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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11000 N 77th Place Unit 2085 Scottsdale, AZ 85260

$650,000
2 Beds
2 Baths
1,571 SqFt
Status Active
MLS # 6752086
Property Type Townhouse
Price Type --
Experience modern living in the gated Sovanna Condominiums at Scottsdale Country Club! This charming unit offers 1651 sqft with 2 beds, 2 baths, & a 2-car garage. Home exudes elegance with plantation shutters, neutral paint, tons of natural light, and tasteful flooring - tile & plush carpet. You'll love the inviting great room that seamlessly blends the main areas, adorned w/gas fireplace! The impressive kitchen boasts granite counters, a pantry, track lighting, designer backsplash, ample wood cabinetry, and a 2-tier peninsula w/breakfast bar. The den provides versatility! Primary bedroom is a true retreat, featuring an ensuite with dual sinks, separate tub/shower, & a walk-in closet. Multiple sliding doors open to two cozy balconies, one of which overlooks the common area! Make it yours!

3935 E Rough Rider Road Unit 1319 Phoenix, AZ 85050

$650,000 - 3Br/3Ba -  for Sale in Villages At Aviano Condominium, Phoenix
New
$650,000
3 Beds
3 Baths
2,063 SqFt
Status Active
MLS # 6759281
Property Type Townhouse
Price Type --
Your opportunity to own the Sovanna floor model in Villages at Aviano, featuring 3 bedrooms, 3 full bathrooms, 2-car garage with storage & outdoor patio is here! Primary bedroom offers a bonus room & ensuite bathroom with dual sinks, & separate shower. Upgrades include beautiful granite, stainless steel appliances, bronze finishes, built in entertainment console, surround sound, laundry room sink & all tile flooring (no carpet). Villages at Aviano is gated with a community pool & homeowners enjoy privileges at the 16,000 sq/ft Aviano club house with a resort style pool, spa, fitness center, meeting & banquet rooms, tennis, basketball, sand volleyball, park & walking paths. Desert Ridge offers shopping, dining & close access to the 101 & 51 highways.

3219 E Redwood Lane Phoenix, AZ 85048

$650,000 - 4Br/3Ba -  for Sale in Lakewood Parcel 20 Lot 1-114 Tr A&b, Phoenix
New
$650,000
4 Beds
2.5 Baths
2,490 SqFt
Status Active
MLS # 6760095
Property Type Single Family Residence
Price Type --
Beautiful single-family home featured in the highly sought after Lakewood subdivision located along the Ahwatukee foothills in southern Phoenix, AZ. This home incorporates a subtle balance of contemporary finishes with a modern farm style design. The home features 4 bedrooms, 2.5 full bath(s), 2,490 sq ft open concept floor plan, nicely appointed kitchen w/ granite countertops, large [eat-in] island, raised panel cabinetry, ss appliances, gas cooking, and pantry. Also, this home features both formal & informal living spaces w/ fireplace, an upstairs loft den/flex space, 9ft+ ceilings, updated bath(s), luxury vinyl plank flooring, modern plumbing/lighting fixtures [fans], plantation shutters, New Roof, New HVAC [2yrs old], New Water Heater, and a dedicated master retreat featuring a.. spacious sleeping quarters, stand alone soaking tub & large step-in shower, dual sinks, and walk-in Closet.. Lastly, the home features a 3-car garage, low-maintenance front yard w/ fountain, RV parking/gate, and a private [resort style] backyard featuring gorgeous pebble-tech pool, grass turf, mature landscaping, and covered patio space--perfect for entertaining guests & family. Lakewood subdivision offers residents plenty of walking & bike paths, lake views, green spaces, and is just minutes away from great shopping, restaurants, and entertainment.

5902 E Tandem Drive Cave Creek, AZ 85331

$650,000
3 Beds
2 Baths
1,846 SqFt
Status Active
MLS # 6725869
Property Type Single Family Residence
Price Type --
Don't miss this incredible opportunity to own a spacious home in a sought-after neighborhood, boasting the BEST PRICE in the area! With great bones and a solid foundation, this home is perfect for your own unique customization and ability to add your own touch. It's an ideal canvas for your vision. Discover the endless possibilities. Go check it out yourself!

4116 N 17th Avenue Phoenix, AZ 85015

$650,000
4 Beds
2 Baths
1,801 SqFt
Status Active
MLS # 6744567
Property Type Single Family Residence
Price Type --
4-bedroom home has been turned into something amazing! Large corner lot w/ great curb appeal. Lovely front porch, circular paved driveway, ample parking, & additional detached garage, can be a workshop or guest house. Enter & fall in love! Gorgeous spacious open floorplan overlooking the backyard & sparkling pool. Inviting LR adorned w/ large windows & dining area w/ patio doors leading to the backyard & pool. Large covered patio allows for entertaining or just to relax & enjoy! Brand new chef's kitchen w/ new cabinetry, accented wall shelving, large island, fixtures, appliances, etc. All new baths. 4th bedroom/game rm, or office w/ fireplace. Located near the Melrose District, close to restaurants, Seller is open to offering Seller to Buyer concessions.

6321 S Teresa Drive Chandler, AZ 85249

$650,000
4 Beds
3 Baths
1,813 SqFt
Status Active
MLS # 6732899
Property Type Single Family Residence
Price Type --
Welcome to this well-kept, fantastic 4-bedroom, 3-bathroom, pristine Pool and Spa, two-story home located in the highly sought-after Cooper Commons neighborhood in Chandler. Step inside to find a meticulously maintained home with a bright and airy living space. The kitchen is equipped with brand-new high-end appliances. Each bathroom has been stylishly updated, adding a touch of elegance to the home. The luxurious master bedroom features two master closets, providing ample storage space. The garage boasts an epoxied floor for a clean and polished look. Don't miss the opportunity to own this immaculate home! Don't miss the opportunity to own this immaculate home! Key Features: Spacious open concept living areas with new carpet Cozy Kitchen with brand new appliances Stylishly updated bathrooms Luxurious master bedroom with two master closets and new standing shower Epoxied garage for a polished look Pristine pool and spa with a new energy efficient pump Newer roof, hot water heater, and AC unit Beautiful new turf in the front yard

32581 N 133rd Avenue Peoria, AZ 85383

$650,000
3 Beds
2 Baths
2,043 SqFt
Status Active Under Contract
MLS # 6748299
Property Type Single Family Residence
Price Type --
Nestled in the impressive Peoria community of Vistancia is a residence that epitomizes elegance and modern luxury. This stunning home offers a harmonious blend of sophisticated design and comfortable living, making it an ideal retreat for those seeking a refined lifestyle. As you approach the property, you are greeted by a beautifully landscaped front yard and an inviting covered porch entrance that sets the tone for the elegance that lies within. The exterior boasts a tasteful combination of architectural elements, creating an impressive curb appeal that is both timeless and contemporary with mountain views on 3 sides of this dynamic property. With the perfectly designed corner lot there is no adjoining homes to the back and one side. Step inside, discover a spacious and thoughtfully.. designed interior. The open floor plan seamlessly connects the living spaces, allowing for an abundance of natural light to fill the home. High ceilings and premium finishes enhance the sense of luxury throughout the residence. The gourmet kitchen is a chef's dream, featuring state-of-the-art appliances, elegant cabinetry, and ample counter space. It opens to a cozy yet expansive living area, perfect for both intimate gatherings and grand entertaining. The adjacent dining area provides a sophisticated space for formal meals and celebrations. The bedrooms are generously sized, offering peaceful retreats with ample storage and comfort. The primary suite which is split from the other bedrooms is particularly impressive, featuring a spa-like en-suite bathroom with modern fixtures and finishes, providing a private sanctuary for relaxation and rejuvenation. The additional bedrooms and bathrooms are equally well-appointed, ensuring comfort and convenience for all. Outside, the backyard is a private oasis. Whether you are lounging on the patio, dining al fresco, or simply enjoying the beautiful Arizona weather, this outdoor space with impressive pool, outdoor fireplace and more is designed for leisure and enjoyment. The meticulously maintained landscape adds to the home's charm and provides a serene backdrop for outdoor activities. The desirable Vistancia community offers easy access to a wealth of amenities, including parks, recreational facilities, shopping, easy freeway access, golf, and dining options. The community's friendly atmosphere and convenient location make it a wonderful place to call home. This home is more than just a residence; it is a sanctuary where elegance meets comfort, offering a lifestyle of unparalleled luxury in the heart of Peoria's Vistancia community.

35838 W Buckeye Road Tonopah, AZ 85354

$650,000
2 Beds
2 Baths
1,344 SqFt
Status Active
MLS # 6734574
Property Type Manufactured Home
Price Type --
Great location on West Buckeye Road, 3 parcels totaling more than 7 acres of land with a remodeled 1,344 SqFt manufactured home. This land used to produce an assortment of organic fruits and vegetables alongside large quantities of honey and citrus. With 3 water wells for irrigation, this land is prime for farming. The 4 acre parcel with the home has been rezoned agricultural, with surrounding area being developed. Ready to live and invest. A must see!

1326 N Central Avenue Unit 305 Phoenix, AZ 85004

$650,000
2 Beds
2.5 Baths
1,760 SqFt
Status Active
MLS # 6693883
Property Type Apartment
Price Type --
Seller willing to prepay one year HOA fees as incentive! BRAND NEW AC! Welcome to your new downtown dream loft! Take in an amazing cityscape from the large open 3rd floor living area, including kitchen, dining, living room, half bath, and patio. An entertainer's dream! Kitchen recently updated with all new appliances and gorgeous quartz countertops. New light fixtures and hardware throughout. As you head downstairs you'll find a functional office/flex space, complete with your guest's favorite murphy bed. In the grand primary, you'll have a luxurious walk-in closet, double vanity, spacious shower, and soaking tub. Lower level also includes a full secondary bedroom with its own private patio, second bathroom, ample storage, and laundry room with brand new washer/dryer (+ more storage!). All this AND an owned EV charging station! Conveniently located in the heart of Downtown Phoenix. Walking distance to the Roosevelt Row Arts District, Burton Barr Library, Margaret T. Hance Park, The Japanese Friendship Garden, and all of the excitement of DTPHX. You won't want to miss this opportunity!

1208 W Random Way Payson, AZ 85541

$650,000
2 Beds
2 Baths
2,282 SqFt
Status Active
MLS # 6724003
Property Type Single Family Residence
Price Type --
For a quiet retreat with space to spread out on close to an acre. Need a place to park your RV? This home has plenty of room with the 2 car garage attached to the house and an additional 2 car garage/shop in the out building. Add to that a set up for covered RV parking. We have you covered...Don't forget the park and golfing down the street. Newly painted throughout with new flooring in kitchen, great room and hallway and new carpeting in bedrooms. New chain link fence as well. Green Valley Park and Payson Golf down the street. Take a peek in the utility room and see another storage area.....

15999 W Montana De Oro Drive Surprise, AZ 85387

$650,000
4 Beds
3 Baths
2,515 SqFt
Status Active
MLS # 6747387
Property Type Single Family Residence
Price Type --
Gorgeous Home in Escalante For Sale that's better than new! The home has over $100,000 in upgrades all the way throughout, starting with the exterior that has charming curb appeal, front yard landscaping with lighting and irrigation, extra wide driveway pavers for additional parking, and additional pavers to the gate and beyond perfect for RV's, boats, toys, you name it! The interior has been completely upgraded as well, featuring soaring 10ft ceilings, 8ft doors, and a split floor plan that feels airy and bright! Notice the neutral wood look tile flooring and paint that go with any color! The kitchen is a chef's kitchen with massive island, 4-inch granite countertops, Upgraded GE Café Stainless Steel Appliances, custom drawers throughout, under cabinet lighting, and more! For gas cooking enthusiasts, it's stubbed and ready, too! The kitchen opens to the spacious family room, perfect for family time or entertaining, and features the 16 foot atrium sliding doors, giving that indoor-outdoor feel! The master bedroom is large, and boasts a resort style ensuite with raised countertops, double sinks, and a super-shower with two shower heads and granite bench, plus a massive walk-in closet! The additional bedrooms are spacious as well, and the secondary bathrooms have been equally upgraded. If that's not all, you'll love the flex space that could make for a perfect office, workout room, or craft space, the 3 car tandem garage with epoxy flooring, tankless water heater, spacious laundry room with stainless steel sink, and all the upgraded lighting and fans throughout! The backyard is your blank canvas, with plenty of space for a pool. Builder incentives are nice, but this house has it all, plus builder warranties, and with no build time! Escalante is a vibrant and family-friendly neighborhood renowned for its exceptional amenities and outdoor lifestyle. Nestled within this community are charming tree-lined streets that provide a serene backdrop to everyday living. Residents enjoy easy access to scenic hiking trails that invite exploration and adventure right at their doorstep. The neighborhood boasts a state-of-the-art aquatic center, perfect for relaxation and recreation. With eight select parks featuring ramadas, basketball courts, pickleball courts, and bocce ball courts, there's no shortage of recreational options. For disc golf enthusiasts, an 18-hole course offers a fun challenge, while a thrilling zip line provides endless enjoyment for kids. Escalante seamlessly blends active living with relaxation, making it an ideal place to call home. Welcome home!

14638 N 7th Place Phoenix, AZ 85022

$650,000
4 Beds
2.5 Baths
2,989 SqFt
Status Active
MLS # 6747477
Property Type Single Family Residence
Price Type --
Stunning remodeled property with OWNED SOLAR and NO HOA! Incredible vaulted ceilings, a soothing palette, warm wood flooring, a wet bar, & a stunning two-way fireplace that also serves the family room for cozy gatherings w/ loved ones. The eat-in kitchen features granite counters, abundant white cabinetry, pendant/recessed lighting, sleek SS appliances, a pantry, & a peninsula w/ a breakfast bar. You'll also find a den ideal for an office or study. The main bedroom offers direct backyard access, an ensuite w/ dual vessel sinks, & a walk-in closet. Venture outside to the enchanting backyard, boasting a full-length covered patio & a refreshing pool. Make it yours

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