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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32828 N 228th Drive Wittmann, AZ 85361

$619,000
4 Beds
2 Baths
1,403 SqFt
Status Active
MLS # 6757577
Property Type Single Family Residence
Price Type --
Set on a full acre, this 4-bedroom, 2-bathroom home is a striking combination of modern updates and rural charm. With a 2023 refresh that includes new flooring and updates to the kitchen and bathrooms, the interior feels fresh, cool, and contemporary. The open floor plan flows effortlessly, creating a spacious and inviting atmosphere that's perfect for both entertaining and everyday living. The property is ideal for those with hobbies or larger projects, featuring a massive 30' x 50' x 14' detached, insulated shop, fully equipped with electrical and offering 10' x 10' and 10' x 12' doors, providing ample room for up to six vehicles or larger equipment. The 10' x 16' wood shed with a window AC unit adds additional functional space, perfect for storage or a small workshop. Backing up to... state trust land, this property offers expansive views and exceptional privacy. For pet owners, the fenced dog yard includes a dig-proof kennel, giving peace of mind and security for your pets. This home perfectly blends modern conveniences with the freedom and space of rural living, offering a lifestyle that's as practical as it is peaceful.

1888 W Dion Drive Phoenix, AZ 85086

$619,000
3 Beds
2 Baths
2,080 SqFt
Status Active
MLS # 6741209
Property Type Single Family Residence
Price Type --
Your patience is about to pay off! This beautiful, meticulously maintained Telluride perched on a private, elevated, golf-course lot has long-range views of mountains in every direction. Lowered view-fence provides unobstructed sunrise vistas that truly ease the soul. EZ-care turf & landscape. Tastefully updated: New appliances include induction stove sure to improve your cooking experience. Extended solid wood cabinets, some with textured glass fronts. Slab granite counters + backsplash. Plantation shutters and new blinds. Contemporary frosted-glass barn door to walk-in closet. Updated light fixtures + fans. Office w/ glass French doors could be 3rd bedroom. Extended garage with EV CHARGING OUTLET. Fully enclosed, shady front patio extends outdoor living. Move in now! Features List: EXTERIOR Elevated lot with east-facing backyard View-fence dropped to 26 for unobstructed views Soul-soothing vistas in all directions Fully enclosed front courtyard, spacious & shaded Side gate has electronic access Easy-care landscape Artificial turf in backyard New sculptural fan on covered patio (2024)

12737 W Auburn Drive Peoria, AZ 85383

$619,000
2 Beds
2 Baths
1,778 SqFt
Status Active
MLS # 6729974
Property Type Single Family Residence
Price Type --
Beautiful gently lived in 2-bedroom plus den property. Check out & fall in love with the large great room featuring tile flooring and plantation shutters. Spotless kitchen displays mosaic tile backsplash, recessed & pendant lighting, staggered cabinets & cupboards with crown molding ,stainless steel appliances, granite counters, and equipped with a roomy breakfast bar. Generous laundry room with plenty of cabinets and desk area .Make the sizable den a reading nook or bar area. In the bright primary bedroom, you will find plush carpet, a private bathroom with dual sinks, an enclosed glass shower, and a walk-in closet. Entertainers delight in the spacious backyard provides a covered patio, fire pit, and a built-in BBQ and hot tub. Shea Xero 20 year pre paid solar. Energy savings!!

917 W Desert Hills Estate Drive Phoenix, AZ 85086

$619,000
3 Beds
2 Baths
1,600 SqFt
Status Active
MLS # 6750600
Property Type Single Family Residence
Price Type --
Welcome to your private rural oasis in Desert Hills! This well-maintained, single-owner 3-bedroom, 2-bathroom home spans 1,600 SF on a spacious 1.125-acre lot, offering the perfect blend of rural charm, and modern conveniences. The property features a horse corral, a one-horse mare motel, and a detached 24x14 Tuff Shed/tack room, ideal for a tack room or storage. Situated on a private road with only two other residences, you'll enjoy unparalleled seclusion with an untouched natural desert lot to the north. Breathtaking mountain views and a serene country lifestyle. This move-in-ready home includes a two-car garage and an outdoor water feature that adds a soothing touch to your outdoor space. The open floor plan seamlessly connects the kitchen, dining, and living areas, while the split layout ensures privacy for the master suite. The master bedroom boasts dual sinks, a private toilet, and a tiled walk-in shower. Recent upgrades include a new roof in 2022, a new AC unit in 2017, exterior paint in 2021, and a new septic system in 2023. The home also features all-new windows (except the garage) installed in 2021, New kitchen counter tops, kitchen sink and faucet 2021, and newer appliances including a 2021 refrigerator, built-in microwave, a 2022 dishwasher, and a 2018 washer. The well is a 4 share well. This North Phoenix rural horse property offers the tranquility of country living while being conveniently close to the Carefree Highway, I-17, restaurants, shopping, and other amenities. Horse riding trails into the vast desert is a short 4,000 feet away. Don't miss out on this exceptional opportunity!

5120 S Camellia Drive Chandler, AZ 85248

$619,000
3 Beds
2 Baths
1,983 SqFt
Status Active
MLS # 6746984
Property Type Single Family Residence
Price Type --
COME SEE this spacious 3 bedroom 2 bathroom home in Chandler! It's beautifully remodeled and has many upgrades throughout. Enjoy the large open living room. The kitchen features many upgrades. The gourmet kitchen offers a custom cabinet and a lot of counter space with stainless steel appliances included. This home has a large den which can also be used as a game room. The washer & dryer is included. The backyard has a large screened-in patio for your enjoyment.

16981 S 175th Avenue Goodyear, AZ 85338

$619,000
2 Beds
2.5 Baths
2,363 SqFt
Status Active
MLS # 6735144
Property Type Single Family Residence
Price Type --
BACK ON THE MARKET BUYER COULDN'T PERFORM. Gorgeous AV Home in Canta Mia 55+ gated community resort like living at its best. The Tremolo model 2 bedroom 2.5 baths, den and casita will not disappoint. Walk into courtyard with entrance to the casita and main home that welcomes you to warm foyer overlooking the beautiful back courtyard and pool. Kitchen with quartz countertops, loads of storage, pull out shelving, double wall ovens, newer gas cooktop, built-in microwave, large kitchen island, under/over cabinet lighting. Primary bedroom has bay window, sliding glass door takes you to covered patio/pool area. Primary bathroom walk-in tiles shower. bathrooms updated quartz countertop. Ceiling fans throughout. Backyard entertainers dream .Garage 240V, Casita 20amp. Additional insulation

20630 W Grandview Drive Buckeye, AZ 85396

$619,000
4 Beds
3 Baths
2,600 SqFt
Status Active
MLS # 6741192
Property Type Single Family Residence
Price Type --
***$3,000.00 CARPET ALLOWANCE***This stunning corner lot home is located directly across the street from a beautiful children's park and features a spacious open concept living area with a sizeable kitchen-perfect for entertaining. The primary bedroom includes a walk-in closet and en-suite bathroom with dual sinks, a soaking tub, and separate shower. The backyard is an empty slate that can be customized to your liking and the large front porch is ideal for relaxing and enjoying the neighborhood, complete with a porch swing for added charm. The two car garage offers plenty of storage space for all of your toys. Enjoy the small town feel of Verrado with its tree-lined streets, community events and friendly neighbors.

7038 W Carter Drive Chandler, AZ 85226

$619,000
4 Beds
3.5 Baths
2,408 SqFt
Status Active
MLS # 6749502
Property Type Apartment
Price Type --
Looking for luxury, privacy, convenience and security? Welcome home! Built in 2018, Carter Drive smells and feels like a NEW HOME with your modern kitchen, bathrooms, and balconies and with the added perk of mountain views, privacy between bedrooms and all just a minute to whatever you want. It's likely the most charming resort-style home you will find in the Chandler area. Escape your busy work life in your centrally located spacious tri-level 4-bedroom, 3.5 bath, 2 car garage home, where bedrooms have the privacy of their own bathrooms, perfect for a traveling guest or roommate. Rhythm is a private and quiet community off Ray and the 10 freeway and in charming Chandler, part of Metropolitan Phoenix with easy access to... ...outdoor recreations, award-winning events, world-class golf, and a vibrant community where you can enjoy every cuisine, premier shopping, arts and culture and 15-minute drive from the airport. Inside your Carter Drive home, you are greeted with your bottom floor bedroom, where your guest or family members can enjoy privacy from the rest of the home. Your two-car garage door is right there, so you can escape the elements when needed. Head upstairs to your open-concept great room and gourmet kitchen, featuring views of the Superstition or San Tan Mountains, beautiful. Create your favorite culinary delight in your open-concept gourmet kitchen with beautiful shaker cabinets, dazzling backsplash, granite countertops, your gas stove, top of the line stainless steel appliances, a large island and bar seating. Dine in or out, because you are minutes from fine dining, local pubs, shopping malls and more. Sit in your living area and enjoy the tranquil and spacious living area. The top floor features your luxurious primary room and other rooms. Enjoy views of downtown Chandler and mountains. Wash the day away in your huge glass walk-in shower and extra wide primary bathroom with private toilet room. But the luxury extends beyond your front door. The Rhythm Community boasts an incredible resort-style pool, perfect for cooling off on hot days. Work up a sweat in the state-of-the-art fitness center, then unwind by the fire pits. Plus, with its central location, you're just 15 minutes from the airport and Arizona State University, with shopping and restaurants at your fingertips. Come feel the Rhythm lifestyle today! Rhythm is a sought-after gated community home to families and young professionals alike. Located in both Tempe and west Chandler, the project encompasses a stylish urban living destination packed with resort-inspired amenities. The design features an influx of resident-exclusive luxuries such as a state-of-the-art fitness center, large heated swimming pool, relaxing spa, play pool, fire pit lounge, grill retreats with an outdoor smoker, shaded gathering areas, event lawn, lounge areas with tv's, basketball court, and biking/walking paths. Rhythm's amenities were centralized with walkable connectivity on the main entrance to provide a sense of arrival and an ease of access for residents to engage its heart of social activity.

12729 W Martin Road Casa Grande, AZ 85194

$619,000
4 Beds
3 Baths
2,351 SqFt
Status Active Under Contract
MLS # 6737387
Property Type Single Family Residence
Price Type --
Outstanding and well Upgraded 4 Bedroom, 3 Bath home located in desirable Val Vista Estates on a 1+acre lot. With a view fence all-around of the beautiful mountains, landscape and more. New Appliances, New Pool decking, pool surface and Salt water system in the pool, New Exterior Paint, New Hot Water Heater. RV Gate, Oversized 3 car garage, Cabana in the Backyard. Front Door opens up to Spacious Great Room w/Custom framing, Chef's Kitchen, Quartz Counters, walk-in pantry. Bedrooms 1 and 2 feature En Suite Baths with walk-in showers. Spacious primary bedroom 1 has a soaker tub, a custom walk-in closet with shelving and room for everything, and access to the back patio and gorgeous views. Bedroom 4 can double as an office/den with French doors and blinds for privacy. Full hall bath and access to pool in backyard. Inside laundry room, lots of cabinets and countertops, Entertainers backyard with covered back patio and gorgeous views. Fast access to freeway for an easy commute.

9216 W Pinnacle Vista Drive Peoria, AZ 85383

$619,000
5 Beds
3 Baths
2,622 SqFt
Status Active
MLS # 6717034
Property Type Single Family Residence
Price Type --
Buyers check this out ''GREAT DEAL'' Seller to pay for Solar for 1 year and 5,000 concessions for upgrades. Welcome to luxury living at its finest in this 5-bedroom, 3-bath home nestled on a corner lot in Peoria, AZ. Step inside to discover a custom front door, quartz countertops, and a 3-car tandem garage with epoxy floors and RV gate access. Outside, enjoy a resort-style backyard featuring a pool and ample space for entertaining. With a split floor plan, great room layout, and solar panels for energy efficiency, this home offers both style and sustainability. Located near shopping, dining, and entertainment, it's the perfect blend of comfort and convenience. RV parking allowed 7ft high and 21 feet long on the property.

15210 S 44th Place Phoenix, AZ 85044

$619,000
4 Beds
3 Baths
2,315 SqFt
Status Active
MLS # 6725779
Property Type Single Family Residence
Price Type --
Must see this gorgeous remodel with new white shaker cabinets, self closing with brushed nickel hardware. Stainless kitchen appliances with Granite counter tops. All downstairs floors done in wood look vinyl planks and upstairs is upgraded neutral carpet. One bedroom and full bath downstairs. Two upstairs bedrooms share a Jack and Jill bath. Huge owner's suite, Bath has step in shower plus tub and large walk in closet. Freshly painted, inside and out. Both AC units new in 2022, Gas water heater new in 2021. Front and back yards have artificial grass in 2024. Fenced play pool and spa. Nice well kept community with no HOA, close to freeways and shopping.

22794 E Stacey Road Queen Creek, AZ 85142

$619,000
4 Beds
3 Baths
2,770 SqFt
Status Active
MLS # 6739105
Property Type Single Family Residence
Price Type --
Incredible Fall Move In Ready Home at the highly desired community of Harvest in Queen Creek. This beautiful plan offers 2753 sq ft, 4 bedrooms, loft, 3 full baths, and study on a large North back home site. Enjoy entertaining in your gourmet kitchen, with stunning pecan cabinets to the 10 ft ceiling, quartz countertops and quartz backsplash. Unwind in your owners retreat with the upgraded super shower offering tile to the ceiling. 2x6 constrution and new home warranty; SEE YOU SOON

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