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.

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844 W Flatiron Trail Apache Junction, AZ 85120

$679,990

4 Beds

3 Baths

2,833 SqFt

Status Active

MLS # 6750737

Property Type Single Family Residence

Price Type --

Up to 3% of base price or total purchase price, whichever is less, is available through preferred lender plus additional 3% of base price or total purchase price, whichever is less, is available to be used toward closing costs, pre-paids, rate buy downs, and/or price adjustments. The Ravenna floor plan features a stylish single-story layout with four bedrooms and a versatile flex space, perfect for an office, TV room, or study. Complete with front yard landscaping, this home will be ready for occupancy by October. Ideally located near community parks, grocery stores, and dining options.

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18172 W Devonshire Avenue Goodyear, AZ 85395

$679,900

4 Beds

2.5 Baths

2,322 SqFt

Status Active

MLS # 6751190

Property Type Single Family Residence

Price Type --

Sedella is an RV friendly community where toys are welcomed. This 4-bed, 2.5-bath semi custom home features: PAID OFF SOLAR, BRAND NEW Trane A/C unit installed and OWNED HALO 5 water filtration syst.,Freshly painted inside and out, front & backyard pavers, custom RV gate, Chef's Kitchen Appliances(Thermador), granite counters, oversized island. Great Room offers an outstanding view to the backyard with custom automated shades. Primary Suite has walk in shower & separate vanities. Split Floor plan,vinyl plank flooring in all the right places. Take in the mountain views from the oversized backyard. Enjoy the real grass, beautiful palm trees and evenings sitting around the fire-pit. Mini split in 2 car garage. Custom cabinetry and freshly painted walls in both garages.

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3609 W Summit Walk Drive Anthem, AZ 85086

$679,900

3 Beds

2.5 Baths

2,663 SqFt

Status Active

MLS # 6749025

Property Type Single Family Residence

Price Type --

Best in class Majesty Model, outstanding features abound... Shows like a model. New paint and new wood look tile floor throughout. Great Kitchen with Granite Counters and Huge Island, new gas range, upgraded pullout cabinets and large pantry. From the private gated courtyard entry this home shows like a model! Main bedroom features great walk-in closet, and an upgraded bath with Separate tub and shower and his and hers vanities. This open floorplan features a huge kitchen over-looking the family room. The family room has surround sound in place. A great home office looks out on to the private gated courtyard and make this one of Anthem's best! Did I mention completely paid off solar system...

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13332 W Palo Verde Drive Litchfield Park, AZ 85340

$679,900

5 Beds

3.5 Baths

4,464 SqFt

Status Active

MLS # 6654021

Property Type Single Family Residence

Price Type --

Step into your own haven in Litchfield Park! This exquisite residence, nestled in a prestigious gated community just a stroll away from top-notch schools, welcomes you with open arms. New Turf landscape for both front and rear yards provides for more time to relax with friends and family. The custom leaded glass front door sets the tone for the elegance that awaits inside. Discover a harmonious blend of spacious living and refined aesthetics with 5 generously-sized bedrooms, 3.5 baths, and ample space for the whole family. Revel in the details, from the sleek tile and easy-care laminate flooring, along with a spacious 3-car garage and new RV gate, add a touch of luxury to everyday living. Picture yourself unwinding on the extended patio, overlooking a picturesque backyard oasis complete with a sparkling swimming pool, and breathtaking mountain views. This home is not just beautiful but also functional, boasting an enormous chef inspired kitchen with island, stainless steel appliances and double wall ovens. It's a turnkey masterpiece! The grand main suite is a retreat within itself and deluxe ensuite bathroom with dual vanities, soaking tub and separate shower. Experience the grandeur that awaits in every corner of this remarkable residence! Your dream home is ready for you! Litchfield Park is a picturesque city nestled in the West Valley of the Phoenix metropolitan area. Known for its tree-lined streets, manicured lawns, and a mix of historic and modern architecture, the city offers residents a serene and welcoming environment. The city hosts various events and festivals throughout the year, fostering a strong sense of community among its residents. The Wigwam Resort, a historic landmark in the area, adds to the city's appeal with its luxurious amenities and world-class golf courses. There are countless beautiful parks and green spaces as well as the Wildlife World Zoo, Aquarium & Safari Park, both located nearby, offering an exciting adventure for families and animal lovers. Foodies will enjoy the vast range of dining options from cozy cafes to upscale fine dining.

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4111 E Acoma Drive Phoenix, AZ 85032

$679,900

4 Beds

2 Baths

1,968 SqFt

Status Active

MLS # 6736169

Property Type Single Family Residence

Price Type --

Located on a quiet part of Acoma, this beautifully remodeled home offers a blend of tasteful design and comfortable living. Permitted addition in 2021 includes an open and inviting master bedroom that features a luxurious bathroom equipped with double sinks, a spacious shower, walk-in closet, and water closet. The living and kitchen area is an entertainer's dream with a built-in bar, 12 foot waterfall island, and ample space for gatherings. Step outside to the backyard, ideal for hosting friends and family, that also includes a hot tub. This home was updated with brand new duct work, AC unit, electrical systems, roof, and plumbing, all completed in 2021. This move-in-ready property is perfect for those seeking a stylish and functional living space.

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1412 N Bernard -- Mesa, AZ 85207

$679,900

4 Beds

3 Baths

2,752 SqFt

Status Active

MLS # 6703900

Property Type Single Family Residence

Price Type --

Step into luxury living with this stunning 3-bedroom plus den, 3-bathroom oasis boasting breathtaking mountain views. Nestled in a serene neighborhood, this home offers more than just comfort—it offers an experience. As you enter, natural light floods the spacious den, perfect for a home office or cozy reading nook. Glide into the heart of the home, where a chef's kitchen awaits, adorned with granite countertops, an expansive island, and top-of-the-line appliances. Whether you're whipping up a gourmet meal or hosting a gathering, this kitchen is your culinary sanctuary. Easy access to the 202. Relaxation knows no bounds in the master suite, complete with its own ensuite bathroom and a private patio overlooking the pool and majestic mountains beyond. Two additional bedrooms offer ample space for family or guests, each designed with comfort in mind. Step outside into your personal paradise, where a sparkling pool awaits refreshment on warm summer days. Entertain under the stars on the expansive patio, or simply soak in the tranquil ambiance of the surrounding landscape. Convenience meets luxury with the addition of an RV gate, providing easy access for all your outdoor adventures. Whether you seek relaxation, adventure, or simply a place to call home, this property offers it all. Live the lifestyle you deserveschedule your showing today.

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8351 E Monte Avenue Mesa, AZ 85209

$679,900

2 Beds

2 Baths

2,920 SqFt

Status Active

MLS # 6679154

Property Type Single Family Residence

Price Type --

This Extraordinary home offers wide open living space. Open kitchen to family room to large eating area is entertaining and family orientated. Home also offers a formal dining area. The Double Master Bedroom set up for both family and guests. A third bedroom/den gives even more space when needed. The kitchen has a Breakfast bar, plus an island. Appliances are top of the line Kitchen Aide including the trash compactor. The granite counter tops are beautiful. Upgraded tile flooring with carpet in all the right places. The huge main master is a suit with plenty of room. The home sits on an oversized lot offering the owner to set up a resort style entertaining. Larger two car garage with cabinets & workshop with room to park the golf cart. Sunland Village East Offers loads of activities and events. Low HOA Fee of $825 annually.

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16190 W Granada Road Goodyear, AZ 85395

$679,900

4 Beds

3.5 Baths

2,861 SqFt

Status Active

MLS # 6705327

Property Type Single Family Residence

Price Type --

This is NOT the standard cookie cutter community! This is location in the Gorgeous Palm Valley Community of Goodyear. Unique Modern Cottage Elevation with Stone & stunning architect ** Courtyard Entrance with massive paver sitting area ** Enter into the home foyer to soft neutral paint color ** Sitting area off the main entrance can be used as flex/entertainers area ** Functional Triple Split Floor plan ** Bedroom 1 off the entry has walk in closet ** Large Master Bedroom with access to backyard, Seperate Dual Sink/Vanity, Walk in Shower, Garden Tub, Dual Entry Closet ** Bedroom 3 with Ensuite can be used as a second Master/MIL Suite ** Bedroom 4 sizable with standard closet ** Kitchen area is HUGE nestled with eat in dining area & large great room ** Beautiful Warm Wood Cabinets, Massive Rich Granite Island, Travertine Backsplash, Whirlpool Appliances, Gas Stove with Butlers Area & Walk in Pantry ** Shutters & Ceiling Fans Throughout ** Great Room with 7 point surround sound & Modern Gas Fireplace with heat ** Six Panel Doors & Brushed Nickel Hardware ** Large laundry room located conveniently in the center of the home room to add additional fridge of more storage ** Home has LOTS of storage options ** French Doors to Backyard extended patio, citrus trees, gutters, gas fire pit and seating area, extended paver patio with outdoor kitchen, barbecue grill, fountain water feature, outdoor lighting, custom grass landscape design, private RV gate **

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22834 N 24th Street Phoenix, AZ 85024

Open House

$679,900

4 Beds

2.5 Baths

2,145 SqFt

Status Active

MLS # 6756465

Property Type Single Family Residence

Price Type --

Beautifully updated 2-story home featuring 4 bedrooms, a loft, 2.5 bathrooms, and a 2-car garage. Enjoy the privacy of a gated pool and spa with no neighbors behind. The spacious master suite is filled with natural light and boasts a sliding barn door leading to the ensuite bathroom, which includes dual sinks, a large glass shower, and a walk-in closet. The open-concept family room offers ample living and dining space, flowing seamlessly into the kitchen with an island, stainless steel appliances, counter-to-ceiling tile backsplash, and a large walk-in pantry with a butler's pantry. Additional highlights include a convenient downstairs laundry room with extra storage and unique yellow metal lockers. Located near the shopping & dining of Desert Ridge & High Street, this home is also steps away from Mountain Trails Middle School and Boulder Creek Elementary, both top PV School District school. Move-in ready and designed for modern living!

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4463 Copper Mine Court Wickenburg, AZ 85390

$679,500

3 Beds

2 Baths

1,839 SqFt

Status Active

MLS # 6747101

Property Type Single Family Residence

Price Type --

This gorgeous place is now available for purchase. This is a new upscale turnkey furnished house with over $100k in upgrades, which can accommodate 2-3 couples for a great winter hideaway. Kitchen has gorgeous 42'' cabinets Counter tops are granite. Door to patio is an upgraded 3 part slider providing unobstructed ''forever'' views to the east mountains. Primary bathroom has walk-in shower, Come see this beauty and enjoy all the resort amenities available to all home buyers in Wickenburg Ranch.

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968 S Western Skies Drive Gilbert, AZ 85296

$679,500

5 Beds

3 Baths

3,102 SqFt

Status Active

MLS # 6731733

Property Type Single Family Residence

Price Type --

**HUGE PRICE REDUCTION!! LARGE GILBERT GOLF COURSE LOT! Experience luxury living in this large 5 bedroom, 3 bath home overlooking the 10th hole of the Western Skies Golf Course, just 3 miles from the San Tan 202 freeway. Enjoy the pebble tech pool with a rock waterfall and scenic golf course views. Updated kitchen, features custom cabinets, granite countertops, a massive island, stainless steel appliances, & a walk-in pantry. Home comes with an enhanced & transferable, Home Warranty Protection plan, which covers ALL Appliances, Plumbing, HVAC equipment, & much more! The home boasts tile flooring, vaulted ceilings, & a formal dining area. The spacious Owners suite has 2 walk-in closets & soaking tub. Home also boasts 4 large bedrooms upstairs. The den downstairs can be a 5th bedroom.

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16938 W Virginia Avenue Goodyear, AZ 85395

$679,500

2 Beds

2.5 Baths

2,074 SqFt

Status Active

MLS # 6740851

Property Type Single Family Residence

Price Type --

This beautiful Alora Model home has mountain views and is located in the gated PebbleCreek resort community! The home has many upgrades including landscaping, window coverings, water softener, R/O water system, ceiling fans and more! This gorgeous ranch style home features 2 bedrooms, 2.5 bathrooms and a den! As you walk into this home you will notice the 11ft ceilings in the great room, the 42'' upper cabinets, quartz counter tops and stainless appliances. This home also includes plank tile flooring, LED lighting, a gas firepit in the backyard, golf cart garage. The bathroom has quartz countertops and a huge walk in closet. PebbleCreek offers three 18-hole golf courses, 2 clubhouses with fitness centers, multiple restaurants and bocce, tennis and 36 pickle ball courts.

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