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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2809 E Hillery Drive Phoenix, AZ 85032

Open House

$645,000

3 Beds

2 Baths

2,015 SqFt

Status Active

MLS # 6738520

Property Type Single Family Residence

Price Type --

Location Location Location! This beautifully updated 3-bedroom, 2-bath home is perfect for those seeking modern comforts and a prime location on an almost 1/4 acre lot! Nestled in a great neighborhood at the base of Shadow Mountain, this property boasts several recent upgrades and desirable features to include: Freshly painted both inside and out, offering a clean and modern look; updated lighting fixtures throughout the home providing a bright and inviting atmosphere; new vanities in both bathrooms; a huge pantry provides ample storage space, making the Kitchen a dream for any home chef. All appliances convey with the home to include the washer/dryer as well as an additional refrigerator and freezer! Enjoy your completely fenced, large sparkling diving pool in this beautiful backyard ensuring you can enjoy the outdoor space without all of the hassle! The home is ideally situated with a north/south facing orientation, maximizing energy efficiency and comfort. Don't miss the opportunity to own this move-in-ready home in a fantastic location - this one is special!

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7544 E Cambridge Avenue Scottsdale, AZ 85257

$644,999

3 Beds

2 Baths

1,574 SqFt

Status Active

MLS # 6706757

Property Type Single Family Residence

Price Type --

Must See Amazing Home near Old Town Scottsdale! This Beautifully Remodeled Gem Boasts an Astonishing & Incredibly Huge Kitchen Island with Ample Storage Perfect for Entertaining. Features include White Shaker Cabinets, Upgraded Quartz Countertops, Stainless Steel Appliances, Add'l Beverage Fridge. Relax by the Cozy Electric Fireplace in the Spacious Living Room off the Kitchen. Home is illuminated with recessed lighting & Custom Shelving as well as Modern 12x24 Tile that Spans the Living Areas, while the Bedrooms are Comfortably Carpeted. Both Beautiful Bathrooms Feature Dual Sink Vanities. The Large Laundry Room Includes Washer, Dryer & Utility Sink.. The Large Backyard Offers a Covered Patio Extra Tall Block Wall for Privacy & a Storage Shed & RV Gate. 2 Car Garage with Utility Door Additional Updates Include Updated Dual-pane Windows, a 200 amp Electric Panel Peplaced in 2017 and a New roof 2017.

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20271 W Hollyhock Street Buckeye, AZ 85396

$644,995

4 Beds

3 Baths

2,630 SqFt

Status Active

MLS # 6717642

Property Type Single Family Residence

Price Type --

8760 sqft lot - Gourmet kitchen, quartz countertops, full tile backsplash, white cabinets w/extension at nook, pendant lights at island, stainless steel appliances w/pyramid hood & gas cooktop - Center-meet doors at great room - Walk-in shower at primary bath - Pre-plumb locations at laundry room, soft water loop, gas to patio - 9 x 35 tile floors throughout except for carpet in bedrooms - Matte black fixtures throughout - Ceiling fan pre-wires at bedrooms, patio and great room - 10-foot ceilings - Single additional gate non-garage side - Two-tone paint - Garage service door.

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22381 S 227th Way Queen Creek, AZ 85142

$644,995

4 Beds

3 Baths

2,882 SqFt

Status Active Under Contract

MLS # 6748079

Property Type Single Family Residence

Price Type --

Immaculate kitchen remodel with thick, white hard wood cabinets and accent lighting under, around and inside of cabinets. Relax in the cool season by the magnificent outdoor fireplace where the back yard neighbors are acreage lots away. During the warmer evenings keep cool in the air conditioning of the glass Arizona room. The 3 panel and 6 panel disappearing walls open all the way to connect the outside with the inside. Worried about the electric bill, don't! World class solar system with 3, top of the line, Tesla Whole Home batteries. Being this close to off of the electric grid means your bills with SRP are almost non-existent. Follow one of the many walking/biking paths past a dozen community parks to the community pool, garden&splash pad. Road behind only services acreage lots.

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24011 N 171st Drive Surprise, AZ 85387

$644,995

3 Beds

2.5 Baths

2,730 SqFt

Status Active

MLS # 6684096

Property Type Single Family Residence

Price Type --

Entertainers dream home! Popular Julia plan greets guests with a charming covered front porch. Once inside, from the moment you step into the foyer, you'll be captivated by elegance and impeccable craftsmanship that defines this home. Extended entry leads to an expansive kitchen with a center island perfect for all gatherings, large walk-in pantry, breakfast nook and great room featuring multi slide doors leading to extended covered patio to enjoy outdoor/indoor living. You'll also appreciate the pool bath and a formal dining room with adjacent covered courtyard off to the side of the home. This split floor plan offers two additional bedrooms and a bath , 3 car garage plus storage space. Live in luxury, entertain in style, and make this home yours in the Asante Corridor!

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2767 E Tonto Lane Phoenix, AZ 85050

$644,900

5 Beds

3 Baths

2,033 SqFt

Status Active Under Contract

MLS # 6738855

Property Type Single Family Residence

Price Type --

Amazing opportunity to own this 5 bedroom 3 bathroom property located in a gated Community! Conveniently located near schools & parks, this home welcomes you w/a 2-car garage & paver pathways. open floor plan, wood-look flooring, high ceilings, & recessed lighting throughout await you inside. The great room provides backyard access & a chic light fixture over the dining area. prepare your favorite dishes in the delightful kitchen, featuring shaker cabinets, SS appliances, granite counters, pantry, & an island w/breakfast bar. Soft plush carpet, walk-in closet, & private bathroom are some of the features you will love about the main bedroom. Host memorable gatherings in the well-appointed backyard & relax under the cozy covered patio. This value won't disappoint!

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6225 E Carolina Drive Scottsdale, AZ 85254

$644,900

3 Beds

2 Baths

1,415 SqFt

Status Active

MLS # 6733040

Property Type Single Family Residence

Price Type --

Welcome to this charming single-story home boasting fresh interior and exterior paint that accentuates its bright and airy ambiance. The kitchen features stainless steel appliances including a range and dishwasher, complemented by beautifully painted cabinets and quartz countertops that provide ample workspace. With three bedrooms and two baths, this home offers both comfort and functionality. Enjoy entertaining in the spacious living areas complete with a cozy fireplace and luxury vinyl plank flooring throughout. Outside, a fenced pool awaits in the private backyard, perfect for relaxing or hosting gatherings. This home combines modern upgrades with classic charm, making it an ideal retreat for any homeowner.

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7814 E Cypress Street Scottsdale, AZ 85257

$644,900

3 Beds

2 Baths

1,848 SqFt

Status Active

MLS # 6738297

Property Type Single Family Residence

Price Type --

Welcome to the highly desirable Cox Heights neighborhood near El Dorado Park and the Greenbelt in Scottsdale! Great South Scottsdale location near Old Town, ASU, Scottsdale Stadium with easy access to freeways! Quiet cul-de-sac street. Home features open floor plan with Living Room, dining room and Kitchen with island. Marble countertop, stainless steel appliances, New flooring and carpet all in Oct 2023. Exterior paint 2022, new ceiling fans 2022, new garage door opener 2023, added attic insulation 2021. A/C and Roof 2017, gas hot water heater 2018. North / South exposure!

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34946 N Jacobs Road San Tan Valley, AZ 85144

$644,900

3 Beds

2.5 Baths

2,692 SqFt

Status Active

MLS # 6716316

Property Type Single Family Residence

Price Type --

This Fulton-built gem features OWNED SOLAR, ensuring low energy bills, along with a spacious 3 bed, 2.5 bath (plus den) layout and a 4 car fully insulated garage. Imagine strolling to the private resort-style pool or enjoying a game of pickleball, just steps away! But that's not all - picture yourself unwinding in your backyard oasis, complete with stunning views of the San Tan Mountains and privacy with no rear neighbors. Inside, the upgraded gourmet kitchen is a chef's dream, equipped with upgraded appliances and a built-in sound system for the perfect ambiance. With a walk-in pantry for all your storage needs, this home checks all the boxes for modern living. Garage is equipped with 240V outlet. Simply Safe system transfers with home.

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7233 W Corrine Drive Peoria, AZ 85381

$644,900

4 Beds

3 Baths

1,982 SqFt

Status Active

MLS # 6510891

Property Type Single Family Residence

Price Type --

This fully renovated 4 bedm, 3 bath Luxury Home, is currently a very successful AIR.B.n.B. Walking distance to shops and restaurants. 7 miles to PHX Cardinal football Stadium / Westgate District. This Home features - Solar Heated Play Pool with connected Spa - 2 Stall Garage - Walk-in Closet - Indoor Fireplace - new front/back landscape (pavers/tuff) - Vaulted ceilings - New water heater - Freshly painted inside.

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3017 W Sahuaro Drive Phoenix, AZ 85029

$644,900

5 Beds

2 Baths

2,143 SqFt

Status Active

MLS # 6510059

Property Type Single Family Residence

Price Type --

Currently a very successful Air BnB! Fully renovated 5 BEDRM & 2 BATH Luxury Home is located in the center of Phoenix. Walking distance to shops and restaurants. 15 miles to PHX Cardinal football Stadium and Suns basketball arena. This Home features - Diving Solar Heated Pool - 2 Stall Garage with brand new door and myQ Opener - Walk-in Closet - Indoor Fireplace and outdoor firepit - new front/back landscape (pavers/tuff) - Vaulted ceilings - new heater - Freshly painted inside/outside.

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22353 N 99th Lane Peoria, AZ 85383

$644,900

3 Beds

2 Baths

1,898 SqFt

Status Active

MLS # 6728823

Property Type Single Family Residence

Price Type --

This METICULOUSLY CARED FOR and IMMACULATELY KEPT home with GREAT ROOM floor plan will PROVIDE a SPECIAL PLACE for COMFORT and DAILY LIVING but ALSO a PLACE for ENJOYMENT and ENTERTAINMENT*You have YOUR OWN PRIVATE POOL with GREENBELT VIEWS rather than back yard neighbors, as well as the DESIRABLE MEADOWS' COMMUNITY PICKLE BALL COURTS, POOL, SPA, and SPRAWLING PARK only a few doors away*Your KITCHEN has OVERSIZED ISLAND, GAS STOVE, R/O, refrigerator included, and PANTRY*CONVENIENT BUILT IN STUDY CENTER*LARGE OWNER SUITE is split and you can APPRECIATE the added 4-ft extension*This NEWER BUILT HOME has updated CEILING FANS and PENDANT lighting, NEST thermostat, BLINK exterior CAMERAS, and ORANGE and LEMON tree planted in 2023*COME BY and SEE why YOU WILL WANT TO CALL THIS PLACE YOUR ''HOME

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