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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10842 N 9th Place Phoenix, AZ 85020

$645,000
3 Beds
3 Baths
2,171 SqFt
Status Active
MLS # 6736524
Property Type Townhouse
Price Type --
Welcome to your dream home! This sophisticated 3-bedroom, 3-bath residence is surrounded by lush vegetation and stunning mountain views. Inside, you'll find custom cabinetry, granite countertops, stainless steel appliances, and an eat-in dining area. Enjoy high vaulted ceilings, clerestory windows, and brand new tile flooring. The primary bedroom is downstairs, featuring an ensuite with a new walk-in tile shower and walk-in closet. The upstairs loft is a versatile flex space with an ensuite and private balcony. The tranquil backyard/patio, with no neighbors behind, offers serene outdoor living with multiple seating areas. A short walk takes you to one of four community pools and clubhouse. This home is in the renowned Paradise Valley Schools district. Don't miss this exquisite property!

1546 W Windsor Avenue Phoenix, AZ 85007

$645,000 - 3Br/2Ba -  for Sale in Margarita Place, Phoenix
New
$645,000
3 Beds
2 Baths
1,544 SqFt
Status Active
MLS # 6759359
Property Type Single Family Residence
Price Type --
This beautifully remodeled 1936 home seamlessly blends traditional finishes with a refreshed Spanish-inspired charm, preserving its original character. Nestled along the peaceful Encanto Golf Course and just minutes from downtown Phoenix, its location is unbeatable. Large, picturesque windows flood the home with natural light, adding to its inviting atmosphere. The kitchen is a standout, featuring modern Spanish-style tile, upgraded appliances, and thoughtful design. Situated on a nearly 10,000 sq. ft. lot, the expansive backyard offers endless possibilities for entertaining, expansion, and more. The spacious two-car garage and gated driveway provide ample parking and storage, while the added convenience of a laundry room and mudroom make this home as functional as it is charming.

15139 W Pierson Street Goodyear, AZ 85395

$645,000
3 Beds
2.5 Baths
3,900 SqFt
Status Active
MLS # 6745698
Property Type Single Family Residence
Price Type --
Your gorgeous DREAM home is here in the desirable Palm Valley! Excellent curb appeal with a manicured landscape, stone accent details, a front porch, and a covered drop-off area. The fabulous interior showcases abundant natural light, tall ceilings, archways, a trendy two-tone palette, plantation shutters, and tasteful flooring - tile & soft carpet in all the right places. Featuring a formal dining room, a large living room, & a separate family room, this home offers plenty of space for both entertaining and seamless everyday comfort! The impressive kitchen is fully equipped with a cooktop elec, double ovens, granite counters, mosaic tile backsplash, recessed lighting, a walk-in pantry, a center island, cabinetry w/crown moulding, a peninsula w/breakfast bar, and a cozy nook w/bay window. Head upstairs to find the sizable den & loft; both provide versatility! The double-door main bedroom has an ensuite with a jetted tub, two vanities, make-up vanity, & a walk-in closet. Moving outdoors, tranquility awaits in the spacious backyard! Great for relaxing or enjoying BBQ, it boasts a covered patio, lush lawn, fountain, & a mature tree for a refreshing shade. For added convenience, this gem comes with an RV gate and a 3-car tandem garage w/dual entries (front & rear). Nestled adjacent to a common area! Don't miss this opportunity!

20750 N 87th Street Unit 2139 Scottsdale, AZ 85255

$645,000
2 Beds
2 Baths
1,356 SqFt
Status Active
MLS # 6743827
Property Type Townhouse
Price Type --
Amazing townhome near McDowell Mountain Preserve! Welcome to this beautifully updated two-bedroom, two-bath townhome featuring a two-car garage. The living room boasts a beautiful fireplace with elegant stone accents, creating a warm and inviting atmosphere. Step outside to a large, open patio, perfect for relaxing or entertaining. The modern kitchen is a chef's dream, equipped with stainless steel appliances, stunning granite countertops, and a convenient breakfast bar. Enjoy meals in the adjacent formal dining area, enhanced with updated fixtures that add a touch of sophistication. The large master bedroom offers a private balcony, providing a serene retreat with views of the surrounding area. Inside laundry adds convenience, making daily chores a breeze. Located just steps away from the McDowell Mountain Preserve, and minutes from Scottsdale's shopping and dining, this townhome offers easy access to outdoor adventures and breathtaking scenery. Experience the perfect blend of comfort, style, and location in this must-see home!

515 W Poncho Lane San Tan Valley, AZ 85143

$645,000
3 Beds
2 Baths
2,142 SqFt
Status Active
MLS # 6714386
Property Type Single Family Residence
Price Type --
Immaculate and spacious 3-bedroom plus den/office and 2-bath single story home with resort-like back yard in a great neighborhood! You'll immediately feel you're home when you enter the expansive great room with 9' ceilings. The kitchen features light gray cabinets with beautiful white granite counters, granite sink. and stainless fridge that conveys. Solar is paid off & 2 A/C units new in 2022! Split floor plan has huge master bedroom with separate entrance from the back yard and pool. And what a back yard! It features a lap pool, large covered pergola, long covered patio, raised-bed garden area, 2-tone painted fence, and multiple storage sheds including one approx. 8'x30' that you can drive golf cart into through RV gate.

28332 N 213th Drive Wittmann, AZ 85361

$645,000
4 Beds
2.5 Baths
2,142 SqFt
Status Active Under Contract
MLS # 6725717
Property Type Single Family Residence
Price Type --
GATED ENCLAVE. This home is north. the 3rd on the left 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.

1436 E Rosemonte Drive Phoenix, AZ 85024

$645,000
3 Beds
2.5 Baths
1,955 SqFt
Status Active
MLS # 6750566
Property Type Single Family Residence
Price Type --
Beautifully renovated residence in North Phoenix, with the option of an ASSUMABLE LOAN with 4.25% interest rate. Just moments away from the Loop 101, I-17 & 51 freeways, and the vibrant shopping and dining hubs at Desert Ridge & High Street! Thoughtfully designed 3-bedroom, 2.5-bathroom home featuring soaring vaulted ceilings, wood plank porcelain tile flooring, a stunning custom-tiled two-sided fireplace, and two distinct living areas! The recently revamped kitchen showcases elegant white shaker cabinets, gray quartz countertops, stainless steel appliances, subway tile backsplash, and ambient under-cabinet lighting. A few of the many recent upgrades are: all new upstairs carpet, master shower and tile renovation, 4 bathrooms faucet installation, new built-in Microwave, and new heat pump and air handler. The generously sized master suite is a haven, featuring a dual sink vanity, an expansive custom-tiled shower, white & grey veined quartz countertops, and exquisite designer accents. Embrace the scenic mountain views and sunsets from the primary suite balcony! Outdoors, discover a spacious covered patio complemented by a sparkling pebble tec swimming pool and synthetic grass, creating a delightful retreat. Noteworthy features include designer lighting, remote-controlled ceiling fans, Porter Barn Wood accents, a two-tone interior paint scheme, berber carpeting, wood beam ceilings, French doors, skylights, and custom cabinetry & shelving in the laundry room and garage, among an array of other features that make this home truly unique. Don't miss the chance to experience this exceptional property!

24393 N 169th Drive Surprise, AZ 85387

$645,000 - 4Br/3Ba -  for Sale in Asante Unit 2.1, Surprise
New
$645,000
4 Beds
3 Baths
2,862 SqFt
Status Active
MLS # 6759147
Property Type Single Family Residence
Price Type --
**NEXT GEN HOME BY LENNAR GIVES YOU 2 HOMES IN 1!** Immaculate home we know you are going to love. The first thing you'll notice is the fantastic curb appeal & great landscaping. This gem has 3 bedrooms & 2 baths in the main home & a casita with its own entrance, living room, kitchen, bedroom, laundry, & bath. The main house has an open floor plan with a huge living room. The kitchen offers island with breakfast bar, granite countertops, pantry, contemporary cabinets, & stainless steel appliances. Spacious bedrooms, neutral color paint, and wood-like tile flooring through the main living areas. Water softener & custom fans have been added. The backyard features a covered patio & is ready for your dream vision of landscape. Located on a Huge Lot in the stunning community of Asante!

18936 E Amethyst Drive Rio Verde, AZ 85263

$645,000
2 Beds
2.5 Baths
2,015 SqFt
Status Active
MLS # 6745521
Property Type Townhouse
Price Type --
Cozy townhome in a quiet setting. 2 Bedrooms, 2 Baths. Den/Office- currently set up as an art studio with barn doors. Primary Suite has dual vanities, walk in shower, linen storage, large closet. Guest room currently set up as an office w/ walk in closet and new hardwood floor. Guest bath with single vanity and new Kohler therapeutic walk- in tub/jacuzzi/shower. Great room adjacent to kitchen with patio access. Gourmet kitchen with desirable 6 burner Gas Range with dual ovens, warming drawer, microwave, Bosch fridge, appliance garage, granite counters. Casual dining area. Laundry room with sink & built in desk. Covered patio with extension for plenty of outdoor seating or entertaining. Lush landscaping. 2 car plus golf cart garage. Whole house water filtration system. Come and get it!

12035 W Roy Rogers Road Peoria, AZ 85383

$645,000
4 Beds
3.5 Baths
2,088 SqFt
Status Active
MLS # 6741041
Property Type Single Family Residence
Price Type --
This stunning four-bedroom, three-and-a-half-bathroom home is situated in the desirable Vistancia community. The residence offers approximately 2,088 square feet of living space with an attached casita and private entrance! The modern kitchen features recessed lighting and boasts granite countertops. The oversized lot offers ample space for entertaining and relaxation with your own personal putting green. Abundant natural light flows into the living area. The community amenities, include a private clubhouse, sports courts, and community pools.

17227 W Middlebury Street Surprise, AZ 85388

$645,000
2 Beds
2.5 Baths
2,001 SqFt
Status Active
MLS # 6669966
Property Type Single Family Residence
Price Type --
Brand new home! The Potomac's inviting covered entry and foyer reveal a spacious office, expansive great room (with 20 ft MULTI-PANEL SLIDING STACKING DOOR) and casual dining area, and the desirable covered patio beyond. The well-designed kitchen is equipped with a large center island with waterfall edge, breakfast bar, plenty of counter and cabinet space, and huge walk-in pantry. The serene primary bedroom suite is highlighted by a sizable walk-in closet and spa-like primary bath with dual-sink vanity, large luxe glass-enclosed shower, linen storage, and private water closet. The sizable 2nd bedroom features an ample closet and private full bath. Or buy as a rental (the Sterling Grove Grove Golf & Country Club rental market is HOT right now). House is 100% virtually landscaped/staged.

2465 N Raven Circle Mesa, AZ 85207

$645,000
4 Beds
3 Baths
2,219 SqFt
Status Active Under Contract
MLS # 6736508
Property Type Single Family Residence
Price Type --
Beautiful, recently refreshed 4-bedroom, 3-bathroom home featuring a spacious open floor plan and versatile den. The gorgeous kitchen boasts gourmet stainless steel appliances and beautiful granite countertops. Revel in the freshly painted interiors, enhanced by ceiling fans, plantation shutters, and complementary granite countertops in the bathrooms. Enjoy ample storage space, a custom primary closet, and the comfort of a newer A/C. Outside, indulge in your own private paradise with a pool, spa, fire-pit, BBQ area, and breathtaking views with no rear neighbors. Located in the coveted Las Sendas community, enjoy access to a spa, fitness center, golf course, playgrounds, walking paths, tennis facilities, swimming pools, and various sports courts. Don't miss this incredible home!

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