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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11188 N Blakely Street Surprise, AZ 85388

$639,995

2 Beds

2 Baths

1,530 SqFt

Status Active

MLS # 6646914

Property Type Single Family Residence

Price Type --

This amazing Toll Brothers home is located in our Active Adult section of Sterling Grove. Our Smithfield, 2 bedroom, 2 bath, 2 car home is a stunner. Starting from the 8' Iron entry door that sets off the beautiful prairie style exterior your senses will be tantalized. Finishes include 8 x 30 wood plank style floor tile thru-out with carpeted bedrooms, white floor to ceiling kitchen cabinets with a 2 tone Navy blue Island, commercial grade Kitchen-Aid appliances and marble countertops. The master bedroom and hall bath have subway style tile shower surrounds and tile floors. The master comes with double sinks and an oversize closet for all your belongings. The great room is accentuated with an aluminum corner slider featuring two 12' sliding doors, great for indoor/outdoor entertaining.

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11512 E Utah Avenue Mesa, AZ 85212

$639,990

3 Beds

2.5 Baths

2,702 SqFt

Status Active

MLS # 6751960

Property Type Single Family Residence

Price Type --

''Stunning Suntone floorplan - 3 bedrooms with Teen Room and 2.5 Baths, located in the East Valley's newest community, Destination at Gateway. Discover this inviting home featuring a 4 Panel Center siding glass door off the great room, seamlessly connecting indoor and outdoor living. The kitchen boasts stainless steel appliances, including a 36-inch gas cooktop, built-in wall oven and microwave, along with white shaker cabinets adorned with hardware and a convenient trash pull-out. The quartz countertops and tile kitchen backsplash add a touch of elegance to the space. Throughout the home, 8-foot interior doors with upgraded door hardware create a modern, cohesive feel. The main areas are adorned with 6 x 36'' wood-look tile and 4 1/4-inch baseboards, providing a stylish foundation for the home. Bathrooms feature upgraded vanity lights and bath faucets, while the primary bathroom offers an enlarged shower and a separate soaking tub for relaxation. With 10-foot ceilings, an oversized laundry room, a separate valet area at the garage entrance, and a paver driveway, this home is designed to offer both luxury and practicality, providing a comfortable and stylish living space for you and your family.

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22884 E Lords Way Queen Creek, AZ 85142

$639,990

4 Beds

3.5 Baths

3,111 SqFt

Status Active

MLS # 6726730

Property Type Single Family Residence

Price Type --

Step into this delightful quick move-in home, featuring our Daisy floorplan with 3111 sqft, boasting 4 bedrooms, a den, a loft, and 3.5 bathrooms. The Daisy floorplan offers a spacious kitchen with a large island, pantry, and expansive dining and great room areas, perfect for entertaining guests or enjoying quality family time. Embrace the elegance of our fine finishes, featuring 6 x 24 plank tile floors in the main living areas, plush carpeting in the bedrooms, stylish 42'''' gray shaker upper cabinets with sleek Black Bronze hardware, and stunning quartz kitchen countertops paired with a white 4 x 16 tile backsplash. The kitchen comes fully equipped with stainless steel appliances, including a gas range, microwave, dishwasher, refrigerator, and white washer and dryer. Additionally, the kitchen is pre-wired for pendant lighting, allowing for easy customization, and features a painted grade mission railing and soft water loop. This home is truly a gem, with 8' doors throughout, a 4-panel slider in the great room, and a mission stair railing adding to its allure. It's just waiting for your personal touch to make it complete. Don't let this opportunity pass you by! Begin your journey to owning your dream home at Madera!

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37565 W Padilla Street Maricopa, AZ 85138

$639,990

4 Beds

3.5 Baths

3,240 SqFt

Status Active

MLS # 6699191

Property Type Single Family Residence

Price Type --

Welcome to luxury, Maricopa! It's time we embrace the magnificence of new home construction previously seen in Scottsdale and the East Valley. Introducing the captivating Sedona floorplan, offering both a flexible activity room and a media room to suit your lifestyle. Your expansive gourmet kitchen is adorned with stacked cabinetry, buffet-style lowers, a gas cooktop, and double ovens. Retreat to your indulgent Ultra Spa Shower, entertain on the patio, or access your recreational gear from the THREE CAR GARAGE! Ready for occupancy in late summer 2024! ^^Up to 6% of Base Price can be applied towards closing cost and/or short-long term interest rate buydowns when choosing our preferred Lender. Additional eligibility and limited time restrictions apply.

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37627 W Padilla Street Maricopa, AZ 85138

$639,990

4 Beds

3.5 Baths

3,240 SqFt

Status Active

MLS # 6704039

Property Type Single Family Residence

Price Type --

Introducing luxury living, Maricopa! Step into the allure of this Sedona floorplan, offering both a versatile activity room and a convenient home office. Your expansive gourmet kitchen boasts stacked cabinetry, buffet-style lowers, a gas cooktop, and double ovens for culinary perfection. Unwind in your luxurious freestanding tub, entertain on the patio, or store your belongings in the spacious THREE CAR GARAGE! Discover why K. Hovnanian stands as the epitome of Lasting Value in homebuilding. Don't miss your chance to move in by late summer! Up to 6% of Base Price can be applied towards closing cost and/or short-long term interest rate buydowns when choosing our preferred Lender. Additional eligibility and limited time restrictions apply.

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18944 W Ocotillo Road Waddell, AZ 85355

Open House

$639,990

3 Beds

2 Baths

2,224 SqFt

Status Active

MLS # 6739345

Property Type Single Family Residence

Price Type --

We're building this home at the beautiful Windrose community. It's the very popular Crimson with 3 bedrooms + flex space, 2.5 baths. Multi slide door that leads out to the extended covered patio. Large walk in shower at owner's bath. Stainless steel gas appliance package with a 30'' cooktop. Linen-off white cabinets with hardware, pull out trash drawer with two bins, 42'' kitchen uppers. AZT White sand granite countertops. Undermount single bowl kitchen sink. Uprade flooring includes EMS Ravenna Olmo 7x24 plank tile in all areas of the home except bedrooms/closets and 5'' base boards and 3 1/4'' door casings. Soft water loop, 8' tall garage door with 2 openers, garage service door and much more. Estimated completion September.

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9310 S 40th Drive Laveen, AZ 85339

$639,990

4 Beds

3 Baths

2,835 SqFt

Status Active

MLS # 6747469

Property Type Single Family Residence

Price Type --

PHOTOS ARE OF MODEL HOME! Find all the room you need in this thoughtful home design. To one side of the foyer is a game room with a secondary bedroom on either side plus a secondary bathroom. The owner's suite is spacious and features two walk-in closets and a spa-inspired bathroom with access the laundry room. There is also an additional secondary bedroom and bathroom down the hall from the owner's suite. The heart of the home is an open living area that brings the kitchen, dining room and Great Room together effortlessly, plus it extends to the covered patio. Our beautiful Aurora plan boasts luxury Chef Platinum features such as quartz counter tops , Sonoma Maple Linen (White) cabinets, and 8 x 36 tile flooring. A copy of the public report is available on the ADRE's website

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14960 E Desert Willow Drive Unit 3 Fountain Hills, AZ 85268

$639,900

3 Beds

2.5 Baths

2,601 SqFt

Status Active Under Contract

MLS # 6744465

Property Type Townhouse

Price Type --

VERY LIGHTLY lived in- 2600 sq ft home Original owners were snowbirds for 20 years. Charming 3-bedroom, 2.5-bath townhome with the owners suite on the main floor, nestled in a prestigious golf course community with Views. Enjoy peace of mind with a guard-gated entrance. This 'lock and leave' 2600 sq ft. home features soaring ceilings in the living area, an informal dining room, expansive loft and all-new carpet throughout. Just two doors down from the community pool, it's the perfect blend of convenience and luxury living.''

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7822 W Donald Drive Peoria, AZ 85383

$639,900

4 Beds

3 Baths

2,512 SqFt

Status Active

MLS # 6744560

Property Type Single Family Residence

Price Type --

WELCOME HOME to this beautifully updated home in the highly desired Fletcher Heights Community. This stunning home features numerous modern upgrades and thoughtful details throughout, making it the perfect blend of comfort and style. Newer carpet and luxury vinyl plank (LVP) flooring throughout the entire home. Enjoy a partially remodeled kitchen, updated in 2024. New lighting fixtures and recessed canned lighting create a warm and freshly painted interior complemented by new 5 ½'' baseboards for a crisp, finished look. Convenient full bathroom on the main floor. The downstairs den can serve as a guest suite or home office, with a full bath adjacent. Modern ceiling fans and updated doorknobs/hardware throughout the home. A stylish barn door adds character and functionality to the laundry area. Bathrooms have been tastefully updated in 2024 with modern finishes. The front yard features low-maintenance rock landscaping and artificial turf. Relax in your sparkling pool with a newer pool pump and filter, perfect for those hot summer days. 22O volt plug installed outside for a future hot tub/jacuzzi if desired. Situated on a large lot with picturesque mountain views. The Fletcher Heights community, has easy access to restaurants, shopping, freeways, and more. This home offers the perfect combination of modern amenities, beautiful design, and a convenient location. Don't miss out on this incredible opportunity!

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3981 N Hudson Drive Florence, AZ 85132

$639,900

2 Beds

2.5 Baths

2,554 SqFt

Status Active

MLS # 6741528

Property Type Single Family Residence

Price Type --

Wake up to stunning golf course views in this beautiful home within the 55+ Merrill Ranch community. Enjoy a gourmet Kitchen, a luxurious Master Suite with an $80,000 remodel, and a private courtyard, backyard outdoor BBQ. Relax in your library, work from your custom office, and benefit from energy-efficient features like solar panels and a tankless water heater. With a 2-car garage and a golf cart garage, this home offers Luxury and Comfort in every detail. Don't miss out on making it yours!!!

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10615 W Via Montoya Drive Peoria, AZ 85383

$639,900

5 Beds

2.5 Baths

3,094 SqFt

Status Active

MLS # 6753745

Property Type Single Family Residence

Price Type --

**ALLURING & MAGNIFICENT** Spacious Floorplan w/5 (large) Bedrooms, Loft & Downstairs Master Suite! Interior Features include Granite C/Tops, Matching Cabinetry throughout including 42-inch Uppers in Kitchen, Island w/Bar Seating & Pendants, Pantry, Stainless Appliances including Double Oven (Fridge, Washer & Dryer stay), Custom Backsplash, Crown Moulding, Window Treatments, Tile Flooring + Hardwood Stairs and Built-In Cabinets/Storage inside Laundry Room, Master Closet & Garage. Outside you'll find RV Gates w/Parking Access on both sides of the Property (no HOA), Heated Pool with Lounging Shelf & Lap Lane, Hot Tub, Pergola, Covered Patio, Real Green Grass & more! Prime Location close to Lake Pleasant, Four Corners Shopping + Dining, Desirable Schools & Alta Vista Park. Keep reading... Additional interior upgrades: ceiling fans throughout, window blinds + curtains/rods, soft-close cabinetry, Ecobee Thermostats, video security system, second refrigerator in the garage stays too, dual sinks & taller vanity in master bathroom, walk-in closet in master and another bedroom and pet door to the outside. French Doors lead out the Master to the Hot Tub relaxation area, concrete slab behind one of the RV Gates, service door on the garage side, string lights convey, back fence is stuccoed & painted, exterior illumination, water feature in the pool plus sleeves for umbrellas / volleyball, front porch, coach lights, leased solar and the list goes on. Alta Vista Park has plenty of field space, playground, tennis, pickleball, basketball, ramadas, dog park and it's an active park with many fitness class offerings. Zuni Hills (K-8) and Liberty High School are both highly desirable and within the Award-Winning Peoria Unified School District. Don't forget the Roof was replaced along with both A/C Units just last year.

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20815 W Canyon Drive Buckeye, AZ 85396

$639,900

2 Beds

2 Baths

2,125 SqFt

Status Active

MLS # 6743163

Property Type Townhouse

Price Type --

Discover one of the most pristine golf course villas in the Vallarta neighborhood of Verrado, perfectly situated at the base of the White Tank Mountains along the 5th fairway of the Verrado Golf Club Founders Course. This stunning residence offers breathtaking panoramic views of the golf course and mountains. Nestled within a picturesque gated community, this villa provides access to exclusive amenities, including a pool, spa, and BBQ area, in addition to the full range of facilities available to all Verrado residents. Impeccably designed with exceptional attention to detail, this home is upgraded with features that cater to the most discerning buyers. The backyard retreat is truly extraordinary with an extended covered patio, travertine decking, private pool and fire pit— a perfect setting for entertaining friends and family year-round. Don't miss the chance to experience this extraordinary property. Schedule your private tour today!

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