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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6346 N 14th Street Phoenix, AZ 85014

$650,000

2 Beds

3 Baths

2,283 SqFt

Status Active

MLS # 6703109

Property Type Townhouse

Price Type --

Welcome to your dream home! This stunning Uptown house with 2 bedrooms, 3 full bathrooms, and office space, and separate den offering ample space for comfortable living. With spacious bedrooms, walk in closet, an open-concept kitchen, separate laundry room, and a private pool, luxury meets functionality here. This house is situated in gated area with a private street. Located in the greatly desired Madison School District only minutes away from Biltmore, PHX airport, downtown Phoenix, and Scottsdale. Enjoy the convenience of a 2-car garage. HOA covers: COX cable with all the movie channels ($130 value), landscaping and maintenance in common areas, as well as landscaping of grass along the front of the house. Don't miss out on the opportunity to make this your new home.

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2123 E Encanto Street Mesa, AZ 85213

$650,000

4 Beds

3 Baths

2,415 SqFt

Status Active

MLS # 6719577

Property Type Single Family Residence

Price Type --

Newly remodeled tri level home has all the right designer touches. This home features 2 beautiful on suite bedroom/bathrooms. Great for parents or adult children who need the extra space and privacy. The downstairs has a cozy fireplace and sitting room, along with the perfect bathroom including a relaxing soaking tub. The upstairs has a walkout balcony that overlooks a large backyard with sparkling pool. This home is perfect for entertaining with a large kitchen/dining area to fill with friends and family. Step out to the extra large covered patio with a big grassy back yard for the kids to pay. This home has it all even a large RV gate so you can bring all your toys.

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1937 E Medlock Drive Phoenix, AZ 85016

$650,000

2 Beds

2 Baths

1,741 SqFt

Status Active

MLS # 6709677

Property Type Townhouse

Price Type --

Historic Biltmore area mid-century modern town home in highly sought-after community features 2-bedroom 2-bathroom home includes a formal dining room, living room with a wood burning fireplace, and an additional family room off the kitchen with study nook. Kitchen is equipped with granite countertops, white cabinetry and added counter space for a coffee bar. Primary bedroom features white shutters and bath includes double sinks & large bath/shower. Private back patio has low maintenance landscaping & brick pavers. Location, Location, location Don't miss the opportunity to own a Biltmore Area home just steps away from shopping , restaurants and so much more !

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24719 N 106th Drive Peoria, AZ 85383

$650,000

4 Beds

2.5 Baths

2,978 SqFt

Status Active

MLS # 6724339

Property Type Single Family Residence

Price Type --

Unleash your inner interior designer in this captivating 4-bedroom, 2.5 bath +den abode! Downstairs you'll find everything you need including: primary suite boasting a spa-like bathroom, a den, formal dining and open concept living room and kitchen. Upstairs, unwind in the expansive double lofts - perfect for creating your dream movie theater and game room! Sip your morning coffee on the unique enclosed screened patio, your private oasis. This home boasts functionality too, with a convenient sink in the laundry room, and abundant storage in the 2.5 car garage and plantation shutters throughout. Enjoy cozy nights under the stars with the built-in firepit, and forget the holiday light-hanging struggles with extra outlets already in place! This tranquil neighborhood offers the best of both worlds: peace and quiet with parks and top-rated schools nearby, plus easy access to shopping, dining, and the freeway.

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14453 W Wilshire Drive Goodyear, AZ 85395

Open House

$650,000

4 Beds

3 Baths

2,680 SqFt

Status Active

MLS # 6731025

Property Type Single Family Residence

Price Type --

Welcome to your dream home! This beautiful single-story residence offers 4 spacious bedrooms and 3 bathrooms, perfect for family living and entertaining. Nestled in a tranquil cul-de-sac, this home features a 3-car garage with overhead garage storage racks, providing ample storage space. Step inside to a thoughtfully designed split floor plan that includes a great room with 10 ft ceiling throughout, adorned with crown molding and plantation shutters, creating an elegant ambiance. The primary suite is a true retreat with a separate tub and shower, dual sinks, a walk-in closet, and a designer mirror, ensuring comfort and luxury. The front bedroom is generously sized and comes with an ensuite bathroom and spacious closet, ideal for guests or as an in-law suite. The kitchen is a chef's delight boasting double ovens, glass cooktop, granite countertops, staggered kitchen cabinets with under cabinet lighting and a breakfast bar for casual dining. The full-length back patio is perfect for outdoor entertaining, equipped with lighting and speakers. Enjoy the serene water feature with a waterfall, adding a touch of tranquility to your outdoor space. The property backs to a park, offering beautiful views through the view fence. Additional features include a spacious laundry room with upper cabinets and countertops, and a host of premium finishes that make this home truly special. Enjoy the nearby Palm Valley Community Centers pool, tennis courts, barbeques and game rooms. Exterior painted in March 2024, sunscreens installed in 2023, new kitchen appliances replaced in the last 3 years. Don't miss the opportunity to own this exceptional property!

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9802 S 46th Street Phoenix, AZ 85044

Open House

New

$650,000

4 Beds

3.5 Baths

2,417 SqFt

Status Active

MLS # 6759316

Property Type Single Family Residence

Price Type --

Welcome to your dream home! This stunning 4-bedroom, 3.5-bathroom property offers luxury living in a serene Ahwatukee neighborhood with no HOA. The spacious design features high ceilings and large windows, flooding the home with natural light and offering breathtaking views of the heated pool, spa, and mountains beyond. The master suite is a private retreat, complete with an en-suite bathroom and a walk-in closet. The functional kitchen is equipped with reliable appliances, ample storage, and a convenient layout perfect for daily cooking or entertaining. One of the home's standout features is the windows that provide a seamless connection between indoor and outdoor living. Step outside to enjoy the large heated pool and spa, perfect for year-round relaxation and entertainment. Above, the second-story deck spans the entire length of the home, offering panoramic views of the pool, spa, and surrounding mountainsideal for enjoying your morning coffee or watching the sunset, with the high block wall providing extra privacy. Located minutes from major freeways, scenic hiking trails, golf courses, and top-tier restaurants, this home offers the best of both convenience and tranquility. Don't miss the chance to make this stunning property yours!

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21911 N 97th Glen Peoria, AZ 85383

Open House

New

$650,000

4 Beds

3 Baths

2,256 SqFt

Status Active

MLS # 6759518

Property Type Single Family Residence

Price Type --

Absolutely stunning home in the highly desirable community of Meadows. Energy efficient home with owned solar panels. Exceptional curb appeal. Situated on a premium, corner lot. You will be in awe when you walk through the front door. Elegant open concept awaits you as you enter the gathering room which features a luxurious kitchen with 42's Espresso Maple Cabinets, large kitchen island, stainless steel appliances, and granite countertops. The spacious primary bedroom features an en-suite with dual vanities, separate tub and shower and large walk-in closet. Enjoy countless Arizona sunsets under your extended rear covered patio. Low maintenance backyard features extended travertine pavers. Plenty of storage with built in cabinets in the 3 car tandem garage.

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632 N 72nd Place Scottsdale, AZ 85257

Open House

$650,000

4 Beds

2 Baths

1,990 SqFt

Status Active

MLS # 6727478

Property Type Single Family Residence

Price Type --

Fresh paint, new flooring, new kitchen features waterfall counter top, new restrooms. Homes has been remodeled and is ready for its new owner. Dual pane windows through the home. Shopping retail, entertainment, and restaurants very close.

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9942 E Timpani Lane Mesa, AZ 85212

Open House

New

$650,000

4 Beds

3 Baths

2,188 SqFt

Status Active

MLS # 6758739

Property Type Single Family Residence

Price Type --

4 bedroom, 3-bathroom home with a 2-car garage located in the desirable Cadence community! This stunning property features modern tile plank flooring. The spacious layout includes a formal dining room or den, along with an open-concept living, kitchen, and family room, perfect for entertaining. The kitchen shines with Quartz countertops, a large island, and stainless steel appliances including a gas range, dishwasher, and microwave. The master suite, privately located at the rear, boasts a huge walk-in closet, dual sinks, and a private toilet room. One bedroom with a guest bath is situated at the front, while the 3 bedrooms with an en suite bath is located off the garage/laundry hallway—giving each family member planty of their own space in the large bedrooms. Come take a tour.

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3935 E Rough Rider Road Unit 1319 Phoenix, AZ 85050

Open House

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.

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226 N 96th Street Mesa, AZ 85207

$649,999

4 Beds

2 Baths

1,848 SqFt

Status Active

MLS # 6740558

Property Type Single Family Residence

Price Type --

Stepping into the delightful atmosphere of this unique, no HOA, farm and horse property, a distinctive encounter with Arizona's serene countryside living. This meticulously-designed property, with its distinct features and amenities, offers a one-of-a-kind residential opportunity. The house proudly exhibits optimized use of space with convenient built-in custom cabinetry. Artisanal craftsmanship exudes throughout the home with beautifully handcrafted interior doors leading to various rooms. Bask in a beautifully crafted relaxation space—a charming outdoor front patio. At night, the patio transforms into an enchanting social nucleus, with a lively play of cozy lights creating a tranquil setting for relaxed evenings and friendly gatherings. It becomes a well-loved magic spot that morphs with the enchanting glow of nightfall a real spectacle in your own home. For outdoor enthusiasts, this property offers a compelling reason to consider switching gears. The added benefit of full RV hookup services makes it possible to combine home life with adventure. An opportune setup for weekend getaways, providing a seamless blending of domestic comforts with the thrill of exploratory recreation. Moreover, it's a farm and horse property, a rare luxury indeed. Pre Existing sheds, complete with utilities catering to animal care activities, make it a sure bet for those with an equestrian outlook. The interior comfort is uncompromised, thanks to the recent upgrade on both the roof and AC units, a significant added value that ensures year-round temperature comfort and long-term peace of mind. Adding to its desert appeal are the custom saguaro window coverings. This subtle touch brings in an element of local flora into the interior, enhancing the engaging theme of indoor-outdoor living. Experience life at a refreshing pace, where the harmony of the natural environment beautifully collides with the rhythm of modern living. A home designed to inspire and enthrall.

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2242 W Myrtle Drive Chandler, AZ 85248

$649,999

3 Beds

2.5 Baths

2,241 SqFt

Status Active

MLS # 6747941

Property Type Single Family Residence

Price Type --

Truly stunning golf course lot with spacious floor plan in Ocotillo area. 3 bedroom plus loft. Step into this meticulously upgraded home featuring premium exterior and interior paint, covering every surface including the fencen and relaxing spa area. The first floor boasts modern and duable water proof vinyl flooring, perfect for both style and practicality. Island kitchen, including classic cabinets, granite counters, tile backsplash and much more. Upstairs, enjoy the plush comfort of brand new carpeting, Gorgeous wooden shutters throughout. Breathtaking backyard with heated spool, lush landscaping with great views to the golf course. Fruitful lemon tree and jujube date tree in the backyard

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