Home Builder Sentiment Unchanged in November

According to the National Association of Home Builders Housing Market Index for November, builder sentiment was unchanged at a reading of 63. Readings above 50 indicate that a majority of builders are confident about housing market conditions. Readings for three sub-indexes used to calculate the Housing Market Index Readings for builder confidence in current market conditions and market conditions within the next six months were posted at 69. The reading for buyer foot traffic in housing developments was 47. Buyer traffic has not reached the benchmark reading of 50 since the peak of the housing bubble approximately 10 years ago.

NAHB Chair Ed Brady noted that survey information provided by most participating builders was gathered prior to the presidential election. Mr. Brady also noted that Housing Market Index readings have exceeded 60 for the past three months, which indicates slow but steady growth in housing markets.

Analysts: Builder Sentiment and Building Activity Inconsistent

While positive builder sentiment readings seem to contribute to stronger housing markets, analysts pointed out that housing starts are not consistent with high builder sentiment levels. Reasons for fewer home starts than the Housing Market Index suggests include approaching winter weather and ongoing shortages of labor and buildable lots.

Real estate pros count on building more homes (and building them faster) as the only solution to tight supplies of available homes and rising demand. These conditions create highly competitive markets that present obstacles to moderate income and first time home buyers. NAHB said that rising incomes, expanding labor markets and relatively low mortgage rates are fueling demand for homes. While mortgage rates have remained near historic lows, home prices have risen quickly in high-demand areas. This creates affordability challenges for home buyers, who also face strict home loan approval requirements.

3 Month Rolling Averages Show Regional Confidence Readings

NAHB reported its three-month rolling averages according to four regions included in Housing Market Index readings. The Northeast reading was 45; the Midwest region’s confidence reading was 58 and the Southern region reported a reading of 66. The West, which includes high-demand metro areas such as Portland, Oregon and San Francisco, California, had a November builder confidence reading of 77.

Click Here to See What Your Home is Worth

3131 N Central Avenue Unit 3015 Phoenix, AZ 85012

$680,517 - 2Br/2Ba -  for Sale in Edison Midtown Condominiums, Phoenix
Open House
$680,517
2 Beds
2 Baths
1,363 SqFt
Status Active
MLS # 6622404
Property Type Apartment
Price Type --
*Construction Completed* 5% BUYER INCENTIVE! Introducing Edison Midtown Phase 2 with 60 new construction condominiums. This spacious two bedroom plus den condo offers ten ft. ceilings, an open floor plan, and large master bedroom with ensuite bathroom. Chefs kitchen offers expansive cabinetry, quartz countertops and stainless steel appliances including a gas range. Edison Midtown features incredible amenities for that perfect Urbanite lifestyle. A beautiful pool and lap pool, 2000 sq. ft. fitness center and lounge, and gated parking garage.

23058 E Mayberrry Road Queen Creek, AZ 85142

$680,264
6 Beds
4 Baths
2,809 SqFt
Status Active
MLS # 6707596
Property Type Single Family Residence
Price Type --
GREAT ROOM LOFT PLAN WITH MAIN BEDROOM DOWN, 6-BEDROOM, BEAUTIFUL FINISHES! SPA SHOWER IN MAIN, WHITE CABINETS, GRANITE KITCHEN TOPS W/ TILE BACKSPLASH,, GOURMET KITCHEN LAYOUT, UPGRADED CABINETS, UPGRADED VANITIES IN BATHS,, PLANK TILE FLOORING EVERYWHERE, EXCEPT 1 BEDROOM DOWN AND LOFT. ALL THIS, IN THE NEW PREMIER MASTER PLAN COMMUNITY, IN QUEEN CREEK, FEATURING A 22 ACRE LAKE. THIS IS THE CENTERPIECE OF THE COMMUNITY. KAYAKING AND CANOEING, AQUATIC CENTER WITH LAP AND SPORT POOL SPLASH PAD, BOCCE BALL, PICKLE BALL, BOARDWALKS AND RAMADAS THROUGHOUT AND MUCH MORE.. THE HOME INCULDES 2'' FAUX WOOD BLINDS, CEILING FANS, TANKLESS WATER HEATER+++ KATHERINE MECHAM BARNEY SCHOOL IN THE COMMUNITY.

2750 Columbia Lane Overgaard, AZ 85933

$680,000
2 Beds
2 Baths
2,065 SqFt
Status Active
MLS # 6733313
Property Type Single Family Residence
Price Type --
Discover serenity in this stunning home located in a desirable private air park community of northern Arizona. This residence features a chef-like kitchen, elegant wood furnishings, and a versatile loft with a private balcony. Nestled on a quiet cul-de-sac and surrounded by tall pine trees, it offers both privacy and natural beauty. Overgaard is known for its mild summers with relaxing routine monsoon patterns and picturesque winters with white Christmas's! Whether you are looking to hunt, fish, hike, snowboard, ski or just relax on the porch and enjoy the quiet sounds of nature- the possibilities here are endless! Partially furnished and ready for you to move in, this home is the perfect blend of rustic charm and modern comfort. Don't miss out on your visit today!

14235 N 59th Place Scottsdale, AZ 85254

$680,000 - 2Br/2Ba -  for Sale in La Paz At Desert Springs Unit 15, Scottsdale
New
$680,000
2 Beds
2 Baths
1,428 SqFt
Status Active
MLS # 6759426
Property Type Single Family Residence
Price Type --
Located in the desirable 85254 zip code, this updated home offers modern comforts in a serene neighborhood. The expansive backyard—a rare find in this area—boasts a sparkling pool and ample space for outdoor living, perfect for both relaxation and entertaining. Inside, you'll love the recently renovated kitchen and bathrooms, showcasing stylish finishes. The third room, currently used as an office, can easily be converted into a bedroom if desired. Close to Kierland Commons, Scottsdale Quarter, and top-rated schools, this Scottsdale gem won't last long!

1205 N Sunshine Lane Payson, AZ 85541

$680,000
3 Beds
3 Baths
2,548 SqFt
Status Active
MLS # 6750801
Property Type Single Family Residence
Price Type --
Alpine Heights Must See Updated Home situated on a 12000+ sq ft treed lot enhanced with a circular drive way. This 3 bedroom 3 bath home with an extra room perfect for an office offers all new kitchen and bath cabinetry with Quartz countertops. New Luxury Vinyl flooring through out, the blonde and tan color tones are gorgeous. Perfect flooring for many years to come. New baseboards, doors, hardware, lighting, fans and canned lighting, all features that accentuate the abundance of natural light the main level offers with a back drop of trees seen through the windows. Wrap around deck has two entrys into the home with one from the kitchen dining area, easy for outdoor entertaining. The lower level living with office, bath & bedroom connect to the garage with an entry to the back yard. New AC helps keep the upstairs cool in the summer months and a Fireplace for the cooler months. Enjoy the outdoors with the fenced yard for privacy. Don't miss your opportunity to see thsi home Today!

7209 W Larkspur Drive Peoria, AZ 85381

$680,000 - 5Br/3Ba -  for Sale in Catalina Lot 1-98, Peoria
New
$680,000
5 Beds
3 Baths
3,267 SqFt
Status Active
MLS # 6759869
Property Type Single Family Residence
Price Type --
Welcome to this spacious 5-bedroom, 3-bathroom basement home situated in a well-established neighborhood within the highly sought-after Peoria School District. Inside, you'll find a thoughtfully designed floor plan that offers spacious living areas and modern amenities. The main floor features the primary suite along with a guest bedroom and bath, both of which have been recently updated. The finished basement includes a large family room, three additional bedrooms, and another guest bath, ideal for those seeking extra space and flexibility, multi-generational living, or entertaining guests. Step outside to an entertainer's dream backyard. The sparkling pool is perfect for relaxation and enjoyment, while the outdoor kitchen sets the stage for al fresco dining and summer barbecues. The custom playground and inground trampoline are great features for outdoor enjoyment and recreation. The oversized cul-de-sac lot showcases artificial turf in both the front and back yards, enhancing practicality and curb appeal. Additionally, a spacious storage shed in the side yard offers convenient space for tools, toys, or seasonal items. This property is nestled in a desirable community with access to excellent schools and nearby amenities, making it the perfect combination of comfort, functionality, and entertainment. Don't miss the chance to make this your forever home!

17427 N Lindgren Avenue Sun City, AZ 85373

$680,000 - 3Br/2Ba -  for Sale in Sun City 54, Sun City
New
$680,000
3 Beds
2 Baths
2,294 SqFt
Status Active
MLS # 6759962
Property Type Single Family Residence
Price Type --
Location, location, north of Bell Rd and Lindgren. This golf course home with pool features many upgrades. From tiled drive way, cozy front court yard with new aluminum patio, ceiling fan, security door, and ring door bell. This home has many spaces for your hobbies without loosing space to entertain and has great lighting. As you enter will notice the vinyl wood planks through out, and plush carpet in the bedrooms. Remodeled kitchen has lots of cabinets and counter top space, new quartz counter tops, dark grey cabinets with white upper cabinets. Ss appliances including a convection microwave oven, wall convection oven & air fryer. This has a split floor plan with master bedroom having a his and her closet along with a custom tile shower and sliding door to go into the AZ room. Hobby/craft room features built in cabinetry, window shutter, and a custom light fixture. Also has an area for formal dinning or office space. New upgrade can lighting through out the home. The large Arizona room is air conditioned as home has 2 ac units one is 4 years old. You will love the plush berber carpet and all the lighting. Window have been tinted to reduce heat. As you go to the back yard you will love the amazing golf course views and large pool with the easy to upkeep landscaping, turf, and gravel. Side of yard has a new aluminum patio with pavers. Pool pump was recently replaced, new pool vac, and the diesel pool heater has not been in use. Garage has ample storage and has an air conditioned small work shop. You will not be disappointed with this home, as it has so many entertainment areas through out! Solar loan assumption payment of $277 monthly.

6115 S Juniper Street Tempe, AZ 85283

$680,000
4 Beds
2 Baths
2,006 SqFt
Status Active
MLS # 6757230
Property Type Single Family Residence
Price Type --
Welcome to this exceptional home in a prime Tempe location, within the award-winning Tempe School District. Enjoy a convenient commute to ASU, Mill Avenue, entertainment, shopping, and medical facilities, with the high school just a short walk away. Beautifully remodeled in 2022, this home boasts neutral two-tone interior paint & tastefully selected accent wallpaper. Recent updates include roof, 2021 Bosch HVAC system, windows, hot water heater, & designer shutters on the front windows —ensuring this home is move-in ready. As you drive up, you'll appreciate the low-maintenance natural desert landscaping, mature trees, pavers, & excellent curb appeal, enhanced by fresh 2022 exterior paint. Inside, the open & bright floorplan flows seamlessly through the common areas. The built-in entertainment area features a bar, coffee station, & wine cooler, making it perfect for relaxation & gatherings. The chef's kitchen is a standout with new upgraded Café appliances, soft-close Shaker cabinetry, pendant lighting over the peninsula counter, recessed lighting, Quartz countertops throughout, & an easy access pantry. Enjoy lovely views of the backyard through the new windows. The home includes a large master suite with a walk-in closet & a master bath equipped with soft-close vanity, double sinks, & a spacious shower. There are three additional bedrooms, one more bathroom, and a large laundry room with a 2022 Samsung washer & dryer. The garage features a 50-gallon water heater & epoxy floors, with the programable thermostat for the new 2021 Bosch HVAC unit, conveniently located in the hallway. Step through the private master exit to your private oasis backyard, complete with pavers, an extended patio, & multiple tiered garden areas. Additionally, an airconditioned, standalone multipurpose room, ideal for use as a guest room, office, studio, or currently used as a fitness room complete with sauna. This home is spic n span clean & available for a quick close. ALL of this & NO HOA! Come experience the warmth & charm of this inviting home for yourself!

1501 Demerse Avenue Prescott, AZ 86301

$680,000
4 Beds
3 Baths
2,098 SqFt
Status Active
MLS # 6728415
Property Type Single Family Residence
Price Type --
BRAND NEW CUSTOM HOME IN PRIME LOCATION - Currently under construction, with the possibility of the buyer choosing some options! Only a few minutes from historic downtown and a stone's throw from shopping, medical facilities, restaurants, schools and much more, you've found a rare opportunity to own a beautifully appointed new construction home in a well-established Prescott neighborhood. Live on a corner lot that's over a third of an acre and includes unique rock outcroppings. Enjoy single level living in a split, 2098 s.f. floorplan that efficiently utilizes every square foot - with 4 bedrooms, 3 baths, and an open concept central living space perfect for everyday family life as well as entertaining. COMPLETED BUILD AS PLANNED: Spend cozy evenings in the great room; a wood-mantled corner gas fireplace with blower adds both warmth and welcoming ambiance. The gorgeous contemporary kitchen is bright and cheerful in addition to being highly functional: exceptional storage is found in plentiful white cabinetry with lighting, eat-at island, and pantry; easy-care quartz countertops and on-trend tiled backsplash; and classic stainless steel appliances including gas range. Unwind at day's end in a luxurious master ensuite, where dual sinks, large walk-in closet, private commode closet, three linen cabinets, and a spacious, eye-catching glass enclosed shower all make for comfortable sharing. Your secondary bedroom also boasts an ensuite - a lovely feature for guests, extended family, or an elder child. Nicely sized closets in bedrooms 3 and 4. A utility sink, cabinets and counterspace enhance the large laundry room. Thoughtfully chosen interior features throughout not to miss: Shaw vinyl plank flooring, Moen fixtures, and abundant recessed canned lighting in addition to lighted ceiling fans. Outdoor covered seating arrangements are afforded by a front porch plus a back patio. Room to park and tinker in your oversized 2-garage (24'x26'), with a handy service door to the exterior and with pull-down ladder access to ample attic storage. The solid construction is showcased by spray foam insulation in 2x6 walls and roof, highly rated Pella windows, durable Hardie Plank siding, and a tankless Navien water heater with recirculation system to keep hot water at hand. Low-maintenance landscaping is ready for your personalizing touches to create your dream yard. Invest in this delightful gem today!

1860 W Buckhorn Trail Phoenix, AZ 85085

$680,000
3 Beds
2.5 Baths
2,180 SqFt
Status Active
MLS # 6749064
Property Type Single Family Residence
Price Type --
Welcome to your dream home in the highly desirable Fireside at Norterra community in North Phoenix! This stunning residence features soaring ceilings in the main living area, 3 bedrooms, 2.5 baths, a versatile den/office/playroom,& a spacious loft. The luxurious primary suite includes dual walk-in closets & a spa-like bathroom w/dual sinks & a walk-in shower. The well-appointed kitchen boasts espresso cabinets, granite countertops, a large island, a gas stove, & a walk-in pantry. Enjoy North/South exposure w/ expansive land behind for added privacy .Recent updates include a new AC unit (Dec 2023), fresh paint including garage, & new carpet & tile throughout .Outside, artificial turf & pavers finish the backyard, & the home was painted 2 years ago. The large laundry room comes w/ a tub sink, & the washer, dryer, & refrigerator are included. The community offers a heated play pool, splash pool, fitness center, basketball & tennis courts, & nearby hiking trails in the Sonoran Preserve. Don't miss out on this ultimate blend of comfort and convenience!

1620 E Hale Street Mesa, AZ 85203

$680,000
4 Beds
2 Baths
2,287 SqFt
Status Active Under Contract
MLS # 6740871
Property Type Single Family Residence
Price Type --
Step into style with this gorgeously remodeled 4 Bed 2 Bath Mesa gem! From chic luxury vinyl flooring to sleek quartz countertops, every corner of this home shouts modern elegance. The kitchen is a chef's delight with brand-new white recessed cabinets with black hardware, spacious island with breakfast bar, and stainless appliances. A refinished fireplace creates the perfect ambience when hosting friends & family at your large dining table. Off the kitchen you will find a spacious pantry and laundry room with access to the garage making it the perfect drop zone. Both bathrooms have been completely updated with stylish fixtures, new vanities, new mirrors and beautiful tile surrounds. Enjoy the comfort knowing there are brand new energy-efficient windows, a new roof, two new 3-ton AC units, updated wiring, and updated plumbing to name a few. For a full list of upgrades see the Documents Tab. You'll love spending time in the screened in patio on cool Arizona evenings and there is also a workshop & shed perfect for your hobbies! The backyard features brand new artificial turf promising that your yard is green year round. A large sparkling pool with shaded ramada is where you will want to spend all of your summers. There is NO HOA. You are conveniently located near the 101 and 202 Freeways for easy commuting. The A's Spring Training Field is 6 minutes away and the Cub's Spring Training Field is less than 15 minutes away. All of your everyday conveniences are within 10-15 minutes including great eateries, entertainment, and city parks! Plus it is located around the corner from MacArthur Elementary and less than 2 miles from Mountain View High School.

35842 N 14th Street Phoenix, AZ 85086

$680,000
6 Beds
3 Baths
2,870 SqFt
Status Active
MLS # 6732579
Property Type Single Family Residence
Price Type --
Here is your opportunity to own land and enjoy wide open spaces. Amazing mountain views. So many extras on this property - arena for horses, RV gates, storage and a guest house that you must come to see. No HOA so bring your horses and trailers, plenty of room here!

Leave a Reply

Your email address will not be published.