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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4823 E Presidio Road Scottsdale, AZ 85254

$659,900
3 Beds
2 Baths
1,750 SqFt
Status Active
MLS # 6737405
Property Type Single Family Residence
Price Type --
New Photos Coming, Beautiful updated home in desirable 85254. No HOA. Single level, 3BR/2BA/2CG. Formal LR/DR and family room with fireplace are great for entertaining. Updated Quartz countertops throughout. Large backyard, with new turf and putting green with plenty of room for a pool. Please inquire with any questions.

8883 E Mescal Street Scottsdale, AZ 85260

$659,900
3 Beds
2 Baths
1,726 SqFt
Status Active
MLS # 6735870
Property Type Single Family Residence
Price Type --
Introducing your North Scottsdale getaway! This lovely 3 bed 2 bath, sits in the heart of 85260. This home boasts an open kitchen, big bedrooms and one of the largest back yards in Marlboro Court! Brand new HVAC and Hot Water Heater. Ready to view today! Seller agrees to credit the buyer 1% of the purchase price to be applied to buyers closing costs and prepaids including both permanent and temporary interest rate buy-downs at Close of Escrow.

532 N Bell Drive Chandler, AZ 85225

$659,900
4 Beds
2.5 Baths
2,788 SqFt
Status Active
MLS # 6695463
Property Type Single Family Residence
Price Type --
Calling all convenience seekers and comfort connoisseurs! Feast your eyes on this dreamy dwelling nestled in the exclusive Dobson Place community. Luxuriate in airy, light-filled rooms with ceilings so high, you'll need a step ladder to reach them. And with fresh, plush carpeting underfoot, walking around will feel like walking on clouds. Want the convenience of a master bedroom on the main floor? Say no more, we've got you covered. And don't even get us started on the updated kitchen - this babe is equipped with all-new appliances, plenty of counter space, and a cute little breakfast nook for all your dining needs. Oh, and did we mention your own private oasis in the backyard? That's right, a glorious pool awaits you for all your summer lounging needs. Plus, this prime location has everything within arm's reach, from top-notch schools to lush parks to mouth-watering restaurants. This house is so hot, it's sizzling - don't wait!

11044 E Nopal Avenue Mesa, AZ 85209

$659,900
3 Beds
2.5 Baths
2,315 SqFt
Status Active
MLS # 6721406
Property Type Single Family Residence
Price Type --
The search is finally over! This beautiful home in the highly sought-after Community of Sunland Springs is the one! Featuring a desert front yard, striking stone detailing, a 2-car plus golf-cart garage, and a courtyard. Discover a spacious great room adorned with stone accents, a media niche, a cozy fireplace, picture-perfect windows, and wood-plank tile flooring. The formal dining room is excellent for hosting a delightful feast! Stunning kitchen is equipped with granite counters, stylish tile backsplash, sleek wood cabinetry with crown molding, recessed & pendant lighting, and a pantry. A breakfast nook and an island with a breakfast bar are great for casual dining. Split floor plan w/ a spacious master bedroom & bath. Then 2 more bedrooms on the opposite side of the home! A MUST SEE! Grand main suite has an accented wall, an exclusive bathroom, dual vanities, a glass block shower, and a mirrored door walk-in closet. The home's elegance extends outdoors to the serene backyard with a covered patio! Make this gem yours today!

249 E Grandview Street Mesa, AZ 85201

$659,900 - 4Br/2Ba -  for Sale in Hohokam Village Unit 2, Mesa
Open House
$659,900
4 Beds
2 Baths
2,559 SqFt
Status Active
MLS # 6756270
Property Type Single Family Residence
Price Type --
Rare opportunity to own a 4-bedroom, 2-bathroom home in the highly sought-after Hohokam Village neighborhood with no HOA! This inviting home features an open floor plan, perfect for entertaining, with a cozy fireplace in the great room. Recent updates include brand new flooring throughout, fresh interior paint, and upgraded bathrooms. Step outside to your private backyard oasis, complete with a sparkling pebble tec pool, a large covered patio, and lush landscaping. Additional recent improvements include roof and pool repairs, along with new hardware throughout. Don't miss out on this gem!

7718 W Crabapple Drive Peoria, AZ 85383

$659,817
3 Beds
2 Baths
1,982 SqFt
Status Active
MLS # 6741362
Property Type Single Family Residence
Price Type --
MLS#6741362 Ready Now! The Iris is a 1-story floor plan that comes standard with 1,982 sq. ft., 3 bedrooms, 2 bathrooms, 2-car garage, and a flex room. The only single-story floor plan at Aloravita South Discovery, this home is sure to please. The foyer brings you to a hallway with the secondary bedrooms and a full bathroom. As you continue through the home, you are taken to the open kitchen, casual dining, great room area and the flex room. Enjoy the beautiful Arizona weather from your private covered patio. The primary suite has a private bathroom with double sinks and an expansive walk-in closet and will be the perfect retreat.

9310 S 182nd Lane Goodyear, AZ 85338

$659,500
4 Beds
3 Baths
2,851 SqFt
Status Active
MLS # 6707263
Property Type Single Family Residence
Price Type --
Welcome to Estrella Mountain in Goodyear, Arizona. This beautifully remodeled home features modern finishes throughout, enhanced by the added benefit of solar power for energy efficiency. Enjoy the best of Arizona living with local amenities including scenic hiking and biking trails, pristine parks, and access to the residents-only Starpointe Residents Club and Presidio Residents Club, which offer pools, fitness centers, and more. Conveniently located, this home is just a 30-minute drive from Sky Harbor International Airport, Sports enthusiasts will appreciate the quick 25-minute drive to State Farm Stadium, and military personnel will benefit from the proximity to Luke Airforce Base, only 20 minutes away. Don't miss this great home with views & a private yard with sparkling pool!

20574 S 194th Place Queen Creek, AZ 85142

$659,500
4 Beds
2.5 Baths
2,596 SqFt
Status Active
MLS # 6679596
Property Type Single Family Residence
Price Type --
This stunning single level home features a large eat in kitchen, walk-in pantry, great room, and flexible bonus/den/dining room. The luxurious primary suite includes a large bathroom with separate vanities, soaking tub and a huge walk-in closet. The laundry room has access from the primary closet and secondary bedrooms hallway. The main living areas have wood-look tile, with cozy carpet in the bedrooms. This home is beautifully appointed with double ovens and granite counters in the kitchen, raised vanities in the bathrooms, double sinks in the 2nd bath and plantation shutters throughout. Easy maintenance back yard and desert landscaped front yard. Backyard is plumbed for natural gas - perfect for a BBQ. 3 car tandem garage is plumed for water softener. Washer/dryer included.

Scottsdale AZ 85260

$659,000
4 Beds
2 Baths
2,068 SqFt
Status Active
MLS # 6750978
Property Type Single Family Residence
Price Type --
This immaculate 4-bedroom, 2-bath gem boasts unmatched curb appeal in a highly desirable interior north/south-facing lot with NO HOA. Beautifully landscaped and meticulously maintained, the yard is low maintenance with accent lighting and irrigation system. Inside discover a stunning eat-in kitchen with granite countertops and Jenn-Air appliances, including a microwave and wall oven. The floor plan offers a formal living and dining area, plus a cozy family room adorned with a striking stone fireplace and wood floors T/O. Retreat to the expansive master suite, featuring a spacious walk-in closet. The master and guest bathrooms are elegantly designed, with granite counters and dual sinks. This is a turn-key home. Owner is looking for a quick , as-is, cash sale.

2442 E Pierson Street Phoenix, AZ 85016

$659,000
3 Beds
2 Baths
1,538 SqFt
Status Active
MLS # 6756269
Property Type Single Family Residence
Price Type --
Welcome to Biltmore living! Located in a quiet, family-friendly neighborhood near award-winning restaurants, shopping, and business centers, this fully renovated 3 bed, 2 bath, 1,538 sq. ft. home sits on a flood-irrigated lot with spacious front and back yards. Major updates include a new roof, sewer pipes, water heater, 4-ton HVAC unit, and dual-pane windows. Additional upgrades feature stainless steel appliances, luxury vinyl plank floors, new baseboards, doors, door trim, electrical / plumbing fixtures, bathroom vanities, and tile showers. Centrally located—15 minutes to Old Town Scottsdale, Downtown Phoenix, and the airport. No HOA!

8131 E Amelia Avenue Scottsdale, AZ 85251

$659,000
3 Beds
2 Baths
1,763 SqFt
Status Active
MLS # 6742139
Property Type Single Family Residence
Price Type --
Welcome to this charming, recently renovated Scottsdale Estates home, which is just down the road from the Indian Bend Greenbelt and all the shopping, nightlife, and restaurants that Old Town Scottsdale has to offer! Big yard and living space, great for entertaining

6119 N 28th Place Phoenix, AZ 85016

$659,000
2 Beds
2 Baths
1,185 SqFt
Status Active
MLS # 6742269
Property Type Apartment
Price Type --
Beautifully remodeled condo tucked at the end of gated Biltmore Courts, overlooking the Biltmore Golf Course with mountain views including praying monk! Open concept floorplan with quality finishes throughout. New Chef's kitchen is appointed with stainless steel appliances, updated cabinetry, and quartz countertops. Updated flooring in all high traffic areas. Primary suite showcases the amazing golf course and mountain views. Updated primary bathroom with dual sinks and walk-in glass shower. Enjoy the endless views year round from your covered patio with ceiling fan. 2022 AC unit too! Access to all of the resort-like community amenities including heated pool, spa, and sport court. Walking Distance to all of the best dining, shopping, and golf that the Biltmore has to offer!

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