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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22085 E Rosa Road Queen Creek, AZ 85142

$645,000

4 Beds

3 Baths

2,707 SqFt

Status Active

MLS # 6743999

Property Type Single Family Residence

Price Type --

Highly upgraded home with a fantastic layout! Across the street from the park, open layout, office, upgraded wood flooring, tall ceilings & no interior steps. Gorgeous kitchen with large island, gas cooktop, granite counter tops, stainless-steel appliances, breakfast bar, walk-in pantry & wall ovens. The home is well equipped for relaxing with large open areas. The master suite has is large enough for a king sized bed to fit comfortably, the master bath has double sinks, soaking tub, walk-in shower, private toilet room & large walk-in closet. The backyard features a large covered patio & grassy play area. The home is located close to downtown Queen Creek, family parks, restaurants, shopping, grocery stores, top schools & easy freeway access.

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8810 W Carole Lane Glendale, AZ 85305

$645,000

5 Beds

3 Baths

3,610 SqFt

Status Active Under Contract

MLS # 6714182

Property Type Single Family Residence

Price Type --

Welcome! The perfect home for a family! This beautifully upgraded home is ready for you to make your own. Freshly landscaped in 2023, front and back. Making it easy for you to maintain! Location is perfect! Near WestGate entertainment and the future VAI resort. Invest into your home!

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13198 W Crestvale Drive Peoria, AZ 85383

$645,000

4 Beds

3 Baths

2,222 SqFt

Status Active

MLS # 6682953

Property Type Single Family Residence

Price Type --

HUGE PRICE REDUCTION! ATTACHED PRIVATE GUEST SUITE! This space could also be used as a tucked away kids space. With 4 beds, 3 baths, & a 2-car garage with storage, this gem offers comfort & convenience. A desirable open layout enhanced with tall ceilings, an accented wall, a trending palette, wood-plank tile flooring, & sliding glass doors, merging the indoor with the outdoor poolside living. The gourmet kitchen is a homemaker's dream, featuring granite counters, recessed fixtures, a walk-in pantry, ample wood cabinetry with crown molding, an island with a breakfast bar, & SS appliances, which includes a gas cooktop & a wall oven. Retreat to the carpeted main suite, highlighting a pristine private bathroom with dual sinks, a step-in glass shower, & a walk-in close The sizable guest's quarter provides a living room, a kitchenette, & a bathroom. Have fun in the large backyard, complete with a covered patio, artificial turf, pavers, an outdoor wooden swing, & a crystal blue pool. Move-in ready!

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12806 W Maya Way Peoria, AZ 85383

$645,000

2 Beds

2.5 Baths

2,454 SqFt

Status Active

MLS # 6707399

Property Type Single Family Residence

Price Type --

Welcome home to this highly sought after gated community, Trilogy at Vistancia. This Active Adult community has is it all, a wide variety of recreational activities, pristine pools, state of the art fitness centers and championship golf course. Relax and enjoy the spacious Accredo model that boasts 2450 square feet with 2 bed, 2.5 bath and 2 separate office/den flex rooms. Includes water softener and reverse osmosis system. Beautiful wood flooring in 1 office. 3 car garage with 3rd being a golf cart garage. Recent updates include full roof replacement and new A/C Units in 2020. Low maintenance front and back yard on auto irrigation timers. Fenced in backyard. This immaculate home has it all. Experience paradise in this beautiful home nestled within an amazing gated community.

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4106 E Lavender Lane Phoenix, AZ 85044

$645,000

4 Beds

2.5 Baths

2,418 SqFt

Status Active

MLS # 6697243

Property Type Single Family Residence

Price Type --

Beautiful home with new master bathroom luxury vinyl flooring just installed . New inside paint 2024. 4 bedroom, 2.5 bath plus a den. 18 inch tile. Living and family rooms with a separate formal dining area. Kitchen with raised-panel cabinetry opens up to the family room and a brick fireplace. Large laundry room with cabinets and pantry. Vaulted ceilings, upgraded light fixtures and ceiling fans throughout. Large secondary bedrooms. Wired for security system. Garage has cabinets and work bench plus pull down attic stairs with fully floored attic for more storage. Huge cul-de-sac lot with synthetic turf, pavers, ramada sitting area, big covered patio and RV gate. Great Mountain Park Ranch location with parks and 3 community pools - one within walking distance!

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18226 W Desert Willow Drive Goodyear, AZ 85338

$645,000

3 Beds

2 Baths

2,672 SqFt

Status Active

MLS # 6717463

Property Type Single Family Residence

Price Type --

Wonderful property on a desirable cul-de-sac lot w/a lovely courtyard is the one! Welcoming foyer opens to the great room featuring neutral tile flooring, plantation shutters, surround sound speakers, & archways. The formal dining room stands ready to host intimate dinners or grand feasts! Impeccable kitchen boasts white cabinets w/crown moulding, SS appliances, granite counters, pendant lights, a walk-in pantry, a built-in desk, & a large island w/a breakfast bar. Don't miss the bonus room that can transform into an office! The main suite showcases a bay window, backyard access, & an immaculate ensuite w/dual sinks & a walk-in closet. Serene backyard has a pristine NEW pool, a relaxing covered patio, & stunning mountain views

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15550 N Frank Lloyd Wright Boulevard Unit 1009 Scottsdale, AZ 85260

$645,000

3 Beds

2.5 Baths

1,656 SqFt

Status Active

MLS # 6726509

Property Type Single Family Residence

Price Type --

One of the kind with tons of upgrades done just recently. Brand new flooring with water proof laminate, brand new kitchen with quartz countertops, LG appliances, newer AC unit only 3 years old, brand new windows in entire house just installed, one year old water heater, newer water softener and water osmosis, equipment. Not to mention prime Scottsdale location just east of Loop 101 on Frank Lloyd Blvd . Phoenix Open, Barret Jackson and TONS of shopping/dining at Kierland Commons/Scottsdale Quarter just down the street. Don't miss this opportunity this place offer to you.

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7502 E Pierce Street Scottsdale, AZ 85257

$645,000

3 Beds

2 Baths

1,400 SqFt

Status Active

MLS # 6690858

Property Type Single Family Residence

Price Type --

Charming three-bedroom, two-bathroom timeless home boasting a family room and bonus room, all within a neighborhood free from HOA restrictions. Open floor plan that feels both airy and cozy. The backyard features an oversized covered patio and multiple seating areas, surrounding a beautiful pool bordered by pavers and a white smooth stucco wall, offering a coveted resort-like feel. Inside, the freshly painted interior adds a touch of freshness and modernity to the home. All furniture is available for purchase on a separate bill of sale, offering the opportunity for a turnkey experience. Additionally, the home's proximity to the Scottsdale Greenbelt, a 12-mile walking and bicycle path, provides endless opportunities for outdoor recreation and exploration. Whether used as a primary residence or as a furnished Airbnb/VRBO, this home offers the perfect blend of comfort, convenience, and resort-style living.

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5993 W Aurora Drive Glendale, AZ 85308

$645,000

4 Beds

3 Baths

2,818 SqFt

Status Active

MLS # 6648168

Property Type Single Family Residence

Price Type --

Seller may consider buyer concessions if made in an offer. Welcome to your dream home, designed with elegance and style! The moment you step inside, a refreshing neutral color paint scheme greets you, enhanced by the beautiful natural light streaming through the windows. The primary bedroom impresses with a generously sized walk-in closet perfect for all your storage needs. Moving on to the primary bathroom, luxury awaits with a separate soaking tub and shower and double sinks adding convenience and a spa-like feel. For budding chefs or those who to entertain, the kitchen is a delight with its all stainless steel appliances, captivating accent backsplash, and a spacious for keeping your ingredients organized. Not to forget, the convenient kitchen island and center island offer extra space

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9010 W Redbird Road Peoria, AZ 85383

Open House

$645,000

5 Beds

5 Baths

3,455 SqFt

Status Active

MLS # 6745640

Property Type Single Family Residence

Price Type --

Welcome to your dream home! This stunning 5-bedroom, 5-bathroom residence offers the perfect blend of luxury and functionality. The spacious floor plan is ideal for multigenerational living, featuring the primary bedroom and an additional bedroom and bathroom on the main floor. Upstairs, you'll find three more generously sized bedrooms, 3 full bathrooms, along with a versatile game room perfect for entertaining. Step outside to your private oasis, complete with a sparkling pool, ideal for those warm summer days. The 3-car garage provides ample space for vehicles and storage. This home truly has it all—don't miss the chance to make it yours!

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4155 E Blue Spruce Lane Gilbert, AZ 85298

Open House

$645,000

3 Beds

3 Baths

2,551 SqFt

Status Active

MLS # 6702366

Property Type Single Family Residence

Price Type --

Welcome to Trilogy at Power Ranch where this sought after Cimarron floor plan awaits the next owner's personal touch to make it their own! This home has 3 bedrooms and 3 full bathrooms, with brand-new stainless-steel appliances and New upgraded carpet throughout. Both HVAC systems replaced in 2020. There is a formal dining room, breakfast bar as well as a dining area off the family room. The kitchen is like no other w/plenty of cabinet space, wall pantry, an island with extra prep sink, the main island has space for 5-6 bar stools and a view into the private courtyard. The Primary bedroom suite is truly spacious w/separate exit to back patio, 2 large walk in closets and a bonus area with extra cabinets. The split vanity primary bathroom features executive height cultured marble counters, a separate walk-in shower and jetted soaker tub other guestrooms include one with an ensuite bathroom, the other is Jack & Jill style opening to the kitchen / bedroom and features a walk in tub w/safety grab bars. The laundry room has cabinets and a sink, and opens to the 3 car tandem garage with extra storage shelves and plenty of room for a workshop or hobby area. The front and back yards are low maintenance with shrubs/trees/ and rose bushes all on drip irrigation. The back yard features a large covered patio with views of the San Tan mountains and no one behind. Enjoy all this gated Trilogy Community has to offer - pools, sport courts, walking paths and a beautiful clubhouse and of course the golf course! This home has been well maintained and cared for, is it your next home sweet home?

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6565 E Thomas Road Unit 1126 Scottsdale, AZ 85251

Open House

$645,000

3 Beds

2 Baths

1,569 SqFt

Status Active

MLS # 6740313

Property Type Townhouse

Price Type --

Location, Lifestyle & Luxurious Living in Scottsdale AZ! This is a pristine, urban condo with rare 2 car attached garage. This 3 bedroom, 2 bath townhome offers a spacious kitchen - open concept - dining and great room. Large primary bedroom with an en suite, with dual sinks, separate shower, luxurious bath and large walk-in closet. The additional bedrooms are privately split from the primary bedroom. Enjoy Arizona sunrises from your private balcony. Diamante's gated community offers two resort style pools and plenty of gas grills; perfect for entertaining. Just minutes away from Old Town Scottsdale, Arcadia, and Phoenix Sky Harbor airport, this location can't be beat!

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