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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6952 W Remuda Drive Peoria, AZ 85383

$639,000

5 Beds

3 Baths

3,120 SqFt

Status Active

MLS # 6736893

Property Type Single Family Residence

Price Type --

Experience high quality living in this spacious and recently updated home, nestled into the highly sought after Community of Terramar. This Northern Peoria gem boasts an impressive 5 bedrooms and 3 full bathrooms, with modern touches being found throughout the home. The solar panels on the house are owned, and the pool is heated. Don't miss this rare chance to get everything you could possibly want in a greatly desired location.

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1415 E Princeton Avenue Gilbert, AZ 85234

$639,000

5 Beds

3 Baths

2,733 SqFt

Status Active

MLS # 6701061

Property Type Single Family Residence

Price Type --

Spacious home located near Gilbert's renowned downtown. Tons of dining and shopping just down the street. Bright living room featuring carpet flooring & on-trend palette throughout. The perfectly flowing great room provides backyard access & an inviting fireplace. Gorgeous, updated kitchen with built-in appliances, shaker cabinetry w/crown moulding, a stylish backsplash, granite counters & pantry. Double doors reveal the primary retreat, boasting large picture windows & an ensuite w/dual sinks, a separate shower/tub, & two walk-in closets. The charming backyard showcases a relaxing covered patio, a spa, & sparkling pool, offering the perfect setting for enjoying the warm Arizona weather.

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961 N Willow Street Chandler, AZ 85226

$639,000

4 Beds

3 Baths

2,162 SqFt

Status Active

MLS # 6723194

Property Type Single Family Residence

Price Type --

Highly upgraded beautiful home in Chandler with a den/4th bedroom and full bathroom downstairs. Stunning hardwood floors. This home has been meticulously cared for! The new owner[s]will love the updated kitchen cabinets, granite, and appliances. The primary bathroom and shower has been beautifully updated with neutral tile and finishes! Two newer AC units. Lush landscaping with many fruit frees. Large primary bedroom with balcony. Lovely quiet interior lot. Kyrene schools. Great location. Furniture available on separate bill of sale.

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10498 E Cochise Avenue Scottsdale, AZ 85258

$639,000

2 Beds

2 Baths

1,781 SqFt

Status Active

MLS # 6735402

Property Type Townhouse

Price Type --

This 55+ neighborhood is in a fantastic location with proximity to Via Linda Senior Center, Scottsdale Ranch Park Tennis Club, 101 and shopping! This 2 bedroom 2.5 bath home has vaulted ceilings and skylights everywhere! There is so much natural light! The totally split floorplan makes it great for guests and the additional room could be converted to a third bedroom! There is a large inside laundry with room for folding and two car garage with built -in cabinets for your collectibles! The community has two beautiful pools and tennis courts for your enjoyment. This home is priced to sell and ready for all your personal touches. Come see this home today!

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6702 E Granada Road Scottsdale, AZ 85257

$639,000

3 Beds

2 Baths

1,619 SqFt

Status Active

MLS # 6757042

Property Type Single Family Residence

Price Type --

This historic mid-century Allied home is amazing! Beautiful white cabinetry w/fluted glass doors,dual basin apron-front farm sink, tiled counters/backsplash & breakfast bar. The formal family room features planks of modern wood-grain tile. The enlarged master suite has full bath w/travertine jetted shower/tub, maple vanity w/dual sinks, 2 closets (one large walk-in closet) & French doors to patio.The home also features 3 bedrooms 2 bathrooms, 1619 square feet of livable space and a 7931 square foot North-South oriented lot. The living room is located off the kitchen, which features a breakfast bar. Living has french door access to the rear covered patio and swimming pool. There is also access to the inside laundry room and carport, from the living room. The floorplan has been reconfigured

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146 E Riviera Drive Tempe, AZ 85282

$639,000

3 Beds

2 Baths

2,638 SqFt

Status Active

MLS # 6748461

Property Type Single Family Residence

Price Type --

Experience the refreshing vibes of Tempe in this gorgeous completely remodeled, move-in ready basement home! All new flooring and baseboards, new 5-ton HVAC, new roof, new white shaker kitchen cabinets with ample storage & under cab lighting, new quartz counters and backsplash, stainless gas range & hood, farmhouse sink w/touchless faucet, all updated lighting and fans throughout. Nest thermostat, all new interior/exterior paint, massive finished basement w/Galaxy Concrete coating. Bathrooms are remodeled w/modern tile, walk-in rain shower upstairs, new tub, new fixtures, new toilets and sinks! Step outside through the new French doors to an oversized backyard & sparkling blue pool w/ new variable speed pump. All new rock and turf too! Come experience this corner lot, north/south facing next to the Tempe bike corridor and just 2 mi to the light rail. The neighborhood utilizes the Tempe Orbit shuttle that goes straight to ASU or the light rail! This home is walkable to nearby restaurants and breweries with immediate freeway access. Central location near water activities on Tempe Town Lake and Papago Mountain Bike Trails. This city intertwines laid-back vibes with an active lifestyle in a place where everyone is welcome and community is at the core!

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2542 S Canfield -- Mesa, AZ 85209

$639,000

5 Beds

3 Baths

2,435 SqFt

Status Active

MLS # 6712560

Property Type Single Family Residence

Price Type --

Meticulously maintained, original owners pride of ownership shows in this fabulous single level apacious home in the highly sought-after Mulberry planned community in Mesa, Arizona. The home features 3 bathrooms, 5 bedrooms with the owner suite split from the rest of the bedrooms. An open great room concept featuring crown molding at the ceilings here plus in hallways & primary bedroom/bath, 20x20 tile set on the diagnal all but 4 bedrooms which have wood flooring, gourmet kitchen with granite countertops plus custom full height backsplash, gas range, SS appliances, center island & walk in pantry. The outdoor space includes patio with extended pavers which include a walkway to side of home, 2 pergolas & retractable privacy screens, a custom art painted landscape scenery on rear MORE.. a custom art painted landscape scenery on rear block wall 50 ft in length. Oversized 2 car garage with 4 layer max chip floor by Epoxyology Garage Floor Coating plus four 4 ft x 8ft hanging storage racks,

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4318 E Smokehouse Trail Cave Creek, AZ 85331

$639,000

4 Beds

3 Baths

2,412 SqFt

Status Active

MLS # 6721909

Property Type Single Family Residence

Price Type --

Seller may consider buyer concessions if made in an offer. Welcome to this charming property that combines modern amenities with elegant charm. Recently updated with fresh interior paint and new flooring in parts, the neutral color scheme creates a calming atmosphere for all who enter. The kitchen is a cook's delight, featuring an inviting island and stainless steel appliances. Relax or entertain on the covered patio or enjoy privacy in the fenced backyard. This sought-after addition provides ample space for daily routines. From indoor comfort to outdoor luxuries, this property blends modern comfort with classic charm. If you seek a meticulously maintained home with exceptional attention to detail, don't miss the chance to make this beautifully updated property yours. It's the perfect plac

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4757 E Amber Sun Drive Cave Creek, AZ 85331

$638,900

5 Beds

3 Baths

2,248 SqFt

Status Active

MLS # 6708250

Property Type Single Family Residence

Price Type --

**BRING ALL OFFERS** SELLER TO CONTRIBUTE TOWARDS CLOSING COST OR RATE BUYDOWN AT CLOSING AND WITH ACCEPTABLE OFFER. Beautiful 5 BR, 3 FULL BATH home w/ elegant wood-like tile flooring, an inviting family room, vaulted great room, and spacious kitchen with granite countertops, appliances included! The first floor also has a laundry room (with washer/dryer), a bedroom, and a remodeled full bathroom - perfect for guests or multi-generational living. Upstairs includes additional bedrooms, a remodeled bathroom, and primary bedroom with en-suite bathroom and walk-in closet. The private backyard offers a covered patio, extended paver patio, shade trees, and view fencing. Modern amenities include structured media panel, Nest thermostats, Smart Lock, and Ring doorbell. Excellent school d

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4310 E John Street Gilbert, AZ 85295

$638,900

3 Beds

2.5 Baths

1,862 SqFt

Status Active

MLS # 6689144

Property Type Single Family Residence

Price Type --

This beautiful Cavalcade plan, 1869 sf single story home is our most popular plan of our Seaboard homes. Beautifully laid out with 3 bedrooms and 2.5 baths separated by an open study off a spacious great room with linear fireplace and open gourmet kitchen. The master bedroom has a French door to a large covered patio and features an roomy walk in closet and a beautifully appointed master bath highlighted by a gorgeous spa shower. Beautiful plank tile flooring shows off the wonderful great room which opens to the outside with an expansive 16' atrium glass door. The gourmet kitchen features upgraded 42'' upper Painted Linen Shaker style cabinets with upgraded crown molding. The granite countertops are highlighted by the upgraded 3 x 12 full tile backsplash. This home shows like a dream

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18501 E Avenida Del Ray -- Rio Verde, AZ 85263

$638,500

3 Beds

3 Baths

2,513 SqFt

Status Active

MLS # 6751012

Property Type Single Family Residence

Price Type --

A Stunning Desert Retreat Awaits: Step into this exquisite 3-bedroom, 3-bath home, perfectly situated in the tranquil adult community of Rio Verde Country Club. This gorgeous property greets you with low-maintenance desert landscaping, seven mature palm trees, and fruit-bearing citrus trees: lemon, pink grapefruit, and orange. Enjoy a bright and airy open layout adorned with brand-new premier laminate plank tile and freshly painted interiors and exteriors. The living and dining areas feature a charming beehive fireplace and a beautiful skylight that fills the space with natural light. The well-equipped kitchen, complete with oak cabinets for ample storage, also offers breathtaking views of Four Peaks, making it a delightful space for both cooking and entertaining. The home boasts two spacious master suites, providing luxurious comfort and privacy. The primary suite features plush Berber carpet, direct outdoor access to a private patio, and a spa-like bathroom with dual sinks, a jetted tub, and a walk-in closet. Throughout the home, you will find an abundance of closet space, ensuring every item has its place. Set on a spacious lot of over 15,200 sq. ft., this home is perfect for entertaining, surrounded by mature citrus trees and beautiful desert landscaping. Enjoy hosting on the open patio or dining al fresco by the outdoor fireplace, all while immersing yourself in the tranquil beauty of nature. Act quickly, as this stunning home is priced to move and won't be on the market for long! Seize the opportunity to own this gem in the sought-after Rio Verde Country Club community, offering breathtaking views, exceptional comfort, and boundless charm. Here, you're not just purchasing a home; you're embracing a whole new lifestyle!

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22917 S 207th Place Queen Creek, AZ 85142

$638,020

4 Beds

3 Baths

2,474 SqFt

Status Active

MLS # 6744366

Property Type Single Family Residence

Price Type --

MLS#6744366 January Completion! The Cambridge at Ellsworth Ranch Landmark is a beautifully designed single-story home offering 2,474 square feet of living space. This layout features 4 bedrooms, 3 bathrooms, a 2-car garage, and an exercise/flex room. As you approach the home, a charming front porch invites you in. The foyer leads to a hallway, with secondary bedrooms and 2 full bathrooms on one side and a laundry room on the other. Moving further into the home, you'll find an expansive open-concept kitchen, great room, and dining area that's perfect for gathering and entertaining. Structural options include: exercise room and gourmet kitchen.

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