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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3131 N Central Avenue Unit 4012 Phoenix, AZ 85012

$678,917 - 2Br/2Ba -  for Sale in Edison Midtown Condominiums, Phoenix
Open House
$678,917
2 Beds
2 Baths
1,419 SqFt
Status Active
MLS # 6599088
Property Type Apartment
Price Type --
*Construction completed* 5% BUYER INCENTIVE! Introducing Edison Midtown Phase 2 with 60 new construction condominiums. This spacious two bedroom+ den condo is one of the larger two bedroom floor plans and 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. Spacious balcony to capture the amazing views while outside as well. 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.

14023 W Monte Vista Road Goodyear, AZ 85395

$678,900 - 5Br/3Ba -  for Sale in Vistas At Palm Valley, Goodyear
Open House
$678,900
5 Beds
3 Baths
2,976 SqFt
Status Active
MLS # 6684108
Property Type Single Family Residence
Price Type --
** Buyers couldn't perform ** Welcome home! This magnificent 2-story residence is awaiting new owners! Offering a 3-car tandem garage, artificial turf, & a cozy front patio. Spacious open layout boasting tall ceilings, plantation shutters, recessed & chic light fixtures & sleek wood-plank tile flooring. Gourmet kitchen provides SS appliances, granite counters, tile backsplash, handsome shaker cabinetry with crown molding, an oversized walk-in pantry & a large island with a breakfast bar. Upstairs, the bright loft is ideal for a family room. The main bedroom has plush carpeting, an ensuite with dual sinks, a soaking tub, a step-in glass shower, & a walk-in closet. Escape to the backyard paradise, highlighting a covered patio, an extended pergola, pavers & a refreshing pool. Visit it now!! Pool was recently inspected by the pool company and everything is running perfectly!!

5009 E Baker Drive Cave Creek, AZ 85331

$678,000
3 Beds
2 Baths
2,286 SqFt
Status Active
MLS # 6696407
Property Type Single Family Residence
Price Type --
BACK ON THE MARKET. BUYER DID NOT PERFORM. This gorgeous single level home in the sought-after community of Tatum Ranch features 3 bedrooms, 2 bathrooms, a 3 car garage and a 1/4 acre lot. It has been impeccably maintained and improved by the current Owners. The spacious floor plan includes an updated kitchen with alder cabinets, granite countertops, stainless steel appliances and an island, perfect for entertaining with family and friends. The adjoining family room with vaulted ceilings looks out to the private backyard with a covered patio. Enjoy the mature fruit and shade trees while relaxing in the huge backyard. The primary suite has a separate entrance and a sitting area. The home only has a neighbor on one side. Parks, walking trails, shopping and schools are all close by

21521 S 215th Place Queen Creek, AZ 85142

$678,000
5 Beds
3 Baths
3,595 SqFt
Status Active
MLS # 6531657
Property Type Single Family Residence
Price Type --
New Carpet and New Interior and Exterior Paint are COMPLETED. Rare To Find. Beautiful Former Model House w/ Private Pool & Basement. Large Adorable Kitchen with lots of Cabinet space and build in desk. 5 Bedroom w/ Den PLUS Large BASEMENT. Grass Front and back yards with private pool. Beautiful Master bedroom with separate walk-in Shower and Spa Tub. Very Low maintenance front and back yard. PLEASE WATCH Video!!

4725 E Grandview Road Phoenix, AZ 85032

$678,000
4 Beds
2 Baths
2,418 SqFt
Status Active Under Contract
MLS # 6739197
Property Type Single Family Residence
Price Type --
Wonderful opportunity to make this conveniently located home yours. Spacious 4Bed/2Bath home with formal floor plan & vaulted ceilings on N/S lot. Roof 2020, HVAC 2020. Eat in kitchen with island, granite countertops SS appliances that opens onto a spacious family room with fireplace. Large bedrooms including primary bedroom with Arcadia door out to back yard, walk-in closet plus an additional closet. Large backyard with covered patio, grass area & diving pool (plaster 2012). Just north of the newly reimagined PV, which will include an expansive central park & community gathering place situated amongst dining, entertainment, & retail experiences. Just minutes from Kierland Commons, Scottsdale Quarter and Westin Kierland Resort and Golf Club as well as the 51 and 101 freeways.

10476 W Harmony Lane Peoria, AZ 85382

$677,990 - 4Br/3Ba -  for Sale in Camino A Lago South Parcel 1, Peoria
Open House
$677,990
4 Beds
3 Baths
2,021 SqFt
Status Active
MLS # 6754249
Property Type Single Family Residence
Price Type --
Our Gorgeous BLUEBIRD MODEL is for SALE!!! This Single level, Beautiful Great Room Floor Plan with TONS of upgrades and interior finishes will be ready for you in November! Just in time for fall gatherings! Our Bluebird offers 4 bedrooms, 3 full baths with an office/den. 10' ceilings 8' Doors- Huge Patio slider with gas range, backsplash, white quartz counter tops with our beautiful white cabinet package, stainless steel appliances, tankless water heater, R/O sleeve, soft water loop, and many more upgrades. Don't miss your opportunity to live in Camino A Lago!

2444 W Rowel Road Phoenix, AZ 85085

$677,475 - 4Br/4Ba -  for Sale in Aster In Union Park, Phoenix
Open House
$677,475
4 Beds
3.5 Baths
2,511 SqFt
Status Active
MLS # 6743070
Property Type Single Family Residence
Price Type --
NEW HOME - DREAM LOCATION! This home at Aster in Union Park includes 2,511 sq ft of living space, 4 bedrooms, 3.5 bathrooms, and a 2-car large garage. Interior design features include Elevated C design upgrades, including 42'' Burlap cabinets, quartz countertops, custom backsplash, large island, 6x36'' tile, stainless-steel gas range kitchen appliances, single bowl sink. All bathrooms have quartz countertops with Kohler undermount sinks. Quality and Energy efficiency includes tankless hot water heater, Tech Shield roof barrier and blown in wet cellulose insulation. EVO smart home technology included. Union Park, residents can indulge in amenities including a pool, clubhouse, playgrounds, pickleball and basketball courts.

44529 N 44th Drive Phoenix, AZ 85087

$677,336
3 Beds
2.5 Baths
2,394 SqFt
Status Active
MLS # 6723522
Property Type Single Family Residence
Price Type --
New home ready for move in. Single-story Calrosa floorplan with Territorial style exterior. This open floor plan features three bedrooms plus a flex room that can serve as a home office, game room or sitting area. The owner's suite has a spacious walk-in closet and bathroom with two separate vanities, separate tub and tiled shower. The spacious kitchen features stainless steel wall oven with gas cooktop, and a large island with ample sitting space. The stylish cabinetry in a creamy white tone is complemented by upgraded quartz countertops and wood color plank tile. Great home with spacious sitting and socializing areas. Home warranty included.

13849 S 179th Avenue Goodyear, AZ 85338

$675,999
4 Beds
2 Baths
2,399 SqFt
Status Active
MLS # 6652406
Property Type Single Family Residence
Price Type --
Welcome to your dream home in the heart of Estrella Mountain Ranch! This high efficiency, turn-key, stunning 4 bedroom 2 bathroom residence comes with a one-of-a-kind, exquisite backyard that backs up to the park. This dream home is complete with an outdoor kitchen, gas fire pit, and gas fire pillars alongside a large Salt Cell Pebble Granite pool. The patio is surrounded by fixed outdoor misters for your comfort in the AZ summers., along with 3 mobile outdoor patio misters to move around at your leisure. This immaculately clean and crisp home has been upgraded with incredible detail. Newly painted interior paint throughout the home (including all closets and kitchen pantry). It's beautifully painted with 4 different shades of calming gray and each bedroom has a tasteful colored accent wall to make the room come alive. Newly upgraded Crystal Ceiling Fans were installed in the master bedroom and master bathroom, Harbor Breeze Ceiling Fans were added to every other room, in addition to a gorgeous modern lighting fixture in the media room. Newly installed Porcelain Wood Tile throughout kitchen, dining, and living room. Upgraded Energy Efficient Plantation Shutters adorn every window, along with custom Energy Saving Solar Screens, and a brand new Goettl 2.5 ton A/C unit accompanied by a new furnace (installed Dec 2023). Upgraded R-38 attic insulation to help lower electricity bills, brand new energy efficient GE kitchen appliances, including a dual convection oven, Kinetico water softener, and new Kinectico R/O Reverse Osmosis System(with 3-year warranty) for great tasting water from the sink. Newly installed commercial stainless steel sink with commercial kitchen faucet and commercial Waste King Garbage disposal. Newly remodeled walk-in guest shower with new Kohler shower head with hand wand upgraded Kohler Santa Rosa compact single flush toilets in both bathrooms along with upgraded Rainhead x-large dual shower head with wand in the master bathroom. A brand new hot water tank was installed on 7/2023. Added digital locks to the back door for safety and convenience, along with upgraded door locks and handles throughout the home, magnetic doorstops were also added to every door for safety. Security glass was added to the front door, along with 2 newly installed Ecobee thermostats with Alexa. The garage door opener was also upgraded to a direct drive. The large den has been converted into an extra bedroom or you can use it for your home office. Too many upgrades to list Must see to experience this perfect home for you and your loved ones. This home won't be on the market for long.

22701 E Saddle Way Queen Creek, AZ 85142

$675,990
5 Beds
3.5 Baths
2,623 SqFt
Status Active
MLS # 6740882
Property Type Single Family Residence
Price Type --
**This is a TO-BE-BUILT LISTING, this home is ready for personalization and can be built on your choice of homesite. This is an advertisement of our base price for this elevation and lot premiums may apply** Welcome to Ashton Woods newest community in Queen Creek - Madera Marquis - which features outstanding community amenities and convenient access to the 24 freeway and shopping. The open concept Diamond plan is highly sought after floorplan with 5 bedrooms and 3.5 baths. Options for structural upgrades include adding a a sixth bedroom, two additional bathrooms, 12'' sliding glass door and so much more. This home includes an open concept kitchen with granite countertops, 42'' upper cabinets, and stainless steel appliances. Amazing spa like primary suite with dual vanities, ample linen storage and separate tub and shower. This floorplan is accompanied by an oversized den and sizable secondary bedrooms with walk in closets. This home comes standard with 9' ceilings, front yard landscaping, paver driveway, and much more! ~There is a minimum option spend requirement on new build homes, please reach out to the sales office for additional details.~

25305 N 75th Lane Peoria, AZ 85383

$675,990
4 Beds
3 Baths
2,219 SqFt
Status Active
MLS # 6751304
Property Type Single Family Residence
Price Type --
Brand new community in North Peoria! This stunning single story home offers 2,219 sq ft of functional living space with 4 bedrooms, 3 bathrooms, and a 2.5 car tandem garage. The open concept kitchen is perfect for entertaining and features an Island, walk-in pantry, and stainless steel appliances. It also offers our Roosevelt Palette which includes sarsaparilla 42'' cabinets, carrara breeze quartz kitchen countertops, white mosaic kitchen backsplash, and 6x24 wood looking plank tile in all the common areas, and brushed nickel plumbing fixtures. The great room offers a 4 panel center sliding glass door so you can step out into your covered patio to enjoy indoor/outdoor living in your backyard with friends and family. This home also features a paver driveway, 8 foot interior doors, soft water loop and much more! Great location close to dining, freeways, parks, and entertainment!

44 N Main Street Unit 175 Greer, AZ 85927

$675,000
3 Beds
2 Baths
1,760 SqFt
Status Active
MLS # 6704028
Property Type Single Family Residence
Price Type --
Call David Newman. LEASE PURCHASE OPTION AVAILABLE Nestled in the serene beauty of Greer, Arizona, this enchanting cabin is one of only three on the Little Colorado River. Enjoy fishing for rainbow trout from your front lawn & watching them swim at night. Kids can tube down the river. In the fall, listen to elk bugling and admire the vibrant leaves. Conveniently located near two restaurants and walking trails, this cabin offers relaxation and adventure. Managed by the Lost Resort, it also generates over $25k income. In 2023, the cabin was updated with Replaced logs, stripped, and Painted exterior New washer and dryer Fresh interior paint New furnace plumbing hardware & water heater Painted and varnished deck All-new linens Fully furnished, this cabin is ready to enjoy or rent come up one in a lifetime.

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