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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1139 E Amberwood Drive Phoenix, AZ 85048

$635,000

2 Beds

2.5 Baths

1,558 SqFt

Status Active

MLS # 6752494

Property Type Single Family Residence

Price Type --

Welcome home to the Foothills. This home is polished and ready for new owners! Inside find vaulted ceilings and two-story windows in the living room. The kitchen features slate-tile flooring and stainless steel appliances. 2 master suites - one upstairs and downstairs. The downstairs Master bedroom is equipped with a walk-in closet, dual sink vanity and water closet. Reach the loft upstairs before entering the second Master suite, also decked with a walk-in closet and dual sink vanity. Covered patio out back.

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424 W Blackberry Lane Payson, AZ 85541

$635,000

3 Beds

2 Baths

2,540 SqFt

Status Active

MLS # 6737363

Property Type Single Family Residence

Price Type --

Your home in the wood awaits. Solid well built slump block 3/2 home in quiet wooded neighborhood, 2 car garage with upstairs living quarters, workshop, 3/4 bath. Enjoy the peace and quiet every morning on the 10x40 rear deck surrounded by Ponderosa's oak and many other types of trees. fully fenced yard. New flooring in great room and kitchen. This home needs to be seen in person to be appreciated.

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2686 E Westchester Drive Chandler, AZ 85249

$635,000

4 Beds

2 Baths

2,421 SqFt

Status Active

MLS # 6693315

Property Type Single Family Residence

Price Type --

Beautiful 4 bed/2 bath w/3 car garage in desirable Sun River Community. Great room floor plan with split master. Formal dining room. Kitchen - 42 inch staggered cabinets, side by side refrigerator, center island, breakfast bar, pantry with pull out shelves and breakfast nook. Custom media niche. Tile throughout except bedrooms. Oversized master bedroom. Master bathroom - separate tub/shower, glass block window, 2 sinks and vanity area. Huge walk in closet. Hall bath has 2 sinks. Over-sized, private backyard with 10' access gate.

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16528 W Isleta Court Surprise, AZ 85387

$635,000

2 Beds

2.5 Baths

2,300 SqFt

Status Active

MLS # 6677181

Property Type Single Family Residence

Price Type --

Welcome to this 2300 sq/ft furnished, Mission model home located in Sun City Grand (The Grand) a 45+ Active Adult Resort Style Community. Open site-lines are evident upon entering into the great room w/gas fireplace and picture windows. A Large Updated Kitchen with 2 Breakfast /Entertaining Bars with An Expanded Island & Granite Counter tops, S/S Appliances, Roll-out shelves, Large Pantry & plenty of Cupboard storage. Large Dining Space with Bay Window Overlooking the Pool. A Nice sized Office/Den with Built-in Double Desks w/large window situated between the Primary Suite & the Private Guest Suite. Master bath has a large shower, Double Sinks & Large Walk-in closet. The Party begins upon entering the Outdoor Covered Patio w/ Pebbletec pool & Baja Deck, Gas Grill, & Patio Seating that create an Entertainer's Delight! Home also boasts a Large Laundry room w/ storage; Powder Bath; a Second Dining area; Ceiling Fans throughout; Central Vacuum; Soft Water. The Leased Solar Panels (non-escalating transferable lease), HVAC (2 units) replaced in 2017, Hot Water Tank replaced in 2020, installation of Patio Misters in 2020, and the 2-Car Garage plus Golf Cart Garage!! Low cost nonescalating solar is $106.30 per month. The Grand is home to 4 championship Golf Courses, 2 Rec Centers, 5 pools, spas, 2 Large Exercise Rooms, Indoor Walking Track, Auditorium, the New Maple & Rye Restaurant, Banking, CVS Pharmacy, along with activities, trips, clubs and much more. Home is Vacant and Easy to Show. Don't Miss This on Your Tour!

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4287 E Millbrae Lane Gilbert, AZ 85234

$635,000

3 Beds

2 Baths

2,200 SqFt

Status Active Under Contract

MLS # 6727576

Property Type Single Family Residence

Price Type --

Welcome to this beautifully updated home in the desirable Superstition Meadows neighborhood. This home boasts over 60k in upgrades, making it a true gem. This immaculately maintained home has been updated throughout and features spacious living and family room areas, large windows that bring in natural light, and elegant tile flooring. Step outside to your own private oasis with a sparkling Pebble-Tec pool, newly added spa, and built-in BBQ, perfect for entertaining. The gourmet kitchen boasts rich raised panel cabinets, granite countertops, black appliances, a pantry, and an expanded island for additional prep and storage space. The luxurious master bathroom has been completely updated and features a stunning glass block snail shower with a stone floor. This US Home also includes the extended garage option for extra storage and living space. Located close to a community park with a playground, easy freeway access, and top-rated golf courses, schools, shopping, and dining. Be sure to check out the documents section for a comprehensive list of upgrades and the things our sellers will miss about this incredible home. Come see it today and experience the true essence of Arizona living at its finest.

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1618 W Maplewood Street Chandler, AZ 85286

New

$635,000

3 Beds

2 Baths

1,647 SqFt

Status Active

MLS # 6760343

Property Type Single Family Residence

Price Type --

Location, Location, Location! Nestled in the prestigious Pecos Ranch in the heart of Chandler, near the Price Corridor and its high-tech companies, this expansive waterfront lot is perfectly situated right by a community park, offering stunning views and direct lake access—ideal for all your favorite water sports and leisure activities. This breathtaking single-level home has been recently remodeled, boasting luxury Vinyl flooring, freshly painted neutral walls, modern quartz kitchen countertops, and contemporary lighting fixtures throughout. French doors in the family room and large windows in the kitchen frame the serene lake views, creating a tranquil living environment. The master bedroom features an en-suite bathroom with direct access to the backyard, perfect for enjoying the peaceful outdoors. With proximity to major freeways like the 101, 202, 60, and I-10, this home offers unparalleled access to Chandler's best schools, top-rated hospitals, and main shopping destinations, including Costco and Chandler Fashion Center. Discover the ease of urban living in a suburban paradise.

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302 W Oak Avenue Unit 1 Flagstaff, AZ 86001

$635,000

3 Beds

2.5 Baths

1,213 SqFt

Status Active

MLS # 6730466

Property Type Single Family Residence

Price Type --

TO BE BUILT...Welcome to modern living in the heart of Flagstaff - a collection of contemporary detached homes that redefine luxury and convenience. Nestled against the backdrop of the stunning mountains, step into a world where architectural brilliance meets nature's beauty. The community boasts a sleek and contemporary design that seamlessly integrates with the natural surroundings. Plentiful glass allows ample natural light to flood the interiors, creating a harmonious blend of indoor and outdoor living. Clean lines, high ceilings, and thoughtfully designed spaces provide an open and airy atmosphere making each home a sanctuary of modern sophistication. Wake up to the awe-inspiring sight of the mountains right outside your window (Select Lots Only). Whether you're sipping your morning coffee on the patio or enjoying a quiet evening indoors, the breathtaking scenery is a constant companion, creating a sense of tranquility and connection with nature. Embrace the convenience of city living without sacrificing the serenity of a mountain retreat. The community is ideally located within a short distance to downtown Flagstaff with easy access to the Urban Trail System (FUTS), allowing residents easy access to vibrant shops, eclectic restaurants, cultural attractions, and lively entertainment. Enjoy the best of both worlds - the bustling energy of city life and the peaceful seclusion of your private mountain haven. Step inside and experience a harmonious blend of form and function. The interiors are adorned with high-end finishes, contemporary fixtures, and premium materials. The open-concept layouts create a seamless flow between living, dining, and kitchen areas, perfect for both entertaining guests and cozy family nights. Invest in more than just a home - invest in a lifestyle. These bungalows offer not just a residence but a secure investment in the future. The combination of prime location, modern design, and proximity to downtown Flagstaff, Flagstaff Medical Center, Flagstaff Elks Lodge, Jay Lively Ice Arena, Buffalo Park, Basha's Grocery Store, and many schools ensures a high standard of living and potential for long-term value appreciation. There are a total of 13 available lots, any of the three attached plans will work on any of the available lots.

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106 N Lariat Way Payson, AZ 85541

New

$635,000

4 Beds

3 Baths

3,407 SqFt

Status Active

MLS # 6760660

Property Type Single Family Residence

Price Type --

Unbelievable find for UNDER $200 PER SQUARE FOOT! This is a multi-generational house with no HOA, oversized bedrooms, and travertine flooring. You need to see this home! Fantastic 4 bed, 3 bath, 3407 square foot home at the end of a cul-de-sac in a desirable neighborhood within a mile and a half of the high school, middle school, and Rumsey Park. Freshly painted 2-level home with dueling open concept great rooms, suitable for separate living areas or an unbelievable party room. One on the 3-bedroom upper level, with a split floor plan, and one on the lower level, with a bedroom, kitchenette, and 3/4 bathroom. Both levels featuring updated Trex outdoor living areas. Investors welcome! This home offers countless opportunities. Come and see today!

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28524 N 102nd Way Scottsdale, AZ 85262

$635,000

2 Beds

2.5 Baths

1,711 SqFt

Status Active

MLS # 6702531

Property Type Townhouse

Price Type --

This 2br/2.5ba unit is located in the resort community of Troon North. The open floor plan includes a great room w/ high ceilings, updated kitchen and a cozy gas fireplace. Add'l features include brand new roof, appliances, hot water heater, and HVAC. Convenient direct entry 2-car garage. Upstairs you will find two primary suites with walk-in closets, dual sinks and private showers. Both rooms feature balconies for enjoying views of the desert landscape and Pinnacle Peak. Low property taxes and HOA dues make this easy desert living! Conveniently located near the Troon Clubhouse and Sonoran Mountain Preserve trail system.

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17603 N Lindgren Avenue Sun City, AZ 85373

$635,000

2 Beds

2 Baths

1,999 SqFt

Status Active

MLS # 6712021

Property Type Single Family Residence

Price Type --

Beautifully Remodeled including the windows. Open Floor Plan, Golf Course Property With Pool. Kitchen Includes Newer Upgraded Custom, Hickory Cabinets, Stainless Steel Appliances and Newer Wood Tile Flooring. Walk-in Closets In Both Bedrooms. Fully Remodeled Guest Bathroom. Air Cooled Laundry Room/pantry Off Garage With Extra Storage, Bonus Den/office off Main Bedroom. and there are 2 walk-in closets in this room. The main bedroom has a door to the outside. The Pool is Solar Heated with an additional heating feature. The Pool has a pebble-tec type coating.. There is a lovely Waterfall Feature. The backyard landscape has Astro Turf. The front courtyard is fully fenced for a cozy retreat. Come see this lovely cheerful house, just waiting For You to Call it Home! Owner/Agent

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36176 N Desert Tea Drive Queen Creek, AZ 85140

$635,000

3 Beds

3 Baths

2,186 SqFt

Status Active

MLS # 6701058

Property Type Townhouse

Price Type --

Stunning resort collection property at beautiful Encanterra Country Club. This upgraded floor plan offers 3 bedrooms, 3 bathrooms, den and loft area complete with porcelain tile floors, high-end carpeting and plantation shutters throughout. Kitchen features gorgeous cabinetry and countertops, custom backsplash, GE Monogram appliances with built-in refrigerator and warming drawer. The main floor primary bedroom with ensuite bath is complete with stylish tile work. All bathrooms have floor to ceiling tile with double showerheads with wands. Upstairs, guests will feel right at home with a spacious bedroom, ensuite bath, loft and den that makes a perfect home office. Other upgrades include indirect lighting, wiring for whole-home sound system, security alarm and back yard water feature.

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4300 W Prince Road Mcneal, AZ 85617

$635,000

3 Beds

2 Baths

2,150 SqFt

Status Active

MLS # 6721687

Property Type Single Family Residence

Price Type --

Welcome to your dream country property, nestled on 75 acres with almost 360 mountain views. With 36 acres of grandfathered irrigation rights, it's just waiting for you to grow your own hay or run livestock. The property includes a large hay barn, equipment shed, and workshop, plus fenced pastures ready for horses. The stunning three-bedroom, two-bathroom home features open-plan living. Vaulted ceilings create a bright and airy atmosphere. A spacious kitchen is at the heart of the home. French doors open onto a BBQ and entertainment area where you can host family and friends. A domestic well supplies water to the home and the expansive lawn and orchard. This is more than just a home. It's a one-of-a-kind gem that provides an unparalleled lifestyle for you and your family. Don't miss out on the opportunity to own a piece of desert paradise. Owner is Listing Agent.

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