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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3476 E Longhorn Drive Gilbert, AZ 85297

$624,000 - 3Br/2Ba -  for Sale in Lot 105 San Tan Ranch Parcel 7 Mcr 048035, Gilbert
Open House
$624,000
3 Beds
2 Baths
2,164 SqFt
Status Active
MLS # 6674275
Property Type Single Family Residence
Price Type --
Welcome back to the market! $80K, nearly completely remodeled interior features brand new kitchen including cabinets, countertops, backsplash, sink, & LG ThinQ appliances. New bathrooms including vanities, toilets, tile, and showers. All new floors, doors, baseboards, and ceiling fans. Come see this stunning 3 bd plus den / 2 ba beauty with its open floor plan and turnkey appeal, ideally located in San Tan Ranch on a large, corner lot. Exterior features include pool w/ brand new 20-yr PebbleTec, newer backyard turf, low maintenance front yard (2023), covered patio, 2 car garage, RV gate & parking, plus owned & fully paid solar, whole house saltless water softener. HVAC (2021). exterior paint (2021), and complete roof underlayment (2023). So much to love about this new home - see you soon!

13382 W Blackstone Lane Peoria, AZ 85383

$623,900
2 Beds
2 Baths
1,752 SqFt
Status Active
MLS # 6754736
Property Type Single Family Residence
Price Type --
BEAUTIFULLY upgraded VIBRANT shows Pride of Ownership is move-in ready for you! This lovely home w/NEUTRAL palette thru-out features w/WIDE PLANK tile flooring, split tilt PLANTATION shutters, WALL OF GLASS in Great Rm opens to the PROFESSIONALLY designed R/yard with built-in BBQ, gas FIREPIT, ext. PAVER patio & ARTIFICIAL turf! Gorgeous kitchen features HIGH-END cabinetry, GOURMET GE appliances: w/5 burner COOKTOP, built-in OVEN & SS/MONOGRAM hood. GRANITE c-tops & TILE b-splash complete the space. Primary suite/bath features SOLID core barn door w/full LENGTH mirror, dbl. vanities, UPGRADED shower w/DESIGNER tile, HEAVY glass door & SPACIOUS walk-in closet! Guest bath w/CHEVRON tile pattern, heavy GLASS door & Granite c-top. Spacious Den w/built-in cabinets for add'l storage needs. Laundry room includes upper cabinets & laundry tub. Garage features a 4 foot extension and add'l storage area large enough for golf cart, hobby space or sports equipment. Versatrack hanging wall storage. Additional home upgrades: Professionally landscaped front/year yard including paver walkway, wrought iron fencing in rear yard w/snake fencing, raised garden bed, French drains, PVC irrigation w/poly at hubs to plants, Meyer Lemon & Key Lime fruit tree. 4 large pots on drippers w/wall mounted trellis at front entryway. Owned water softener, great room pre-wired for surround sound including rear patio. Under-cabinet lighting kitchen cabinets, recycle center, custom pullouts, soft close drawers, GE French door refrigerator, LG front loader washer/dryer convey with home. TRILOGY AT VISTANCIA is a resort style 55+ active adult community in NW Peoria. Trilogy has 2 beautiful clubhouses, 2 heated outdoor pools, 1 heated indoor lap pool, 2 fitness centers, fitness classes, tennis courts, pickleball courts and bocce ball courts. Beautifully designed Gary Panks 18 hole Championship Golf Course including V's Taproom. Trilogy offers numerous fitness classes, hosted lifestyle events/trip and numerous clubs ie: STEM Club, History Club, Women's Club, Veteran's Club, Wine Club, Pickleball & Car Club just to name a few! ENJOY THE GOOD LIFE at TRILOGY VISTANCIA!

26421 S 231st Way Queen Creek, AZ 85142

$623,819
4 Beds
3.5 Baths
2,696 SqFt
Status Active
MLS # 6673342
Property Type Single Family Residence
Price Type --
This is a brand new Quick Start Home under construction in Queen Creek, with a Desert Modern elevation. 4 bed, 3.5 bath, plus den. Stainless Steel Gourmet Whirlpool kitchen appliances include 36'' gas cooktop, stainless chimney hood, built-in microwave and oven, and dishwasher. White 42'' cabinets with upgraded wood-look tile and carpet. 12 ft center slide at great room, and tiled Owner's shower. Move in anticipated for Aug/Sept. Please ask about our generous financing incentives!

4270 E Pony Track Lane San Tan Valley, AZ 85140

$623,500
4 Beds
2 Baths
2,166 SqFt
Status Active Under Contract
MLS # 6710505
Property Type Single Family Residence
Price Type --
This 4 bed, 2 bath plus a den, horse property has everything you've been looking for! Recently updated with white cabinets, granite counters, wood looking flooring in the main areas with carpet in the bedrooms. Vaulted ceilings with a wood back drop. Master Suite offers, dual sinks, large walk-in shower, and HUGE master closet. Extended 3 car garage with tons of storage. RV Gate with RV parking. Metal petina gates adds a nice touch to the country feel. Large horse turn out set up with cover. Extra Long covered patio. 1.25 acres with endless possibilities. Bring all your toys and four legged friends.

5415 W Pontiac Drive Glendale, AZ 85308

$623,000
4 Beds
2.5 Baths
2,439 SqFt
Status Active
MLS # 6684020
Property Type Single Family Residence
Price Type --
Excellent LOCATION in Arrowhead Lakes. Million-dollar homes in the neighborhood. Close to shopping. Elegant 4 bedrooms with master suite on the first floor and lake/mountain views from the second floor.

7453 E Almeria Road Scottsdale, AZ 85257

$623,000
3 Beds
2 Baths
1,498 SqFt
Status Active
MLS # 6738857
Property Type Single Family Residence
Price Type --
MUST SEE TODAY!!! Pride of ownership is shown in this fabulous turn-key residence nestled in Scottsdale! Discover an impressive interior showcasing tile flooring, a soothing palette throughout, plantation shutters, and recessed lighting. The spotless kitchen is ready for you to cook your favorite meals, offering white shaker cabinets, sleek granite counters, stainless steel appliances, and a center island complete with a convenient breakfast bar for casual dining. The master bedroom boasts a sliding-door closet and a private bathroom for added comfort. Host fun gatherings in the wonderful backyard, including a covered patio and a sparkling swimming pool! This is truly a turn key property, ready to go. Only a mile from old town Scottsdale!

20105 W Pinchot Drive Buckeye, AZ 85396

$621,990
3 Beds
3 Baths
2,835 SqFt
Status Active
MLS # 6715566
Property Type Single Family Residence
Price Type --
Below Market Financing Available!!!!!!!! This single-level home is host to two secondary bedrooms situated off the foyer with a convenient game room in between them, ideal for younger family members. At the back of the home, a generous open floorplan is shared between the Great Room, kitchen and dining room, offering access to a covered patio. The owner's suite and a fourth bedroom can be found in a private wing off the living and dining space. Photos are renderings of a model home, not the actual home.

22953 S 207th Place Queen Creek, AZ 85142

$621,860
4 Beds
3 Baths
2,309 SqFt
Status Active
MLS # 6740939
Property Type Single Family Residence
Price Type --
MLS#6740939 December Completion! The Cambridge at Ellsworth Ranch Landmark is a single-story floor plan offering 2,474 sq. ft. of living space with 4 bedrooms, 3 bathrooms, a 2-car garage, and an exercise/flex room. A welcoming porch greets you at the front of the house. Upon entering, the foyer leads you down a hallway with secondary bedrooms and 2 full bathrooms on one side and a laundry room on the other. Continuing straight, you'll arrive at the spacious, open kitchen, great room, and dining area—a space sure to capture your heart. Structural options include: garage service door.

2452 W Rowel Road Phoenix, AZ 85085

$620,990 - 3Br/3Ba -  for Sale in Union Park At Norterra, Phoenix
Open House
$620,990
3 Beds
2.5 Baths
1,964 SqFt
Status Active
MLS # 6720359
Property Type Single Family Residence
Price Type --
Welcome to your NEW HOME at Aster in Union Park! This home offers 1,964 sq ft of living space with 3 bedrooms, 2.5 bathrooms, and a 2-car garage. The primary bedroom has dual walk-in closets and a private deck. The Design features are the Enhanced package of upgrades including stone gray cabinets, granite countertop, custom backsplash, large island, stainless steel gas range and tile flooring. HOA includes Union Park Amenities, front yard landscaping & maintenance along with concierge trash pickup. Union Park residents will enjoy the abundance of amenities that include, resort styled pool and lounge areas, a 5800 sq ft clubhouse, pickleball court, basketball court, 12parks, playgrounds and walking paths. Easy access to 3 freeways within 10 minutes and 21 minutes to Airport.

1781 E Vico Bella Luna -- Oro Valley, AZ 85737

$620,900
3 Beds
3 Baths
1,993 SqFt
Status Active
MLS # 6706136
Property Type Townhouse
Price Type --
Owner/Agent. This beautiful 2 story home is nestled at the base of the Catalina Mountains in the Exclusive Gated Community of La Reserve Villas. Featuring an Open floorplan w soaring ceilings, generous size Owner suite w separate vanities, walking closet/s, storage & more. 2 Guest Rooms w breathtaking views of the Mountains. Laundry Room w sink and abundant cabinetry. Contemporary Kitchen w Quartz countertops, SS Appl, Bkfast bar and RO system. Powder Room, recessed lighting, covered patio, Water Softener Sys, Rustic garage door/ epoxy floors, Tyvek Stucco and more. This luxury community borders Coronado Natl Forest & Catalina State Park. In close proximity to world-renowned resorts, golf courses shopping & restaurants, as well as Tucson's 'famous' Loop'': a 130-mile walking/biking path.

1945 E Behrend Drive Phoenix, AZ 85024

$620,800 - 3Br/2Ba -  for Sale in Morningside Lot 1-72 Tr A, Phoenix
New
$620,800
3 Beds
2 Baths
1,960 SqFt
Status Active
MLS # 6760080
Property Type Single Family Residence
Price Type --
Charming Fmly hm with Bonus Flex Rm! Ft security screen door! Open floorplan! Beautiful Tile floors, vaulted ceilings & arched doorway. Bright Kitchen has refinished cabinets, breakfast bar & secondary pantry storage-great for kitchen appliances! Mstr Bdrm has vaulted ceilings and plant decorator shelf. Private exit with security screen door leads to cozy patio & Inviting Salt Water Pebbletech Pool. Formal Dining Area has new Sliding Glass Doors leading to E facing 30-ft covd patio with Pull Down Sun Screens & Grill Pad. Great for Entertaining! Incredible ''Flex Room'' has vaulted ceiling, closet and private exit. Could easily convert to Income generating Guest Quarters, Mother In Law Suite or Game Rm. SOLAR! Side yd has Plum, Pomegranate & Kumquat trees! 5-Ton A/C installed in 2021. WO

14835 W El Cortez Place Surprise, AZ 85387

$620,601
5 Beds
4.5 Baths
3,291 SqFt
Status Active
MLS # 6747473
Property Type Single Family Residence
Price Type --
Impressive Slate plan with the Owner's Suite on the first floor. Scheduled to be complete in November. Professionally designed with quartz countertops, wood-look tile, white cabinets, and so much more! Enjoy a large backyard and the many amenities Miravida has to offer like playgrounds, pickle ball courts, and picnic areas.

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