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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26647 W Covey Lane Buckeye, AZ 85396

$675,000 - 3Br/3Ba -  for Sale in Sun City Festival Parcel N1, Buckeye
Open House
$675,000
3 Beds
2.5 Baths
2,736 SqFt
Status Active
MLS # 6746036
Property Type Single Family Residence
Price Type --
Discover this stunning Voyage floor plan, where elegance & comfort converge. Enter through a private courtyard featuring a custom wrought iron gate & tranquil fountain. Inside, you're greeted by warm hardwood flooring & soaring 10-foot ceilings, creating a welcoming & spacious atmosphere. The gourmet kitchen boasts chiseled granite countertops, perfectly complemented by faux wood beams & equipped with a oversized walk-in pantry. A stone-walled foyer adds a touch of sophistication, while the media wall offers an ideal space for entertainment. An impressive owner's suite features dual spacious walk-in closets. Interior arches add a unique architectural flair. Enjoy the convenience of a golf cart garage, along w/ the luxury of a covered patio & a cozy gas fire pit. Recent exterior paint ensures this home is as beautiful on the outside as it is on the inside.

4133 E Sidewinder Court Gilbert, AZ 85297

$675,000 - 4Br/3Ba -  for Sale in Power Ranch Neighborhood 2, Gilbert
Open House
$675,000
4 Beds
2.5 Baths
2,502 SqFt
Status Active
MLS # 6756461
Property Type Single Family Residence
Price Type --
New Paid Solar! Welcome to your stunning new home! This four bedroom, 2.5t bathroom home in the heart of the coveted community of Power Ranch has been remodeled and upgraded from top to bottom w/ over $130k in upgrades. Showcasing new pool, new AC, new flooring, new windows, granite countertops, extended kitchen island, stainless steel appliances, a tiled backsplash, a wine fridge, ample kitchen storage, a custom living room fireplace and spacious living areas. The oversized primary bedroom suite is complete with an extended private balcony, his and hers vanities, a huge soaking tub, a tiled walk-in shower and plenty of closet space. Enjoy the extended covered patio, crystal blue pool and spa, low maintenance landscaping, a built-in fire pit and a relaxing seating area under the pergola. Minutes from multiple parks, schools, shopping, entertainment and all the amenities Power Ranch has to offer, this house is perfect for you and the entire family! Upgrades on Home

277 E Windsor Court Gilbert, AZ 85296

$675,000 - 4Br/3Ba -  for Sale in Settler's Point South, Gilbert
Open House
$675,000
4 Beds
2.5 Baths
2,664 SqFt
Status Active
MLS # 6756564
Property Type Single Family Residence
Price Type --
Amazing Location!! Welcome to this beautiful home in Gilbert AZ that's situated in a cul-de-sac! Close to downtown Gilbert, gyms, restaurants, and San Tan Mall. This two-story gem fosters a sense of spaciousness! Newly renovated, bathroom cabinets painted, new carpet throughout, and new pool decking! Designer paint palette creates a warm and welcoming ambience in this family home. The kitchen is the heart of the home with modern appliances, water softener, and ample counter and pantry space, it's sure to inspire a gathering place. The home offers bedrooms that provide the perfect sanctuary along with a loft that can be used as an office or gym. Oversized soaking tub in Owner's suite, double sinks, luxury vinyl flooring and higher end tile throughout. Outdoor enjoy

2614 N 15th Street Phoenix, AZ 85006

$675,000 - 3Br/3Ba -  for Sale in Maxwelton Tract Lots 8 Thru 22, Phoenix
Open House
$675,000
3 Beds
2.5 Baths
1,972 SqFt
Status Active
MLS # 6735434
Property Type Single Family Residence
Price Type --
This is one of the most exceptional quality homes in the $700k RANGE ever listed in Coronado, and its full story deserves to be told. In 2016 the original home was torn down to the studs and was entirely rebuilt with fully approved permits and subcontractors, including all new electrical, plumbing, sewer, upgraded 12'' insulation, ventilation, flooring, sub-flooring, foundation/footings, fixtures, upgraded appliances, and windows. Features, additions and premium upgrades for the marketplace include (but not limited to) a library/front bedroom addition with raised ceilings and floor to ceiling height custom, built-in bookshelves, dual-paned windows and doors t/o, engineered hardwood flooring, an added HVAC unit with Wifi connected thermostat, and 7 intake vents for exceptional cooling t/o, an upgraded split floorplan, primary bedroom with vaulted ceilings, large walk-in closet, dedicated WiFi connected thermostat, and a gorgeous en suite bath with soaking tub and separate enlarged shower, a dedicated laundry room, a gourmet chef's kitchen with breakfast bar, pantry with glass door, leather (matte) finish granite countertops, 36 dual fuel AGA range (uses both gas and electric), and upgraded cabinetry, whole house water filtration system (2021), large dual entry guest bath with refurbished historic 19c. clawfoot tub, upgraded Navien tankless water heater (2024), large storage/utility room in addition to the the large laundry room, upgraded 220V volt electrical line in the garage with 4 breakers, and extra outlets (including a 220V and 110V to support EV charging or high end tools or appliances), hanging garage storage, paid off high-producing solar panels with a support package making them maintenance free for 6 more years, cat. 6 and coaxial cable wiring t/o the home, and last, but certainly not least, a great room featuring a stunning custom made bar, with built-in open shelving, water supply for an ice maker, electrical, small fridge, and uber-cool pendant mood lighting. The solar panels are connected to an APS solar edge system for monitoring and while working from home and with the HVAC system set at 72 degrees the average utility bills were only $120 per month! Additional upgrades include a wrap around porch for entertaining, fruit producing pomegranate and lemon trees, large shade trees (Texas Ebony and Sisou), ring camera system and light (will convey), and park views, easy walking distance access across the street with a newer playground, shade trees, and benches. The list of bonus features, upgrades and stand-out, wow-factor items in this home at this price range are notable, but secondary to the feeling inside the home - everyone loves it, and when you see it, you'll understand why. This home was featured on the 2024 Coronado Home Tour and is well located within Coronado Neighborhood, walking/biking distance to restaurants, coffee shops, a neighborhood market, the Oak Street Bike Corridor, and the Oak Street Alley Murals. Don't miss it!!

17667 N Estrella Vista Drive Surprise, AZ 85374

$674,999
3 Beds
2 Baths
2,282 SqFt
Status Active Under Contract
MLS # 6697977
Property Type Townhouse
Price Type --
Buyer couldn't perform. Welcome home to this 3-bedroom property located in beautiful Sun City Grand! Perfect place to enjoy retirement! Great curb appeal w/stone facade, and desert landscape. Vaulted ceilings, recessed lights, and gleaming tile flooring welcomes you, with a formal living room & dining by the entrance, ideal for entertaining. The spacious great room has a cozy fireplace and entertainment niche, but the best part is the perfect views of the golf course on Granite Falls South #5 green! Kitchen has ample cabinetry, stone counters, & breakfast area. Large primary bedroom includes wood flooring, and large window. Main bathroom has dual sinks, a separate tub/shower, & walk-in closet. Desert landscape backyard overlooking the golf course, with an extended patio to relax & enjoy! Additional upgrades: Extended outdoor patio 2019 New windows in great room, dinning room, and sliding door with Mechanical blinds 2022 to easily enjoyed the view. New heating and AC units 2021 Updated main bathroom 2022 Brick veneer on front exterior 2018

14435 W Verde Lane Goodyear, AZ 85395

$674,999
5 Beds
3.5 Baths
3,454 SqFt
Status Active
MLS # 6730709
Property Type Single Family Residence
Price Type --
Home, sweet home! This beautiful 5 bed, 3.5 bath residence in Palm Valley is looking for its new owners! Great curb appeal, a low-care landscape, and a 3 car garage are just the beginning! Inside you will find a spacious living room & formal dining area w/soaring ceilings, elegant wood-look flooring, and neutral palette throughout. You'll also find a sizeable family room where you can spend quality time w/friends & loved ones! The chef's kitchen is equipped w/ample wood cabinetry, a pantry, granite counters, tile backsplash, stainless steel appliances such as dual wall ovens, pendant lighting, an island w/a breakfast bar, and a breakfast nook. End your busy day in the primary bedroom, boasting a walk-in closet and a full ensuite w/dual sinks. Also including an expansive backyard w/a covered patio and plenty of space for a pool, this home is simply a dream come true! Don't miss out!

4431 E San Gabriel Avenue Phoenix, AZ 85044

$674,999
4 Beds
3 Baths
2,565 SqFt
Status Active Under Contract
MLS # 6685845
Property Type Single Family Residence
Price Type --
PRICED TO SELL!!! This beautifully designed home offers an array of exceptional features that blend comfort, convenience, and modern living. Here's a detailed look at what makes this property stand out: Key Features: No HOA: Enjoy the freedom of living without homeowners' association restrictions. Solar Panels: Benefit from significant energy savings, especially during the summer months. Huge Workshop/Shed: Perfect for hobbyists and handypersons. Airbnb Space or Mother-in-Law Suite: Offers flexibility for additional income or accommodating guests. Two A/C Units: Ensures efficient cooling throughout the home. Proximity to Parks and Trails: Walking distance to a community park and hiking trails for outdoor enthusiasts. Interior: Bright Living Area: Abundant natural light fills the living space. Modern Fireplace: Glass electric fireplace situated below the TV area. Open Kitchen: Features new subway tile backsplash, granite countertops, and newer appliances including an oversized refrigerator/freezer and dual oven. Kitchen Island & Butler's Pantry: Provides additional prep space and storage. Laundry Room: Includes a homemade barn door, skylight, front-loading washer/dryer, utility sink, and ample counter space. Backyard: Covered Patio & Raised Deck: Perfect for outdoor entertaining with a gas propane fire pit. Gazebo Area: Offers stunning views of South Mountain. Massive Pool: Rectangular pool surrounded by synthetic grass and decorative rocks. Bedrooms: Downstairs bedrooms: Two bedrooms, including one with a Murphy bed and another with a full walk-in closet, that share a ¾ bath across the hall. Primary Bedroom: Ensuite bathroom, private patio, and separate entrance, currently used as an Airbnb. Upstairs Loft: Features beautiful mountain views and a staircase to attic storage. Second Primary Bedroom: Oversized with a sitting area, mountain views, and a large master closet with custom shelving. Luxurious Bathroom: Dual shower heads, heat light, deep soaking tub, and heated floor. Additional Features: Flooring: Bamboo laminate wood flooring in all bedrooms, 18 square ceramic tile in the common areas. Updated A/C Units: One unit replaced in 2023, the other installed in 2015 with recent updates. Furnishings: Inside furnishings available for sale outside of escrow (except the living room, patio, and Airbnb furniture, as well as heirloom pieces). Notes: Recent Updates: All improvements and updates were completed by the previous owner, except for those mentioned. This home is ready to welcome you with its exceptional features and inviting design. Come see for yourself and start living your dream today! StarLink system and mount does not convey with home.

3419 W Thoreau Lane Anthem, AZ 85086

$674,999 - 5Br/4Ba -  for Sale in Anthem Unit 12 Replat, Anthem
Open House
New
$674,999
5 Beds
4 Baths
3,366 SqFt
Status Active
MLS # 6750368
Property Type Single Family Residence
Price Type --
Live the Anthem Lifestyle! This MOVE IN READY home has an EXCELLENT FLOOR PLAN w/ 2 large flex rooms PLUS HUGE loft. Downstairs has the primary bedroom/bath PLUS 2nd bedroom & full bath. Upstairs has Large bedrooms, jacknjill bath & 4th bathroom. Wonderful features include; VAULTED ceilings,2 NEW HVAC, NEW Hot water Heater, NEW PAINT inside & out, NEW Granite, NEW jacuzzi showers, NEW LVP, carpet & more! Relax in the backyard oasis w/ extended covered patio, POOL, SPA & WATERFALL. A grassy park is across the street for neighborhood fun! The Anthem Community LIFESTYLE includes a 63 acre park w/ Big Splash Water Park, ball fields, large workout facility, tennis, Pickleball, Bball & volleyball courts, skate park, plus large pond! Minutes to I-17, outlet mall, restaurants & shopping!

20230 W Hollyhock Street Buckeye, AZ 85396

$674,995
4 Beds
3.5 Baths
2,840 SqFt
Status Active
MLS # 6697536
Property Type Single Family Residence
Price Type --
Part of the Modern Living collection, The Darius provides a sophisticated and accommodating ranch-style layout. In addition to a lavish primary suite with a roomy walk-in closet and attached double-sink bath with an upgraded deluxe tile shower-this home includes a second primary suite with an adjacent living room, perfect for multi-generational living. You'll also enjoy a 3-car garage, a study, a great room with an adjacent covered patio-featuring multi-slide doors, two additional bedrooms that share a jack and jill bathroom, and an inviting gourmet kitchen with a generous island, built-in pantry, 42'' white cabinets with matte black pulls, quartz countertops, tile backsplash, GE Plus stainless-steel appliances with chimney hood and 36'' gas cooktop and an adjacent dining nook. This home has contemporary square casing throughout, 9 x 35 tile flooring with carpet only in the bedrooms, matte black hardware. lighting and faucet packages throughout, pendant lighting at the kitchen island, and a full wet bar with upper and base cabinets in the guest living room. In addition, 10 ft ceilings, two-tone paint, ceiling fan prewires in the bedrooms, great room, study and covered patio, soft water loop in the garage, laundry sink pre-plumb, garage service door, paver driveway and walkway, front yard landscaping and exterior coach lights are also included. This home is situated on an 8760 square foot lot with a double side gate.

21672 E Roundup Way Queen Creek, AZ 85142

$674,995
4 Beds
3 Baths
2,630 SqFt
Status Active
MLS # 6720899
Property Type Single Family Residence
Price Type --
This Pomona plan is on a generous sized lot with a South facing front in central Queen Creek. The smart floorplan is a 4 bedroom, 3 full bath, 3 car garage with 8' tall garage doors. Interior finishes include 10' ceilings, Gourmet Kitchen appliances with a gas cooktop and a 36'' vent hood, HUGE shower with a rain shower head in the Primary Bathroom, expansive sliding glass door system from the Great Room to the large covered patio, and much more! Awesome location close to Queen Creek Marketplace, the brand new Costco and Fry's, and all that Queen Creek has to offer.

17440 W Carlisle Drive Surprise, AZ 85388

$674,995
2 Beds
2.5 Baths
2,354 SqFt
Status Active
MLS # 6709614
Property Type Single Family Residence
Price Type --
This stunning Skybrook floorplan is located within a 55+ only neighborhood, found within this beautifully landscaped, all-ages gated master planned community featuring an active lifestyle with golf, clubhouse activities, pools, sport courts, professional spa, and an on-site restaurant and bars. This single level home features 2 spacious bedrooms with 2.5 bathrooms and a 3 car garage. The gourmet kitchen makes a statement with its premium finishes, upgraded cabinets, and stainless steel KitchenAid appliances. The primary bedroom suite offers a luxurious bath and impressive closet space. A private flex space extends the possibilities of this home, creating plenty of space for personalization. Live the country club lifestyle at Sterling Grove!

7720 W Honeysuckle Drive Peoria, AZ 85383

$674,990
4 Beds
3 Baths
2,524 SqFt
Status Active
MLS # 6746567
Property Type Single Family Residence
Price Type --
Special Financing Available!!!!!!!!! This single-level home features Lennar's signature Next Gen® suite, ideal for multigenerational households complete with a living space, kitchenette, bedroom and bathroom. In the main home, the Great Room, kitchen and dining room are situated among a convenient and contemporary open floorplan with sliding glass doors that lead to the covered patio. The owner's suite is situated at the back of the home, with two secondary bedrooms found off the entryway. Photos are renderings of a model home, not the actual home.

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