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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1820 N 199th Avenue Buckeye, AZ 85396

$615,000

4 Beds

2.5 Baths

2,050 SqFt

Status Active

MLS # 6753132

Property Type Single Family Residence

Price Type --

Great ranch home in an amazing location right off the I-10 freeway with spectacular mountain views! This 4 bedroom, 2.5 bath home has a large comfortable floor plan with over 2,000 sq ft livable for any family to enjoy. There is a 30' x 60' detached workshop on the property that has electricity and water !HUGE BONUS! The roof is only 5 years old. Home was fully remodeled in 2018 with new windows, plumbing, new tile throughout, new bathrooms fully gutted, beautiful quartz countertops, exterior & Interior paint, the list goes on and on. The backyard has 2 large covered patios with a BBQ area and a designated OUTDOOR BATHROOM for guests to use without having to go into the main house. You can see the pride in ownership here and with over an acre of land the possibilities are endless!

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13326 W Montansoro Lane Peoria, AZ 85383

$615,000

2 Beds

2 Baths

1,760 SqFt

Status Active

MLS # 6753497

Property Type Single Family Residence

Price Type --

SPECTACULAR N/S home on a PREMIUM lot with a NATURAL DESERT/MOUNTAIN SETTING - walking distance to the MITA CLUB! This GORGEOUS like new - open concept - 2022 built Vibrant shows like a MODEL & furniture can be purchased on a separate Bill of Sale making it the perfect winter retreat or full-time home! PAVER driveway/walkway & STONE ACCENTS greet you as you enter this PRISTINE home! STUNNING tile flooring in all the right areas & upgraded carpet in the bedrooms. The BEAUTIFUL kitchen features a large breakfast island, pendant lighting, roll-outs/trash-recycle & soft close drawers, LED under cabinet lighting, GRANITE slab, large pantry, gas stove, SS appliances & dining area. Great room w/2 large windows overlook the natural desert. Den/office has a BUILT-IN cabinet for additional storage. Both baths have CUSTOM tile showers w/decorative listelles - framed mirrors in the spacious owner's suite w/dual sinks & large walk-in closet. Enjoy your FENCED backyard DESERT OASIS - EXTENDED COVERED paver patio, synthetic grass, lighting & natural stone fountain. What an AMAZING opportunity to make this your HOME!! Upgrades: split-tilt plantation shutters, drapery panels, two tone paint t/o, laundry sink w/upper & lower cabinets w/stone c-tops, larger baseboards t/o, lighting, ceiling fans, deeper garage for toys/storage, water softener, reverse osmosis & trash enclosure on side of home.

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29449 N 51st Street Cave Creek, AZ 85331

$615,000

4 Beds

2 Baths

1,591 SqFt

Status Active

MLS # 6753534

Property Type Single Family Residence

Price Type --

Remodeled w/ NEW ROOF, 4-bedroom, 2 Car, single-story gem in Cave Creek, just minutes from Scottsdale & Desert Ridge! This home is designed to impress, featuring a Chefs Dream kitchen with high-end GE Cafe Series appliances, Induction Range w/ double ovens, sleek white shaker cabinets, soft-close doors & drawers, white quartz countertops throughout, & sophisticated champagne gold fixtures. The bathrooms have been updated with modern vanities, undermount sinks, stylish fixtures, lighting & mirrors. The entire home boasts contemporary tile flooring. Step outside to a spacious backyard with NEW Artificial Turf, Landscape Watering System & Pavered patio-great for entertaining! Outdoor screens installed March 2024, 6 yr old Trane HVAC. Move in ready!

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28107 N 123rd Lane Peoria, AZ 85383

$615,000

2 Beds

2 Baths

1,682 SqFt

Status Active

MLS # 6754195

Property Type Single Family Residence

Price Type --

WELCOME to RESORT STYLE LIVING in This BEAUTIFUL UPDATED MONTIS MODEL in TRILOGY at VISTANCIA. LIGHT & BRIGHT KITCHEN Features SOFT GRAY CABINETS, QUARTZ COUNTERS, All NEW SS APPLIANCES in 2020. ENERGY EFFICIENT CARRIER 4 TON AC/HEATPUMP 2023. WINDOWS in MBR and DEN REPLACED 2023, CUSTOM LAUNDRY SPACE DESIGNED for GE WASHER/DRYER COMBO 2023, ABUNDANT STORAGE in KITCHEN & LNDRY AREA. NEUTRAL PAINT and TILE FLOORING THROUGHOUT, UPGRADED NEWER CARPET in BEDROOMS, NEW WINDOW COVERINGS TOO! PRIVATE BACKYARD FEATURES HEATED/COOLED PEBBLE TEC POOL, COVERED PATIO W/ MISTING FAN, MOUNTAIN VIEW, and NO NEIGHBORS BEHIND. NEW FRONT LANDSCAPING 2023. Garage BOASTS HEAVY DUTY SHELVING and NEW OPENER 2024. THIS METICULOUSLY MAINTAINED HOME is ALMOST NEW and READY for NEW OWNERS.

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4366 E Sunrise Drive Phoenix, AZ 85044

$615,000

3 Beds

2 Baths

1,930 SqFt

Status Active

MLS # 6754286

Property Type Single Family Residence

Price Type --

Wow! Come and see this Ahwatukee beauty! Single level, 3 bedrooms, elevated interior corner lot, block home with almost 2000 square feet. Newer open kitchen with tons of replaced cabinets and granite counter tops opening to family room with fireplace. French doors lead you to resort backyard with large pool that was installed a few years ago, huge covered patio, artificial grass and views of South Mountain. Tile floors throughout entire home, updated ceiling fans, hardware, switches and plugs. Large primary bedroom with walk-in closet. Oversized secondary bedrooms with custom closets. Updated bathrooms and more. Please note newer HVAC, windows and recently coated roof. Refrigerator, washer, dryer convey. Not HOA and close to Western Star Park! Quick close available.

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29277 N 70th Lane Peoria, AZ 85383

$615,000

4 Beds

3 Baths

2,172 SqFt

Status Active

MLS # 6754671

Property Type Single Family Residence

Price Type --

Welcome to this beautiful 4-bed, 3-bath home in the sought-after Sonoran Mountain Ranch! Great curb appeal with a split 3-car garage, stone accent details, & a manicured desert landscape. You'll love the desirable open layout paired with plantation shutters, abundant natural light, tall ceilings, designer paint, and tile flooring w/plush carpet in bedrooms. The gourmet kitchen features granite counters, staggered Cherry cabinetry, a pantry, recessed & pendant lighting, a prep island w/breakfast bar, and SS appliances w/cooktop gas. Enter the main bedroom to find an ensuite that boasts dual sinks, a large walk-in closet, & a shower w/dry-off area. The charming backyard is the best spot for relaxing or entertaining, offering a paver-covered patio & artificial turf! What a GEM!

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8700 E Mountain View Road Unit 1077 Scottsdale, AZ 85258

$615,000

3 Beds

2 Baths

1,564 SqFt

Status Active

MLS # 6755641

Property Type Single Family Residence

Price Type --

What a rare opportunity, a Patio Home Style unit w/attached 2 car garage in the sought after community of Sun Canyon on McCormick Ranch! This 3 bdrm, 2 bath detached home offers a great rm floorplan w/eat in kitchen, wet bar and split bdrms. The 3rd bdrm has double doors so can easily function as a den or office. Situated in the furthest Northern part of community this home has the utmost privacy yet easy access. Fully appointed kitchen w/large amt of storage and stainless appliances (newer refrigerator conveys). Inside laundry that offers clothes washer & dryer that also convey. Sun Canyon HOA offers htd community pool, spa, clubhouse & lush common areas. The HOA also includes front yd maintenance, roof repair & ext. maintenance of units. Come see this amazing Patio Home ASAP!

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4570 S Felix Place Chandler, AZ 85248

$615,000

3 Beds

2.5 Baths

1,983 SqFt

Status Active

MLS # 6757381

Property Type Single Family Residence

Price Type --

Welcome to Parkview Place, a beautiful GATED Ocotillo community. This home has been meticulously maintained by original owner and shows like a model! Fabulous floor plan features 3 bedrooms, 2.5 baths PLUS a large open LOFT and 2 car garage. Modern Craftsman design features 42'' white cabinetry, stainless steel appliances, quartz kitchen countertops, wood plank style tile, upgraded carpet in bedrooms, white blinds, satin nickel fixtures and finishes, 8' four panel sliding patio door and much more. Artificial turf in yard and sparkling community pool with BBQ area.. At Parkview Place, convenient, low maintenance living meets exceptional design & innovation. Snedigar Park and the Fulton Ranch walking paths and lakes just steps away. Fabulous lock and leave opportunity!

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1014 S 2nd Street Phoenix, AZ 85004

$615,000

4 Beds

3 Baths

1,897 SqFt

Status Active

MLS # 6759017

Property Type Single Family Residence

Price Type --

This property features two separate homes, each with its own private ingress and egress, making it ideal for rental income or living in one and renting out the other. Both homes are enclosed with block wall privacy. The front home offers 2 bedrooms and 2 bath. While cozy, it has been updated with tile flooring, a fully tiled tub surround, and an all-tile shower in the second bath. Dual-pane windows throughout improve energy efficiency. The rear house is newer, with 2 bedrooms, 1 bath and 1,008 sqft of living space. Together, the two homes provide almost 2,000 sqft of total living area. Conveniently located very close to Chase Field, Footprint Center, major freeways and all of what downtown Phoenix has to offer!

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6534 W Tether Trail Phoenix, AZ 85083

$615,000

5 Beds

3.5 Baths

2,511 SqFt

Status Active

MLS # 6759325

Property Type Single Family Residence

Price Type --

REMODELED 5 BEDROOM WITH A POOL! - Beautiful 5 bed, 3.5 bath home in NW Phoenix. Close to Norterra and Lake Pleasant Towne Center. This home was extensively updated late 2022, entire new kitchen, floors, carpet, paint, and pool. The large primary suite is on the main floor along with an en-suite guest bedroom. Upstairs you will find a landing area with built in cabinets, 3 additional bedrooms, a full bath, and mountain views! The backyard is an oasis with a gas fire pit, updated diving pool with Baja shelf and built in BBQ. Tankless water heater installed in 2022 along with water softener. The home also has an OWNED solar system that will help with utility costs.

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9733 E Natal Avenue Mesa, AZ 85209

$615,000

3 Beds

2 Baths

2,141 SqFt

Status Active

MLS # 6759447

Property Type Single Family Residence

Price Type --

Come and see this beautifully remodeled 3 bed, 2 bath, 2 car garage home in east Mesa. Located in the sought after community of Augusta Ranch this home is close to the US 60 and San Tan 202 and in the Gilbert Public schools district. Pulling up to the home you see the fresh paint and low maintenance landscaping. Through the front door you are welcomed by brand new luxury vinyl plank flooring in the main living areas and plush patterned carpet in the bedrooms. The open floor plan shows off your brand new kitchen which boasts new black shaker cabinets with tons of storage, white quartz countertops, new upgraded stainless appliances, custom tile backsplash and a huge island. Just off the kitchen is a built in beverage fridge ready to be stocked full. This split floor plan has the master suite off to the left of the great room and it is stunning!! It features dual walk in closets, a brand new white shaker dual sink vanity, brushed gold accents and hardware, large marble look tile, brand new walk in shower, separate soaking tub with matching tile surround and private toilet room. New ceiling fans, door hardware light and plumbing fixtures throughout the home give it a modern feel. New window coverings. BRAND NEW ROOF! Out back there is plenty of room to entertain with a large patio with paver area extension and freshly laid sod. Garage has new epoxy floors and is oversized with extra side area perfect for storage. This home is move in ready. Don't miss out!!

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4624 E Superstition Boulevard Apache Junction, AZ 85119

$614,999

3 Beds

2 Baths

1,484 SqFt

Status Active

MLS # 6727460

Property Type Single Family Residence

Price Type --

Seller willing to contribute/negotiate concessions to Buyer. This horse property offers luxury and country living with no HOA. Key features include full slab Quartzite countertops, book-matched backsplash, soft-closing white shaker cabinets, GE slate appliance package, slate range hood, gas cooktop, Walt Disney collection lights, antique copper sinks and hardware, vaulted ceilings, abundant natural light, open floor plan, all-new flooring, new windows, storage shed, private water, and septic system. Enjoy mesmerizing views of the Superstition Mountains. Embrace serene beauty and off-grid living. Some see your private tour today! It's vacant and easy to tour.

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