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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2113 E Kempton Road Chandler, AZ 85225

$647,500

4 Beds

2 Baths

2,279 SqFt

Status Active

MLS # 6772214

Property Type Single Family Residence

Price Type --

Ideal location! Right between Downtown Chandler and Gilbert, easy access to freeway, across the street from brand new state-of-the-art park for the kids! Perfect starter home, 2nd home, or investment! Single level, split floor-plan, with expansive open lay out! Low landscape backyard with large covered patio, enough grass for the kids and dogs, diving pool with new variable speed pump, and mature landscaping with orange tree make this the ideal backyard for all buyers! Brand new AC unit!

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11049 E Quartet Avenue Mesa, AZ 85212

$647,000

4 Beds

3 Baths

2,280 SqFt

Status Active Under Contract

MLS # 6766763

Property Type Single Family Residence

Price Type --

This stunning 4-bedroom, 3-bathroom corner lot home sits on a sprawling 13,542 sqft lot, offering both luxury and space! With 2,280 sqft of living area, this home features a family room, great room, and an Arizona room, all with tall ceilings, tile flooring, and soft carpet, and large windows that flood the space with natural light. The split primary bedroom includes a full bathroom and a walk-in closet. The kitchen features granite countertops, a large island, a pantry, and beautiful wood cabinets, along with both formal and eat-in dining areas. Outside, enjoy a screened-in patio, a covered patio with a built-in BBQ, and a private heated pool and spa, all set in a professionally landscaped yard with turf and gravel stones. Additional features include a 3-car garage and an RV gate!

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27227 N 147th Avenue Surprise, AZ 85387

$647,000

4 Beds

3 Baths

2,000 SqFt

Status Active

MLS # 6707494

Property Type Single Family Residence

Price Type --

REDUCED-SEND OFFERS -MOVE IN READY NEW 2024 BUILD Surrounded by $1,000,000 Homes this 4bd/3bth with Double Kitchen and CASITA. Seller Concessions available!! Boasting ADDED VALUE with a small 500 sq. ft. IN LAWS private entrance Casita ATTACHED to the 1500 sq. ft. home - Supplement AirBNB rental income or IN-Laws Quarters with small Double Masters makes this a very affordable 2000 SQ FT home. Beautiful Mountain Views, Quad trails to Lake Pleasant. Fenced and groomed property. Split Floorplan perfect for the growing family. Additional Plans available for a workshop and added detached two car garage to make 4 car Garage. This is a very unique property designed with value added, nestled around high value mountainside homes. No HOA, Truly one of a kind and a Must See

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25985 W Tonopah Drive Buckeye, AZ 85396

$647,000

5 Beds

4 Baths

4,067 SqFt

Status Active

MLS # 6755613

Property Type Single Family Residence

Price Type --

THIS IS A MUST SEE! Welcome to this stunning, massive home located in the desirable Festival Foothills community! Boasting over 4,000 sq. ft., this spacious property features 5 bedrooms and 4 full bathrooms, including 2 luxurious master suites and a convenient downstairs bedroom and full bath—perfect for guests or multi-generational living. ALL 5 BEDROOMS HAVE WALK IN CLOSETS. The large, entertainer's kitchen is ideal for hosting, with ample space and two pantries, including a walk-in. Enjoy a variety of living spaces with a formal sitting room, living room, and an upstairs loft, offering plenty of room for relaxation or activities. Home has assumable VA loan at 3.65%! Step outside to your own private oasis, complete with a beautiful pool and spa, highlighted by a rock waterfall slide. The home also features owned solar panelsno payments requiredadding incredible energy efficiency! Also includes new hot water heater and water softener system. With no carpet downstairs, ample functional storage throughout, and a 3-car garage, this home is both elegant and practical. Don't miss out on this extraordinary home, it won't last long!

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21664 E Roundup Way Queen Creek, AZ 85142

$646,995

3 Beds

2.5 Baths

2,390 SqFt

Status Active

MLS # 6721119

Property Type Single Family Residence

Price Type --

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21747 E Roundup Way Queen Creek, AZ 85142

$646,995

3 Beds

3 Baths

2,630 SqFt

Status Active

MLS # 6674425

Property Type Single Family Residence

Price Type --

Enjoy this beautiful Pomona Opportunity with Guest Suite! This true split floorplan provides space to spread out! Your guests will find the spacious Kitchen/Dining /Great Room area quite comfortable for making memories for years to come. Included features: Timeless Stone Creek Collection Interior Design with cool tones. Upgraded Shaker Cabinets, Quart Kitchen Counters, 6X35 Tile flooring, Carpet in Bedrooms. Matte Black Hardware. Insulated 3 Car Garage with 8' Garage Doors, Gas stub at patio, Gas Range at Kitchen, Gas Dryer Hook up, Paver driveway and courtyard and Tankless water heater included!! Elevate your lifestyle today with the Amazing Pomona Floorplan!

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21673 E Roundup Way Queen Creek, AZ 85142

$646,995

3 Beds

2.5 Baths

2,390 SqFt

Status Active

MLS # 6702202

Property Type Single Family Residence

Price Type --

Welcome to Light Sky Ranch and the Pinecrest plan! This 2390 square foot home epitomizes modern luxury and comfort, boasting a well-appointed design that caters to both relaxation and functionality. With three bedrooms, two and a half baths, and a dedicated study, there's ample space for both privacy and gathering. The gourmet kitchen stands as the focal point, featuring quartz counters, upgraded shaker cabinets, and a spacious center island ideal for culinary endeavors or casual meals. The master suite is a tranquil oasis, offering dual closets and a spa-inspired shower for indulgent relaxation. Enhanced by 10-foot ceilings and a multi-slide door, the home is flooded with natural light. Outside, a single-car garage and a 2-car garage offer ample storage for vehicles, outdoor gear, and more. With amenities such as a tankless water heater for efficiency and a charming paver driveway, this home seamlessly blends convenience with sophistication.

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21680 E Roundup Way Queen Creek, AZ 85142

$646,995

3 Beds

2.5 Baths

2,390 SqFt

Status Active

MLS # 6721113

Property Type Single Family Residence

Price Type --

This Pinecrest plan is on a generous sized lot with a South facing front and borders a community greenbelt in central Queen Creek. The smart floorplan is a 3 bedroom, 2.5 bath, 3 car garage. Interior finishes include 10' ceilings, Gourmet Kitchen appliances with a gas cooktop and a 36'' vent hood, beautifully designed separate tub and large shower with His and Hers closets in the Primary Bathroom, expansive multi-slide glass door system from the Great Room to the covered patio, and much more! Awesome location close to Queen Creek Marketplace, a brand new Costco and Fry's, and all that Queen Creek has to offer.

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4703 N 206th Drive Buckeye, AZ 85396

$646,900

2 Beds

2.5 Baths

2,297 SqFt

Status Active

MLS # 6722802

Property Type Single Family Residence

Price Type --

Introducing this highly desirable Lennar NextGen home, which is ONLY available as a resale in the sought-after Victory at Verrado community. Boasting 2 bedrooms, den, 2.5 bathrooms, 2 great rooms, courtyard, covered rear patio with extended pergola, and two add'l rear patio areas. This open-concept home is perfect for those who love to entertain. The gourmet kitchen is equipped with a gas range, hood, and a spacious island, flowing seamlessly into the eat-in breakfast nook. The NextGen suite has a separate entrance and features a full bathroom, bedroom, living room, and kitchen, providing a private retreat for you or your guests. Plantation shutters add a touch of elegance and privacy to this beautiful home.

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15683 W Mercer Lane Surprise, AZ 85379

$646,694

5 Beds

4 Baths

3,475 SqFt

Status Active

MLS # 6760310

Property Type Single Family Residence

Price Type --

BRAND NEW COMMUNITY. LOCATION LOCATION LOCATION. This one is located East of the 303 and has great accessibility to shopping and freeways. This home is a wonderful 5 BR, 4 bath home with a loft and formal dining and a 3-car garage. Beautiful gourmet kitchen has a large island that opens up to the great room. Upgraded Painted Linen cabinets, quartz counters with a custom backsplash and gourmet appliances. This home has the sought after bottom floor bedroom and full bath as a guest suite. Upstairs you will love the large loft, large secondary rooms with walk in closets and the Owner's suite! Owner's suite has separate tub and shower, two walk in closets and separate vanities! THIS HOME WILL BE COMPLETED IN NOVEMBER. PHOTOS ARE OF A MODEL OF THE SAME PLAN COME SEE THIS ONE

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7326 W Villa Hermosa -- Glendale, AZ 85310

$645,900

3 Beds

2 Baths

2,057 SqFt

Status Active

MLS # 6766305

Property Type Single Family Residence

Price Type --

Welcome to this beautiful 3 bedroom, 2 bathroom home, perfectly located in a cul-de-sac in North Glendale. This home boasts vaulted ceilings, creating an open and airy feel, and a spacious floor plan ideal for comfortable living. With a 3-car garage and an RV gate, there's plenty of room for parking and storage. The backyard is an oasis, featuring a sparkling pool and plenty of space for outdoor entertaining and relaxation. Whether you're hosting summer gatherings or enjoying a quiet evening by the pool, this backyard offers endless possibilities. Conveniently located near shopping, dining, entertainment, and with easy access to the freeway, this home provides both tranquility and convenience. *BONUS Pre-paid Tesla Solar Lease*

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41644 N 277th Avenue Morristown, AZ 85342

New

$645,000

3 Beds

2 Baths

2,700 SqFt

Status Active

MLS # 6780700

Property Type Single Family Residence

Price Type --

Newly remodeled 3-bed, 2-bath home on 3.4 picturesque acres with 360 mountain and Hassayampa River views! This 2,700+/- sq ft residence features a new kitchen with quartz countertops, new modern bathrooms, new flooring, appliances, fresh paint, and a new roof. The guest bath offers a soaking tub by the fireplace, while the primary suite exudes charm with wainscoting on the walls and a custom walk in shower. Ideal for horse enthusiasts, the land includes an existing corral and a huge level area for a future arena. The land is surveyed for a 5-parcel split. There is a storage shed with bathroom and a covered carport. Located 25 minutes from Loop 303 & Surprise, and 15 minutes from Wickenburg. Country living at its best with easy quick access to the city. Can sell with more areage.

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