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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7617 N 13th Street Phoenix, AZ 85020

$675,000

4 Beds

2 Baths

2,664 SqFt

Status Active

MLS # 6709676

Property Type Single Family Residence

Price Type --

Welcome to your dream home in one of the most desirable neighborhoods of North Phoenix! 3/2+den, PREFERRED LENDER TO BUY DOWN INTEREST AT NO COST TO BUYER! this stunningly remodeled residence offers the perfect blend of luxury and convenience. Step inside to discover over 2,600 sq/ft of meticulously designed living space. This home is basically brand new!! With new a/c unit, including duct work. electrical wires,and panel, new plumbing, flooring, cabinets, bathrooms, Kitchen, Everything!! The expansive Great Room is an entertainer's paradise, featuring an open layout that seamlessly connects to the modern kitchen and dining area. Every inch of this home has been thoughtfully remodeled with exceptional attention to detail. From the premium finishes to the stylish fixtures.

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309 E Silver Creek Road Gilbert, AZ 85296

$675,000

4 Beds

2 Baths

2,362 SqFt

Status Active

MLS # 6744237

Property Type Single Family Residence

Price Type --

Spacious and updated 4 bedroom, 2 bath cul-de-sac home on 1/3 of an acre lot near downtown Gilbert with a pool. This home was recently remodeled and walking distance to downtown Gilbert! Very spacious house and lot and has two RV gates, one with an electrical RV connection. Large backyard with mature trees, irrigated grass areas, and a pool. Proximity to the 60 and 202 makes any commuting easy. No HOA so bring your toys! This home had upgrades in 2022 that includes tile bathroom, new flooring, and paint throughout. Enjoy shady afternoons on the large back porch and private backyard.

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10744 W Briles Road Peoria, AZ 85383

$675,000

3 Beds

2.5 Baths

2,512 SqFt

Status Active

MLS # 6747063

Property Type Single Family Residence

Price Type --

This gorgeous home with a sparkling POOL is move in ready & fully upgraded! Gourmet kitchen w/ white cabinets, stainless steel appliances, 5 burner gas range w/ hood, wine fridge, large pantry & granite counters. Tandem garage 48' long to fit your SUV, boat, etc. Great floor plan w/ den (or bedroom) or could change to a formal living in front, large great room, soaring vaulted ceilings bringing natural light throughout the whole home. The powder room downstairs can easily have a shower added. Plumbing already installed. Upstairs is open loft, two large bedrooms and the primary suite. Backyard features sparkling pool and covered patio w/ low maintenance turf that has sprinkler system to keep it cool for your kids/pets. Across the street from the park.

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12702 W Sierra Vista Drive Glendale, AZ 85307

$675,000

4 Beds

3 Baths

2,910 SqFt

Status Active

MLS # 6715753

Property Type Single Family Residence

Price Type --

Welcome to this meticulously designed Julia plan by Richmond American Homes. This home offers 4-bedrooms, 3-bathrooms, perfectly situated near the Westgate Entertainment District, Cardinals Stadium, Desert Diamond Casino, and Park West shopping. Recently constructed in 2022, this residence boasts a spacious family room, an open floor plan, and impressive 10-foot ceilings. Pamper yourself in the upgraded master shower and enjoy the convenience of center-meet sliding doors opening to an expansive patio. This home is equipped with upgraded lighting, elegant wood tile floors, energy-efficient solar panels, and more, ensuring a lifestyle of modern living.

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18547 W Oregon Avenue Litchfield Park, AZ 85340

$675,000

4 Beds

2.5 Baths

2,988 SqFt

Status Active

MLS # 6704866

Property Type Single Family Residence

Price Type --

FREE 2-1 BUYDOWN IN THIS RV FRIENDLY COMMUNITY!! Charming and very gently lived in 4 bedroom, 2.5 bath home. This bright and inviting floorplan offers updated faux barn wood plank style tile flooring throughout the entire first floor, a beautifully updated kitchen complete with butler's pantry and upgraded stainless steel appliances, upgraded french door overlooking the lush green back yard, upstairs offers a spacious laundry room for convenience, 3 generously sized guest rooms and a very large master retreat with spacious en suite and his and hers walk in closets. But wait, there's more, also featuring a 3 car tandem garage, RV gate and parking, storage shed, 11,000+sqft lot, large covered patio, fire pit and garden area, this home truly offers something for everyone....don't miss out

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20329 E Bronco Drive Queen Creek, AZ 85142

$675,000

5 Beds

3 Baths

2,778 SqFt

Status Active

MLS # 6748755

Property Type Single Family Residence

Price Type --

Gorgeous custom home in the sought after Horse community of Will Rogers Equestrian Ranch.This 5 bedroom, 3 bath + an office has a large great room with a split floor plan. The Kitchen has new appliances and sink with a generous island, that can fit the whole family. The freshly painted interior has two primary bedrooms with en suites. The other three bedrooms are spacious and inviting. The laundry room is large with built in shelves for storage. Not only does the home have a 3 car garage, it also has a new RV gate. Two new A/C units were installed in March. This unique community boast an equestrian center with 4 stall barns,4 turn out pens, 2 round pens and 2 250X150 arenas and a Community pool, sport courts and instant access to QC wash trails. Community RV and boat storage too!!

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176 N Honeysuckle Lane Gilbert, AZ 85234

$675,000

4 Beds

2 Baths

2,109 SqFt

Status Active

MLS # 6753160

Property Type Single Family Residence

Price Type --

Rare find! Located in beautiful Park Grove Estates. Minutes from downtown Gilbert. This 4 bedroom 2 bath home features an upgraded kitchen, vaulted ceilings-light and bright feeling home. Huge lot, over 13,000sqft. Large pool with a built in spa, mature trees... Newer roof, newer windows and exterior paint.R RV gate. Lots to see!

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4390 N Enchanted Circle Pine, AZ 85544

$675,000

4 Beds

3 Baths

1,956 SqFt

Status Active

MLS # 6712320

Property Type Single Family Residence

Price Type --

This stunning house offers expansive views and an array of high-end features--perfect for comfortable living and entertaining. The mostly single-level layout includes 4 bedrooms and 3 baths--4th bedroom doubles as a versatile recreation room . The entryway provides easy access, welcoming you into a space adorned with beautiful wood flooring throughout. The upgraded kitchen and bathrooms boast modern finishes and high-quality fixtres. Enjoy cozy evenings by the wood-burning fireplace in the spacious living area, designed with a split floor plan to maximize privacy and convenience. The large covered front deck is ideal for outdoor relaxation and gatherings, while the oversized 2-car garage provides ample space for vehicles and storage. Nested in a gated HOA subdivision, this home This home benefits from a water and sewer provider and has underground utilities. Furniture remains with sale at no additional cost to Buyer. Master bedroom bed, mattress, bed frame headboard, televisions do not convey

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19625 W Pinchot Drive Buckeye, AZ 85396

$675,000

4 Beds

2.5 Baths

2,656 SqFt

Status Active

MLS # 6752283

Property Type Single Family Residence

Price Type --

Be prepared to be amazed by this Willowleaf model that is a spacious 4 bedroom, 2.5 bath home. There is an upstairs loft, additional downstairs flex space and a tandem 3 car garage. The gourmet kitchen features 42'' espresso cabinetry, quartz counter tops, stainless steel appliances, gas cooktop, wall oven and an oversized island overlooking the spacious great room making this an entertainers dream! Upstairs there is a large loft, 4 bedrooms, 2 bathrooms, and convenient 2nd floor laundry. The garage is a 3-car tandem that is just under 38 feet deep. Gorgeous mountain view backyard with pool with water feature, synthetic grass, and a paved ramada area to enjoy the Arizona sunsets.

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3012 E Beryl Avenue Phoenix, AZ 85028

$675,000

3 Beds

2 Baths

1,600 SqFt

Status Active

MLS # 6689947

Property Type Single Family Residence

Price Type --

***PRICED $55K BELOW APPRAISED VALUE*** Your very own renovated, redesigned and reimagined home in the highly sought after Sheaborhood area of North Phoenix with No HOA on nearly a quarter acre! This home features an open concept, a fully renovated kitchen that rivals those in million dollar homes and a primary suite that will have you feeling like the spa is in your very own home. It features a BRAND NEW ROOF all the way down to the sheathing, NEW WIRING, NEW PLUMBING, NEW HOT WATER HEATER and NEW WINDOWS, so you can have peace of mind that all your major items are already taken care of. Both bathrooms and the primary suite have been generously extended, while the living area was beautifully opened, making this home perfect for those craving a modern living experience in an established neighborhood. This property is nestled on nearly a quarter acre lot on a quiet street in close knit, deeply adored community. Upon driving up to the home, you'll be welcomed by a freshly painted exterior with an impressive walkway leading you to your luxurious and oversized front door. When entering the home, you will find a bright, spacious great room complete with a large island and brand new slider. On the west wing of the home, you will find three generously sized bedrooms, a huge guest bathroom with an extended vanity and dual sinks, a spacious primary suite and a custom primary shower that rivals those in million dollar new builds. This home has an extended laundry room, which is a rare find in this neighborhood and is sure to appease every modern buyer. The backyard has MOUNTAIN VIEWS, tasteful landscaping, upgraded, modern gravel and luxurious turf.

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16308 E Links Drive Fountain Hills, AZ 85268

$675,000

2 Beds

2 Baths

1,878 SqFt

Status Active

MLS # 6680908

Property Type Townhouse

Price Type --

Furnished! Well Cared For Single Level Condo at Balera at Firerock Featuring 2 Bedrooms + Den/Office with Full Size Business Desk That Converts To Queen Sized Murphy Bed, 2 Bathrooms, Gourmet Kitchen with Granite Counters, Island, Newer Appliances and Separate Dining Area. Kitchen Open To Cozy Living Room with Gas Fireplace, Faux Wood Plank & Tile Flooring & Vaulted Ceilings. Spacious Primary Bedroom with Vaulted Ceilings - Main Bath Featuring Soaking Tub, Walk-In Shower, Dual Sinks & Walk-In Closet. Split Floor Plan Guest Bedroom With Access To Guest Bathroom with Walk-In Shower. Upgrades: AC (2020) - Water Heater (2017) - Water Softener (2020) - Washer/Dryer (2021) - Kitchen Appliances (2022) - Patio Drop Shade (2022). Enjoy The Community Pool, Fitness Center & Spa With Amazing Mountain Views Overlooking Firerock Country Club.

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1151 S Sandstone Street Gilbert, AZ 85296

$675,000

4 Beds

3 Baths

2,740 SqFt

Status Active Under Contract

MLS # 6680141

Property Type Single Family Residence

Price Type --

Looking for a pool home w/ golf course view? This gorgeous 4 bed + den, 3 bath residence is nestled on a premium cul-de-sac lot right next to the Community's golf course & featuring sparking private pool, a lush lawn, 2 car garage, and paver walkway! Inside you will find a spacious dining & living area w/soft carpet in all the right places and designer palette throughout. The large family room boasts a wall niche and a fireplace to keep you warm during the winter months! Hone your cooking skills in this gorgeous kitchen, comprised of ample cabinetry along w/a pantry, granite counters & backsplash, stainless steel appliances, an island complete w/a breakfast bar, and breakfast nook. The primary bedroom showcases a lovely bay window, a walk-in closet, and a lavish ensuite w/dual sinks. Don't forget about the cozy den w/elegant wood-look flooring, perfect for an office! Also including a wonderful backyard w/a covered patio, view fence, and a fire pit, this home simply has it all! Act now before it's gone!

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