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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2508 E Nancy Lane Phoenix, AZ 85042

$655,000 - 4Br/3Ba -  for Sale in Arbors, Phoenix
Open House
$655,000
4 Beds
2.5 Baths
2,569 SqFt
Status Active
MLS # 6757871
Property Type Single Family Residence
Price Type --
Your new dream home comes complete with a white picket fence and mountain views! Ideally located within a gated community, this north/south facing property has SO many extras! Premium lot next to a walking path to the east. Enter your private front courtyard through a wrought iron gate. Once inside, you'll love the stunning chef's kitchen with HUGE walk-in pantry, granite counters, backsplash tiles added to large island, pendant lights, R/O system and large drawers under the cooktop. Primary bath features a walk-in shower with dual shower heads, two sinks and a barn door. Other extras include tankless water heater, laundry sink, three car garage with separate one-car garage stall perfect for a workshop and a spacious backyard. This one is SPECIAL...make it yours!

10757 N 74th Street Unit 2026 Scottsdale, AZ 85260

$655,000 - 3Br/2Ba -  for Sale in Barolo Place Condominium, Scottsdale
New
$655,000
3 Beds
2 Baths
2,011 SqFt
Status Active
MLS # 6760458
Property Type Townhouse
Price Type --
Luxurious designer townhome boasting the most popular floor plan & highly-coveted location within the complex near the pool, set away from Shea & 74th St. Meticulously maintained, this spacious, light-filled 2nd-floor single-level home has over $75K in custom features. The intuitive layout features an open kitchen, living & dining room, three large bedrooms, an office, two full baths, and 3 outdoor patios for additional relaxation. The gourmet kitchen boasts stainless steel appliances, a stacked stone backsplash, and an oversized island with a breakfast bar. The relaxing master retreat, split from the two guest rooms, enjoys a private patio + walk-in custom closet. The bathroom is finished with a separate tub, dual under-mount sinks, and a private water closet. The two-car garage includes built-in cabinets and epoxy flooring. Stroll to restaurants, movie theaters, and numerous shops & services, not to mention easy freeway access!

21649 E Roundup Way Queen Creek, AZ 85142

$654,995
3 Beds
2.5 Baths
2,390 SqFt
Status Active
MLS # 6735750
Property Type Single Family Residence
Price Type --
Welcome to Light Sky Ranch and the Pinecrest plan! This 2390 square foot home boasts a well-appointed design that caters to both relaxation and functionality. With three bedrooms, two and a half baths, and a dedicated study, there's ample space for both privacy and gathering. The gourmet kitchen stands as the focal point, featuring quartz counters, upgraded shaker cabinets, and a spacious center island ideal for culinary endeavors or casual meals. The master suite is a tranquil oasis, offering dual closets and a deluxe bathroom for indulgent relaxation. Enhanced by 10-foot ceilings and a multi-slide door, the home is flooded with natural light. Outside, a single-car garage and a 2-car garage offer ample storage for vehicles, outdoor gear, and more. With amenities such as a tankless water heater for efficiency and a charming paver driveway, this home seamlessly blends convenience with sophistication.

20272 W Hollyhock Street Buckeye, AZ 85396

$654,995
3 Beds
3 Baths
2,630 SqFt
Status Active
MLS # 6717732
Property Type Single Family Residence
Price Type --
8760 sqft lot - Optional Guest Suite - Gourmet kitchen, quartz countertops, full tile backsplash, white cabinets, pendant lights at island, stainless steel appliances w/pyramid hood & gas cooktop - Multi-slide doors at great room - Walk-in shower at primary bath - Pre-plumb locations at laundry room, soft water loop, gas to patio - 9 x 35 tile floors throughout except for carpet in bedrooms - Satin nickel fixtures throughout - Ceiling fan pre-wires at bedrooms, patio and great room - 10-foot ceilings - Two-tone paint - Garage service door - Cabinets & wet bar sink at guest living room w/ beverage center & rough-in for microwave.

21664 E Roundup Way Queen Creek, AZ 85142

$654,995
3 Beds
2.5 Baths
2,390 SqFt
Status Active
MLS # 6721119
Property Type Single Family Residence
Price Type --

9961 S Centennial Road Apache Junction, AZ 85120

$654,990
5 Beds
3.5 Baths
3,027 SqFt
Status Active
MLS # 6750831
Property Type Single Family Residence
Price Type --
Up to 3% of base price or total purchase price, whichever is less, is available through preferred lender plus additional 3% of base price or total purchase price, whichever is less, is available to be used toward closing costs, pre-paids, rate buy downs, and/or price adjustments. The Prato floor plan is an elegant two-story home featuring five bedrooms, an upstairs loft, and a spacious flex area perfect for an office, TV room, or study. Complete with front yard landscaping, this home will be ready for occupancy by October or November. It is conveniently located near community parks, grocery stores, and restaurants.

11337 E Ulysses Avenue Mesa, AZ 85212

$654,990
5 Beds
4.5 Baths
3,058 SqFt
Status Active
MLS # 6681559
Property Type Single Family Residence
Price Type --
Come see this stunning 2-story Rose floorplan. On the first floor you will be met with a full bedroom and en-suite bathroom, large kitchen, separate kitchen nook and dining room plus a powder bath! As you head upstairs you are greeted by a large loft, and 4 other bedrooms. The laundry room is conveniently located upstairs, so gone are the days of walking up and down stairs with laundry. This home is equipped with all the high end finishes that Ashton Woods prides itself on. From a stunning quart countertop to kitchen backsplash, cabinet hardware, and upgraded faucets throughout. Great location close to dining, freeways, parks, and entertainment. Home is ''Energy Star'' for remarkable comfort, energy efficiency and environmental sustainability.

10234 W Adam Avenue Peoria, AZ 85382

$654,990 - 4Br/4Ba -  for Sale in Camino A Lago South Parcel 4, Peoria
Open House
$654,990
4 Beds
3.5 Baths
2,679 SqFt
Status Active
MLS # 6733131
Property Type Single Family Residence
Price Type --
Ahh the smell of new-READY NOW! Experience the charm of Camino A Lago! 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 White 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. Exterior photos of actual spec home, interior photos display similar spec home to show layout**options may vary**

16828 S 10th Avenue Phoenix, AZ 85045

$654,950
3 Beds
2.5 Baths
2,615 SqFt
Status Active
MLS # 6730727
Property Type Single Family Residence
Price Type --
Looking for that hard to find 3 bedroom (plus den) with a 3 car garage all on one level? Then welcome home! Here you'll find 2615 square feet in an open floorplan with mountain views out almost all windows. Besides the view, you'll also see a freshly painted exterior. More outdoors: Bursera trailhead (of 16,000 acre South Mountain Park) is less than 2 miles away. Club West Park with tennis, volleyball, basketball & playground is just up the street. There's also a clubhouse for your next larger gathering that only Club West homeowners may rent out. Like to workout? Ahwatukee YMCA is only 6 minutes away. When it's time for work instead of play you'll have great freeway access to the 202. Come see why so many people love to call the Foothills Home Sweet Home!

4444 E Bethena Street Gilbert, AZ 85295

$654,900
4 Beds
3 Baths
2,420 SqFt
Status Active
MLS # 6751104
Property Type Single Family Residence
Price Type --
Welcome to this charming 2-story home in the popular community of Cooley Station. It features a lush, well-manicured front yard with an inviting front porch with flowers all around. Step into a spacious living room with lots of light. The kitchen is light and bright and includes white cabinetry, recessed lighting, granite counters, stainless appliances, wall ovens and center island with breakfast bar. There are expansive sliding doors and an adjacent dining area that look out onto the sunny courtyard. The travertine patio has been extended and the artificial turf is low maintenance and aesthetically vibrant. The spacious primary bedroom is on the main floor and has a view of the courtyard. The primary ensuite bathroom boasts a large tub, separate shower, dual vanities and walk in closet. Off the living area, and down the hall, there are two bedrooms and a full bathroom on the main floor. There are also two large closets in the hallway for added storage. The laundry room has upper and lower white cabinets and windows and is located off the kitchen across from the generous pantry. Up the stairway, you will find a huge loft area that can be used as an additional living space or as a separate living space for mother-in-law, teen, etc. There is an additional bedroom, closet, and full bathroom upstairs. The 2-car garage and 2 car driveway are in the back of the house and provide space for storage as well as two large vehicles. The location can't be beat with walking distance to the basketball courts, kids playground, bbq area and fields. The community pools, Fry's Marketplace, Crust, and multiple other eateries are a short bike ride away. Come see this fabulous neighborhood!

537 W Mountain Vista Drive Phoenix, AZ 85045

$654,900
4 Beds
2 Baths
2,050 SqFt
Status Active
MLS # 6751364
Property Type Single Family Residence
Price Type --
This home Has The Perfect Floor Plan With Large Open Living Area With Slate And Hard Wood Floors With A Double Door Office/Fourth Bedroom. The Kitchen Features A Large Granite Breakfast Bar With Newer Raised Panel Dove Tail Drawer Cabinets And Glass Tile Back Splash and Stainless Steel Appliances. All Open To The Family Room With Fireplace With Views Of The Oversized Cover Patio And The Diving Pool And Built In Spa. The Entire Home Has Natural Slate Tile Flooring And Vaulted Ceilings Through Out. The Interior Models Some Of The Most Colorful Cities In The World. If You Have Been Or Always Wanted To See Procida Italy,Santorini Greece Or Rio de Janneiro Brazil This Home Will Help CreateThe Atmosphere And Ambience Of The Most Sought After And Comfortable Places In The World. The Three Car Garage Has Incredible Built In Cabinets And Plenty Of Space or Vehicles And Toys. The Roof Is Three Years Old And The HVAC Is Also Newer For Ease Of Future Comfort. This Home Is Incredible And Quietly Located In The Foothills Club West With Easy Access To Freeway Travel. This Home Sits On The The Club West Golf Course Which Has Many Wonderful Future Opportunities As Plans Move Forward.

19736 W Turney Avenue Litchfield Park, AZ 85340

$654,900
4 Beds
3 Baths
2,982 SqFt
Status Active
MLS # 6752703
Property Type Single Family Residence
Price Type --
Beautiful location across from one of the largest parks with mountain views out almost every upstairs window. The rooms are light airy and open and the lot is big enough for a pool and all your dreams. The design choices are modern comfortable and you'll fall in LOVE with the wall of windows creating indoor/outdoor living. Verrado has 90+ parks, 31 miles trails, 2 championship golf courses, numerous dining, shopping, spa experiences, fitness center, 4 community pools, golf cart resort style living nestled against the white tank mountians. Future Mecca of the West Valley with Hospital, Movie theaters, open air mall, higher education, and access to the freeways for an easy breezy commute. Priced for a qucik sale

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