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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1325 Tanglewood Road Prescott, AZ 86303

$550,000

4 Beds

3 Baths

2,139 SqFt

Status Active Under Contract

MLS # 6775016

Property Type Single Family Residence

Price Type --

Set amidst the Ponderosa Pines in the highly desirable Haisley Homestead neighborhood, this tastefully updated single-level home is the perfect Prescott retreat. Featuring two ensuite bedrooms, this home has been beautifully upgraded throughout. Enjoy new luxury vinyl plank flooring in the main living areas, and freshly carpeted bedrooms for added comfort. The countertops have been replaced with a stylish mix of Corian and quartz, paired with fresh two-tone paint, five new solar tubes, modern light fixtures, and kitchen upgrades. The HVAC system was replaced five years ago, and a new roof was installed within the last couple of years, ensuring peace of mind for the new owners. The potential for dual master suites makes this an ideal getaway for families looking to escape the valley heat. The home boasts a large driveway with extra parking, in addition to the two-car garage with built-in storage shelves. Haisley Homestead is located just a mile from Prescott's new Bean Peaks Mountain Bike Park at White Spar Campground, offering nearby access to hiking trails in the Prescott National Forest, including the picturesque Goldwater Lake trail. The backyard features a covered patio, perfect for transforming into your own private escape with additional landscaping. A single-level home with four bedrooms, a two-car garage, and all the amenities of southwest Prescott at this price point is a rare find. Plus, enjoy a reasonably priced HOA that includes access to a swimming pool, tennis, and pickleball courts. Located within 5 minutes of Prescott's downtown courthouse square, this wonderfully maintained home is ready for you to make it your own!

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2478 N Earle Drive Flagstaff, AZ 86004

$550,000

3 Beds

2.5 Baths

1,762 SqFt

Status Active Under Contract

MLS # 6772135

Property Type Townhouse

Price Type --

Welcome to this perfectly placed townhome in the peaceful, tree lined neighborhood of Elk Run. This property has been well manicured from the small details inside to the pristine landscaping outside. Enjoy updated kitchen and bathrooms with granite countertops. Fresh exterior paint - including the decks! NEW ROOF! New furnace in 2020. With the beautiful weather Flagstaff offers, you will be pleased with the TWO private decks. 3-bedrooms with a versatile loft, great for additional family room or office space. Open concept family room on main level. Snow removal covered by the HOA making winter time a breeze! Bear Paw, the pools, pickleball, tennis, and gym are all part of the country club amenities included in your very inexpensive annual HOA Dues. Nearby Trails and Oakmont restaurant.

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1290 E Bobcat Drive Munds Park, AZ 86017

$550,000

3 Beds

2 Baths

1,485 SqFt

Status Active Under Contract

MLS # 6770846

Property Type Single Family Residence

Price Type --

Nestled in the gorgeous Munds Park, this 3 bedroom 2 bath A-frame home has stunning wood vaulted and beamed ceilings. A loft that overlooks the great room with beautiful stone fireplace. Watch the weather and wildlife through the floor to ceiling windows from the coziness of your home. Primary bedroom and bathroom are upstairs creating a more private spot. The large deck is the perfect spot for an outdoor living space and great gatherings. With the trails, just minutes away, you'll want to bring all your outdoor toys. 2 storage sheds are perfect for store some of those toys. Don't miss out on this one, this is the home away from home you've been waiting on!

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9908 S 43rd Avenue Laveen, AZ 85339

$550,000

3 Beds

2 Baths

2,220 SqFt

Status Active Under Contract

MLS # 6774848

Property Type Single Family Residence

Price Type --

Wonderful 3-bedroom home + DEN w/eye-catching porch! The 3-car garage, extended driveway, & RV gate/parking provide plenty of parking space. A welcoming iron gate opens to the ample courtyard. Inside, you'll find fresh paint, surround sound speakers, a gas fireplace, tile flooring, & a luminous great room that merges all areas for easy entertainment. Gourmet kitchen has SS appliances, a walk-in pantry, granite counters, an island w/breakfast bar, & wood cabinets. Discover a main retreat featuring French doors to the backyard & a newly remodeled bathroom w/two vanities & a soaking tub. The sizable den w/own entry from the courtyard can be easily used as the 4th bedroom, office, yoga studio, etc. Out the back, you'll see an extended covered patio, refreshing pool, & firepit area. Must see!

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7005 E Russell Street Mesa, AZ 85207

$550,000

3 Beds

2 Baths

1,756 SqFt

Status Active Under Contract

MLS # 6774932

Property Type Single Family Residence

Price Type --

**Beautifully Upgraded Single-Level Home in Las Sendas!** Welcome to this freshly updated 3-bedroom, 2-bathroom home in the desirable Las Sendas community. Recent upgrades include new paint throughout, elegant laminate floors, and stylish light fixtures in every room. The kitchen features brand-new quartz countertops, a new microwave, and an island, making it perfect for casual dining and entertaining. It opens up to a cozy family room with a gas fireplace, ideal for relaxing evenings. The flexible front room can serve as an office, formal dining, or creative space. The master suite includes a walk-in closet, dual sinks, a soaking tub, and a walk-in shower. Two additional bedrooms share a full bath. Enjoy the convenience of an inside laundry room and a 2-car garage. Step outside to a newly landscaped private backyard, perfect for outdoor gatherings. Located close to the community's pools, spas, splash pad, tennis and pickleball courts, and the top-rated elementary school. Las Sendas offers a gated golf course lifestyle with parks, sport courts, and activities for all ages. Easy access to hiking, biking, shopping, and the 202 freeway makes this an ideal location!

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5559 E Gable Avenue Mesa, AZ 85206

$550,000

3 Beds

2 Baths

1,848 SqFt

Status Active Under Contract

MLS # 6771547

Property Type Single Family Residence

Price Type --

This beautiful, one-owner, Fulton home in Stonegate is waiting for you! You will fall in love with the amazing custom kitchen features a massive dual fuel GE Monogram stove, new Stainless refrigerator, stunning wood cabinetry, and stainless steel appliances, which overlooks the living room with a custom tiled gas fireplace, built-in cabinetry, and large windows offer a view of the electric heated pool with fountains. The spacious primary bedroom boasts custom wooden shutters and a vaulted ceiling. The primary bathroom welcomes you with heated tile floors, a custom tiled shower, and a freestanding soaking tub. The resort-like backyard features a gorgeous tile deck, citrus trees and heated pool. Come see all the incredible features of this must-see home!

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3237 W Glenrosa Avenue Phoenix, AZ 85017

New

$550,000

6 Beds

3 Baths

2,928 SqFt

Status Active

MLS # 6787792

Property Type Single Family Residence

Price Type --

This unique block single story open floor plan home that showcases 6 bedrooms, 3 bathrooms sits on an unbelievable 19,602 square foot lot is ready for all your decorating and remodel ideas. This is a terrific opportunity for investors or buyers looking to create their perfect home. The home an unheard of size lot for the area and has many mature citrus trees and huge grass backyard with RV gates and driveway to store all your entertainment toys!

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4591 E Sundance Avenue Gilbert, AZ 85297

$550,000

4 Beds

2.5 Baths

2,120 SqFt

Status Active Under Contract

MLS # 6772931

Property Type Single Family Residence

Price Type --

Are you looking for a home in Power Ranch on a larger lot with some open space behind it? This beautiful home backs to a community park and has a large backyard with mature trees, new artificial turf lawn and new patio pavers. Power Ranch has long been one of the most desirable communities in Gilbert because of the abundance of community features such as community center, parks, lakes, sport courts and more. New plush carpet was just installed upstairs in all bedrooms and hallway. Lots of recent updates such as stove, dishwasher and all new garage door opener. A living and dining room with vaulted ceiling welcomes you upon entry while the large family room, kitchen and sunny breakfast nook are in back. This one won't last long because of its PRIME location backing to a park.

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5255 N Peach Lane Pine, AZ 85544

$550,000

2 Beds

2 Baths

1,426 SqFt

Status Active Under Contract

MLS # 6781018

Property Type Single Family Residence

Price Type --

Tucked away among the whispering pines, this charming cabin invites you into its warm embrace with a delightful covered patio. Every corner of this beautifully reimagined retreat exudes comfort, from the inviting indoor spaces to the serene outdoor living areas. You'll find hickory floors sweeping gracefully throughout, while the living room captivates with its elegant stack-stone fireplace, cozy window seat, and soaring vaulted tongue-and-groove ceiling. The kitchen beckons with granite counters and a handy pantry for all your culinary needs. Venture upstairs to discover a snug loft, perfect for leisurely afternoons or perhaps an additional sleeping nook. The main level houses a quaint bedroom and bath, while the upper level offers a second bedroom and bath for added privacy. Have delightful gatherings or simply unwind on the spacious, wrap-around Trex deck, enveloped in nature. A chain-link fenced yard ensures a safe haven for kids and pets to play, while a garden area, fruit trees, two storage sheds, a dog run, and RV hook-ups cater to your every need. The oversized two-car garage not only accommodates your vehicles but also features a workbench, laundry hook-ups, and a convenient half-bath. With central heating and AC, this cozy haven promises year-round comfort and tranquility.

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3417 N Kalarama Avenue Scottsdale, AZ 85251

$550,000

3 Beds

2 Baths

1,458 SqFt

Status Active Under Contract

MLS # 6784285

Property Type Single Family Residence

Price Type --

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12610 N 45th Drive Glendale, AZ 85304

$550,000

5 Beds

2 Baths

2,697 SqFt

Status Active Under Contract

MLS # 6785080

Property Type Single Family Residence

Price Type --

Welcome to your dream home, where modern upgrades meet timeless comfort. Boasting 5 bedrooms, a versatile den, and 2 bathrooms, this property offers the space and functionality you've been searching for. Step inside to discover a thoughtfully designed layout, perfect for families or hosting guests. Recent upgrades enhance the charm and convenience of the interior, creating a move-in-ready haven. Outside, the resort-style backyard steals the show. Dive into relaxation in the updated pool, surrounded by a stunning travertine pool deck that exudes elegance and durability. The low-maintenance synthetic grass ensures you spend more time enjoying the yard and less time working on it. Gather under the gorgeous gazebo, complete with an outdoor kitchen. New roof 2022 + a plethora of more updates are listed in the documents tab.

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1036 W Tepee Street Apache Junction, AZ 85120

$550,000

2 Beds

2.5 Baths

2,000 SqFt

Status Active

MLS # 6767747

Property Type Manufactured Home

Price Type --

Nestled on a spacious 1.25-acre corner lot, this charming property offers a unique blend of comfort and functionality! The city water and septic are already in place, plus the option to easily connect to the sewer within 100 feet. Enter to find a fully furnished interior with a bright great room, a large family room, 2 bedrooms, 2.5 bathrooms, a bonus room that can easily be used as the 3rd bedroom or an office, and an attached workshop. The kitchen has all appliances included, ample counters, and wood cabinets. Recent upgrades have given this home a fresh feel, with the floors redone in 2023, the walls refreshed in the same year, and a steel and foam roof redone with two coats in September 2024! Discover a main bedroom boasting a walk-in closet and a private bath with a jetted tub. Oversized laundry room features washer, dryer, utility sink, and ceiling fan. Outside, the flat lot is highly functional, free from washes, with impressive mountain views and lots of space for storage.This lot is completely flat with no washes running through it. Equestrian enthusiasts will appreciate the 5 fully shaded 20x20 stalls with water and electric connections, plus 2 turnout areas. Additionally, there's a 30 & 50-amp RV hookup with water, making it ideal for visitors or long-term RV parking. Excellent property with room to grow and a well-prepared space for horses!

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