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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Sort by: Select Price, Low to High Price, High to Low Newer Listings First Older Listings First Open House Date

4644 S Pluto -- Mesa, AZ 85212

$647,000

4 Beds

2.5 Baths

2,503 SqFt

Status Active

MLS # 6654519

Property Type Single Family Residence

Price Type --

Seller wants Sold. PLEASE IGNORE DAYS ON MKT, Price has been reduced over $40,000! PRICED $50K & $21K BELOW RECENT NEIGHBORHOOD SALES MLS# 6709583 & 6641914. FINANCING OPTION AVAILABLE: 4.99% 1st yr. SAVE $670 MONTHLY FOR FIRST 12 MONTHS & $343 MONTHLY FOR THE 2ND 12 MONTHS!!* This Highly Upgraded home was built in 2021 & ready to move in now! Gently used, feels brand new!, Home offers spacious 3 bedrooms plus Office. Impressive 4 Panel Double Sliding Wall of Glass, Plank tile throughout home, Double Built In Wall Ovens, 36'' Gas Cooktop, Upgraded 8' Interior Doors, Upgraded Smooth Interior Wall Texture, Color Temp Switchable LED can lighting have replaced std recessed lighting. Newer Turf Grass. Irrigation lines in for trees in back for Privacy & Shade Family & guests will appreciate the upgraded Granite Tops & Sinks in secondary bathroom. The backyard has gorgeous, low maintenance turf, two separate sprinkler lines have been run around the perimeter for future additions.

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3907 E Delta Avenue Mesa, AZ 85206

$647,000

6 Beds

3 Baths

2,753 SqFt

Status Active

MLS # 6742767

Property Type Single Family Residence

Price Type --

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13609 W Pinchot Avenue Avondale, AZ 85392

$647,000

5 Beds

3 Baths

3,626 SqFt

Status Active

MLS # 6735245

Property Type Single Family Residence

Price Type --

Discover your meticulously maintained Home Sweet Home in this stunning cul-de-sac property! This residence features 5 spacious bedrooms with ceiling fans, 3 baths, a killer home gym and a versatile loft. Enjoy both living and family rooms, plus a formal dining room for elegant gatherings. The primary bath offers a garden tub, separate shower, and walk-in closet. The chef's kitchen boasts an island with a breakfast bar, granite countertops, a large walk-in pantry, and upgraded cabinetry with ample storage. Additional perks include extra shelving in the laundry room and a huge backyard with a covered patio extending almost the entire width of the home, with plenty of room to add a pool. Plus, there's a park right across the street! Don't miss out on this spectacular home

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15683 W Mercer Lane Surprise, AZ 85379

New

$646,694

5 Beds

4 Baths

3,475 SqFt

Status Active

MLS # 6760310

Property Type Single Family Residence

Price Type --

BRAND NEW COMMUNITY. LOCATION LOCATION LOCATION. This one is located East of the 303 and has great accessibility to shopping and freeways. This home is a wonderful 5 BR, 4 bath home with a loft and formal dining and a 3-car garage. Beautiful gourmet kitchen has a large island that opens up to the great room. Upgraded Painted Linen cabinets, quartz counters with a custom backsplash and gourmet appliances. This home has the sought after bottom floor bedroom and full bath as a guest suite. Upstairs you will love the large loft, large secondary rooms with walk in closets and the Owner's suite! Owner's suite has separate tub and shower, two walk in closets and separate vanities! THIS HOME WILL BE COMPLETED IN NOVEMBER. PHOTOS ARE OF A MODEL OF THE SAME PLAN COME SEE THIS ONE

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3614 W Alyssa Lane Phoenix, AZ 85083

$646,500

4 Beds

3.5 Baths

2,744 SqFt

Status Active

MLS # 6737844

Property Type Single Family Residence

Price Type --

Become the proud owner of this gorgeous residence in Riordan Ranch! Fantastic curb appeal featuring great curb appeal, meticulously maintained landscape, and stunning mountain views. Discover an inviting living room with soaring ceilings, clerestory windows for ample natural light, and a blend of carpet and wood flooring. The great room has sliding doors leading to the backyard w/sparkling pool. The kitchen boasts granite counters, ample wood cabinetry with crown moulding, recessed lighting, SS appliances, a pantry, and a peninsula w/ a breakfast bar. Downstairs features a complete private Guest suite w/bedroom, den & bathroom perfect for in law, guests, nanny etc. Close to 1-17 & 303 & fabulous shopping, dining, movies, schools, medical,short hop to Prescott & Flag. The backyard oasis is highlighted by a covered patio, a pristine lawn, and a refreshing pool for cooling down on hot summer days. Make this gem yours!

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24460 N 140th Avenue Surprise, AZ 85378

$646,150

3 Beds

3 Baths

2,392 SqFt

Status Active

MLS # 6740257

Property Type Single Family Residence

Price Type --

MLS#676740257 October Completion! Discover the 55-RMRV2 at Fiesta at Rancho Mercado, an exquisite single-story home featuring 3 bedrooms, 3 baths, a versatile flex space, and a spacious RV garage. Enter into the heart of the home, where the kitchen, gathering room, and dining area seamlessly flow together, offering beautiful views of the backyard. The private owner's suite is tucked away at the rear of the residence for maximum privacy, while the two secondary bedrooms are conveniently located toward the front. Structural options include: an extended covered patio.

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7620 W Saddlehorn Road Peoria, AZ 85383

$645,990

4 Beds

3 Baths

2,150 SqFt

Status Active

MLS # 6730807

Property Type Single Family Residence

Price Type --

Brand new community in North Peoria! This stunning single story home offers 2,150 sq ft of functional living space. It features 4 bedrooms, 3 bathrooms, den, and a 3 car tandem garage. The open concept kitchen is perfect for entertaining and features a large Island, walk-in pantry and stainless steel appliances with gas range. It also offers our Minimalist Palette which includes Fairview Stone Grey Painted 42'' Cabinets, Crisp Stria Quartz kitchen countertops, Arctic White 4x16 kitchen backsplash, and 6x24 wood looking plank tile in all the common areas. The great room offers a 4 panel center sliding glass door so you can step out into your covered patio to enjoy indoor/outdoor living in your backyard with friends and family. Great location close to dining, freeways, parks, and entertainment!

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12117 W Jessie Lane Sun City, AZ 85373

$645,700

4 Beds

3.5 Baths

3,659 SqFt

Status Active

MLS # 6726985

Property Type Single Family Residence

Price Type --

ALL AGES COMMUNITY. 2 MASTER SUITES! LIBERTY HIGH SCHOOL! PEORIA SCHOOL DISTRICT! ROOM TO PARK YOUR TOYS! Sellers offering $10,000 in INCENTIVE CONCESSIONS towards Lowering buyer's interest rate, etc. Master suite downstairs has Exterior Exit. Perfect for In-Law suite! HUGE Loft! RESORT-STYLE POOL w/waterfall, travertine tile, & Pergola. ENTERTAINER'S DREAM! Multi-Generational Home! RV gate &Pavers for extra Parking. Corner lot. All bedrooms have walk-in closets! GREATROOM joins the Kitchen/breakfast area & family room. Chef's kitchen boasts Upgraded, larger cabinets, walk-in PANTRY, island, GRANITE countertops, backsplash, & extra exit door to additional patio. Upstairs master has a SOAK TUB. Split floorplan. Covered Patio. Near Loop 303, Happy Valley Rd. Newer flooring thruout Special upgrades: Kitchen side-door addition. Larger Kitchen cabinets. Wider, Custom Back sliding door. Downstairs Master has French-door entryway, and an exterior door for easy pool service or front gate entrance. Newer flooring and baseboards. Garage storage racks. Customized Pool with extra rebar and cement. Pergola, Travertine and pavers. RV gate. Covered Patio.

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28228 N 213th Drive Wittmann, AZ 85361

New

$645,000

4 Beds

2.5 Baths

2,142 SqFt

Status Active

MLS # 6754209

Property Type Single Family Residence

Price Type --

GATED ENCLAVE. This home is the first home on the west side. Situated on a dead end,1.12 acre canvas of potential, this brand new home is a blank canvas waiting for your personal touches. With 2,142 square feet of living space, it is the perfect blend of comfort and sophistication. Need space for your toys? This home boasts an attached 55X13.6 foot RV garage, so your RV, LQ or toys will easily fit here. Upon entering, you will encounter high-end touches such as elegant quartz countertops, crown molding, 5'' baseboards, sleek tile wood-like floors, and modern fixtures throughout. Entertain in the open-concept living space where the gourmet kitchen is the heart of the home. Equipped with stainless steel appliances, ample counterspace, a separate walk in pantry, and a ton of storage space culinary delights are just waiting to be created. Your primary bedroom is split with an ample bathroom that includes dual sinks with quart countertops, a curbless shower and separate soaking tub, and large walk-in closet. Outside, let your imagination run wild. Whether you are dreaming of creating an oasis with a sparkling pool, shade trees and gardens or a mare motel and loping arena, it's right here waiting for you. For the energy conscious Buyer, the ceiling has foam insulation equivalent to R16 and it keeps the bugs and dust out. Concerned about the leach field location? This septic system has a vertical leach field so you don't have to worry about where the lines are when you are installing your dream pool or mare motel. And, this is synthetic stucco so you never need to paint it. There is a complete list of features under the document tab in the MLS that is available to the public. Hurry and make this home your own.

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26670 N 155th Avenue Surprise, AZ 85387

$645,000

3 Beds

2 Baths

2,002 SqFt

Status Active

MLS # 6755303

Property Type Single Family Residence

Price Type --

Amazing 1.5 acre lot with mountain views and mature trees. Home was built for entertaining. Open floor plan, wet bar and huge butlers pantry. Large master shower and walk-in closet. All the luxury and options of a much more expensive home.

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28312 N 213th Drive Wittmann, AZ 85361

$645,000

4 Beds

2.5 Baths

2,142 SqFt

Status Active

MLS # 6721829

Property Type Single Family Residence

Price Type --

GATED ENCLAVE. This home is 2 houses north. Situated on a dead end,1.12 acre canvas of potential, this brand new home is a blank canvas waiting for your personal touches. With 2,142 square feet of living space, it is the perfect blend of comfort and sophistication. Need space for your toys? This home boasts an attached 55X13.6 foot RV garage, so your RV, LQ or toys will easily fit here. Upon entering, you will encounter high-end touches such as elegant quartz countertops, crown molding, 5'' baseboards, sleek tile wood-like floors, and modern fixtures throughout. Entertain in the open-concept living space where the gourmet kitchen is the heart of the home. Equipped with stainless steel appliances, ample counterspace, a separate walk in pantry, and a ton of storage space, culinary delights are just waiting to be created. Your primary bedroom is split with an ample bathroom that includes dual sinks with quart countertops, a curbless shower and separate soaking tub, and large walk-in closet. Outside, let your imagination run wild. Whether you are dreaming of creating an oasis with a sparkling pool, shade trees and gardens or a mare motel and loping arena, it's right here waiting for you. For the energy conscious Buyer, the ceiling has foam insulation equivalent to R16 and it keeps the bugs and dust out. Concerned about the leach field location? This septic system has a vertical leach field so you don't have to worry about where the lines are when you are installing your dream pool or mare motel. And, this is synthetic stucco so you never need to paint it. There is a complete list of features under the document tab in the MLS that is available to the public. Hurry and make this home your own.

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5610 S Pirates Cove Road Tempe, AZ 85283

$645,000

4 Beds

2.5 Baths

2,116 SqFt

Status Active

MLS # 6757717

Property Type Single Family Residence

Price Type --

Gorgeous home in the prestigious community of THE LAKES, in Tempe! This updated and meticulously maintained 2116 sf. home sits on a LARGE 10,000+ LOT, with a huge lush backyard, and a sparkling DIVING POOL. It includes 4 bedrooms and 21/2 baths, with one bedroom having additional private entry. You will be welcomed by the inviting and private courtyard. The highlights of this home include an open floor plan, yet a comfortable and cozy feel. The main living room is spacious and looks out on the lovely courtyard. The open kitchen can be accessed through the large formal dining area, or the smaller living room/sitting area that is centered around a stone fireplace, looking out to the backyard and pool. The primary suite is spacious with an en-suite bath and sliding glass doors to the back patio. The secondary bedrooms are spacious with ceiling fans and no carpet throughout the home. Tile throughout, ceiling fans in all rooms, plantation shutters, newer appliances, and several other improvements and updates (please see attached Features list). Last, but not least, is the expansive backyard with a patio that extends the length of the home, a large lush grassy area perfect for kids, dogs, or just to entertain, and a diving pool! You will have access to all of The Lakes' beautiful amenities, including the clubhouse, tennis, pickleball, racquetball, olympic pool, fitness center, plus fishing and boating on the lake! The Lakes is conveniently located with easy access to shopping, dining, and entertainment, as well as the major roads/hwy to make your daily commute convenient!

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