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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22761 E Poco Calle Street Queen Creek, AZ 85142

$669,000

3 Beds

2 Baths

1,868 SqFt

Status Active

MLS # 6726064

Property Type Single Family Residence

Price Type --

Welcome to your dream home! This stunning, turn-key ready residence is nestled in the heart of the sought-after Meridian neighborhood in Queen Creek known for its serene atmosphere and picturesque surroundings. Meridian offers a perfect blend of suburban tranquility and modern amenities such as a community pool, a splash pad, as well as beautifully landscaped parks and walking trails! Step inside to discover an open-concept floor plan adorned with high-end finishes. The gourmet kitchen features stainless steel appliances, a beautiful stone wall backsplash, courtz countertops, custom cabinetry, updated light fixtures and a spacious island perfect for entertaining. The living area is bright and inviting with multi-slide pocket door allowing you to bring the inside out with a seamless transition to your incredible backyard featuring a custom heated pool with negative edge spa, marble decking, and basalt water feature wall! Retreat to the luxurious master suite, complete with a spa-like en-suite bathroom featuring a tiled glass-enclosed shower, a dual vanity sink and a large walk in closet. Additional bedrooms are generously sized, offering ample space for family and guests. Additional highlights include a home office and a two-car garage with extra built in storage space. Conveniently located near top-rated schools, shopping, and dining, this home truly has it all.Don't miss the opportunity to make this exceptional property your own!

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2727 W Isabella Avenue Mesa, AZ 85202

$669,000

4 Beds

3 Baths

2,646 SqFt

Status Active

MLS # 6744284

Property Type Single Family Residence

Price Type --

GORGEOUS HOME in LAKE COMMUNITY of DOBSON RANCH! Remodeled ranch features MULTI-GEN LIVING with TWO EN SUITES plus bonus room, 3 FULL BATHS, large cul-de-sac lot and pool! Layout allows for easy conversion to fully separate living quarters within the home! Fully remodeled in 2017 with open plan, plank tile, quartz counters, new cabinets, upgraded fixtures & finishes. REPAINTED INSIDE & OUT! FEELS BRAND NEW! ''Tempe Adjacent'' just minutes from the 101 and 60 freeways, shopping & dining. Dobson Ranch is an amazing community complete with lakes, golf course, community pools, tennis courts, clubhouse & more! Put this on your list of ''must-see'' homes!

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1715 W Satinwood Drive Phoenix, AZ 85045

$669,000

5 Beds

3 Baths

2,904 SqFt

Status Active

MLS # 6721969

Property Type Single Family Residence

Price Type --

Welcome to the desirable Ahwatukee Foothills Club West! Step into this beautifully upgraded 5 bedroom home that immediately feels inviting, functional and spacious. Bedroom and full bathroom downstairs. Three separate living spaces including formal, family room and loft area. Open kitchen with granite counters, stainless steel appliances, gas range, and large island. 4 generously sized bedrooms and convenient laundry room upstairs. Primary bedroom with large closet & beautiful walk-in shower. Newer Pergo waterproof laminate flooring throughout! Enjoy the refreshing play pool with Baja shelf & table/umbrella stand, surrounded by travertine tile. Misters, pergola and artificial turf are a plus!. Great schools including highly accredited Kyrene Altadena! Transferable HVAC maintenance plan.

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30231 N 47th Street Cave Creek, AZ 85331

$669,000

3 Beds

2 Baths

2,262 SqFt

Status Active Under Contract

MLS # 6704397

Property Type Single Family Residence

Price Type --

PRICE REDUCED! Your Cave Creek Comfort Zone. This delightful Cave Creek home is ready to welcome you! A freshly painted exterior and a cheery desert landscape greet you at the door. Step inside and discover a bright and airy space with vaulted ceilings that feels instantly comfortable. Made for togetherness. This home is all about creating happy memories, as it has for the last 30 years! The open layout connects the living room, the family room with its cozy real wood burning fireplace, to the kitchen with a brand new range and microwave, and a sunny breakfast nook. Imagine whipping up meals while chatting with family or enjoying coffee with a view of the peaceful backyard. Looking for the perfect home office space? Find a guest bedroom complete with a custom built in book case and shelving unit. Your Cozy Escape. The main bedroom offers a space to relax in after a long day. Unwind in the generous bathroom with separated dual sinks, walk-in shower and soaker tub. Ample walk-in closet space keeps things organized, making this your own personal retreat. Or step outside to the back yard and enjoy the fresh air. Your backyard sanctuary awaits! Easy-care low maintenance plants, fruit trees and a soothing water fountain adds a touch of serenity. The end-to-end covered patio offers a shady spot to enjoy year-round Arizona living, perfect for morning coffee or evening barbecues with friends. Professional restaurant grade misting system, and rolling shades complete the outdoor comforts. Don't forget the very spacious 3 car garage with built in cabinets on each side and a built in worktable! Updates include new Roof in 2017; new HVAC in 2019; new Water Heater in 2023; new Water Main from the home to the street in 2023! Explore the Sonoran Desert and other local charms. When you're ready for an adventure, Cave Creek delivers! Nearby is Black Mountain, Cave Creek Park, McDowell Mountain Park with countless hiking and biking trails. And of course, easy access to Cave Creek's friendly drop-ins like Harold's, the Buffalo Chip, Athens Restaurant, Janey's Coffee, the Grotto Café, The Kiwanis Marketplace, and so much more! Here is where you can experience the desert lifestyle to its fullest. Make this your own Cave Creek haven!

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5908 W Running Deer Trail Phoenix, AZ 85083

$669,000

4 Beds

2.5 Baths

3,065 SqFt

Status Active

MLS # 6702930

Property Type Single Family Residence

Price Type --

Don't miss this beautiful 3 bedroom +2 dens/bonus rm home has so much to offer. Custom wood blinds, NEW roof, NEW paint inside & out, NEW carpet. Kitchen has granite, tall cabinets, huge pantry and Kitchen Aid SS appl. Downstairs has a formal LR/DR & dbl French door den that can be converted to 4th bedroom. Cozy fireplace in F/R. Laundry rm has cabinets and a sink. Upstairs has a built-in desk in loft overlooking F/R. Wait till you see the all purpose game room with complete bar & wet bar. Lg primary B/R has a newly resurfaced balcony, upgraded shower, lg jetted tub, tall counters and huge walk-in closet. While on the balcony or in the sparkling pool enjoy the mtn. views and outdoor FP. Great backyard for entertaining. NEW!!! HIGHLY rated desirable elementary school 1/2 mile away.

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21320 N 56th Street Unit 2145 Phoenix, AZ 85054

Open House

$669,000

2 Beds

2 Baths

1,843 SqFt

Status Active

MLS # 6756142

Property Type Apartment

Price Type --

Carefree resort lifestyle in an incredible location! Just steps to three pools, workout facilities, and built-in gas grills in this gated community.Walk to more than 160 shops and restaurants at High Street, Desert Ridge Marketplace and City North's new mixed-use development.! Easy access to the 101 freeway, Mayo Clinic, Scottsdale, PHX, and more, just lock and go. This 2-bed + flex, 2-bath, 1,843 sq. ft. residence overlooks green-space and features a spacious covered balcony, gas fireplace, granite countertops,, large primary suite with walk-in closet, and an oversized 2-car garage. Declining rates make it easy to own this lifestyle!

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11758 W Camino Vivaz -- Sun City, AZ 85373

Open House

$669,000

4 Beds

3 Baths

3,111 SqFt

Status Active

MLS # 6731108

Property Type Single Family Residence

Price Type --

Come see this gorgeous home. It is ready and waiting for your family. SOLAR LEASE has been paid for 10 years ($24,000 value) for you. The home is done tastefully with the updated kitchen with granite and custom grey cabinetry. The master bedroom is amazingly oversized. There is a three car garage with epoxy floors plus overhead storage and storage cabinets. Beautiful fenced in pool with gorgeous extended patio to enjoy outdoor living. Huge downstairs office/den for your home office. Brand new HVAC replaced June 2024. Backyard playhouse included along with the refrigerator in the garage. The large couch downstairs is available for purchase on a separate bill of sale. NOT an age restricted community.

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838 E Harvard Avenue Gilbert, AZ 85234

Open House

$669,000

4 Beds

3 Baths

2,733 SqFt

Status Active

MLS # 6706778

Property Type Single Family Residence

Price Type --

This property features four spacious bedrooms, including a convenient downstairs bedroom and a luxurious primary suite upstairs. The loft overlooks a grand living room, offering an open and airy feel. The farmhouse-style kitchen is a chef's delight, perfectly blending rustic charm with modern amenities. The family room, complete with a cozy fireplace, is ideal for gatherings and relaxation. Architectural creativity shines throughout this home, with the primary suite boasting a modern design, a custom barn door bathroom enclosure, a garden tub, and a separate shower. Step outside to your own private oasis: an expansive backyard with artificial turf, a diving pool, a large yard, built-in BBQ, and a dedicated dog-run. AC and Pool Pump New 2022 EV Hookup installed in 3 car garage. Located on a corner lot in a tranquil cul-de-sac, this home promises both privacy and community charm. This home is ideally situated close to Freestone Park in the coveted Circle G Meadows community. With no HOA and plenty of room for your RV and toys, you'll enjoy both convenience and freedom. Don't miss the opportunity to own this unique, beautifully designed home! Seller is willing to contribute flooring allowance to enhance a cohesive look throughout.

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5657 E Scarlet Street Mesa, AZ 85215

$668,950

3 Beds

2.5 Baths

1,825 SqFt

Status Active

MLS # 6710680

Property Type Single Family Residence

Price Type --

This affordable opportunity in Reserve at Red Rock offers a larger-than-average, south-facing backyard with natural desert views. The home features spacious bedrooms, a super shower in the master bath, a modern kitchen, and an open great room with a 20' Wall of Glass. Move-in ready and backing to open space, this home is in a gated community with nearly 50% open space. Highlights include a dramatic iron entry door, plank tile flooring, gourmet KitchenAid appliances, Regal White self-close cabinets, Quartz countertops, 7' frameless glass shower, 8' interior doors, 10' ceilings, gas BBQ stub, natural gas amenities, soft water loop, high-tech wiring, and extra recessed lighting.

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5750 S Dragoon Drive Chandler, AZ 85249

$668,900

4 Beds

2.5 Baths

2,685 SqFt

Status Active

MLS # 6743637

Property Type Single Family Residence

Price Type --

Experience unparalleled luxury in the exclusive gated community of Mesquite Grove Estates, Chandler. This stunning Dragoon Dr home combines modern elegance with comfort, featuring spacious interiors, a beautifully landscaped yard, and a refreshing pool perfect for Arizona summers. With top-rated schools and amenities nearby, this home offers the ideal blend of tranquility and convenience. Don't miss your chance to own a piece of paradise in one of Arizona's most sought-after neighborhoods. Come take a tour today and discover what makes Mesquite Grove Estates so special.

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3131 N Central Avenue Unit 3012 Phoenix, AZ 85012

Open House

$668,880

2 Beds

2 Baths

1,419 SqFt

Status Active

MLS # 6629974

Property Type Apartment

Price Type --

*Construction Completed* 5% BUYER INCENTIVE! Introducing Edison Midtown Phase 2 with 60 new construction condominiums. This spacious two bedroom plus den condo offers ten ft. ceilings, an open floor plan, and large master bedroom with ensuite bathroom. Chefs kitchen offers expansive cabinetry, quartz countertops and stainless steel appliances including a gas range. Edison Midtown features incredible amenities for that perfect Urbanite lifestyle. A beautiful pool and lap pool, 2000 sq. ft. fitness center and lounge, and gated parking garage.

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2440 W Rowel Road Phoenix, AZ 85085

Open House

$668,680

4 Beds

3.5 Baths

2,511 SqFt

Status Active

MLS # 6748781

Property Type Single Family Residence

Price Type --

NEW HOME at Aster! This home offers 2,511 sq ft of living space with 4 bedrooms, 3.5 bathrooms, large 2-car garage, walk-in closets in every bedroom and the primary and secondary bedrooms feature their own ensuite bathrooms for added privacy and comfort This home features the Elevated Design package of upgrades, including 42' White cabinets, quartz countertops, custom backsplash, large island, luxury vinyl plank and tile floors, stainless-steel GE Profile kitchen appliances and single bowl sink. Bathrooms have quartz countertops & Kohler undermount sinks. Quality and energy efficient tankless hot water heater, Tech Shield roof barrier & wet cellulose insulation. Union Park, residents can indulge in amenities including a resort, pool, clubhouse, Pickleball courts, playgrounds and more

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