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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5637 W Saint Moritz Lane Glendale, AZ 85306

$659,990

3 Beds

2.5 Baths

2,700 SqFt

Status Active

MLS # 6691408

Property Type Single Family Residence

Price Type --

Beautiful spanish style single story new construction home in the heart of Glendale. This home has 3 bedrooms, 2 1/2 bath, WFH, bonus room and 2 car garage. Features include granite countertops, shaker style cabinets, stainless steel gas appliances and morning kitchen. Tile flooring throughout, 8 ft slider in dining area that opens to a covered patio.

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21341 N 102nd Avenue Peoria, AZ 85382

Open House

$659,990

4 Beds

3.5 Baths

2,655 SqFt

Status Active

MLS # 6714675

Property Type Single Family Residence

Price Type --

A must see! HUGE lot with no back neighbor, all the bells and whistles-ready NOW! This community is conveniently located minutes away from shopping, dining, freeway access and more! Our popular 'Oriole' floorplan features 4 full bedrooms (primary on the main floor), plus a loft and game room, 3.5 bathrooms, 2 Car-Garage and a private yard! Designer selected finish includes Flagstone Cabinetry, Quartz Kitchen Countertops, Wood Like Tile Throughout, and Plush Carpet in all the bedrooms. This beautiful home will have it all including 8' doors, Smudge Proof Stainless Steel Appliances, Blinds, Pre-Plumb for Soft Water, and Smart Home Technology. Photos of actual home...hurry this won't last long!

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4656 W Aztec Drive Eloy, AZ 85131

$659,900

2 Beds

2 Baths

2,299 SqFt

Status Active

MLS # 6733944

Property Type Single Family Residence

Price Type --

MOVE-IN-READY, Spectacular GOLF COURSE views abound through huge windows in great room, kitchen and master bedroom. The master bath and custom master walk-in closet are huge. Open concept kitchen features granite counters with full back splash, large island, staggered knotty alder cabinets, stainless steel appliances. Landscaped with walkways down both sides of the house. Front courtyard w/ pony wall, large back patio, including new hot tub w/pergola, and new outdoor linear gas fireplace with TV. Outdoor grill with bar height seating. A beautiful home you can compare to a new build, with all the extras included. Two car and golf cart garage, epoxy floor and professionally installed floor to ceiling cabinets. This home can come FURNISHED with few exclusions or unfurnished, buyers choice.

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4317 E Western Star Boulevard Phoenix, AZ 85044

New

$659,900

4 Beds

2 Baths

1,615 SqFt

Status Active

MLS # 6757507

Property Type Single Family Residence

Price Type --

This Home Is A True Icon Like No Other Which Is Apparent The Moment You Drive Up The Street. It Is One Of The Most Admired And Sought After And Is Finally For Sale. Be Greeted By The Multi Tier Concrete Steps And Patios, A Fire Pit, Steel Posts And Beams,Smooth Stucco Walls With Wood Facia And A New Metal Roof. The Clear Glass Front Door Completes The Entry And The Mid Century Modern Block Home With Strategic Frank Lloyd Wright Style Gray Block Walls And Accents. Concrete Stained Floors, Birch Cabinets, With Corian Counters. The Two Bathrooms Have Been Proffesionally Designed With High End Commercial Grade Fixtures. Walk In To The Backyard Oasis And Wow! The Covered Patio Open To The Large Yard, Diving Pebble Tek Pool, Detached Block Office heated and cooled With Mini Split.. Backs Wash The Separate Quarters Is Quite Amazing. Gray Block Walls With Birch Interior Facia, Contemporary LED Lighting And Glass Block Windows With Double Door Entry. The Diving Pool Has One Of The Most Unique Custom Steel Fencing And A Metal Welded Shade Sail Frame. Two Unique Gates Lead You To The Open Wash For Hiking, Biking With Entrance To The City Park And Trails To South Mountain For Miles Of Trails. The Yard Also Features A Propane Fire Pit, Raised Planters, Propane BBQ Grill And Metal And Rock Pillars.

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549 W Sweet Shrub Avenue Queen Creek, AZ 85140

$659,900

5 Beds

3 Baths

3,317 SqFt

Status Active

MLS # 6741014

Property Type Single Family Residence

Price Type --

This large beautiful 5 bedroom home located in Ironwood Crossing features an extended balcony with private master access and mountain views, view fencing to the greenbelt, a super-sized garage, solar panels, artificial turf, and an above ground pool (sellers can remove if unwanted)! Interior has new carpet and paint, wood tile flooring, 2'' faux wood blinds, dual pane low-e windows, ceilings fans and lots of storage space throughout! Surround sound speakers installed in family room. Spacious gourmet kitchen with island, granite counter tops, extended maple cabinets, new convection stove top, and stainless steel appliances. Master has HUGE closet and bathroom. Brand new water heater! The community pool is nearby and there are basketball courts, playground, picnic area with gas grill!

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17724 W Ocotillo Avenue Goodyear, AZ 85338

$659,900

3 Beds

3 Baths

2,718 SqFt

Status Active

MLS # 6754137

Property Type Single Family Residence

Price Type --

Experience mountain living in this beautiful, gated semi-custom TW Lewis home in Estrella Mountain Ranch. Located on a spacious corner lot just under 1/3 acre, this home is filled with luxury upgrades. The master bedroom offers an extended patio and elegant single lite door, while the master bath features a tiled snail shower. The cozy living area includes a fireplace with custom media niches, and the 3-car garage provides ample space with a service door. Enjoy energy-efficient solar shades, security doors, and a pebble stone driveway. The expansive backyard is ready for your dream pool or oasis.

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11327 N 150th Lane Surprise, AZ 85379

$659,900

4 Beds

2 Baths

3,066 SqFt

Status Active

MLS # 6757903

Property Type Single Family Residence

Price Type --

SINGLE STORY, SPLIT BEDROOM FLOORPLAN, 2 PRIMARY SUITES! SEPARATE DEN/OFFICE! PEBBLETECH POOL WITH WATERFALL FEATURE, 3-CAR GARAGE. 4 BEDROOMS AND 3 BATHS, FABULOUS FLOORPLAN W/GORGEOUS FLOORING AND ARCHED DOORWAYS IN MAIN AREAS, HIGH CEILINGS THROUGHOUT, GRAND ENTRANCE WITH DOUBLE TREY CEILINGS AND A BUILT-IN LIGHTED NICHE, ENTRY LEADS INTO LARGE LIVING ROOM WITH HUGE PICTURE WINDOWS LOOKING OUT OVER THE BACK YARD, CLASSIC WHITE KITCHEN WITH STAINLESS APPLIANCES, BAY WINDOW, KITCHEN ISLAND, BUILT-DESK, COFFEE BAR AREA, OFF THE KITCHEN IS A SPACIOUS AND VERY NICE FAMILY ROOM FEATURING BEAUTIFUL BUILT-INS AND A SEPARATE EXIT TO A COVERED PATIO, PRIMARY SUITE #1 FEATURES A DOUBLE DOOR ENTRY, WALK-IN CLOSET AND SEPARATE EXIT TO THE BACK PATIO, HUGE PRIMARY SUITE #2, 3 WINDOWS/ WALK-IN CLOSET

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1409 W Maria Lane Tempe, AZ 85284

$659,900

3 Beds

2 Baths

2,108 SqFt

Status Active

MLS # 6745480

Property Type Single Family Residence

Price Type --

This fantastic single-level residence offers 3 bedrooms, 2 bathrooms, and a versatile office/den, all on an oversized lot perfectly situated near a school, park, shopping, and freeway access. Step inside to open spaces with vaulted ceilings. The kitchen features upgraded cabinets, beautiful granite, spacious counters with a study desk, and newer appliances. Most of the home has natural travertine tiles and wood flooring. Carpeted master bedroom offers a double closet, with French doors leading out to an extended patio and a beautiful waterfall/courtyard. The backyard features flagstone floor and mature fruit trees-Mulberry, Pomegranate, Guava, Moringa, Figs. Carpeted garage has been transformed into additional 400 sf of insulated air-conditioned space, perfect for game room, kids space.

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3453 N Barron -- Mesa, AZ 85207

New

$659,900

3 Beds

2 Baths

1,571 SqFt

Status Active

MLS # 6756983

Property Type Single Family Residence

Price Type --

Fall in love with the desirable open layout featuring soaring vaulted ceilings, a gas fireplace, expansive windows, sleek wood-style flooring, & sliding glass doors to the backyard. The impeccable kitchen has SS appliances, quartz counters, mosaic tile backsplash, plenty of white cabinetry with crown molding, recessed & pendant light fixtures, & a sizable island w/breakfast bar. Retreat to the main suite offering a bay window & an immaculate ensuite w/dual sinks, glass shower, & walk-in closet. The tranquil backyard with covered patio, built-in BBQ, Travertine tile flooring, & well-maintained landscaping is excellent for memorable get-togethers! This value will not disappoint!

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3916 E Desert Flower Lane Phoenix, AZ 85044

$659,900

3 Beds

3 Baths

2,380 SqFt

Status Active Under Contract

MLS # 6745346

Property Type Single Family Residence

Price Type --

Welcome to this stunning Mountain Park Ranch home, boasting a brand-new roof installed in 2024. This residence features 3 bedrooms, 3 bathrooms, and an office/den. Upon entry, you are greeted by a welcoming high-ceilinged front room with a wood-burning fireplace, perfect for cozy winter evenings. The front room seamlessly flows into an expansive open dining area connected to a recently renovated kitchen completed in 2021. The kitchen is adorned with granite countertops, stainless steel appliances, a kitchen island, and a wine fridge. A charming breakfast nook offers views of the serene backyard oasis. The spacious outdoor area includes an updated pool and a comfortable back patio. Enhancements to the property include new dual-pane windows installed in 2020, as well as new carpeting and a staircase railing added in 2022. The master suite features a walk-in closet and a master bath with a separate oval tub and shower. North/South exposure, providing shade in the best times of day. This is a must see home that will not disappoint! Additionally, you can explore various dining and shopping options and nearby hiking paths. Great Ahwatukee location, Excellent Kyrene Schools and Mountain Park Ranch Community Facilities!

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16881 W Merrell Street Goodyear, AZ 85395

$659,900

2 Beds

2.5 Baths

1,903 SqFt

Status Active

MLS # 6748944

Property Type Townhouse

Price Type --

Prepare to be pleased as you drive up to this highly upgraded Villa! Beginning with the beautiful iron gate at the entrance of the home. Builder options and upgrades of $130,000 + another $30,00 in owner upgrades after construction! The fine details of the home include but are not limited to: Stone Creek Library media wall, Dagr Design Entertainment center, painted by AZ Concepts, fireplace, Shelf theory pull out drawers. Premier lighting, Neil' s garage cabinets, overhead garage storage rack, which were all owner upgrades after construction. Options and upgrades by the builder are too numerous to list but are available upon request. This is a ''MUST VIEW'' Villa! Once you experience the ''FEEL'' when you enter this home you won't want to leave!!

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10757 N 74th Street Unit 2012 Scottsdale, AZ 85260

$659,900

3 Beds

2 Baths

1,932 SqFt

Status Active

MLS # 6707453

Property Type Townhouse

Price Type --

Reduced!! Complete remodel! Recent comp in same complex sold July 2024 for 691k with no upgrades. 3 bedroom, 2 bath, 2 car garage in the perfect location. Newly updated with new plank and tile floors, new cabinets with soft close doors and drawers, all new light fixtures including LED can lights, new faucets, new sinks, updated showers with glass doors, new freestanding tub. This is a master bedroom split floorpan, open kitchen with dining area, great room with electric fireplace and electrical on wall for your flat screen TV. New 18 bottle wine fridge in kitchen, large island with navy cabinets with gold hardware, extra storage and waterfall countertops. White wood shutters on the dual pane insulated windows along with insulated walls for dramatically sound reduction. Click for more 2 car garage has upgraded metallic epoxy floors. New paint everywhere. Large bedrooms to fit king beds and furniture. Big fans in each bedroom with remote controls. Each bedroom has a walk-in closet with shelves, the master has and drawers with locks. Each bathroom has new cabinets, new light fixtures with new black framed mirrors. There is a separate large laundry room with frontload washer and dryer with new cabinets and more storage behind the door. There are 2 balconies, one is a large covered balcony big enough for a comfortable patio seating set and the other balcony is uncovered. Close to the 101 freeway, great restaurants, grocery stores and entertainment. Townhome is north south exposure. You'll love this! Community has a private community pool and common areas are always clean. Please come see and enjoy. open to offers

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