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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1193 E Spruce Drive Chandler, AZ 85286

$609,900

4 Beds

2.5 Baths

1,952 SqFt

Status Active

MLS # 6723603

Property Type Single Family Residence

Price Type --

Don't miss your opportunity to own the Builder Model Home with extra designer selections that's ready-to-move-in and the last new home available in the development. Welcome to Willis Commons, a beautiful, private, gated community of only 35 homes with fantastic amenities including Community Clubhouse with fitness room, green spaces, and play park with splash pad. Great Chandler location off the 202 and McQueen Road with nearby Paseo Canal Trail for biking and hikes. Easy access to everything Chandler and Gilbert offer and only 5 minutes from Downtown Chandler. The popular Arcadia plan design features 4 generous sized bedrooms, 2.5 bathrooms, plus 2 car garage. This spacious well thought out 1954 square foot home lives large with great room and features high ceilings & tall doors through- -out. Open kitchen with large island and granite counters include lots of cabinet and pantry storage, plus all stainless appliances included. Owner's suite is on main floor and has spacious attached bathroom with separate tile surround shower and soaking tub as well as a large walk-in closet. Convenient laundry room on the main floor with 3 additional bedrooms upstairs. Lots of architectural character outside and low maintenance size yard. An amazing well-designed new home that is practical yet feels so very luxurious.

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10535 W Country Club Trail Peoria, AZ 85383

$609,900

4 Beds

2.5 Baths

2,660 SqFt

Status Active

MLS # 6743955

Property Type Single Family Residence

Price Type --

MOTIVATED SELLER! Gorgeous two-story home in Peoria! Lovely façade displays a 2-car garage, an RV gate on over a 1/4 of an acre lot with NO HOA. This home has a desirable open floor plan with abundant natural light and tile flooring. Well-appointed kitchen offers SS appliances, recessed & pendant lighting, ample white cabinets with crown moulding, a walk-in pantry, mosaic tile backsplash, a center island, and solid surface counters. In the main bedroom, you'll find plush carpet, a private ensuite with dual sinks, and a walk-in closet. Upstairs, the large loft is ideal for an office or additional lounging area. Out back, the home has a covered patio, gazebo, storage shed, artificial turf, and a detached workshop with power and AC!!! 50 YEAR METAL ROOF WITH WARRANTY AND ALL NEW WINDOWS!!!

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8955 S Bryerly Court Hereford, AZ 85615

$609,500

3 Beds

2.5 Baths

2,582 SqFt

Status Active Under Contract

MLS # 6612676

Property Type Single Family Residence

Price Type --

Custom home in Wild Horse Subdivision Built in 2016 by Custom Home Builder, Bill Henry. Primary bedroom with mountain view, walk in dressing room and large vanity area. Gourmet Kitchen. Breakfast area with a mountain view. Spacious Great Room. Open floor plan. Split plan. Two additional large bedrooms and an office/4th bedroom. Large two car garage plus RV garage, Extended covered patio in the back with beautiful mountain views , enclosed block wall area. Observatory or a great work space. Very private at the end of a cul-de-sac..

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12609 W Bajada Road Peoria, AZ 85383

$609,500

2 Beds

2 Baths

1,700 SqFt

Status Active

MLS # 6694795

Property Type Single Family Residence

Price Type --

OUTSTANDING 'Montis' with NEW 2022: Lennox Elite 5-ton HVAC unit & NEW 2022: APPLIANCES including French door style Samsung refrigerator with unique IN-DOOR BEVERAGE CENTER & NEW 2022: QUARTZ kitchen countertops & backsplashes. PRIVATE BACKYARD has POOL WITH WATERFALL. Outdoor living & entertaining is enhanced with an ELEVATED DECK overlooking the pool & a PAVER patio. Lush landscaping provides beautiful setting for this SOUTH-FACING backyard. MORE -ALL UPDATED IN 2022: staggered PAINTED kitchen cabinets with ADDED ROLLOUTS and hardware, POOL MOTOR & FILTERS, INTERIOR PAINTED, PVC added to the drip system, updated landscaping with lighting, citrus trees, NEW water softener system, GE WASHER & DRYER in the extended laundry room & ceiling fans with lights. EXTERIOR PAINTED 2024. STUNNING CURB APPEAL! PAVER FRONT COURTYARD is right off the kitchen & accessed through the SLIDING GLASS DOOR. Have morning coffee or breakfast. The den overlooks the backyard & has an attractive CUSTOM BUILT-IN DESK. The garage is EXTENDED 4 FEET & has good storage with a WALL OF CABINETS. The PAVER front courtyard is right off the kitchen & accessed through the sliding glass door from the kitchen for morning coffee. This home is located in award-winning gated, 55+ Trilogy at Vistancia with 5-star-resort style amenities at the 35,000 SF Kiva Club with indoor & outdoor pools, fitness center, day spa, cafe, billiards, meeting rooms, library, tennis courts, pickle ball, bocce ball, events & a plethora of activities to choose from. Outstanding Gary Panks-designed golf course is woven throughout the original part of the neighborhood. The Mita Club has additional outstanding community amenities. Easy access from Trilogy to the 303, shopping, restaurants, entertainment, Lake Pleasant & Paloma Park, Peoria's huge community park loaded with amenities.

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4585 San Cristobal -- Sierra Vista, AZ 85635

$609,000

4 Beds

3 Baths

2,629 SqFt

Status Active

MLS # 6736231

Property Type Single Family Residence

Price Type --

Welcome to 4585 San Cristobal! This beautiful custom home is perfect for those who love to entertain. The spacious great room is perfect for gatherings of all kinds, and the formal dining room is ideal for more intimate occasions. The kitchen is a chef's dream, with granite countertops, stainless steel appliances, and a walk-in pantry. The master suite includes a large walk-in closet, dual sinks in the bath, and an oversized tub. The 4th bedroom would make a great in-law suite or guest quarters, it is split and has its own bathroom. Need a 5th bedroom? This plan has also been built with a 5th bedroom where the formal dining room is located! The large, covered patio at the back of the house is the perfect place to sit and enjoy your morning coffee decompress at the end of the day. The four-car attached garage with built-in storage shelves and extra workspace is perfect for the hobbyist or car enthusiast. Come see everything this amazing home has to offer today!

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7527 E Elderberry Way Gold Canyon, AZ 85118

$609,000

4 Beds

3 Baths

1,900 SqFt

Status Active

MLS # 6753890

Property Type Single Family Residence

Price Type --

Welcome to your new AZ home! Everything is here (except your personal belongings & items to fill kitchen cupboards). 3 bedroom (split floorplan) & 2 bath home has ALL the furniture & appliances included PLUS comes with a 1 bedroom / 1 bath casita with it's own entrance making it a total of 4 bedrooms/3 bath home. Owners have been diligent about upgrading & maintaining their winter home(used approx. 3 months a year). Kitchen has granite counters & newer appliances. Garage has built in cabinets, sink, overhead storage racks, water softener, & epoxy flooring. Enjoy the gas fireplace on those chilly nights or mornings, and when outdoors, enjoy entertaining outdoors by the gas firepit , cooking by the grill, or just enjoying the view. List of improvements in document section.

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3367 Phantom Street Wickenburg, AZ 85390

$609,000

2 Beds

2 Baths

2,019 SqFt

Status Active

MLS # 6708287

Property Type Single Family Residence

Price Type --

FULLY ASSUMABLE 3% LOAN!! 2 BD/2 BA/DEN Nestled in the tranquil desert resort community of Trilogy Wickenburg Ranch, this highly sought-after Cypress floor plan home on a north/south exposure premium lot offers a strong sense of privacy by providing no neighbors in front or behind the home. Upon entering, the residence reveals a grand open and wide floor plan with meticulous attention to detail. The enhanced den, wet bar, and spacious living room, with 9' ceilings and upgraded flooring throughout, create a warm atmosphere for entertaining or quiet evenings. The kitchen exudes both elegance and functionality. It boasts a large 4 seat island and is equipped with upgraded built-in appliances, a gas cooktop, under-counter lighting, a 2nd pantry, upgraded soft close cabinets, along with granite countertops. The luxurious primary suite, adorned with blackout shades/blinds, provides a serene sanctuary. The expansive master closet, featuring a custom closet system with abundant storage, adds a touch of luxury and functionality. The attached en-suite bathroom radiates spa-like indulgence, boasting a walk-in shower and double vanities. The backyard with a spacious covered patio sets the tone for tranquility, while beautifully appointed pavers extend the patio inviting relaxation amidst a beautifully landscaped oasis, adorned with a harmonious blend of native plants and strategic lighting, enhancing the home's innate natural beauty and privacy. Additionally, this home boasts a spacious 2-car garage with overhead storage racks and epoxy-coated floors, providing ample storage space for vehicles and belongings. Furthermore, this home offers an ungraded instant hot water circulation system, a water softener system, and a security system, to enhance comfort along with providing greater peace of mind. Situated in a prestigious Trilogy community, this beautifully upgraded home comes with plentiful amenities including a Troon golf course, a private 9-hole course, a resort pool & spa complex and multiple pickleball courts, while offering a luxury lifestyle effortlessly blending seclusion with accessibility. Experience luxury living at its finest with this exquisite home in Wickenburg Ranch.

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27194 N Skipping Rock Road Peoria, AZ 85383

$609,000

4 Beds

3 Baths

1,958 SqFt

Status Active

MLS # 6705368

Property Type Single Family Residence

Price Type --

Beautiful 4 bedroom 3 bath home. 3 car tandem garage with lots of storage and a 220 plug. Warm neutral color throughout. Home was just painted and new neutral carpet has been installed. Custom tile throughout in all the right places. The large kitchen with granite slab opens into a spacious family room and eat it dinning area. The backyard is an entertainers dream. Great use of space with many outdoor seating areas. There is also your own private bar, natural Gas BBQ, gas firepit, and hot tub. Great mountain views!!

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1204 W Fever Tree Avenue San Tan Valley, AZ 85140

$609,000

4 Beds

2.5 Baths

2,716 SqFt

Status Active

MLS # 6727454

Property Type Single Family Residence

Price Type --

Beautiful, highly upgraded 4 bedroom + office, 2.5 bath, 3 car garage. Gourmet kitchen includes granite counters, oversized island, stainless appliances, gas cooktop, convection oven, & huge walk-in pantry. Primary bedroom features dual vanities, soaking tub, large shower & walk-in closet. Split floor plan with large secondary rooms and walk-in closets. Extra cabinets in laundry and garage. Grass, extended paved patio, and garden beds. Solar panels save on utilities! Enjoy 2 community pools, splash pads, club house, playgrounds, walking paths, pickle ball & basketball courts, sand volleyball, and a full frisbee golf course!

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2907 E Whispering Wind Drive Phoenix, AZ 85024

$608,989

4 Beds

2 Baths

1,830 SqFt

Status Active

MLS # 6751712

Property Type Single Family Residence

Price Type --

Buyer able to take advantage of credits from both Seller and Preferred Lender at closing. Seller Credit to be 2% of sales price (estimated value $10,500) on a full-price offer, and may be lowered on a below-list price offer. Preferred Lender Credit to be up to 1% of loan amount (estimated value $3,500 - $5,000) and is not contingent on offer price. All Credit totaling an estimated of $14,000 to $15,5000 can be combined and used for any Buyer fee including 2/1 Buy-down, or Purchase Price Reduction. May NOT be used to pay any portion of the Down Payment. Reach out to Preferred Lender, The Goldberg Group at Barrett Financial Group to get pre-qualification more details about Lender Credits. Matt Goldberg (NMLS 1342195) Josh Goldberg (NMLS 216038). desirable Phoenix neighborhood, this home is close to shopping, dining, and great schools. Don't miss your chance to make this wonderful property your own!

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23113 E Twin Acres Drive Queen Creek, AZ 85142

$608,490

4 Beds

3 Baths

2,524 SqFt

Status Active

MLS # 6757140

Property Type Single Family Residence

Price Type --

Brand new phase!. This home has a full guest suite and is conveniently located to all that Queen Creek has to offer. Minutes from the brand new Costco, Schnepf Farms, Queen Creek Market Place and the Queen Creek Olive Mill.

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5314 W Jackalope Lane Laveen, AZ 85339

$608,466

5 Beds

4 Baths

2,908 SqFt

Status Active

MLS # 6732049

Property Type Single Family Residence

Price Type --

MLS#6732049 Ready Now! The Pinnacle at Tierra Montana Encore features a two-story design with a spacious primary suite on the main floor. This suite includes a roomy shower with a tub, a dual-sink vanity, and a walk-in closet for all seasons. The large gathering room seamlessly connects to the gourmet kitchen and dining area. The first floor also includes a laundry room and a guest bedroom with a full bath conveniently located near the front of the home, perfect for overnight visitors. Upstairs, there are three additional bedrooms, two full baths, and a spacious loft, ideal for your family. Structural options include: 5th bedroom 4th bath, extended owner's suite closet, gourmet kitchen, upgraded stair rail. Design upgrades include: upgraded quartz kitchen countertops, large 12x24 tile in main living areas, upgraded carpet bedrooms, stairs and loft.

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