Home Builder Index Dips in January

January’s National Association of Home Builders Housing Market Index dipped two points from December’s revised reading of 69 to 67;  the index reading forecast for January was also 69.Analysts said that January’s reading was the second highest (after December 2016) since the peak of the housing bubble in 2005. January’s dip in builder sentiment was attributed to easing of builder enthusiasm, which spiked right after the U.S. presidential election. To put January’s home builder confidence reading in context, NAHB says that any index reading over 50 indicates that more builders than fewer have confidence in housing market conditions.

NAHB Sub–Index Readings for January

Three sub-index readings are used in compiling the NAHB Housing Market Index reading. Builder confidence in current housing market conditions fell three points to 72; builder confidence in housing market conditions over the next six months fell two points to 76. Builder confidence in buyer traffic in new housing developments dropped one point to 51.

Builders surveyed continued to cite the cost of new lots for development and the lack of skilled labor as obstacles to higher builder confidence.

After releasing January’s index readings, the NAHB said that while January’s readings were lower than those for December, a majority of builders have expressed confidence that the new administration will reduce regulatory pressure on home builders. NAHB also cited home builder concerns over mortgage rates, which rose nearly a percentage point in November and December before falling. Despite ongoing concerns, builder sentiment has steadily improved over time. On average, builder confidence averaged a reading of 61 in 2016 against 2015’s average reading of 59 and the 2014 average reading of 52.

Builder Outlook Seen as Key to Easing Home Shortage

Real estate and mortgage pros have consistently said that building more homes is necessary to ease the ongoing shortage of available homes. NAHB’s Housing Market Index is closely followed as a benchmark of home builder confidence. Higher builder confidence in current and future housing market conditions is viewed as a potential indicator of home building activity, but housing starts have not been uniformly allied with builder confidence.

Shortages available homes creates high demand creates concerns for potential buyers seeking affordable homes. Rapidly rising home price, particularly in high demand metro areas, have sidelined buyers who cannot compete against buyers making cash offers on homes with rapidly escalating prices.   For more information give me a call – J.P. Cook – 602-320-4253.

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560 S 197th Avenue Buckeye, AZ 85326

$550,000

4 Beds

3 Baths

2,369 SqFt

Status Active

MLS # 6767143

Property Type Single Family Residence

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Welcome to your dream home! This stunning four-bedroom, three-bathroom residence combines rustic charm with modern luxury. With captivating beamed ceilings and breathtaking mountain views, you'll experience tranquility just minutes from major retail areas. The four well-appointed bedrooms provide ample space for family and guests, each with large windows that let in plenty of light The spacious gourmet kitchen features a high-end gas range and elegant tile floors. Cozy evenings await in the living room, where large windows flood the space with natural light. This home offers a paid off solar system and great savings. Step outside to a covered patio perfect for entertaining, complete with a gas fire pit for cozy nights. Golf enthusiasts will love the three mini putting greens.

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11352 E Starkey Avenue Mesa, AZ 85212

$550,000

3 Beds

2 Baths

2,234 SqFt

Status Active

MLS # 6769404

Property Type Single Family Residence

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Gorgeous 3 bedroom home presents wonderful curb appeal with paver walkway and meticulous landscaping and 2 car garage. Front room offers a formal living room and a seating area for relaxing. Great room layout encompasses the family room with gas fireplace, kitchen and dining area. Open chef's kitchen is equipped with stainless steel appliances, pantry, tons of cabinet/counter space and a breakfast bar. Escape to the master suite featuring large window seat and walk-in close. Spa like master bathroom boasts dual vanities, large garden tub, tiled walk-in shower with a seat and a second walk-in closet. Step out back onto the extended covered, paver patio to enjoy the beautiful, tropical-like backyard featuring artificial grass and lush landscaping providing extra shade. A true oasis!

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11083 W Burnett Road Sun City, AZ 85373

$550,000

3 Beds

2 Baths

2,034 SqFt

Status Active

MLS # 6769241

Property Type Single Family Residence

Price Type --

**HUGE PRIVATE RESORT STYLE BACKYARD** WITH STUNNING **SALTWATER POOL** GAZEBO** THIS ONE HAS IT ALL** BEAUTIFULLY UPDATED** WOOD LOOK TILE FLOORING** UPGRADES EVERYWHERE** NEW APPLIANCES** GAS STOVE** NEW WINDOWS** NEW AC-2 years** PLANTATION SHUTTERS** WATER SOFTENER** MURPHY BED IN GUEST ROOM** NEWER WATER HEATER **GIGANTIC SUN ROOM WITH AC NOT INCLUDED IN SQ FOOTAGE **OWNED SOLAR MEANS NEXT TO NOTHING UTILITY BILLS**HIGHLY ACCLAIMED 55+ COMMUNITY **WITH 30 ACRES OF WINDING FULLY STOCKED LAKES** NON-MOTORIZED BOAT RECREATION **FOUR CLUBHOUSES **COMMUNITY POOLS **PLETHORA OF CLUBS AND GROUPS** SPORT COURTS **MOVE RIGHT IN AND LIVE THE LIFE YOU HAVE DREAMED!**

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22870 W Sunset Lane Congress, AZ 85332

$550,000

3 Beds

2 Baths

1,933 SqFt

Status Active

MLS # 6771222

Property Type Single Family Residence

Price Type --

Don't let the lot size fool you! This easy to manage horse property is strategically set up to accommodate horses, LQs and RVs. Step into the warmth of this enchanting home where every room whispers tales of tradition and heritage. The home is the perfect size for a full time retreat or a winter get away. With wooden beams and handcrafted accents, this home is unlike any other. Enjoy picture perfect sunsets as you unwind in the front courtyard. Out front is a red barn with water and electric offering endless possibilities for horse enthusiasts or those seeking additional storage. The property does have income potential and is turn key. It is fully fenced with an electric gate and all pens have automatic waterers. A portion of the turnouts can be removed and enlarged into a riding arena or

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18429 W Robin Lane Surprise, AZ 85387

$550,000

4 Beds

2.5 Baths

1,989 SqFt

Status Active

MLS # 6774539

Property Type Single Family Residence

Price Type --

Beautiful 4 bed + den, 2.5 bath RV GARAGE home in Surprise's North Copper Canyon. The original owners upgraded just about everything, including extending the attached RV garage to 48 FEET! The designer kitchen includes upgraded cabinets, granite countertops, stainless steel appliances, an apron sink, a giant island with loads of storage, and a walk-in pantry! Wood-look tile floors flow throughout the open floor plan, with plush carpet in the bedrooms. The primary bathroom includes double sinks, a walk-in shower, and a large walk-in closet. RV garage is 48 feet long, 14' Tall Front door and includes a 10' garage door leading to the backyard. There is also an RV gate for additional toy parking! The backyard has a gorgeous fully covered pergola with cafe lights perfect for entertaining!

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2978 Glenview Drive Sierra Vista, AZ 85650

$550,000

3 Beds

2.5 Baths

2,373 SqFt

Status Active

MLS # 6774663

Property Type Single Family Residence

Price Type --

This is a beautifully remodeled home in Winterhaven that is totally handicap accessible to include zero entry, pocket doors, special shower with seat and high toilet, and tile floors throughout the home. The completely remodeled kitchen includes a counter with sink that raises and lowers by motor and makes the perfect prep station. You'll find all new tile floors, new windows, remodeled kitchen custom cherry cabinets and granite counters, along with high end appliances, automated window coverings, new HVAC, water treatment system, new tile roof and owned solar system. There's a water feature out back along with a covered patio, built in grill, astroturf for the puppies to play, established landscaping and an awesome view of both the golf course and Huachuca Mtns. This is a Beauty!

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2303 S 337th Avenue Tonopah, AZ 85354

$550,000

4 Beds

3 Baths

2,200 SqFt

Status Active

MLS # 6776063

Property Type Single Family Residence

Price Type --

Coming Soon! A stunning, to-be-built home awaits! This brand-new 4 bed, 3 bath residence features not one but two master bedrooms and comes complete with an RV garage . Set on over an acre of horse property, this split-floor plan gem offers a perfect blend of modern upgrades and convenience, all just 7 minutes from the freeway. NO HOA.

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11002 W Holly Street Avondale, AZ 85392

$550,000

4 Beds

3 Baths

2,569 SqFt

Status Active

MLS # 6777931

Property Type Single Family Residence

Price Type --

BEAUTIFUL TRI-LEVEL HOME IN CRYSTAL GARDENS! THIS HOMES MAIN LEVEL FEATURES LIVING/DINING ROOM * LARGE EAT IN KITCHEN WITH ISLAND, PANTRY,UPGRADED CABINETS, GRANITE COUNTER TOPS AND BACK SPLASH, INSET LIGHTING. THE KITCHEN OVERLOOKS THE FAMILY ROOM. LOWER LEVEL HAS POWDER ROOM, LAUNDRY ROOM WITH CABINETS AND EXIT TO 3 CAR GARAGE PLUS A WATER SOFTENER. UPPER LEVEL HAS LAMINATE FLOORS THROUGHOUT. THE PRIMARY SUITE HAS A SEPARATE SHOWER AND TUB, DOUBLE SINKS, PRIVATE TOILET ROOM, WALK IN CLOSET WITH BUILT IN CLOSET ORGANIZER. THE HUGE BACKYARD IS PERFECT FOR ENTERTAINING WITH MATURE LANDSCAPING GAZEBO, SPARKLING POOL, SPORT COURT, RV GATE AND MUCH MUCH MORE! YOU HAVE TO SEE THIS HOME TO APPRECIATE ! MOVE IN READY! TOO MANY UPGRADES TO MENTION.

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41581 W Somerset Drive Maricopa, AZ 85138

$550,000

5 Beds

3 Baths

2,521 SqFt

Status Active

MLS # 6775776

Property Type Single Family Residence

Price Type --

This beautiful 5-bedroom, 3-bathroom, 2-car garage home is located in the sought-after Glennwilde community in Maricopa. The home has two floors and covers 2521 SqFt of space. **It features a solar system, a large pool, a heated spa, and a low-maintenance backyard with artificial turf and citrus trees. *The kitchen has granite countertops and the flooring is laminate plank throughout. The windows in the home was replaced with low energy has Solar The Glennwilde community also offers two heated pools for your enjoyment the home is close to Pacana Park with its amenities. Dog Park, Playground, Basketball, Baseball, Tennis, Fishing Pond, etc.

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27709 N 23rd Drive Phoenix, AZ 85085

$550,000

4 Beds

2.5 Baths

2,045 SqFt

Status Active

MLS # 6776809

Property Type Single Family Residence

Price Type --

Welcome to this beautiful 4-bedroom residence situated in Dynamite Mountain Ranch! Tastefully renewed interior features tile flooring, fresh neutral palette, and soaring ceilings in the harmonious living & dining room. HUGE great room bathes in abundant natural light & seamlessly connects to the back patio through sliding glass doors. The kitchen comes complete with recessed lighting, built-in appliances, a center island with a breakfast bar, granite counters, recessed lighting, and plenty of cabinetry topped with crown moulding. Spacious main retreat boasts plush carpet, vaulted ceilings, an ensuite with dual sinks, and a walk-in closet. Easy-care backyard has a covered patio where you can enjoy peaceful mornings or relaxing evenings. This urn-key gem is ready to be called home!

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1505 W Lynwood Street Phoenix, AZ 85007

$550,000

3 Beds

2 Baths

1,420 SqFt

Status Active

MLS # 6777036

Property Type Single Family Residence

Price Type --

This charming 3-bedroom, 2-bathroom home in central Phoenix combines classic appeal with modern amenities. The spacious living area features natural light and a cozy atmosphere, perfect for family gatherings. The well-equipped kitchen offers updated appliances and ample storage. Each bedroom provides a comfortable retreat, while the bathrooms are tastefully designed for convenience. The backyard is a delightful outdoor space, ideal for entertaining or relaxing. With its prime location, this home is just minutes from local shops, parks, and dining, making it a perfect choice for both families and professionals.

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2349 W Del Campo Circle Mesa, AZ 85202

$550,000

4 Beds

2 Baths

1,586 SqFt

Status Active

MLS # 6779561

Property Type Single Family Residence

Price Type --

Very nice home, Includes 3 bedrooms plus a small room and 2 bathrooms, current owner has kept this home in a very good shape, Master bedrooms has an addition. Lots of kitchen cabinets, tile flooring through out, a big grassed back yard perfect for entertaining, 2 car garage, RV gate, with a RV parking place. Close to City of Tempe, I-101, I-202 & I-60 freeways, ASU and restaurants.

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