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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2438 E Indianola Avenue Phoenix, AZ 85016

$649,999

3 Beds

2.5 Baths

1,590 SqFt

Status Active Under Contract

MLS # 6731042

Property Type Single Family Residence

Price Type --

Welcome to 2438 E Indianola, a charming and character-filled home located in South Earl Heights. This beautifully remodeled 3-bedroom, 2.5-bath residence features a stunning addition that includes a primary suite, laundry room, and powder bath, creating the perfect split floor plan for any lifestyle. The kitchen is exquisitely updated with shaker cabinetry and stainless steel appliances. Both the front and backyard have been recently revitalized with a beautiful covered patio, new sprinklers and drip systems, fresh sod, mini olive shrubs, and lady banks roses. The property also boasts an unfinished detached garage, ideal for a workshop or potential ADU conversion. Adjacent to the garage is a fully enclosed dog run with private access to the front of the property, offering the potential to create a separate entrance for the ADU. Significant upgrades include new electrical, plumbing, insulation, sewer line, windows, flooring, and HVAC. Virtually every inch of this home has been updated and permitted, making it the perfect move-in-ready home. Centrally located in the desirable Biltmore corridor with easy access to the 51 freeway, this home is a must-see. Come experience it for yourself!

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13325 W Luke Avenue Litchfield Park, AZ 85340

$649,999

3 Beds

2.5 Baths

2,432 SqFt

Status Active

MLS # 6735757

Property Type Single Family Residence

Price Type --

Welcome to this stunning residence in Dreaming Summit! This home boasts fantastic curb appeal with a 3-car garage, an RV gate, and a charming courtyard. Step inside to a welcoming foyer that leads to an immaculate open layout drenched in natural light. Experience true elegance with plantation shutters, soaring ceilings, and soothing paint tones accentuated by wood-style flooring throughout home. The gourmet kitchen is a chef's dream, featuring an electric cooktop, double wall ovens, granite countertops, a stylish tile backsplash, and an island with a breakfast bar. Staggered wood cabinetry with crown molding and a spacious pantry provide ample storage. The main suite is your private sanctuary, direct backyard access, a luxurious ensuite, and a walk-in closet. There's also a dedicated office with built-ins, perfect for remote work or study. The backyard is an entertainer's paradise, offering a covered patio, a pergola, a built-in BBQ, and a sparkling pool. Don't miss out on this modern dream home - act now!

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35244 N Barley Street San Tan Valley, AZ 85144

$649,995

3 Beds

2.5 Baths

2,575 SqFt

Status Active

MLS # 6723727

Property Type Single Family Residence

Price Type --

Modern deluxe comfort. The Lillington's inviting covered entry and spacious foyer hallway flow into the expansive great room and casual dining area, revealing the desirable large, covered patio beyond. The well-designed gourmet kitchen is enhanced by a large center island with breakfast bar, plenty of counter and cabinet space, and gigantic walk-in pantry. The stunning primary bedroom suite is highlighted by dual walk-in closets and deluxe primary bath with dual-sink vanity, large soaking tub, luxe shower, and private water closet. Sizable secondary bedrooms feature walk-in closets and shared bath with separate dual-sink vanity area. Additional highlights include a versatile office off the foyer, convenient powder room and drop zone, centrally located laundry, and additional storage.

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21747 E Roundup Way Queen Creek, AZ 85142

$649,995

3 Beds

3 Baths

2,630 SqFt

Status Active

MLS # 6674425

Property Type Single Family Residence

Price Type --

Enjoy this beautiful Pomona Opportunity with Guest Suite! This true split floorplan provides space to spread out! Your guests will find the spacious Kitchen/Dining /Great Room area quite comfortable for making memories for years to come. Included features: Timeless Stone Creek Collection Interior Design with cool tones. Upgraded Shaker Cabinets, Quart Kitchen Counters, 6X35 Tile flooring, Carpet in Bedrooms. Matte Black Hardware. Insulated 3 Car Garage with 8' Garage Doors, Gas stub at patio, Gas Range at Kitchen, Gas Dryer Hook up, Paver driveway and courtyard and Tankless water heater included!! Elevate your lifestyle today with the Amazing Pomona Floorplan!

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21673 E Roundup Way Queen Creek, AZ 85142

$649,995

3 Beds

2.5 Baths

2,390 SqFt

Status Active

MLS # 6702202

Property Type Single Family Residence

Price Type --

Welcome to Light Sky Ranch and the Pinecrest plan! This 2390 square foot home epitomizes modern luxury and comfort, boasting 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 spa-inspired shower 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.

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21680 E Roundup Way Queen Creek, AZ 85142

$649,995

3 Beds

2.5 Baths

2,390 SqFt

Status Active

MLS # 6721113

Property Type Single Family Residence

Price Type --

This Pinecrest plan is on a generous sized lot with a South facing front and borders a community greenbelt in central Queen Creek. The smart floorplan is a 3 bedroom, 2.5 bath, 3 car garage. Interior finishes include 10' ceilings, Gourmet Kitchen appliances with a gas cooktop and a 36'' vent hood, beautifully designed separate tub and large shower with His and Hers closets in the Primary Bathroom, expansive multi-slide glass door system from the Great Room to the covered patio, and much more! Awesome location close to Queen Creek Marketplace, a brand new Costco and Fry's, and all that Queen Creek has to offer.

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17414 W Carlisle Drive Surprise, AZ 85388

$649,995

4 Beds

3.5 Baths

2,749 SqFt

Status Active

MLS # 6709494

Property Type Single Family Residence

Price Type --

Located in Active Adult, this 4 bedroom, 3.5 bath with den, Eastwood floorplan, offers a spacious feel your looking for in a new home. Two of the secondary bedrooms share a jack-n-jill bathroom, another secondary bedroom has a private bath. Large Primary suite with large primary bath has split dual vanities and step in shower. The kitchen has hardtop counters and stainless steel appliances, upgrade cabinets and a large island for seating and entertaining. Large patio and pool sized yard for those times for larger get togethers. If you are looking for extra space this is the home for you. The club house, fitness center, spa, pools, pickle ball, tennis are just a few amenities we offer. ..it's too good to be true.

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5064 E Peak View Road Cave Creek, AZ 85331

$649,995

3 Beds

2.5 Baths

2,141 SqFt

Status Active

MLS # 6650226

Property Type Single Family Residence

Price Type --

3BD 2.5BA 2141 SQ FT HOME WITH PRIVATE POOL IN GREAT LOCATION. LARGE BKYD THAT BACKS TO DESSERT WASH. TILE IN ALL WALK AREAS & CARPET THROUGHOUT.

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1438 W Coral Reef Drive Gilbert, AZ 85233

$649,995

3 Beds

3 Baths

2,289 SqFt

Status Active

MLS # 6726941

Property Type Townhouse

Price Type --

PREMIUM WATERFRONT W/EXPANSIVE LAKESIDE VIEWS! One of the best lots; wth extended & private dock to enjoy breathtaking sunsets, evening boat cruises or morning kayak trips, fishing too, and steps from the community pool! Inside, dramatic soaring ceilings greet you. Kitchen w/updated cabinets, , stainless-steel appliances, RO system. Convenient half bath downstairs and under-stair storage. Your oversized main suite features multiple upgrades & Balcony w/ Lake views 2 other upstairs bedrooms have balconies, PLUS loft Acts as a perfect bonus room. ,2 new HVAC, . Abundant community amenities & events. Bike to Downtown Gilbert. COME LIVE THE SWEET LIFE

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35721 N Geode Way San Tan Valley, AZ 85144

$649,995

3 Beds

2.5 Baths

2,575 SqFt

Status Active

MLS # 6723598

Property Type Single Family Residence

Price Type --

Modern deluxe comfort. The Lillington's inviting covered entry and spacious foyer hallway flow into the expansive great room and casual dining area, revealing the desirable large covered patio beyond. The well-designed gourmet kitchen is enhanced by a large center island with breakfast bar, plenty of counter and cabinet space, and gigantic walk-in pantry. The stunning primary bedroom suite is highlighted by dual walk-in closets and deluxe primary bath with dual-sink vanity, large soaking tub, luxe shower, and private water closet. Sizable secondary bedrooms feature walk-in closets and shared bath with separate dual-sink vanity area. Additional highlights include a versatile office off the foyer, convenient powder room and drop zone, centrally located laundry, and additional storage.

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25829 N 23rd Avenue Phoenix, AZ 85085

$649,990

3 Beds

2.5 Baths

2,567 SqFt

Status Active

MLS # 6683613

Property Type Single Family Residence

Price Type --

Tree-lined streets, pedestrian-friendly sidewalks and a 5,500 sf recreation center with resort style pool an kiddie pool, shaded ramadas, parks, gathering areas, pickelball courts and basketball. Close to I-10, 101 and 303. Walking distance to restaurants, movies, entertainment and shopping. Gourmet style kitchen, with stainless steel appliances, including a side by side refrigerator, gas cooktop, under cabinet hood, dishwasher, and single wall oven and microwave with trim kit. White and silver gray shaker style cabinets, with extras such as a pull out trash can and boxed in refrigerator. Quartz countertops in kitchen with designer backsplash and hardware. 6x24 ceramic floortile throughout first floor, with 12x24 tile at primary bathroom. Upgraded carpet and pad at bedrooms, stairs, and loft. 4-foot gate at front and rear of side yard. 4-panel sliding glass door from great room to covered patio. Gas stub for BBQ at side yard. Pavered entry and walk way. Modified master bathroom; includes walk-in shower with cultured marble surrounds, and clear glass enclosure. Side by side with linen closet. 8' interior doors throughout, with square corner bead drywall, and 4 -1/4 baseboards. Electrical upgrades throughout, including ceiling fan prewires at all bedrooms, and pendant light prewires in kitchen. Low voltage and black plumbing upgrades throughout, including a single basin stainless steel kitchen sink, and much more!

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7647 W Nosean Road Peoria, AZ 85383

$649,990

3 Beds

2.5 Baths

1,982 SqFt

Status Active

MLS # 6717910

Property Type Single Family Residence

Price Type --

MLS# 6717910 Ready Now! The Iris is a single-story home offering 1,982 sq. ft. of living space with 3 bedrooms, 2 bathrooms, a 2-car garage, and a versatile flex room. As the only single-story floor plan at Aloravita South Discovery, this home is designed to impress. The foyer leads to a hallway with secondary bedrooms and a full bathroom. Moving further into the home, you'll find the open kitchen, casual dining area, great room, and flex room. Enjoy Arizona's beautiful weather from your private covered patio. The primary suite features a private bathroom with double sinks and a spacious walk-in closet, making it the perfect retreat.

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