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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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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21771 E Roundup Way Queen Creek, AZ 85142

Open House

$634,995

3 Beds

2.5 Baths

2,390 SqFt

Status Active

MLS # 6702179

Property Type Single Family Residence

Price Type --

Welcome to Light Sky Ranch and the Pinecrest plan! This home is 2390 square feet of meticulously crafted living space. With three bedrooms, two and a half baths, and a dedicated study, every corner of this home is designed with purpose. The gourmet kitchen stands as the heart of the home, boasting quartz countertops, upgraded shaker cabinets, and a central island that doubles as a culinary hub and gathering place. The owner's suite is a serene haven, featuring dual closets, a lavish soaking tub, and the added convenience of a private door leading to the covered patio. Outside, both a single-car garage & a 2-car garage offer ample storage for vehicles, outdoor gear, and more, ensuring both convenience and practicality. With amenities like a tankless water heater for efficiency and a charming paver driveway, this home harmoniously blends convenience and sophistication.

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21841 E Saddle Court Queen Creek, AZ 85142

$634,995

5 Beds

3 Baths

3,100 SqFt

Status Active

MLS # 6708989

Property Type Single Family Residence

Price Type --

The main floor of the Yorktown was designed for entertaining, offering an expansive great room, an open dining room overlooking a covered patio and backyard and a well-appointed kitchen with a large center island. The garage leads to a convenient mudroom with walk-in closet and 3/4 bathroom. On the second floor, there's an immense loft surrounded by three bedrooms, a shared bath, a laundry room and a primary suite with its own bath and spacious walk-in closet.

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32018 N 117th Avenue Peoria, AZ 85383

$634,990

4 Beds

3 Baths

2,012 SqFt

Status Active

MLS # 6755506

Property Type Single Family Residence

Price Type --

Larkspur - 4 bed/3 full baths. Stainless steel gas appliance package with 36'' cooktop, wall oven, microwave, glass canopy hood. Sonoma Maple Linen-off white cabinets with black hardware, 42'' kitchen uppers. Upper and lower cabinets at owner's entry, and cabs in laundry room. AZT Steel gray granite tops in kitchen and all baths. Upgrade flooring - Mohawk Wood laminate Driftwood in all areas except beds & closets and so much more. Amenity Rich Mystic includes a Resort Style community pool, Rec center with year-round events, Hiking paths & community parks. The perfect location- close to shopping, restaurants, golf, Lake pleasant and the loop 3.

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16683 W Saguaro Park Lane Surprise, AZ 85387

$634,990

4 Beds

3 Baths

2,605 SqFt

Status Active

MLS # 6745142

Property Type Single Family Residence

Price Type --

Up to 3% of Base Price or total purchase price, whichever is less, is available through preferred lender.'' Discover the sophistication of the Coventry floorplan, offering 4 bedrooms, 3 baths, and an additional kitchen with living space. Noteworthy structural details include a step-free shower, 8' interior doors, and a spacious 3-car garage. The home is further enhanced with built-in appliances, quartz kitchen countertops, a gas-ready kitchen, a BBQ-ready backyard, and a laundry area equipped for a gas dryer.

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11459 E Utah Avenue Mesa, AZ 85212

$634,990

3 Beds

2.5 Baths

2,702 SqFt

Status Active

MLS # 6749624

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 and 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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11506 E Utah Avenue Mesa, AZ 85212

$634,990

4 Beds

3.5 Baths

2,615 SqFt

Status Active

MLS # 6728747

Property Type Single Family Residence

Price Type --

Welcome to the Garnet at Destination at Gateway in Mesa, Arizona. This stunning single-story home boasts 4 bedrooms, 3.5 bathrooms, and a den. With 10-foot ceilings and 8-foot doors, the space feels open and inviting. The gourmet kitchen features GE stainless steel appliances, a 36-inch gas cooktop, built-in wall oven and microwave, shaker cabinets with hardware, quartz countertops, and a tile backsplash. Enjoy 6x36'' wood-look tile in the main areas and upgraded carpet elsewhere. A 4-panel sliding glass door connects the great room to a covered patio. The primary bathroom includes a separate shower, soaking tub, dual sinks, and vanity. Bathrooms have upgraded vanity lighting with matte black faucets and fixtures.

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