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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13297 W Crimson Terrace Peoria, AZ 85383

$649,499

5 Beds

2.5 Baths

2,631 SqFt

Status Active

MLS # 6728385

Property Type Single Family Residence

Price Type --

*** $13,500 CONSESSION by Seller for Solar Loan pay down *** This home has an open-concept main floor. One bedroom downstairs and four upstairs. The kitchen is an entertainer's dream with modern appliances, an undercounter sink, pantry, backsplash tile and 42'' white cabinetry with upgraded hardware. Quartz countertops in the kitchen, bathroom and laundry rooms. Upgraded floor and surround tile in all bathrooms. Upstairs, a loft offers a versatile common area, and a sprawling master suite includes and upgraded walk-in shower and closet. The home also includes theatre room audio pre-wire. Twin Butte mountain views galore including in the Primary bedroom, loft, stairs and the backyard! Upgraded flooring throughout the house! Over $109k of Options and Gallery selections and 6k lot premium

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1732 W Indian School Road Phoenix, AZ 85015

$649,499

4 Beds

3 Baths

2,021 SqFt

Status Active

MLS # 6701597

Property Type Single Family Residence

Price Type --

Beautiful move in ready 4bed/3bath home in downtown phoenix. includes a 220 sq ft studio apartment with its own access/entry door. Beautiful kitchen with plenty of cabinet space and a big breakfast nook/island. Tile throughout the whole house, no carpet. All rooms have spacious closets with plenty of additional storage in hall linen closets. Property has a massive 1100 sq ft garage with additional parking in front of home. You can park all your toys in this huge garage or even make it into a workshop or business. Property has RV gate at front and back of property and a covered patio with huge back yard. Located in downtown, close city life and venues, including sports, art, restaurants and many other amenities. Great location and great rental potential. ****SELLER WILL CARRY** *************BUYER TO INSPECT AND VERIFY ALL ITEMS OF MATERIAL IMPORTANCE*************

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19797 S 231st Way Queen Creek, AZ 85142

$649,441

3 Beds

2.5 Baths

2,195 SqFt

Status Active

MLS # 6583797

Property Type Single Family Residence

Price Type --

GORGEOUS GREAT ROOM PLAN, GOURMET KITCHEN LAYOUT, SPA SHOWER IN THE PRIMARY, WHITE CABINETS WITH CONTRASTING BLACK HARDWARE, PLANK TILE FLOORS EVERYWHERE, EXCEPT THE BEDROOMS,UPGRADED GRANITE TOPS AND TILE BACKSPLASH., FANS BLINDS INCLUDED,PAVER DRIVE AND WALKWAY AND MORE.. TASTEFUL TOUCHES THROUGHUT THIS HOME!! ALL THIS IN BEAUTIFUL BARNEY FARMS, WHICH OFFERS A 22 ACRE LAKE THAT IS THE CENTERPEICE OF THIS COMMUNITY SURROUNDED BY GREEN PARKS, WALKING TRAILS AROUND THE LAKE WITH BENCHES AND RAMADAS TO ENJOY THE VIEW. PICKLE BALL, BOCCE BALL, LARGE BARN CLUBHOUSE WITH OUTDOOR SEATING OVERLOOKING THE LAKE. 16 SEER RATING ENERGY STAR HOME! ''KMB K-6 School. THIS HOME AND COMMUNITY IS WORTH A VISIT!!

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4703 N 206th Drive Buckeye, AZ 85396

$649,400

2 Beds

2.5 Baths

2,297 SqFt

Status Active

MLS # 6722802

Property Type Single Family Residence

Price Type --

Introducing this highly desirable Lennar NextGen home, which is ONLY available as a resale in the sought-after Victory at Verrado community. Boasting 2 bedrooms, den, 2.5 bathrooms, 2 great rooms, courtyard, covered rear patio with extended pergola, and two add'l rear patio areas. This open-concept home is perfect for those who love to entertain. The gourmet kitchen is equipped with a gas range, hood, and a spacious island, flowing seamlessly into the eat-in breakfast nook. The NextGen suite has a separate entrance and features a full bathroom, bedroom, living room, and kitchen, providing a private retreat for you or your guests. Plantation shutters add a touch of elegance and privacy to this beautiful home.

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25113 W Lowden Road Wittmann, AZ 85361

$649,000

4 Beds

2.5 Baths

2,271 SqFt

Status Active

MLS # 6703959

Property Type Single Family Residence

Price Type --

New Build -completion date END OF July, one-acre property provides plenty of space for outdoor activities and potential expansion Having a large 2-car garage along with a 55 ft RV garage is fantastic for accommodating vehicles and storage needs. The RV cleanout on the west side adds convenience for maintenance and waste disposal. Features like a walk-in shower and walk-in closet in the master bedroom offer comfort and practicality. A large patio is perfect for outdoor gatherings and relaxation. A powder room is always handy for guests, and a walk-in pantry and kitchen island contribute to a functional and spacious kitchen, laundry is designed for stackable washer & dryer, layout tailored for both comfort and functionality, with plenty of space for various activities and hobbies.

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30419 W Mckinley Street Buckeye, AZ 85396

$649,000

3 Beds

2 Baths

1,885 SqFt

Status Active Under Contract

MLS # 6743370

Property Type Single Family Residence

Price Type --

Welcome to your dream home in Buckeye! This stunning 3-bedroom, 2-bathroom residence is situated on over an acre of pristine land, offering you the perfect blend of space, privacy, and modern living. With no HOA restrictions, you have the freedom to make this property truly your own. Property is fenced and zoned for HORSES! Did we mention SOLAR OWNED!! The home features a spacious 3-car garage, providing ample room for vehicles, storage, and hobbies. Inside, you'll find a beautifully designed interior with a neutral gray color scheme that exudes a sense of calm and sophistication. The plank-style flooring throughout adds a touch of elegance and durability, ideal for both everyday living and entertaining. The open-concept layout is flooded with natural light, creating a bright and welcoming atmosphere. The heart of the home is the expansive living area that seamlessly flows into the dining space and gourmet kitchen, perfect for hosting family and friends. With over an acre of land at your disposal, there's plenty of room to create your own outdoor oasis. Whether you dream of a garden, a pool, or simply wide-open spaces to enjoy, this property offers endless possibilities. Don't miss out on this rare opportunity to own a slice of paradise in Buckeye, where comfort, style, and freedom come together in one exceptional home.

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1145 N 293rd Avenue Buckeye, AZ 85396

$649,000

4 Beds

2 Baths

2,067 SqFt

Status Active

MLS # 6758593

Property Type Single Family Residence

Price Type --

Discover the ultimate in custom home luxury, unencumbered by HOA fees or regulations. This stunning ranch-style residence boasts 2,067 square feet of living space on a serene 1.2-acre lot. The sophisticated open-concept living area features stylish paneled walls, vaulted ceilings, and an abundance of natural light and recessed illumination. A sleek white kitchen, complemented by a spacious island, provides an ideal setting for culinary pursuits. The serene master suite offers a tranquil retreat, complete with a spacious en-suite bathroom and ample closet space. Three additional bedrooms provide versatility for family, guests, or a home office. The expansive, upgraded backyard, valued at over $60,000, boasts full block fencing and dual RV gates, perfect for accommodating large vehicles or or horses.

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1135 N Harold Street Tempe, AZ 85288

New

$649,000

4 Beds

3.5 Baths

2,140 SqFt

Status Active

MLS # 6759462

Property Type Single Family Residence

Price Type --

Welcome to this stunning 4-bedroom, 3.5-bathroom home that radiates modern elegance with a neutral color scheme and light, bright atmosphere throughout. The open floor plan is complemented by beautiful plank-style flooring, creating a sleek, contemporary look. Natural light pours into every room, enhancing the airy feel of the space. The heart of the home is the spacious kitchen, featuring a large island perfect for meal prep and gatherings. Conveniently included is a washer and dryer, making this home as functional as it is stylish. Ideal for both relaxation and entertaining, this property is a perfect blend of comfort and modern design.

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1139 N Harold Street Tempe, AZ 85288

New

$649,000

4 Beds

3.5 Baths

2,140 SqFt

Status Active

MLS # 6759465

Property Type Single Family Residence

Price Type --

Welcome to this stunning 4-bedroom, 3.5-bathroom home that radiates modern elegance with a neutral color scheme and light, bright atmosphere throughout. The open floor plan is complemented by beautiful plank-style flooring, creating a sleek, contemporary look. Natural light pours into every room, enhancing the airy feel of the space. The heart of the home is the spacious kitchen, featuring a large island perfect for meal prep and gatherings. Conveniently included is a washer and dryer, making this home as functional as it is stylish. Ideal for both relaxation and entertaining, this property is a perfect blend of comfort and modern design.

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3233 S Lebanon Lane Tempe, AZ 85282

$649,000

3 Beds

2 Baths

1,626 SqFt

Status Active Under Contract

MLS # 6717336

Property Type Single Family Residence

Price Type --

Welcome to your new home in Tempe! This fully remodeled property has brand new flooring, gray quartz waterfall countertops, white shaker cabinets, new fans, and modern finishes throughout. The roof has a 5-year no-leak warranty, 20-year underlayment, and lifetime shingle warranty. Outside, enjoy a covered patio and a sparkling diving pool on a spacious lot. The home also features a newer AC and furnace, shingles replaced in 2018, no HOA, and excellent nearby schools. Visit this weekend before it's gone—homes in 85282 at this price don't last! The property includes 1,466 sq. ft. plus a 160 sq. ft. attached laundry room.

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36646 N 21st Street Phoenix, AZ 85086

$649,000

4 Beds

2 Baths

2,232 SqFt

Status Active

MLS # 6747023

Property Type Single Family Residence

Price Type --

This 2.5-acre property is worth a look if you're ready for a project. The 4-bedroom, 2-bathroom home has a pool, but it's going to need updating. Priced Accordingly. On the plus side, there's no HOA to deal with, so you're free to do whatever you want with the space. The property includes city water access, an oversized horse arena, stalls for up to 8 horses and a detached open-front building that could be used as a workshop or storage for RVs and other large vehicles. The home is a territorial-style build with expansive views, but it's far from perfect. While it's close to the freeway, shopping, and schools, be prepared to put in the effort to make this place your own and realize it's true potential!

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15240 N Bahia Boulevard Fountain Hills, AZ 85268

$649,000

3 Beds

2 Baths

2,091 SqFt

Status Active

MLS # 6750434

Property Type Single Family Residence

Price Type --

Beautiful 3 bedroom, 2 bath home, split floor plan, 2-car garage, 2097 sq ft. No HOA. Located on a quiet cul-de-sac, bordered on two sides by state land, live next to the Sonoran desert and hike to your hearts content. Views of the McDowell Mountains. Vaulted ceilings,spacious eat-in kitchen, with new stainless steel microwave and oven/stove; large great room with fireplace; dry bar area with plumbing for a wet bar; recessed lighting & ceiling fans throughout. Master has dual sinks with new faucets; large walk-in closet. Recently painted inside and out. Roof was redone in 2020. New Hot Water Heater in 2024. AC was replaced in 2019. Large backyard with large covered patio, double-gate & RV parking. Nice front yard sitting area to enjoy your morning coffee and watch the sunrise

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