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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14244 W Indianola Avenue Goodyear, AZ 85395

$600,000
5 Beds
3 Baths
2,635 SqFt
Status Active
MLS # 6744581
Property Type Single Family Residence
Price Type --
On the first floor, you'll find a versatile bedroom with a private exit and a full bathroom, ideal for guests or multi-generational living. Kitchen features quartz counter tops, refinished cabinetry and stainless steel appliances. The formal living leads to a grand staircase, taking you upstairs to 3 generously sized bedrooms and an impressive master suite, complete with two walk-in closets and an en-suite bathroom. The backyard features pavers, low-maintenance turf, and a sparkling swimming pool—perfect for staying cool during the hot summers. Situated in a prime location near community parks, top-rated schools, shopping, dining, and with easy access to I-10 and the Loop 303, this home is a must-see!

19700 N 76th Street Unit 1136 Scottsdale, AZ 85255

$600,000
2 Beds
2 Baths
1,863 SqFt
Status Active
MLS # 6758728
Property Type Apartment
Price Type --
Ground floor end unit in a great location near one of the community pools. Near guest parking in a quiet cul de sac. Perfect set up for full time residents, winter visitors, or long-term rental. Close to all the amenities of DC Ranch, Kierland and the Scottsdale Quarter. Adjacent to the Grayhawk Golf Course and a short drive to TPC Scottsdale. Furnishings can be purchased separately.

306 N Nevada Way Gilbert, AZ 85233

$600,000 - 3Br/2Ba -  for Sale in Summer Meadows Parcel 3, Gilbert
New
$600,000
3 Beds
2 Baths
1,868 SqFt
Status Active
MLS # 6760244
Property Type Single Family Residence
Price Type --
What a Great Location! One house away from the Community Park and Backing to McQueen Park and Activity Center. This Single Level Home includes 3 Bedroom Plus a Den/Office and 2 Full Bathrooms. The Vaulted Ceilings and Architectural Arches and Niches really Open Up the Floorplan and make the House Feel Much Bigger. The Kitchen Opens up to the Living Room, has Lots of Counter Space and a Breakfast Bar. The Primary Suite is Split from the other Two Bedrooms and Includes a Vaulted Ceiling, Two Sinks, Walk-in Shower, Roman Tub and Large Walk-in Closet. Both Sliding Patio Doors have been Upgraded by Anderson Window and Doors. The Backyard Includes a Covered Patio, Open Patio Area and Synthetic Grass. The Garage has Epoxy Floors and Built-in Cabinets.

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.

4628 W Hasan Drive Laveen, AZ 85339

$600,000
5 Beds
2.5 Baths
3,331 SqFt
Status Active
MLS # 6734170
Property Type Single Family Residence
Price Type --
Welcome to your dream home in Laveen, Arizona! This stunning property boasts 5 spacious bedrooms and 2.5 bathrooms, providing ample space for comfortable living. As you step inside, you'll be greeted by sleek tile flooring throughout the main floor, creating a seamless flow from room to room. The kitchen is a chef's paradise with beautiful wooden cabinets, granite countertops, and stainless steel appliances, making meal prep a breeze. Up the grand staircase, you'll find a spacious loft/game room/theater room, perfect for entertaining guests or enjoying family movie nights. The master bedroom is a true sanctuary with a large walk-in closet and an ensuite bathroom featuring dual sinks, a separate soaking tub, and a walk-in shower, providing the ultimate in relaxation.

812 W Cooley Drive Gilbert, AZ 85233

$600,000
4 Beds
2 Baths
2,051 SqFt
Status Active Under Contract
MLS # 6750880
Property Type Single Family Residence
Price Type --
Beautifully remodeled home in Cooper Ranch, features a new eat-in kitchen including new white shaker cabinets, white quartz countertops, stainless steel appliances, a gas range, and a large island with a breakfast bar that opens up to the spacious family room that features high vaulted ceilings and built in modern shelving. The en suite master bathroom was also fully remodeled with a huge walk-in shower and new floating vanities. The 4th bedroom has double doors and built in storage- perfect for an office! There is also a formal dining space. The home has new flooring throughout, an interior laundry room, a newer AC unit and a paved extended covered patio, private pool and artificial turf in the back with no neighbors behind, 3 car garage, new paint inside and out!

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.

18137 W Canyon Lane Goodyear, AZ 85338

$600,000
4 Beds
3 Baths
2,825 SqFt
Status Active
MLS # 6716112
Property Type Single Family Residence
Price Type --
This stunning 4-bedroom, 3-bath residence is the one you've been waiting for! Discover a welcoming living room with high ceilings, a neutral palette, and attractive wood-look flooring. The family room features an inviting fireplace for intimate gatherings. The kitchen is equipped with granite counters, ample wood cabinetry, recessed lighting, stainless steel appliances, a pantry, and a peninsula with a breakfast bar for casual dining. You'll also find TWO versatile lofts ideal for leisure or work. The main bedroom is complete with vaulted ceilings, a cozy sitting nook, and an ensuite with dual sinks. Enjoy spectacular sunsets in the backyard, which includes a covered patio, natural turf, and a refreshing pool. Make this gem yours today!

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.

3926 S Bridal Vail Drive Gilbert, AZ 85297

$600,000
3 Beds
2 Baths
1,844 SqFt
Status Active Under Contract
MLS # 6750427
Property Type Single Family Residence
Price Type --
This BEAUTIFULLY UPDATED single-story home, located in the heart of SAN TAN RANCH, features a SPARKLING PEBBLE TEC POOL and a SPACIOUS 3-CAR GARAGE. With 3 bedrooms and an open den that could serve as a formal dining room, the layout is both versatile and inviting. VAULTED CEILINGS and large windows flood the space with natural light, complemented by FRESHLY PAINTED INTERIORS. The kitchen boasts a LARGE island breakfast bar, a GAS STOVE, pantry, and STUNNING GRANITE COUNTERTOPS with contemporary faucets. Discover UPDATED FLOORING and a cozy GAS FIREPLACE. The property includes an RV GATE, a LARGE SIDE YARD for additional parking, and a pad for a shed. Enjoy the convenience of NEARBY SHOPPING AND DINING, along with a low monthly HOA. This home is exceptionally clean and MOVE-IN READY. This home is exceptionally clean and MOVE-IN READY.

11225 E Ramblewood Circle Mesa, AZ 85212

$600,000
4 Beds
2.5 Baths
2,836 SqFt
Status Active
MLS # 6748022
Property Type Single Family Residence
Price Type --
Welcome to your dream home! This stunning residence features 4 spacious bedrooms, perfect for family living or hosting guests. The heart of the home boasts a kitchen with new countertops and fixtures that elevate both style and functionality. Gather in the expansive downstairs area, ideal for entertaining and creating lasting memories. Upstairs, the loft offers a versatile space that can be tailored to your needs—whether as a cozy den, play area, or home office. Step outside to your private oasis, where a sparkling pool awaits, providing a perfect retreat for relaxation and fun. With its thoughtful layout and impressive amenities, this home combines comfort and elegance seamlessly. Don't miss your chance to own this exceptional property!

11265 E Watering Hole Street Sierra Vista, AZ 85635

$600,000
3 Beds
3 Baths
1,882 SqFt
Status Active
MLS # 6717957
Property Type Single Family Residence
Price Type --
COMPLETE OFF THE GRID 1880 SF 3 bdrm 3 bath two-story home. The house is brilliantly designed for passive solar gain through hundreds of windows on the south side of the home. On the north side there is covered parking for 4 vehicles. Conveniently located between Bisbee and Sierra Vista, the home is surrounded by vacant 40 acre parcels and State land. All new kitchen appliances, counters, wiring and plumbing. Brand Downstairs features brick flooring throughout, 2 bedrooms with lofts and hand-crafted ladders. One bedroom comes with an exterior door. There are 2 bathrooms downstairs, one with a tub and travertine tile shower. Propane tank is owned and full. The exterior rock work in retaining walls and custom-built bookcases are reflective of the skill and care that went into the home's creation. As in the rest of the house the emphasis is on the majestic 360 views-- hence the solar gain windows. Upstairs is the master bedroom and bath. A completely redone bathroom features; 24 X 12 ceramic tiles, custom bathtub and separate shower. The large master offers views that mesmerize, and the star gazing is surreal. Not by accident, the subdivision is designed with light pollution in mind for astronomical pursuits and of course horses. 5 STRAND BARBED WIRE FENCE SURROUNDS THE 40 ACRES. The $35,000 solar system is an EG4 and will serve all your electrical needs. Recent mini-split AC-Heat unit was installed. The registered well 55-546933 hits water at 151 feet, the well is drilled to 350 feet. Newer washer/dryer are conveniently located. A 1999 Ram pick-up goes with the property if wanted. A nesting pair of Screech Owls visit the carport in the early summer to raise their owlets. Tame and fun to watch!

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