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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8532 W Rancho Drive Glendale, AZ 85305

$674,950
5 Beds
3 Baths
2,871 SqFt
Status Active
MLS # 6734484
Property Type Single Family Residence
Price Type --
GORGEOUS 5BDRM/3BATH HOME IN MINT CONDITION W/UPGRADES GALORE!! SOARING CEILINGS & EXTENSIVE USE OF PLANK FLOORING GREET YOU AS YOU ENTER THIS OPEN & SPACIOUS FLOORPLAN! BEAUTIFUL GOURMET KITCHEN W/42' CABINETRY & QUARTZ CNTRTOPS W/LRG WATERFALL ISLAND/BRKFAST BAR - UPGRADED SS APPL, DBL OVEN, HOODED STOVE & PENDANT LIGHTING - LRG MSTR SUITE W/GLASS WALK-IN TILED SHOWER - FIBER OPTIC INTERNET - PAVERED DRIVE & WALK-WAY, COVERED PATIO + HOME CLOSE TO THE NEW MATTEL ADVENTURE PARK, CARDINALS STADIUM, SHOPPING, RESTAURANTS, ENTERTAINMENT & MORE!! A MUST SEE!!

4710 S Centric Way Mesa, AZ 85212

$674,900
3 Beds
2.5 Baths
2,661 SqFt
Status Active Under Contract
MLS # 6750711
Property Type Single Family Residence
Price Type --
Welcome to Eastmark! Here you can explore the multitude of amazing amenities that include parks, a heated resort-style pool, clubhouse, skate-park, splash pads, multiple sports facilities as well as social events! This thoughtfully designed floor plan is one of Woodside's most popular models. The Great Room creates an ideal space for entertaining and shows off a stunning multi 3 panel slider that opens up to the outdoor space, perfect for enjoying that highly sought after Arizona lifestyle! The gourmet kitchen has plenty of counter and cabinet space, pull-out shelves, upgraded pendant lights, granite countertops, beautiful white shaker cabinets, a gas cooktop, double ovens plus a trash/recycle pull-out cabinet. The spacious master bedroom and ensuite provide a relaxing retreat at the end of the day where you can kick back and unwind in your soaking tub. The master closet is huge and is affectionately referred to as the dressing room. From there you can move right into another highlight of this finely designed home which is the Super Laundry Room! This treat of a space is like no other and has endless possibilities. It's perfect for kids, pets, crafts, and/or hobbies! Additional features include a den, 4' garage extension, walk-in closets in secondary bedrooms, woven roman shades, soft water loop, designated outlet for holiday lights, low maintenance landscaping with lighting and plenty of room to add a pool, if desired. Premium lot offering privacy plus the greenbelt is directly across the street. It's an ideal location to hang out on your front porch and take in the views, watch your kids play or have morning coffee with a neighbor. Conveniently located to nearby shopping, restaurants, fine dining, and freeway access. It's all here!

1845 S Morrison Lane Gilbert, AZ 85295

$674,900
4 Beds
2 Baths
2,174 SqFt
Status Active
MLS # 6757501
Property Type Single Family Residence
Price Type --
Completely remodeled 4 bedroom 2 bathroom home. Beautiful new white shaker kitchen with quartz island and custom wood island new backsplash custom tile showers in both bathrooms, nice open living room with optional kids/playroom, laundry room inside hallway right by master bedroom, custom master tile shower with bench and double vanities walk in closet and toilet room. Very nice custom rock water feature with grotto pebble tech pool and grill and bar area for family time epoxy garage new interior and exterior paint, roof recently replaced all roofing, trane ac, all new window blinds, custom new vinyl flooring and tile bathrooms nice driveway and grass front lawn with 2 car garage!! all new trim fixtures fans and much more!! check this one out as it wont last long!

15221 N Clubgate Drive Unit 1141 Scottsdale, AZ 85254

$674,900
2 Beds
2 Baths
1,401 SqFt
Status Active
MLS # 6666784
Property Type Townhouse
Price Type --
! BACK ON MARKET newly PAINTED upgrade MAY 2024. MOVE IN READY Kierland Greens condo. This roomy 2-bed, 2-bath condo delivers lots of natural light. Large & bright living room with top of the line travertine flooring, crown molding & plantation shutters. Beautiful granite countertops in kitchen with a convenient pantry, stainless steel appliances, and plenty of cabinet space. Primary bedroom provides a private bathroom with dual sinks, a soaking tub, and an enclosed glass shower. Situated near all the action of Kierland Commons, Scottsdale Quarter and stunning golf courses. Easily get your steps in while having fun! Kierland Greens has all the beautiful ammenities one would expect. Very low turnover in this community. Beautifully maintained complex with pool and gym. Make it yours!

882 N 87th Place Scottsdale, AZ 85257

$674,900
4 Beds
2 Baths
1,628 SqFt
Status Active
MLS # 6750196
Property Type Single Family Residence
Price Type --
Welcome home! This gorgeous 4 bedroom, 2 bath Scottsdale home is move-in ready! Some of the many upgrades have included a beautifully remodeled kitchen with quartz countertops, refinished cabinets, new sink, and new appliances. Both bathrooms have also been completely and stylishly upgraded with luxury vinyl plank floors, refinished cabinets, quartz countertops, new sink and faucets and huge walk-in shower in primary. Also, a stunning complete overhaul of the backyard including new patio cover, travertine tiles, turf, pavers, and a new pool pump and light for the sparkling Pebble-tec pool with waterfall! Too many other upgrades to name! All of this on a large corner lot and in an amazing Scottsdale location that's close to Old Town, Tempe Town Lake, ASU, shopping, and freeways!

1715 S Hardy Drive Tempe, AZ 85281

$674,900
4 Beds
2 Baths
1,858 SqFt
Status Active
MLS # 6712585
Property Type Single Family Residence
Price Type --
This property is perfect for either an active STR or as a fully-furnished move-in ready home. The previous owners made over $58,000 in improvements, including new exterior siding, pool resurfacing, pool heater and automation, panel installation, replacement of old Orangeburg sewer line, new washer and dryer, new pool pump, back yard landscaping with high quality turf installation & rock in front. They also added over $55,000 worth of home furnishings and accessories. Whether you are looking for an STR opportunity or a new home, this property is move-in ready, with access to Tempe and South Scottsdale sports, dining and entertainment.

4297 E Mesquite Street Gilbert, AZ 85296

$674,900
4 Beds
3 Baths
2,068 SqFt
Status Active
MLS # 6739500
Property Type Single Family Residence
Price Type --
Stunning 4-bedroom, 2.75-bathroom home with a den, 2-car garage and PRIVATE POOL! Featuring new exterior paint and a professionally landscaped front yard with stone accents, this property offers a bright great room with wood floors, plantation shutters, and a large 3-panel slider that blends indoor and outdoor living. The gourmet kitchen showcases beautiful cabinets, stainless steel appliances, granite counters, a stylish backsplash, a walk-in pantry, and a center island with a breakfast bar. Additional highlights include a water softener, tankless water heater, Pentair pool system, and a removable pool fence. The primary bedroom features a luxurious ensuite with dual sinks, a soaking tub, and a walk-in closet. Enjoy entertaining on the spacious covered patio and by the shimmering pool.

5530 S 111th Street Mesa, AZ 85212

$674,900
4 Beds
3.5 Baths
2,715 SqFt
Status Active
MLS # 6685047
Property Type Single Family Residence
Price Type --
Welcome Home! Look no further, this beautiful property will check all your boxes! Oversized modern property situated on an large lot in Bella Via. Step inside this beautifully upgraded home and fall in love with its open spaces, including 4 bedrooms, 3.5 bathrooms, large living areas, dining room and a private study. Two master bedrooms( one downstairs and second at the upper level)perfectly designed for privacy. Large loft area, great for entertainment. Covered patio is perfect for outdoor dining and the built-in barbecue makes it easy to cook up a feast. Modern fireplace and movie projector are perfect for cozying up on relaxing nights.

656 W Johnson Drive Gilbert, AZ 85233

$674,900
4 Beds
2 Baths
2,374 SqFt
Status Active
MLS # 6739611
Property Type Single Family Residence
Price Type --
Discover your dream home in this exceptional property, boasting a spacious three-car garage and a host of upscale features. The beautifully designed primary bathroom offers a tranquil retreat, while the expansive kitchen is a chef's delight, featuring a wine cellar and a high-end Sub-Zero refrigerator/freezer. Set on a generous lot, this residence includes a sparkling pool with a diving board, perfect for entertaining and relaxation. Plus, enjoy the benefits of a solar savings! This home seamlessly combines luxury, comfort, and efficiency, making it a must-see!

8180 E Shea Boulevard Unit 1038 Scottsdale, AZ 85260

$674,900
2 Beds
2.5 Baths
1,733 SqFt
Status Active
MLS # 6718983
Property Type Townhouse
Price Type --
This beautifully updated 2-bedroom, 2.5-bathroom condo in the heart of Scottsdale is available fully furnished. The open-concept living and dining area, enhanced by natural light and a cozy fireplace, creates a warm and inviting atmosphere. The updated kitchen boasts granite countertops, new stainless steel appliances, and ample cabinet space, perfect for cooking at home. The luxurious master suite features a walk-in closet and an en-suite bathroom with a dual-sink vanity, and a nicely updated walk-in shower. The community offers a pool with a covered area. Located just minutes from Loop 101, this home provides easy access to top shopping, dining, and entertainment, as well as top-rated schools and parks. W With 1,733 sq. ft. of living space, a direct-entry 2-car garage, and bedrooms both upstairs and downstairs, this unit is perfect as a second home or for someone seeking low-maintenance living.

2323 N Central Avenue Unit 705 Phoenix, AZ 85004

$674,900
2 Beds
2 Baths
1,398 SqFt
Status Active
MLS # 6723457
Property Type Apartment
Price Type --
This historic mid-century landmark graces the Phoenix skyline with its timeless presence. Step into unit #705 and discover a truly unique, turnkey living space, meticulously designed with porcelain tile floors, quartz countertops, bespoke cabinetry, stainless steel appliances, induction stove and exquisite designer touches at every turn. The open-concept layout boasts floor-to-ceiling windows and custom patio doors that frame stunning vistas of the Midtown skyline and mountains. A spacious private balcony offers serene views of the pool and lounge area, seamlessly blending indoor and outdoor living. Enjoy an array of upgrades and exceptional amenities including ''HOA-covered'' utilities, assigned underground parking, round-the-clock concierge service, and more. Perfectly situated within walking distance of Midtown's vibrant offerings, this is more than just a homeit's your sanctuary. Welcome to your new oasis at the Regency on Central!

22324 N 102nd Avenue Peoria, AZ 85383

$674,900
4 Beds
3 Baths
2,387 SqFt
Status Active
MLS # 6721590
Property Type Single Family Residence
Price Type --
This AMAZING home offers a Sparkling Pool with Waterfall & large Stone Pavers! The popular floor plan, Gila has a dramatic grand entryway which features almost 2,400 square feet with four bedrooms, three full bathrooms and a 3-car tandem garage. The spacious owners suite offers a large walk-in closet with a gorgeous bathroom featuring an oversized walk-in shower with tile and a double sink raised vanity. Open & spacious kitchen features stainless steel appliances with a 30-inch gas GE profile cooktop, also featuring granite countertops, subway tile backsplash and island with lots of space for cooking & entertaining! Located in highly sought after area of North Peoria with convenient access to shopping, restaurants, entertainment and just a few minutes to Lake Pleasant! Enjoy all the amenities of the Meadows! Community Pool, Clubhouse, Pickleball, Volleyball, kids park & more!

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