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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4832 W Stargazer Place Laveen, AZ 85339

$599,995
4 Beds
2.5 Baths
2,024 SqFt
Status Active
MLS # 6683740
Property Type Single Family Residence
Price Type --
The single-story Dominic plan offers an open, inviting layout and ample living space. At the heart of the home is a spacious great room that flows into an impressive gourmet kitchen with a center island, quartz counter tops, dual pantries and a generous breakfast nook. A luxurious primary suite showcases an immense walk-in closet and a private bath with Deluxe walk-in shower, a covered patio invites relaxation, a study and a teen room, and a third side turn garage bay.

10434 S 48th Glen Laveen, AZ 85339

$599,995
4 Beds
3 Baths
2,630 SqFt
Status Active
MLS # 6719435
Property Type Single Family Residence
Price Type --
An inviting covered porch welcomes guests to the charming Pomona plan. A spacious great room is at the heart of the open layout, adjacent to a roomy nook and an impressive Gourmet Kitchen with 42'' white cabinets, quartz counters, matte black fixtures throughout, a walk-in pantry, center island, and 10' ceilings. There is stone tile throughout, with carpeted bedrooms. This home will be built with a study. The lavish primary suite offers a generous walk-in closet, private bath #2 w/double sinks, deluxe walk-in shower with rain. A convenient laundry room, tankless water heater, covered patio, and 8' garage doors, are also included.

4835 Butterfly Drive Prescott, AZ 86301

$599,995
4 Beds
3 Baths
2,929 SqFt
Status Active
MLS # 6702043
Property Type Single Family Residence
Price Type --
VA ASSUMABLE LOAN! This charming residence spans nearly 3000 sq ft and sits on a .3-acre homesite nestled within the scenic Yavapai Hills neighborhood. Offering stunning vistas of the Bradshaw Mountains, this home enjoys a privileged position backing onto state/open land. Its exterior boasts meticulous landscaping and a covered front porch, welcoming guests with excellent curb appeal. Inside, the great room features oak wood floors, a vaulted ceiling, and a cozy gas fireplace with a stone surround and wood mantel, creating an inviting atmosphere. The adjacent formal dining area adds an element of elegance. The kitchen is a chef's dream, showcasing knotty hickory cabinets, laminate countertops with a subway tile backsplash, a huge butcher block center island, stainless steel appliances A cozy eat-in kitchen area provides a casual dining option. The expansive master suite offers dual sinks, a jetted garden tub, a separate shower, a walk-in closet, a window seat, and access to an upper deck, ideal for soaking in the scenic views. Completing the main level are two additional bedrooms, an office/creative room, and a convenient mudroom. Downstairs, the walkout basement features a sizable family room with access to a lower deck, storage space in the crawl space, and a newly renovated fourth bedroom with an ensuite bathroom and stunning walk-in shower. Additional amenities include a gas stub on the rear deck, recirculating hot water, and plantation shutters. Outdoor living is enhanced by decks on each level with wrought-iron railings, as well as a partially fenced backyard enclosed with wrought-iron fencing.

1735 W Wildwood Drive Phoenix, AZ 85045

$599,995
3 Beds
2.5 Baths
2,178 SqFt
Status Active
MLS # 6749237
Property Type Single Family Residence
Price Type --
Immerse yourself in luxury living in Ahwatukee with this exquisite 3-bedroom, 2.5-bathroom home boasting a dazzling pool. The open floor plan exudes light, brightness, and airiness. Upstairs, you'll find an additional loft perfect for casual lounging. The spacious primary bedroom features a walk-in closet that will fulfill any fashionista's dreams. Step outside to the backyard oasis with a pool ideal for entertaining. The beautiful kitchen highlights a large island and breakfast bar for casual dining. Don't let this rare gem slip away - conveniently located near the 202 freeway for easy commuting to work or exploring the surrounding area.

3884 Gold Ridge Road Wickenburg, AZ 85390

$599,995
2 Beds
2 Baths
1,976 SqFt
Status Active
MLS # 6710099
Property Type Single Family Residence
Price Type --
STUNNING property w/undeniable curb appeal, meticulously landscaped grounds, and pavered driveway. Beautiful wood-like tile flooring throughout the open floor plan leads to the kitchen/living space boasting quartz countertops, GE stainless steel appliances, and ample cabinetry. Spacious split bedrooms and office space off the kitchen, perfect for working from home. Custom built-ins in both the office & living room with a beautiful mounted fireplace. Step out back to experience a private oasis with mature landscaping and breathtaking views. Enjoy tennis, pickleball, golf, hiking, and more! From the incredible golf course and upscale Cuisine at Jake's Spoon to the open-air lakeside setting at The Watering Hole, there's something delicious at every corner of the Wickenburg Ranch Community. At Wickenburg Ranch, world-class golf awaits right outside your door. The artfully crafted design and beautiful Bentgrass greens of both courses offers a superb golfing experience. Enjoy 18 holes on our award-winning, championship course, Big Wick or head over to Li'l Wick for a round on the par-3, 9-hole course where golf and entertainment are seamlessly blended in a way you won't find anywhere else in the country. Step inside our 42,000 square foot Golf and Social Club, a welcoming space for Members to pursue their passions, discover new hobbies, and connect with friends. The Art Barn, Event Hall, Sophie's Kitchen, and Rocker Box/Henry's Room are just a small taste of the inspired amenities that make it the social hub of the community. Health and wellness are at the forefront here at Wickenburg Ranch. Create a fun and effective workout at our gym, or challenge your neighbors to some friendly competition at the Courts & Sports Complex. After your workout, embrace tranquility and rejuvenate the mind, body, and spirit at Alvea Spa. Gather with friends for flavorful fare at one of our signature restaurants and casual hangouts. From the incredible golf course views and upscale Arizona Roadhouse Cuisine at Jake's Spoon to the fresh dishes and open-air lakeside setting at The Watering Hole, there's something delicious at every corner here at Wickenburg Ranch, every day of the week. With an average of 300 days of sunshine a year, it's no wonder homeowners take their activities outdoors to enjoy Arizona's incredible weather. Enjoy over 20 miles of genuine hiking trails woven throughout the property that twist and turn through the pristine desert hills. And our beautiful six-acre Lake Park features a large catch and release fishing lake surrounded by a walking trail, green grass, and picnic rotundas, so members can enjoy the great outdoors year-round. With acres to run and play, Charlie's Park is a great spot for your pups to exercise and socialize. Named after the iconic dog of dude ranch owner Merv Griffin, the spacious dog park features covered picnic areas, cactus and succulents garden, restroom facilities, a dog wash station, and a playground for the grandkids. Sitting along the Pioneer Trails is Solstice Park, a place for astronomy lovers and those who crave a spiritual connection. The perfect setting to catch a meteor shower or sit in awe of a pink super moon or a sunrise yoga practice on the perfectly manicured meditation lawn. Come on in and explore all of the fun opportunities in store for you at Wickenburg Ranch.

21889 E Saddle Court Queen Creek, AZ 85142

$599,995
3 Beds
2.5 Baths
2,260 SqFt
Status Active
MLS # 6731563
Property Type Single Family Residence
Price Type --
Explore this eye-catching Townsend home, ready for quick move-in! This plan boasts 3 bedrooms, 2.5 baths, formal dining room, 3-car garage, and a welcoming covered porch. There is a private study off the foyer with an open-concept great room with a multi-sliding glass door. The breakfast nook flows into a gourmet kitchen boasting white cabinets, quartz countertops, a center island and a walk-in pantry; The primary suite showcases a generous walk-in closet.

21962 E Stirrup Court Queen Creek, AZ 85142

$599,995
4 Beds
3 Baths
2,570 SqFt
Status Active
MLS # 6706489
Property Type Single Family Residence
Price Type --
This Celeste plan boasts an open layout with a great room, a breakfast nook and a kitchen with a walk-in pantry and a center island. The primary suite is adjacent, and showcases a generous walk-in closet and an attached bath. This home features 4 beds, 3 baths with a private study, wood-look tile throughout, quartz countertops in the kitchen, brushed nickel fixtures, gourmet kitchen and more!

23988 N 171st Lane Surprise, AZ 85387

$599,995
3 Beds
2.5 Baths
2,730 SqFt
Status Active
MLS # 6709402
Property Type Single Family Residence
Price Type --
Welcome to Estates at Asante, a beautiful community with surrounding views to enjoy! This community offers single story homes with floor plans you will love, like our beautiful Julia plan! Once you walk inside the Julia, the extended entry leads to an expansive gourmet kitchen with an extended Quartz center island and 42'' cabinets; a large Butlers Pantry with a wetbar, breakfast nook and great room with multi-slide doors for indoor and outdoor entertaining. In addition, there is a formal dining room with adjacent covered courtyard off to the side of the home accessible by the center meet doors! This home is set up with 3 bedrooms, 2 and half bathrooms, 3 car garage with additional storage. Welcome to the home of your dreams!

35210 N Covelite Way San Tan Valley, AZ 85144

$599,995
4 Beds
2.5 Baths
2,986 SqFt
Status Active
MLS # 6729098
Property Type Single Family Residence
Price Type --
Don't miss out on this mountain view quick move-in home! The open-concept kitchen provides connectivity to the main living area with prime access to the outdoor patio. There are endless possibilities with the generous flex room located on the first floor and the loft on the second floor. Highlights of this home include stone grey cabinets, quartz countertops in the kitchen and bathrooms, Kitchen Aid appliances, an electric fireplace in the great room, and even more. This home is heavily upgraded with all that you would ever want, including mountain views of the San Tan Mountains!

3728 W Antelope Way San Tan Valley, AZ 85144

$599,995
3 Beds
3.5 Baths
2,482 SqFt
Status Active
MLS # 6705342
Property Type Single Family Residence
Price Type --
Don't look any further for your new home! This quick move in home features an attached casita, flex room, and living room expansion on a corner home site. The casual dining area and living room are adjacent to the kitchen and provide an intimate setting. The home is loaded with extras, including tile floors throughout, an upgraded Kitchen Aid appliance package, multi-panel pocket door at the great room, beautiful quartz countertops, slate cabinets, and much more. This home is in close proximity to the fire pit sitting area and butterfly garden amenities. Experience the luxury you've always wanted!

23942 N 171st Drive Surprise, AZ 85387

$599,995
4 Beds
3 Baths
2,630 SqFt
Status Active
MLS # 6645243
Property Type Single Family Residence
Price Type --
Welcome to Estates at Asante , a beautiful community with surrounding views. Look no further as this community offers only single-story homes. Step inside and you'll be greeted by the popular spacious Pomona floor plan. Very airy, open and bright. Perfect for entertaining with he multi slide off the great room and outdoor patio to bring outdoor living inside .Kitchen island awaits the family chef to enjoy the amazing kitchen island and abundance of cabinets. Set up 4 bedrooms, 3 bath, study and 3 car garage. Your dream home is here.

23969 N 171st Lane Surprise, AZ 85387

$599,995
4 Beds
3.5 Baths
2,840 SqFt
Status Active
MLS # 6684307
Property Type Single Family Residence
Price Type --
Welcome to your exquisite new home residence. Darius provides a sophisticated and accommodating ranch-style layout. Popular multi-generational living layout. Talk about curb appeal. Love at first site with the modern upgraded elevation. The inviting front entrance opens up t a very spacious layout. Abundance of much desirable features including spacious great room open to gourmet kitchen complimented by10 ft ceilings and center meet door to open to the covered patio and backyard. Perfect for all gatherings. In addition to a lavish owner's suite—with a roomy walk-in closet and attached double-sink bath—this home includes a second owner's suite with an adjacent living room, perfect for multi-generational living or a flex space that an be utilized best for your desired livability. Jack and jill bathroom off bedroom 2 & 3 . Split

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