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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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)

1124 E Carmen Street Tempe, AZ 85283

$600,000 - 3Br/2Ba -  for Sale in Bradley Manor, Tempe
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.

4717 W Nicolet Avenue Glendale, AZ 85301

$600,000
5 Beds
4 Baths
1,319 SqFt
Status Active Under Contract
MLS # 6754765
Property Type Single Family Residence
Price Type --
This property consists of three rental units. The main house has 2 bedrooms and 1.75 baths with a covered patio and a detached carport. Behind the detached carport is a second rental unti whiich is a converted garage. It has 2 bedrooms and 1 bath and has 792 sq ft. The guest house at the back of the property includes 882 sq ft with 2 bedrooms and 1 bth and has an attached storage room of 555 sq ft. The property also has access to the alley through a sliding gate plus ample parking space for all three dwellings, boat and RV parking. The tenants in 2 of the dwellins are long term tenants who would like to stay. The guest house is currently vacant and would be ideal for an owner occupant or a third tenant. New AC unit being installed on the guest house. Buyer to confirm permissable use(s).

71 Lake Patagonia Road Nogales, AZ 85621

$600,000
4 Beds
3.5 Baths
2,962 SqFt
Status Active
MLS # 6759683
Property Type Single Family Residence
Price Type --
Welcome to Patagonia Lake Subdivision. Enjoy the luxury lifestyle afforded with this 4 bed 3.5 bath residence nestled on a 4.4 acre lot with panoramic views. The soaring ceilings create a feeling of great space and security. This residence will make a great winter residence or a terrific year around home. Well maintained, this concrete block/stucco home boasts 6'' thick walls, Anderson Windows, R27 walls & R50 ceilings for comfort and energy efficiency in every season. 8' solid mahogany doors add a touch of elegance. Other features include, granite counters, bonus room (5th bedroom?), walk in closets, jetted bathtub, solar heated swimming pool, covered patio, private well, 2 car garage and fenced back yard. Seize this opportunity to call this masterpiece home

18578 W Elm Street Goodyear, AZ 85395

$600,000
3 Beds
2.5 Baths
2,278 SqFt
Status Active Under Contract
MLS # 6755093
Property Type Single Family Residence
Price Type --
Highly desired haven in Sedella Community showcases a sparkling pool! Featuring a 3-car garage w/paver driveway & an RV gate. Come inside & fall in love w/the enchanting open floor plan graced w/tile flooring, an entertainment niche, & multiple windows allowing abundant natural light. Fabulous kitchen is a cook's delight, fully equipped w/a walk-in pantry, espresso cabinets w/crown moulding, a prep island w/a breakfast bar, quartz counters, recessed & pendant lighting, & glossy SS appliances such as a wall oven & cooktop gas. You'll also have a dedicated den or office. The main bedroom promises a serene retreat, offering plush carpet, an ensuite w/two vanities, & a walk-in closet. Spacious backyard boasts a covered patio & an enticing pool perfect for year-round enjoyment. Don't miss!

8814 E Sunnyside Drive Scottsdale, AZ 85260

$600,000
3 Beds
2 Baths
1,385 SqFt
Status Active
MLS # 6739588
Property Type Single Family Residence
Price Type --
Quiet neighborhood in a fantastic North Scottsdale location with easy access to Loop 101. This 3 bedroom home offers a 2 car garage with a Brand New epoxy floor, a newer tankless water heater (2023), and spacious living. Welcoming courtyard & private backyard. The sizeable living room has newer ceiling fans and plantation shutters. Breakfast area in the kitchen, large primary bedroom with walk-in closet & open vanity area, ceiling fans in every room, and all appliances are included. Very well maintained community with heated pool, spa, & tennis/pickleball. HOA maintains the front yard too!

4338 E Foundation Street Gilbert, AZ 85234

$600,000
4 Beds
2.5 Baths
2,195 SqFt
Status Active
MLS # 6730209
Property Type Single Family Residence
Price Type --
Welcome to Morrison Ranch, where even the cows are contemplating moving in for the sheer charm of this place. Gilbert's quirkiest and most delightful enclave has just what you're looking for - and probably a few things you didn't know you needed. As you step onto Foundation St, you're greeted by a 2-car garage that says, ''Yes, I can fit two cars, and maybe even a unicycle if you're feeling adventurous.'' The tasteful stone facade is like a well-dressed gentleman at a party, standing out just enough to impress without stealing the spotlight. This stunning 4-bed, 2.5-bath palace of practicality offers a whopping 2200 sq ft of living space, ensuring you have all the room you need for activities you'll never get around to. Click on ''more'' for additional fun!! With high ceilings that practically scrape the sky, a neutral palette that's the Switzerland of color schemes, and durable tile flooring that can survive everything from toddler tantrums to your clumsiest adult moments, this home has it all. The kitchen is the heart of the home, or in this case, the granite-countered, recessed-lit, stainless steel-applianced wonderland. The pantry is so spacious it could moonlight as a hide-and-seek champion, and the island with a breakfast bar is perfect for those mornings when you just can't decide if you're a cereal or a toast person. Upstairs, you'll find a quaint loft with a built-in desk for all your home office needs, or as we like to call it, the procrastination station. The main bedroom offers new carpeting that feels like walking on a cloud and a large walk-in closet where you can store your hopes, dreams, and an impressive collection of mismatched socks. The backyard boasts a refreshing pool that's just begging for a cannonball contest. And with the house just two doors down from the neighborhood park, it's the perfect spot to unleash the kids or the dogs - or the kid that thinks they're a dog. Location-wise, you're within walking distance to Cactus Yards Sports Complex, where you can watch local heroes hit home runs or possibly just hit the ground. Commuting is a breeze with proximity to Loop 202 & US 60, making your travel time as smooth as your favorite morning coffee. Now, for the nitty-gritty: this house has appraised at list price, because of course it has! Roof & AC inspections have been performed and given a clean bill of health, so you can sleep soundly knowing your new abode isn't about to spring a surprise leak or turn into a sauna. Why just read about this gem when you could be living in it? Schedule a visit today and see why Foundation St is the foundation of your next great adventure. Don't wait - homes like this are snatched up quicker than free samples at Costco!

1642 S Whiting Circle Mesa, AZ 85204

$600,000
4 Beds
2 Baths
1,841 SqFt
Status Active
MLS # 6753716
Property Type Single Family Residence
Price Type --
CHARMING 4 bedroom/2 bath light and bright home featuring open kitchen with white cabinets, dining area, large tile, Master bath with jacuzzi tub and separate walk in shower. Home has a security door and oversized front window creating plenty of natural light! Separate Guest house with full kitchen, white cabinets and beautiful plank flooring. Yard with mature trees, pergola, grass, oversized front patio. Located close to amenities, shopping and restaurants.

3850 N 12th Avenue Phoenix, AZ 85013

$600,000
2 Beds
1 Bath
1,000 SqFt
Status Active
MLS # 6749359
Property Type Single Family Residence
Price Type --
PROFESSIONAL PHOTOS COMING SOON! BACK/FRONT YARD ARE ALSO BEING PROFESSIONALLY LANDSCAPED AND TURF INSTALLED. Beautifully remodeled home in central Phoenix near Encanto Village! The interior of the home has been completely upgraded, including a large kitchen with brand new appliances, and a separate utility room. The home sits on a 7,362 SqFt lot with plenty of room in the backyard to add-on! The single-car detached garage is connected to power and has potential to be converted to a guest-house or Airbnb. Great location, very quick access to downtown, near to hospitals, shopping at the Biltmore, schools, parks, public transportation, restaurants, night life, entertainment, highways, and everything the valley has to offer!

44534 W Sedona Trail Maricopa, AZ 85139

$600,000
6 Beds
3.5 Baths
4,019 SqFt
Status Active
MLS # 6756664
Property Type Single Family Residence
Price Type --
Luxuriously updated BASEMENT home in Cobblestone Farms. Built with Fulton Homes quality, this 6 bedroom, 3.5 bath, 3 car garage home has everything your looking for. The kitchen is a chef's dream with double wall ovens, electric cook top, under-cabinet lighting, plus quartz counters including a large island with a sink and breakfast bar. The first floor has 10-foot high ceilings, providing lots of natural light. There are 4 bedrooms, and the master is split for privacy. In the basement are 2 additional bedrooms, and a HUGE bonus room with a wet bar, perfect for entertaining. The bathrooms and floors have been recently upgraded, and the spacious backyard has newly laid sod. It all sits on a 9000+sf corner lot, just a few hundred feet from the community pool and other amazing amenities.

19001 W Desert Mirage Drive Surprise, AZ 85388

$600,000
3 Beds
2 Baths
1,988 SqFt
Status Active
MLS # 6756108
Property Type Single Family Residence
Price Type --
Say ''Curb appeal!'' to this stunning 3bed, 2bath home w a den in Surprise. Its eye-catching stone elevation and peaceful porch make a great first impression. Inside, you'll find a meticulously maintained home w a gourmet kitchen featuring custom cabinets, a pantry, oversized island, and stainless-steel appliances. The open concept extends to the outdoor living area w dual sliders, a covered patio w ceiling fans, TV hookups, a self-cleaning saltwater pool w a water feature, custom shades, and a pergola w a built-in BBQ. The owner's suite boasts a spacious bedroom, a spa-like bathroom w an oversized shower, dual sinks, and a custom closet. Additional features include plantation shutters, leased solar, sun screens, gutters, and oversized garage w built in cabinets/epoxy floors. Come see it!

2063 E Orion Street Tempe, AZ 85283

$600,000
4 Beds
2 Baths
2,004 SqFt
Status Active Under Contract
MLS # 6757242
Property Type Single Family Residence
Price Type --
Welcome to your new home in Tempe Royal Palms! This beautiful (partially) remodeled, block, single level family residence offers a perfect blend of style and comfort. Featuring 4 bedrooms, 2 baths, the home is designed with a soothing color palette, smooth texture walls and an open floor plan. North/ South exposure. Spanning 2004 sq ft, you'll appreciate the wood shutters and wood flooring throughout most of the home. The recently remodeled hall bath (2023) and newer AC unit, Trane XV18 True Comfort w Variable Speed (2021) add to the homes appeal, ensuring both style and functionality. The new water heater provides added convenience knowing it will not have to be replaced for years. The secondary bedroom has a black out shade for day sleepers. Kitchen with granite counters, pantry, Stainless Steel Appliances, Refrigerator included. Master bathroom has a new toilet, shower fixtures and sink faucets. Both bathrooms contain vent fans with moisture sensors to vent all excessive moisture. Step outside to enjoy the sparkling pool w Pebble Tec finish, ideal for cooling off on a hot summer day. The 900 Sq ft. extended Eco friendly Alumawood Covered Patio is perfect for entertaining guests or relaxing in the shade, and features a roller shade. The easy to maintain desert landscaping keeps upkeep minimal, while the home offers convenient access to freeways, schools, restaurants and shopping. With no HOA to worry about, this home combines both comfort and convenience in the heart of South Tempe. Come and experience everything this location has to offer! Buyer to verify all material facts and measurements.

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