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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8 Acr 3168 -- Vernon, AZ 85940

$620,000
2 Beds
2 Baths
2,080 SqFt
Status Active
MLS # 6745270
Property Type Single Family Residence
Price Type --
Imagine waking up every morning to the serene beauty of 5 acres in Vernon, where the ease of access meets the comfort of a well-appointed home. This property is a Spacious 2 bedroom, 2 bath layout PLUS a large loft space, perfect for a home office or an extra guest room. The interior is a testament to fine craftsmanship, featuring granite countertops and exquisite cabinetry that complement the large primary suite with its inviting French doors. Step outside onto the expansive deck and you're greeted by breathtaking panoramic views, a picturesque setting with mixed trees that promises privacy and tranquility. The property also includes a spacious barn that awaits your personal touch, whether it be for storage, a workshop, or perhaps a space for your barn yard friends. The heart of the home is the open great room, anchored by a large rock fireplace, floor-to-ceiling windows, and T&G ceiling with exposed beams that add character and warmth. The open kitchen is a chef's delight, featuring a lot of counter space and stainless-steel appliances that make cooking and entertaining a pleasure. This property is not just a home; it's a lifestyle, offering a blend of rustic charm and modern amenities that create an idyllic retreat from the hustle and bustle of daily life. Home is heated with forced air heat and the fireplace that are both ran off of propane. Most of the trees on the property are juniper nad some pinion pine. PRIVATE WELL - use as much water as you want 5 acres - horse property close to town LARGE Barn set up for Horses with corrals and fenced areas NEW wood laminant floors throughout - NO carpet New windows are quite a few windows 3 car extended garage Water and electric hook up (20 Amp) for an RV Plenty of space for trailer/toys and RV's Huge back deck with amazing views some if of it covered and some uncovered. This home has been extremely well cared for. Original owners who had the home built. It's never been rented out. The lawn mover is new and available for purchase outside of escrow Imagine living in the White Mountains of Arizona where you have 4 beautiful seasons and where you can breathe in the fresh mountain air and enjoy the 40 lakes and over 600 miles of rivers and streams. In addition to the amazing fishing, this area has one of the most extensive trail systems in the southwest for hiking, biking, horseback riding, quadding and more. Sunrise Ski Resort is also just a little over an hour with 3 beautiful mountains to ski, snow board or sled. If shopping is your interest, you will love the antique stores and the multitude of arts and craft shows that happen in the summer. The music festivals have something to fit everyone's enjoyment. Do you love to golf? There are 7 amazing golf courses, 3 that are public. The White Mountains, where this home/cabin is the best kept secret of Arizona! Come and explore and enhance your living! Embrace the MAGIC!

5330 W Walatowa Street Laveen, AZ 85339

$620,000
5 Beds
4 Baths
2,908 SqFt
Status Active
MLS # 6674395
Property Type Single Family Residence
Price Type --
MLS#6674395 Ready Now! The Pinnacle at Tierra Montana Encore presents a two-story layout with a generously sized primary suite downstairs. This suite boasts an expansive shower with tub, dual sink vanity, and a spacious walk-in closet suitable for all seasons. Additionally, there's a guest bedroom and full bath conveniently located towards the front of the home, ideal for overnight visitors. The open-concept gathering room connects to the dining and kitchen area. Upstairs, you'll find three bedrooms, two bathrooms, and a versatile loft space, perfect for hosting game nights. Structural options include: bedroom 5/bath 4, shower in lieu of tub in two at bath 4, tub and shower at owner's bath, extended walk in closet at owner's suite, paver from porch and gourmet kitchen. 4' garage extension, garage service door, pre-plumb for future

7024 E Corral Court Prescott, AZ 86305

$620,000
4 Beds
2 Baths
2,211 SqFt
Status Active
MLS # 6723488
Property Type Single Family Residence
Price Type --
Here is your dream home in the esteemed Deep Well Ranch Subdivision in Prescott! Better-than-new construction home has been meticulously optioned and maintained. This gorgeous home was built in 2023 and boasts many comfort features and luxuries throughout. Find solace and relaxation in any of the 4 bedrooms including the oversize owners suite and 2 full baths. The large kitchen is a chefs delight with gorgeous white cabinets, energy star appliances and stunning quartz countertops. The open floor plan provides seamless connection to the dinning and spacious living area where you can keep warm next to the functional gas fireplace. Owner is a real estate agent in Arizona. This tastefully designed and upgraded home has soft close cabinets throughout, plenty of natural light and tons of storage. Beautiful real wood plantation shutters installed throughout the home provide privacy from the oversized energy efficient windows. Automatic zebra blinds cover the two kitchen windows and vertical cellular blinds covering the large glass slider leading to a spacious backyard. The owners suite provides plenty of space, dimmable lighting, walk in closet and a spa-like ensuite bathroom making this a perfect retreat to unwind. Three additional bedrooms offer plenty of versatility for a large family, guests and a home office space. The large laundry boasts plenty of cabinets and a utility sink already installed. Walk out to an oversized 3-car garage that provides a generous room for all your vehicles, toys and hobbies. There is no shortage of storage space between the 3-bay garage, four closets and multiple linen closets in this immaculate home that is still protected under a 2-10 warranty. The beautiful landscaping was meticulously designed and includes a true French drain system and four-valves ensuring your plants, trees and garden receive the appropriate amounts of water. A fourth valve was installed and ran to the backyard to provide water for real grass should you opt to do so. No detail was spared in the design of this home providing you with immense comfort, privacy and luxury. Welcome to your private sanctuary and forever home!

1023 E Fairmont Drive Tempe, AZ 85282

$620,000
4 Beds
2 Baths
1,761 SqFt
Status Active
MLS # 6673927
Property Type Single Family Residence
Price Type --
Near ASU and downtown Tempe this charming 4-bedroom, 2-bath home featuring a 2-car garage and RV gated/storage area that is covered with access from front and back. This residence boasts a perfectly flowing layout showcasing tile and wood vinyl flooring, soothing color palette and plantation shutters. The kitchen connects to the living and dining areas with oak cabinetry, a mosaic backsplash, stainless steel appliances, induction oven, modern track lighting and sleek quartz counters. A/C unit is 3 yrs old. French doors lead to a covered patio. Entertaining will be a breeze on the patio with rope lighting or near the fire pit. Home includes security doors and roller shields in rear. New sewer lines in past few yrs.

20121 N 76th Street Unit 2022 Scottsdale, AZ 85255

$620,000
2 Beds
2 Baths
1,854 SqFt
Status Active
MLS # 6751819
Property Type Apartment
Price Type --
Discover this gorgeous 2-bedroom, 2-bathroom condo with a den in the gated Vintage at Grayhawk community. Meticulously maintained, this home offers a perfect blend of modern elegance and comfort. The open-concept floor plan includes a spacious kitchen with stainless steel appliances, a cozy living area, and a private balcony with breathtaking views. Enjoy access to a heated community pool, gym, shopping, and dining. Recent upgrades enhance its appeal: hot water heater (2022), garbage disposal (2022), AC unit (2023), interior paint (2022), new flooring (2023), granite countertops (2023), and ROE tank (2024). This is a rare opportunity to experience Scottsdale's vibrant lifestyle in an exceptional home.

6168 S Fairway Place Gold Canyon, AZ 85118

$620,000
2 Beds
2 Baths
2,364 SqFt
Status Active
MLS # 6748933
Property Type Townhouse
Price Type --
This beautiful home in the prestigious Fairway Views gated community features 2 master bedroom suites, one upstairs and one downstairs. Both have walk in closets, showers and upstairs features a large soaking tub! Open concept great room with 22-foot ceilings, a den and a loft. There is a large balcony in front with panoramic mountain views of the Superstitions and a balcony in back overlooking the pool! The private pool has a heater for winter and there is a magnificent octagonal covered patio with mechanical sunshades and ceiling fans to enjoy year-round entertaining. Two new HVAC units installed in 2022 and pool pump and dishwasher replaced recently. There is a community pool, walking path and clubhouse and is next door to Gold Canyon Golf Resort! HOA includes water, garbage and exterior paint! Custom cabinets and doors throughout the home. The original owner was the builder for the subdivision so there are many upgrades and extras! Furniture can be purchased on a separate bill of sale.

23866 N 72nd Place Scottsdale, AZ 85255

$620,000
3 Beds
2 Baths
1,346 SqFt
Status Active
MLS # 6740738
Property Type Single Family Residence
Price Type --
Beautiful property located in the gated community of Los Portones in the heart of North Scottsdale. Updates include wood plank tile flooring, newer carpet in bedrooms, and newer paint inside and out. New roof in 2022 and comes with a warranty. Located near world class golf, hiking, dining, shopping, and so much more. This property is a must see!

14583 W Georgia Drive Surprise, AZ 85379

$620,000
4 Beds
3.5 Baths
3,476 SqFt
Status Active Under Contract
MLS # 6733528
Property Type Single Family Residence
Price Type --
Amazing Opportunity!!!! Newer built home with perfectly appointed designer touches in a fabulous and most desirable Surprise location. Spectacular kitchen with a huge walk-in pantry, oversized island, quartz counters, Large great room. Exercise room or toy room off of great room. Formal dining room or office. Wood tile flooring. Laundry room upstairs. Loft and generous owner suite. Jack and Jill bath. Walk in closets in other bedrooms. This home has it all. It is a dream home.

651 W Orchard Way Gilbert, AZ 85233

$620,000
4 Beds
2.5 Baths
2,836 SqFt
Status Active
MLS # 6740366
Property Type Single Family Residence
Price Type --
This beautiful home features updated painted exterior with sunscreens. Upstairs, newer carpet, four spacious bedrooms with an extra-large loft space. Updated primary bath with quartz double sinks and a tiled walk-in shower with privacy barn door. The lower level offers epoxy flooring and updated half bath. Kitchen has updated quartz countertops, an island plus an extra-large walk-in pantry including laundry. Updated electrical, recessed LED lighting and dimmers throughout the entire smart -home. Step out back through double glass doors w/ enclosed blinds to a covered patio with an overhead fan overlooking your fenced saltwater pool. Buyer, home needs paint touch up inside in some areas. Close to Gilbert Town Square shopping, dining and entertainment.

330 N Nevada Way Gilbert, AZ 85233

$620,000
4 Beds
3 Baths
2,324 SqFt
Status Active
MLS # 6757368
Property Type Single Family Residence
Price Type --
Beautifully maintained 4-bedroom, 3 full bath home in the heart of Gilbert. This spacious home features a floor plan perfect for entertaining, with a large Family room and a Modern Updated Kitchen complete with Quartzite Countertops, Stainless Steel Appliances, and a Generously large Island. The Primary suite boasts his and her Walk-in closes, Dual Vanities, and a luxurious Soaking tub. Enjoy the gorgeous weather in this private backyard, featuring a Covered Patio, Private Pool and plenty of space for Outdoor living with Garden beds, and Thriving Pomegranite Tree. Conveniently located near the sought out Downtown Gilbert Area, near Parks, Shopping, and lots of great Dining. This home is a must-see. Don't miss out on this one!

3941 E Monona Drive Phoenix, AZ 85050

$620,000
3 Beds
2 Baths
1,407 SqFt
Status Active
MLS # 6758231
Property Type Single Family Residence
Price Type --
Welcome to this beautifully updated single-level home offering 1,407 square feet of comfortable living space. Featuring 3 spacious bedrooms and 2 bathrooms, this residence boasts a desirable split floor plan for added privacy. The primary suite includes a stunning bathroom with a relaxing soaking tub, while the guest rooms are generously sized. The open layout flows effortlessly, perfect for entertaining. Enjoy the convenience of a 2-car garage and a prime location close to top-rated schools, shopping, and great restaurants. This home is the perfect blend of style, comfort, and convenience!

43759 N Terrace View Avenue San Tan Valley, AZ 85140

$620,000
3 Beds
2 Baths
1,842 SqFt
Status Active
MLS # 6747293
Property Type Single Family Residence
Price Type --
Beautifully updated ranch home nestled on a sprawling 1.25 acres of horse-friendly land with NO HOA. The property features an attached 3-car garage and detached 2.5-car garage, the perfect space for a workshop or toys! The 3 bedroom, 2 bathroom floor plan features a family room and a great room. Recent updates include a new water heater, two-year-old A/C unit, and modern flooring. The primary suite boasts a full en suite bathroom and a generous walk-in closet, while the kitchen dazzles with Corian countertops, ample cabinet space, and a pantry. Granite counters adorn the bathrooms, and a pantry in the laundry room offers extra storage. Outside, there is an RV Gate and parking. Enjoy breathtaking mountain views from the covered patio, which overlooks the expansive, vinyl-fenced grounds.

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