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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20819 N 124th Drive Sun City West, AZ 85375

$639,500

3 Beds

2 Baths

2,250 SqFt

Status Active

MLS # 6744266

Property Type Single Family Residence

Price Type --

If you have been waiting for the perfect home on the beautiful Stardust golf course in Sun City West then this is it!!! Wait till you see this completely transformed Castillo floor plan. In 2013 this home was stripped down to the exterior studs and completely redone. No expense was spared. You will notice that the home has all tile flooring, the neutral color plan adds to the rich finishes done everywhere. This home has a sitting room, TV room, separate office space, A split floor plan, two beautifully sized guest rooms. The primary bedroom is huge, and wait till you see the primary bathroom. The kitchen is a chefs dream. Perfectly laid out with beautiful maple cabinets, A center island and stainless appliances.The back patio is a beautiful place to relax and entertain friends and family

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10844 N 37th Way Phoenix, AZ 85028

$639,500

5 Beds

3 Baths

2,610 SqFt

Status Active

MLS # 6758327

Property Type Single Family Residence

Price Type --

Location,Location,Location so you better act Fast to have a chance at this large family home with 5 Bedrooms 3 Baths and a Den that easily converts back to a 6th Bedroom all sitting on a oversized quiet cul-de-sac lot with no HOA. Wow! this is a dream come true for boat owners and toy lovers with dual RV gates in a prime location and quick freeway access and close to all the hip Tatum and Shea area dining, shopping and entertainment. The large yard with mature fruit trees make this an ideal home for family and friends to make new memories, grow, play and live. This is a perfect blank canvas to make your Dream home come true! New tile and fresh paint inside.

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14655 N Kings Way Fountain Hills, AZ 85268

$639,500

2 Beds

2 Baths

1,267 SqFt

Status Active

MLS # 6715199

Property Type Single Family Residence

Price Type --

Very desirable property which has been well maintained and loved. Extremely peaceful and private area which backs up to a wash. Beautiful desertscape with a pool. Easy access to commerce in delightful Fountain Hills and nearby Scottsdale. This property could be purchased furnished with well kept Thomasville and Stonecreek furniture etc. under separate negotiable agreement. Available as a perfect primary or second residence.

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22349 W Bobwhite Way Wittmann, AZ 85361

New

$639,000

3 Beds

2.5 Baths

1,965 SqFt

Status Active

MLS # 6760739

Property Type Single Family Residence

Price Type --

FINAL OPPORUNITY! FINANCE INCENTIVES RATE BUYDOWN FIXED 4.875% JUST UNDER ONE-ACRE, PRIVACY! NEW HOME, MOVE IN READY! 1965sqft single level home, 3-bedroom, Flex, 2.5 bath. 3 car tandem plus attached RV garage 15x52 w/ 14 door an10X10 at rear of RV garage, insulated garage! Spacious open kitchen, 42'' upgrade cabinets, granite countertops, huge kitchen island, gourmet stainless steel appliances, double oven, large owner's suite with impressive walk-In shower and more! Surprise Estates just under one-acre homesite with attached RV garage, bring all your toys!! Pristine desert surroundings make Surprise Estates the ultimate sanctuary. We are located just outside the city of Surprise, with quick access to major freeways and less than 30 minutes from Lake Pleasant

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4315 S 123rd Avenue Avondale, AZ 85323

$639,000

4 Beds

3.5 Baths

2,622 SqFt

Status Active

MLS # 6680632

Property Type Single Family Residence

Price Type --

10' ceilings, 8' doors and large, energy efficient windows allowing in an abundance of natural light highlight this gorgeous 4 bed, study, 3.5 bath open plan in Alamar. Enjoy trying new recipes in the gorgeous gourmet kitchen boasting painted 2-tone, shaker style cabinets, quartz countertops and GE stainless steel appliances with gas cooktop and large hood vent. Designer-selected finishes include upgraded tile flooring, carpet and pad, custom backsplash and accent lighting. Escape from a long day to the large owner's retreat boasting a tiled walk-in shower, soaking tub, and huge walk-in closet. Other features include 2-tone paint, 12' sliding glass door to the covered outdoor area and a large finished, turf backyard. 2x6 construction. Welcome home.

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12324 W Luxton Lane Avondale, AZ 85323

$639,000

4 Beds

3.5 Baths

2,624 SqFt

Status Active

MLS # 6693670

Property Type Single Family Residence

Price Type --

10' ceilings, 8' doors and large, energy efficient windows allowing in an abundance of natural light highlight this gorgeous 4 bed, 3.5 bath open plan with enclosed study in Alamar. Enjoy trying new recipes in the gorgeous gourmet kitchen boasting painted 2-tone, shaker style cabinets, quartz countertops and GE stainless steel appliances with gas cooktop and large hood vent. Designer-selected finishes include upgraded tile flooring, carpet and pad, custom backsplashes, and accent lighting. Escape from a long day to the large owner's retreat boasting a tiled walk-in shower, soaking tub, and huge walk-in closet. Other features include 2-tone paint, 12' sliding glass door to the covered outdoor area and a large backyard. 2X6 CONSTRUCTION; NEW HOME WARRANTY. Welcome Home.

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1147 N Marvin Street Gilbert, AZ 85233

$639,000

4 Beds

2 Baths

2,051 SqFt

Status Active

MLS # 6752143

Property Type Single Family Residence

Price Type --

Charming 4-Bedroom Home with a Pool in Gilbert Welcome to this beautifully upgraded 4-bedroom, 2-bathroom home, Open comfortable living space in the highly desirable area of Gilbert. This spacious home feels even larger, thanks to the thoughtful conversion of the third car garage into a fourth bedroom, complete with a closet.Perfect for those who love to entertain, the open floor plan offers a seamless flow from the kitchen to the living areas. The kitchen is a chef's delight, featuring a large island ideal for hosting holiday buffets, granite countertops, stainless steel appliances, and ample cabinet space. The home is adorned with stylish tile and wood laminate flooring throughout, offering both durability and elegance. Recent upgrades include a newer roof, fresh paint, and added insulation in 2019, along with an insulated garage door and an enclosed, air-conditioned patioperfect for year-round comfort. Step outside to your private oasis, where the recently updated pool equipment ensures your heated pool and spa are ready for swimming all year long. The Bosch saltwater dishwasher, 5-ton AC unit, two mini-splits, a gas furnace, and gas heating ensure energy efficiency and comfort. Additional features include solar panels, a gas dryer, gas stove, an updated drip system in 2023, new master bedroom windows, an insulated garage door, and a convenient attic pull-down stair. Situated near the heart of downtown Gilbert, this home offers both convenience and luxury, making it a must-see!

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2176 E Apollo Avenue Tempe, AZ 85283

$639,000

3 Beds

2 Baths

1,638 SqFt

Status Active

MLS # 6747849

Property Type Single Family Residence

Price Type --

Just completed, this 3-bedroom/2 bath home has been completely renovated and redesigned, showcasing telltale touches of a contemporary/modern feel home with a luxury vibe. This home has been totally transformed, inside and out, and is 100% permitted by the City of Tempe with NO HOA. Providing a turnkey and designer lifestyle, this home has created an incomparable one of kind home in the much-desired South Tempe neighborhood of Optimist Park. The home features crisp neutral paint tones and earthy 8'' wide LVT floors, a stylish balance of formal spaces and cozy living. Upon entering you will immediately observe the new open floor concept with floor to ceiling fireplace, separate family room and living room areas with light-filled spaces everywhere.

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1903 E Ayden Court Payson, AZ 85541

$639,000

3 Beds

2 Baths

1,610 SqFt

Status Active

MLS # 6757095

Property Type Single Family Residence

Price Type --

Nestled in the highly sought-after, newer subdivision of Chaparral Vista, in a peaceful cul de sac located off Tyler Parkway. This stunning brand-new all electric home boasts 3 spacious bedrooms and 2 luxurious bathrooms, designed with modern elegance and functionality in mind with too many upgrades to list here. To see a full list see documents. The wrap-around deck is a standout feature, providing an ideal setting for outdoor entertaining or simply relaxing while enjoying the serene surroundings. Inside, every detail has been meticulously curated with high-end upgrades that elevate the living experience. The open-concept floor plan seamlessly connects the living, dining, and kitchen areas, creating a perfect space for both everyday living and special gatherings. The kitchen is a chef's delight, featuring state-of-the-art KitchenAid appliances, sleek quartz countertops, and custom cabinetry. The master suite is a tranquil retreat, complete with a beautifully appointed en-suite bathroom featuring premium fixtures and finishes. The additional bedrooms are generously sized, offering comfort and versatility for family, guests, or a home office. With its blend of contemporary design, thoughtful upgrades, and a picturesque wrap-around deck, this home in Chaparral Vista offers an exceptional living experience. Buyer to verify property taxes with Gila County.

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9518 W Menadota Drive Peoria, AZ 85382

$639,000

3 Beds

2.5 Baths

2,231 SqFt

Status Active

MLS # 6755883

Property Type Single Family Residence

Price Type --

Experience resort-style living in this immaculate move-in ready home situated in the desirable active adult community of Westbrook Village. Boasting 3 bedrooms, 2.5 baths, and a private pool, this well-appointed residence is perfect for those seeking a luxurious and low-maintenance lifestyle. Enjoy the open great room with soaring ceilings, perfect for entertaining, and the spacious eat-in kitchen designed with the chef in mind. The lavishly remodeled master bathroom and expansive walk-in shower are sure to impress. The beautifully landscaped front and backyards add to the home's excellent curb appeal. Westbrook community offers numerous amenities including rec. centers, golf courses, a restaurant, pools, tennis/pickleball courts, and much more. Located near an array of shopping, dining, and entertainment options and just 20 minutes from the Westgate entertainment district, this home offers the perfect combination of comfort and convenience. UPGRADES: New Roof and AC both with warranties, Sunscreens, security door, 80gal water heater, exterior painted, kitchenAid dishwasher, refrigerator, handicap accessible and more!

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2567 Crossman Court Pinetop, AZ 85935

$639,000

4 Beds

3.5 Baths

2,079 SqFt

Status Active Under Contract

MLS # 6744768

Property Type Single Family Residence

Price Type --

Crossman Court White Mountain Estate, perfect for a blend of adventure and leisure is now ready for its next owner. Escape the Phoenix summers in Pinetop with cool mountain air in the very desirable Pinetop Country Club neighborhood. Perfectly situated on a cul de sac lot, this home is a five minute walk to the Pinetop Recreation Center where residents enjoy pickleball tournaments and tennis/volleyball, private pool, fitness center and private park, as well as community loved-events year round (ask about our community pancake breakfasts on Saturday mornings!). When you step inside, you'll be welcomed by the warm and inviting clean cabin aesthetic, featuring striking wood ceilings, pretty windows and recessed lights. The kitchen opens nicely to the rest of the home and features a large island and new stainless appliance suite. The thoughtfully designed floorplan includes the primary bedroom and bath on the main floor and two additional bedrooms upstairs. BONUS: there is a very large loft space with a bedroom and it's own bathroom above the garage. For the savvy buyer, this could mean hosting more people you love or an additional income stream! BONUS #2: with the right offer, this home can be sold fully furnished! Some of the unique features are the very large front yard with wrap around porch, spacious garage and fully fenced backyard. For those who love golf (and who doesn't?), the nearby courses provide an excellent opportunity to tee off in the cooler temps and stunning landscape. This time of year, everyone is dreaming about a new home in the perfect Pinetop climate. Be quick to scoop this one up!

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3386 W Hemingway Lane Phoenix, AZ 85086

$639,000

5 Beds

3 Baths

2,700 SqFt

Status Active

MLS # 6725354

Property Type Single Family Residence

Price Type --

Welcome to your dream home in Anthem! This stunning 5-bedroom, 3-bath beauty is not just a house; it's where your best life begins. From the charming front porch to the spacious 2-car garage and RV gate, this place has it all. Step inside to find gorgeous Spanish tile, elegant plantation shutters that make you feel right at home. Natural light floods the cozy living room and the great room, which seamlessly opens to the backyard through sliding glass doors. Now, let's talk kitchen: walk-in pantry, stainless steel appliances, and granite countertops that practically scream, ''Cook here!'' Plus, there's a breakfast bar for casual bites or quick chats. Upstairs, you'll find a versatile loft or a bonus room that could be a study, playroom, or whatever your heart desires. The main retreat is a peaceful escape, featuring double doors, an ensuite with dual sinks, and a walk-in closet that would make any fashionista swoon. But the real star? Your backyard oasis, complete with a covered patio, built-in BBQ, outdoor fireplace, and a sparkling pool with a rock waterfall - perfect for entertaining or just unwinding after a long day. And let's not forget about those solar panels keeping your energy bills in check! Living in Anthem means endless amenities: gyms, sports courts, water parks, and community events that keep the fun rolling year-round. This home is stylish, spacious, and ready for you to soak up the Arizona sunshine. Are you ready to make it yours?

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