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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4438 N 27th Street Unit 2 Phoenix, AZ 85016

$625,000

2 Beds

2.5 Baths

1,539 SqFt

Status Active

MLS # 6711557

Property Type Townhouse

Price Type --

Experience elegant living in the desirable Biltmore/Arcadia Corridor, where top-notch restaurants and shopping are just a short walk away. This exclusive gated community of 27 homes offers exquisite mountain views, a stunning resort-style pool, a heated spa, and a BBQ area for your enjoyment. Enter through your private courtyard into a formal entry with built in desks. On the main level, you'll find a spacious great room that flows seamlessly to the kitchen and 2 lovely patios, offering breathtaking views of Camelback Mountain. The gourmet kitchen, a chef's dream, features top-of-the-line appliances and ample counter space for all your culinary needs. The generous windows and French doors flood the space with natural light, creating a spacious and airy feeling. Also featuring a powder bath and elegant wood floors. Upstairs you'll find the dual master suites, each designed for ultimate comfort with plush carpeting and luxurious finishes. Other highlights of this stunning home include a 2-car garage and soaring 11-foot ceilings. With a low HERS rating and LED lighting throughout, this home is as energy-efficient as it is luxurious. Don't miss your chance to own this exceptional property, the perfect blend of elegance and convenience!

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1357 W Port A Sail Drive Gilbert, AZ 85233

$625,000

3 Beds

3 Baths

1,797 SqFt

Status Active

MLS # 6741454

Property Type Single Family Residence

Price Type --

This stunning waterfront home in gated community offers breathtaking views with three bedrooms, third bedroom converted to an office, and three full baths. Freshly painted, this two-story residence exudes modern elegance and charm. The gourmet kitchen boasts granite countertops, newer appliances, and opens to a sunlit dining area, perfect for entertaining. The living room, featuring water views and a wood-burning fireplace. Each bedroom serves as a private haven, with the primary suite offering a luxurious en-suite bath. Outside, the beautifully landscaped yard, complete with turf and mature trees, provides the perfect setting for relaxing and enjoying the waterfront lifestyle. 2 A/C units 2020, water heater 2021, kitchen appliances 2021, lighting and house painted 20

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6415 E Montezuma Canyon Road Hereford, AZ 85615

$625,000

3 Beds

2 Baths

2,549 SqFt

Status Active

MLS # 6738357

Property Type Single Family Residence

Price Type --

Spectacular Custom Built, 2,549 sq ft, Three Bedroom/Two Bath Home, with Private 75' Solar heated Salt Water Lap Pool, owned Solar Panels, Hardwood and Tile Flooring throughout, Vaulted Ceilings, and Electric Car Charging Station. Located just down the Road from The Coronado National Monument, with 360 degree Mountain Views, Mature Landscaping and Private Well.

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2217 E Wahalla Lane Phoenix, AZ 85024

$625,000

4 Beds

2 Baths

1,810 SqFt

Status Active

MLS # 6739615

Property Type Single Family Residence

Price Type --

Move-in ready! Beautiful 4-bedroom residence in Mountain Breeze is the one you've been waiting for. Fall in love with an enchanting interior adorned with gleaming wood floors, a fresh soothing palette, dazzling light fixtures, arched doorways, striking vaulted ceilings, & a delightful fireplace. The gorgeous kitchen is fully equipped with white shaker cabinets, a chic tile backsplash, sparkling new SS appliances, quartz counters, a pantry, & a convenient center island. Double doors open to the serene main retreat, comprised of a lavish ensuite with dual sinks, a superb soaking tub, & a walk-in closet. Enjoy hosting memorable get-togethers in the amazing backyard, offering an open patio & breathtaking mountain views! This gem won't disappoint!

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1646 N Chestnut Circle Mesa, AZ 85213

$625,000

4 Beds

3 Baths

2,769 SqFt

Status Active

MLS # 6717351

Property Type Single Family Residence

Price Type --

Nestled at the end of a peaceful cul-de-sac, this remarkable residence offers a harmonious blend of spacious living and unbeatable convenience. Boasting a sprawling lot and an array of coveted amenities, this is the epitome of Arizona living at its finest. Step inside and prepare to be captivated by the warmth and charm that envelops you. The heart of the home is a welcoming living area, featuring a cozy fireplace that invites you to unwind in the evenings. Bathed in natural light streaming through expansive windows, this inviting space is perfect for both relaxation and entertaining. The adjacent kitchen is a chef's dream, equipped with newer appliances and ample cabinet space. Whether preparing a family feast or whipping up a quick snack, this culinary haven is sure to inspire your inner chef. The accommodation is equally impressive, with four spacious bedrooms providing comfort and privacy for all. The luxurious master suite is a serene retreat, boasting a newly remodeled bathroom shower. But perhaps the true highlight of this exceptional home lies outdoors. Step into your own private paradise, where a large fenced-in yard awaits. Perfect for children and pets to play freely, this expansive outdoor space offers endless possibilities for outdoor enjoyment. Cool off on hot summer days with a refreshing dip in the sparkling diving pool, or simply bask in the Arizona sun on the spacious patio. The Arizona room provides the perfect spot for dining or enjoying a leisurely afternoon with loved ones. Conveniently located within walking distance of Chaparral Park and Hale Elementary school, this residence offers unparalleled access to recreational amenities and educational opportunities. With shops, restaurants, and entertainment options just moments away, everything you need is right at your fingertips. Don't miss your chance to experience the ultimate in Arizona living. Come discover the endless possibilities that await in this exceptional oasis!

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22559 E Duncan Street Queen Creek, AZ 85142

$625,000

3 Beds

3 Baths

2,303 SqFt

Status Active Under Contract

MLS # 6741757

Property Type Single Family Residence

Price Type --

Discover this move in ready, single-story home that blends luxury with comfort. Featuring 3 bedrooms, a versatile den, and 3 bathrooms, this residence is perfectly situated on a spacious CORNER LOT. Upon entering, you'll be greeted by elegant grey tile flooring, plush textured carpet in the bedrooms, and chic plantation shutters throughout. The open-concept layout offers a seamless flow, ideal for modern living and entertaining. The bright, airy kitchen is a chef's delight, showcasing an expansive island with bar seating, stainless steel appliances, rich dark cabinetry, granite countertops, and a walk-in pantry. Retreat to the spacious master suite, complete with an impeccable en-suite bathroom featuring a glass walk-in shower, double sinks, and a generous walk-in closet. Step outside through the DOUBLE sliding doors to a stunning backyard oasis. Enjoy the covered patio, a HEATED pool perfect for both summer fun and cozy evening swims, low-maintenance landscaping, great for family gatherings or relaxing while taking in the breathtaking Arizona sunsets. Waiting for you to make it your own, don't miss out on this exquisite gem!

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3918 E Simpson Road Gilbert, AZ 85297

$625,000

3 Beds

2 Baths

2,309 SqFt

Status Active Under Contract

MLS # 6737554

Property Type Single Family Residence

Price Type --

Discover the charm of this 3 bed/2 bath home with den in Gilbert's sought-after Coronado Ranch. Remodeled in 2022, this impeccably maintained home offers a clean contemporary look with thoughtful updates. The kitchen boasts quartz counters, extended height cabinets, and a large walk-in pantry. Wood-look tile floors run throughout with carpeting in smaller bedrooms. Both bathrooms feature new cabinets, counter tops, and walk-in showers with glass doors and rain shower heads. The backyard is perfect for entertaining with covered patio, built-in BBQ, fireplace & pool. Enjoy nearby community parks & splash pad, A+ rated schools, and convenient access to shopping & dining. Gilbert Regional Park is nearby featuring concerts, play areas, pickle ball and more! Come see it today!

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4847 E Dallas Circle Mesa, AZ 85205

$625,000

5 Beds

3 Baths

2,556 SqFt

Status Active Under Contract

MLS # 6747660

Property Type Single Family Residence

Price Type --

Well established quiet neighborhood in North Mesa. The location is incredible and convenient -- close to restaurants, shopping, and daily needs. Now on to the property! This lot in Stonecrest is a stunner! Backs to the greenbelt and canal, so no rear neighbors, nestled within a cul de sac, massive diving pool, room for all your toys through the RV gate and NO HOA! Home features vaulted ceilings, 5 bedrooms (2 downstairs and 3 - including primary - upstairs) and 3 bathrooms. COOLED garage with its own mini-split, a 220, and beautifully epoxied floors. NEW roof in 2024, NEW AC & HWH in 2023, Water softener, RO line, solid oak doors, new lighting fixtures throughout, Emtrek door hardware, smart cameras/doorbell, shed has power and is ready for you to install a mini-split! Come SEE!

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26563 W Cat Balue Drive Buckeye, AZ 85396

$625,000

2 Beds

2 Baths

2,337 SqFt

Status Active

MLS # 6739292

Property Type Single Family Residence

Price Type --

Don't miss this Stunning Serenity model on a Premier Golf Course Lot with beautiful lake mountain views! Entering through a charming gated front courtyard, you will notice the custom security glass/screen door. This amazing home features an open layout with Tres ceilings, elegant luxury vinyl plank wood look flooring, custom shutters and top-down bottom-up shades. A gourmet kitchen with SS appliances, quality granite, large island w/seating, wall mount oven, hooded cooktop, marble tile backsplash, lighted cabinets with glass doors. Private master suite with added bay window, spacious tile shower, granite counters and large walk-in closet. Guest room with an adjacent bath. Flex room which could be a 3rd bedroom. Den, laundry with sink, tankless water heater, extended patio, see list in documents tab.

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18813 W Solano Drive Litchfield Park, AZ 85340

$625,000

5 Beds

3 Baths

2,925 SqFt

Status Active

MLS # 6754140

Property Type Single Family Residence

Price Type --

Stunning home built in 2022 with $65k+ in upgrades , features 5 bedrooms 3 baths , 1 bedroom downstairs and 4 upstairs , gourmet kitchen , electric fireplace ,electric blinds MUST SEE TO APPRECIATE, some upgrades are built-in kitchen package with gas cooktop, cabinet package,Granite,backsplash,front door ,bath vanities, ceiling fans prewire, carpet/pad/tile,extended covered patio just to name a few

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29550 N 113th Lane Peoria, AZ 85383

$625,000

4 Beds

3.5 Baths

3,041 SqFt

Status Active Under Contract

MLS # 6752867

Property Type Single Family Residence

Price Type --

Introducing this beautiful two-story residence in Vistancia Village! The façade displays a 2-car garage, manicured landscape, and a cozy front porch. Perfectly flowing open floor plan will surely impress you with wood-look tile flooring, bountiful natural light, and pre-wired surround. In the kitchen, you will have a pantry, granite counters, recessed & pendant lighting, staggered white cabinets with crown moulding, SS appliances, a prep island with a breakfast bar, and stacked stone backsplash. Flexible loft is ideal for an entertainment area. Discover the carpeted primary retreat featuring an ensuite with two vanities and a walk-in closet. PLUS! 2nd main bedroom also includes a bathroom. Venture to the spacious backyard, offering a covered patio and paver seating area. Act swiftly!

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1060 S Redberry Drive Show Low, AZ 85901

$625,000

3 Beds

2.5 Baths

1,791 SqFt

Status Active

MLS # 6691403

Property Type Single Family Residence

Price Type --

3 bed, 2.5 bath, living room, fire place, dining area, kitchen, LG appliances, kraftmaid cabinets, laundry with sink, solid wood oak/tile floor, 2 car garage, front porch, back patio, single level on a slab, metal roof, gutters

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