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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232 W Cucumber Tree Avenue San Tan Valley, AZ 85140

$604,995

3 Beds

2.5 Baths

2,156 SqFt

Status Active

MLS # 6746146

Property Type Single Family Residence

Price Type --

Welcome to 232 W Cucumber Tree Ave! Step into luxury with this stunning former model home that offers a perfect blend of elegance and comfort. This beautifully designed residence features 3 spacious bedrooms and 2.5 pristine bathrooms, ensuring ample space for both relaxation and entertaining. From the moment you enter, you'll be greeted by high-end finishes and a thoughtful layout. The open-concept living area boasts a light-filled ambiance, with soaring ceilings and large windows that showcase the home's exquisite design. The gourmet kitchen is a chef's dream, complete with top-of-the-line appliances, sleek countertops, and custom cabinetry. The master suite is a private retreat, featuring a generously sized bedroom, a walk-in closet, and a luxurious en-suite bathroom with dual vanities a soaking tub, and a separate shower. Two additional bedrooms provide comfort and flexibility for family or guests. Step outside to your own slice of paradisea beautifully landscaped backyard that's perfect for entertaining or simply unwinding after a long day. The former model home status means it comes with all the upgrades and special features that set it apart from the rest. Located in the desirable Ironwood Crossing community, you'll enjoy easy access to local amenities, parks, and top-rated schools. Don't miss the opportunity to make this exceptional property your new home!

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21832 E Saddle Court Queen Creek, AZ 85142

$604,995

4 Beds

3 Baths

2,480 SqFt

Status Active

MLS # 6708927

Property Type Single Family Residence

Price Type --

The heart of the ranch-style Townsend is an open floor plan with a family room, a breakfast nook and a large kitchen that can be optioned with gourmet features. The adjacent primary suite offers a walk-in closet and an attached bath with several deluxe options, including a walk-in shower. You'll also find two additional bedrooms and a bath, as well as a private study and a dining room. Add another bedroom and bath in place of the dining room, or choose a guest suite instead. Includes covered patio and a 2-car garage!

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7617 W Smoketree Drive Peoria, AZ 85383

$604,990

3 Beds

2.5 Baths

1,953 SqFt

Status Active

MLS # 6751349

Property Type Single Family Residence

Price Type --

Brand new community in North Peoria! This stunning single story home offers 1,953 sq ft of functional living space. It features 3 bedrooms, 2.5 bathrooms, den, and a 2 car garage. The open concept kitchen is perfect for entertaining and features an Island, a walk-in pantry and stainless steel appliances. It also offers our Harmony Palette which includes gray painted 42'' cabinets, slate gray quartz kitchen countertops, 4x8 kitchen backsplash, and 6x24 wood looking plank tile in all the common areas. The great room offers a 4-panel center sliding glass door so you can step out into your covered patio to enjoy indoor/outdoor living in your backyard with friends and family. The primary suite has a spacious walk-in closet, double sinks, walk-in shower, and an additional linen closet for extra storage. This home also features a paver driveway, 8 foot interior doors, soft water loop and much more! Great location close to dining, freeways, parks, and entertainment!

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37645 W Padilla Street Maricopa, AZ 85138

$604,990

4 Beds

3.5 Baths

2,652 SqFt

Status Active

MLS # 6697374

Property Type Single Family Residence

Price Type --

Introducing luxury living, embrace the opulence of a new home previously exclusive to Scottsdale and the East Valley. Experience the versatility of our Flagstaff plan, featuring the Extra Suite Plus - a dedicated space ideal for multi-generational living! Your gourmet kitchen boasts stacked cabinetry, double ovens, and a gas cooktop. Relax in your spacious Spa Shower, entertain on the patio, or use the FOUR CAR GARAGE for all your toys! With 10ft ceilings, 8ft doors, and 8,750 sq ft homesites, K. Hovnanian Homes stands out! Move in by late summer and start your luxurious lifestyle! ^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.

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20073 W Luke Avenue Litchfield Park, AZ 85340

$604,990

4 Beds

3 Baths

2,561 SqFt

Status Active

MLS # 6716604

Property Type Single Family Residence

Price Type --

Cinnabar with a very private courtyard 4 bedrooms, study, formal dining or flex space, 3 baths and 3 car tandem garage. Large laundry room. Multi slide door at great room that leads out to the covered patio. 8' gate. Pavers at drive, walk and entry, Stainless steel gas appliance package with 36'' cooktop, wall oven and canopy hood. Boulder (gray) cabinets throughout the home and pull out trash drawer and 3 drawers ILO doors. AZT Hana Sky quartz countertops in kitchen with stainless steel undermount single bowl sink. Upgrade flooring includes DT Broxburn gray 6x24 plank tile throughout the home except bedrooms/closets. Upgrade 5'' base boards and 3 1/4'' door casings. Stub out for BBQ, 8' tall garage door with two openers and garage service door. Estimated completion July/August.

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19046 W Rose Lane Waddell, AZ 85355

$604,355

5 Beds

3.5 Baths

3,159 SqFt

Status Active

MLS # 6732914

Property Type Single Family Residence

Price Type --

Brand new community! Currently under construction this fabulous 2 story floorplan on a corner homesite with spectacular Mountain views. Enter from the covered front porch with downstairs Den/Study, open concept plan with Upgraded Gourmet Kitchen with Slate staggered cabinets, with crown molding, tiled backsplash, Stainless Steel GE appliances, gas cooktop, oversized Quartz center island overlooking the great room with stainless undermount sink. Downstairs owner's suite, dual sinks, separate tub and shower, quartz countertops, huge walk-in closet. Huge loft upstairs, both baths have raised vanities with Slate cabinets, Moen brushed Nickel faucets. Covered back patio is included. This is a must see don't miss out on this fantastic opportunity. Estimated completion is November 2024!

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6202 E Mckellips Road Unit 299 Mesa, AZ 85215

$604,000

3 Beds

2 Baths

1,818 SqFt

Status Active

MLS # 6747158

Property Type Single Family Residence

Price Type --

Golf Course Lot! Beautiful Tuscany Villas at Painted Mountain single family with no shared walls.18 in ceramic tile,neutral carpet,10 ft ceilings,great room floor plan,stainless steel appliances,maple cabinets,granite counters,kitchen island,recessed lights.Primary bed with bay window,separate tub & shower,cultured marble, w/in closet.Dining room bay window,breakfast nook.Exterior stone accents, stuccoed eaves, exterior fireplace, covered extended patio with pavers. Built in BBQ. Upgraded ceiling fans, inside laundry, HOA covers: roof, exterior, front landscaping, internet, cable and blanket insurance policy. Clubhouse, heated pool, 2 spas, pickle ball, fitness area and media room. Light & bright, close to everything, including 202 Loop and Superstition Springs Mall, this home has it all!

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1904 W Chisum Trail Phoenix, AZ 85085

$603,990

3 Beds

2.5 Baths

1,992 SqFt

Status Active

MLS # 6718847

Property Type Single Family Residence

Price Type --

Tree-lined streets, pedestrian-friendly sidewalks and a 5,500 sf recreation center with resort style pool an kiddie pool, shaded ramadas, parks, gathering areas, pickelball courts and basketball. Close to I-10, 101 and 303. Walking distance to restaurants, movies, entertainment and shopping. This stunning Peralta plan exudes charm and elegance, boasting a farmhouse elevation that captures the essence of modern rustic living. With 1992 square feet spread across two floors, this home offers the perfect blend of spaciousness and cozy intimacy. Step inside and be greeted by the inviting great room, flooded with natural light from the abundance of windows that adorn the space. The kitchen is a culinary enthusiast's paradise, featuring pristine stainless-steel appliances, white painted shaker cabinetry complemented by quartz countertops, designer backsplash, and chic champagne bronze hardware. Throughout the home, you'll find thoughtful upgrades that elevate the living experience. The downstairs and upstairs wet areas are adorned with 6x36 wood-look tile, while the primary bath is accentuated with large white hexagon tile, offering a touch of luxury. Upstairs, indulge in the comfort of upgraded carpeting, creating a cozy oasis in the bedrooms. Attention to detail is evident in every corner, with upgraded black plumbing fixtures adding a touch of sophistication to the bathrooms, which also boast white painted shaker cabinets, rectangular sinks, and upgraded natural brass vanity lighting. The primary shower has been enlarged for a spa-like experience, providing the ultimate relaxation retreat. Other notable features include an upgraded mission stair rail, 8' interior doors with upgraded black door hardware, pavers at the covered entry, and convenient amenities such as a water softener pre-plumb, a gas stub for BBQ at the side yard and front and rear exterior gates. Located in Union Park at Norterra this home offers not just a living space, but a lifestyle. Don't miss the opportunity to make this your forever home and experience the epitome of modern farmhouse living!

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16109 W Mohave Street Goodyear, AZ 85338

$603,500

4 Beds

3.5 Baths

2,959 SqFt

Status Active

MLS # 6703414

Property Type Single Family Residence

Price Type --

Enjoy this HOT summer swimming with friends and family! This Beautiful 4 bedroom, 3.5 bath, 3 car garage, RV Gate home is a steel! Don't miss out on this 12,916 Sqft Lot!

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3213 W San Cristobal Road Queen Creek, AZ 85144

$603,401

4 Beds

3 Baths

2,357 SqFt

Status Active

MLS # 6672892

Property Type Single Family Residence

Price Type --

Beautifully Landscaped Master Planned Community by Fulton Homes. Located within minutes of major shopping, restaurants, and freeways. Promenade is at the base of the San Tan Mountains. There are Six Parks throughout the community, one of which is an Aquatic Center with a 7,400 square foot pool. Full basketball and sand volley ball courts. Bocce ball court, pickle ball court, and corn hole are available. Ramada's, Tot Lots, BBQ's, an entry waterfall, and acres of landscaped and grass areas make Promenade your Oasis in the Desert. We look forward to meeting you soon.

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12800 N 172nd Drive Surprise, AZ 85388

$603,321

5 Beds

3.5 Baths

3,159 SqFt

Status Active

MLS # 6756193

Property Type Single Family Residence

Price Type --

QUICK MOVE-IN!!!!! SELLER IS OFFERING INTEREST RATE AND CLOSING COST ASSISTANCE! This beautiful new home is a must see. 5 bedrooms, 3.5 baths, loft and a 3-car tandem garage. 1st floor Owner's Suite! Beautiful, tiled floors on 1st floor including the Great Room, upgraded carpet upstairs and in bedrooms, The home has a large open kitchen and great room. Beautiful gray Cabinets, Quartz countertops, Stainless steel appliances and a large kitchen island. Secondary bedrooms are good size, and some have walk in closets, they are all surrounded by a spacious loft. The home is on a large lot that gives you many entertaining opportunities and has no backyard neighbors. Photos are of another home with similar selections.

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8124 E Prairie Avenue Mesa, AZ 85212

$602,990

5 Beds

3 Baths

2,679 SqFt

Status Active

MLS # 6758988

Property Type Single Family Residence

Price Type --

A collection of brand-new single-family homes located in the master-planned community in Mesa, AZ. The community feeds into the highly rated Gilbert Public School District, making this an ideal place for growing households. There are many onsite amenities at the masterplan everyone will enjoy, including a swimming pool, basketball court, pickleball court, playground and picnic area. Commuters have easy access to Loop 202 and Phoenix-Mesa Gateway Airport for travel accommodations. This beautiful home features our platinum package including Sonoma Maple Linen cabinets and quartz countertops. Super Luxury 8 x 36 tile flooring.

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