room. Navien tankless hot water. Oversized 3 car garage with 23' offset bays complimented by a 41' width. Optional 4th car capacity by using a lift. Also, 220 volt charging outlet for EV's.Glimpses of city lights. Community has private streets and roving patrol. Golf club membership is not mandatory but option and is by separate agreement with club ownership. Social memberships also available. Gold Canyon is Arizona's best kept secret featuring low traffic and magnificent mountain views. Pinal county is 76% open space mostly Federal, State, and BLM lands taking the priority of ownership. Only one traffic light separates the residents from the Atlantic and Pacific Oceans via US 60 and the 101 to Sky Harbor! Best location, best value. Where else? Nowhere else but here! Gold Canyon is Arizona's best kept secret.

6312 N 13th Street Phoenix, AZ 85014

$1,350,000
4 Beds
4 Baths
4,072 SqFt
Status Active
MLS # 6786904
Property Type Single Family Residence
Price Type --
An opportunity like this does not come often in Uptown Phoenix! This updated home is the perfect mix of mid century and contemporary living. Vaulted ceilings allow for a light, open feel downstairs and the sellers have retained the home's charms throughout the rehab process. With a bonus pool/game room, loft, and an upstairs guest suite with kitchenette, there are options for a 5th bedroom and flex space. The kitchen has been lovingly updated to include euro cabinets, granite counters, a pot filler, & timeless backsplash. The large yard, extended back patio, pergola, pool and spa make the property perfect for entertaining! With designer features and touches throughout, this home is ready for your personal finishes. Please excuse the dust as the sellers work to make this home yours!

3800 E Lincoln Drive Unit 54 Phoenix, AZ 85018

$1,350,000
3 Beds
2.5 Baths
3,847 SqFt
Status Active Under Contract
MLS # 6787025
Property Type Single Family Residence
Price Type --
Perched on the hillside in exclusive guard gated Estate Antigua, is a lovely home eagerly waiting for new owners to make it their own. Positioned to take advantage of Camelback Mtn and Phoenix Preserve views at every turn. Generously sized rooms with tall ceilings only add to this gracious living space. 3 bedrooms and an office. Workspace and large storage room too. Estate Antigua has 2 sparkling pools as well as tennis and pickleball. Centrally located close to PV, Arcadia and the Biltmore. Hiking and golf at every turn. Perfect lock and leave property. Competitively priced, allowing new owners the opportunity to renovate and create a dream home. Truly a one of kind location in an unparalleled, distinctive community.

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