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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1419 California Drive Chino Valley, AZ 86323

$610,000
3 Beds
2 Baths
1,937 SqFt
Status Active
MLS # 6651628
Property Type Single Family Residence
Price Type --
This stunning single-level home in the Chino Valley is a hidden treasure, surpassing the allure of new constructions. Its flawless design and meticulous layout make it a true gem. Boasting 3 bedrooms, 2 baths, and a 2-car garage, this spacious abode offers everything you need. As you step inside, the open and airy ambiance, created by the high-volume ceilings, instantly embraces you, making you feel right at home. In summary, this single-level home surpasses expectations with its impeccable design, thoughtful layout, and luxurious features. It is a haven of comfort and elegance, offering a true sense of home. This remarkable home goes above and beyond with its thoughtful features and attention to detail. Each of the 3 bedrooms boasts its own spacious closet, ensuring ample storage

10114 W Cashman Drive Peoria, AZ 85383

$610,000
4 Beds
3.5 Baths
2,682 SqFt
Status Active
MLS # 6687084
Property Type Single Family Residence
Price Type --
10114 W Cashman Dr, Peoria, AZ 85383 - Priced to Sell! Pride of ownership in The Meadows, do not miss this beautiful home built in 2019 with all of the upgrades, 4 bedrooms all upstairs (1 is guest suite with private bath), Granite countertops, Gourmet stainless steel appliances with gas cooktop, large island and nice size pantry, tile backsplash, extensive wood plank tile flooring, custom window coverings, extended master shower with rain showerhead, oversized garage, water softener, Alarm system, low maintenance backyard, kids playset, nice corner lot, Community pool & hot tub, Pickle Ball Court, clubhouse, volleyball & basketball courts and other features. Easy access to Loop 303, less than 20 minutes to new Taiwan Semiconductor Manufacturing Plant.

4302 E Tether Trail Phoenix, AZ 85050

$610,000
3 Beds
2.5 Baths
1,941 SqFt
Status Active
MLS # 6736469
Property Type Single Family Residence
Price Type --
Don't miss out on this beautiful home in highly desirable community of Tatum Highlands. This well maintained home boasts 3 bedrooms, 2.5 baths, upstairs loft with large balcony. The main level sparkles with large formal living and dining room, newly remodeled kitchen with upgraded SS appliances open to the spacious family room. The stunning backyard features large pool, extended covered patio, beautiful and well maintained landscaping perfect for entertaining. Exterior recently painted. Prime location corner lot on quiet street in Tatum Highlands. Backyard water feature turned off but fully operational

4131 N Lomond -- Mesa, AZ 85215

$610,000
4 Beds
2 Baths
2,350 SqFt
Status Active
MLS # 6709414
Property Type Single Family Residence
Price Type --
Move-in ready. BRAND NEW HVAC & FRESH PAINT THROUGHOUT! Popular one-level floor plan in Red Mountain Ranch, close to golf, tennis, parks. The large back yard is a private oasis. Great for personal enjoyment or entertaining, you'll love the cocktail pool, built-in propane grill, fire pit, and grapefruit, orange, and lemon trees. Electrical updates. The fireplace is graced to the ceiling with beautiful flagstone. Spacious bedrooms. Separate patio door from primary bedroom. Bedroom fits king-sized furniture with ample room for a sitting area. Garage includes massive storage and an epoxy floor. Low HOA fees. For the outdoor enthusiast easy access to the Tonto National Forest. ... (Salt River, Saguaro Lake, Lake Roosevelt) is very close by for you to enjoy hiking, biking, boating, fishing, and hunting.

5095 N Grand Drive Apache Junction, AZ 85120

$610,000
3 Beds
2 Baths
1,705 SqFt
Status Active
MLS # 6733476
Property Type Single Family Residence
Price Type --
Enjoy awesome Goldfield and Superstition Mountain views from this 3 bedroom, 2 bath home situated on 1.25 acre. The open floor plan is enhanced with lots of natural light, vaulted ceiling and tile floors. Kitchen is complete with ample cabinets, granite counters, center island, wine bar and all appliances. Master suite offers large walk-in closet, spacious tile shower, dual vanities and exit to the extended front patio...A perfect place to enjoy amazing sunrises and sunsets while relaxing in the hot tub. The block fencing ensures privacy and defines multiple areas for additional garage space, horse facilities or room to roam. 2 Party Shared Well currently being installed.

6309 N 14th Street Phoenix, AZ 85014

$610,000
3 Beds
3 Baths
2,226 SqFt
Status Active
MLS # 6748320
Property Type Single Family Residence
Price Type --
Discover this exceptional home nestled in an exclusive gated community of just 22 patio homes. Perfectly located for easy access to entertainment, shopping, downtown, and the airport, this residence offers the ultimate in convenience and luxury. Inside, you'll find two master suites, with a third bedroom that can easily serve as a guest room or home office. The spacious living room features a cathedral ceiling and a stunning fireplace, while the charming patio off the dining room offers an elegant oasis to unwind. Additional highlights include brand-new HVAC and flooring, and fresh interior paint!

13665 W Evans Drive Surprise, AZ 85379

$610,000
5 Beds
3.5 Baths
3,540 SqFt
Status Active
MLS # 6703301
Property Type Single Family Residence
Price Type --
This beautiful property is well maintained, with large open living areas and high ceilings. It has a large new kitchen with lots of storage, new carpet throughout, newly painted, very large garage and much more! Four bedrooms are upstairs, including master bedroom with a balcony, and a family room. The fifth bedroom is downstairs with a full bathroom. This home is great for a growing family!

25325 N Naples Street Paulden, AZ 86334

$610,000
3 Beds
2 Baths
1,980 SqFt
Status Active
MLS # 6700936
Property Type Single Family Residence
Price Type --
Two parcels are seamlessly merged together to equal a total of 9.795 acres. Nestled on sprawling acreage, this picturesque single family home offers an idyllic retreat enveloped by panoramic mountain vistas. Offering 3 bedrooms and 2 bathrooms, this charming residence exudes warmth and character. The inviting living room features a cathedral ceiling adorned with rustic beams, accentuating the space and charm. A wood-burning fireplace with exquisite Mexican brick infuses the room with cozy ambiance for chilly evenings. The ornate front door welcomes guests, while new storm doors on both the front and back entrances providing weather resistance. Recent upgrades include a new air conditioning and heating unit, new windows, and fresh exterior paint, ensuring modern comfort and aesthetic appeal. The home and its accompanying three-car garage, complete with storage and workbenches, boasts new roofs, offering peace of mind and longevity. A newly installed gravel driveway with gated entrance leads to the residence, which sits back a quarter-mile, offering unparalleled privacy and tranquility. The landscaped grounds boasts a variety of trees, including elm, mondell pine, Arizona cypress, juniper, purple robe locus, Arizona ash, locus and chase. Fruit trees, include apple, plum, mulberry, and Arizona walnut, creating a serene oasis. The driveway is flanked by majestic pine trees, while automatic irrigation ensures lush greenery thrives. Additional amenities include a shed, well house, chicken coop, and greenhouse with two garden beds with carrots, sweet potatoes, celery and basil. A fenced and cross fenced perimeter, complete with chain link and wire fencing, ensures security and functionality, while an interior yard with wire fencing and gates offers versatility. Great for children and the family pets. Outdoor enthusiasts will delight in the covered back patio, perfect for al fresco dining, and rustic red barn with four stalls, corrals and turnouts. A horseman's paradise with room to expand. A 10x16 concrete and block patio with redwood railing off the dining area provides a serene spot to admire the breathtaking sunsets to the west. With one RV hook-up equipped with 30 amp, power, water, and sewer access, the additional RV hook-up has 30 amp, power and is near water. This property offers endless possibilities. Update this home to your own personal style. Enjoy the relaxation and recreation of this beautiful property! Parcel numbers: 304-01-032A and 304-01-032B, both parcels combined are being sold at the list price.

4337 E Vaughn Avenue Gilbert, AZ 85234

$610,000
5 Beds
3 Baths
2,556 SqFt
Status Active
MLS # 6722059
Property Type Single Family Residence
Price Type --
You'll LOVE this remarkable 5-bed, 3-bath home in the desirable Morrison Ranch neighborhood! Gorgeous lake community with tree-lined streets, large green belts and parks. Fabulous interior showcases designer paint, layered crown molding and tons of natural light. Perfect for gatherings, you have a welcoming living/dining room combo and a large family room w/additional eating area! The impressive kitchen boasts sleek SS appliances, granite counters, a pantry and center island. Modern bathroom updates, water softener and whole home water system. One bedroom downstairs and four bedrooms upstairs along w/flexible loft upstairs! Sizable main bedroom has an ensuite with dual sinks, separate tub/shower, & a walk-in closet. Discover the backyard, ideal for relaxing ! A covered patio, well-laid pavers, synthetic lawn, & gazebo make this a must see!

2101 N Normal Avenue Tempe, AZ 85288

$610,000
3 Beds
2 Baths
1,513 SqFt
Status Active
MLS # 6753795
Property Type Single Family Residence
Price Type --
This property highlights pride- of-ownership and a prime location! This is a one- of- a -kind property awaiting it's next owner to create incredible Arizona memories! Beautiful wood flooring, recessed lighting, barn doors, custom wall decor & a lovely great room await you inside. A delightful eat-in kitchen, featuring large shaker cabinets w/crown molding, granite counters, stainless steel appliances, tile backsplash, & a center island w/breakfast bar. The low maintenance backyard is the ideal place for all your gatherings under the vast Arizona sky. Relax under the cozy covered patio & keep toasty late at night around the fire pit. Located in a quiet neighborhood just minutes from Old Town Scottsdale, ASU, the Entertainment District! Don't miss out!

18822 N Grandview Drive Sun City West, AZ 85375

$610,000
2 Beds
2 Baths
2,319 SqFt
Status Active
MLS # 6750441
Property Type Single Family Residence
Price Type --
Home is situated on the 10th fairway on the Grandview Golf Course in Sun City West. The paid-up solar lease from 2011 is the cherry on top, giving you the luxury of sustainable energy. This property is complete with premium upgrades in the kitchen with quartz countertops, stylish cabinets, and stainless steel appliances. The roof underlayment was added in 2017, providing an extra measure of longevity. The HVAC system was updated in 2013. The Master Bath was beautifully appointed with new cabinets, tiled shower and sinks and plantation shutters in the master bedroom. Further adding to the charm are the tubular skylights adding natural light. Complementing the indoor living space, an enclosed lanai and covered patio beckon outside offering serene spaces to unwind and entertain.

2328 E Laurel Lane Phoenix, AZ 85028

$610,000
3 Beds
2 Baths
1,619 SqFt
Status Active
MLS # 6724018
Property Type Single Family Residence
Price Type --
Beautifully remodeled 3-bedroom, 2-bathroom property with mountain views. The open floor plan features a kitchen with new white cabinets, stainless steel appliances, quartz countertops, and an island. The large family room is perfect for gatherings. The bathrooms boast custom-designed showers. This house has everything you've dreamed of and more.

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