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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2362 S Buttercup -- Mesa, AZ 85209

$654,900

2 Beds

2 Baths

2,128 SqFt

Status Active

MLS # 6779452

Property Type Single Family Residence

Price Type --

Absolutely wonderful golf course home in active 55+ community of Sunland Village East. 2 bedrooms plus den/office, 2 bathrooms, 2 car garage. Vaulted living/dining area, open kitchen family room. Quartz counters, newer upgraded cabinets, pull-out drawers, newer appliances, refrigerator conveys. Master bathroom has snail shower, new 36'' vanities, double sinks, walk-in shower. Guest bathroom updated as well. Tile flooring, marble window sills, plantation shutters, exterior security roller shields, front & back security doors. Screen patio as well as covered pergola sitting area. Additional electrical outlets in garage and patio, A/C 2018. Many more detailed upgrades, walking distance to proshop/restaurant. Don't miss out!

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4444 E Bethena Street Gilbert, AZ 85295

$654,900

4 Beds

3 Baths

2,420 SqFt

Status Active

MLS # 6751104

Property Type Single Family Residence

Price Type --

Welcome to this charming 2-story home in the popular community of Cooley Station. It features a lush, well-manicured front yard with an inviting front porch with flowers all around. Step into a spacious living room with lots of light. The kitchen is light and bright and includes white cabinetry, recessed lighting, granite counters, stainless appliances, wall ovens and center island with breakfast bar. There are expansive sliding doors and an adjacent dining area that look out onto the sunny courtyard. The travertine patio has been extended and the artificial turf is low maintenance and aesthetically vibrant. The spacious primary bedroom is on the main floor and has a view of the courtyard. The primary ensuite bathroom boasts a large tub, separate shower, dual vanities and walk in closet. Off the living area, and down the hall, there are two bedrooms and a full bathroom on the main floor. There are also two large closets in the hallway for added storage. The laundry room has upper and lower white cabinets and windows and is located off the kitchen across from the generous pantry. Up the stairway, you will find a huge loft area that can be used as an additional living space or as a separate living space for mother-in-law, teen, etc. There is an additional bedroom, closet, and full bathroom upstairs. The 2-car garage and 2 car driveway are in the back of the house and provide space for storage as well as two large vehicles. The location can't be beat with walking distance to the basketball courts, kids playground, bbq area and fields. The community pools, Fry's Marketplace, Crust, and multiple other eateries are a short bike ride away. Come see this fabulous neighborhood!

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7315 E Night Watch Way Prescott Valley, AZ 86314

$654,900

3 Beds

2 Baths

2,123 SqFt

Status Active

MLS # 6779660

Property Type Single Family Residence

Price Type --

Discover the exquisite Lupine Plan in the sought-after Stoneridge Golf Community. This home is in pristine condition, boasting a new roof and fresh paint on the exterior and interior as of August 2024. It features 3 bedrooms plus a bonus room, 2 bathrooms, and a 2.5-car insulated garage. Remodeled kitchen includes granite island, under-counter LED lighting, updated black stainless appliances, slide-out shelves, and a walk-in pantry. Paver stone driveway and walkway. High ceilings and custom barn doors. Solid surface flooring throughout. Both primary and secondary bathrooms have been beautifully remodeled. The garage has epoxy flooring, work area, water softener, and two 240 outlets for car charging or hobbies. Oasis of a backyard!! Extended, covered patio. See documents for features list.

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38218 W Camelback Road Tonopah, AZ 85354

$654,000

5 Beds

4 Baths

3,270 SqFt

Status Active

MLS # 6721936

Property Type Single Family Residence

Price Type --

Gorgeous custom home on 5 acres with magnificent mountain views and tons of privacy! This home features 5 bedrooms and 4 baths...yes you read that right! 19 foot ceilings with wood beams, and 2 stone fireplaces. The kitchen boasts beautiful granite counters, and raised panel cherry cabinets as well as SS appliances. Split floorplan with spacious master bedroom down stairs and 4 bedrooms upstairs. This home is a dream for entertaining your family and friends! 4 car garage. 2 large corrals with shade and 5 stall barn with tack room. There is also a 200 amp service for RV Hook up and water. The property has a private well and backyard fencing and an amazing back porch to enjoy your morning cup of coffee with no city noise, just your dogs running around the property enjoying life!

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345 E Palomino Court Gilbert, AZ 85296

$654,000

5 Beds

2.5 Baths

2,376 SqFt

Status Active

MLS # 6727415

Property Type Single Family Residence

Price Type --

Move-in-ready Home in prime location, Gym & pool amenities across the street & walking distance to downtown Gilbert for dining & entertainment. Extensively remodeled with $150,000 in recent upgrades, featuring a luxurious master bathroom with large walk-in shower and freestanding 70'' soaking tub. All 2.5 bathrooms showcase quality tiled floors and walls. Elegant plantation shutters throughout, custom wood floors, crown molding, stairway, and fireplace enhance the home's appeal. The 5 bedroom and 3 car garage provide ample space for all. The kitchen boasts contemporary features: oversized sink, granite countertops, peninsula with a breakfast bar, high quality soft-close cabinets with lazy susan corners, new pantry with frosted glass doors and under-cabinet lighting. Recessed lighting and new fixtures illuminate the home beautifully.Outside find new sunscreens and an energy efficient A/C replaced in 2018. Enjoy the quiet cul-de-sac setting with easy access to the community park, basketball/pickleball court, and playground. This rare 5 bedroom find combines comfort, style, and location! A MUST SEE!

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10585 E Cinnabar Avenue Scottsdale, AZ 85258

$654,000

3 Beds

2 Baths

1,902 SqFt

Status Active

MLS # 6752033

Property Type Townhouse

Price Type --

Fully Furnished - Turn-key Luxury in Scottsdale Ranch's Heritage IV adult 55 + community. Just bring your suitcase! Discover the ease of Luxury Living in the prestigious Heritage 4 enclave within Scottsdale Ranch. This true 3 bedroom home offers a refined, turn-key experience with everything ready for you. Fully furnished and featuring newer appliances, fresh exterior paint (2023) , new W/D(2024), water heater ( 2020) a beautifully updated paver patio (2022) and A/C unit (2022), you'll enjoy a seamless and easy move in. A vibrant lake community , the lifestyle here includes serene walking paths, private streets, tennis courts and access to two sparkling pools and over 60 + clubs. Forget about yard work and focus on relaxation and play- the HOA cares for the front yard. Live the carefree, Luxurious lifestyle you've been waiting for in Scottsdale Ranch's Heritage 4. Act now -this is a special home

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3794 E Terrel Street San Tan Valley, AZ 85143

$652,990

4 Beds

3 Baths

2,604 SqFt

Status Active

MLS # 6763777

Property Type Single Family Residence

Price Type --

This home has it all with room for your guests and all of your toys! Popular Explorer plan features a full guest suite with its own private entrance as well as it's own RV garage. This home is situated in the amenity rich community of Bella Vista Farms. Residents enjoy an amenity-rich lifestyle with exclusive access to an onsite swimming pool, picnic area, splash park, playground, basketball court, volleyball court and greenbelt. The local area is host to the San Tan Regional Park, where locals enjoy biking, hiking, horseback riding and more.

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22709 E Watford Drive Queen Creek, AZ 85142

$652,741

4 Beds

3.5 Baths

2,769 SqFt

Status Active

MLS # 6733044

Property Type Single Family Residence

Price Type --

This is a brand new Quick Start Home under construction in Queen Creek, with a Ranch Elevation. The Forest plan includes 4 bedrooms, 3.5 baths, 3 car garage. Gourmet Kitchen appliances that include a gas cooktop with a built-in oven/microwave and dishwasher. Owner's Bathroom includes a Walk-In Shower with a Rain Shower head. Move-in anticipated for October/November. Included in the Emerald Collection are 10 foot ceilings, 8 foot interior doors and paver driveways and front porches. Please ask about our special financing incentives with Mattamy Home Funding.

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16881 W Merrell Street Goodyear, AZ 85395

$652,400

2 Beds

2.5 Baths

1,903 SqFt

Status Active

MLS # 6748944

Property Type Townhouse

Price Type --

Prepare to be pleased as you drive up to this highly upgraded Villa! Beginning with the beautiful iron gate at the entrance of the home. Builder options and upgrades of $130,000 + another $30,00 in owner upgrades after construction! The fine details of the home include but are not limited to: Stone Creek Library media wall, Dagr Design Entertainment center, painted by AZ Concepts, fireplace, Shelf theory pull out drawers. Premier lighting, Neil' s garage cabinets, overhead garage storage rack, which were all owner upgrades after construction. Options and upgrades by the builder are too numerous to list but are available upon request. This is a ''MUST VIEW'' Villa! Once you experience the ''FEEL'' when you enter this home you won't want to leave!!

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20271 W Hollyhock Street Buckeye, AZ 85396

$651,995

4 Beds

3 Baths

2,630 SqFt

Status Active

MLS # 6717642

Property Type Single Family Residence

Price Type --

8760 sqft lot - Gourmet kitchen, quartz countertops, full tile backsplash, white cabinets w/extension at nook, pendant lights at island, stainless steel appliances w/pyramid hood & gas cooktop - Center-meet doors at great room - Walk-in shower at primary bath - Pre-plumb locations at laundry room, soft water loop, gas to patio - 9 x 35 tile floors throughout except for carpet in bedrooms - Matte black fixtures throughout - Ceiling fan pre-wires at bedrooms, patio and great room - 10-foot ceilings - Single additional gate non-garage side - Two-tone paint - Garage service door.

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19797 S 231st Way Queen Creek, AZ 85142

$651,441

3 Beds

2.5 Baths

2,195 SqFt

Status Active

MLS # 6583797

Property Type Single Family Residence

Price Type --

GORGEOUS GREAT ROOM PLAN, GOURMET KITCHEN LAYOUT, SPA SHOWER IN THE PRIMARY, WHITE CABINETS WITH CONTRASTING BLACK HARDWARE, PLANK TILE FLOORS EVERYWHERE, EXCEPT THE BEDROOMS,UPGRADED GRANITE TOPS AND TILE BACKSPLASH., FANS BLINDS INCLUDED,PAVER DRIVE AND WALKWAY AND MORE.. TASTEFUL TOUCHES THROUGHUT THIS HOME!! ALL THIS IN BEAUTIFUL BARNEY FARMS, WHICH OFFERS A 22 ACRE LAKE THAT IS THE CENTERPEICE OF THIS COMMUNITY SURROUNDED BY GREEN PARKS, WALKING TRAILS AROUND THE LAKE WITH BENCHES AND RAMADAS TO ENJOY THE VIEW. PICKLE BALL, BOCCE BALL, LARGE BARN CLUBHOUSE WITH OUTDOOR SEATING OVERLOOKING THE LAKE. 16 SEER RATING ENERGY STAR HOME! ''KMB K-6 School. THIS HOME AND COMMUNITY IS WORTH A VISIT!!

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17147 W Hackmore Drive Surprise, AZ 85387

$651,223

4 Beds

3 Baths

2,665 SqFt

Status Active

MLS # 6771831

Property Type Single Family Residence

Price Type --

MLS#6771831 January Completion! Welcome to the Everglade at Asanta Passage. Step through the porch into the welcoming foyer. On one side, you'll find three bedrooms and a shared bathroom, while across the foyer lies a laundry room, an additional bedroom with its own bathroom, and access to the two-car garage. Continue through the home to discover stunning open-concept living, where the great room effortlessly flows into the casual dining area, kitchen with an island, and covered outdoor living—ideal for entertaining. The tucked-away primary suite offers a peaceful retreat, featuring a spa-inspired bathroom and a spacious walk-in closet. Structural options include: super shower, gourmet kitchen, paver front porch, 12'x8' sliding glass door, garage service door & study in lieu of bed 2.

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