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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16074 W Cortez Street Surprise, AZ 85379

$670,000
4 Beds
3.5 Baths
3,348 SqFt
Status Active
MLS # 6691064
Property Type Single Family Residence
Price Type --
***Motivated Seller*** Gorgeous two-story home nestled in the highly desirable community of Greer Ranch with indoor-outdoor resort-style living. As you walk through the courtyard with mature landscaping you will enjoy its timeless beauty. This spacious 4 bedrooms/3.5 bathrooms with 1 bedroom & 1.5 bath located downstairs flows seamlessly from room to room. Large master suite, master bath vanity has granite counter tops with double sinks, separate shower, relax while soaking in the large garden tub. Nice size master walk-in closet will check all your boxes! A cozy family room with new carpet. Gorgeous eat-in-kitchen is fit for entertaining and features granite counter tops, island for extra prep & storage, stainless steel appliances, gas stove/oven, R/O drinking water system. Head upstairs to a large loft, master suite & bath, 2 bedrooms & second bath also with granite counter tops. Ceiling fans throughout. Resort-style desert oasis backyard features covered patio, travertine decking throughout the back yard, sparkling saltwater pool that includes a water feature and electric heating /cooling system to help with the colder nights and warmer days, and lighting to give it that amazing ambiance. Gorillas' basketball hoop with concrete court. 3 car extended garage with a 2/1 split. Gated dog run with dog door. This home also includes automated smart home switches and paid solar system to help with energy cost. This home is ideally located less than a few minutes from Route 303, premier dining, shopping, entertainment and much more. This home is truly a must see! Don't miss your chance to own this distinctive home and start making heart warm memories with your friends and family!

14200 W Village Parkway Unit 2045 Litchfield Park, AZ 85340

$670,000
3 Beds
2.5 Baths
2,049 SqFt
Status Active Under Contract
MLS # 6671868
Property Type Single Family Residence
Price Type --
This Cachet at the Wigwam home on a cul-de-sac lot w/ 2car + additional golf cart garage offers privacy and tranquility. Whether you're starting your day with a leisurely stroll or hitting the golf course, there's something for everyone. Gated community includes workout facility, pool & hot tub. Split floor plan with two master suites, Office w/French doors, 2.5 baths. Living room is a bright space with upgraded double sliding doors, seamlessly extending your living area. Kitchen is a chef's dream, with a breakfast bar, gas stovetop, large island, wall ovens, micro/convection oven, granite countertops. Backyard is perfect for outdoor entertaining with 2 patios & extended pergola.

2821 W Libby Street Phoenix, AZ 85053

$670,000
5 Beds
3 Baths
2,636 SqFt
Status Active
MLS # 6713274
Property Type Single Family Residence
Price Type --
Welcome to your dream home, a one-of-a-kind custom-built masterpiece that exudes elegance and sophistication. Built in 2019, this is the newest two-story house on the block, featuring a grand entry with a stunning wood door that sets the tone for the luxury within. This exceptional residence offers unparalleled luxury and modern amenities, ensuring a lifestyle of comfort and convenience. With five generously sized bedrooms, there's ample space for family, guests, or even a home office. Each bedroom is designed to provide maximum comfort and privacy, complemented by three beautifully appointed full bathrooms with high-end fixtures and finishes, offering a spa-like retreat for your daily routine.The heart of the home features custom cabinets and top-of-the-line stainless steel appliances, perfect for the home chef. Granite countertops add a touch of elegance to the kitchen's open layout, which is ideal for entertaining and family gatherings. The living spaces are adorned with stunning wood floors, and the grand wood staircase adds warmth and charm to the interior. Vaulted ceilings create an airy and spacious ambiance, while double wide patio glass doors seamlessly connect the indoors with the outdoor living areas. For those with a passion for travel, the RV gate provides convenient storage and access for your recreational vehicles, making it easy to embark on your next adventure. The home is equipped with two high-efficiency air conditioning units, ensuring comfort throughout the year. Energy-efficient windows by Milgard and foam insulation enhance the home's sustainability and energy savings. Recessed lighting throughout the home provides a modern touch and brightens every corner. The garage features an 8-foot door with extended height, perfect for larger vehicles. Additionally, the oversized water heater ensures that you'll never run out of hot water. The extended back patio is perfect for outdoor living and entertaining, complete with electrical wiring for up to three ceiling fans. The backyard also features a full-size shed for extra storage and is enclosed by a block stucco wall for added privacy and security. The home also boasts a comprehensive salt water filtration system for clean and healthy living. The exterior of this custom-built gem boasts a stylish stucco finish, adding to its unique architectural design. Every detail of this home has been thoughtfully designed to offer the utmost in modern living. From the open-concept living spaces to the high-quality materials used throughout, this home is the epitome of luxury. This property is not just a house; it's a lifestyle. Don't miss the opportunity to own this extraordinary home that combines unique design, luxurious features, and modern amenities. Schedule a private tour today and experience the beauty and elegance of this exceptional property.

8301 W Escuda Drive Peoria, AZ 85382

$670,000
3 Beds
2 Baths
2,307 SqFt
Status Active
MLS # 6724010
Property Type Single Family Residence
Price Type --
Welcome to your new cul-de-sac home in the amenity-packed neighborhood of Westbrook Village! This beautifully updated home features a spacious floor plan with a great room that's perfect for entertaining. The gourmet kitchen showcases granite countertops, gas range, breakfast bar, island, dry bar, and an eat-in kitchen area. The corner-lot backyard is perfect for relaxation and entertaining, including a large covered patio, sparkling pool, hot tub, low maintenance landscaping, and plenty of extra space for your personal touch. This 3-car garage home also had a new roof and HVAC installed in 2022! Westbrook Village is a premier Active Adult Community with two recreation centers, two 18-hole golf courses, driving range, two resaurants, tennis, pickleball, pool & spa, and so much more!

3535 W Morgan Lane San Tan Valley, AZ 85144

$670,000
5 Beds
3 Baths
3,190 SqFt
Status Active
MLS # 6720802
Property Type Single Family Residence
Price Type --
Nestled in the desirable San Tan Heights community, this 5-bedroom, 3-bathroom home offers comfort and style to impress even the most discerning buyers. The spacious newly painted home features a renovated kitchen, luxury vinyl flooring, and an inviting living space with an abundance of natural light flooding through. The gourmet kitchen is a chef's dream featuring high-end stainless-steel appliances, quartz counters and a huge island with plenty of storage. The master suite boasts a full bath with double sinks, a private toilet room, and a separate shower and tub. Outside, a private pool with a waterfall rock feature awaits, perfect for relaxing or entertaining. Three car garage with your own Tesla high speed charger. Don't miss out on this Arizona oasis!

7458 E Odessa Circle Mesa, AZ 85207

$670,000
4 Beds
2.5 Baths
2,150 SqFt
Status Active
MLS # 6695836
Property Type Single Family Residence
Price Type --
An exclusive retreat behind the notable gates of Las Sendas. Tee off at a golf course widely ranked among the top 10 in the area. This residence boasts a newer roof, HVAC, and solar panels for eco-friendly living. The lush front yard landscaping welcomes you to high ceilings and premium wood flooring throughout. Enjoy an open concept layout with abundant windows, formal dining room, granite counters, and premium appliances. The oasis backyard features an outdoor kitchen, saltwater pool, spa, covered patio, and second-story view deck. Enjoy the convenience of highly regarded neighborhood schools and reach either airport in 20 minutes. Amenities include pools, pickleball and tennis courts, playgrounds, splash pads, trails, spa and fitness center. This home combines comfort and community.

2620 N 64th Street Mesa, AZ 85215

$670,000 - 4Br/2Ba -  for Sale in Painted Mountain Estates Amd, Mesa
Open House
$670,000
4 Beds
2 Baths
2,172 SqFt
Status Active
MLS # 6747558
Property Type Single Family Residence
Price Type --
Welcome to a rare opportunity to own a stunning residence with a view of the Painted Mountain Golf Course. This light and bright 4-bed, 2-bath gem offers a perfect blend of luxury and comfort. Step inside to discover a beautifully remodeled kitchen with modern finishes and an inviting open layout. The split Master suite provides privacy and a serene retreat. Three additional bedrooms include over sized closets. Enjoy outdoor living at its finest with a backyard with mature citrus and heated pool and spa that promise year-round relaxation. RV gate, and 3 car garage for your toys. All this and no HOA! This home truly has it all—luxurious living spaces, exceptional amenities, and a prime location with unbeatable golf course views. Don't miss this rare find!

2536 E Montecito Avenue Phoenix, AZ 85016

$670,000 - 3Br/2Ba -  for Sale in Hoffman Terrace 1, Phoenix
Open House
$670,000
3 Beds
2 Baths
2,318 SqFt
Status Active
MLS # 6740456
Property Type Single Family Residence
Price Type --
Seller may consider buyer concessions if made in an offer. Welcome to this charming home that boasts a cozy fireplace for those chilly nights. The kitchen is a chef's dream with all stainless steel appliances and a center island that provides extra counter space. An accent backsplash adds a touch of elegance to the kitchen. The primary bathroom offers a touch of luxury with its double sinks, designed for convenience and efficiency. The property also features a fenced-in backyard, perfect for private outdoor activities. Enjoy the outdoors from the comfort of your patio. This home is the perfect blend of comfort and style, waiting for you to make it your own.

10918 E San Tan Boulevard Sun Lakes, AZ 85248

$670,000 - 2Br/2Ba -  for Sale in Palo Verde, Sun Lakes
Open House
New
$670,000
2 Beds
2 Baths
1,912 SqFt
Status Active
MLS # 6758871
Property Type Single Family Residence
Price Type --
Lovely custom Palacia floor plan on golf course in Palo Verde. 18th FAIRWAY! Come into this spacious open concept. Great for entertaining. The great room includes the living room, formal dining room and kitchen. The kitchen is a chef's dream- large granite island, stainless steel appliances, plenty of cabinets. 2 Bedrooms, 2 baths. Spacious Primary Suite features separate sitting area . Ideal for an office. Primary bath features 2 vanities, large walk in closet. Guest bedroom has walk in closet. Laundry room including washer and dryer and cabinet space. 2 car garage and golf cart garage. Enjoy the large screened in patio or exterior covered patio overlooking the desert landscaping and golf course. A MUST SEE!

688 W Ebony Way Chandler, AZ 85248

$670,000 - 3Br/2Ba -  for Sale in Fox Crossing, Chandler
Open House
$670,000
3 Beds
2 Baths
2,157 SqFt
Status Active
MLS # 6716664
Property Type Single Family Residence
Price Type --
PRICE REDUCED!!! LOCATION! LOCATION! **NEW GRANITE COUNTERS in the KITCHEN and BATHROOMS!! *** All the CABINETS have been freshly painted! This beautiful home has 3 bdrms/2 bths with DEN can convert to extra bdrm. A spacious 3-car garage. The floor plan features a cozy family room, formal dining area, and formal living room. 5 Blink cameras and an alarm system that coveys with the home. Other recent upgrades- new A/C, with all new duct system in 2021, a new gas hot water heater 2023, and fresh paint both inside and out, including inside the garage! The backyard is a beautifully landscaped oasis with a stunning pool, perfect for relaxation and entertaining. This move-in-ready home is just waiting for you to make it your own!

1123 E Sheffield Avenue Gilbert, AZ 85296

$669,999
5 Beds
3 Baths
2,324 SqFt
Status Active Under Contract
MLS # 6694456
Property Type Single Family Residence
Price Type --
sqft, 2 car garage, covered patio and a sparkling pool. The kitchen comes with stainless-steel appliances, quartz countertops and brand-new white shaker cabinets. Brand new vinyl wood flooring & upgraded carpet throughout the home. Enjoy the fully upgraded, spa like bathrooms with high end shower system, framed mirrors, shower niche, and custom vanities. Large backyard with a covered patio & an oasis like pool to enjoy those beautiful desert nights. Located in a lovely neighborhood located close to shopping, parks, schools, and dining. Must see!

25622 N Singbush Loop Phoenix, AZ 85083

$669,999
6 Beds
3.5 Baths
3,739 SqFt
Status Active
MLS # 6736609
Property Type Single Family Residence
Price Type --
LISTED UNDER APPRAISED VALUE!! This stunning home in the sought-after 85083 zip code is the perfect blend of chic style and desert tranquility. With 3,740 sq ft of space to play with this home is a dream. Picture this: walk right in to new flooring that are stylish and sturdy, swanky two-tone cabinets that are straight-up Instagram-worthy. Oh, and guess what? We've got not one, but TWO bedrooms downstairs for whatever you fancy. Upstairs boast a loft, HUGE master bedroom and additional bedrooms. Now, let's talk outdoor oasis - your backyard is practically begging for parties with pavers and lots of room to entertain Plus, the hood is all about community vibes, and you're just a hop, skip, and a jump from schools and shopping!!

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