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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3118 W Espartero Way Phoenix, AZ 85086

$635,000

4 Beds

3 Baths

2,934 SqFt

Status Active

MLS # 6747861

Property Type Single Family Residence

Price Type --

Welcome to your new home! This spacious residence boast a generous one of a kind 4 car garage, perfect for a car enthusiast or those in need of ample storage. The home features an oversized master suite with elegant tile flooring, offering a serene retreat. With a total of 4 bedrooms and 3 full baths, there's plenty of room for everyone. Enjoy the stunning cherry wood laminate flooring that graces the main floor, adding a touch of sophistication to the living areas. The home is bathed in natural light thanks to the North/South exposure creating a warm and inviting atmosphere throughout. Conveniently located near Sunset Ridge K-8 school, community pool, shopping and dining. The neutral painting throughout the home provides a versatile backdrop for your personal style. Don't miss the opportunity to make this house your new home.

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10649 E Lomita Avenue Mesa, AZ 85209

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New

$635,000

3 Beds

2.5 Baths

2,628 SqFt

Status Active

MLS # 6759011

Property Type Single Family Residence

Price Type --

Gorgeous Home in The Villages of Eastridge! Discover this beautiful 3-bedroom+den(with Murphy bed)2.5-bathroom home offering a versatile floor plan that's perfect for a home office, guest space, or a potential 4th bedroom! Begin your experience by stepping into a private,courtyard. Inside, the expansive eat-in kitchen is a chef's dream, equipped with a sleek induction cooktop, Samsung S/S refrigerator (less than 2 years old), and beautiful quartz countertops. The kitchen flows seamlessly into a formal dining room & family room, creating an inviting space for gatherings and everyday living. This home is filled with custom touches, including fresh interior paint, detailed trim moldings, stylish lighting fixtures, carpet that is less than 2 years old & new exterior paint.Outside see more... your private backyard oasis awaits with a 9-foot Pebble Tec diving pool featuring a fountain, a new turf lawn, a fire pit, and a lockable dog doorperfect for enjoying Arizona's beautiful weather year-round. Upstairs, unwind in the oversized master suite with an en-suite bathroom complete with dual vanities, a large walk-in closet, a separate shower, and a luxurious soaker tub. Two additional bedrooms, a full bathroom, and a cozy loft space provide plenty of room for everyone. Parking and storage are no issue with the extended 3-car garage that comfortably fits a truck, complete with built-in cabinets and a widened driveway slab. The seller also has plans available for converting the third car garage into a casita, offering even more flexibility to suit your needs. Convenient access to the 60 and 202 freeways, and proximity to shopping, movies, and excellent school choices.

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14027 N 32nd Street Phoenix, AZ 85032

Open House

$635,000

4 Beds

3.5 Baths

2,197 SqFt

Status Active

MLS # 6742734

Property Type Single Family Residence

Price Type --

Welcome to this charming Phoenix home! With its inviting curb appeal, RV gate, and delightful fountain, you'll feel right at home from the start. Inside, you'll find stylish wood-look floors and a soothing color palette in a spacious great room featuring a chic chandelier and cozy fireplace. The pristine white kitchen boasts shaker cabinets, stainless steel appliances, a beautiful tile backsplash, quartz counters, and a breakfast bar island. The romantic primary suite offers a walk-in closet and a private bath. Relax on the covered patio with mountain views and entertain in the expansive backyard

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14001 N 57th Street Scottsdale, AZ 85254

Open House

New

$635,000

3 Beds

2 Baths

1,511 SqFt

Status Active

MLS # 6760421

Property Type Single Family Residence

Price Type --

Take a look at this stunning updated gem in 85254! This beautiful home boasts 1,511 sf of living space, offering contemporary living at its finest. As you step inside, you're greeted by an open-concept living area that features a spacious great room, perfect for entertaining. The kitchen is updated with stainless-steel appliances, RO water system, granite countertops, tile backsplash, and ample cabinets and storage space. Enjoy gorgeous LVP flooring throughout the entire house, adding to the sophistication and elegance of this home. All the fixtures have been updated to give the property an updated and polished look. The master suite is spacious, offering a walk-in tiled shower in the bathroom, providing the ultimate relaxation and comfort.

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2112 E Huntington Drive Tempe, AZ 85282

Open House

$635,000

4 Beds

2 Baths

2,436 SqFt

Status Active

MLS # 6750278

Property Type Single Family Residence

Price Type --

Introducing an exceptional opportunity to this rare find, sprawling ranch style home in the heart of Tempe! This well maintained 4 BD, 2 BA slump block property boasts 2436 sq ft of living space, situated on over 1/4 acre lot. As you enter the house you will be greeted with sparkling clean spacious living areas, a split bedroom floor plan, and a handsome fireplace that accents the family room. Retro like new, 1970s oven and range barely look as though they've been used in the large eat in kitchen. The property sports a large RV gate with a cement pad, a beautiful sparkling pebble tec diving pool, artificial turf and an extended covered patio. Surrounded by single level homes, on a private cul-de-sac. Near 101 & 60, lots of entertainment, shopping, dining & ASU. Added bonus, NO HOA!

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4116 E Wagoner Road Phoenix, AZ 85032

Open House

$635,000

5 Beds

2 Baths

2,240 SqFt

Status Active

MLS # 6741473

Property Type Single Family Residence

Price Type --

Fantastic opportunity on this beautiful property! Recently appraised twice, first at $660,000 and second at $650,000. Discover this beautifully remodeled home, where modern elegance meets unparalleled functionality. This property features 5 spacious bedrooms and 2 spa-like bathrooms, offering a blend of style and comfort. The brand-new kitchen shines with quartz countertops and the latest appliances, complemented by a generous laundry room for added convenience. Wooden floors throughout and meticulous tile work in the bathrooms and laundry area accentuate the home's appeal. New windows, interior doors, and elegant pavers in the front, back, and pool areas elevate the property's aesthetic and utility. Unique to this home is an entertainment area with a bar near the pool, designed for memorable parties and gatherings. The expansive backyard serves as a private retreat for relaxation or entertainment,

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1214 W Highland Avenue Phoenix, AZ 85013

$634,999

4 Beds

3 Baths

2,000 SqFt

Status Active

MLS # 6728847

Property Type Single Family Residence

Price Type --

Rare Opportunity to own, live and play in Central Phoenix! This property has it all, completely remodeled throughout with new paint, flooring and new roof; new kitchen cabinets, counters, and hardware; new bathrooms with tile surrounds and new vanities; and all new fixtures and finishes throughout. With NO HOA restrictions and the Central location to uptown Phoenix, all the shopping and dining and transportation, this home is a great rental opportunity as well, for both STR and Traveling Nurses - Furnished Finder! Enter into a beautiful open living and dining space, complete with a breakfast bar island and gourmet kitchen with stainless steel appliances and dry bar area. Exit out to the incredible back yard through the True Arizona Room, complete with oversized porch swing and full elect and all natural light. The back yard is host to great fun and entertainment, with a covered patio and BBQ area, 3 hole putting practice green, sitting area and diving pool! Extra storage and covered exterior spaces as well. The rest of the home offers 4 bedrooms and 3 full baths. one Ensuite includes the indoor laundry complete with washer and dryer, and split floor plan offers a Master Bedroom and 2 bedrooms on the other side of the home. Lots of parking in the driveway for at least 4 cars, great curb appeal and end lot with no east neighbor. The home is complete with furniture and is move in ready, rent ready and even Short Term Rent ready with all of the amenities and furniture that can be negotiated with the purchase of the home! Don't miss the rare, incredible opportunity with endless possibilities!

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11613 S 218th Avenue Buckeye, AZ 85326

$634,999

4 Beds

3.5 Baths

2,313 SqFt

Status Active

MLS # 6741705

Property Type Single Family Residence

Price Type --

Own this remarkable 4-bedroom, 3.5-bath home on a sprawling 1-acre lot! Seller offers a $10k credit with a strong offer. Upon arrival, you'll be welcomed by a 3-car garage, beautiful brick accents, and stunning mountain views. The great room impresses with vaulted ceilings, a neutral color palette, recessed lighting, and stylish wood-look flooring. The chef's kitchen boasts quartz countertops, ample cabinetry with crown molding, tile backsplash, stainless steel appliances, pantry, and a peninsula with a breakfast bar. The spacious main bedroom offers a luxurious ensuite featuring dual sinks, a soaking tub, raindrop shower, and walk-in closet. The expansive backyard offers endless possibilities—create your dream oasis, build equestrian facilities, or park your RV, boat, or extra vehicles.

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35642 N Lodestone Drive San Tan Valley, AZ 85144

$634,995

4 Beds

3 Baths

2,908 SqFt

Status Active

MLS # 6726670

Property Type Single Family Residence

Price Type --

Don't miss this designer appointed quick move in home available! This highly desired Farmhouse elevation home has mountain views and no backing neighbors. The open-concept dining room and great room are easily connected to the kitchen. Highlights of this home include stone grey cabinets, quartz countertops in the kitchen and primary bathroom, Kitchen Aid appliances, cabinets in the laundry room, a generous loft with tile floors, and much more! The home offers endless upgrades that you must see today!

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20218 W Hollyhock Street Buckeye, AZ 85396

$634,995

4 Beds

3 Baths

2,630 SqFt

Status Active

MLS # 6698296

Property Type Single Family Residence

Price Type --

Ease and Elegant design blend beautifully in this ranch-style Pomona plan at our Estates at Arroyo Seco in Buckeye. An inviting great room is at the heart of the open layout, adjacent to a dining nook and a gourmet kitchen showcasing 42'' white shaker cabinets with brushed nickel pulls, quartz countertops, full tile backsplash, GE Plus stainless-steel appliances w/pyramid hood and 36'' gas cooktop, center island with an undermount stainless-steel sink. The impressive primary suite offers a walk-in closet and a private bath that includes dual vanities and a tiled deluxe walk-in shower with rain shower. Three additional bedrooms and two additional bathrooms, a central study and a laundry round out the floor plan, which includes a multi-slide door leading out to a covered patio, a 2-car garage, a 1-car side turn garage, paver driveway and walkway and front yard landscaping. This home also includes 10' ceilings, Two-Tone paint package, Pendant lighting at the kitchen island, 9 x 35 tile flooring throughout with carpet only in the bedrooms, ceiling fan pre-wires at all bedrooms, study, great room and patio, exterior coach lights, pre-plumb sink at the laundry room, garage service door at 2-car garage, gas stub at the patio and soft water loop pre-plumbed in the garage. Located on an 8760 square foot corner lot.

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20223 W Hollyhock Street Buckeye, AZ 85396

$634,995

3 Beds

2.5 Baths

2,390 SqFt

Status Active

MLS # 6698304

Property Type Single Family Residence

Price Type --

Welcome Home to the Estates at Arroyo Seco, our newest Buckeye Community. This Deacon floorplan includes an attached RV garage, plus a tandem two car garage that includes a 220 V 50AMP, pre-plumb for utility sink, soft water loop, garage service door and an RV cleanout. Inside a well-appointed gourmet kitchen with 42'' upper white cabinets, brushed nickel cabinet pulls, quartz countertops, tile backsplash and GE Plus Stainless-steel appliances with a chimney hood and 36'' gas cooktop, includes a walk-in pantry and is flanked by a great room and a dining room with center meet sliding doors leading out to a covered patio. You'll also appreciate the versatile flex-room, two secondary bedrooms with shared access to a full bath with dual vanities, and a primary suite with a private bathroom featuring a deluxe tiled shower with rain shower, dual vanities and ample walk-in closet space. A mudroom and walk-in laundry room round out the interior of the home. This home also includes two-tone paint, 9 x 35 tile flooring throughout and carpet in the bedrooms only. Ceiling fan prewires at all bedrooms, great room, flex room and covered patio; a gas stub at the patio; pre-plumb for a sink at the laundry room; pendant lighting at the kitchen island; exterior coach lights; paver driveway and walkway and front yard landscaping complete the home. This home is situated on an 8760 square foot North facing lot with a double side gate.

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21703 E Roundup Way Queen Creek, AZ 85142

$634,995

4 Beds

2.5 Baths

2,630 SqFt

Status Active

MLS # 6703352

Property Type Single Family Residence

Price Type --

Welcome to Light Sky Ranch! Ease and elegant design blend beautifully in the ranch-style Pomona plan. An inviting great room is at the heart of the open layout, adjacent to a dining nook and a kitchen showcasing a large pantry and a center island. The impressive owner's suite offers a walk-in closet and a private bath with double vanites and an elegant walk in shower. Three additional bedrooms, a central study and a laundry round out the floor plan. Outside, a covered patio, a 2-car garage and a 1-car side-turn garage offers ample storage for vehicles, outdoor gear, and more. With amenities such as a tankless water heater for efficiency and a charming paver driveway, this home seamlessly blends convenience with sophistication.

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