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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9641 E Indiana Avenue Sun Lakes, AZ 85248

$475,000

2 Beds

2 Baths

1,409 SqFt

Status Active

MLS # 6695852

Property Type Single Family Residence

Price Type --

Choosing to purchase this home would be like moving into a new build, but with the benefit of an INCREDIBLY RELAXING landscaped yard on a private, corner lot in a well-established neighborhood. Whether you're a winter visitor or full-time resident, you'll love living in THIS remodeled home. This 2 bd/2 ba model is on the smaller side of those offered in Sun Lakes, but the1409 sf floor plan feels spacious and functional. You won't need any more square-footage. Three skylights and large picture windows throughout add to the open feel. Some highlights of the remodel include all new wood-look laminate flooring (no carpet anywhere), new baseboards, new interior paint, new ceiling fans and light fixtures in every room, new kitchen cabinets w/Quartz countertop and backsplash, new LG S/S appliances, a newer A/C, a new roof and gorgeous new bathrooms to include a curbless shower in the primary bath. Rather than list them all here, please refer to the DOCUMENTS tab for a complete list of the room-by-room features. The 50+ photos attached will take you on a digital tour that is sure to entice you into a personal visit. Thanks for stopping by!

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30596 W Mitchell Drive Buckeye, AZ 85396

$475,000

4 Beds

3 Baths

2,684 SqFt

Status Active

MLS # 6658563

Property Type Single Family Residence

Price Type --

NOW OFFERING $5K IN SELLER CONCESSIONS AND OWNED SOLAR!!! Immerse yourself in the serenity of this well-maintained home in the Sonoran Desert. This captivating single-story retreat is nestled within the close-knit Tartesso community. The highly sought after Onyx floor plan boasts 4 bedrooms, 3 bathrooms, and a study perfect for an office. Upgrades to the home include: wood plank porcelain tiles, stainless steel appliances, and OWNED water softener. The oversized, tranquil, and professionally designed backyard is an entertainer's delight. Enjoy the majestic White Tank Mountains with its hiking trails and breathtaking vistas. Just minutes from the I-10, you can explore the vibrant Phoenix metropolitan area at your leisure.

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4747 W Sunnyside Avenue Glendale, AZ 85304

$475,000

3 Beds

2 Baths

2,048 SqFt

Status Active

MLS # 6659231

Property Type Single Family Residence

Price Type --

The search is finally over! Welcome to this lovely single level residence nestled in Glendale. Discover an inviting interior showcasing gleaming wood floors, designer color palette and a charming fireplace ideal for relaxing during cozy nights at home. The well-appointed kitchen boasts wood cabinetry, sleek granite counters, stylish mosaic backsplash, double wall oven and built-in appliances. All bedrooms feature private outdoor patio access. Bathrooms have been updated and are absolute masterpieces featuring granite counters, travertine and tile! Spend relaxing afternoons along with your loved ones in the quaint yard, offering mature lush landscaping, open patios, detailed granite concrete work and beautiful citrus trees! This is one you don't want to miss!

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2118 W Carson Road Phoenix, AZ 85041

$475,000

3 Beds

2 Baths

2,181 SqFt

Status Active

MLS # 6701533

Property Type Single Family Residence

Price Type --

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4138 E Orchid Lane Gilbert, AZ 85296

$475,000

4 Beds

2.5 Baths

1,990 SqFt

Status Active

MLS # 6695793

Property Type Single Family Residence

Price Type --

Discover the perfect blend of comfort and style in this stunning single-family home located in the highly sought-after THE GARDENS community in Gilbert. Boasting 4 bedrooms and 2.5 bathrooms, this residence offers the ideal backdrop for modern family living. Step inside and be greeted by the beautifully updated open-concept living, dining, and family rooms. Light gray tile plank flooring graces all traffic areas, creating an inviting and contemporary atmosphere. New window coverings and updated electric outlets, along with modern lighting fixtures, add a touch of elegance to every space. Bright open kitchen, featuring pristine white cabinetry, a convenient island, and stainless steel appliances. Primary suite on the second level, complete with a spacious walk-in closet and extended sink bathroom vanity. Newer AC unit and a gas water heater, ensuring your comfort and convenience year-round. Grassy shade covered backyard, It's the perfect space to unwind after a long day. THE GARDENS community is truly unique, with its tree-lined streets, 11 parks, 3 sparkling pools, sand volleyball courts, basketball courts, and an abundance of scenic walking paths. It's a neighborhood designed for an active and vibrant lifestyle. Conveniently located near the 202 freeway, top-rated schools, and the popular San Tan Village shopping district, you'll have everything you need just moments away. Don't miss out on the opportunity to make this beautiful home yours today. Act quickly, as homes in this prime location don't stay on the market for long! Come and see it soon! *****Temporary 1-0 Buydown offered by preferred lender for qualified buyers.*****

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1521 N Victor Drive Prescott, AZ 86301

$475,000

3 Beds

2 Baths

2,400 SqFt

Status Active

MLS # 6673728

Property Type Single Family Residence

Price Type --

Discover the perfect blend of rustic elegance and modern comfort in this 3-bed, 2-bath log cabin home. Boasting 2400 sqft, this amazing cabin offers an updated kitchen, ideal for entertaining. Step onto the expansive back deck to soak in breathtaking panoramic views of Prescott and Prescott Valley. With so many possibilities this home could be great for families, rental property, or a second home. Within minutes to shopping and medical. The potential in-law suite adds versatility, while the home's thoughtful features include a newer roof (2016), enhanced drainage work, and an upgraded electrical panel. Experience energy efficiency with owned solar panels, ensuring sustainability and savings. This Prescott gem is your gateway to cozy mountain living and endless Arizona skies.

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16218 N 99th Drive Sun City, AZ 85351

$475,000

2 Beds

2 Baths

1,886 SqFt

Status Active

MLS # 6675810

Property Type Single Family Residence

Price Type --

Breathtaking views and gorgeous sunsets on this Riverview Golf Course location! Overlooking what feels like your own pond is this 2 bedrooms, 2 bathroom home, formal dining, nice size den, family room, plus a bonus area for your office or storage and large front room for gatherings. New windows through out, open and bright Arizona room overlooking the course. Large front patio with pergola and pergola also extended over front parking. Home is in good condition and ready for its new owner.

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11237 N 49th Drive Glendale, AZ 85304

$475,000

4 Beds

2 Baths

1,952 SqFt

Status Active

MLS # 6675792

Property Type Single Family Residence

Price Type --

This block home as a new roof, new dual pane windows, new water heater, new garage door and motor, new pool heat pump for your heated pool along with pool motor, new water softener, fridge and dishwasher. There is a good sized living room off the entry and formal dining. The kitchen has granite tile countertops with backsplash, white cabinets, tile flooring, deep kitchen sink with upgraded faucet, and recessed lighting. The family room has a large exposed wooden beam a fireplace and mantle leading to a covered backyard patio with a heated pebble tec pool with diving board. The master bedroom is very spacious with a walk-in closet. The home does have leased solar with a $149 monthly payment that the seller will pay off at closing. Community park with playground, tennis courts, and basketball courts right down the street

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695 Pauley Drive Prescott, AZ 86303

$475,000

3 Beds

2 Baths

1,636 SqFt

Status Active

MLS # 6676443

Property Type Single Family Residence

Price Type --

Under $500K...AND less than a mile from the Courthouse Plaza! Charming 3 bedroom, 2 bath with great views, mature trees. Recently renovated with New Flooring, Carpet, Interior Paint, Central AC, a Bonus/Shop/Hobby Room in a 2-Car Garage, and more! Enjoy the coziness of your Wood Burning Fireplace and the serenity of the Creek from your back deck...all tucked away on a quiet cul de sac.

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18449 W Piedmont Road Goodyear, AZ 85338

$475,000

3 Beds

2 Baths

1,998 SqFt

Status Active

MLS # 6677574

Property Type Single Family Residence

Price Type --

Fantastic Estrella Mountain Ranch home with a beautiful, open floorplan by Engle Homes. Homesite has plenty of room between neighboring homes. Solar panels are owned. 3 bedrooms,2 bathrooms, 2 car garage with 3rd bay (can easily be changed back) currently a craft room. Formal dining room also can be a den. Kitchen has plenty of cabinet space, stainless appliances, and island. Backyard is entertainer dream with heated pool and waterfall, covered patio, outdoor fireplace, built in BBQ, and plenty of space for Fido.

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17462 W Straight Arrow Lane Surprise, AZ 85387

$475,000

4 Beds

2 Baths

2,126 SqFt

Status Active

MLS # 6683810

Property Type Single Family Residence

Price Type --

Great price for a great floorplan with a 3-car wide garage and RV gate! Upgraded kitchen has a gas cooktop, wall oven and microwave. Reverse osmosis water filter. Extra cabinets in the dining area. Cabinets in the large laundry room that is pre-plumbed for a sink. Master bedroom is very spacious. Tankless, gas hot water heater. Energy efficient and never run out of hot water! Water softener. Extra wide lot has an RV gate that is perfect for a trailer or extra vehicle storage. Back yard is large and undone. Nothing to tear out to make your dream yard! Huge grassy park is one house away. Excellent community pool if you don't want your own. NO SOLAR! You don't have to get stuck with a lease you don't want! This home is ready for your personal touches to make it what you want!

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5814 W Evergreen Road Glendale, AZ 85302

$475,000

4 Beds

2 Baths

2,129 SqFt

Status Active

MLS # 6681166

Property Type Single Family Residence

Price Type --

No HOA, plenty of room for toys. GREEN HOME CERTIFIED - SAVE over $50,000 in energy costs over 10 years, $375 per month! 4 bedroom 2 bath with pool. Remodeled baths, newer kitchen cabinets, AC replaced in 2023, newer hot water heater, keep utility bills lower with Solar loan with fixed payments. Large diving pool 2.5 car garage, nice landscaped backyard with covered patio, and large storage shed in a great location just minutes from ASU West, Hwy 17, Grand Canyon University.

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