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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42817 N 8th Street New River, AZ 85087

$699,977

3 Beds

2 Baths

2,200 SqFt

Status Active

MLS # 6686573

Property Type Single Family Residence

Price Type --

Huge Price Correction! Be the envy of all your friends as you live the life of luxury with Amazing views and a remodeled home. This beauty is situated on a serene hill with acreage & no surrounding neighbors allowing for privacy. Each room offers captivating panoramic views, creating a picturesque retreat. This open floor plan includes fresh paint inside & out, new tile flooring, new plush carpeting, new windows, newer roof & AC, and much more. NO HOA. Means freedom to personalize your outdoor space. Additionally, the 4 car garage & abundant driveway parking for 6+ vehicles provides ample room for all your toys including RV's & boats. Embrace the pinnacle of luxury in this extraordinary & unique home! Professional pictures cominfg soon.

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22931 E Mayberry Road Queen Creek, AZ 85142

$699,953

4 Beds

3 Baths

2,407 SqFt

Status Active

MLS # 6629333

Property Type Single Family Residence

Price Type --

You'll love this very charming ''Acacia'' plan. . The home includes a Gourmet Kitchen w/ SS Chimney Hood, Beautifully upgraded 42'' cabinets, Granite C-top & Tile backsplash,, Tankless Water Heater, Service Garage Door , Atrium Door to patio, ''16 SEER RATING FOR ''AC'' ENERGY STAR HOME ! BARNEY FARMS the newest Premiere Master Planned Community in Queen Creek, w/ RESORT like atmosphere, LAKE COMMUNITY w/ an large Amenity Center, fountains , 2 large Community Pools, Aquatic Center, Pickle Ball, Bocce Ball, Corn Hole, Sand Volleyball, full court basketball , fishing ''catch and release'' kayaking, canoeing, walking trails thru-out. Barney Farms also has KMB K-6 School in the community. A MUST SEE !!

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17983 N Painted Spurge Court Surprise, AZ 85374

$699,950

3 Beds

3 Baths

2,074 SqFt

Status Active

MLS # 6777168

Property Type Single Family Residence

Price Type --

What a stunning property! This Surprise Grand home with a main house and a separate casita sounds like the perfect blend of elegance and functionality. The premium cul-de-sac location on the golf course's 2nd fairway is a dream for those who love a scenic, active lifestyle and love to relax in the hot tub. With a chef's kitchen, warm and inviting great room with fireplace and luxurious finishes throughout, it's clear this home has been thoughtfully remodeled. The layout, including the den with a built-in office and bookcase, seems ideal for someone looking for both relaxation and space to work from home. Also including a detached guest house and a charming backyard w/a covered patio, artificial turf, and a refreshing hot tub, this home is a dream come true! Act now before it's gone!

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11326 E Medina Avenue Mesa, AZ 85209

$699,950

2 Beds

2.5 Baths

2,282 SqFt

Status Active Under Contract

MLS # 6772506

Property Type Single Family Residence

Price Type --

A rare opportunity in the highly sought-after Sunland Springs Village, Mesa, AZ. This meticulously cared-for home offers 2 bedrooms, a den, an office/hobby room, and 2.5 bathrooms, all situated on the 8th fairway near the green of the Superstition Golf Course. With 2,282 sqft of graceful living space, this home features a well-designed, light-filled layout, including an open family room, kitchen, and a custom bumped-out eat-in dining area. The kitchen boasts an extended breakfast bar, maple cabinetry with upgraded glass door displays, and ample workspace. Enjoy stunning golf course views from the family room, eat-in kitchen, office/hobby room, and primary suite. The backyard offers the epitome of outdoor living with extended covered patio, showcasing views of the golf course Red Mountain, and Superstition Mountains. The home also features a rebuilt roof in 2021 and motorized/mechanical security roller shades. Sunland Springs Village provides the ultimate 55+ living experience with a 27-hole executive golf course, clubhouse, fitness center, card room, arts & crafts studio, outdoor pools and spa, tennis & pickle balls courts, and more. Conveniently located near Superstition FWY- HWY 60 and down the street from shopping, restaurants, and entertainment at the Superstition Gateway Shopping Plaza...just to name a few : Kohls, Wal-Mart, Best Buy, Marshalls, Bed Bath & Beyond, In-N-Out Burger, and AMC Theatre.

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17832 W Sapium Way Goodyear, AZ 85338

$699,950

5 Beds

4 Baths

3,039 SqFt

Status Active

MLS # 6766242

Property Type Single Family Residence

Price Type --

Welcome to this gorgeous 5 bedroom home in the sought-after resort style community of Estrella Mountain Ranch. Featuring dual ensuites, hosting the in-laws is a breeze! Built in 2022, this spacious 3,000+ sq. ft. home with stylish accent walls and built-in bar, offers stunning mountain views from every angle. The designer kitchen features high-end finishes, reverse osmosis & water softener systems. Enjoy relaxing in the luxurious pool and hot tub on the turfed yard, perfect for entertaining. The loft provides additional space for work or play. Located just a short walk from the new Presidio community center and near parks, walking, biking, and hiking trails, this home truly has it all! Don't miss out!

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11106 S 52nd Lane Laveen, AZ 85339

$699,900

3 Beds

3 Baths

2,392 SqFt

Status Active

MLS # 6778288

Property Type Single Family Residence

Price Type --

Dreaming of a new home without the wait? This is it! Owner's plans changed, so this home is BRAND NEW—fresh two-tone paint, polyurea garage flooring, & ready to go. With ample garage space for all your toys & a spacious open layout, there's room for everyone. Need a home office, cozy den, or flex space? This home has that too, plus a next-gen living space in the front room with a private ensuite bathroom, perfect for guests or multigenerational living. The kitchen, gathering room, & dining area flow effortlessly for warm family meals & easy entertaining. Enjoy indoor/outdoor living with an extended wrap-around covered patio—perfect for relaxing or hosting. New Home Warranties are transferrable! Corner lot backing to greenbelt—no neighbors, just stunning mountain views! Make it yours today

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47616 N 23rd Drive New River, AZ 85087

$699,900

3 Beds

2.5 Baths

1,959 SqFt

Status Active

MLS # 6708351

Property Type Single Family Residence

Price Type --

Brand New Extraordinary Custom Spec is now complete. This is the last gorgeous home being offered that is part of this fantastic culdusac w paved 23rd Dr and panoramic Mountain views. Master is split with huge walk in shower, his & her closets, Large soaker tub. Garage is HUGE w over 1550 sq ft, Mini-split & 1/2 bath, 50 amp service & big enough for 6 cars. Come relax on the back patio while enjoying the breathtaking views of Tonto National Forest & New River Mesa. Inside is open & bright. Large open kitchen has stainless appliance package, kitchen island w bar covered in quartz. Spray foam insulation thru-out, 4 part shared well, brand new septic, Builders 2 year warranty.

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22812 N Dusty Trail Boulevard Sun City West, AZ 85375

$699,900

3 Beds

3 Baths

2,976 SqFt

Status Active

MLS # 6779388

Property Type Single Family Residence

Price Type --

Backing to the 17th green with views of the 18th tee box and multiple fairways, this 3 bed/3 bath/PLUS a den, Sun City West masterpiece is a SHOW STOPPER!! Exterior boasts an extended patio with pergolas, planters, remote controlled screens, cool decked concrete, and huge entertaining space. Walk through the double door entry, experience the soaring ceilings, and cast your gaze through the multiple bay windows to capture the sunset views with the golf course backdrop. The downstairs master suite has two walk-in closets, jetted tub for two, separate shower, and dual sinks. SECOND MASTER SUITE is a cozy upstairs apartment with a walk-in closet and bathroom. Chef's kitchen has been updated with stunning cabinetry and GE CAFE & BOSCH appliances. The 3-way gas fireplace gives just the right ambience for any occasion. Updates include new floors, fresh paint, tankless gas water heater, water softener, garage cabinets, and RO.

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18570 W Cathedral Rock Drive Goodyear, AZ 85338

$699,900

3 Beds

2.5 Baths

2,602 SqFt

Status Active

MLS # 6745612

Property Type Single Family Residence

Price Type --

Discover this stunning luxury single-story home, to be built appx 5-6 months, in an exclusive all single-story community. Huge backyard for future pool. Amazing 60' wide residence features 3 bedrooms, 2.5 bathrooms, a versatile study or media room, and a spacious 3-car tandem garage with a pavered driveway. The elegant, chef-inspired kitchen boasts a gas cooktop, wall oven/microwave, quartz countertops, 42'' upper cabinets, and opens to a spacious great room with a 20' multi-slide door, perfect for seamless indoor-outdoor living. The primary suite offers a zero-step entry shower, a huge walk-in closet with direct access to the laundry room. Energy efficiency is prioritized with spray foam insulation in the attic and exterior walls, plus a tankless water heater. Photos not subject property

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2026 E Laurel Circle Mesa, AZ 85213

$699,900

4 Beds

2 Baths

2,439 SqFt

Status Active

MLS # 6763254

Property Type Single Family Residence

Price Type --

Gorgeous home with FLOOD IRRIGATION and NO HOA! No corner has been left untouched. OWNED Tesla solar and battery make your energy bills incredibly efficient. The vaulted ceilings and bright rooms make the entire home your spacious retreat. Fully remodeled kitchen with quartz countertops, double ovens, and tons of upgrades will make your chef's heart sing. The primary suite checks all the boxes for you to relax after a long day at work (jetted tub, anyone?) including space for your own private reading nook. Also notice the spacious walk-in closet and large windows providing tons of natural light. The backyard is an entertainer's dream with a long covered patio, a basketball court, and several established fruit trees. Flood irrigation keeps your yard cool and water bills low. Recent upgrades include new windows (front of home), AC condenser, water heater, and wood-look ceramic tile. With close proximity to excellent schools and the 202 freeway, this home is ideally located and won't last long on the market!

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2204 W Blaylock Drive Phoenix, AZ 85085

$699,900

4 Beds

2.5 Baths

2,927 SqFt

Status Active

MLS # 6759120

Property Type Single Family Residence

Price Type --

Priced to sell in Valley Vista! This beautiful 4-bed, 2.5-bath with 3 car oversized garage home on a generously sized corner lot in Valley Vista is on the market and priced to sell - below area comps! Tastefully finished with plantation shutters, designer paint, and wood & tile flooring throughout. The spacious living/dining area features soaring ceilings, while the open family room includes surround sound, a media center, projector, and theater screen, perfect for family entertainment! The gourmet kitchen boasts granite countertops, mosaic backsplash, walk-in pantry, and center island. Upstairs, the primary suite offers a spacious bedroom, a spa like bath, including his and her sinks, separate tub/shower, and a walk-in closet. The back yard offers a nicely sized covered patio and a blank canvas with ample space for a pool or whatever you can envision. Let your imagination run wild, the possibilities are endless! The oversized garage offers 2 electric car chargers for ease and efficiency. Conveniently located to lots of dining and shopping options and TSMC. This home is ready and waiting for a new family to make it their own and is the perfect opportunity to get into the Valley Vista below comps!

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5015 Buck Springs Road Pinetop, AZ 85935

$699,900

4 Beds

2.5 Baths

2,112 SqFt

Status Active

MLS # 6756291

Property Type Single Family Residence

Price Type --

Here's your dream home crafted with love and precision. This home/cabin in Pinetop Lakes Country Club, within walking distance of the Golf Club House is on a large lot. Slate entry with high ceilings, custom stainedglass window and more. Chefs delight kitchen with granite counter tops, all new appliances including, wine fridge, 8 top gas cooktop and double oven. Main bedroom or mother-in-law suite set up on main floor, with additional main bedroom on second floor. Enjoy the crisp mountain air from front and back porches, landscaped yard, green grass, sugar maple, apple, and pine trees. Firepit and 6 person hot tub makes this a homey retreat.

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