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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987 W Treasure Trail Apache Junction, AZ 85120

$605,990

4 Beds

2.5 Baths

2,468 SqFt

Status Active

MLS # 6739270

Property Type Single Family Residence

Price Type --

Welcome to Blossom Rock! The east valley's newest master planned community. With views of the Superstition Mountains and a wealth of amenities currently in the making including three community parks, dozens of neighborhood parks, a community school, miles of trails, beautiful lakes, and indoor and outdoor gathering spaces all meant to serve as the backdrop of the calendar of signature events and annual celebrations currently being created.

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20427 W Mountain Sage Drive Buckeye, AZ 85326

$605,000

4 Beds

2 Baths

2,302 SqFt

Status Active

MLS # 6468752

Property Type Single Family Residence

Price Type --

Lovely Ranch home located on 1.21 acres and surrounded by beautiful Mountain Views. 4 bedroom and 2-bathroom, Split floorplan. Open kitchen, Granite counter tops, and stainless-steel appliances in kitchen . Enjoy Mountain Views and wide-open spaces from you kitchen table. 9 foot ceilings . Horses privileges. There is a shared well. NO HOA! Bring all the toys and horses.

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20411 W Mountain Sage Drive Buckeye, AZ 85326

$605,000

4 Beds

2 Baths

2,302 SqFt

Status Active

MLS # 6519609

Property Type Single Family Residence

Price Type --

New 4-bedroom, 2-bathroom Ranch home on 1.21 acres with beautiful mountain views, open kitchen, granite countertops, and stainless-steel appliances. The home features 9-foot ceilings and a split floor plan. Horses are allowed, and there is no HOA. The property has access to a shared well.

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20435 W Mountain Sage Drive Buckeye, AZ 85326

$605,000

4 Beds

2 Baths

2,302 SqFt

Status Active

MLS # 6468712

Property Type Single Family Residence

Price Type --

Lovely Ranch home located on 1.21 acres and surrounded by beautiful Mountain Views. 4 bedroom and 2-bathroom, Split floorplan. Open kitchen, Granite counter tops, and stainless-steel appliances in kitchen . Enjoy Mountain Views and wide-open spaces from you kitchen table. 9 foot ceilings . Horses privileges. There is a shared well. NO HOA! Bring all the toys and horses.

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20419 W Mountain Sage Drive Buckeye, AZ 85326

$605,000

4 Beds

2 Baths

2,302 SqFt

Status Active

MLS # 6519611

Property Type Single Family Residence

Price Type --

2023 BRAND NEW HOME! This beautiful 4 bedroom / 2 bath is on 1.2 acres of land with NO HOA! The home features an open floorplan stainless-steel appliance, large pantry, a split double vanity in the primary master with additional closet space. Large, covered patio to enjoy the mountain views with plenty of space for your RV and toys on 1.2 acres! This lot provides endless opportunities for your own landscape/design. Please contact with any questions!

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302 W Oak Avenue Unit 2 Flagstaff, AZ 86001

$605,000

2 Beds

2.5 Baths

1,098 SqFt

Status Active

MLS # 6733260

Property Type Single Family Residence

Price Type --

TO BE BUILT...Welcome to modern living in the heart of Flagstaff - a collection of contemporary detached homes that redefine luxury and convenience. Nestled against the backdrop of the stunning mountains, step into a world where architectural brilliance meets nature's beauty. The community boasts a sleek and contemporary design that seamlessly integrates with the natural surroundings. Plentiful glass allows ample natural light to flood the interiors, creating a harmonious blend of indoor and outdoor living. Clean lines, high ceilings, and thoughtfully designed spaces provide an open and airy atmosphere making each home a sanctuary of modern sophistication. Wake up to the awe-inspiring sight of the mountains right outside your window (Select Lots Only).

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31642 N 169th Avenue Surprise, AZ 85387

$605,000

3 Beds

2.5 Baths

2,041 SqFt

Status Active

MLS # 6755049

Property Type Single Family Residence

Price Type --

Welcome to 31642 N 169th Ave, a beautifully maintained 3-bedroom, 2.5-bathroom home nestled on a spacious 1.13-acre lot. This 2,050 square foot residence offers a perfect blend of rural tranquility and modern convenience. Step inside to find a bright and open floor plan, featuring a large living area, a well-appointed kitchen with ample counter space, and a cozy dining area perfect for family gatherings. The primary suite is a true retreat with an ensuite bathroom, while the two additional bedrooms offer plenty of space for guests or an added home office. Outside, the expansive lot provides endless opportunities for outdoor living, whether you dream of creating a garden oasis, adding a pool, or simply enjoying the Arizona sunsets from your patio. The The property also offers ample room for parking RVs, boats, or other recreational vehicles. Located just minutes from local attractions like Willow Winery, where you can enjoy tastings and scenic vineyard views, and a short drive to shopping, dining, and entertainment options in Surprise, this home is perfectly situated for those seeking a peaceful lifestyle without sacrificing convenience. Don't miss the opportunity to make this charming property your own!

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17362 W Lincoln Street Goodyear, AZ 85338

$605,000

5 Beds

3 Baths

3,667 SqFt

Status Active

MLS # 6741341

Property Type Single Family Residence

Price Type --

Motivated Seller, Make Offer! This gorgeous home features PAID SOLAR which saves you thousands a year! This gem is situated on a quiet street, boasts a 3-car garage & low-maintenance desert landscaping. Interior welcomes you with a grand entrance, soaring ceilings, an inviting living room, and a formal dining room perfect for special occasions. Open-concept kitchen is a culinary delight with a plethora of cabinets, Stainless Steel appliances, granite counters, a prep island, recessed lighting, a breakfast bar, and a breakfast nook. Upstairs, the huge master bedroom will take your breathe away. For guests you have a separate staircase with guest suite. The backyard is an entertainer's dream, showcasing a covered patio, refreshing pool and a Putting Green for FUN, FUN, FUN

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3677 E Park Avenue Gilbert, AZ 85234

$605,000

3 Beds

2 Baths

1,450 SqFt

Status Active

MLS # 6757367

Property Type Single Family Residence

Price Type --

Welcome to this stunning home in the highly desirable Gilbert neighborhood of Higley Groves! Nestled on a lush tree-lined street across from the local school, this home offers both charm and convenience. Inside, you'll find a beautifully upgraded kitchen with quartz countertops, new stainless steel appliances, a stylish farm sink, abalone backsplash, and refinished cabinets with new hardware. The master suite features double sinks and a walk-in shower, while upgraded tile flooring throughout, 5-inch baseboards, and fresh paint enhance the modern feel throughout the home. New ceiling fans with remotes are hung in every room. Garage floors have beautiful epoxy finish. Wood shelving in garage will convey, however, wood workstation will not convey. Step outside to your backyard oasis with new pavers, a sparkling pool, and a heated Jacuzzi perfect for relaxing or entertaining. Both the pool pump and spa heater were replaced within the last year for worry-free enjoyment. The front courtyard, also with new pavers, offers an inviting space to unwind. Additional newly poured concrete slab in the driveway offers extended parking to the future homeowner. Blackout sunscreens on the windows provide relief from the beautiful Arizona sun when enjoying the calm interior of your new home. This low-maintenance home is ready for you to move in and enjoy! TVs and TV mounts do not convey.

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2042 N Canelo Hills Mesa, AZ 85207

$605,000

2 Beds

2.5 Baths

1,741 SqFt

Status Active

MLS # 6676963

Property Type Single Family Residence

Price Type --

**SELLER OFFERING $3,000 in SELLER CONCESSIONS to be used towards any acceptable transaction needs** Fall in LOVE with this beautiful home in the desirable Sanctuary at Mountain Bridge! Nestled on a corner, it displays a desert landscape and a 2-car garage w/paver driveway. With an inviting open layout paired with plantation shutters, recessed lighting, neutral paint, and wood-look tile flooring in common areas. The gourmet kitchen boasts SS appliances that convey, granite counters, tile backsplash, staggered cabinetry w/crown molding, and a prep island w/breakfast bar. Washer and Dryer included as well! Berber carpet adds comfort to the bedrooms. Primary bedroom has an ensuite with dual vanities, sit-down shower, & a walk-in closet. Versatile den is great for an office. Out the back, you have artificial turf, well-laid pavers, and an extended covered patio. PLUS! NO neighbors behind & enjoy the mountain views!

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10605 E Tiburon Avenue Mesa, AZ 85212

$605,000

2 Beds

2 Baths

1,651 SqFt

Status Active

MLS # 6732794

Property Type Single Family Residence

Price Type --

MOTIVATED SELLERS HELPING YOU WITH PART OF YOUR CLOSING COSTS! This home has been lovingly customized with excellent taste. Located in the highly sought-after 55+ community of Encore at Eastmark in the East Valley. Before stepping inside, you'll be delighted by the freshness of the turf in its front yard and the charming porch where you can enjoy beautiful views, tranquility, and peace of this community. Inside the house, many features will enhance your comfort: the professionally custom-made furniture in the Master Bedroom's walk-in closet; the kitchen with quartz countertops, gas stove, stainless steel appliances, soft-close drawers and cabinets. Ample storage space available in the garage within the beautifully crafted custom closets; the sliding door to the backyard allows f spacious passage, beautifully covered by motorized screen shades. The elegantly bordered miniblinds, contemporary baseboards and enlarged to 8 doors are delicates touches that harmonize all the charm of this home. Ceiling fans with remote control, on-trend, in the bedrooms, living room, and backyard patio complete this pleasant and inviting interior ambiance. Upon reaching the backyard, you'll enjoy the covered patio that connects to a large wooden pergola. The turf and pavers in precise places add the finishing touches to this beautiful property. Don't miss the opportunity to become its owner.

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20021 W Pasadena Avenue Litchfield Park, AZ 85340

Open House

New

$605,000

3 Beds

2 Baths

1,987 SqFt

Status Active

MLS # 6753893

Property Type Single Family Residence

Price Type --

This is your chance to own a fantastic 3-bed, 2-bath horse property sits on an oversized lot! Its charm starts with a cozy front porch, 2 RV gates, & a 2-car garage w/extended driveway. Inviting interior features abundant natural light, high ceilings, a two-tone palette, and tile flooring w/soft carpet in bedrooms. You'll love the spacious open floor plan paired with French doors to the back! The impressive kitchen boasts SS appliances, granite counters, ample wood cabinetry, a pantry, recessed lighting, and an island w/breakfast bar. All bedrooms with walk-in closets! Main bedroom also has outdoor access and an ensuite with dual sinks & a separate tub/shower. HUGE! Unlimited potential can be explored in the backyard with a covered patio to relax. Enjoy beautiful mountain views! Just WOW!

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