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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3649 E Cody Avenue Gilbert, AZ 85234

$625,000

4 Beds

2 Baths

1,884 SqFt

Status Active

MLS # 6753565

Property Type Single Family Residence

Price Type --

Your beautifully REMODELED 4 bedroom home w/ a POOL in Carol Rae Ranch is now for sale! Inside you will find spacious dining & living areas, luxury vinyl flooring, graceful archways, and neutral palette throughout. The fabulous kitchen is comprised of ample cabinetry w/ample counter space, a pantry, stainless steel appliances, and an island complete w/a breakfast bar. Double doors open up to the primary bedroom, boasting a walk-in closet and a private ensuite w/dual sinks. This home also features a water softener! Finally, the lovely backyard includes a covered patio and a fenced pool perfect for the warm summer days! THIS IS HOME, make it your first stop!

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6940 E Cochise Road Unit 1016 Paradise Valley, AZ 85253

$625,000

3 Beds

3 Baths

1,937 SqFt

Status Active

MLS # 6754436

Property Type Townhouse

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Stunning 3 bed/3 bath townhome w/ 2-car garage in the gated community of Sandalo. Enjoy 3 levels of thoughtfully designed living space. First level features guest suite w/ full bath, laundry and private courtyard. Second level offers a spacious great room w/ high ceilings and 2 balconies, creating an open and airy feel. Kitchen boasts modern style cabinets, SS appliances, gas range and walk-in pantry. Third level features spacious primary bedroom w/ full bathroom, walk-in closet and private balcony. Additional upstairs bedroom has en suite bathroom. Ideal upstairs flex space separates bedrooms for added privacy. Resort-style community heated pool & spa w/ BBQ area. Within Scottsdale's '3Cs' schools. Perfectly located between Old Town and Kierland just steps from restaurants and shops.

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2475 N 163rd Drive Goodyear, AZ 85395

New

$625,000

2 Beds

2 Baths

2,088 SqFt

Status Active

MLS # 6759367

Property Type Single Family Residence

Price Type --

This fabulous 2 bed/2 bath residence now on the market is for you! Featuring great curb appeal, a low-care landscape with mature shade tree, and a 2 car + golf cart garage. A spacious open floor plan w/elegant wood plank flooring, formal dining area, a 2-way fireplace, and neutral palette throughout. The gorgeous kitchen is comprised of wood cabinetry w/granite counters, a pantry, brand new SS dish-washer/gas stove top-oven. Newer ''Samsung Bespoke ''refrigerator, new pen lighting & recessed lighting, completes the breakfast bar. You'll love the primary bedroom, with a walk-in closet and an esuite w/dual sinks. You'll also find a cozy open den/sitting room! Finally, the lovely backyard includes a covered patio, extended paver seating area, a built-in BBQ, gas fire pit and fountain.

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6502 N Central Avenue Phoenix, AZ 85012

$625,000

2 Beds

2 Baths

1,880 SqFt

Status Active

MLS # 6757231

Property Type Apartment

Price Type --

This beautiful mid-century penthouse, designed by renowned architect Starkovich, seamlessly blends historic charm with modern living. Situated along the iconic, tree-lined Central Ave in one of Phoenix's most sought-after neighborhoods, this original 2-bedroom, 2-bathroom home boasts breathtaking north-facing views of Piestewa Peak and stunning sunsets, framed by an impressive wall of windows. Just steps away, the scenic Murphy Bridal Trail offers a perfect escape for hiking enthusiasts and nature lovers. Bathed in natural light, the bright and airy interior creates an inviting atmosphere. The spacious great room is perfect for hosting gatherings or simply enjoying a peaceful morning coffee as the sunrise fills the space with warmth and light.

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917 W Landmark Trail Payson, AZ 85541

$625,000

3 Beds

2 Baths

1,893 SqFt

Status Active

MLS # 6757487

Property Type Single Family Residence

Price Type --

**Spacious 3-Bedroom Home with RV Parking & 3-Car Garage in Payson!** This 1,893 sq. ft. home sits on a LARGE DOUBLE LOT with RV parking access from the rear street. It features 3 bedrooms, 2 baths, 2 walk in closets in Primary ,vaulted ceilings, and a cozy gas fireplace. The kitchen includes a gas stove, and recent updates include a new electric water heater, A/C, and mini-split system. The versatile room addition can be used as an office, game room, or extra bedroom. Outside, enjoy a park-like yard, perfect for relaxation. The home also offers a 3-car garage w Storage cabinets. Don't miss this opportunity!

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4318 E Dennisport Avenue Gilbert, AZ 85295

$625,000

3 Beds

2.5 Baths

1,862 SqFt

Status Active Under Contract

MLS # 6752323

Property Type Single Family Residence

Price Type --

Welcome to this beautifully upgraded 3-bed, 2.5-bath home in Cooley Station! This home comes with upgraded options galore! With stone accents, artificial turf, and a paver driveway, the curb appeal is fantastic. Inside, you'll find an open layout with stylish fixtures, natural light, and wood-look tile flooring, paired with Berber carpet in the bedrooms. The gourmet kitchen boasts granite countertops, white cabinets, a pantry, a prep island with a breakfast bar, and high-end stainless steel appliances with a gas cooktop. The primary suite features a walk-in closet and an ensuite with dual sinks and a large shower. The backyard offers an extended paver-covered patio, perfect for entertaining. Tons of upgrades throughout—details in the documents section! Don't miss out on this gem!

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1526 W Boa Vista Drive Gilbert, AZ 85233

$625,000

3 Beds

2 Baths

2,057 SqFt

Status Active

MLS # 6756728

Property Type Single Family Residence

Price Type --

WOW... amazing 3bed/2bath in the Islands. This home is ANYTHING BUT ''cookie cutter'' and exudes charm. Great split floor plan with open concept family room/dining/ kitchen. Huge master suite and adorable backyard. The long list of top quality upgrades were done for owner enjoyment: new HVAC, exterior doors, smart lighting and fans and master carpet, fantastic laundry with new washer and dryer. The windows were replaced in 2020. Although this home was NOT a flip, it has all the big and small ticket items and won't be here long. The property just needs family.

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2825 N 42nd Street Unit 8 Phoenix, AZ 85008

$625,000

3 Beds

3.5 Baths

2,229 SqFt

Status Active

MLS # 6749989

Property Type Single Family Residence

Price Type --

Welcome to Edgemont 12! A perfectly located urban oasis for the on the go Phoenician! This delightful 3-level residence offers modern style, luxury, and convenience! You'll be delighted by the open floor plan on all levels. Featuring a soothing custom color palette, recessed lighting, blinds for privacy, and elegant wood-look flooring. The gourmet kitchen features granite counters, abundant white shaker cabinetry, contemporary track lighting, and sleek SS appliances. Upstairs, the main bedroom includes plush carpeting, an ensuite with dual sinks, and a walk-in closet. The third floor has a sizeable loft, perfect for an office, media room, or additional living space. Venture out onto the balcony to enjoy fresh air and serene views of Camelback Mountain. Park your vehicles and toys in the large two stall attached garage. The community features a pool for those hot summer days and a small dog park for your fury friends. Located within walking distance to some of the best dining in town and minutes to Sky Harbor airport, downtown Phoenix, hiking, biking, golfing and all the other amazing things Phoenix/Scottsdale has to offer. Don't miss this one!

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321 W Palo Verde Street Gilbert, AZ 85233

New

$625,000

4 Beds

3 Baths

2,090 SqFt

Status Active

MLS # 6759949

Property Type Single Family Residence

Price Type --

**Distinctive character and unique SW design on preferred N/S lot ideally situated close to downtown Gilbert!!**Beautifully updated 4 bedrooms with private bath off guest room + additional bonus/media room.**Practical stained concrete flooring throughout, freshly painted with newer light fixtures and ceiling fans and gas fireplace.**Well-planned kitchen with Brazilian Quartzite countertops, custom cabinetry, huge island/breakfast bar & double French patio doors.**Additional amenities include RV gate w/concrete pad, sliding barn door in master suite, stackable washer & dryer, reverse osmosis, soft water and refrigerator!!**Private backyard with no rear neighbors, extended covered patio, shed and lush, mature landscaping.**

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8133 E Sunwing Ridge Drive Hereford, AZ 85615

$625,000

4 Beds

4 Baths

2,700 SqFt

Status Active

MLS # 6757370

Property Type Single Family Residence

Price Type --

Welcome to your dream rural retreat! This stunning 4-bedroom, 3-bathroom home boasts 2,361 sq ft of open southwest-style living space, plus a separate app. 320 sq ft spa room complete with a private bathroom. Cook gourmet meals in the state-of-the-art kitchen featuring custom cabinets, granite countertops, and a double island seamlessly integrated into the open floor plan. Set on 3.34 acres with breathtaking panoramic views of the grassland and mountains, this property offers tranquility and space for all your needs. The expansive rear patio in a courtyard setting is perfect for entertaining or enjoying a quiet evening under the stars. Animal lovers will appreciate the separately fenced area at the rear of the home. For car enthusiasts, there's plenty of space in the 5-car garage

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42176 W Cactus Flower Drive Maricopa, AZ 85138

$625,000

3 Beds

2.5 Baths

2,325 SqFt

Status Active Under Contract

MLS # 6748268

Property Type Single Family Residence

Price Type --

Highly upgraded home on the water in the Award-Winning Active Adult Community of Province! Enter your new Tuscan-style home thru an impressive gated courtyard paved in travertine. Entertain your guests in style on no-expense spared backyard oasis w travertine thruout, backyard kitchen, 2 pergolas, walkway to lower water-side area w gas firepit. Hot tub included! Side garden has 3 fruit trees. Fenced to the water. Chef's kitchen/dining rm has gorgeous pendants and chandeliers, granite, under-lighted cabinetry, Kitchen-Aid appliances, soft-close drawers & pull-out shelves, painted accent walls, remote-controlled silhouette shades. Owner's suite is spacious and features a french door to the patio. Wake up to the beautiful water views thru the lg bay window. Lg walk-in closet, dual vanities. Extended length epoxy Garage floor. garbage keeper on side of house w side-door. Enjoy the good life at Province! Walking paths, lakes, pickleball, tennis, bocce, putting green, clubhouse features lg card rm, billiards, library, cafe, crafts, lap pool, media center. ballroom has regular dances, tribute shows. Resort-style outdoor pool and hot tub.

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11270 S Indian Wells Drive Goodyear, AZ 85338

$625,000

4 Beds

2 Baths

2,488 SqFt

Status Active

MLS # 6750854

Property Type Single Family Residence

Price Type --

Welcome to Beautiful Estrella Mountain Ranch! This amazing 4 bed/2 bath home is nestled on a quiet st close to the Yacht Club on North Lake providing both opportunity for adventure and the serenity of your own private oasis. As you enter the home you will see no expense was spared in designing this home. The kitchen includes extended rye colored maple cabinets and quartz counter tops. Enjoy a quiet evening sitting by the custom built fireplace w/elegant lighting. The primary bdrm has been updated with a decorative acoustic wall and the home boasts engineered wood laminate floor throughout! Start your morning on your patio watching the sunrise over the desert greenspace while listening to the sound of water splashing against the rock accent in your stunning pool! Welcome to Your New Home!

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