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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6754 W Andrea Drive Peoria, AZ 85383

$617,990

3 Beds

2.5 Baths

2,125 SqFt

Status Active

MLS # 6740369

Property Type Single Family Residence

Price Type --

Nearing completion, ready to call home in September! Experience the charm of Aloravita, nestled within the scenic mountains of Peoria. This community boasts breathtaking views and is conveniently located minutes away from shopping, dining, hiking trails and more! Our popular 'Barstown' floorplan features 3 full bedrooms, 2.5 bathrooms, 2 Car-Garage and a private yard with views! Designer selected finish includes Burlap Cabinetry, Quartz Kitchen Countertops, Wood Like Tile Throughout, and Plush Carpet in all the bedrooms. This beautiful home will have it all including 8' doors, Gourmet Gas Kitchen, Smudge Proof Stainless Steel Appliances, Blinds, Pre-Plumb for Soft Water, and Smart Home Technology. Interior photos of similar spec home, options will vary

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13815 W Forest Pleasant Place Peoria, AZ 85383

$617,990

3 Beds

2.5 Baths

2,503 SqFt

Status Active

MLS # 6622598

Property Type Single Family Residence

Price Type --

Up to 3% of base price or total purchase price, whichever is less, is available through preferred lender plus additional 3% of base price or total purchase price, whichever is less, is available to be used toward closing costs, pre-paids, rate buy downs, and/or price adjustments. Beautiful Parklane quick move in home featuring a chef kitchen layout with white quartz countertops, white cabinets, subway tile backsplash and stunning wood look plank tile flooring throughout main living area.

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1181 E Cathy Drive Gilbert, AZ 85296

$617,900

5 Beds

3 Baths

2,137 SqFt

Status Active Under Contract

MLS # 6755861

Property Type Single Family Residence

Price Type --

Step into this fantastic 5-bedroom, 3-bathroom home on an oversized corner lot, featuring a pool and ample space to create your ideal backyard. The interior includes a convenient first-floor bedroom and full bathroom, while the updated kitchen and bathrooms add a modern touch throughout. Outside, you'll find a 3-car garage and an extended driveway. Ideally located within 10 minutes of Downtown Gilbert, San Tan Village, and top-rated schools, this home offers both comfort and convenience. Enjoy community amenities such as greenbelts, a playground, and Ramadas. Don't miss out—come see it for yourself!

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1253 W Golden Ore Pass Apache Junction, AZ 85120

$617,833

5 Beds

3 Baths

2,760 SqFt

Status Active

MLS # 6740168

Property Type Single Family Residence

Price Type --

Discover the exceptional difference in your home-buying experience! Welcome to Mariposa at Blossom Rock, where our single-story Lily design is under construction now. Imagine an open-concept floor plan featuring a warm and welcoming kitchen that flows into a bright, airy great room. This space opens up to your private, covered outdoor room - perfect for relaxing or entertaining. Convenience of the 3-car garage that leads directly into the drop zone, making organization a breeze. With 5 spacious bedrooms, 3 luxurious baths, a great room with a dining area, and a flexible office space, this home has everything! Plus, we're including $55,000 in stunning upgrades to make this home truly special, and we're offering special financing to help. Home completion is estimated in October 2024.

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16820 W Camino Vivaz -- Surprise, AZ 85387

$617,000

5 Beds

3 Baths

2,959 SqFt

Status Active Under Contract

MLS # 6715461

Property Type Single Family Residence

Price Type --

Pride of ownership is shown in this remarkable corner lot property nestled in the Asante Community! Casita with a kithchenette. Fall in love w/a bright open layout showcasing neutral tile floor, a soothing color palette, recessed lighting, & multi-sliders merging the indoor w/the outdoor living. The well-appointed kitchen has wood cabinets adorned w/crown molding, granite counters, SS appliances, a pantry, & an island w/a breakfast bar. The main bedroom boasts soft carpet in all the right places, private outdoor access, a walk-in closet, & an immaculate ensuite w/dual sinks. Spend relaxing afternoons in the serene backyard, including a covered patio & easy-care artificial turf. Don't miss out on this one!

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1132 E Newland Drive Chandler, AZ 85286

$617,000

3 Beds

3.5 Baths

2,239 SqFt

Status Active

MLS # 6745723

Property Type Single Family Residence

Price Type --

This is the one you've been waiting for! One of the best floor plans in the Horizon community, located on a corner lot with guest parking just a few steps from your front door. Walk into this bright and open, highly upgraded home. Complete with 3 bedrooms, plus a loft space and 3.5 bathrooms. The luxury will speak for itself as you enjoy this stunning white kitchen, upgraded flooring package with large rooms and high ceilings! The Horizon community offers a stunning pool facility along with built in BBQ area, walking paths, playground and huge green space for those weekend football or soccer games! This gated community allows amazing access to the 202 loop and is close to shopping, dining and theater locations. We can't wait to have you come check it out.

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6798 W Andrea Drive Peoria, AZ 85383

$616,990

3 Beds

2.5 Baths

2,051 SqFt

Status Active

MLS # 6722958

Property Type Single Family Residence

Price Type --

North/South Exposure. Experience the charm of Aloravita, nestled within the scenic mountains of Peoria. This community boasts breathtaking views and is conveniently located minutes away from shopping, dining, hiking trails and more! Our popular 'El Dorado' floorplan features 3 full bedrooms, 2.5 bathrooms, 2 Car-Garage and a private yard with views! Designer selected finish includes White Cabinetry, Quartz Kitchen Countertops, Wood Like Tile Throughout, and Plush Carpet in all the bedrooms. This beautiful home will have it all including 9' ceilings, Gourmet Gas Kitchen, Smudge Proof Stainless Steel Appliances, Blinds, Pre-Plumb for Soft Water, and Smart Home Technology. Home is under construction, estimated completion August*Photos of similar spec to show layout, options will vary*

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2613 E Dragoon Avenue Mesa, AZ 85204

$616,500

5 Beds

3 Baths

2,598 SqFt

Status Active

MLS # 6714910

Property Type Single Family Residence

Price Type --

NO HOA! A LARGE BEAUTIFUL 2598 SQ.FT. 2 STORY, TRI-LEVEL 5 BEDROOM, 3 BATH HOME IN A QUIET STREET AND NEIGHBORHOOD SURROUNDED BY LARGE CUSTOM HOMES. THIS HOME IS ONE OUT OF ONLY 9-10 SIMILAR 2 STORY, TRI-LEVEL HOMES IN THE NEIGHBORHOOD. Home is currently owner-occupied. HOME IS BEING SOLD AS-IS IN ITS CURRENT CONDITION - The Seller will provide a two-year Premium Home Warranty Plan.

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19201 W Missouri Avenue Litchfield Park, AZ 85340

$616,070

5 Beds

4 Baths

3,475 SqFt

Status Active

MLS # 6741966

Property Type Single Family Residence

Price Type --

BE IN THIS BEAUTIFUL NEW HOME IN SEPTEMBER 2024. This amazing 5 Bedroom, 4 bath home with a 3-car garage home is on a large lot with a large, covered patio and plenty room for a wonderful pool. It has a highly sought after full bedroom & bath downstairs, with 4 bedrooms, 3 baths & loft upstairs. Gourmet Kitchen has a beautiful large island with Quartz countertops and a custom backsplash, walk in pantry & butler's pantry. Kitchen is open to a large Great Room and has a formal dining that could also serve as a den. All bedrooms are spacious and have walk in closets and connected with a wonderful upstairs loft. Master suite has his & her closets, separate tub & shower along with separate vanities. Come see us. PHOTOS ARE OF THE MODEL HOME. SEE SELECTION BOARD.

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6741 W Andrea Drive Peoria, AZ 85383

$615,990

3 Beds

2.5 Baths

2,125 SqFt

Status Active

MLS # 6720424

Property Type Single Family Residence

Price Type --

Now complete! You don't want to miss out on this spectacular lot! Experience the charm of Aloravita, nestled within the scenic mountains of Peoria. This community boasts breathtaking views and is conveniently located minutes away from shopping, dining, hiking trails and more! Our popular 'Barstown' floorplan features 3 full bedrooms, 2.5 bathrooms, 2 Car-Garage and a private yard with views! Designer selected finish includes Burlap Cabinetry, Quartz Kitchen Countertops, Wood Like Tile Throughout, and Plush Carpet in all the bedrooms. This beautiful home will have it all including 8' doors, Gourmet Gas Kitchen, Smudge Proof Stainless Steel Appliances, Blinds, Pre-Plumb for Soft Water, and Smart Home Technology. Interior photos of similar spec home, options will vary**

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721 E State Avenue Phoenix, AZ 85020

$615,500

3 Beds

2 Baths

1,490 SqFt

Status Active

MLS # 6734998

Property Type Single Family Residence

Price Type --

Adorable updated North Central Charmer in the highly desirable Northwood neighborhood. Cute as a button, lovingly restored and refreshed. HUGE green irrigated lot with abundant room for pool, hardscape or addition for more square footage. Updates include new windows, new electrical panel and outlets, full kitchen and baths, interior and exterior paint, new laminate wood flooring. Please see supplement in document tap for full list. Highly desired Madison School district, within walking distance to Madison Simis. Conveniently located in the North Central corridor~ a quick walk or bike ride to Lucy's at the Orchard, Murphy Bridal Path, Uptown Farmers Market and many new restaurants. Minutes from downtown and easy access to freeways. A true move in ready gem ready for you to call hom New interior and exterior paint New flooring throughout New windows (except front grid window) New baseboards Fully remodeled kitchen cabinets, countertops, plumbing, appliances Fully remodeled bathrooms including plumbing Updated cabinet hardware throughout Added laundry room storage cabinets New exterior primary bedroom door New closet racks and shelving New ceiling fans + light fixtures Updated electrical panel New electrical at outlets Front exterior planter Updated irrigation leveling New exterior patio paint New patio fan, electrical outlets New exterior lighting

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646 W Naranja Avenue Mesa, AZ 85210

$615,199

4 Beds

2.5 Baths

2,039 SqFt

Status Active

MLS # 6738172

Property Type Single Family Residence

Price Type --

**Price Reduced** $10k Below Market value and ready to sell, Seller says bring an offer!! Welcome to your dream home, a beautifully remodeled gem located in desirable Mesa neighborhood. This stunning residence has been thoughtfully updated both inside and out, combining modern luxury with functional design. The updated kitchen is a chef's delight, featuring sleek stainless steel appliances and elegant quartz countertops that make meal preparation a pleasure. Crown molding throughout the downstairs and in the primary bedroom adds a touch of sophistication, while all-new fixtures and custom shutters with faux blinds enhance the home's refined aesthetic. Step outside to enjoy your private oasisa sparkling pool perfect for cooling off on hot summer days. The front and back yards are zero-scaped, providing beautiful, low-maintenance outdoor spaces that are as practical as they are attractive. This home isn't just a place to live; it's a lifestyle upgrade. Don't miss out on this exceptional opportunity, schedule a showing today and experience the perfect blend of elegance and convenience!

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