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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16521 W Valencia Drive Goodyear, AZ 85338

$649,900

3 Beds

2.5 Baths

2,510 SqFt

Status Active

MLS # 6656005

Property Type Single Family Residence

Price Type --

Stunning 3 bedroom, 2.5 bathroom home with a den/office in the coveted community of Estrella Mountain Ranch! It's everything you could want and need! Showcasing a Pool & spa and solar with mountain views, modern open floor plan, gourmet kitchen w/ quartz counters, SS appliances, double ovens, loads of kitchen storage, and a walk-in pantry. The primary bedroom suite is perfect with an oversized super shower, double vanity and enormous walk-in closet. Estrella's amazing amenities included in your low HOA dues are: 50+ miles hiking & biking trails, 35+ parks, pools (one heated), lake with a walking path all the way around, waterpark, splashpad, fishing, boating use at no cost! Nicklaus Troon Golf, Tennis, Pickleball, Basketball, Volleyball, BBQ... Starpointe Residents' Club offers incredible, gourmet lakeside dining, brunch and happy hour overlooking North Lake with spectacular spraying water fountains, at the Lakeside Grill, Estrella. The HOA also hosts many family-centered events out on the lawn, lakeside, between Starpointe and the Yacht Club including things like music concerts, the ballet, fireworks and movies, with almost all of them including food trucks. Presidio Residents Club further back into the community, features a year-round heated pool with splash pad, outdoor showers, mountain views, beautiful social space, sports/ rec game room with pool table and multiple TVs, great room with fireplace, demonstration kitchen, event lawn, fire pits to relax by, 3400sf, state of the art fitness center. The Cantina, Mexican Restaurant has incredible Mexican food, all fresh brasied meats with salsa, sauces, dressings made in house. Cantina also hosts free music~entertainment! I could go on and on... this community is incredible and second to none!! You DO NOT want to miss out on this gorgeous home and lifestyle this community offers!!!

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44 W Teakwood Place Chandler, AZ 85248

$649,900

3 Beds

2.5 Baths

2,336 SqFt

Status Active

MLS # 6693859

Property Type Single Family Residence

Price Type --

** PRICE IMPROVED** Seller offering 1% of purchase price concession to buyer at close of escrow! *** Everything you've been looking for.. This is the one! Every upgrade added to this corner lot gem in a cul-de-sac that leads straight to the community park! 3 bed + den, 2.5 bath, new roof 05/23, new A/C's 04/22 with hospital grade air filtration, added insulation in all interior walls and max insulation in roof added 1 year ago, Smart home: thermostats, security, cameras, watering systems additional lighting added throughout home, walk in pantry and linen closets, Soft water system and Reverse Osmosis, bidet in 2nd bath. Plantation shutters, extended garage and patio, Misting system, water feature, garden and fruit trees, mature landscaping in front and back. Come see for yourself!

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5803 N 88th Lane Glendale, AZ 85305

$649,900

5 Beds

4.5 Baths

3,018 SqFt

Status Active

MLS # 6740942

Property Type Single Family Residence

Price Type --

Welcome to your dream home in Glendale, near the Cardinals Stadium and Westgate. This stunning residence offers five spacious bedrooms and four and a half bathrooms, providing comfort for the entire family. You'll love the elegant design and modern upgrades throughout. The main floor features a grand open-concept living area, perfect for entertaining. The gourmet kitchen boasts top-of-the-line appliances and sleek countertops. Upstairs, a large loft offers versatile space for a home office or playroom. Each bedroom is designed for comfort, offering a peaceful retreat. Inspected and approved by Inspector CYFY Home Inspections, this property meets high standards of quality and safety. Don't miss the chance to own this exceptional home!

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9565 W Marco Polo Road Peoria, AZ 85382

Open House

$649,900

2 Beds

2.5 Baths

2,339 SqFt

Status Active

MLS # 6755401

Property Type Single Family Residence

Price Type --

MILLION DOLLAR VIEW!! Elevated Golf Course Lot W/ Stunning Water Views Within Ironwood Estates At Westbrook Village.Kitchen Boasts Newer Cabinets W/Pull Out Drawers,Granite Counters,SS Appliances Including Gas Cooktop,Double Pantry W/Pull Outs.Kitchen And Primary Bedroom Have Bay Windows.2 Bedroom, 2.5 Baths. Guest Bedroom Is Used As An Office W/ Murphy Bed.Primary Bath Has 2 Sinks, Private Toilet Area, Granite Counters And A Huge Walk-In Shower! Both Baths Have Been Remodeled. Extended Covered Patio W/ Saltillo Tile, Built-In BBQ,Surround Sound,Ceiling Fans And Roll Down Screens! Plantation Shutters Through-Out! Kool Decking In Front Courtyard As Well As Sidewalk Leading To Back Covered Patio.Kool Deck Parking Pad Behind Lg Side Gate.HVAC 2023 And Roof 2017. Wrought Iron Fence Out Back!

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1002 E Pierson Street Phoenix, AZ 85014

Open House

$649,900

4 Beds

3 Baths

1,631 SqFt

Status Active

MLS # 6751474

Property Type Single Family Residence

Price Type --

MAIN HOUSE 3 bedroom/2 bath. GUEST HOUSE 1 bedroom/1 bath with a seperate entrance and backyard. The MAIN HOUSE and the GUEST HOUSE are on seperate water meters and electric meters. You'll love the delightful interior of MAIN HOUSE enhanced with soothing paint tones, ceiling fans, beautiful wood-style flooring, & recessed lighting. The impeccable kitchen has sleek SS appliances, captivating quartz counters, matte black wood cabinetry, & a peninsula w/breakfast bar. Primary bedroom offers an immaculate ensuite w/dual sinks, a step-in glass shower, & a walk-in closet. . Take advantage of the updated GUEST HOUSE comes with a sizable living/dining room, a kitchenette, a bedroom, & a bathroom. Out the back, you have a covered patio & a pergola, which are excellent for relaxation.

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3131 N Central Avenue Unit 7022 Phoenix, AZ 85012

Open House

$649,900

2 Beds

2 Baths

1,125 SqFt

Status Active

MLS # 6413274

Property Type Apartment

Price Type --

*Construction completed* 5% BUYER INCENTIVE! Introducing Edison Midtown Phase 2 with 60 new construction condominiums. This spacious two bedroom condo offers ten ft. ceilings, an open floor plan, and large master bedroom with ensuite bathroom. Chefs kitchen offers expansive cabinetry, quartz countertops and stainless steel appliances including a gas range. Edison Midtown features incredible amenities for that perfect Urbanite lifestyle. A beautiful pool and lap pool, 2000 sq. ft. fitness center and lounge, and gated parking garage.

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10653 N 11th Street Phoenix, AZ 85020

Open House

$649,900

3 Beds

2.5 Baths

1,602 SqFt

Status Active

MLS # 6756687

Property Type Single Family Residence

Price Type --

Welcome to your dream home! This beautifully remodeled residence in the coveted Pointe Tapatio community offers a perfect blend of elegance and modern comfort. With 3 spacious bedrooms and 2.5 bathrooms spread across 1,602 square feet, this home is designed for both relaxation and entertaining with an oversized lot. As you step inside, you'll be captivated by the high-end finishes and meticulous attention to detail throughout. The stunning kitchen is a chef's delight, featuring top-of-the-line appliances, custom cabinetry, and a sleek, contemporary design that seamlessly combines form and function. The open-concept living and dining areas flow effortlessly, creating an inviting space for gatherings. Retreat to your master suite, where you'll find a luxurious walk-in shower and sophisticated finishes that enhance the serene atmosphere. The large lot provides ample outdoor space, including a sparkling pool that's perfect for cooling off on warm days or hosting summer soirées. Enjoy peaceful mornings and vibrant evenings in your private backyard oasis. Located in the desirable Pointe Tapatio neighborhood, you'll enjoy easy access to local amenities, parks, and top-rated schools. This residence is more than just a houseit's a lifestyle.

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19528 N 55th Drive Glendale, AZ 85308

Open House

$649,900

5 Beds

3 Baths

2,397 SqFt

Status Active

MLS # 6702911

Property Type Single Family Residence

Price Type --

This Home Won ''Best Home On Tour'' in the Glendale Home Tour! You'll LOVE this impressive 5 Bedroom remodel with NO HOA and upgrades around every corner. Gorgeous hickory wood floors. The kitchen has custom cabinets and granite counter tops accented by sleek stainless steel appliances. There's an island w/ seating & pendant lights! The primary bedroom is spacious w/gorgeous views of the green backyard. The primary bath has a garden tub & a glass walled shower.. You won't be disappointed out back either. The oversized backyard offers lush green grass, perimeter trees for shade, a covered patio, a flagstone sun patio, & a gas fire pit. Don't miss the built in barbeque plumbed w/ Natural gas. There's a 3 car garage, an RV Gate with concrete pad and NO HOA. Roof was replaced in 2022

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2849 E Citadel Court Gilbert, AZ 85298

$649,800

3 Beds

2.5 Baths

2,368 SqFt

Status Active

MLS # 6744817

Property Type Single Family Residence

Price Type --

Welcome to a stunning home in Seville, Gilbert's exclusive private golf course community! Recently updated with fresh interior and exterior paint and new carpet, this single-level residence feels brand new. The open floor plan includes 3 bedrooms, a Den with double doors, 2.5 baths, a spacious great room, and a formal dining area. The gourmet kitchen is a highlight, featuring a Butler's pantry, 42'' staggered maple cabinets, granite countertops, mosaic tile backsplash, stainless steel appliances, a high-end gas range, under-cabinet lighting, and a generous island—ideal for both meal prep and entertaining. You'll love the airy feel provided by 10 ft ceilings, 8 ft doors, and 20'' tile flooring throughout. The great room is equipped with a custom built-in media center, complete with l lighting and surround sound, with speakers also installed in the primary suite and on the patio. Coffered ceilings and crown molding add an extra touch of elegance. The primary suite is a true retreat, featuring a soaking tub, a spacious walk-in shower with detailed tile work, double vanities, and direct access to the laundry room for added convenience. Each bedroom is equipped with a walk-in closet, ensuring plenty of storage space. The backyard is designed for relaxation, with low-maintenance decorative pavers, synthetic grass, a large covered patio, and a raised Pergola with soothing stone water features. A gated side yard provides a perfect space for a dog run, adding convenience for pet owners. The property also features a 2-car garage and a separate 1-car bay garage that can easily be converted into a craft room or man cave, perfect for additional parking or storage. Nestled at the front of a cul-de-sac, this home is within walking distance of parks and outdoor amenities, with tons of shopping and restaurants nearby, and offers optional golf and health club memberships. This is a must-see property!

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1840 N 36th Drive Show Low, AZ 85901

$649,500

3 Beds

3 Baths

2,846 SqFt

Status Active

MLS # 6613082

Property Type Single Family Residence

Price Type --

Welcome to your dream mountain retreat nestled in the picturesque community of Country Club Manor. This charming home offers a serene and peaceful escape from the hustle and bustle of everyday life. With its beautiful surroundings, modern amenities, and thoughtful design, this property is sure to captivate both nature enthusiasts and those seeking a relaxing getaway. As you step inside, you'll be greeted by an inviting and open floor plan that seamlessly combines functionality and comfort. The spacious living room features large windows that flood the space with natural light and provide incredible views. This is the perfect spot to unwind after a day of outdoor adventures or to gather with friends and family.

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19004 N 25th Way Phoenix, AZ 85050

$649,500

4 Beds

3 Baths

2,106 SqFt

Status Active

MLS # 6730783

Property Type Single Family Residence

Price Type --

Beautiful & well maintained home is now available! This home has too many upgrades to list! It has 4 bedrooms, 3 bathrooms, a 3 car garage, NO HOA, large corner lot on a cul-de-sac, large pool & new fencing around it, citrus trees in the back yard (orange & lemon). Full length covered rear patio, large kitchen with granite countertops, & lots of cabinet space. Here are some of the recent updates on the home: Roof- 2011 Kitchen remodel 2011 Pebbletec added to pool 2014 Trane 19 Seer AC unit 2014 PAID OFF & owned Solar system 2015 Aeroseal of the ductwork 2016 New Anlin windows for the entire home 2020 New kitchen appliances 2021 New variable speed pool pump 2023 New washer & dryer 2023 This home has RV parking space & gate, is close to 101, 51 & 10 minutes to Desert Ridge.

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20968 N 80th Drive Peoria, AZ 85382

Open House

$649,500

5 Beds

3 Baths

2,512 SqFt

Status Active

MLS # 6741697

Property Type Single Family Residence

Price Type --

Just listed - Freshly remodeled home with appealing 5bd/3ba + pool/spa and large 3 car garage with view fencing in backyard as home backs to community open space. All new flooring, cabinetry, stainless kitchen appliances, complete remodel of master bathroom, etc. Lot of owner upgrades that were just completed. Home layout includes a ground floor bedroom and bathroom ideal for guest quarters or home office setup. Fletcher Heights is a great community with convenient access to HWY 101, walking distance to nearby schools and close access to nearby retail & restaurants.

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