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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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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20199 W Mulberry Drive Buckeye, AZ 85396

$649,990

3 Beds

2.5 Baths

2,397 SqFt

Status Active

MLS # 6593391

Property Type Single Family Residence

Price Type --

STOP THE CAR!!! It's our Carmona floor plan sitting on a LARGE lot with over 12,000 sq. ft. This home has 3 bedrooms, study, 2.5 baths and a 2 car with large storage area. Large walk-in shower at owner's bath with 12x12 tile surrounds. Multi slide door that leads out to the extended covered patio. Stainless steel double oven appliance package with a 36'' cooktop and canopy hood. Downing ''Espresso'' cabinets. Silver Falls granite countertops in kitchen and at the enhanced kitchen island. Upgrade flooring includes 18x18 EMS Anthem white tile with a 5'' base board/door casings except bedrooms & owner's closet. Soft water loop, dual sinks at bath 2, stub for future BBQ. 9' tall garage door and garage service door for easy access into the backyard.

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5815 E Rose Garden Lane Phoenix, AZ 85054

Open House

$649,990

3 Beds

2.5 Baths

1,743 SqFt

Status Active

MLS # 6725520

Property Type Townhouse

Price Type --

IGNORE DAYS ON MARKET HOMES ARE ALMOST DONE PICTURES COMING SOON! ALL ABOARD!! NEXT STOP, THE HOME OF YOUR DREAMS!! You have just arrived at a beautiful 3 bedroom 2.5 bath home in heart of Desert Ridge. This trending home boasts quartz countertops, white cabinets, and wood-like tile!!! Washer, Dryer and Refrigerator are included! All this home needs is you! In the heart of Desert Ridge you are simply minutes from all kinds of joy. Desert Ridge Market place and High Street are right around the corner. Want to go out a little further? The 101 is only five minutes away waiting for your next adventure.

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22889 E Marsh Road Queen Creek, AZ 85142

$649,990

3 Beds

2 Baths

2,132 SqFt

Status Active

MLS # 6719211

Property Type Single Family Residence

Price Type --

ASSUMABLE VA LOAN WITH 2.7% INTEREST RATE! Imagine living in a community that was thoughtfully designed to incorporate the agricultural history of Queen Creek while still being close to the comforts of town. Just minutes from Queen Creek's best shopping and dining, and across the road from Schnepf Farms and Queen Creek Olive Mill. This community offers exceptional amenities - most of which are designed around the 7 acre park and community lake - two heated community pools, a splash pad, neighborhood trails, play areas, fire pits and catch and release lake fishing. This is more than just a home; it's a gateway to a vibrant and fulfilling lifestyle - the Harvest community has been meticulously crafted in a shared pursuit of purposeful living. Home at 22889 E Marsh Road, you can skip the pool build time, mess and cost and dive right in to your private back yard pool on day 1. Inside, you'll enter to a large office/den on your left, ideal for those working from home. Follow your hallway down to the open-plan kitchen and living area, which is ideal to entertain. Need more room? This home has a second office/den. Split floor plan means you'll enjoy privacy in the primary bedroom. Outside, a gas line stub out has already been installed for your future improvements. Your kitchen offers a gas stove and wall oven with smart features. Programmable thermostat makes controlling your utility bill easy. This 2021-built home offers all the conveniences of a new build without the wait time.

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6889 W Lariat Lane Peoria, AZ 85383

$649,950

4 Beds

2 Baths

2,614 SqFt

Status Active Under Contract

MLS # 6739202

Property Type Single Family Residence

Price Type --

Nestled in the desirable Terramar community, this exquisite 4 bed, 2 bath home offers luxurious living with high ceilings, Venetian plaster walls, plantation shutters, and wood plank tile floors throughout. The open floor plan provides a seamless flow, perfect for entertaining. Upon entry, you're greeted by a grand foyer that leads to an expansive dining area or additional living room. The bonus room off the entry adds versatility, ideal for a home office or playroom. Enjoy breathtaking mountain views from both the front and back. The backyard oasis is a true highlight, featuring a gorgeous pool, a charming gazebo, and lush grass—perfect for outdoor gatherings and relaxation. This home combines elegance and comfort in a prime location, making it a true entertainer's dream.

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13480 N Gladstone Hill Place Marana, AZ 85658

$649,900

4 Beds

3 Baths

2,577 SqFt

Status Active

MLS # 6708581

Property Type Single Family Residence

Price Type --

Move in Ready, Just bring your toothbrush! Check out this beautiful 2577 sqft upgraded home situated in a private cul-de-sac with views of mountains all around!. Nestled in the preserve of the Tortolita Mountains and tucked down at the end of the cull de sac, this premium homesite offers unobstructed views of both the beautiful Tortolita Mountains and Preserve. Living here in Dove Mountain you will enjoy several golf options at both the Ritz Carlton Dove Mountain Golf Resort and The Gallery Golf Club. There is a myriad of living options within this highly upgraded 4 bedroom 3 FULL bath home. Maintenance free landscaping provides easy outdoor living with large enclosed patio and extended covered patio. Host your next family gathering or game night in the massive great room. The kitchen includes a gourmet kitchen, tiled backsplash, and white cabinetry. Wood-look plank tile has been extended. Brand New community - Close to Shopping & Entertainment - Come Live The Life in Dove Mountain! Marina Arizona is exploding with new growth and opportunities!

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7137 W Mogollon Trail Happy Jack, AZ 86024

$649,900

2 Beds

2 Baths

2,107 SqFt

Status Active

MLS # 6736863

Property Type Single Family Residence

Price Type --

Stay Cool in Rim Country'' in Mogollon Trail presents an idyllic retreat set on 5 acres of verdant, wooded land. Stepping inside, you're enveloped in a spacious interior adorned with meticulous craftsmanship. The kitchen, a haven for culinary enthusiasts, showcases a grand island crowned with granite counters, ideal for culinary endeavors. Custom storage cabinets grace the kitchen, ensuring ample room for all your cooking essentials. Elegance permeates the home, with stunning slated tiles embellishing the floors and tongue and groove ceilings amplifying the open layout, fostering an inviting atmosphere. Sunlight dances through the expansive windows, bathing the chalet in natural radiance and offering enchanting vistas of the surrounding panorama. This property boasts a flexible layout, offering the option for a third bedroom or bonus room tailored to your preferences. A focal point in the living area, a stone- built wood fireplace imparts warmth and ambiance, perfect for cozy evenings. Retreat to the generous master suite, providing a serene sanctuary complete with its own ensuite bathroom for added convenience. Step outside onto the sprawling wrap-around deck, where you can immerse yourself in the tranquility of nature or host gatherings effortlessly. For outdoor cooking enthusiasts, a propane stub is conveniently located, facilitating barbeque gatherings with ease. With its harmonious fusion of rustic allure and contemporary comforts, ''Stay Cool in Rim Country'' promises an ideal escape for those yearning for relaxation and renewal amidst the allure of Mogollon Trail. Additionally, the property boasts well-maintained roads for easy access and panoramic views that captivate the senses. To experience this serene oasis firsthand, embark on a journey to discover the serenity and splendor of ''Stay Cool in Rim Country.''

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17425 W Tara Lane Surprise, AZ 85388

$649,900

4 Beds

2 Baths

2,185 SqFt

Status Active

MLS # 6737950

Property Type Single Family Residence

Price Type --

Seller is offering a $10,000 credit toward rate buy-down or closing costs with a full-price offer! This stunning, one-of-a-kind home has been fully remodeled with over $100K in upgrades, making it an entertainer's paradise! Located on a massive 12,000 sq ft lot, enjoy your private pool and spa in a resort-like setting. The home features 4 spacious bedrooms, 2 luxurious baths, a versatile bonus room, and a secured large dog run with a convenient doggie door for your furry friends. Host gatherings in the fabulous great room with bifold doors that seamlessly open to the outdoors, a formal dining room, and an eat-in kitchen perfect for entertaining. Step outside to find a built-in BBQ under a stylish shade structure, a putt-putt green, and a pergola with a projection system for games or.... family movie nights. The backyard is the ultimate retreat for both relaxation and entertainment! This home truly has it all.

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1126 W Orange Drive Phoenix, AZ 85013

$649,900

3 Beds

2 Baths

1,312 SqFt

Status Active

MLS # 6748339

Property Type Single Family Residence

Price Type --

No HOA! Luxurious pool! Entertainers backyard! Corner lot! Modern updates! Gas appliances! Tile throughout! This home has been very well taken care of by its owners, and it shows! It's centrally located in Phoenix and close to tons of trending restaurants and shopping. The front and backyard are low maintenance with gravel, artificial turf, and pavers. The luxurious pool, comfy fire pit, and amazing sunsets make the backyard ambiance, an entertainer's dream. Come take a look today before it's gone!

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1710 W Winchester Way Chandler, AZ 85286

$649,900

3 Beds

2 Baths

1,808 SqFt

Status Active

MLS # 6757286

Property Type Single Family Residence

Price Type --

EXCEPTIONAL SO CHANDLER BEAUTY in the coveted, Master Planned Community of Silverton Ranch! Buy now & move in before the Holidays! This 1-Story Home has been Meticulously Cared for & Upgraded. 3Bed+Den/ Office/ Library ( easy to make this a 4th Bedroom) NEWER Upgrades&Improvements: Wood-look Tile Plank Floors., Cabinets, Appliances, Granite, Ceiling Fans, Baseboards, Door Hardware, Window Treatments, Master&Guest Baths, Interior /Exterior Paint, Water Heater, Video-recording Doorbell. Backyard: Irrigation piping conver. + multi-port emitters, Shade, Pavers, Raised Garden., Vrble Spd Pool Pump. Artif Turf so you can enjoy your yard w/ easy-care Landscape. All this & more makes this your perfect Staycation Home! Conveniently located to many So Chandler great Amenities. See Photos!

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9214 W Kerry Lane Peoria, AZ 85382

New

$649,900

3 Beds

2.5 Baths

2,258 SqFt

Status Active

MLS # 6757552

Property Type Single Family Residence

Price Type --

Fully remodeled home from top to bottom

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