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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33395 N 132nd Drive Peoria, AZ 85383

$600,000

4 Beds

2.5 Baths

1,940 SqFt

Status Active

MLS # 6748045

Property Type Single Family Residence

Price Type --

MOVE IN NOW! Welcome to your brand NEW HOME in Villages at Vistancia, North Peoria. With a premium oversized lot and a north-facing view, you are surrounded by the natural beauty of the Sonoran desert and the mountains. Step inside this elegant Shiloh Model by Beazer Homes. 1942 sq.ft. of living space, 4 BED + 2.5 BATHS + 2 CAR Garage with a Double RV Gate! Open concept main living area with classic herringbone-natural wood look porcelain tile floors, 12' great room double sliding doors, LED recessed canned lighting, oil rubbed bronze fixtures and hardware, upgraded designer wood shutters, blinds, trim, and doors throughout. The open-concept kitchen features beveled edge warm-tone granite countertops and an island, rich walnut cabinets, under-cabinet lighting,... stylish smoked glass pendant lighting, stainless steel Whirlpool appliances with double ovens, and a pantry for all your storage needs. Spacious master suite with wood shutter and can-lighting, master bath features porcelain tile floors, executive height granite vanity, double sinks, oil rubbed bronze fixtures, large walk-in shower with dark trim, and a walk-in closet. 3 additional bedrooms, a full bathroom, and a convenient powder room offer plenty of space throughout the home. Pre-wired for cameras, security flood lights, electric car, solar, and ceiling fans. Step out back and enjoy the scenic mountain views, bring your decorating ideas, and create your perfect Arizona oasis on this premium oversized lot. Neighborhood mountain views, close proximity to 303 freeway access, 20 minutes to TSMC, shopping, dining, entertainment, health care, and less than 20 min. away from beautiful Lake Pleasant Regional Park. Full list of updates available.

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1431 E Wood Street Phoenix, AZ 85040

$600,000

5 Beds

4 Baths

2,136 SqFt

Status Active

MLS # 6738358

Property Type Single Family Residence

Price Type --

Beautifully remodeled property with R-4 multi family residential zoning on HUGE 19,996 sq ft LOT - Endless Potential! Offering immense flexibility, this property is perfect for investors or developers looking to maximize their return, with the potential to build multiple units or houses. Modern upgrades and high- quality finishes throughout the main house. Don't miss this rare opportunity to own a versatile property with significant development potential here in Phoenix.

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31226 N 45th Street Cave Creek, AZ 85331

$600,000

3 Beds

2.5 Baths

1,733 SqFt

Status Active Under Contract

MLS # 6749611

Property Type Single Family Residence

Price Type --

Step into your private backyard retreat, complete with a sparkling pool, built-in BBQ and bar, and low-maintenance artificial turf, and some amazing fruit trees to enjoy—perfect for weekend gatherings. Recent upgrades throughout the home include a new A/C unit, new pool equipment, updated kitchen appliances, stylishly updated bathrooms, refinished deck coating on the upper balcony, and a Tesla charging outlet in the epoxy-finished garage. Located around the corner from Desert Willow Elementary, and minutes from Desert Ridge Marketplace and the charming town of Cave Creek, this home offers a lifestyle of comfort and convenience. Whether you're hosting friends or exploring the local area, this is where you'll truly feel at home. Welcome to Tatum Ranch in Cave Creek!

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15244 N 7th Place Phoenix, AZ 85022

$600,000

4 Beds

2 Baths

1,932 SqFt

Status Active

MLS # 6755157

Property Type Single Family Residence

Price Type --

Retro Beauty with Mountain View! Step into this charming 4-bedroom, 2-bathroom home, nestled on a spacious cul-de-sac with a large backyard, shed, and expansive covered patio for ultimate privacy. Enjoy stunning mountain views while relaxing in this serene setting. Inside, you'll find a cozy fireplace, formal living and dining rooms, and timeless old-world charm throughout. The master bathroom features a luxurious Steammist steam bath, transforming your daily routine into a personal spa experience. Located in a prime location, just a short distance from downtown, this home offers both convenience and character. A must-see for anyone seeking a blend of retro style, comfort, and modern luxury!

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42926 N 10th Street New River, AZ 85087

$600,000

1 Bed

1 Bath

860 SqFt

Status Active

MLS # 6738120

Property Type Single Family Residence

Price Type --

Would you like to build your dream home on the top of a mountain? This cozy home is your gateway to your dream house. One bedroom, one bath, open great room with a surprisingly roomy kitchen. Fantastic Views of the West Valley from your covered porch, oversize garage and large well-built storage shed round out the lower portion of this 2 acre property. Up the path to the top of the hill where spectacular views of the NE and SW valleys await you, and the perfect opportunity for that one-of-a-kind home.

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22630 E Mewes Road Queen Creek, AZ 85142

$600,000

3 Beds

2 Baths

2,243 SqFt

Status Active

MLS # 6743388

Property Type Single Family Residence

Price Type --

Beautiful Crimson Model with North Facing Backyard. Barely Lived in, Super Clean. 3 Bedrooms Plus Bonus Room/Den. Kitchen includes White Cabinets, Granite Counters, Huge Island with Breakfast Bar, Stainless Steel Appliances and Walk-in Pantry. Open and Bright with 10 Foot Ceilings and Wood Plank Tile Floors. Primary Suite has a Large Bedroom, Double Sinks, Walk-in Shower, Soaking Tub, Large Closet and is Split from the other Bedrooms. Secondary Bedrooms have Walk-in Closets. Backyard includes an Extended Covered Patio, Lots of Paver Work, Synthetic Grass, Built-in BBQ and Raised Planter. 3 Car Tandem Garage has an 8 Foot High Door for Taller Vehicles and Epoxy Floors. Community Amenities: Two Pools, Splash Pad, Large Lake, Large Park Area, Children's Playgrounds, Fire Pits & so much More

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11410 N 50th Lane Glendale, AZ 85304

$600,000

5 Beds

3 Baths

2,782 SqFt

Status Active

MLS # 6755548

Property Type Single Family Residence

Price Type --

Beautiful Former Model Home...Inviting 5 bedroom, 3 full bathrooms! Real wood plantation shutters, recess lighting, 8 foot doors and closets, 5 inch base boards throughout home. Gorgeous kitchen w/ white cabinets, stainless steel appliances, granite counter top, and an island w/ a breakfast bar. Spacious primary bedroom w/ large walk in closet, double sinks w/ subway tiled walk in shower. Primary bedroom PLUS 2 additional bedrooms and another bath downstairs! Large loft, 2 more bedrooms and a bath upstairs. Energy efficient spray foam insulation keeps electric bills low. Laundry room w/ sink and custom cabinets downstairs. Dreamy backyard showcases a covered patio, pavers, built-in BBQ, a fire pit, & an enticing pool for year-round entertainment! A MUST SEE!!

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1808 N Sandal -- Mesa, AZ 85205

New

$600,000

3 Beds

2 Baths

1,749 SqFt

Status Active

MLS # 6760632

Property Type Single Family Residence

Price Type --

This home has been remodeled with high end finishes throughout. 36 inch Wolf gas stove, KitchenAid wall convection oven/microwave combo, custom built vent hood, KitchenAid Dishwasher, Built-in Frigidaire Professional Series 66 inch wide refrigerator/freezer, huge pantry, Electric Fireplace, Kohler sinks and toilets. Inviting backyard pergola and patio area with artificial turf, raised garden beds with shade canopy, 3 car garage with epoxy floor and overhead storage. Reverse osmosis, water softener, recently painted exterior, new windows, new interior and exterior doors, and RV gate. Complete remodel finished in 2022

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220 N Nielson Street Gilbert, AZ 85234

$600,000

5 Beds

3 Baths

2,357 SqFt

Status Active

MLS # 6751130

Property Type Single Family Residence

Price Type --

Step into this inviting home, where the journey begins in the bright and airy living room, bathed in natural light streaming through the sliding door. The heart of the home is the beautifully designed kitchen, where stunning walnut cabinets, sleek stainless-steel appliances, and a versatile movable island create the perfect space for cooking and entertaining. As you explore further, you'll find the floors are a tasteful mix of travertine tile, engineered hardwood, and other quality materials, all contributing to the home's elegance. Descending four steps, you'll discover two additional bedrooms, a den or potential theater room, and a full bath—ideal for guests or a private retreat. Ascend to the second story to find two more bedrooms sharing a full bath, along with the tranquil master suite, complete with its own bath for ultimate relaxation. Stepping outside, the property continues to impress with a sparkling pool, an outdoor barbecue area, and an upgraded AC unit installed in 2020, ensuring year-round comfort. The garage offers convenience with a new door and opener, while significant updates like roof plywood replacement, enhanced insulation, and a newly dual-pane windows throughout the home ensure energy efficiency and comfort. Every corner of this home blends modern updates with thoughtful design, creating a perfect balance of style and comfort. PLEASE ADD TO THE CONTRACT: ITEMS THAT DO NOT CONVEY: Outdoor Security Cameras, refrigerator in the garage.

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17106 E La Pasada Drive Fountain Hills, AZ 85268

$600,000

4 Beds

2 Baths

1,522 SqFt

Status Active

MLS # 6748601

Property Type Single Family Residence

Price Type --

Welcome to your dream home! This exquisite 4-bdrm residence w/den is situated on a spacious lot in the highly sought-after Fountain Hills community. Every inch of this home has been thoughtfully remodeled to offer the perfect blend of modern luxury & timeless charm. Enjoy 4 generously sized bedrooms plus a versatile den, ideal for a hm office/additional living space. Experience contemporary living with high-end finishes, sleek fixtures, and a state-of-the-art kitchen. The large lot provides ample space for outdoor entertaining, gardening, or simply relaxing; endless possibilities! Nestled in a tranquil neighborhood w/ access to all the amenities that Fountain Hills has to offer, including seasonal art/wine festivals, Fountain park, dining and the iconic Fountain.

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4344 E Granada Road Phoenix, AZ 85008

$600,000

3 Beds

2.5 Baths

2,108 SqFt

Status Active

MLS # 6754410

Property Type Townhouse

Price Type --

This home is a must see! Well appointed townhouse in gated community in high demand area. Built in 2022 by D.R. Horton. Incredible location, just a 10 minute Uber to Sky Harbor Airport. Easy freeway access and close to everything Arcadia, Biltmore, Tempe, Scottsdale and Downtown Phoenix have to offer. 70 walk score and 89 bike score! This is a spacious home with a large loft. It's the largest model offered in the community at 2108 sq ft, featuring 3 bedrooms, 2.5 bathrooms, office and a loft. Tall 10' ceilings and 8' doors. 2 car private garage. Only 2 doors away from a nice community pool. Makes an excellent ''lock and leave'' house with the gated entrance and low maintenance backyard landscaping (artificial turf and pavers)

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1124 E Carmen Street Tempe, AZ 85283

New

$600,000

3 Beds

2 Baths

1,938 SqFt

Status Active

MLS # 6759955

Property Type Single Family Residence

Price Type --

In the heart of Tempe, this 1970's home on a gigantic lot with a 3 car garage just had a nice refresh. The home was beautifully maintained before and it's even nicer now! HVAC was replaced 2017 and the water heater in 2021. All new appliances in the kitchen! Some unique features include an RV gate on the back wall off a wide alley and a carport attached to the SE side of the house that has been used to store a boat. There's also a good-sized dog run that includes the back patio so that your tiny dog (or even your big dog) can be with you while getting exercised.

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