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.

Click Here to See What Your Home is Worth

7030 N 12th Street Phoenix, AZ 85020

$660,000
4 Beds
2 Baths
1,688 SqFt
Status Active
MLS # 6753596
Property Type Single Family Residence
Price Type --
Welcome home! This charming 4-bed, 2-bath residence offers a gated carport for secure parking, a convenient RV gate, ample driveway space, and an inviting front porch. Discover a welcoming living room with vaulted ceilings, a soothing palette, blinds, and stylish wood-look flooring. Enjoy cozy evenings in the family room, which is perfect for relaxing with loved ones. The delightful kitchen comes with granite counters, abundant white cabinetry, a mosaic tile backsplash, pendant/recessed lighting, stainless steel appliances, a pantry, and an island with a breakfast bar. The main bedroom offers a private bathroom for added comfort. Venture outside to a backyard, complete with a covered patio, storage sheds, well-laid pavers, and a warn firepit for gatherings under the stars. Make it yours!

1679 W Leah Lane Gilbert, AZ 85233

$660,000
5 Beds
3 Baths
2,732 SqFt
Status Active
MLS # 6750857
Property Type Single Family Residence
Price Type --
Welcome to one of the most popular Blandford floorplans in El Dorado Lakes. Remodeled kitchen with quartz counter tops, tile backsplash and upgraded cabinetry next to an eat-in kitchen that overlooks a lush backyard featuring a private pebbletec pool. Downstairs bedroom is an added bonus for an in-law set-up. Spacious master bedroom includes vaulted ceilings and two master bedroom closets while the bathroom features dual quartz vanities, and separate tub & shower. Inviting backyard, private pool, and large patio is great for family gatherings everyday living. El Dorado Lakes includes a community center, children's playground, basketball, tennis and pickleball courts.

8050 E Cambridge Avenue Scottsdale, AZ 85257

$660,000
3 Beds
2 Baths
1,836 SqFt
Status Active Under Contract
MLS # 6746470
Property Type Single Family Residence
Price Type --
Surrounded by million dollar homes! This beautifully well maintained home is located in the Historic Village Grove area near Old Town Scottsdale. This house has been tastefully updated with a fabulous back yard for entertaining. Kitchen features Solid wood, quiet closing, shaker style, walnut finish cabinets. Moving wall brings the outside in. The property is on a nice sized lot located in a quiet cul-de-sac with lots of privacy. Trane 14 seer AC installed in2016. All new double pane windows in 2019. Updated Kitchen, Bathrooms, Dining, artificial grass along with a fun Cowboy Pool w/ sand filter pump added 2022. Home is close to all Scottsdale has to offer airport, spring training, night life, the Phoenix Zoo as well as countless restaurants and golf courses. It's a must see!

356 Badger Court Prescott, AZ 86301

$660,000
3 Beds
2 Baths
1,904 SqFt
Status Active Under Contract
MLS # 6747680
Property Type Single Family Residence
Price Type --
Views, Views, Views, Stylish single level, split floor plan home with Trapezoid windows front and back capturing incredible views of Granite Mountain with NO HOA and in a Cul De Sac. Home is on almost 1/2 acre lot and has HOA land from subdivision below behind it highlighting the openness. Kitchen has Granite counters tops, newer appliances with gas range and tile floors, Great room. And kitchen have Vaulted ceilings with plant shelves and fireplace. All three bedrooms have engineered hardwood flooring, tile in Baths and wood window sills throughout. NO carpet. Master bath has separate garden Tub, toilet room, shower and double sinks. New roof 2023 and HVAC in 2021. 2 solar tubes, ceiling fans, sunscreens and blinds throughout. Covered front and back patios. Don't miss this One. Covered front and back patios. Don't miss this One.

16220 W Boulder Drive Surprise, AZ 85374

$660,000
2 Beds
2 Baths
1,834 SqFt
Status Active
MLS # 6697073
Property Type Single Family Residence
Price Type --
Nestled along the serene #9 Tee of Granite Falls South Golf Course, your dream home awaits. Enter through the inviting front courtyard patio into the warmth of the Palo Verde by Del Webb. Discover the coveted split bedroom layout, offering tranquility with guest bedroom and den on the opposite wing. Indulge in the heart of the home, where a bespoke media wall and fireplace create a cozy ambiance, complemented by a modernized kitchen featuring opulent quartz countertops. Open the exquisite Renewal by Andersen French doors to unveil your outdoor sanctuary, complete with a sparkling pool and serene spa. Recent upgrades including a new air conditioner, furnace, water heater, and 2024 Roof Underlayment. Every detail has been carefully crafted to elevate your lifestyle, a Grand home!

43856 N Hudson Trail New River, AZ 85087

$660,000 - 4Br/3Ba -  for Sale in Arroyo Norte Unit 5 6 And 7 Replat, New River
New
$660,000
4 Beds
2.5 Baths
2,218 SqFt
Status Active
MLS # 6758229
Property Type Single Family Residence
Price Type --
Anthem's Best-Priced 4-Car Garage, Single level, 4 bedroom, home. A rare find for buyers with jet skis, boats, etc. Two of the four garage spaces come with a 3-foot extension ideal for larger vehicles or extra storage. The single-car garage is equipped with 220V power, perfect for your workshop or charging electric vehicles. Extra-wide driveway w/concrete extending to the RV gate. Inside features a gourmet Kitchen with gas cooktop and stainless steel hood, upgraded cabinets, & thick granite.The same high-end granite finishes extend into all bathrooms. Almost 1/4 acre lot has a spacious backyard that is a clean slate, ready for you to customize with the pool or outdoor oasis of your dreams.

9022 E Copper Drive Sun Lakes, AZ 85248

$660,000 - 2Br/2Ba -  for Sale in Sun Lakes Unit Thirty-six, Sun Lakes
New
$660,000
2 Beds
2 Baths
1,950 SqFt
Status Active
MLS # 6758236
Property Type Single Family Residence
Price Type --
Steps away from the Iconic Diamond Lake. Extended Palmera model, corner lot, split bedrooms, plantation shutters throughout. 2BR, 2BA plus den and screened AZ room. Remodeled kitchen, 42'' mahogany finished Birch Shaker cabinets, granite counters, custom island, porcelain tiled backsplash w/antique art nouveau accent tiles, modern ss vent, induction stove top, convection oven feature, wine fridge, farm sink, R/O connected to refrigerator, and ss trash compactor. Master suite ext. 2ft w/vaulted ceilings, new granite countertops and porcelain tile walk-in shower. Custom built Murphy bed in guest room. Magazine worthy backyard 10 ft diving pool with waterfall mural, spa, beehive gas fireplace, and built-in BBQ. Sink & extra storage in laundry. Ext. garage accommodates 2 cars+ golf cart.

2235 E Cody Street Apache Junction, AZ 85119

$660,000 - 3Br/2Ba -  for Sale in S22 T1n R8e, Apache Junction
New
$660,000
3 Beds
2 Baths
1,748 SqFt
Status Active
MLS # 6760202
Property Type Single Family Residence
Price Type --
What a GEM! Fantastic horse property sits on a HUGE 1.2-acre lot with views of the majestic Superstition Mountains! Its beautiful home provides 3 beds, 2 baths, & a sided 2-car garage w/circular driveway. Discover a desirable open layout paired with a dry bar, recessed lighting, layered crown molding, wood-look flooring, two-tone paint, and tons of natural light. The impressive kitchen boasts SS appliances, quartz counters, mosaic tile backsplash, a walk-in pantry, ample cabinetry, and an island w/breakfast bar. Main bedroom has outdoor access and an ensuite with two vanities, tiled shower, & a walk-in closet. Laundry room w/a sink & cabinetry. The expansive backyard offers a covered patio & 2 large containers. Bring your toys, RVs, & animals - this property has plenty of space! Just WOW!

1632 E Robinson Way Chandler, AZ 85225

$660,000 - 4Br/2Ba -  for Sale in Superstition Ranch Parcel 5a, Chandler
New
$660,000
4 Beds
2 Baths
2,118 SqFt
Status Active
MLS # 6758010
Property Type Single Family Residence
Price Type --
Gorgeous updated single-story home with a pool in the heart of Chandler! Enter into a beautiful formal living room and dining room with portrait niches. Continue into an open kitchen with quartz counter tops, a spacious eat in kitchen, and open family room. Enjoy the beautiful views of the waterfall pool and lush landscaping from the large windows in the living room. The large master bedroom has equally great views, a fully remodeled bathroom, and large walk-in closet. The three spacious guest rooms enjoy another beautifully remodeled bathroom with large walk-in shower. All-new flooring, recent fresh paint inside and out, RO system, brand-new water softener, and brand-new high efficiency HVAC system installed this year all make this wonderful home move-in ready! Excellent location provides convenient access to 101, 60, and 202 freeways. Ashley Park boasts mature landscaping, huge parks, close access to schools, shopping, and downtown Chandler fun! Come see this home today!

6326 E Kelton Lane Scottsdale, AZ 85254

$660,000
2 Beds
2.5 Baths
2,037 SqFt
Status Active
MLS # 6715530
Property Type Single Family Residence
Price Type --
Amazing home with 2 huge primary suites. From the moment you enter this sweet home, you will fall in love with the open floorplan, vaulted ceilings and plenty of light. The family room leads directly to the north facing patio that runs the length of the home. Plenty of space for indoor/outdoor entertaining. This home has a bright kitchen with a morning breakfast nook with bay window overlooking the greenbelt. Updated silestone counters, microwave, dishwaher and lots of cabinets for storage. Formal dining area with a beautiful arched window and shutters. The den has built-in bookshelves, a half bath and perfect for an office or room for guests. The primary suite has a spacious sitting/dressing area with three mirrored closets and plenty of storage. The bath area has a newer shower, skylight, dual sink vanity, a separate cedar linen closet and a private toilet. This incredible suite also has a door that open to the inviting covered patio overlooking the lush green belt. The secondary suite is just as fabulous with a spacious bedroom and bathroom. The garage has built-ins, a work bench and epoxy floor. This home is in excellent condition and has been very well maintained. A perfect community with a solar heated pool and spa, great location with easy access to loop 101 and Hwy 51, and the best dining and shopping Scottsdale has to offer at Kierland, The Scottsdale Quarter, Desert Ridge and the Scottsdale Promenade. What a great opportunity to enjoy a relaxed lifestyle in a great location.

365 E Catclaw Court Gilbert, AZ 85296

$660,000
3 Beds
2 Baths
2,134 SqFt
Status Active
MLS # 6693399
Property Type Single Family Residence
Price Type --
Beautiful home in Settle's Point. This single story house features white tiles, fully remodeled living room, fully remodeled open kitchen with dark brown cabinets and a gorgeous island, open dining area, fully remodeled master bedroom which offers a walk in closet and spacious walking shower using Vita Bella Polished Porcelain tiles, and double sink bathroom. Family room has a beautiful TV stand with cabinets and shelves to offer more storage and beauty to the house. Other bedrooms are fully carpeted. Enjoy Arizona all year round in the backyard with huge covered patio, mature landscape, and water feature. Neighborhood park is right across the street. Excellent location close to schools and Old Town Gilbert shops, restaurants and award winning farmer's market.

2524 Old Rim Road Forest Lakes, AZ 85931

$660,000
3 Beds
2 Baths
1,939 SqFt
Status Active
MLS # 6727059
Property Type Single Family Residence
Price Type --
Charming Cabin in Forest Lakes - A Mountain Paradise! Welcome to your dream cabin nestled in the heart of Forest Lakes! This enchanting 3-bedroom, 2-bathroom retreat boasts a large great room with dramatic vaulted ceilings, seamlessly adjoined by a formal dining space featuring a cozy pellet stove. The spacious kitchen is complemented by a large interior laundry room with pantry shelves, providing ample storage and convenience. The cabin's sturdy metal roof and large detached toy garage with a roll-up door and side service door are perfect for housing your side-by-side or boat. Relax and unwind on the expansive covered front patio, surrounded by apple trees laden with fruit, and towering mature blue spruce and Ponderosa pine trees, creating your own private enclave. see more... Equipped with a backup generator and featuring numerous seller-made improvements((see a complete list of seller's improvements below) including foam insulation, new doors to the back patio, and a new 200-amp electric service panel, this cabin is ready for all seasons. Enjoy the proximity to the Sitgreaves National Forest, just a few steps down the trail from your backyard! Forest Lakes, an island in the middle of the forest, is home to the world's largest stand of Ponderosa Pine trees. Residents enjoy a 4-season climate with the best summertime weather, just a scenic 2-hour drive from the Phoenix Valley. Escape the heat and discover the serene beauty of this coveted cabin getaway location. Experience the perfect blend of nature, tranquility, and modern amenities in this exceptional Forest Lakes cabin. Don't miss this rare opportunity to own a piece of mountain paradise! List of Seller's improvements: 2 water heaters replaced 2 years ago New footer around non-concrete foundation with new insulation and sealing done underneath floor All new flooring & carpets New stairs & handrails Foam insulation, drywall and can lighting upstairs New front entry & 2nd bathroom doors Replaced all single pane windows with dual pane Generator purchased 7 years ago (automatic switch) Sealed and foamed connection point between original cabin and add-on Installed linen closet in front bathroom Installed can lighting in dining room/living room area Installed ridge beam & supports Framed out for skylight in 3rd bedroom Replaced window with sliding arcadia door & spray foam leading to backyard Installed pellet stove Grated & pea gravel on driveway 14x20 ATV garage/shed Removed 25 over-crowded trees Removed French doors in Owner's suite & replaced with window & spray foamed wall Ecobee Wi-Fi enabled thermostat & front door monitor

Leave a Reply

Your email address will not be published.