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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15743 W Sierra Street Surprise, AZ 85379

$630,000

5 Beds

3.5 Baths

4,035 SqFt

Status Active

MLS # 6701423

Property Type Single Family Residence

Price Type --

This impeccably upgraded home features freshly painted walls and new carpeting, enhancing its already charming appeal. From the stylish tile, cabinets, and granite countertops to the welcoming loft and game room, every detail exudes modern elegance. The master bedroom boasts luxury amenities, including a separate large tub and shower, double sinks, and not one, but two master closets. Additionally, there's a cozy den, perfect for relaxation or work. The expansive formal dining area adds to its allure. With its refreshed interiors and upgraded features, this home offers a perfect blend of comfort and sophistication for tenants to enjoy.

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831 E Wagoner Road Phoenix, AZ 85022

$630,000

4 Beds

2.5 Baths

2,226 SqFt

Status Active

MLS # 6753107

Property Type Single Family Residence

Price Type --

Welcome to this gorgeous 4-bedroom, 2.5-bath, two-story home nestled on a desirable N/S exposure lot in North Point Crossing, offering breathtaking mountain views, a sparkling blue pool, and a 3-car garage. Located just minutes from Desert Ridge and North Scottsdale, you'll have access to fantastic restaurants, premier shopping, entertainment, and the Mayo Clinic. This home truly has it all! Inside, you'll love the spacious layout featuring vaulted ceilings, luxury wood-like plank flooring in the formal living room and great room, oversized ceramic tile in the kitchen and baths, and new plush carpeting in all bedrooms, combining elegance with comfort. The updated gourmet kitchen is a chef's dream, showcasing matching LG appliances, stunning granite countertops, a stylish glass-tile backsplash, and a center island that opens to a bright dining nook, surrounded by bay windows. The adjacent great room boasts a cozy fireplace, perfect for gathering on cooler nights. Step outside to your resort-style backyard, complete with a refreshing pool, low-maintenance synthetic turf, and a decorative stamped concrete extended patioideal for relaxing or hosting family and friends. Upstairs, the luxurious primary suite offers a private balcony with picturesque mountain views. The ensuite bathroom features dual sinks, a glass-enclosed walk-in shower, a separate garden tub, a private toilet, and a spacious walk-in closet. The upper level is completed by three additional bedrooms and a full guest bath with dual sinks. Additional highlights include a new roof installed in 2022 and updated pool equipment in 2023. Plus, easy access to multiple freeways ensures convenient commuting. Don't miss the chance to make this stunning home your own - submit your offer today!

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1731 W Cathedral Rock Drive Phoenix, AZ 85045

New

$630,000

4 Beds

2 Baths

2,050 SqFt

Status Active

MLS # 6759416

Property Type Single Family Residence

Price Type --

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4407 E Gold Poppy Way Phoenix, AZ 85044

$630,000

4 Beds

3 Baths

2,432 SqFt

Status Active

MLS # 6748634

Property Type Single Family Residence

Price Type --

Welcome to Mountain Ranch Estates, where this beautifully upgraded 2-story home offers the perfect blend of luxury and comfort. Featuring 4 spacious bedrooms and 3 full baths, this residence is designed for modern living. Enjoy the elegance of plantation shutters throughout, adding a touch of timeless sophistication. The gourmet kitchen and living areas have been recently updated, creating a fresh and contemporary atmosphere. The home boasts a 3-car garage, ideal for extra storage or a workshop. Step outside to your private oasis with a sparkling pool, perfect for Arizona summers. Situated in one of the few Ahwatukee neighborhoods with natural gas, this home is a rare find.

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5993 S Rockwell Court Gilbert, AZ 85298

$630,000

4 Beds

2 Baths

2,348 SqFt

Status Active

MLS # 6748295

Property Type Single Family Residence

Price Type --

Welcome this beautiful home in the highly sought-after Shamrock Estates! This single-story home is perfectly situated on a premium oversized lot that offers an abundance of privacy, backing up to a serene greenbelt. Located on a quiet cul-de-sac street with a small community park right behind, this home provides a peaceful and family-friendly environment. Boasting 2,348 square feet of thoughtfully designed living space, this 4-bedroom, 2-bath home includes a versatile den, perfect for a home office or additional guest room. The open great room layout is ideal for entertaining, featuring stunning granite countertops, upgraded cabinets, and stainless steel appliances. The low-maintenance backyard is perfect for relaxation and play, with a combination of pavers and grass. Located in a desirable neighborhood, Shamrock Estates is known for its excellent community atmosphere and proximity to top-rated schools, including Chandler Traditional Academy. Amenities include children's play area, basketball and volleyball courts, BBQ area and walking paths throughout the community. Don't miss out on the opportunity to own this exceptional home in one of the best locations in the area.

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1161 N Cole Drive Gilbert, AZ 85234

New

$630,000

4 Beds

2 Baths

2,074 SqFt

Status Active

MLS # 6758696

Property Type Single Family Residence

Price Type --

Welcome to this stunning 4-bedroom home in the highly desirable Carol Rae Ranch Community! With fantastic curb appeal, a NEW ROOF and NEW HVAC this home is sure to impress from the moment you arrive. Inside, you'll find a spacious, open layout featuring new wood-look tile flooring throughout, new plush carpet in all the right places, and new paint. The kitchen is a chef's delight with granite countertops and plenty of space for entertaining. Enjoy comfort for the entire family with a split floor plan and generous sized rooms. The outdoor space is a true retreat, featuring a lush green yard perfect for relaxing or hosting gatherings. Plus, with only one neighboring home on the side, you'll enjoy extra privacy! Located in a community with parks, walking trails, and more, this home is the perfect blend of comfort, convenience, and charm. Don't miss your chance to call this treasure your own!

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12017 N 55th Place Scottsdale, AZ 85254

$630,000

2 Beds

2 Baths

2,000 SqFt

Status Active

MLS # 6736992

Property Type Townhouse

Price Type --

This beautiful townhome in the Orange Tree Villas community is the perfect place to call home. Convenient location to ReImagine PV Upscale Restaurants & shops you'll have everything at your fingertips. The 2000 sq ft townhome features 2 bedrooms , an office/den, & 2 Baths, all remodeled with updated kitchen and baths. The courtyard & backyard covered patio provide the perfect space for entertaining, with mature landscaping for added privacy. The owner thought of everything, including updated windows for quiet living environment. The magic zip code 85254 adds to the appeal of this home, making it highly sought-after location. Additionally, the community pool& jacuzzi with Ramada is the perfect spot to entertain guest. Pvt courtyard off of kitchen for morning java Don't miss out on this fantastic opportunity to live in luxury in Orange Tree Villas

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2246 N Evergreen Street Phoenix, AZ 85006

$630,000

3 Beds

3 Baths

1,812 SqFt

Status Active

MLS # 6722397

Property Type Single Family Residence

Price Type --

Welcome to one of the most unique, uber cool, versatile, charm and light-filled homes inside Coronado Historic District! Adjacent to the Oak St bike path and one block from Sunshine Market, the Oak Street Alley Mural, Dark Hall Coffee and The Coronado restaurant, this larger, rare, retro 3 bedroom, 3 bath bungalow is perfectly located within the friendly, walkable community. The entry and living room area features dual skylights, vaulted ceilings, partially open vintage pink tiled kitchen, a formal dining room space, magical window box in which herbs and houseplants thrive, newer tiled flooring, and plenty of cabinetry storage. The secondary bedrooms are larger, and the guest bath is right out of home and gardens circa 1975, with diagonally laid wood paneling, added vanity and full shower with skylight for a beautiful architectural impression. One of the secondary bathrooms functions as a dual master bedroom with its own en-suite bath, reading nook, and walk-in closet. The centerpiece of the home is a theatre room style den with open beam style design, and beautiful garden views from the wall of North facing windows - this room truly makes the house! The master bedroom functions as a dual purpose guest space, with its own kitchenette, 3/4 bath, stacked washer and dryer, and dedicated access to the rear yard with a two car garage. Additional features include a newer HVAC (2019), newer sewer line, upgraded insulation in the attic, and plenty of storage t/o. This is a rare home of over 1800 sf, well located within a midtown Phoenix neighborhood where you'll have a strong sense of community, walkability, shaded grassy front yard, and easy access to shopping and services, all close to event-filled, growing downtown Phoenix. Don't miss it!!

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2740 S Pleasant Place Chandler, AZ 85286

$630,000

4 Beds

3 Baths

2,350 SqFt

Status Active

MLS # 6744938

Property Type Single Family Residence

Price Type --

Fabulous 4 bedroom/3 bath home in the popular Chandler community of Carino Estates. Soaring ceilings & a beautiful wood staircase greet you as you enter. Formal living & dining rooms provide a perfect space for entertaining while the large family room is great for relaxation. Any chef would love the kitchen that boasts a plethora of upgraded cabinets, granite countertops with tile backsplash, pendant & recessed lighting, an island, breakfast bar and even a breakfast nook. The downstairs bedroom & full bath is a great space for guests. Upstairs you find the large master suite featuring a walk-in closet, separate tub & walk-in tiled shower, double sinks, his & hers closets & a sitting room that could double as an office or nursery. 2 additional bedrooms and another full bath can also be found upstairs. The back yard is a true private oasis with its covered patio, lush vegetation, large grassy yard & backing to the greenbelt so there are no neighbors directly behind. The 2-car garage and extended driveway provide plenty of parking and the RV gate leads to another concrete pad where you could park your toys. Located in a great community close to the 202 & 101 freeways and downtown Chandler with all its dining & shopping venues.

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6565 E Thomas Road Unit 1119 Scottsdale, AZ 85251

$630,000

3 Beds

2 Baths

1,569 SqFt

Status Active

MLS # 6720107

Property Type Townhouse

Price Type --

Modernly remodeled, newer built townhome IN the HEART of it all AND has it all! 3 beds, 2 baths, an open, split floorplan, elegant white marble-tile throughout, it has an entertainers delight kind-of-feel w/ a grand kitchen, extra wide island & sink, stunning white/gray/black granite countertops, classic gray tiled backsplash & flat white wood cabinetry. Light & bright with updated lighting, crystal chandeliers & ceiling fans in every room. Chill outside on your 2 private balconies, keep 2 cars cool in your garage. Diamante is a gated community with a huge sparkling pool- heated in the wintertime & always hot jacuzzi. Close to Old Town Scottsdale restaurants, bars & shopping, airport, 3 major freeways, golf, hiking mountains, Spring Training, Phx Open, Barrett Jackson & other AZ events.

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4525 E La Mirada Way Phoenix, AZ 85044

$630,000

4 Beds

3 Baths

2,250 SqFt

Status Active

MLS # 6733584

Property Type Townhouse

Price Type --

Why drive to your next hike or ride? Live tucked in the hills of 16,000-acre South Mountain Park, with over 100 miles of pathways. Access the trailhead right at the corner of your cul-de-sac. Your next home is also nestled with Arizona Grand Golf Course, so your sunset strolls come with a green oasis. The Pointe is truly resort-like living 365 days a year. You can relax in your private pool or head to one of 4 community swim spots. Like to work out? Arizona Grand Athletic Club is 20,000 sf of the latest in fitness & it's right around the corner. When it comes time for work, The Pointe has great access to freeways, including their own gate that only homeowners can use to bypass traffic. This enclave allows you to be close to it all yet surrounded by views. The vistas are calling you!

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5966 W Aurora Drive Glendale, AZ 85308

$630,000

4 Beds

3 Baths

2,676 SqFt

Status Active

MLS # 6679878

Property Type Single Family Residence

Price Type --

Freshly Painted!! Amazing 4-bed, 3-bath home in the highly sought-after Arrowhead Ranch New Legends Community! Come inside to a graceful entryway, a dramatic spiral staircase, & elegant chandeliers. Hardwood floors, high ceilings & plantation shutters. accentuate the formal dining/living room. Gas fireplaces in the family room & loft for make those cozy memories with the family magical. Kitchen has built-in appliances, a center island, and a breakfast bar with granite counters . The spacious master bedroom boasts high vaulted ceilings, & the master bath w/dual sinks, seperate tub and shower & walk-in closet. Bedroom & bathroom downstairs convienience for the guests! Peaceful backyard offers a covered patio, and shade trees.

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