NAHB: Builder Sentiment Improves in August

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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26335 W Tina Lane Buckeye, AZ 85396

$474,900

2 Beds

2 Baths

1,851 SqFt

Status Active

MLS # 6658044

Property Type Single Family Residence

Price Type --

Come see what living in Arizona is meant to look like! Resort living in a beautiful model like home in the Arizona desert! Breathtaking sunsets and balmy winter weather come with this 2 bed/2ba plus den 1850 sq ft home. Stainless steel appliances, upgrades galore and a whole house water filtration system come with this tastefully decorated home that boasts tile flooring throughout most of the bright and open floorplan and is on solar for year long savings! Desert design landscaping ensures minimal yard work. Built in grill and outdoor firepit make for great entertaining or escape with a book to your private courtyard. Get away from it all without getting away from it all! Sun City Festival is the premier 55+ Active Adult community in Phoenix's Northwest Valley, offering resort-style living in single-story homes. Sun City Festival is the perfect place to pursue your passions or find new ones. The community features two recreation centers, resort-style pools and spas, fitness centers, group fitness studios, outdoor patios, and an indoor walking track. Tee off at the 27-hole golf course managed by Troon Golf® or create a masterpiece in the woodshop and crafts studio. You can also play pickleball, bocce and tennis.You'll find world-class amenities right in your own backyard and for those wishing to venture out, additional shopping and ammenities are only a short drive away.

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6056 E Helios Drive Florence, AZ 85132

$474,900

5 Beds

3 Baths

2,725 SqFt

Status Active

MLS # 6660709

Property Type Single Family Residence

Price Type --

ATTENTION! THIS HOME HAS AN ASSUMABLE LOAN AT A FIXED RATE OF 3.25% WITH A MONTHLY PAYMENT OF $1,893.62. CALL FOR DETAILS!! Beautiful newer home with Pool located in the highly desirable Magic Ranch community. Prime lot with North, South Exposure and a sparkling pool in back! Featuring many upgrades such as 9' ceilings, Shaw Ceramic Tile Floors, Granite countertops in the kitchen. Whirlpool Stainless steel appliances and white cabinetry. Spacious walk-in closet in owner's suite! The backyard features a generous covered patio, extended pavered patio, beautiful pool and pergola to protect you from the sun. Minutes from hiking trails and scenic mountain views! Neighborhood Park, greenbelts, playgrounds and covered picnic tables. Located near Queen Creek, highly rated schools, shopping, dining and aquatic center.

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16420 N Thompson Peak Parkway Scottsdale, AZ 85260

$474,900

2 Beds

2 Baths

1,338 SqFt

Status Active

MLS # 6673472

Property Type Apartment

Price Type --

Seller offering $5000 credit towards buyers closing costs for carpet allowance or mortgage rate buy down. Unique end unit with Camelback & City lights views! Split floor plan, windows across the back to capture light and those McDowell mountain views. 2 bedrooms, 2 baths - split floor plan. 1 car garage. Gated neighborhood. New flooring throughout (2022), new granite kitchen & bathroom countertops, frameless shower door in primary bathroom. All new appliances (2017). Kitchen breakfast bar updated and lowered! Great room floor plan with fireplace w/ accent wall to the ceiling and plenty of room for your sectional and dining room table. High ceilings. Perfect for a full-time resident or someone looking for a lock and leave property. 1 car garage, no other parking for an owners second car in the development (only guest parking). Only mins to Westworld entertainment/events, fine dining, golf, hiking trails, and much more. Award-winning McDowell Mountain Ranch has a large range of luxury amenities within the community and nearby including two recently renovated community parks, community center featuring pickleball, heated pool and spa, splash pad, basketball court, large grass area, and tennis courts. McDowell Sonoran Preserve and trail system, McDowell Mountain Golf Club, City of Scottsdale Aquatic.

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5350 E Deer Valley Drive Phoenix, AZ 85054

$474,900

2 Beds

2 Baths

1,246 SqFt

Status Active

MLS # 6676898

Property Type Apartment

Price Type --

Experience resort-style living in this stunning 2 bed, 2 bath luxury condo at Toscana in Desert Ridge. Prime location near dining, shopping, golf, and Mayo Clinic. NEW SHOWERS,WATER HEATER AND AC UNIT! Open-concept floor plan, gourmet kitchen, spacious master suite, office, balcony, and gas fireplace. Includes 2 underground parking spots, 24/7 security, and access to 3 pools, clubhouses, and fitness centers. Live the ultimate lifestyle near JW Marriott, High Street, and Desert Ridge Marketplace. Welcome to paradise!

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1350 S Greenfield Road Mesa, AZ 85206

$474,900

4 Beds

2.5 Baths

1,750 SqFt

Status Active

MLS # 6677598

Property Type Townhouse

Price Type --

Become the proud owner of this lovely 4-bed, 2.5-bath townhome in Tesoro at Greenfield! Discover an inviting great room with high ceilings, a neutral palette, blinds for privacy, and durable tile flooring. The kitchen boasts polished granite counters, abundant white cabinetry with crown moulding, sleek built-in appliances, a mosaic tile backsplash, a pantry, and a two-tier peninsula with a breakfast bar for casual dining. Relax after a long day in the main bedroom, offering direct backyard access, a private bathroom, and a walk-in closet. The serene backyard is complete with a covered patio, stylish pavers, and low-maintenance artificial turf. Don't let this opportunity pass you by!

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4232 W Anderson Drive Glendale, AZ 85308

$474,900

3 Beds

2 Baths

1,858 SqFt

Status Active

MLS # 6686488

Property Type Single Family Residence

Price Type --

Welcome to this charming 3-bedroom 2 bath + den/office home with an RV gate in an NO HOA. Which means opportunity to make it a short term rental, airbnb, etc... As you step inside you will discover wood-look flooring that complements the vaulted ceilings. Living room welcomes you with its cozy ambiance, while the great room, adorned with wall niches, offers a serene space for relaxation. Lovely kitchen boasts white cabinetry, built-in appliances, glossy counters, and a center island with a breakfast bar. Spacious main bedroom is a retreat with a versatile sitting room that doubles as an office, a private bathroom, and a walk-in closet. Then you step out to the backyard which includes a covered patio and a quaint chicken coop. The generous space is also ideal for installing a pool or for your creative landscaping ideas. This gem of a home offers a delightful living experience and awaits your personal touch. Come and see it for yourself!

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1417 W Thunderbird Road Phoenix, AZ 85023

$474,900

3 Beds

2 Baths

1,940 SqFt

Status Active

MLS # 6684852

Property Type Single Family Residence

Price Type --

Situated in the subdivision of Moon Valley Gardens, this ranch style home offers panoramic mountain views to both the front and back of the property. The living room, hallway, and one bedroom were recently updated with new carpeting. Tile and laminate flooring flows seamlessly throughout the rest of the home. The kitchen is well-appointed with Silestone countertops, complemented by an attractive backsplash, select glass front upper cabinetry, stainless steel appliances, a gas stove, and a pantry. Additional features include an oversized laundry room and an attached storage room, providing ample storage space. The outdoor space is equally welcoming, with a covered patio and a gas fire pit. You will love the outdoor kitchen with a flagstone bar and a gas BBQ grill. It's the perfect spot to enjoy the mountain views while entertaining guests. This property also features a large storage shed with workshop space. Conveniently located in a sought-after neighborhood, this home is close to hiking, schools, shopping centers, and great dining options. Did I mention, No HOA! Come and experience this beautiful home firsthand! **This home DOES NOT front Thunderbird Road. There is a walled privacy frontage road. Easy peasy access in and out and total privacy from the main road.**

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15631 W Bethesda Court Surprise, AZ 85374

$474,500

3 Beds

2 Baths

1,889 SqFt

Status Active

MLS # 6651863

Property Type Single Family Residence

Price Type --

Price Improvement!! Stunning Palo Verde Model complete with all the bells and whistles! New Roof, Owned Solar, New HVAC, New Windows, New Exterior Paint, Cool Deck on Driveway, Walkways and Patio. Interior Upgrades, including SS Appliances...just move right in! Don't miss this excellent opportunity to live in a Premier 45+ Community! Priced far below market value!

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1522 W Hadley Street Phoenix, AZ 85007

$474,500

4 Beds

2 Baths

1,540 SqFt

Status Active

MLS # 6675363

Property Type Single Family Residence

Price Type --

Home, sweet home! Comfort meets convenience in this fully fenced 4-bed, 2-bath residence in Phoenix! You are greeted by the large & bright living room graced with tile flooring in all the right places. The impeccable eat-in kitchen features recessed lighting, ample white cabinetry, built-in appliances, a handy pantry, and glossy granite counters. The sizable primary bedroom offers a walk-in closet for all your belongings and a private bathroom with a combination of shower & tub. PLUS! Secondary bedrooms provide well-sized closets. The 2-car garage includes attached cabinets. In the spacious backyard, you'll find a storage shed and an RV gate. This gem won't disappoint you! Hurry before it's gone!

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4514 S Nageli -- Mesa, AZ 85212

$474,374

3 Beds

2.5 Baths

1,509 SqFt

Status Active

MLS # 6594720

Property Type Single Family Residence

Price Type --

*NEW CONSTRUCTION* Home is move-in ready!! This three-bedroom home with 2.5 bathrooms has everything you need! Features include gas appliances. The home has painted, gray shaker cabinets with hardware. Quartz counter-tops in the kitchen along with a beautiful back-splash. Natural wood-like tile throughout the downstairs and upgraded Berber carpet upstairs. The home has a split floor-plan creating privacy to the primary bedroom. Comes with a lovely covered patio. Upstairs has cabinetry for extra storage with quartz top. Laundry room has upgraded cabinets. Mission railing upstairs and downstairs as well as window coverings.

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7300 E Earll Drive Scottsdale, AZ 85251

$474,000

1 Bed

1 Bath

864 SqFt

Status Active

MLS # 6607436

Property Type Apartment

Price Type --

Welcome to Inspire on Earll, a gated community perfectly situated in the heart of Old Town Scottsdale putting you incredibly close to some of the best restaurants, stores, galleries, and more! At home, you'll enjoy this ground level single bed & bath corner unit with one of the few large, oversized outdoor back patios in the complex, and with only one neighbor. Beautiful white shaker cabinets and quartz counter are accented by a gray subway tile backsplash and stainless steel. You and your guests can relax by the pool with shaded Ramada area, firepit, and hot tub, or take advantage of other community amenities such as the fitness center, lounge area, ping pong table, and outdoor grill. Most furniture is available on a separate Bill of Sale. Don't miss this opportunity!

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2376 N Nicklaus Drive Mesa, AZ 85215

$474,000

2 Beds

2 Baths

1,640 SqFt

Status Active

MLS # 6620997

Property Type Single Family Residence

Price Type --

This home offers 2 bedrooms 2 bath PLUS a den. It has a split master bedroom floor plan. Patio is plumbed with natural gas for outdoor grilling. Also has gas range and water heater. Walk in pantry in kitchen plus pullout shelves. The garage has beautiful cabinets for closed in storage. There are 4 solar tubes throughout the house. Call to see this house today.

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