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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26511 N Thornhill Court Peoria, AZ 85383

$610,000
3 Beds
2.5 Baths
1,950 SqFt
Status Active
MLS # 6728282
Property Type Single Family Residence
Price Type --
This is a beautiful, professionally designed model home that you won't want to pass up! This is the Ashton Woods Oasis floorplan, with the lot situated in a cul-de-sac with great views. This home includes several upgrades to start with a pavered driveway and entry, epoxy coated garage floor, water softener, and a solar system! Moving inside you will find the upgraded lighting throughout, built-in speakers, modern accent trim walls, master walk-in shower with rain shower faucet, upgraded laundry room with cabinets, counter and sink, and a 4-panel sliding door, that provides abundant natural light, and invites you to the covered patio. The backyard is aesthetically landscaped with pavers, artificial turf, and tile beneath a pergola creating perfect space to enjoy the outdoors.

10181 E Petroglyph Place Gold Canyon, AZ 85118

$610,000
3 Beds
2 Baths
1,887 SqFt
Status Active
MLS # 6675312
Property Type Single Family Residence
Price Type --
MOTIVATED SELLERS JUST REDUCED THE PRICE for this well maintained home. 3 bedroom, spacious main bedroom with upgraded ensuite . 2nd bedroom is oversized with an Enormous walk in closet. 3rd bedroom is great for guests or office space. Formal living/Dining/Family room floor plan. Beautiful tile flooring throughout,. The backyard has what dreams are made of. Complete with built in Chef style BBQ /BAR, Pool and Hot Tub,. There are views of the Superstition & Dinosaur mountains from the front and back on a culd a sac lot. Refrigerator, Washer /Dryer included.

2323 N Central Avenue Unit 906 Phoenix, AZ 85004

$610,000
2 Beds
2 Baths
1,456 SqFt
Status Active
MLS # 6703380
Property Type Apartment
Price Type --
Near downtown major employers & health/academic - Banner Hospital, St. Joseph, Barrow + Creighton and UA med schools & ASU downtown! High-rise panoramic views in midtown Phoenix - Lock & Leave resort lifestyle. Mountains, twinkling city lights, BIG sunset ambiance, sparkling pool below. This extensively remodeled quality condo features huge greatroom & tall ceilings. Perfect for live-work-hosting. Upgraded ventilation. Modern custom cabinetry. Lots of storage. Spacious chef's kitchen, quartz countertops. HUGE double Electrolux ICON professional refrigerator/freezer. Built-in wine cooler, oven/microwave, mirrored bar, hooded range. Custom lighting/dimmers. Outlets for art lighting. 2 bedrooms, 2 BA, upgraded closets. Reduced property taxes (historic designation). HOA covers many amenities.

22740 N 74th Lane Glendale, AZ 85310

$610,000
4 Beds
2 Baths
2,242 SqFt
Status Active
MLS # 6748677
Property Type Single Family Residence
Price Type --
Situated on a great lot in the community of Hillcrest this 4 bedroom 2 bath home has everything you are looking for. Great curb appeal with new exterior paint in 2021. Step inside to beautiful inlaid tile in neutral colors, large open living room with art niches, vaulted ceilings and bright open windows. Open kitchen with plenty of cabinet and counters space, kitchen island and great spot for a dining table - all over looking the cozy family room. Nice primary bedroom with ensuite bath featuring a step in shower, soaking tub and dual vanities. Beautiful back yard with large covered patio, sparkling pool/spa with rock accents, grassy area, and mature landscaping. New roof in 2017; New heat pump/AC in 2018; New water heater 2023. No neighbors behind you. Low HOA! So much to love!!

15002 S 46th Place Phoenix, AZ 85044

$610,000 - 4Br/3Ba -  for Sale in Monarch Lot 1-215 Tr A-d, Phoenix
Open House
$610,000
4 Beds
2.5 Baths
2,095 SqFt
Status Active
MLS # 6749101
Property Type Single Family Residence
Price Type --
Seller may consider buyer concessions if made in an offer. Welcome to your dream home! This beautifully renovated property features neutral colors throughout for an elegant touch. The remodeled kitchen is a chef's delight with shaker cabinets, stainless steel appliances, a stylish backsplash and a center island. The primary bedroom includes a spacious walk-in closet. The primary bathroom offers a custom tile shower and double sinks for added conveniece. Enjoy the covered patio in the fenced backyard. Don't miss out on this beautiful home!

16050 W Laurel Lane Surprise, AZ 85379

$610,000 - 3Br/2Ba -  for Sale in Greer Ranch North Phase 2, Surprise
Open House
New
$610,000
3 Beds
2 Baths
2,467 SqFt
Status Active
MLS # 6760467
Property Type Single Family Residence
Price Type --
This home is a SHOW STOPPER! Are you aching for a home that is even better than new? This beauty has EXTENSIVE upgrades and you will be wowed!!! Luxurious kitchen with a HUGE island for entertaining! Beautiful cabinets, backsplash, granite, GE appliances all included! High end finishes everywhere! Home has 3 bedrooms + Den + Formal dining or bar room (current use). Bedrooms are split for great privacy. Gorgeous wood look tile in all the main areas and carpeting in the bedrooms. The 10 foot ceilings make the home feel even more spacious! Washer and dryer convey with the property. Front & backyard have all new landscaping. The oversized 2 car garage has a showroom floor. Stunning neighborhood and amazing location. Minutes to Prasada, the new dining and shopping complex!

17207 N 36th Street Phoenix, AZ 85032

$610,000 - 4Br/3Ba -  for Sale in Parque Vista Estates 3, Phoenix
Open House
$610,000
4 Beds
3 Baths
1,845 SqFt
Status Active
MLS # 6722409
Property Type Single Family Residence
Price Type --
Fully renovated, this charming 4BR / 3BA home is ideally situated near restaurants, shopping, dining, public transportation, with easy access to freeways. Recently remodeled, it features a spacious floor plan perfect for modern living. Neutral color scheme throughout featuring durable tile flooring, providing a versatile space for any decor. The kitchen is equipped with quartz countertops, new cabinets and windows plus a convenient pantry. The oversized primary bedroom offers direct backyard access, a private bathroom, and walk-in closet. Outside, the backyard includes a covered patio, storage shed, and plenty of space to create your own oasis. No HOA!

1236 E Campus Drive Tempe, AZ 85282

$609,999
4 Beds
2 Baths
1,756 SqFt
Status Active
MLS # 6750684
Property Type Single Family Residence
Price Type --
A stunning single-family home located in the heart of Tempe has 4-bed, 2-bath with 1756 sqft, 2 car garage, and covered patio. Brand new windows. You will be greeted by a bright & airy floor plan that's perfect for entertaining. The spacious living room features soaring ceilings, large windows that let in plenty of light, a cozy fireplace with beautifully decorative tile from floor to ceiling that's perfect for chilly nights. The kitchen comes with stainless steel appliances, quartz countertops & brand-new shaker cabinets. Brand new vinyl wood & carpet flooring throughout the home. Enjoy the fully upgraded, spa like bathrooms with high end shower system, framed mirrors, shower niche, & custom vanities. No HOA. Walking distance to parks and bike paths. Don't miss out!

9539 E Thornbush Avenue Mesa, AZ 85212

$609,999
3 Beds
2.5 Baths
2,044 SqFt
Status Active Under Contract
MLS # 6724990
Property Type Single Family Residence
Price Type --
Prepare to experience luxurious desert living in this highly-customized dream home in Cadence. This home's aesthetic and craftsmanship are sure to impress. Nestled on an interior lot, this popular Camelia model has it all. The fresh remodel brings luxe finishes and modern appeal, in an open concept floorplan. A generous kitchen offers amazing space to prep and enjoy meals with classic espresso finish cabinetry, quartz linen counters, apron sink, walk-in pantry, stainless steel appliance package (range/oven + dishwasher new in '24) and island with seating. Home is outfitted with 10' ceilings, picture windows and new professionally-installed white oak luxury vinyl plank flooring with new baseboards in the main living space. The extraordinary primary suite offers a spa experience with a custom walk-in shower with rain head enveloped in herringbone mosaic tile complimented with black hex shower floor. Bath is further enhanced with modern pine wood trimmed walls, anti-fog mirrors, luxury bidet/toilet (warm + clean settings) and color-optional LED lighting graces the shower and vanity areas. Upstairs loft offers flex space for play or work. A picture-perfect powder room off the formal entry offers playful wallpaper and designer details. Secondary bedrooms have neutral carpeting and ceiling fans. The rear yard is impeccably designed around a 2021 contemporary pool built by Premier Pools & Spas with Baja shelf, umbrella sleeve, app-controlled LED color wheel light and variable speed pump, stone accent wall, soothing water feature and travertine coping (pool fencing is removable, if desired). Travertine decking and paver walkway connect the covered patio and sprawling synthetic lawn area. Additional upgrades include: tankless water heater, 2 wood blinds. Solar offers security from higher electric bills. Cadence offers residents grand amenities including: 2 water slides, a salt water lap pool, splash pad, a spa and cabanas. 12,000 sq ft clubhouse features state-of-the-art fitness center that hosts yoga + spin classes, teen game room, event center and outdoor dining areas with fire pits & seating. Plenty of room to roam with walking trails, 6 parks with playgrounds + pavilions and an enclosed dog park. Community also offers tennis, basketball, bocce and volleyball courts. From holiday celebrations to concerts in the park, there is always something exciting happening.

10512 S 48th Glen Laveen, AZ 85339

$609,995
3 Beds
3 Baths
2,630 SqFt
Status Active
MLS # 6728638
Property Type Single Family Residence
Price Type --
An inviting covered porch welcomes guests to this charming Pomona home with 10' ceilings throughout. A spacious great room is at the heart of the open layout, adjacent to a roomy nook and an impressive gourmet kitchen, 42'' white shaker cabinets, quartz countertops, gas stove, with a walk-in pantry and center island. This home will be built with a space to use for a study or formal dining room. The lavish primary suite offers a generous walk-in closet, a private bath with deluxe shower #2, and double sinks. A convenient laundry and covered patio are also included.

10516 S 48th Glen Laveen, AZ 85339

$609,995
3 Beds
2.5 Baths
2,390 SqFt
Status Active
MLS # 6728647
Property Type Single Family Residence
Price Type --
This Deacon home includes an attached insulated RV garage, plus two tandem garage bays! Inside, a well-appointed gourmet kitchen, gas stove, quartz countertops, with a walk-in pantry that is flanked by a great room and a dining room with center-meet doors with covered patio access. You'll also appreciate an elegant primary suite with a private bathroom with deluxe shower #2 and ample walk-in closet space. A mudroom, a convenient laundry, and a flex room will complete the plan.

4836 W Stargazer Place Laveen, AZ 85339

$609,995
3 Beds
3 Baths
2,630 SqFt
Status Active
MLS # 6679937
Property Type Single Family Residence
Price Type --
An inviting covered porch welcomes guests to the charming Pomona plan. A spacious great room is at the heart of the open layout, adjacent to a roomy nook and impressive gourmet kitchen with a walk-in pantry, center island, Stainless steel appliances. This home will be built with either a study and Guest suit option complete with separate living room, wet bar and separate laundry. There is also an additional bedroom and full bathroom, The lavish primary suite offers a generous walk-in closet and a private bath with double sinks and oversized walk-in shower. A convenient laundry and covered back patio are also included. This home will also feature a 3-car garage and 10ft ceilings.

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