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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26562 W Vista North Drive Buckeye, AZ 85396

$640,000

3 Beds

2.5 Baths

2,519 SqFt

Status Active

MLS # 6755733

Property Type Single Family Residence

Price Type --

Enjoy all the amazing features this popular Journey model has to offer AND all the wonderful amenities of the 55+ Sun City Festival community. This home features a heated, lap-style pool, owned solar, 3 bedrooms, 2.5 baths and a private den with a safe, built-in cabinets and shelving. The backyard pool area is very private with no neighbors behind the home. The kitchen area includes bow windows, SS appliances, gas cooktop, refrigerator, upgraded cabinets with roll-out trays, granite counter tops, a butler pantry and separate workspace. The owner's suite features a shower and jetted tub with split vanities and a custom walk-in closet. Bedrooms include plantation shutters. The laundry includes the washer & dryer and sink with built-in cabinets. The garage also includes built-in cabinets.

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1596 High Country Drive Heber, AZ 85928

$640,000

3 Beds

2.5 Baths

1,810 SqFt

Status Active

MLS # 6703861

Property Type Single Family Residence

Price Type --

Stunning mountain retreat in High Country Pines nestled on a heavily treed .50-acre homesite on a private cul-de-sac. This 3 BR/ 2.5 BA is more than just a home; it's a sanctuary where nature's beauty surrounds this beautiful cabin. This home boasts a great room with a wood burning fireplace embraced by floor to ceiling river rock, chiseled slab granite in the kitchen with an island, gas stove, tiled backsplash, spacious laundry room with cabinets and sink, bathrooms are stone counters, travertine tiling in the baths/shower, knotty pine interior doors and ceiling, bay windows, central heat /AC, the master has dual vanities and a private balcony. The exterior offers a 2 car garage, flagstone and a firepit. The spacious rear deck brings breathtaking treetop vistas with panoramic views.

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10511 E Portobello Avenue Mesa, AZ 85212

$640,000

3 Beds

2.5 Baths

2,584 SqFt

Status Active

MLS # 6733154

Property Type Single Family Residence

Price Type --

Fantastic Single Story with everything you want, 3 Car Garage, In-ground Play Pool w/waterfall, N/S exposure, 3 BR's + a Den! 2-1/2 Baths, Split floor plan, Upgraded very nicely! Kitchen offers Granite Counters w/large Breakfast Bar, Stainless Appliances, Raised panel light maple cabinets & tile floors & it's connected to Large Family Room. There's also a Living Room & separate Dining Room as you enter the home. The Master BR is a wonderful size along with the updated Master Bath, offering separate tub & shower with nice tile surrounds including glass inserts + dual sinks & private water closet & large closet! Wow, you're going to love the yard, California, pebble tech play pool w/waterfall & BI BBQ & plenty of add'l room for pets & kids to Romp . Also has Double gate for easy access

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2680 E Lodgepole Drive Gilbert, AZ 85298

$640,000

3 Beds

2 Baths

2,109 SqFt

Status Active

MLS # 6749444

Property Type Single Family Residence

Price Type --

Welcome to this wonderful single story home in beautiful Freeman Farms. This 3 bedroom/2 bath (plus a den) home showcases an open floor plan with an abundance of natural light. The home boasts of a bright kitchen, granite countertops, stainless steel appliances, and large walk-in pantry. This move in ready home features neutral tile throughout, plush carpet in the bedrooms, ceiling fans in every room, and an extended 3 car tandem garage with tons of storage and epoxy flooring. You will love the mature landscaping, covered patio, and spacious backyard that features a soothing waterfall, BBQ island, and relaxing hot tub. This quiet community offers beautiful views and is only minutes from Gilbert Regional Park and SanTan Village Mall. Make an offer today before it is gone!

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22486 E Stonecrest Drive Queen Creek, AZ 85142

$640,000

3 Beds

3 Baths

2,303 SqFt

Status Active Under Contract

MLS # 6739931

Property Type Single Family Residence

Price Type --

Don't miss this ONE OF A KIND listing in the HEART of QUEEN CREEK. Sprawling open floor plan w/ 3 BDR + office/optional 4th bdr, (including full ensuite guest suite w/ bath + walkin closet). 10' CEILINGS! Great room features MASSIVE kitchen with amazing amount of storage, stainless steel appliances, pair of large patio doors. 7K worth window coverings/shutters! Outside - entertainers paradise with custom pool with step, firewall, water features, OUTDOOR KITCHEN, HUGE PATIO, MISTING SYSTEM, artificial turf, and PUTTING GREEN! Removable pool fence included for quick installation. Mature landscaping and no 2 stories around. Easy access to neighborhood amenities, QC marketplace and 24 expressway. Don't buy new and build a pool. Buy this!

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7837 N 6th Street Phoenix, AZ 85020

$640,000

3 Beds

2 Baths

1,839 SqFt

Status Active

MLS # 6730822

Property Type Single Family Residence

Price Type --

Welcome to this delightful 3-bedroom, 2-bath gem in north central Phoenix! With its spacious layout, convenient location, and abundant outdoor space, this home offers the perfect blend of comfort and convenience. Three generously sized bedrooms provide ample space for relaxation and rest. Whether you're looking for a cozy retreat or a home office, these rooms offer versatility and comfort. Two well-appointed bathrooms ensure convenience for your daily routines. The bright and airy eat-in kitchen is perfect for casual meals. Imagine sipping your morning coffee by the window overlooking the lush backyard and diving pool. For special occasions or intimate gatherings, the formal dining room awaits. Relax in the formal living room or head to the family /entertainment room The spacious family room provides a cozy spot for movie nights or simply unwinding after a long day. Natural light floods the room, creating a warm and inviting atmosphere. Centrally located, this home offers easy access to shopping, dining, entertainment, and more. You'll love being part of this vibrant community. The laundry room doubles as a workshop, providing space for DIY projects, crafts, or storage. Lace-up your sneakers and explore the nearby walking and biking trails. Plus, the Piestewa Freeway is just minutes away, making your commute a breeze. Conveniently park your vehicles or use the garage for additional storage. Don't miss out on this fantastic opportunity to own a piece of Phoenix paradise. Make this house your home!

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13672 W Jesse Red Drive Peoria, AZ 85383

$640,000

3 Beds

2.5 Baths

2,603 SqFt

Status Active

MLS # 6680532

Property Type Single Family Residence

Price Type --

Welcome to the Desert Paradise known as Vistancia. Nestled adjacent to the mountains you will enjoy an unobstructed view of the mountainous open desert from your entertainer's delight of a backyard. The outdoor entertainment area features mature tropical landscaping, ample ground and decorative lighting, a large rectangular swimming pool including swim up bar stools, shallow sunning deck and lighting. The large pergola covers a fire pit table, large screen television and a chef's delight of an outdoor kitchen. Accent lighting refines the space while enhancing the ambiance. This home is accented with mountain views from the master bedroom, spacious open floor plan, and an exceptionally large garage offering an abundance of closets and storage. The kitchen has been remodeled with New Kitchen Aid appliances. This beautiful home has far too many extraordinary features and benefits to list. It is a Must See on your home shopping tour. The Vistancia lifestyle offers premium, top rated schools, a Home Owner's Association that provides concerts, clubs, poker tournaments, indoor basketball court and family based activities for nearly every holiday. Call for your private tour of this exceptional property in an absolutely wonderful community.

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3353 N Loma Vista Mesa, AZ 85213

$640,000

5 Beds

3 Baths

2,404 SqFt

Status Active

MLS # 6743298

Property Type Single Family Residence

Price Type --

Discover this beautiful two-story home in Lehi Crossing, featuring a sparkling pool with a waterfall, travertine tiles, and a spacious grassy backyard. The main floor offers an inviting open layout with a bedroom and full bathroom—ideal for guests. The gourmet kitchen boasts granite countertops and a large island. Upstairs, the large primary suite is a tranquil retreat with a large walk-in closet, double sinks, and a full bath. With new painting, lighting and flooring, this home has it all!

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22427 N 71st Lane Glendale, AZ 85310

$640,000

3 Beds

2 Baths

2,242 SqFt

Status Active

MLS # 6738299

Property Type Single Family Residence

Price Type --

Gorgeous, fully remodeled home in Hillcrest Ranch by an interior designer! This popular Laguna model backs to serene Hillcrest Park and features soaring vaulted ceilings and a split floor plan. Enjoy the beautiful new flooring, lighting, fixtures, bathrooms, and quartz throughout. The versatile family room, with fireplace and backyard access, is ideal for relaxing and entertaining, and there is plenty of extra space in the adjacent living room and den areas. The freshly updated eat-in kitchen boasts recessed lighting, soft-close cabinets, brand-new stainless steel appliances, quartz counters, and an island with a breakfast bar. Retreat to the primary bedroom for a good night's sleep, featuring a spa-like ensuite with a soaking tub, tiled flooring & shower, and a walk-in closet.

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11224 E Upton Avenue Mesa, AZ 85212

$640,000

4 Beds

3 Baths

2,150 SqFt

Status Active

MLS # 6746987

Property Type Single Family Residence

Price Type --

Over $60,000 in post-possession UPGRADES! Including electric blinds, a fully remodeled laundry room and primary bathroom, updated bathroom countertops, epoxy garage floor covering and garage cabinets, and a finished backyard complete with turf and a drip irrigation system. Additional features include an owned water softener, a reverse osmosis system, and newly installed light fixtures // ceiling fans throughout all bedrooms and living areas. This move-in-ready home boasts a split floor plan, an open-concept living room and kitchen, and elevated design accents throughout. Refrigerator, washer & Dryer included! Don't miss out on this opportunity.

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10051 E Pampa Avenue Mesa, AZ 85212

$640,000

4 Beds

2 Baths

2,458 SqFt

Status Active

MLS # 6747970

Property Type Single Family Residence

Price Type --

Immaculate single-level 4-bedroom, 2-bath home with an open floor plan and split bedroom design. The spacious living areas feature vaulted ceilings and neutral colors, with new carpet in the family room for added comfort. The eat-in kitchen, complete with a breakfast bar, flows seamlessly into the living room, creating an inviting space for gatherings. Relax in your primary suite, complete with an updated ensuite bathroom and a large walk-in closet. The additional three bedrooms are generously sized, 2 with walk-in closets, providing ample space for family, guests, or a home office. Step outside to your backyard oasis, featuring a sparkling heated pool, a large covered patio area—perfect for entertaining and relaxation. Close freeway access and shopping!

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22348 N 70th Drive Glendale, AZ 85310

$640,000

5 Beds

2 Baths

2,486 SqFt

Status Active

MLS # 6730033

Property Type Single Family Residence

Price Type --

***Seller will provide the buyer $15,000 through close of escrow to allow the buyer to, buy down the interest rate or apply to closing costs and or apply to closing and or make desired improvements *** Marvelous property with a Clear blue pool in the desired Hillcrest Ranch Community! A great one-story home on an oversized lot features high vaulted ceilings with skylights in the right areas that make entertaining a breeze. spacious living room, formal dining, or intimate family room! The eat-in kitchen has a pantry, tile counters, honey oak cabinets, track lighting, and a breakfast bar for casual meals. awesome master retreat with Laminate flooring, a bay window, a bathroom with dual sinks, a garden tub, and a step-in shower. The backyard boasts a covered patio, lovely paver seating area

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