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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25645 W Blue Sky Drive Wittmann, AZ 85361

$649,000

4 Beds

2 Baths

2,139 SqFt

Status Active

MLS # 6650375

Property Type Single Family Residence

Price Type --

Easy To Show, Over 1 Acre Horse Property on this beautiful 4 bedroom, 2 bathroom single family home located in Wittmann, AZ. Comes with a Separate Fenced Pool Area to cool off in the summer heat! A Split Floor Plan 2 40 foot Cargo Containers. 2 Horse Stalls, Covered RV Parking. and a 50 ft portable round Horse Exercise Ring. Beautiful backyard with trees to provide shade perfect for a family event. Has an open garage with lots of available space to leave your vehicles in, 2 RV Hook-ups and 2 Container Storage units, Leased Solar Panels to reduce Electric Bills, and Additional Storage Shed.

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204 E Papago Circle Tempe, AZ 85288

$649,000

3 Beds

2 Baths

1,690 SqFt

Status Active

MLS # 6719064

Property Type Single Family Residence

Price Type --

Former Holiday model for Staggs Homes on a large CDS lot. This model home was 50% more in original costs than average 3 bedroom in neighborhood. It has a large primary bedroom with 2 closets and an ensuite bathroom, RV gate and room for parking Here is your ''blank slate'' - great original floor plan move in ready or update to your own specifications Super location close to ASU, Tempe Town Lake, Downtown Scottsdale, Papago Park, Zoo, DBG and the future John McCain Library close to Trolley stop for easy transportation room for a pool, or casita Hardwood flooring in Living room, slate in kitchen Scottsdale School District

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1118 E Potter Drive Phoenix, AZ 85024

$649,000

4 Beds

2.5 Baths

2,644 SqFt

Status Active Under Contract

MLS # 6718028

Property Type Single Family Residence

Price Type --

Designed for comfortable living with a spacious First floor Primary bedroom & Bathroom. Come on in to enjoy a fun place to watch Movies on the built-in 110'' Movie Screen new in 2023 or make it a traditional Dining/Living room. Soaring ceilings abound over a spacious great room & designer kitchen. Impressive granite counters in the kitchen with a Waterfall granite island. New in 2016, the modern Eat-in-kitchen has all drawers for easy access and storage with counter seating as well. The Great room has a beautiful electric Fireplace and a Brand NEW black framed 8' Anderson swing door with screen to the covered patio. Outdoor kitchen with charcoal and gas grill, gazebo and firepit round out this tranquil covered pergola on a flagstone patio with Firepit. Back inside the Upstairs Loft is a great playroom or study or maybe a great place for a pool table- It just needs your imagination. The 3 bedrooms and bathroom upstairs have the perfect addition - a convenient upstairs laundry room where most of your wash happens anyway. The piece de resistance is Solar Energy you will enjoy with savings! See document tab for more information and new in 2020 are the AC units & Water heater. But there's more.... This HOA - Arroyo Rojo HOA- maintains the common areas including the playground and a Splash Pad plus hosts Music in the Park & Summer Movie nights & much more. Pickleball court approved by HOA according to sellers. You're steps away from lots of Mountain Trails and sunsets too. A fun place to live. See this one as soon as you can.

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19210 W Denton Street Litchfield Park, AZ 85340

$649,000

5 Beds

2.5 Baths

2,961 SqFt

Status Active

MLS # 6721000

Property Type Single Family Residence

Price Type --

This five-bedroom, two-and-a-half-bath home is a perfect blend of luxury, comfort, and sustainability. With its split-bedroom layout, three-car garage, and array of modern amenities, it offers everything you need for a comfortable and stylish lifestyle. The desert landscaping and front courtyard provide curb appeal and a welcoming entrance, while the interior spaces cater to both family living and entertaining. The owner's suite offers a private sanctuary, and the additional bedrooms ensure ample space for everyone. The backyard is a true oasis, with a grassy area and a variety of fruit trees that provide both beauty and bounty. The solar panels and north-south orientation enhance the home's energy efficiency, while the views of the White Tank Mountains add a touch of natural splendor.

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1948 E Indigo Court Gilbert, AZ 85298

$649,000

3 Beds

2 Baths

2,352 SqFt

Status Active Under Contract

MLS # 6730913

Property Type Single Family Residence

Price Type --

This beautiful single story home in a popular gated community offers an excellent floor plan with beautiful wood floors throughout the whole house. The great room, gourmet kitchen and dining room flow so well together. Split Master suite with private bath, walk-in closet & separate exit to the backyard. Opposite the great room, find an open office/den, guest bathroom, 2 large bedrooms and an additional flex space perfect for children play space, exercise room, media room or game room. The options are yours! The north facing backyard has a covered patio with extended pavers and putting green with little maintenance. Don't miss this gem.

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14200 W Village Parkway Unit 2128 Litchfield Park, AZ 85340

$649,000

2 Beds

2 Baths

1,896 SqFt

Status Active

MLS # 6744120

Property Type Townhouse

Price Type --

Nestled within the impressive gated Wigwam Golf Community, this single-story townhome is a haven of elegance and comfort. With two spacious bedrooms, a versatile den, and a thoughtful layout, this home offers a unique blend of style and functionality. Upon entering, you are greeted by a warm, inviting living area that flows seamlessly into a well-appointed kitchen. The kitchen, equipped with modern appliances and ample counter space, is perfect for both casual meals and entertaining guests. The two bedrooms offer a tranquil retreat, each spacious and filled with natural light. The master suite is particularly impressive, featuring ample storage and a luxurious bathroom that promises relaxation. Adding to the home's appeal is a versatile den, which could serve as a home office... a library, or a cozy entertainment room. This additional space provides flexibility to cater to your lifestyle needs. Outside, the property is equally inspiring. The meticulously maintained landscape adds to the home's curb appeal, while the community's amenities, including the renowned Wigwam Golf Course, promise a lifestyle of leisure and convenience. This townhome is more than just a place to live, it's a sanctuary where comfort meets elegance, making it a perfect place to call home.

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5349 Autumn Leaf Lane Prescott, AZ 86301

$649,000

2 Beds

2 Baths

1,969 SqFt

Status Active

MLS # 6723373

Property Type Single Family Residence

Price Type --

Beautiful home with open floor plan has many upgrades throughout & backs up to community open space with views! The inviting front covered patio offers a lovely entrance into this 2 bedroom/2 bath home that also has an office/flex room. the upgraded kitchen boasts large island, corner pantry, stainless appliances, wall oven/micro, gas range, vent hood, & custom cabinetry w/drawers and soft close features. The large owner's suite has spacious bathroom, dual vanities, walk-in closet, large shower & access to the back covered patio. Enjoy views from the spacious living room, dining room & covered patio. Back of home offers remote exterior screens. The tandem 3 car garage also has upgraded extended bump out along right side for workshop space w/built in cabinetry.

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4014 E Morrow Drive Phoenix, AZ 85050

$649,000

3 Beds

2 Baths

1,772 SqFt

Status Active

MLS # 6725689

Property Type Single Family Residence

Price Type --

Your DREAM home is here! This beautiful 3-bedroom property offers a great curb appeal and an entertainers backyard. Welcoming interior features vaulted ceilings, abundant natural light, neutral paint, and tile flooring throughout. You'll love the formal living room with a fireplace and an inviting family room adjacent to the kitchen! Stainless steel appliances, granite counters, tile backsplash, ample wood cabinetry, and a breakfast bar make up the culinary space. Versatile den for an office. Primary bedroom has French doors to the back, two closets with mirror doors, and an ensuite with dual granite sinks. The backyard has a screened-in patio, lush lawn, and a diving pool. This home promises year-round enjoyment! Rest easy with the NEW AC and new pool pump! Furniture also available.

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6614 E Juniper Avenue Scottsdale, AZ 85254

$649,000

2 Beds

2 Baths

1,428 SqFt

Status Active

MLS # 6719401

Property Type Single Family Residence

Price Type --

Amazing Scottsdale Location! Fully remodeled home on a large lot in a quiet neighborhood with a full spa, a cozy fireplace, & a wet bar. The kitchen features granite tile counters & stainless steel appliances. Enjoy Large master suite offering Large soaker tub and walk in shower. Soak in the AZ weather in your beautiful backyard with multiple covered patios, and a full size spa, beautiful desert landscaping with a pair of love birds nesting in the saguaro cactus, Also featured, a 2-car garage with epoxy flooring. Conveniently located off Bell Rd, equal distance to all the fun at Scottsdale Quarter, Kierland Commons, & Desert Ridge Marketplace with endless options for shopping, dining, & entertainment!

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21297 Antelope Road Paulden, AZ 86334

$649,000

3 Beds

2 Baths

1,951 SqFt

Status Active

MLS # 6739434

Property Type Single Family Residence

Price Type --

Check out the video! Stunning views with State Land Access and Privacy! Enjoy 5 acres with, orchard and a lovely home built in 2022! This custom home has ample space with 3 bedrooms, 2 full bathrooms, office, and open floor plan. The kitchen with farmhouse sink, quartz counter tops and exquisite finishes opens up to the huge family room. The large 17x17 main bedroom has dual sinks, granite countertops, garden tub and large walk-in closet. Enjoy the great outdoors with plenty of room to customize your own fenced in land, fruit trees, chicken coop and shed. Just 15 minutes from Chino Valley shopping and services, this special place is remote but easily accessible and just close enough. Buyer to verify all listing information. Voluntary Neighborhood Road Maintenance.

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8929 W Kerry Lane Peoria, AZ 85382

$649,000

3 Beds

2 Baths

2,113 SqFt

Status Active Under Contract

MLS # 6699273

Property Type Single Family Residence

Price Type --

Welcome to Westbrook Village, known as one of the premier adult living communities in the valley. Beautifully renovated, Highly sought after Monterrey floorplan, 3 bedrooms, 2 bath, Newer A/C, Roof 7 years. A few of the stunning features include: Vaulted ceiling in Living room, cozy gas burning fireplace, high end natural color ,wood cabinets in kitchen, granite counters, center island provides extra storage space. Stainless steel built in appliances, includes side by side refrigerator. Plantation shutters on all windows except where remote blinds were installed such as the breakfast nook. Nook looks out to wonderfully landscaped backyard oasis that showcases the sparkling pool to cool off in, green grass like turf ,and built in Bar B Q. Mature landscape provides great shade to entertain or just enjoy peace, relaxation and tranquility of your own private oasis. Primary suite is spa like with newer oversized tiled walk in shower, Large walk in closet, executive height dual sinks with granite counters. Home is wonderfully appointed!! Hurry to see all that is included in this home and the great times and new friendships awaiting you in Westbrook Village!!!

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8331 W Briles Road Peoria, AZ 85383

$649,000

3 Beds

2.5 Baths

2,761 SqFt

Status Active Under Contract

MLS # 6717374

Property Type Single Family Residence

Price Type --

Located in the sought-after Westwing Mountain community, this residence offers numerous recent interior updates, a sunny south-facing resort backyard, beautiful mountain views, and great curb appeal. The interior of the home features wood-look tile flooring throughout the main level, an updated staircase with wide plank wood treads and an iron and wood banister, upgraded interior door hardware, and a neutral paint palette. The inviting eat-in kitchen is equipped with maple cabinets, double wall ovens, a spacious island with sink and bar seating, and is open to the family room with views of the backyard through the sliding door. A den with double doors is located on the main floor while the primary suite and two secondary bedrooms are located upstairs. The primary suite provides a spacious and private retreat with room for a sitting area, stunning mountain views and a generous ensuite bath with a separate shower and tub, dual vanities and a large walk in closet. Down the hall from the primary suite are two secondary bedrooms and a hall bathroom. The laundry room, conveniently located upstairs with the bedrooms, contains a built-in work space and cabinetry. Outside, the beautiful backyard oasis beckons with a sparkling pool and a putting green, and views of Sunrise Mountain. The 3-car garage has epoxy floors, newer overhead door openers, and storage cabinets. Sunscreens have been recently added to all windows. This home is conveniently located less than a mile to West Wing Elementary School (K-8) and less than a 10 minute drive to Basis Peoria. The Loop 303 and Loop 101 are just 10 minutes away. Enjoy the amenities of Westwing Mountain, which include a community park and recreation center, sport courts, a skate park and nearby hiking.

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