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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11625 N 40th Way Phoenix, AZ 85028

$675,000

3 Beds

2 Baths

1,710 SqFt

Status Active

MLS # 6706586

Property Type Townhouse

Price Type --

Rare opportunity to own in the Roundhill community!! Nestled into the beauty of Stone Creek Golf Club. This immaculate 3bdrm & 2 bthrm patio home has everything you've been looking for. Open concept living area featuring vaulted ceilings with fireplace and lots of natural light. A spacious kitchen with ample room for entertaining. Enjoy dinner out on your private patio that backs on to the golf course, offering gorgeous views and tranquil privacy. You can also enjoy the views from your expansive primary suite that features a large walk-in closet, ensuite and sliding glass doors that take you to your patio. An attached 2 car garage gives you plenty of room for your vehicles and extra storage. New AC and roof were installed in 2021. This home is in a prime location close to Scottsdale and Paradise Valley providing you with multiple options for grocery stores, Costco, dining and shopping. You are also in close proximity to Piestewa Peak and Phoenix Mountain Preserve hiking trails, freeways and the Mayo clinic. Community benefits include a large swimming pool, hot tub and tennis courts. Come see for yourself everything this home has to offer.

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2015 E Gaffney Road New River, AZ 85087

$675,000

3 Beds

2.5 Baths

2,368 SqFt

Status Active

MLS # 6744574

Property Type Single Family Residence

Price Type --

What a GEM! Nestled on a 2-acre corner lot, this beautiful home will impress you. Offering a desert landscape, 2-car garage, & RV parking. Discover a welcoming living room, formal dining room, and an inviting family room w/stove fireplace! Natural light filled the spaces, complemented by designer paint & wood-look flooring t/out. The exposed wooden beams give a rustic charm! The kitchen boasts tile counters & backsplash, recessed lighting, ample wood cabinetry, a breakfast bar, a walk-in pantry, and SS appliances such as a double oven. Main bedroom boasts a private bathroom & a walk-in closet. The fantastic backyard beckons with a covered patio, an exterior fireplace, & a fenced sparkling pool. The mountain views serve as a backdrop to your outdoor paradise! Don't miss it!

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7752 E Solano Drive Scottsdale, AZ 85250

$675,000

2 Beds

2 Baths

1,490 SqFt

Status Active Under Contract

MLS # 6739726

Property Type Townhouse

Price Type --

*RARE FIND!* Discover the serene ambiance of this 2 bed, 2 bath sanctuary in the coveted neighborhood of Villa Antaño! Enjoy a roomy 2-car garage, mature shade trees, & a welcoming courtyard for morning coffee. The open living room & formal dining areas feel grand with vaulted ceilings, exposed beams, a wet bar, & cozy fireplace perfect for entertaining! One of many skylights bring in ample natural light to the eat in kitchen with white shaker cabinets, & stainless steel appliances. The main bedroom offers direct patio access, 5 piece ensuite, & a walk-in closet. The guest bedroom is nice and roomy with a walk in closet & direct courtyard access. If you're looking for a home at a suitable price point in this prime Scottsdale location, come take a look at this SUPER SPECIAL ON SOLANO DR!!

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4960 S Wade Drive Gilbert, AZ 85298

$675,000

3 Beds

2.5 Baths

2,257 SqFt

Status Active Under Contract

MLS # 6735436

Property Type Single Family Residence

Price Type --

Beautiful home! Amazing community! Backyard pool and spa! 3 car garage! This property has it all. Nestled in one of Gilbert's favorite neighborhoods this stunning 3 bedroom + den, 2.5 bath home is priced to sell. Home features 10', nice upgrades, oversized spare bedroom and den with built in workspace. Backyard is super low maintenance with turf, heated pool and in ground spa w/pop up cleaners. Home is just across the street from large community park/playground/splash pad and lake. Bridges of Gilbert offers trails, paths, streams and water features, lakes, and modern playgrounds. The community is right across the street from Gilbert's new regional park development. Close to shopping/dining and all that Gilbert has to offer.

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16615 S 38th Way Phoenix, AZ 85048

$675,000

4 Beds

3 Baths

2,469 SqFt

Status Active

MLS # 6742109

Property Type Single Family Residence

Price Type --

The sellers have relocated and are putting their beautiful Lakewood home on the market. This home has seen significant modern updates, including a new roof, AC, carpet, and energy-efficient dual-pane windows. It features four bedrooms and three bathrooms, including a guest bedroom and a full bathroom on the first floor. The kitchen has a slate gray appliance package, including a refrigerator. It is bright and open, with granite counters, ample cabinet space, a large breakfast bar, and a kitchen nook with bay windows overlooking the family room with a welcoming wood-burning fireplace. French doors open to a covered patio overlooking a sparkling blue pool and a large gazebo—making it perfect for entertaining. The property also boasts a 3-car garage, wood shutters, and a new front door. The elevated front entry impresses with its vaulted ceilings, neutral paint, tile, and laminate flooring. The bathrooms have been updated with granite countertops, under-mount sinks, and elegant tile surrounds. Upstairs, there are two additional bedrooms and the primary suite. The primary bedroom is a peaceful space with bay windows, vaulted ceilings, and an upgraded primary bathroom featuring double sinks, a separate shower, and a tub. The expansive lot also offers a generous grassy area, providing plenty of room for outdoor fun!

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5704 W Larkspur Drive Glendale, AZ 85304

$675,000

5 Beds

3 Baths

4,052 SqFt

Status Active

MLS # 6712194

Property Type Single Family Residence

Price Type --

**REDUCED PRICE** Absolute charmer on a LARGE corner lot w/ a spacious 3-car garage! You will be impressed w/ the 5 bed, 3 bath 4052 sf home, harmonious interior offering gleaming wood-look floors, a designer color palette, plantation shutters, a convenient media niche, & a delightful fireplace. The impeccable kitchen boasts white cabinetry, mosaic backsplash, recessed lighting, large walk-in pantry, SS appliances, & a center island w/a breakfast bar. Double doors open to the oversized main suite, soft carpet throughout, private bathroom w/dual sinks, a large walk-in closet, & a generously sized sitting area adorned w/a two-way fireplace. The amazing backyard is perfect for entertaining guests, with a sparkling swimming pool, outdoor kitchen, covered patio & swaying palm trees, this is a gem you cant miss and i promise you wont be disappointed!

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13215 N 20th Street Phoenix, AZ 85022

$675,000

3 Beds

2.5 Baths

2,269 SqFt

Status Active

MLS # 6743624

Property Type Single Family Residence

Price Type --

This is a Semi-Custom Luxurious Home located near the highly desired active hiking trails of both Lookout and North Mountain! This captivating property welcomes you with Wood Flooring leading into an open concept for your main living areas with 9'+ ceilings and an abundance of natural light. This Gourmet Kitchen welcomes you and guests with plenty of space to spare with Custom 42' Upper White Shaker Cabinets, Upgraded Appliances, Quartz Countertops, and a Spacious Pantry. This home Boasts of 3 Bedrooms, Formal Dining Room and a large Living room Area. Don't miss the Master Bath that has been highly upgraded. A powder room is located just off the kitchen and main living areas. Backyard is perfect for entertaining w/swimming pool, pavers & plenty of room for all your toys and No HOA!

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7710 E Gainey Ranch Road Unit 133 Scottsdale, AZ 85258

$675,000

2 Beds

2 Baths

978 SqFt

Status Active

MLS # 6747694

Property Type Townhouse

Price Type --

Welcome to your gorgeous retreat in the heart of Gainey Ranch! This beautifully updated 2-bedroom, 2-bathroom townhouse boasts an oversized patio perfect for entertaining or relaxation. Located on the first level with a garage, this home is situated in the serene community of The Courts at Gainey Ranch. Just steps away from the newly renovated Estate Club at Gainey Ranch, enjoy the lifestyle of tennis, pickleball, a workout facility, two heated pools and spas, and an events center. This is an ideal turnkey retreat in the heart of Scottsdale, with easy access to shopping, golf, entertainment, and more.

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405 E Mountain Sky Avenue Phoenix, AZ 85048

$675,000

5 Beds

3 Baths

2,798 SqFt

Status Active

MLS # 6719464

Property Type Single Family Residence

Price Type --

This spacious 5-bedroom, 3-bathroom home, with a 3-car garage, is a fantastic opportunity to live in a wonderful FOOTHILLS neighborhood. Priced below market, the property needs paint, but allows for customization to create your dream home. Open spacious floorplan with soaring vaulted ceilings. downstairs bedroom and full bath is perfect for elderly parents or office. wood laminate flooring in living and dining rooms. This home features a well-maintained pool and a large backyard perfect for entertaining. Located in a highly sought-after school district, don't miss the chance to make this house your own! Mountain views in all directions. New downstairs HVAC unit July 2024

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18435 W Palo Verde Avenue Waddell, AZ 85355

$675,000

5 Beds

3 Baths

4,350 SqFt

Status Active

MLS # 6720022

Property Type Single Family Residence

Price Type --

Welcome to this stunning masterpiece! This exceptional home features a 3-car garage, stone accents, and a gated courtyard. The impressive interior includes a formal dining room with courtyard access, an open den/office, and a bonus room with a fireplace. Elegant archways, plantation shutters, tile and wood-look flooring, and surround sound add to the charm. The spacious great room boasts coffered ceilings, while the chef's kitchen is a dream, with stainless steel appliances, wall ovens, a gas cooktop, granite counters, a pantry, stone backsplash, white cabinets with crown molding, recessed lighting, and a prep island with a breakfast bar. The owner's retreat features an ensuite with dual vanities and a soaking tub. Upstairs, discover a media room and a vast loft, perfect for entertainment Finally, the relaxing backyard has a covered patio and mature shade trees. Don't let this amazing beauty slip by!

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2815 N 169th Drive Goodyear, AZ 85395

$675,000

2 Beds

2.5 Baths

2,200 SqFt

Status Active Under Contract

MLS # 6657490

Property Type Single Family Residence

Price Type --

Discover the epitome of active adult living in the prestigious 55+ community of PebbleCreek. Nestled within the scenic beauty of Arizona, this residence offers a unique blend of tranquility and vibrant activity, surrounded by the lush greens of the PebbleCreek golf course. Key Features: Premier Golf Course Living: Enjoy daily rounds of golf on the impeccably manicured PebbleCreek golf course, right at your doorstep. Stunning fairway views create a picturesque backdrop for your active retirement. Pickleball Paradise: Embrace the excitement of pickleball on state-of-the-art courts, fostering friendly competition and a sense of community. Challenge your neighbors or join organized tournaments in this rapidly growing sport. Abundant Amenities: Indulge in a wealth of community amenities, including fitness centers, swimming pools, and clubhouses. Engage in social activities, fitness classes, and hobby groups tailored to the interests of the vibrant 55+ community. Peaceful Surroundings: Retreat to the tranquility of your home in a peaceful neighborhood specifically designed for residents aged 55 and above. Enjoy the serene atmosphere while still being close to a myriad of recreational and cultural opportunities. Luxurious Residences: The homes in PebbleCreek are thoughtfully designed with the needs of active adults in mind. Experience a perfect blend of comfort and style, with spacious interiors and modern conveniences. Community Events: Participate in a rich calendar of community events, from social mixers to educational seminars. Forge lasting friendships with like-minded individuals who share your zest for life and leisure. Convenient Location: Situated in a prime location, PebbleCreek provides easy access to shopping, dining, and cultural attractions. Explore the surrounding area or simply revel in the natural beauty that characterizes this sought-after community. Experience a lifestyle that caters to your every desire at PebbleCreek. Whether you're enjoying a round of golf, competing on the pickleball court, or simply savoring the beauty of your surroundings, this 55+ community offers the perfect blend of relaxation and recreation. Secure your spot in this exclusive enclave and embark on a new chapter of active, fulfilling living.

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4002 E Renee Drive Phoenix, AZ 85050

$675,000

4 Beds

2 Baths

2,053 SqFt

Status Active

MLS # 6720203

Property Type Single Family Residence

Price Type --

NEW ROOF. Assumable loan 3.5% Interest. NO HOA! CORNER LOT! Pristine & Beautiful 4 bed 2 bath single level home w/ a 2 car garage & a pool. Windows, HVAC, Pool pump, landscaping, & sprinkler system replaced in 2022, gas water heater in 2023. The home has alarm & water filtration system. Walk up to the paver pathway to the front door. Artificial turf looks perfectly manicured all year round. This home is unique & well loved & taken care of. Vaulted ceilings w/ the kitchen open to the family room. Lots of windows & natural lighting. Beautiful white cabinets, stainless steel appliances, a gas range & a pantry. Formal living area that could be used as an office or bonus room. Primary suite is over-sized & the primary bathroom has a separate tub & shower, dual sinks & a big walk-in closet. Backyard is tropical w/ a pool as well as a large grass area. Close to parks, A+ schools & Shops.

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