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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899 S Roanoke Street Gilbert, AZ 85296

$612,000

4 Beds

2.5 Baths

1,892 SqFt

Status Active Under Contract

MLS # 6723501

Property Type Single Family Residence

Price Type --

Welcome to your dream home in a prime Gilbert neighborhood, offering an exceptional blend of modern luxury and serene surroundings. This meticulously maintained property offers the perfect blend of indoor comfort and outdoor tranquility, making it an ideal choice for discerning buyers. Bathed in natural light, this home boasts extensive remodeling with attention to detail. Featuring waterfall countertops, the kitchen is both stylish and functional, catering to culinary enthusiasts. Custom accent walls in the living room and primary bedroom add character and charm. Experience luxury in the spa-like primary bathroom, offering a retreat within your own home. Enjoy a large, private backyard adorned with fruit trees and a sparkling pool, ideal for relaxation and entertaining. New roof in 2021.

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16180 W Glenrosa Avenue Goodyear, AZ 85395

$612,000

5 Beds

3.5 Baths

3,066 SqFt

Status Active

MLS # 6651477

Property Type Single Family Residence

Price Type --

Embrace the beauty of this wonderful 5-bedroom haven in Palm Valley! This home has a split floorplan, spacious primary bedroom with a remodeled walk-in shower, his and hers vanities and a walk-in closet. This home also features a MIL suite with it's own entrance from the courtyard and private bathroom PLUS an extended driveway with an RV Gate. The open-concept kitchen displays recessed lighting, a pantry, staggered cabinetry adorned with crown moulding, granite counters & backsplash and stainless steel appliances. Lastly, the backyard features a covered patio and a shimmering pool, perfect for warm summer days! Hurry! This gem will surely impress you!

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1291 W Treasure Trail Apache Junction, AZ 85120

$611,217

4 Beds

2 Baths

2,432 SqFt

Status Active

MLS # 6750806

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. The Avelino floor plan offers a refined single-story design with four bedrooms, including an AllGen suite, and a spacious flex area ideal for an office, TV room, or study. Featuring front yard landscaping, this home will be ready for occupancy in October or November. Conveniently situated near community parks, grocery stores, and dining options.

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3968 E Gold Mountain Avenue San Tan Valley, AZ 85143

$610,791

4 Beds

3.5 Baths

3,146 SqFt

Status Active

MLS # 6749023

Property Type Single Family Residence

Price Type --

Gorgeous new home in Bella Vista Farms, located in San Tan Valley. The community offers access to the community pool, playground, basketball court, and volleyball court. Enjoy designer selections throughout the home including a GE Gourmet kitchen appliance package with a gas cooktop, Hana Sky Quartz countertops in the kitchen, Polaris Plus LVP, upgraded carpets, Aristokraft cabinets in flagstone, and a frameless walk-in shower in the primary bathroom. Other highlights include a split floor plan, north/south exposure, and a pool sized homesite. Utilities include Mesa Gas, EPCOR water, and Rural Metro.

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28211 N 213th Drive Wittmann, AZ 85361

$610,000

4 Beds

2.5 Baths

2,142 SqFt

Status Active

MLS # 6680592

Property Type Single Family Residence

Price Type --

Beautiful New Home on 1-plus acre lot! Landscaping coming soon. NO HOA! 4 Car Garage with a drive through and dog wash station for dog lovers! EV Charger in garage for electric vehicles. 4 bedrooms and 2.5 baths. The Kitchen has a Large Center Island w/ Beautiful Quartz Countertops. Walk-in pantry - Stainless Steel Appliances! Freestanding Soaking Bathtub and Separate Shower - Walk in Closet - Separate Bedroom Exit to the Patio. Plenty of room for your toys and Horses. Easy Access to Grand AVE the 303 Surprise and Wickenburg amenities.

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44230 N 44th Lane Phoenix, AZ 85087

$610,000

3 Beds

2 Baths

1,695 SqFt

Status Active

MLS # 6756463

Property Type Single Family Residence

Price Type --

Experience breathtaking mountain views and enjoy a professionally landscaped yard with low-maintenance synthetic grass in back, perfectly complementing the brand-new saltwater pool with a reversible speed motor. This newly built Energy Star 2024 home is truly a rare find! Offering 2 spacious bedrooms, a versatile flex room, 2 bathrooms, and a 3-car tandem garage complete with a service door and overhead storage, this home is filled with upscale touches. The interior features stunning ceiling box beams, elegant tile flooring throughout, custom interior paint, and insulated walls for added soundproofing. The expansive laundry room includes a closet, storage racks, and a convenient wet sink. The open-concept floor plan showcases a gourmet kitchen with a stylish backsplash, gas stove, pendant-lit island with breakfast bar, wall ovens, quartz countertops, and a walk-in pantry that flows effortlessly into the dining and great room areas. A 4-panel glass patio door invites you to the covered outdoor patio for seamless indoor-outdoor living. The master suite offers luxury and comfort with custom built-in cabinetry, a barn door, an upgraded step-in shower, and a generously sized walk-in closet with extra shelving. Additional home features include a whole-house premium water filtration system, water softener, reverse osmosis system, ceiling fans, blinds, patio roller shades, and smart home technology including a smart thermostat. The backyard is perfect for entertaining, with a gas BBQ stub, pool safety features, self-closing patio doors, and a secured exterior gate, all enclosed by block and view fencing.

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2122 W Virginia Avenue Phoenix, AZ 85009

New

$610,000

5 Beds

2 Baths

2,150 SqFt

Status Active

MLS # 6760861

Property Type Single Family Residence

Price Type --

Come see this Newly Constructed, 4 bedrooms, 2 baths, New AC Units, A Casita, or Mother-in-law suite, near Encanto Park, Easy access to I -10 & I -17 Freeways, Shopping, Restaurants, Great Schools, Arizona State Fair Grounds, Downtown Phoenix's Vibrant Cultural Scene, Dining & Entertainment, Easy Access to Encanto 18 Golf Course

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31305 N 26th Drive Phoenix, AZ 85085

$610,000

4 Beds

3 Baths

2,118 SqFt

Status Active

MLS # 6755957

Property Type Single Family Residence

Price Type --

Home has been lovingly cared for. 4 bedrooms and 3bath +Den . Well laid out floorplan - Front bedroom perfect for guest, live in nanny or perfect for parent. Large additional office/study or xtra area for TV room. Enter spacious great room - which looks out over Spacious Paver Patio. Backyard is like stepping into a Private Oasis. Kitchen has a Center station to serve as a Breakfast Bar or Cooking area for the Chef of the family. Kitchen includes walk-in panty and a Butler area for all your Kitchen Gadgets Bosch Dishwasher - Central vac , Security System- Assumable Cost Saving Solar, Rarely seen full Gutters, Ex Large Garage w/ suspended storage. minutes from Hwy 17, TSMC, Newer Frys Market place, Lake Pleasant Location Location. Come Take a Look & Fall in Love

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3016 S George Drive Tempe, AZ 85282

$610,000

4 Beds

2 Baths

2,085 SqFt

Status Active

MLS # 6748526

Property Type Single Family Residence

Price Type --

Location! Location! Location! Near ASU, 101, 202 & 60. This 4-bedroom, 2-bath over 2,000 sq feet home features a 3-car garage extended for your storage needs and a welcoming front courtyard to enjoy. Inside, the opportunities are immense with multiple living areas options including a family room with fireplace and a bonus room. The open kitchen showcases ample white cabinetry, stainless steel appliances, and a large peninsula with a breakfast bar. The main bedroom includes a closet with mirrored doors and a private updated bathroom. The backyard completes this home with an open patio, natural grass for outdoor activities, and a refreshing pool. Newer windows, paint and roof make this home move in ready for you or as an investor. Don't delay it won't last long. NO HOA.

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4386 E Selena Drive Phoenix, AZ 85050

$610,000

3 Beds

2.5 Baths

2,171 SqFt

Status Active

MLS # 6758795

Property Type Single Family Residence

Price Type --

This beautiful 3-bedroom, 2.5-bathroom home boasts a bright, open layout. As you enter, you're greeted by a spacious living area that flows seamlessly into the dining and kitchen spaces perfect for entertaining. Upstairs, you'll find three generously sized bedrooms, along with a large flex room—perfect for a home office, playroom, or additional living space. The primary suite is split and offers a private retreat with an ensuite bath and walk-in closet. Located on a picturesque, tree-lined street, the curb appeal is undeniable. The patio is a private oasis, ideal for outdoor dining or simply enjoying the Arizona sunshine. Easy access to local schools, parks, and shopping, don't miss out on this North Phoenix Gem!

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3230 E Woodside Way Gilbert, AZ 85297

$610,000

4 Beds

3 Baths

2,166 SqFt

Status Active

MLS # 6756120

Property Type Single Family Residence

Price Type --

CORNER LOT in beautiful Santan Ranch. This community is full of beautiful parks and walking trails and located just 10 min from Mesa Gateway Airport and only 1.5 miles north of Gilbert Regional Park! This home offers stunning high vaulted ceilings that allow in our beautiful Arizona light! But is also equipt with new sun shades for the windows to keep it cool. Enjoy your open plan, modern living space with new floors and appliances as of 2023. You'll be able to enjoy 3 spacious bedrooms upstairs and a bedroom and full bath on the main floor as well. Your stunning back yard will feel nice and open on the corner lot. This yard has all new landscaping and a new pool pump as of late 2023. Come check this beauty out today! We can't wait to have you!

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19290 E Apricot Lane Queen Creek, AZ 85142

$610,000

3 Beds

3.5 Baths

2,596 SqFt

Status Active Under Contract

MLS # 6758717

Property Type Single Family Residence

Price Type --

Located in the desirable Villagio Community, this home features a 3-car garage and a gated courtyard. The iron gate was installed in 2021 and the front door was upgraded with stained glass in 2020. Inside, you'll find fresh paint, beautiful wood-look and tile floors, elegant archways, and plantation shutters. The great room is ideal for gatherings, enhanced by surround sound. The chef's kitchen is equipped with stainless steel appliances, granite countertops, and a spacious island with a breakfast bar. Two master bathrooms add convenience, while the main suite offers outdoor access, dual vanities, a soaking tub, and a walk-in closet. The backyard provides a peaceful retreat with a covered patio, pavers, and a cozy fire pit.

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