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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2132 Quail Court Page, AZ 86040

$625,000

4 Beds

4 Baths

2,358 SqFt

Status Active

MLS # 6699099

Property Type Single Family Residence

Price Type --

Welcome to your dream home! This charming Santa Fe-style abode boasts 4 beds and 4 baths, perfect for your family's comfort. With a spacious two-story layout, every corner exudes warmth and character. Hard flooring throughout ensures easy maintenance, while granite countertops elevate the kitchen and bathrooms with timeless elegance. Embrace the Southwest vibes and make cherished memories in this inviting sanctuary.

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22915 E Estrella Road Queen Creek, AZ 85142

$625,000

3 Beds

2 Baths

1,814 SqFt

Status Active Under Contract

MLS # 6706234

Property Type Single Family Residence

Price Type --

Excellent opportunity in the highly sought after Queen Creek community of Spur Cross! This 3 bedroom, 2 bathroom almost 1,900 Sf. home offers a ton of extras, including a 45' RV garage! Spacious layout boasts neutral two-tone paint, as well as plank tile throughout the entire home. Lutron smart lighting, built in surround speakers in living room and patio, smart thermostat and LED lighting under cabinets in kitchen and much more! Kitchen offers white/grey calacatta gold quartz countertop with white cabinets and farmhouse pendant lights. Large kitchen island with breakfast bar overlooking great room - perfect for entertaining. Master bedroom offers walk-in closet, dual sinks and stone-tiled master shower with frameless doors. Beautiful backyard with heated pool, fake turf and gazebo!

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4284 E Erie Street Gilbert, AZ 85295

$625,000

4 Beds

4.5 Baths

3,168 SqFt

Status Active

MLS # 6732241

Property Type Single Family Residence

Price Type --

Gorgeous Mediterranean Style 3,168 Sq Ft Home. Built in 2017 in an Upscale Gilbert Community. Low Maintenance Lot Features Artificial Turf, Rock Landscape, & Pavers. The First Floor Features Spacious Open Living Space for a Game Room/Den with a Half Bath, Patio Access, and 2-Car Garage with Included Water Softener. The Mid-Level 2nd Floor Features Very Large Open Floor Plan with Spacious Living Room, Huge Gourmet Kitchen, Breakfast Bar, Dining Area with Double Patio Doors Opening to Large Balcony. The Mid-Level also has a Bedroom, Full Hall Bath & Laundry Room. The Top-Level 3rd Floor Features the Owner's Suite with Large Primary Bedroom, Spa Inspired Bathroom & Walk-In Closet. Top-Level Also has 2 Junior Suites with Private Bathrooms. Enjoy the Community Pool, Park & Basketball Court. Shop & Dine at Cooley Station, Verde and Upscale Santan Village.

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8270 N Hayden Road Unit 2037 Scottsdale, AZ 85258

$625,000

2 Beds

2 Baths

1,640 SqFt

Status Active Under Contract

MLS # 6697274

Property Type Townhouse

Price Type --

** SELLER OFFERING a $10,000 CONCESSION TO BUYER !! ** -- Location, location, LOCATION! This is a rare opportunity to own property in the heart of McCormick Ranch! This 2/2 unit is one of only a few that have a bonus LOFT & second balcony w/ peekaboo views of Marguerite Lake. Complete new interior paint & all new carpet. Light & bright w/ vaulted ceilings & a gas fireplace in the great room. Main covered patio is off main living area. The community is gated, quiet & pristine w/ endless walking trails & direct lake access. Beautiful community pool & spa as well. Best of all, you are just STEPS from two Mercados with some of Scottsdale's most popular restaurants & shopping. Also in an incredible school district! This unit has it all...Welcome Home!

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20329 E Mockingbird Drive Queen Creek, AZ 85142

$625,000

3 Beds

2.5 Baths

2,320 SqFt

Status Active Under Contract

MLS # 6718384

Property Type Single Family Residence

Price Type --

Welcome to your dream home in beautiful Queen Creek! This stunning SINGLE LEVEL home offers a perfect blend of comfort and style, featuring 3 spacious bedrooms, 2.5 bathrooms, and a versatile den, ideal for a home office. Step inside to discover an open floor plan with luxurious granite countertops, a gas cooktop, and a custom fireplace with an elegant mantle. The kitchen is a chef's delight, complete with ample cabinet space and MODERN appliances, ensuring all your culinary needs are met. The Jack and Jill bathroom provides convenient access between two of the bedrooms, making it perfect for families or guests. Additional STORAGE throughout the home ensures you have plenty of space for all your belongings. Outside, you'll find a backyard oasis with a sparkling POOL, mature trees, and LUSH plants, and low maintenance TURF, creating a serene retreat for relaxation and entertaining. The pergola offers a shaded area for outdoor dining or lounging, making it a perfect spot for enjoying Arizona's beautiful weather. This home is located in a vibrant community that boasts a pool, parks, and bocce ball courts, offering endless opportunities for recreation and socializing. You'll also appreciate the convenience of being close to all the new shopping and dining options in Queen Creek, making it easy to enjoy everything this growing area has to offer. Don't miss the chance to make this exceptional home your own. Schedule a showing today and experience the perfect combination of luxury, comfort, and convenience!

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5857 S Feliz -- Mesa, AZ 85212

$625,000

5 Beds

3 Baths

2,371 SqFt

Status Active

MLS # 6729988

Property Type Single Family Residence

Price Type --

Welcome to your new home in the highly sought after Cadence at Gateway community! This 5 bed/3 bath home built in 2022 has it all. The great room boasts tall ceilings and natural light with low maintenance wood-look tile and a gorgeous kitchen featuring contemporary cabinets and quartz countertops complete with modern finishes. Upgraded floorplan includes a full bath and bedroom on the first floor. Relax in your backyard oasis complete with an above ground spa, turf, and custom pergola. The second floor has four bedrooms including a spacious primary bedroom with a generous walk-in closet. The Cadence at Gateway community has amenities including resort style pools, state-of-the-art fitness center, playgrounds, and more. Don't miss your opportunity to call this move-in ready home yours!

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18387 W Verbena Drive Goodyear, AZ 85338

Open House

$625,000

3 Beds

2.5 Baths

2,713 SqFt

Status Active

MLS # 6673460

Property Type Single Family Residence

Price Type --

Welcome to this stunning 3-bedroom, 2.5-bath home, featuring an office space that could easily transform into a 4th bedroom. Upon arrival, you will be drawn to the beautiful mountain views around the house, and visible through the expansive glass slider in the great room. Step into your backyard oasis, where Arizona's outdoor charm unfolds with no neighbors to obstruct your view. This backyard haven is made for entertaining and outdoor enthusiasts, whether hosting weekend barbecues or unwinding by the inviting fire pit under the stars. The heart of this home, the entertainer's kitchen, boasts granite countertops, a chic backsplash, stainless steel appliances, and a convenient gas range. Each bedroom offers ample space for comfort and relaxation, while the tastefully updated (MORE) bathrooms exude a sense of cherished refinement. Nestled within the master-planned community of Estrella, residents gain access to an array of amenities. From tranquil lakes and extensive hiking and biking trails to two residents' centers, fitness facilities, dining options, shopping outlets, and numerous parks, this locale offers a lifestyle of convenience and leisure. Don't let this extraordinary opportunity slip away to own a piece of Arizona's paradise. Embrace the unparalleled comfort and luxury this home presents, and seize the chance to elevate your living experience.

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10425 S 47th Lane Laveen, AZ 85339

$624,995

4 Beds

3.5 Baths

2,840 SqFt

Status Active

MLS # 6699959

Property Type Single Family Residence

Price Type --

The Darius plan provides a sophisticated and accommodating single-story layout. In addition to a lavish primary suite boasting a generous walk-in closet and a private deluxe bath with oversized walk-in super shower, this dynamic home includes an impressive guest suite with a living room and wet bar—perfect for multi-generational living. You'll also enjoy a spacious great room with an adjacent covered patio and a well-appointed kitchen offering a center island and a walk-in pantry. a study, 2 additional bedrooms with Jack and Jill bathroom, A powder room and 3 car garage.

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10433 S 47th Lane Laveen, AZ 85339

$624,995

4 Beds

3.5 Baths

2,840 SqFt

Status Active

MLS # 6720330

Property Type Single Family Residence

Price Type --

Boasting an open layout ready-made for entertaining, the Pinecrest plan centers around an expansive great room with multi slide doors that open to a covered patio, a dining nook and an impressive gourmet kitchen boasting a convenient island, white shaker cabinets, quartz counters, black matte fixtures throughout, and a walk-in pantry. The elegant primary suite is adjacent, showcasing an immense walk-in closet and a private bath with deluxe walk-in shower. This home has 10' ceilings, luxury vinyl plank flooring, tiled baths, and carpeted bedrooms. Two additional bedrooms, a study, and convenient laundry room round out the plan.

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21849 E Saddle Court Queen Creek, AZ 85142

$624,995

3 Beds

2.5 Baths

2,500 SqFt

Status Active

MLS # 6730780

Property Type Single Family Residence

Price Type --

The single-story Cassandra plan showcases an open layout with a great room with a multi-sliding glass door, a breakfast nook, a large gourmet kitchen and a 2-car garage. The primary suite is adjacent, and boasts a generous walk-in closet and an attached bath with a large walk-in shower. Two additional bedrooms flank a full bath, and the nearby study.

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21856 E Saddle Court Queen Creek, AZ 85142

$624,995

3 Beds

2.5 Baths

2,500 SqFt

Status Active

MLS # 6730743

Property Type Single Family Residence

Price Type --

The single-story Cassandra plan showcases an open layout with a great room with a multi-sliding glass door, a breakfast nook, a large gourmet kitchen and a 2-car garage. The primary suite is adjacent, and boasts a generous walk-in closet and an attached bath with a large walk-in shower. Two additional bedrooms flank a full bath, and the nearby study.

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35231 N Danburite Court San Tan Valley, AZ 85144

$624,995

3 Beds

3.5 Baths

2,373 SqFt

Status Active

MLS # 6623955

Property Type Single Family Residence

Price Type --

Your dream home is waiting. Two-toned cabinets create a dramatic effect in the kitchen. The casual dining area and living room are adjacent to the kitchen and provide an intimate setting. The expansive flex room is conveniently placed off the foyer, providing plenty of space for entertaining. The home is loaded with extras, including a highly desirable casita. Experience the luxury you've always wanted!

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