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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1431 W Spirit Drive Anthem, AZ 85086

$675,000

3 Beds

2.5 Baths

2,544 SqFt

Status Active

MLS # 6721017

Property Type Single Family Residence

Price Type --

View this beautiful San Juan model in Anthem C.C., featuring recent updates, south facing back patio with desert views and convenient proximity to the Ironwood Clubhouse. This wonderful home is 2544 sq. ft, 3 bed/2.5 bth, dedicated office, open floor plan and 3 car garage with new epoxy floor and built-in cabinets. The recently remodeled gourmet kitchen includes new stainless appliances; the master bath was completely remodeled in 2023 and features a huge walk in shower. Other highlights include plantation shutters, surround sound, soft water and R.O. systems, all new exterior paint and a new water heater. Your backyard outdoor living space enjoys a full length covered patio, flagstone hardscape, professional landscape design and a gas firepit. Let Anthem Country Club Welcome you home.

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3200 N 39th Street Unit 1 Phoenix, AZ 85018

$675,000

4 Beds

2.5 Baths

2,196 SqFt

Status Active

MLS # 6725527

Property Type Townhouse

Price Type --

Welcome to Mulberry Park, a unique ''Lock & Leave'' GATED community of 35 attached single family homes in the Arcadia Corridor. This 2,198 sq ft home already has generous standard features as well as over $25K in additional upgrades...such as brand new flooring throughout, backsplash and custom tile work on secondary bath and master shower. 10' ceilings down & 9 ft upstairs, Tankless water heater, Water purification system, private patio, attached 2 car garages, handsome farmhouse exteriors & energy efficiency are just a few features you will enjoy. All are located within a desirable Arcadia, including community landscaping, pool, spa, & dog park. HOA covers ext maintenance, roof, water/sewer, and trash. Private EV charger wired in the garage. Perfect for full or part time occupants.

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4311 E Clifton Avenue Gilbert, AZ 85295

$675,000

4 Beds

3.5 Baths

2,546 SqFt

Status Active

MLS # 6736095

Property Type Single Family Residence

Price Type --

Fantastic location with community pool! Built in 2021 with all the extras you don't get with a new build. Oversized garage with mini split for air conditioning features epoxy floor, work out space, overhead storage racks and large utility sink. Enter through beautiful steel front door with specialty glass and iron work. Great floor plan with main floor master suite offering separate tub/shower, dual sinks, and spacious walk in closet. Main floor offers an additional bedroom, full bathroom and fabulous flex room for den or office. Modern kitchen with white cabinetry and quartz countertops, gas cook top, wall oven and microwave, highlighted by LED undercabinet lighting. GE Profile washer, dryer and refrigerator included. Large laundry room with cabinets and sink, soft water system and reverse osmosis system. Low maintenace backyard with artificial turf and covered patio. Gasline stubbed for future outdoor kitchen or fire feature. Upstairs enjoy spacious loft with two additional bedrooms and a bathroom. Window treatments throughout. Don't miss it!!

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18182 W Young Street Surprise, AZ 85388

$675,000

5 Beds

3.5 Baths

3,636 SqFt

Status Active

MLS # 6739794

Property Type Single Family Residence

Price Type --

The search is over! This exquisite 5-bedroom, 3.5-bathroom residence features a 2-car garage, elegant stone accents, and a welcoming front patio. Inside, the living/dining room boasts a cool palette, plantation shutters, and attractive wood-look flooring. The great room features double French doors that open to the backyard for seamless indoor-outdoor living. The impeccable kitchen comes with granite counters, wood cabinetry with crown moulding, recessed lighting, SS appliances, a pantry, and an island with a breakfast bar. The versatile bonus room is perfect an office or study. The cozy loft upstairs provides a peaceful retreat. Discover a sizeable main bedroom offering plush carpeting, a quaint sitting nook, an ensuite with dual sinks, and a walk-in closet. Outside, the backyard oasis showcases a covered patio, stylish pavers, a ramada, a firepit for evenings under the stars, and a sparkling pool. Make this gem yours!

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16207 W Sandia Park Drive Surprise, AZ 85374

$675,000

3 Beds

3.5 Baths

2,721 SqFt

Status Active Under Contract

MLS # 6649164

Property Type Single Family Residence

Price Type --

Beautiful Expanded Cordova Estate model located in the premier Active Adult Golf Community ''The Grand.'' This incredible floor plan is an entertainer's delight spanning 2,721 square feet with 2 Beds including an expanded guest suite and separate den, 2.5 baths in the main residence and a Casita w/ full En-suite. The property is perfect for hosting large gatherings with large eat-in kitchen and separate living & dining areas. Outside you will enjoy your own private oasis next to the sparkling spool with new Pump & Heater. There is also full 3 car parking to accommodate your added toys. Roof was replaced 2023 with Owned Solar! Stop by today and make an Offer! Property has an assumable VA Loan at 3.75% for approx. $300K for qualified Buyers.

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27920 N Quail Spring Road Rio Verde, AZ 85263

$675,000

2 Beds

2.5 Baths

2,507 SqFt

Status Active Under Contract

MLS # 6667497

Property Type Townhouse

Price Type --

NEWLY UPDATED come see!!!Sought after 2,504 Sq Ft Townhome East side of prestigious TONTO VERDE . End Unit for privacy and VIEWS of manicured desert with Mountain VIEWS. Large Great RM open to Kitchen. Large bright windows to back facing South East. Morning Sun through afternoon. 2 Bedroom with Den that can be Office with Murphy Bed & or quiet Media RM. Large Primary with beautiful views from Large Window & walk out door to patio. Large Bathroom with Tub removed for your choice of space. Possibly additional closet. Split floor plan from guest room w/walk in closet. Two Championship Golf Courses, Club House, Fitness Center, 18 Hole Putting Course, Swimming Pool with Spa & Swim Lanes. PICKLE BALLS COURTS BEING BUILT. TONTO is built out, plenty of room in all amenities.

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2446 W Joy Ranch Road Phoenix, AZ 85086

$675,000

3 Beds

2 Baths

2,115 SqFt

Status Active Under Contract

MLS # 6694090

Property Type Single Family Residence

Price Type --

Seller is serious about getting this one sold! Plenty of room for that RV Garage! Breathtaking views of mountains & desert landscapes. Sitting on an acre lot means plenty of room for your toys or even a horse. As you step into this lovely home your eyes go straight through to your daily scene of peace and tranquility. A spacious open layout with tall ceilings and features like a media niche & fireplace adds to the allure. The kitchen is equipped with stainless steel appliances, granite countertops, ample cabinetry, a pantry & an island. The master has a fireplace & the ensuite offers the perfect blend of comfort and style. Outside, find endless possibilities for outdoor enjoyment and entertainment. Whether you're hosting gatherings, gardening, or simply soaking in your private pool, The entertainer's backyard invites you to relax and have fun with a full-length covered patio, attached pergola, a hot tub, an exterior fireplace, and shade trees. The jewel of this outdoor space is the refreshing pool and fantastic mountain views! Hurry! Your paradise awaits!

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3495 E Linda Lane Gilbert, AZ 85234

$675,000

4 Beds

3 Baths

2,127 SqFt

Status Active

MLS # 6741939

Property Type Single Family Residence

Price Type --

Welcome to an exquisite four-bedroom, three-bath home in the prestigious Morrison Ranch community of Gilbert, Arizona. This luxurious residence boasts fully renovated bathrooms, a year old, and an entertainer's dream backyard with a sparkling private pool, an outdoor sound system, and lush fruit trees. Inside, modern elegance meets comfort with spacious living areas, new amenities, and high-end finishes. Nestled just minutes from top-rated schools, upscale shopping, and dining, this home offers a perfect blend of tranquility and convenience. Make this stunning retreat yours today!

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5674 N 12th Street Phoenix, AZ 85014

$675,000

2 Beds

2 Baths

2,404 SqFt

Status Active

MLS # 6729008

Property Type Townhouse

Price Type --

Completely renovated single-level, open contemporary floor plan, with 2 huge bedrooms & bathrooms in North Central Phoenix. Everything has been updated from electrical, plumbing, HVAC, roof, & beautiful new landscaping. High End upgrades include chef's kitchen with huge island, quartz countertops, custom cabinets, porcelain tile flooring, soundproof windows with blackout shades. Relax in either the front patio with soothing waterfall fountain or private & spacious back patio with glass firepit. Immaculate and meticulously maintained. Prime Central Phoenix location with top rated Madison school districts, close to Biltmore high end shopping and top rated restaurants, hiking & biking trails, within Eruv. No HOA - would make an amazing primary residence and/or long or short term rental!

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3437 W Thoreau Lane Anthem, AZ 85086

$675,000

6 Beds

4 Baths

3,855 SqFt

Status Active

MLS # 6730172

Property Type Single Family Residence

Price Type --

This stunning home is located in the heart of Anthem, a beautiful award winning master planned community where joy abounds. At first sight you will notice a welcoming front porch, decorative stonework, and a lovely neutral color palette. The dramatic front entrance is enhanced by vaulted ceilings, custom pillars, and charming loft. The kitchen boasts ample storage and stainless appliances. The primary suite is located on the first floor as well as a secondary bedroom and a full guest bathroom. The second story has all the space one could need with four large bedrooms, two full baths, a bonus room and a loft. The backyard is an entertainer's dream with an extended flagstone patio, private pool and spa, and a gas firepit. Truly Sonoran living at its finest.

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1239 E El Camino Drive Phoenix, AZ 85020

Open House

$675,000

3 Beds

2.5 Baths

2,110 SqFt

Status Active

MLS # 6753465

Property Type Single Family Residence

Price Type --

Located on a cul-de-sac with NO HOA, this beautifully remodeled home offers thoughtful updates and is sure to impress! This stunning home has 3 bedrooms, 2.5 baths, and 2,110 sqft of modern living space, complemented by luxury vinyl flooring throughout. Upon entry, you'll discover a bright living room, a formal dining area, and a kitchen designed for both functionality and style. The gourmet kitchen is equipped with a farmhouse sink, soft-close white cabinetry, stainless steel appliances including a wine refrigerator, plus a breakfast bar perfect for entertaining or enjoying a casual meal. The spacious primary ensuite features a dual-sink floating vanity, a stylish tiled shower, and a large sitting area that can be transformed into your custom dream closet! Picture yourself by the sparkling pool, enjoying mountain views, and gathering with friends in the outdoor seating area. With an RV gate, you have all the space and freedom you need! Enjoy peace of mind with recent upgrades, including a brand-new AC unit, mini-split system, resurfaced pool, updated plumbing and electrical, re-stuccoed backyard walls, and a newer roof (2023)!

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4350 E Abraham Lane Phoenix, AZ 85050

Open House

New

$675,000

3 Beds

2 Baths

1,661 SqFt

Status Active

MLS # 6758239

Property Type Single Family Residence

Price Type --

Perfect home in Desert Ridge. This well maintained home has open concept kitchen living room space, vaulted ceilings, updated kitchen with stainless steel appliances, backyard features low maintenance artificial turf and kids play ground that conveys with the home. If you want location then this is the home for you.

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