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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224 E Eugie Avenue Phoenix, AZ 85022

$675,000

3 Beds

2 Baths

1,924 SqFt

Status Active

MLS # 6757723

Property Type Single Family Residence

Price Type --

Welcome to this beautifully remodeled single-level showcase home, nestled in the highly sought-after, Moon Valley Community! This nearly 2,000 sq ft gem boasts a wide-open floor plan, perfect for entertaining with family and friends. The kitchen features custom cabinetry, elegant granite countertops, a stylish tile backsplash, and under-mount sink. Throughout this 3 bedroom home, 2 bathroom home, you'll find stunning wood-look tile flooring that enhances the modern aesthetic. Recent upgrades include a new A/C unit (2021), energy-efficient windows (2020), a tankless water heater (2021), and an insulated garage door (2021) and new roof in (2022). Step outside to your private oasis - a large backyard retreat with a sparkling pool with new pool pump (2018), extended covered patio, and plenty of grass space for play, all surrounded by mature landscaping, perfect for outdoor living and entertaining. This home is just minutes from Moon Valley Country Club, scenic hiking trails, top-rated schools, and excellent shopping and dining options. Plan your tour today.

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21462 E Waverly Court Queen Creek, AZ 85142

$675,000

4 Beds

3 Baths

2,803 SqFt

Status Active Under Contract

MLS # 6744316

Property Type Single Family Residence

Price Type --

This home sits on a great lot with no direct neighbors behind! You will love the beautiful plank tile flooring throughout the home. The kitchen features a rich shaker cabinetry w/brush nickel hardware, quartz counters, subway backsplash, stainless appliances and it looks into the spacious family room. Enjoy entertaining family and friends in the warm and inviting dining room! Master bedroom is spacious and features dual vanities, a coffee station area, large shower, and a great walk in closet! Great loft can be used as a second family room/media area or game room! Spacious secondary bedrooms! Awesome laundry room upstairs is a plus! Enjoy the backyard with the sparkling pool, sport court, lots of artificial grass for kids or pets to play and the covered patio! 3 Car Garage, Cul-de-sac lot with long driveway to park vehicles or play games. Awesome subdivision with greenbelts and playgrounds throughout. Excellent Schools and Shopping just a few minutes away.

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4719 E Rockledge Road Phoenix, AZ 85044

$675,000

4 Beds

2.5 Baths

2,342 SqFt

Status Active

MLS # 6727468

Property Type Single Family Residence

Price Type --

Come and see this gorgeous 4 Bedroom 2.5 Bathroom Home with Sparkling Pool and 3 Car Garage located in the popular Desert Breeze neighborhood in the heart of Ahwatukee! The home has been nicely appointed with designer finishes and paint schemes. Recent updates and upgrades include a complete master bathroom remodel in 2023 including a new soaker tub, custom vanity w/ soft close drawers and quartz countertops, new shower with frameless glass enclosure. New AC in 2022, new pool pump and artificial turf in backyard in 2024, all new stainless steel appliances as well as new washer and dryer in 2022 and new water heater in 2021! The home boasts a true pride of ownership through and through! Located in close proximity to excellent shopping, restaurants, and entertainment,. Easy access to numerous freeways and is just a short drive to Sky Harbor Airport and numerous employment corridors. Located in the highly rated Kyrene School District and NO HOA! Come and see this one before it's gone!

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1263 E Brookwood Court Phoenix, AZ 85048

$675,000

4 Beds

3 Baths

2,388 SqFt

Status Active

MLS # 6740181

Property Type Single Family Residence

Price Type --

Rare opportunity. 4 bedrooms plus loft 3 baths home at Rosewood Village in The Ahwatukee Foothills Private Gated Community. Courtyard Entry. Step inside to a Dream Kitchen with gorgeous white cabinets and beautiful countertops. Stainless steel appliances. kitchen island. Pantry Modern Light fixtures. Cozy great room with recess Lights. Neutral wood plank tile floors. Upstairs features Large Main Bedroom and Bath with separate Tub and shower large walking closet Dual Sinks 2nd & 3rd bedroom with walk in closet. Large open loft is great for playroom, Office or create your own custom space. Laundry Room with cabinets. One bedroom and baths downstairs for your guest or office. Shutters throughout the home. Modern ceiling fans. Low maintenance back yard with pavers and artificial turf area. HOA maintains front yard. Steps away from community pool. This area offers access to 202 freeway. YMCA. Shopping, Foothills Park. South Mountain Preserve for those who love to hike. Come take a Look.

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1803 E Dava Drive Tempe, AZ 85283

$675,000

3 Beds

2.5 Baths

2,245 SqFt

Status Active

MLS # 6741645

Property Type Single Family Residence

Price Type --

Beautiful Cul-de-sac Tempe home located in a lake community. This 3 bedroom, 2.5 bath home with a loft is immaculate and move in ready! Many recent upgrades and Vaulted ceilings, plantation shutters and neutral ceramic tile flooring in the right places. The large kitchen includes granite counters, island and ss appliances. All 3 bedrooms and a large loft are located upstairs. The primary bedroom features a fully updated showstopper of bathroom including custom barn doors and a walk-in closet equipped with custom cabinetry. Resort style backyard is a dream, and features include an Aluma wood covered patio, high-end travertine that carries out to surround the sparkling Pebble Tec pool with a custom water feature and new equipment. Lastly take a stroll around the community lake a few steps away from the home. Short list of updates: New HVAC in 2022 New kitchen appliances in 2022 New exterior paint in 2022 Remodeled backyard in 2020 including pool resurface, expansion of pergola and custom travertine. All windows including slider replaced in 2020 with Anderson Windows Interior bathrooms fully remodeled in 2019

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6822 E Portia Street Mesa, AZ 85207

$675,000

4 Beds

3 Baths

2,475 SqFt

Status Active

MLS # 6753509

Property Type Single Family Residence

Price Type --

Located in the sought-after Las Sendas Community, this corner-lot home offers unparalleled privacy with only one neighbor, 4 spacious bedrooms & 3 modern baths. Enjoy breathtaking views of Red Mountain & easy access to Usery & Salt River natural areas, teeming w/ wildlife & stunning Sonoran desert landscaping. The heart of the home - the kitchen, is a highlight with it's 2024 appliances including a refrigerator, dishwasher, range & microwave. Enhanced w/ modern sink faucets, the space is both functional & stylish. Adjacent to the kitchen, the open layout seamlessly connects to the living areas, featuring a cozy fireplace & ceiling fans for added comfort. The home also boasts recent upgrades like engineered hardwood floors, carpet & an R/O system, providing a blend of luxury & convenience. Experience the serene desert lifestyle w/ beautiful sunrises & sunsets from your balcony. Conveniently walk to Las Sendas Elementary, parks, a splash pad & a community pool. This residence offers a perfect balance of tranquility & accessibility.

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1655 S Pecan Circle Mesa, AZ 85202

$675,000

5 Beds

3 Baths

2,275 SqFt

Status Active Under Contract

MLS # 6750956

Property Type Single Family Residence

Price Type --

Welcome to this stunning home in the sought-after Ponderosa Mesa subdivision. Nestled in a peaceful cul-de-sac, this property offers a personal oasis with a sparkling private pool, a covered patio, and a spacious yard perfect for relaxation and entertaining. Inside, you'll find an open floor plan with vaulted ceilings, abundant natural light, and a modern kitchen with updated appliances. The master suite features a generous closet and en-suite bathroom. Enjoy easy access to Phoenix, Arizona State University, and nearby attractions like Mesa Community College and the Desert Botanical Garden. Discover the convenience of nearby shopping, dining, and outdoor activities while enjoying the comfort and privacy of this charming residence.

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2246 E Sheridan Street Phoenix, AZ 85006

$675,000

4 Beds

3.5 Baths

2,226 SqFt

Status Active

MLS # 6746230

Property Type Single Family Residence

Price Type --

Welcome to this stunning, custom home built in 2020. Open concept living and dining is an entertainer's dream with plenty of space for a large table and counter seating. Cozy up to the electric fireplace on chilly days or simply for a cozy atmosphere. Enjoy the grandeur of soaring ceilings throughout, adding an airy ambiance to every room. Your new home features dual primary suites, perfect for multi-generational living or hosting guests. Larger primary suite features an oversized walk-in closet and a sliding door to your covered patio. Step outside to the expansive turf covered backyard, ideal for entertaining. 2-car garage has an epoxy floor, with plenty of storage room. Quiet street close to shopping, entertainment, hospitals and freeway access

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1450 W Sea Haze Drive Gilbert, AZ 85233

$675,000

5 Beds

3 Baths

2,690 SqFt

Status Active

MLS # 6739431

Property Type Single Family Residence

Price Type --

Welcome to the Islands in Gilbert. Offering premier lake views, amenities, and tropical feel. The community comes with 74 acres of lakes, 30 acres of grass and miles of walking/biking trails This rare 5 bed/ 3 bath 3 car garage boasts many upgrades. Including fully remodeled kitchen, cabinets, tiled bathrooms, along with new pool system and plaster. Spacious floor plan is great for all your hosting needs with many restaurants and amenities nearby. You are not just buying a home, you are investing in a lifestyle and premier community. Don't miss out, this is one of a kind!

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25108 W Montgomery Road Wittmann, AZ 85361

$675,000

4 Beds

3 Baths

2,505 SqFt

Status Active

MLS # 6693013

Property Type Single Family Residence

Price Type --

Brand New Traditional Custom Spec being built to perfection! Home to be completed in approx. 2 months! Includes 2 oversized 1-car garages w/ 20X50ft RV garage all nestled on over an acre of flat land w/ awesome mountain views! North/South exposure w/ huge backyard all enclosed by a block wall! Inside home is open & bright w/ modern windows & front door. Kitchen is fantastic w/ island breakfast bar covered in level 3 granite or quartz. Extended front entry leads to a beautiful formal dining room! 2x6 exterior wall construction and loaded w/ upgrades. Spacious bedrooms w/ primary having walk in closet & bathroom w/ double vanity and walk in shower. Additional primary suite/bonus room w/ private bath! This property is located around upscale site built custom homes. No HOA!

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7007 S Sipapu Court Gold Canyon, AZ 85118

$675,000

5 Beds

3 Baths

2,839 SqFt

Status Active

MLS # 6742466

Property Type Single Family Residence

Price Type --

Your patience has paid off! This is the one! This beautiful 2,839 sq/ft home is located in the coveted subdivision of Hermosa Hills in the prestigious Gold Canyon! Tucked away on a massive1/3 acre lot in a very quiet culdesac and backs to State Trust Land so no backyard neighbors! HOA only $54 A YEAR! Upgrades galore! Talk about pride of ownership...The current homeowners left no stone unturned! Enjoy the 5 bedroom PLUS loft. Downstairs bedroom off the garage entrance. The primary bedroom has an outdoor patio that overlooks the mesmerizing and priceless views of the beautiful Superstition Mountains. Tranquility and Peace at its finest! Just minutes away from local shopping, entertainment, multiple award winning golf courses and so much more! This home is true gem!

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72 N Abalone Drive Gilbert, AZ 85233

$675,000

3 Beds

2 Baths

1,939 SqFt

Status Active Under Contract

MLS # 6749126

Property Type Single Family Residence

Price Type --

Welcome to your dream home in a PRIME Gilbert location! This immaculate 2018-built, single-level gem in a sought-after gated community offers 3 beds, 2 baths, and numerous upgrades. The open floor plan features beautiful wood like tile floors, fresh paint, high-quality plantation shutters, new high end fixtures and abundant natural light. ''Chef' s kitchen'' with large island, stainless steel appliances, upgraded cabinets, quartz countertops, and gas Stove/Oven. Enjoy a serene master bedroom with a spa-like custom ensuite. The backyard oasis has travertine pavers, a sparkling pool, and landscape lighting. Additional features include a water softener, reverse osmosis system, a 2-car garage. Situated in a quaint gated community with a park in a PRIME location of Gilbert!

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