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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12733 W Banyan Drive Sun City West, AZ 85375

$669,995 - 4Br/3Ba -  for Sale in Sun City West Unit 12, Sun City West
New
$669,995
4 Beds
3 Baths
2,890 SqFt
Status Active
MLS # 6759547
Property Type Single Family Residence
Price Type --
Welcome to your Sun City West 4 bedroom, 3 bathroom oasis! Are you looking for 2 master suites, golf course lot, split floorplan & a fully updated home? We got all that for you and more! Enjoy coming home and entertaining in your gorgeous kitchen with an oversized island that is open to your dining room & family room. Soft close cabinetry. Dual sided fireplace compliment living spaces and give a gorgeous focal point. Luxury vinyl plank flooring throughout home. Bathrooms have fantastic upgrades including stunning tile, cabinetry & fixtures. 2 car garage with attached cabinets. New roof. Dual pane windows. Come see all the home & community have to offer!

22709 E Lords Way Queen Creek, AZ 85142

$669,990
3 Beds
2.5 Baths
2,702 SqFt
Status Active
MLS # 6751283
Property Type Single Family Residence
Price Type --
Welcome to the stunning single-story Craftsman Topaz home in Madera, offering 2,702 sq ft. This home features 3 spacious bedrooms, 2.5 baths, butler's pantry and a bonus room. Enjoy 10' ceilings and 8' interior doors that enhance the open, airy feel. The great room seamlessly connects to the backyard through a 4-panel sliding glass door, perfect for designing your ideal outdoor retreat. The gourmet kitchen includes stainless steel appliances, White & Natural shaker cabinets, Crisp Stria Quartz countertops, and a tiled backsplash. Upgraded wood plank tile floors and plush carpeted bedrooms add to the comfort, while designer tile accents the primary bathroom. The spa-like primary bath includes a freestanding tub and a tiled shower with the upgraded Gibson Premium Package. Located near Pickleball courts, Bocce Ball, playgrounds, and the new Frontier Family Park.

42158 N Golden Trail San Tan Valley, AZ 85140

$669,990
4 Beds
3 Baths
2,513 SqFt
Status Active
MLS # 6733569
Property Type Single Family Residence
Price Type --
Welcome to Edgewood Estates, where luxury meets practicality! Step through the expansive foyer into a spacious great room, boasting a stunning wall of windows, perfect for entertaining guests or enjoying family time. The kitchen is a chef's dream with beautiful cabinets, a spacious island for meal prep or casual dining, and high-end finishes throughout. Retreat to the private primary suite featuring a relaxing primary bath and a generously sized walk-in closet. This home also features an Extra Suite Plus, ideal for multi-generational living or hosting guests with privacy and comfort. ^Up to 5% of Base Price can be applied towards closing cost and/or short-long term interest rate buydowns when choosing our preferred Lender. Additional eligibility and limited time restrictions apply.

14927 N 55th Drive Glendale, AZ 85306

$669,980
5 Beds
3.5 Baths
3,053 SqFt
Status Active
MLS # 6755286
Property Type Single Family Residence
Price Type --
LEED Certified Gold Home. 5 Bedroom all with walk in closets. 3.5 Bath, Huge loft. 2 car Garage. Benton Birch Burlap Cabinets. New Caledonia granite kitchen countertops. Kitchen 42'' uppers. GE gas range, SS appliances. Tile flooring is 6'' X 36'' wood looking tile

2542 W Kit Carson Trail Anthem, AZ 85086

$669,949 - 5Br/3Ba -  for Sale in Anthem Unit 25, Anthem
Open House
$669,949
5 Beds
2.5 Baths
2,968 SqFt
Status Active
MLS # 6711929
Property Type Single Family Residence
Price Type --
Welcome to your Dream Home at this stunning and spacious 2,968 square foot, coveted Victory model that offers an exceptional blend of beauty, functionality, and modern convenience -in the award-winning Master Planned Community of Anthem, with its 63-acre park, various sports fields and courts, fitness center, skate park and more - all included with your HOA! Perfectly positioned on a north/south facing lot, this home is designed to maximize natural light while minimizing heat exposure. Upon entering this gorgeous home, you'll be greeted by an expansive living space large enough for all to enjoy! The heart of the home, the kitchen, has been completely updated to meet the needs of the most discerning chef. It features sleek Corian countertops, custom cabinets, a large center island with seating, and stainless steel appliances. The pantry provides plenty of storage space, while the adjacent breakfast area offers the perfect spot for making memories around the table. This home boasts five spacious bedrooms, with the primary suite and a den conveniently located on the main floor. The primary bedroom is a true retreat, featuring a large walk-in closet, and an en-suite bathroom with dual sinks, a soaking tub, and a separate walk-in shower. The den, tucked away on the main floor, can easily be converted into a sixth bedroom, perfect for guests or multi-generational living. Upstairs, you'll find four generously sized bedrooms, each with ample closet space and large windows. Wait until you see the beautiful Castle like bedroom, fit for royalty! A full bathroom serves the upstairs bedrooms, making it convenient for family members and guests alike. The upstairs also features a dedicated tech center, ideal for remote work or homework. The backyard is a private paradise, perfect for both relaxation and recreation. The centerpiece is a sparkling pool, surrounded by beautiful landscaping and a spacious patio area. Whether you're hosting a summer barbecue or enjoying a quiet evening under the stars, this outdoor space has everything you need. Living in Anthem means enjoying access to a plethora of amenities and activities. The community has been recognized as the Best Master Planned Community and one of Phoenix Magazine's Best Family Friendly Neighborhoods and Best Master Planned Community for Children. Residents have access to over 15 miles of hiking and biking trails, offering endless opportunities for outdoor adventures. The Anthem Community Center is a hub of activity, featuring tennis courts, pickleball courts, other various fields/courts, multiple pools, a state-of-the-art fitness center, and much more. This home offers the perfect combination of luxurious living with modern amenities, and a vibrant community lifestyle. Don't miss the opportunity to make this beautiful house your new home! Additional Features: - Newer HVAC units ensure efficient climate control throughout the year at this beautiful North/South facing home. - A newer hot water heater. - Freshly painted interior - The three-car garage comes equipped with a charging station, ideal for electric vehicle owners.

1843 E Laguna Drive Tempe, AZ 85282

$669,900
5 Beds
3 Baths
2,650 SqFt
Status Active Under Contract
MLS # 6746771
Property Type Single Family Residence
Price Type --
Welcome to your dream home! This stunning 5 -bedroom, 3-bathroom residence sits on a spacious 9,792 sq ft lot in a peaceful neighborhood with no HOA restrictions. With 2,650 sq ft of living space, the home features a large family room, and media room providing versatile spaces for work and play. The kitchen is a chef's delight with granite countertops, a pantry, and both formal and eat-in dining areas. Outside, you'll find a covered patio that overlooks a low-maintenance yard, complete with a private pool and above-ground jacuzzi. Additional perks include storage, an RV gate, and ample parking. Conveniently located near the Loop 101 and US60 freeways, this home offers the perfect blend of comfort, style, and accessibility.

4726 S 180th Drive Goodyear, AZ 85338

$669,900
4 Beds
2.5 Baths
2,022 SqFt
Status Active Under Contract
MLS # 6746226
Property Type Single Family Residence
Price Type --
Desert elegance describes this custom home with amazing horse property with mountain views seated on over an acre lot! Step through the front door & see soaring ceilings & modern finishes. The chef's kitchen boasts gorgeous quartz counters, shaker cabinetry, top tier appliances, & opens to the family room with a fireplace - ideal for entertaining. Relaxing primary retreat features an impressive updated ensuite bathroom with dual vanity with quartz counters, incredible walk-in shower & an EPIC walk-in closet with custom shelving. Also featured, a 3-car extended garage with epoxy flooring, massive driveway, storage shed, newer roof (2020), water filtration system, & SOLAR. Located in a private community with quick access to hiking trails, top schools, golfing, shopping, dining, & more!

8045 N 14th Street Phoenix, AZ 85020

$669,900
3 Beds
2 Baths
1,758 SqFt
Status Active
MLS # 6745672
Property Type Single Family Residence
Price Type --
**Attention** Investment opportunity in North Central Phoenix! This property includes a 1758 Sf Main Home and 900 SF Remodeled Casita. Both units are leased, generating $4,320/lease monthly. NO HOA. 15,027 Sf lot with plenty of room for future expansion. The main home includes a spacious kitchen, living/family room, large, covered patio with a large backyard and RV gate. The 2-bed, 1-bath Casita includes New white shaker cabinets, stainless-steel appliances and LVP flooring. Conveniently Located near the Phoenix Mountain Preserve with quick access to hiking trails, Great Local dining, shopping, and the 51 Freeway. Quick access to anywhere in the valley, 10 minutes to Downtown Phoenix. If you're looking for an investment opportunity, check this out today to see the potential for yourself

4623 E Roy Rogers Road Cave Creek, AZ 85331

$669,900 - 3Br/2Ba -  for Sale in Tatum Ranch Parcel 43a, Cave Creek
New
$669,900
3 Beds
2 Baths
1,858 SqFt
Status Active
MLS # 6758330
Property Type Single Family Residence
Price Type --
Experience luxury living in Tatum Ranch! This bright, inviting T.W. Lewis home features soaring ceilings, high-end finishes, and updated windows throughout. Enjoy elegant tile floors and plush carpeting in all the right places. The gourmet kitchen boasts stone countertops, stainless steel appliances, an electric cooktop, and a breakfast bar, opening to a spacious family room ideal for entertaining. The primary suite offers a peaceful retreat with a renovated ensuite bath featuring a dual vanity and a walk-in shower. Step outside to your covered patio, perfect for BBQs, gatherings, or relaxing by the heated Pebble Tec pool. Located in Tatum Ranch, you're just minutes from highways, schools, shopping, and dining in Cave Creek.

9904 E Monterey Avenue Mesa, AZ 85209

$669,900
4 Beds
2 Baths
2,701 SqFt
Status Active
MLS # 6735242
Property Type Single Family Residence
Price Type --
Welcome to this beautiful home on an Oversized N/S Lot in the Prestigious Augusta Ranch Golf community. This spacious home has 4 large Bedrooms, Split Floor Plan, Separate Living & Family Rooms w/ Vaulted Ceilings. The Eat-In Kitchen has an Island/Breakfast Bar, Gas Range, b/i Microwave, walk in pantry & additional built in Cabinets in Laundry Room. Primary bathroom has Shower & Tub, Dual Sinks & Walk-In Closet. This home has Ceiling fans, wood plantation shutters & neutral 2 tone paint throughout. The Large Backyard is perfect for your next BBQ w/ an enormous Covered Patio & 3 fruit trees (lime, orange, grapefruit), palm trees and is extra spacious. 3 car Garage has many b/i Cabinets, Service Door & tankless water heater. This home is in one of the best communities in East Valley.

4444 E Jesse Street Gilbert, AZ 85295

$669,900
4 Beds
3 Baths
2,420 SqFt
Status Active
MLS # 6731266
Property Type Single Family Residence
Price Type --
Fabulous 4 bedroom/3 bath floorplan located in the highly sought after community of Cooley Station. The open floorplan boasts 10 foot ceilings with the primary en suite, 2 bedrooms, a full bathroom, and large laundry room with built in cabinets on the first floor. The gourmet kitchen includes a farmhouse sink, LED dimmable lighting under kitchen cabinets, subway tile surround on kitchen Island, upgraded kitchen cabinets with crown molding, and ceramic subway tile back splash. A nice size loft, sitting area, bedroom, and full bath are located upstairs- perfect for guests! Exit out to the beautifully landscaped yard from the kitchen to a large covered patio and artificial turf. The community offers 2 pools and 4 large parks; 1 just footsteps from the front door. Complete front landscape and back alley landscape fully maintained by the HOA. This home is designed with functionality and style in mind, catering to both practical needs and aesthetic preference. The combination of modern amenities and thoughtful details suggests a well-appointed and comfortable living space. Don't miss this wonderful opportunity to live in Cooley Station!

11133 E Ocaso Avenue Mesa, AZ 85212

$669,900
2 Beds
2 Baths
1,981 SqFt
Status Active
MLS # 6714145
Property Type Single Family Residence
Price Type --
*** THIS IS THE ONE *** Located in the 55+ Community of Sunland Springs Village *** Originally built like the model with all of the interior upgrades *** The Popular 1950 Floor Plan *** Large Front & Back Patio's *** Built-in Back-yard BBQ *** Putting Green *** Outdoor Jacuzi *** Over sized Garage With 4 ft Extension / Built-in Cabinets / Epoxy Floor / Tankless Hot Water Heater / Water Softener *** Large Master Bath With Walk-in Shower *** Let the Pictures Speak for them-selves *** Don't let this one get away!

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