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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13805 N Whispering Lake Drive Sun City, AZ 85351

$674,900
3 Beds
2 Baths
1,942 SqFt
Status Active
MLS # 6703831
Property Type Single Family Residence
Price Type --
Don't miss this rare Lake Dawn lakefront home in Sun City with beautiful lake views & your own backyard dock! This recently updated 3 bed/2 bath 1900 plus square foot home boasts updated flooring, 10 ft ''popcorn'' free ceilings, recessed lighting, solar panels, an updated kitchen with granite counters, pantry & white cabinets open to the main living space! Recently added climate controlled laundry/storage room, updated windows and sliding glass doors, updated 2nd bathroom, additional storage room, 2 car garage w/ more cabinets & energy efficient solar! Entertainer's dream backyard - spacious covered patio, gazebo, putting green, outdoor grill area, turf & your own dock w/swim ladder - just perfect for enjoying the lakefront views & lifestyle! Enjoy swimming, boating and fishing too!

18957 W Clinton Street Surprise, AZ 85388

$674,850
4 Beds
2.5 Baths
2,762 SqFt
Status Active
MLS # 6737883
Property Type Single Family Residence
Price Type --
Step into luxury and comfort with this meticulouslymaintained home boasting an array of upgrades both inside and out! Featuring thedesirable Dominic layout, a 3 car garage, resort-style backyard, and a chef's kitchen! The shutters and gorgeouswood-look floors create a clean neutral aesthetic ready for any style! Thoughtfullydesigned and offering 4 bedrooms, 2.5 bathrooms, and a teen room this home hasno wasted space! The kitchen has granite countertops, soft-close maple cabinetry,double wall ovens, dual walk-in panties, and a spacious kitchen island with abreakfast bar. The great room is cozy with an accent wall with a built-infireplace, a modern ceiling fan, crown molding, surround sound, and amulti-panel sliding glass door that open up to your private oasis. The primary suite is gener Step into luxury and comfort with this meticulously maintained home boasting an array of upgrades both inside and out! Featuring the desirable Dominic layout, a 3 car garage, resort-style backyard, and a chef's kitchen! The shutters and gorgeous wood-look floors create a clean neutral aesthetic ready for any style! Thoughtfullydesigned and offering 4 bedrooms, 2.5 bathrooms, and a teen room this home hasno wasted space! The kitchen has granite countertops, soft-close maple cabinetry,double wall ovens, dual walk-in panties, and a spacious kitchen island with a breakfast bar. The great room is cozy with an accent wall with a built-in fireplace, a modern ceiling fan, crown molding, surround sound, and a multi-panel sliding glass door that open up to your private oasis. The primary suite is generous in size with a private exit to the backyard and a lavish ensuite bathroom with a dual sink vanity, soaking tub, and walk-in closet! The remaining bedrooms are move-in ready! Through the upgraded sliding glass door you will be welcomed by your dream backyard!With a covered patio, easy-care artificial grass, and a refreshing pool with a water feature. Enjoy the mountain views from the built-in seating and wood-burning fire pit! Additional features include an RV gate, sunscreens, and garage storage cabinets. This home is a dream come true!

22546 E Saddle Way Queen Creek, AZ 85142

$674,497
5 Beds
3.5 Baths
3,340 SqFt
Status Active
MLS # 6723232
Property Type Single Family Residence
Price Type --
Includes, Aristokraft Benton Painted White Cabinets, Gourmet Kitchen Appliances with 30'' Gas Cooktop and Stainless-Steel Hood. Della Terra Quartz Kitchen Counters - New Venatino Beige, 12' Sliding Glass Door at Kitchen, Frameless Walk-In-Shower At Primary Bath With Custom Tile Surrounds, Door From Primary Closet To Laundry Room, Black stained Maple Stair Railing, Snowbound interior paint, Venetian Bronze fixtures with Matte Black door hardware, Upgraded Flooring Luxury Vinyl Plank Springfield Oak and Upgraded Carpet. Paver Driveway and Walkway, Front Yard Desert Landscape, RO System, 2'' Faux Wood Blinds, LEED Certified with Smart Home features, a Farmhouse exterior style, and more. Estimated completion is September 2024.

72 County Road 8144 -- Vernon, AZ 85940

$674,000
4 Beds
3 Baths
3,000 SqFt
Status Active
MLS # 6743418
Property Type Single Family Residence
Price Type --
Mountain Retreat on 5 Acres Escape the hustle and bustle and discover your private mountain retreat. Nestled in the pines on a fully fenced 5.05 acres bordering state land, this stunning 3-level walk-out basement home offers the perfect blend of comfort and convenience. Enjoy the tranquility of the surrounding nature while still being within easy reach of local amenities. Privacy and Tranquility: Immerse yourself in the peacefulness of the mountain pines. Spacious Living: With over 3,000 square feet of living space, there's tons of room for family and guests. Outdoor Oasis: The expansive Trex deck provides the perfect spot for entertaining or simply relaxing with breathtaking mountain views. Flexible Living: The basement offers a separate living area with a bedroom, bathroom, and wet bar, ideal for in-laws or guests. Modern Amenities: Enjoy the convenience of new Samsung appliances, granite countertops, and stylish finishes throughout the home. Prime Location: Situated in the private Mountain Pine Ranch community, you'll have easy access to the I-60 on county-maintained roads (15 minutes to Show Low), or hiking/horseback/UTV trails right around the corner. Walking distance to the local general store for some of the mountains best pizza and a beer! Don't miss this opportunity to own your own piece of mountain paradise. Experience the tranquility and beauty of this exceptional property.

21320 N 56th Street Unit 1199 Phoenix, AZ 85054

$674,000
2 Beds
2 Baths
1,884 SqFt
Status Active
MLS # 6747324
Property Type Apartment
Price Type --
Welcome to your dream condo in the resort-style community of Bella Monte! This rare first-floor gem features 2 bedrooms, plus an office/ or guest room, making it the largest floor plan in Bella Monte. Step inside and experience the open-concept layout and charming stone fireplace. The upgraded kitchen boasts solid wood cabinetry and sleek brand new stainless steel appliances. Step outside to a spacious and private back patio, perfect for outdoor living. A 2-car garage adds convenience and keeps your car cool. Located near Highway 101 and High Street, you're just minutes away from fantastic dining, shopping, and Paradise Valley. Experience the ease of low-maintenance living without compromising on luxury. Bella Monte boasts 3 pools, spas and workout rooms! Photos virtually staged.

504 N 297th Lane Buckeye, AZ 85396

$674,000
4 Beds
2 Baths
1,850 SqFt
Status Active
MLS # 6746288
Property Type Single Family Residence
Price Type --
New Build Dream Home! Completion date early December 2024. Large 4-bedroom, 2-bathroom, 2-car garage on a 1-acre corner lot. Open Floor plan with large great room and eat in kitchen. Custom shaker cabinets with soft close drawer and doors. Spacious master suite with double sinks, quartz counter tops, walk in closet, private entrance to the covered patio.

19475 N Grayhawk Drive Unit 2169 Scottsdale, AZ 85255

$674,000
3 Beds
2 Baths
1,714 SqFt
Status Active
MLS # 6686409
Property Type Townhouse
Price Type --
Welcome home! This fabulous 3-bedroom townhome is located in the luxurious gated-community of Tesoro at Grayhawk. The split, second-story floor plan is upgraded with custom finishes throughout including partially brand-new carpet, a chef's kitchen with stainless steel appliances, absolutely gorgeous white herringbone ceramic tile floors, granite countertops throughout, silhouette blinds, plantation shutters, gas fireplace, and a wine bar with wine cooler. All appliances, including washer, dryer, and water softener included! Peaceful balcony in the rear of the home and convenient keyless garage entry. Come see - you'll love it!!

871 W Saddle Run Apache Junction, AZ 85120

$673,340
4 Beds
3 Baths
2,649 SqFt
Status Active
MLS # 6754612
Property Type Single Family Residence
Price Type --
Welcome to Blossom Rock! The east valley's newest master planned community. With views of the Superstition Mountains and a wealth of amenities currently in the making including three community parks, dozens of neighborhood parks, a community school, miles of trails, beautiful lakes, and indoor and outdoor gathering spaces all meant to serve as the backdrop of the calendar of signature events and annual celebrations currently being created.

22463 E Stirrup Street Queen Creek, AZ 85142

$672,456
4 Beds
3 Baths
2,665 SqFt
Status Active
MLS # 6717504
Property Type Single Family Residence
Price Type --
Located in Orchard at Madera, a Queen Creek neighborhood, this lovely new single-level home features 4 bedrooms plus a game room, 3 bathrooms, and an attached 3 car garage. Designer selections include an Executive appliance package in the kitchen with a 36'' gas cooktop and double wall ovens, Hana Sky Quartz countertops at the kitchen, Benton painted white cabinets with an extension at the kitchen nook, an upgraded kitchen faucet and plumbing trim at all the bathrooms, upgraded rectangle sinks at all baths, a frameless shower with a rain can showerhead and custom surrounds, 2'' faux wood blinds, 8'' x 40'' wood plank tile floors and upgraded carpet, and a 16' sliding glass door from the great room to the covered patio. In the kitchen over the island the ceiling is pre-wired for pendants.

14799 W Pasadena Avenue Litchfield Park, AZ 85340

$672,000
5 Beds
4 Baths
3,910 SqFt
Status Active
MLS # 6693658
Property Type Single Family Residence
Price Type --
Welcome to a charming home with a story to tell! Nestled in tranquil Palm Valley, this property boasts the distinction of being cherished by its original owner, making it a rare find in today's market.Step inside and be greeted by a warm and inviting atmosphere. This meticulously maintained residence offers 5 bedrooms, 4 bathrooms, and a separate office and loft providing ample room for relaxation and entertainment, as well as a casita with a separate entrance perfect for visitors or multi generational living. The heart of the home is the well-appointed kitchen which is a haven for culinary enthusiasts, featuring white cabinets, stainless steel appliances and large island. Whether you're hosting family gatherings or intimate dinners, this kitchen is sure to impress, and is open to the living area for seamless entertaining. Step outside through the multi panel sliding door that offers the best views of your beautifully landscaped yard, with 2 separate covered patios. Imagine sipping your morning coffee on the patio as you bask in the serenity of your surroundings and mountain views.Conveniently located inclose proximity to 303 Interstate, i-10, and 101. Wigwam resort, multiple golf courses & shopping.

12976 W Kokopelli Drive Peoria, AZ 85383

$672,000 - 2Br/2Ba -  for Sale in Trilogy At Vistancia, Peoria
Open House
$672,000
2 Beds
2 Baths
1,813 SqFt
Status Active
MLS # 6754669
Property Type Single Family Residence
Price Type --
Welcome to your dream home, ideally situated close to the Kiva Club within the stunning Trilogy at Vistancia community. This move-in ready gem is tailor-made for entertaining both friends and family, offering seamless indoor and outdoor living. Once inside you'll find a palette of neutral tones throughout, enhancing the home's timeless appeal. The kitchen is a chef's delight, featuring staggered maple cabinetry, sleek Stainless-Steel appliances, a gas cooktop, and luxurious granite countertops. Cozy up by the gas fireplace in the spacious living room, which also boasts a large breakfast island perfect for casual dining. Privacy is paramount with a guest bedroom and a separate den, offering versatile living spaces for your needs. The backyard oasis is nothing short of extraordinary, with elegant travertine tile, a covered patio, a built-in gas BBQ, a gas fire pit, and a sparkling heated pool with a spillover spa - ideal for both relaxation and entertaining. Nestled in the award-winning, gated 55+ Trilogy at Vistancia community, you'll enjoy unparalleled resort-style amenities at the expansive 35,000-square-foot Kiva Club. The Kiva Club includes indoor and outdoor pools, a state-of-the-art fitness center, a day spa, a café, billiards, meeting rooms, a library, tennis courts, pickleball, bocce ball, and a variety of events and activities to suit every interest. Golf enthusiasts will appreciate the outstanding Gary Panks-designed course that weaves throughout the neighborhood. Convenient access to the 303 freeway ensures you're close to shopping, dining, entertainment, Lake Pleasant, and Peoria's new Paloma Park, brimming with amenities. This home is more than just a residence - it's a lifestyle. Don't miss your chance to experience it for yourself!

7204 W Hedge Hog Place Peoria, AZ 85383

$671,990
3 Beds
2.5 Baths
2,253 SqFt
Status Active
MLS # 6752664
Property Type Single Family Residence
Price Type --
Up to 3% of base price or total purchase price, whichever is less, is available through preferred lender plus additional 3% of base price or total purchase price, whichever is less, is available to be used toward closing costs, pre-paids, rate buy downs, and/or price adjustments. Move-in Ready. The Horizon is a stunning two-story home on an extra-deep lot, featuring 3 bedrooms, 2.5 baths, a first-floor owner's suite with a separate tub and shower, den, and loft. The chef's kitchen boasts a gas cooktop, mocha maple cabinets, and quartz countertops. Enjoy luxury vinyl plank and carpet flooring, a whole-house electrical package, front yard landscaping, and more.

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