NAHB: Builder Sentiment Improves in August

Buyer Beware: 4 Common Problems Home Sellers Try to HideAccording 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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1007 W Canyonlands Court San Tan Valley, AZ 85140

$469,000
4 Beds
3 Baths
2,443 SqFt
Status Active
MLS # 6694828
Property Type Single Family Residence
Price Type --
Welcome home! This highly desirable cul-de-sac, fabulous two-story abode is about to be yours! Once inside, you'll immediately notice the harmonious open floor plan graced with bountiful natural light and tile flooring. Spotless kitchen is equipped with plenty of espresso cabinets, recessed & pendant lighting, built-in appliances, a handy pantry, and a center island with a breakfast bar. Head upstairs to discover the sizable loft complemented by built in wraparound desk and a wall-mounted fireplace to keep you warm during cooler months. Romantic main bedroom includes plush carpet, an ensuite with dual sinks, and a walk-in closet. Finally, the generous-sized backyard with its covered patio, lovely gazebo, hot tub and artificial turf is the right spot for unwinding or gatherings. This gem is the one you're looking for!!

13578 W Cypress Street Goodyear, AZ 85395

$469,000
3 Beds
2.5 Baths
2,024 SqFt
Status Active
MLS # 6696334
Property Type Single Family Residence
Price Type --
Experience luxury living in this 3-bedroom, 2.5-bathroom home nestled within a secured gated golf community. Step inside to discover an expansive floor plan adorned with ample natural light. The spacious living area offers comfort and elegance , perfect for entertaining guests or unwinding after a long day. Retreat to the primary suite boasting a lavish ensuite bathroom and generous closet space. Two additional bedrooms provide versatility for guests. A separate home office space is ready for you to use in the upstairs loft. Step outside to stunning golf course views in the backyard. With access to community amenities and the convenience of a gated environment, this property offers the epitome of upscale living.

546 S 199th Drive Buckeye, AZ 85326

$469,000
4 Beds
3 Baths
2,151 SqFt
Status Active
MLS # 6687707
Property Type Single Family Residence
Price Type --
**SELLER CREDIT OF $12,000 TOWARD CLOSING COST OR BUY-DOWN RATE** *HOME WARRANTY* Fall in LOVE with this charming home in Blue Horizons! Offering 4 beds, 3 baths, 3-car tandem garage, & a well-manicured landscape. Discover an inviting interior that features a designer palette & wood-look tile flooring t/out. Ideal for those who love to entertain, this gem's open layout ensures seamless & enjoyable gatherings! Main bedroom has a tray ceiling, a walk-in closet, and an ensuite with dual sinks & a separate tub/shower. Versatile den can be an office or reading nook! There is also a storage room for added convenience. Outback, you have a covered patio, Gazebo, well-laid pavers, & artificial turf. Move-in ready

37228 N Canter Street San Tan Valley, AZ 85140

$469,000 - 4Br/3Ba -  for Sale in Archer Meadows - Parcel 1 2019105995, San Tan Valley
Open House
New
$469,000
4 Beds
3 Baths
2,027 SqFt
Status Active
MLS # 6702653
Property Type Single Family Residence
Price Type --
Welcome to resort-style living in beautiful Archer Meadows in San Tan Valley! This fantastic gated community has all the amenities to keep you engaged, including a community pool, clubhouse w/gorgeous kitchen, outdoor lounge areas & grilling stations, cornhole, disc golf, workout facility & more. HOA allows RV parking, so come park your toys on this generous lot w/RV gate. Step inside this charming abode and be greeted by a spacious floor plan w/ one bedroom w/en suite bath just off the front door, perfect for a home office or out of town guests. The stylish kitchen is a chef's delight, featuring granite countertops, stainless steel appliances w/gas range, large island w/bar seating, and ample cabinet space for all your culinary needs. Relax and unwind in the calming master suite, w/ en-suite bathroom and a generous walk-in closet. Additional hall bedrooms share another bathroom, plus there's a flex room that's great for hang outs, playdates, jam sessions, whatever fits your needs. Outside, discover your own private oasis w/ lush artificial turf, offering a low-maintenance yet picturesque landscape all year round. Embrace the Arizona sun and reduce your carbon footprint with the rooftop solar panels, providing sustainable energy solutions and significant savings on utility bills. Secure your private time today!

11437 N Coggins Drive Sun City, AZ 85351

$469,000 - 3Br/3Ba -  for Sale in Sun City 4 Lot 1-115, Sun City
Open House
New
$469,000
3 Beds
2.5 Baths
1,766 SqFt
Status Active
MLS # 6702382
Property Type Single Family Residence
Price Type --
SPECTACULAR remodeled home on the golf course**Come see what your dream home feels like! This beauty offers a spacious open floorplan with exquisite design and modern upgrades throughout in the heart of Sun City 55+ community. Meticulously updated offering the perfect blend of style and functionality. Whether you enjoy relaxing indoors or entertaining guests outdoors, this home has it all.**Key Features are-Chef-sized kitchen with new cabinets galore-New sleek appliances-Oversized kitchen island for meal prep and casual dining-Custom pergola back patio overlooking the golf course-Primary bedroom offers a large walk-in closet for ample storage and luxurious walk-in shower and modern bathtub for a spa-like experience in the primary bathroom-Convenient laundry room inside the home-Updated fixtures and finishes throughout give you a complete contemporary look. New roof for peace of mind and great curb appeal-Serene views of the golf course and surrounding greenery. Don't miss this opportunity to own a piece of paradise in Sun City. See it today and make this beautifully remodeled home yours!

13128 W Avenida Del Rey -- Peoria, AZ 85383

$469,000 - 3Br/2Ba -  for Sale in Rancho Cabrillo Parcel F, Peoria
Open House
$469,000
3 Beds
2 Baths
2,213 SqFt
Status Active
MLS # 6678584
Property Type Single Family Residence
Price Type --
Gorgeous former model home, clean and move in ready! Upgraded carpet and tile flooring. Kitchen is equipped with granite countertops , large island, gas range, pantry, and extended cabinetry. Living/formal room and Office! Split floor plan, large Primary suite and 3 car Tandem Garage. Refrigerator, washer and dryer convey. Large covered patio and beautifully landscaped front and backyard with great Privacy.

13022 W Castlebar Drive Sun City West, AZ 85375

$469,000 - 2Br/2Ba -  for Sale in Sun City West Unit 18, Sun City West
Open House
$469,000
2 Beds
2 Baths
1,953 SqFt
Status Active
MLS # 6682344
Property Type Single Family Residence
Price Type --
Price Reduced to $469,000!!! This updated home is located on a scenic double fairway of Briarwood Golf Course in the low-tax area. The backyard features a covered patio - perfect for enjoying a sunrise and coffee while watching golfers at play. The kitchen offers multiple dining options including a breakfast bar and an eat-in area with golf course views. You will notice newer appliances, cabinets, and countertops. The master suite has double sinks, a newly tiled shower, and a spacious walk-in closet. Recent renovations: knockdown ceilings, fresh paint, newer carpet in the bedrooms, interior doors, modern light fixtures and ceiling fans, new bathroom vanity tops, sinks, faucets, and stunning tiled showers. The large laundry room is a potential office space with existing cabinets in place Sun City West, Arizona, is renowned for its extensive range of amenities tailored to active adults, offering a variety of recreational centers each with its unique facilities. Here's a summary of the amenities provided by each of the main recreation centers in Sun City West: 1. R.H. Johnson Recreation Center Social Hall: A hub for community gatherings and events. Swimming Pools: An outdoor pool with a lazy river walking path, water aerobics, volleyball, and lap swimming. Fitness Center: Equipped with modern exercise equipment. Tennis Courts: Several courts for tennis enthusiasts. Racquetball Courts: For those who enjoy a fast-paced indoor sport. Pickleball Courts: A growing favorite among residents. Miniature Golf: A fun, leisurely activity for all ages. Outdoor Amphitheater: Hosts concerts and other outdoor performances. Arts and Crafts Clubs: Facilities for ceramics, woodworking, stained glass, and more. Library: A wide selection of books and reading areas. Bowling Alleys: Modern facilities for bowling enthusiasts. Outdoor Courts: Bocce ball, Lawn Bowling Dog Parks: A large and small dog park. 2. Palm Ridge Recreation Center Swimming Pools: Features both indoor and outdoor pools. Fitness Center: Well-equipped for various workouts. Tennis Courts: High-quality courts for players. Pickleball Courts: Multiple courts to accommodate the popular sport. Club Rooms: Spaces for clubs and group meetings. 3. Beardsley Recreation Center Swimming Pool: A beautiful outdoor pool for laps and leisure. Fitness Center: Offers a range of exercise equipment. Club Rooms: Available for various club meetings and activities. Miniature Golf Course: Adds a touch of fun with a challenging layout. Arts and Crafts: Facilities for creative pursuits like pottery and fine arts. 4. Kuentz Recreation Center Swimming Pool: An inviting outdoor pool for residents. Fitness Center: Keeps residents active with a variety of equipment. Tennis Courts: For both casual and competitive play. Softball Field: A well-maintained field for games and tournaments. Arts and Crafts: Including woodworking and painting studios. Stardust Theatre: A venue for plays, musicals, and other performances. Outdoor Courts: Bocce ball, cornhole, and horseshoe pits Additional Facilities Across the Centers: Golf Courses: Sun City West has seven beautifully maintained golf courses. Clubs: Over 100 Clubs including Woodworking, Auto Restoration, Metal Shop Walking Tracks: Scenic paths for leisurely strolls or brisk walks.

13256 N 38th Place Phoenix, AZ 85032

$468,999
3 Beds
2 Baths
1,240 SqFt
Status Active
MLS # 6643265
Property Type Single Family Residence
Price Type --
Welcome to this breathtakingly remodeled home, a true gem that blends modern luxury with unparalleled convenience. Situated just a mile east of SR 51, this home offers swift access to major roads and urban amenities. A short stroll down the street leads to the lush expanses of Indian Bend Park, providing a perfect setting for outdoor recreation and relaxation. Perfect for New Beginnings. This home isn't just a residence; it's a lifestyle choice. Whether you're looking for a peaceful family haven or a vibrant social hub, this property caters to all. It is the perfect way to start your new year in style.

18755 E Elizar Drive Gold Canyon, AZ 85118

$468,995
3 Beds
2.5 Baths
2,070 SqFt
Status Active
MLS # 6695197
Property Type Single Family Residence
Price Type --
Entrada del Oro in the Superstition Mountains: A serene desert escape with breathtaking, rugged beauty. Perfect for sunrise and sunset admirers.

40258 W Michaels Drive Maricopa, AZ 85138

$468,995
4 Beds
2 Baths
2,370 SqFt
Status Active
MLS # 6695514
Property Type Single Family Residence
Price Type --
You'll find plenty to love about the Raleigh plan! The center of the home boasts a large gourmet kitchen with a convenient center island and walk-in pantry, which flows into an open-concept dining room and great room. The owner's suite is adjacent, with a private bath and a walk-in closet. There are three additional bedrooms and a bath off the great room and off the entry is a private study. Outside, enjoy your corner lot and large covered patio!

18740 E Elizar Drive Gold Canyon, AZ 85118

$468,995
3 Beds
2.5 Baths
1,930 SqFt
Status Active
MLS # 6679862
Property Type Single Family Residence
Price Type --
Entrada Del Oro..... Entrance to Gold! Charming 3BR/2.5BA home! The back yard offers picture perfect views of Superstition Mountains and is the ideal place to enjoy evening sunsets. Beautiful Laminate flooring throughout with carpet in the bedrooms, kitchen comes with GE kitchen appliances & Quartz counter tops, two tone interior paint. The front yard comes desert landscaped and driveway is complete with pavers, make this home yours today!

19551 W Cambridge Avenue Buckeye, AZ 85396

$468,995
4 Beds
3 Baths
2,070 SqFt
Status Active
MLS # 6688597
Property Type Single Family Residence
Price Type --
Explore this thoughtfully designed Slate home, ready for quick move-in on a homesite boasting front yard landscaping and driveway pavers. Included features: an inviting covered entry; an impressive kitchen layout offering 42'' cabinets, stainless-steel appliances, quartz countertops, a center island and a roomy pantry; an open dining area; a spacious great room; a lavish primary suite showcasing a generous walk-in closet and a private bath with cultured marble countertops; a convenient laundry; a covered patio and a 2-car garage. This home also offers stone tile flooring, additional windows and ceiling fan prewiring in select rooms.