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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17225 W Calle Lejos -- Surprise, AZ 85387

$609,995
3 Beds
3 Baths
2,630 SqFt
Status Active
MLS # 6731947
Property Type Single Family Residence
Price Type --
Experience luxury in The Pomona, located on a prime corner lot with stunning mountain views. This home features a guest suite, a three-car garage, and a gourmet kitchen featuring Quartz countertops -end appliances. Enjoy 10-foot ceilings, a deluxe primary bathroom with a massive super shower, 3 car garage, paver driveway, RV Gate and 15-foot Center meet doors that open to an oversized 8,750 sq ft lot.

37628 W Padilla Street Maricopa, AZ 85138

$609,990
4 Beds
3 Baths
2,765 SqFt
Status Active
MLS # 6748867
Property Type Single Family Residence
Price Type --
Move in FAST to this completed home! Say hello to luxury, Maricopa! Experience the grandeur of new home building previously only found in Scottsdale and the East Valley! The captivating Jerome floorplan features an expansive great room, 15ft multi slider, home office, and stunning kitchen appointed with stacked cabinetry, gas stove top, double ovens, and matte black hardware! Relax in your freestanding tub, host on the patio, or take out the toys from your FIVE CAR GARAGE! With 10ft ceilings, 8ft doors, and 8,750 sq ft homesites, come see why K. Hovnanian is the First Name in Lasting Value! ^Up to 6% of Base Price can be applied towards closing cost and/or short-long term interest rate buydowns when choosing our preferred Lender. Additional eligibility and limited time restrictions apply.

32017 N 117th Avenue Peoria, AZ 85383

$609,990
3 Beds
2 Baths
1,680 SqFt
Status Active
MLS # 6755518
Property Type Single Family Residence
Price Type --
New home in Mystic - It's the charming Bluebell. Kitchen features include Maple Slate-gray cabinets with 42'' kitchen uppers, soft close doors and drawers and laundry cabinets. AZT Hana Sky quartz countertops in kitchen and baths. Stainless steel appliances include a 36'' cooktop, wall oven, microwave and glass canopy hood. Walk-in shower at owner's bath. Multi slide door that leads out the covered patio. Flooring includes San Matte 12x24 Sand Matte laminate wood in all areas except beds/closets and so much more. Amenity Rich Mystic includes a Resort Style community pool, Rec center with year-round events, Hiking paths & community parks. The perfect location- close to shopping, restaurants, golf, Lake pleasant and the loop 303.

31985 N 117th Avenue Peoria, AZ 85383

$609,990
3 Beds
2 Baths
1,680 SqFt
Status Active
MLS # 6755529
Property Type Single Family Residence
Price Type --
It's the spacious Bluebell in the stunning community of Mystic. Walk-in shower at owner's bath with tile surrounds/floor. Multi slide door leads out to the covered patio. Pavers at drive, walk and entry. Stainless steel appliances include a 30'' cooktop, wall oven, microwave & canopy hood. Walk-in shower at owner's bath. Maple Linen-off white cabinets with soft close drawer and doors, pull out trash drawer and additional cabinets in laundry room and at owner's entry. Driftwood wood laminate floors in all areas except beds/closets. Amenity Rich Mystic includes a Resort Style community pool, Rec center with year-round events, Hiking paths & community parks. The perfect location- close to shopping, restaurants, golf, Lake pleasant and the loop 303.

16367 W Desert Mirage Drive Surprise, AZ 85388

$609,990
4 Beds
3 Baths
2,561 SqFt
Status Active
MLS # 6710581
Property Type Single Family Residence
Price Type --
Cinnabar with 4 bedrooms, Multi slide door off the great room. Pavers at drive, walk and entry, Large walk in shower at owner's bath. Stainless steel gas appliance package with a 30'' cooktop and wall oven. Sonoma maple ''Slate-grayish'' cabinets with 42'' uppers in kitchen with pullout trash drawer. Himalaya white granite countertops in kitchen, most bathrooms. Stainless steel undermount single bowl sink in kitchen with a 4x16 backsplash. Upgrade flooring includes EMS Baccarat 12x24 Astra tile in all areas of the home except bedrooms and closets. Additional recessed can lights and ceiling fan prewires. 8' tall garage door with openers. Estimated completion September.

20147 W San Juan Avenue Litchfield Park, AZ 85340

$609,990
4 Beds
3 Baths
2,680 SqFt
Status Active
MLS # 6726227
Property Type Single Family Residence
Price Type --
It's the very popular Topaz floor plan with 4 bedrooms + study, 3 baths and 3 car garage. Multi slide door that leads out to the extended covered patio perfect for entertaining. Stainless steel gas appliance package with 30'' cooktop and canopy hood. Barnett Maple Boulder cabinets with 42'' kitchen uppers with 3 drawers ILO of doors. AZT Hana Sky Quartz countertops in kitchen and bathrooms. Stainless steel undermount single bowl sink. Upgrade flooring includes DT Broxburn Gray 6x24 plank tile in all areas of the home except bedrooms and closets. 5'' base boards and 3 1/4'' door casings. Dual sinks in bath 2. Stub out for gas for future BBQ, soft water loop. Interior two tone paint ''Whiskers'' and so much more. Estimated completion October. Garage service door, Garage door op

20106 W Luke Avenue Litchfield Park, AZ 85340

$609,990
4 Beds
3 Baths
2,680 SqFt
Status Active
MLS # 6726234
Property Type Single Family Residence
Price Type --
Topaz floor plan with 4 bedrooms + den with double doors and 3 baths. 8' gate, garage service door. Multi slide door off the great room perfection for entertaining. Extended covered patio. Pavers at drive, walk and entry. Kitchen features include stainless steel gas appliance package with 36'' cooktop, wall oven, microwave, dishwasher and glass canopy hood. Barnett ''Linen'' - off white cabinets with 42'' kitchen uppers. Pull out trash drawer with two bins, 3 drawers ILO of doors. Silver Falls granite countertops in kitchen and bathrooms. Upgrade flooring includes EMS Cabo II 17x17 Ocean tile in all areas except bedrooms and closets. 5'' baseboards and 3 1/4'' door casings. Dual sinks at bath 2. Gas stub for BBQ and so much more. Estimated completion October.

20251 W Catalina Drive Buckeye, AZ 85396

$609,990
4 Beds
3 Baths
2,456 SqFt
Status Active
MLS # 6747889
Property Type Single Family Residence
Price Type --
Ready for Move-in - It's the stunning Amethyst floor plan with 3 bedrooms + study, 3 full baths and 3 car garage. Pavers at drive, walk and entry. Large walk in shower at owner's bath. 12x8 sliding glass door that leads out to your extended covered patio. Sonoma maple Linen-off white cabinets with hardware in kitchen with 42'' kitchen uppers and pull out trash drawer with two bins. AZT Tawny Quartz countertops in kitchen and at the enhanced island. Kitchen sink is a black under mount single bowl sink. 8' tall interior doors. Upgrade flooring includes Beaumont Olmo 7x24 plan tile in all areas of the home except bedrooms and closets. 5'' baseboards and 3 1/4'' door casings. Dual sink at bath 2. Soft water loop, gas stub for future BBQ, garage door, garage service door and much more.

6843 W Molly Lane Peoria, AZ 85383

$609,990
3 Beds
2.5 Baths
2,125 SqFt
Status Active
MLS # 6682543
Property Type Single Family Residence
Price Type --
Brand new-corner lot with view fencing. Photos display the charm of this beautiful home and ready to call it yours! Experience the charm of Aloravita, nestled within the scenic mountains of Peoria. This community boasts breathtaking views and is conveniently located minutes away from shopping, dining, hiking trails and more! Our popular 'Barstown' floorplan features 3 full bedrooms, 2.5 bathrooms, 2 Car-Garage and a private yard with views! Designer selected finish includes White Cabinetry, Quartz Kitchen Countertops, Wood Like Tile Throughout, and Plush Carpet in all the bedrooms. This beautiful home will have it all including 9' ceilings, Gourmet Gas Kitchen, Smudge Proof Stainless Steel Appliances, Blinds, Pre-Plumb for Soft Water, and Smart Home Technology.

260 S 165th Avenue Goodyear, AZ 85338

$609,990
3 Beds
3 Baths
2,456 SqFt
Status Active
MLS # 6739798
Property Type Single Family Residence
Price Type --
It's the Amethyst floor plan with 3 bedrooms + flex space to use as you wish, 3 baths. 12'x'8' off the extended covered patio great for entertaining. Sonoma Maple Linen - off white cabinets with T-bar pull hardware in matte black. Kitchen has stainless steel gas appliance package with 30'' cooktop, wall oven, canopy hood, 42'' uppers with pull out trash drawer with two bins. AZT quartz Tawny quartz countertops in kitchen and and at enhanced kitchen island and owner's bath. Upgrade flooring includes Beaumont Olmo 7x24 plank tile in all areas of the home except for bedrooms and closets. Dual sinks at bath 2, soft water loop, 8' garage door with 2 openers and so much more. Estimated completion October/November.

274 S 164th Drive Goodyear, AZ 85338

$609,990
4 Beds
3 Baths
2,510 SqFt
Status Active
MLS # 6744181
Property Type Single Family Residence
Price Type --
Very spacious Jade floor plan with 5 bedrooms, 3 baths and 3 car garage. Multi slide door off the great room. Bedroom #4 has it's own private full bath and walk in closet perfect for a guest suite. All secondary bedrooms have walk-in closets. Plenty of storage space. Large walk in shower at owner's bath. Pavers at drive, walk and entry. Stainless steel gas appliance package with 30'' cooktop, wall oven and canopy hood. 8' tall garage door with two controls. Additional kitchen cabinets in Barnett Maple Boulder (Gray) with 42'' uppers and pull out trash bins. AZT Hana Sky quartz countertops in kitchen and the enhanced kitchen countertop. Upgrade flooring includes DT Broxburn Gray 6x24 plank tile in all areas of the home except bedrooms and closets. Estimated completion October.

8832 E Cholla Street Scottsdale, AZ 85260

$609,900
3 Beds
2 Baths
1,227 SqFt
Status Active
MLS # 6748717
Property Type Single Family Residence
Price Type --
Discover this beautifully updated Scottsdale home featuring a fresh exterior and interior paint that enhances its modern charm. This 3-bedroom, 2-bath residence boasts brand-new cabinets in both the kitchen and bathrooms, complemented by sleek quartz countertops in the kitchen. Enjoy the stylish new flooring and plush new carpet throughout. The contemporary design is further elevated with top-of-the-line stainless steel appliances, making this home a perfect blend of elegance and functionality.

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