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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17033 E Bobwhite Way Rio Verde, AZ 85263

$599,900

4 Beds

3 Baths

2,446 SqFt

Status Active

MLS # 6717337

Property Type Single Family Residence

Price Type --

Completed, move-in ready. Just off 172nd (paved road).Located minutes from trails, with great hiking & Biking. Lots of riding trails for horses. This beautifully designed Durango Plan offers open Living and Entertaining Spaces with a Functional yet Elevated Layout. The Kitchen features Stainless Steel Appliances, White shaker-style cabinets with Soft Close Drawers and Doors, a nice-sized pantry, and a large Island for extra seating. Electric built in cooktop with separate oven. Jack-N-Jill bedrooms with full bathroom. Tile-planked flooring throughout the home. The primary bedroom boasts a private exit to the back patio, a large closet, dual vanities, and a large easy access enclosed tiled shower. 3 car attached garage. Nice semi-covered front patio area. Tile throughout home. No carpet!

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4430 S Hassett Circle Mesa, AZ 85212

$599,900

4 Beds

2 Baths

2,032 SqFt

Status Active Under Contract

MLS # 6748046

Property Type Single Family Residence

Price Type --

Absolutely stunning home that has been meticulously cared for and loved! This home shows light and bright, with a fresh new coat of paint throughout interior. The exterior was repainted within last few years as well. This floor plan has many flex options, with up to five bedrooms possible. There are currently 3 bedrooms. The 4th (with full closet) is opened up, currently used an office/flex space, which would be easy to frame to builder 4th bedroom option. Entry is extremely open and has a formal living room, easy to add a barn door for office, or additional room. Stunning floor update throughout Master, office, and family room. The kitchen is an entertainer's delight as it is open to the family room and dining area with an XL island for those fun, social gatherings. Nice (See More) Stainless steel appliance package and large pantry! Upgraded exterior elevation with stone siding and front patio, which you could easily add pavers for seating area. Garage has extra overhead storage, which conveys, and is pre-plumbed for soft water loop. New sunscreens, New RV gate, opens to spacious side yard with extra gate added for dog run, recent $2500 upgrade. The backyard is enormous and truly an entertainer's delight, with pavers throughout, showcasing the stunning pool and spa! AC, Pool/ spa just inspected, with clean bill of health, and new pool filter pump in 2022. Too many upgrades to list a must see! Hurry this one will not last!

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9710 W Campana Drive Sun City, AZ 85351

$599,900

3 Beds

3 Baths

1,832 SqFt

Status Active

MLS # 6717251

Property Type Single Family Residence

Price Type --

Presenting a well maintained 3-bedroom residence complemented by an expansive Arizona Room, this property boasts refined additions and enhancements. Nestled in a Cul De Sac, The residence encompasses a total area of 1832 square feet plus An expansive addition completed in 2018 supplements the property with an additional 1169 square feet, offering versatile parking spaces. The property is thoughtfully outfitted with triple pane windows, ensuring superior insulation against both sound and heat. Noteworthy recent upgrades include a new AC unit installed in 2021, along with a water heater of the same year. The oven and stove top were replaced in 2019. Maintenance and improvements extend to the infrastructure, with sewer lines and clean outs updated during the 2017 addition. The exterior features a freshly painted back wall, benefiting from a five-year warranty, with two years remaining. . The roof was replaced in 2018, with insurance coverage through AAA. To accommodate discerning buyers, seller financing terms may be considered.

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3006 W Joy Ranch Road Phoenix, AZ 85086

$599,900

4 Beds

2.5 Baths

2,112 SqFt

Status Active Under Contract

MLS # 6738265

Property Type Manufactured Home

Price Type --

Feel the freedom in OPEN SPACES with LOW TAXES and NO HOA in Desert Hills, north of Carefree Hwy E of I-17. On 1.363 acres of HORSE PROPERTY, 360º mountain vistas full of million-dollar custom homes. Secluded, but near shopping, restaurants, Phoenix, and the new TSMC chip factory. Property includes 4-CAR PARKING / PARTY PAVILION, entertainment patio, ON-SITE WELL W/ NEW PUMP, PRIVATE SEPTIC system, HAY BARN, shade covers in turnout, and TACK ROOM / WASH STATION / INDOOR STALL. Power, hose bibs and lights throughout the property. Home is FULLY REMODELED with designer touches inside and out. NEW DUAL PANE LOW-E WINDOWS, NEW ROOF, fresh paint, new appliances, and all new cabinetry, QUARTZ COUNTERS. Crown molding, stylish new tile and fixtures throughout. Priced to sell. Great opportunity!

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16420 N Thompson Peak Parkway Unit 1127 Scottsdale, AZ 85260

$599,900

2 Beds

2.5 Baths

1,640 SqFt

Status Active

MLS # 6716181

Property Type Townhouse

Price Type --

This super clean and well maintained townhome has never been on the market until now. Updated w/new paint & carpet this Cachet Legacy floorpan is one of there most popular as it has soaring ceilings w/office/bedroom down and master plus a second bed/bath up. Nice sized kitchen family room w/gas fireplace and only one common wall so very private and feels like a detached unit. Add to this a direct entry 2 car garage and an unbeatable location in McDowell Mountain Ranch within walking distance to the Big, Bashas, CVS, etc. McDowell Mountain features parks, walking trails, a great community center w/tennis, pickle ball, basketball, and pool. Cachet features its own community pool/spa plus a small workout center & clubhouse. This unit has been well maintained & iis priced to sell quickly.

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4062 W Kiowa Circle Happy Jack, AZ 86024

$599,900

3 Beds

2 Baths

1,804 SqFt

Status Active

MLS # 6736859

Property Type Single Family Residence

Price Type --

This beautiful residential property in Happy Jack, AZ BACKS UP TO THE NATIONAL FOREST. The view from your back covered deck is spectacular, overlooking the lush forest with no neighbors in sight. Surrounded by majestic pines and abundant trees, this 1.05-acre paradise offers privacy and tranquility. Located in the Starlight Pines HOA with maintained roads, the home features a master suite on the main floor, an open floor plan, 3 bedrooms, and 2 baths. The great room includes a cozy stone fireplace, perfect for relaxing evenings. The kitchen boasts an island with additional storage cabinet space and seating for extra guests. The bedrooms offer extra space for guests, ensuring comfort for everyone. Oversized 2 car garage with custom cable lift. Plenty of trails for exploration all around and a perfect retreat for outdoor enthusiasts. Subject includes central air HVAC system. Situated in the beautiful Rim Country, this property offers a scenic escape from the hustle and bustle of city life.

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1618 E Greenway Street Mesa, AZ 85203

$599,900

3 Beds

2 Baths

2,326 SqFt

Status Active

MLS # 6741820

Property Type Single Family Residence

Price Type --

This stunning home features a complete remodel with raised ceilings, newer wood-look tile flooring, and an open floor plan. NO HOA. The home boasts two fireplaces, adding warmth and charm. The kitchen offers a timeless and clean look with white cabinets and butcher block countertops, while a custom kitchen island adds valuable counter space and storage. Recent upgrades include a new roof, HVAC duct work, and new windows, ensuring comfort and energy efficiency. New driveways and walkways enhance curb appeal and accessibility. An additional driveway with an RV gate provides easy access to the huge backyard, perfect for recreational vehicles or additional parking. This opens up possibilities for outdoor activities. With a sparkling pool and a new oversized custom pergola.

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7655 W Tierra Buena Lane Peoria, AZ 85382

$599,900

4 Beds

2 Baths

2,157 SqFt

Status Active

MLS # 6753827

Property Type Single Family Residence

Price Type --

Welcome to your dream home where indoor and outdoor living blend seamlessly! This move-in-ready gem is designed for those who value comfort, style, and the perfect space for entertaining. Step into the open-concept living and dining areas that flow effortlessly into a stunning kitchen featuring granite countertops, stainless steel appliances, white cabinetry, and a stacked stone breakfast bar. Whether you're hosting a dinner party or enjoying a quiet meal, this space is both functional and inviting. The highlight of this home is the incredible backyard oasis. A lagoon-style pool, cozy firepit, manicured lawn, and fully equipped outdoor kitchen set the stage for endless outdoor enjoyment. The large covered patio, makes outdoor lounging and dining a breeze. It's the perfect setup for hosting gatherings or relaxing in style, offering a seamless transition between indoor comfort and outdoor luxury. The primary suite offers a private retreat with a walk-in closet, direct backyard access, and an en suite bath featuring dual sinks, a separate soaking tub, and a shower under a skylight. The additional oversized bedrooms provide ample space for whatever you needguests, hobbies, or a home office. With a 4-car tandem garage featuring built-in storage, a new RV gate, and an 80ft RV driveway with a 30-amp hookup, there's plenty of space for all your toys and adventures. Plus, NO HOA means you have the freedom to enjoy the space however you like. Designed for those who appreciate the art of indoor-outdoor living, this home offers the perfect setting for relaxation, entertainment, and everything in between.

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570 S Mountain Pines Avenue Show Low, AZ 85901

$599,900

3 Beds

2 Baths

2,019 SqFt

Status Active

MLS # 6750195

Property Type Single Family Residence

Price Type --

Welcome to your dream home, a stunning modern industrial farmhouse nestled in the heart of town. Built with meticulous attention to detail, this home is turn-key ready, partially furnished, and brimming with high-end features. As you step inside, you'll be greeted by an open-concept living space where modern design meets rustic charm. A blend of wood & metal finishes create a chic yet cozy atmosphere. Natural light pours in through large windows, highlighting the beautiful details throughout the home. This exceptional 3-bed, 2-bath residence offers a kitchen featuring sleek black stainless steel appliances, granite countertops, and custom cabinetry with under-cabinet lighting that adds a touch of elegance. This home boasts not one, but two luxurious primary bathrooms, each exquisitely designed with high-end finishes and under cabinet lighting. Dual vanities in both, a custom walk-in shower in one and a soaking tub and shower in the other that provides a spa-like experience right at home. The spacious 2-car garage offers ample room for your vehicles and storage needs, with easy access to the house for added convenience. Outside, you'll find an oversized wrap-around deck featuring low maintenance TREX decking. Covered for year-round enjoyment, this space is ideal for barbecues and outdoor dining. Additional features include energy-efficient windows, 8 foot doors, a central heating and cooling system, vaulted and 10 foot high ceilings with recessed lighting, custom window treatments, and Pergo floors in all the right places. Situated in a prime in-town location, this home offers the best of both worlds, a peaceful retreat with the convenience of nearby shops, restaurants, and schools. Commuting is easy with quick access to major roads. Don't miss the opportunity to make this stunning home yours. Experience the perfect combination of modern luxury and rustic charm in a prime location.

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17410 N Crystal Brook Place Munds Park, AZ 86017

$599,900

4 Beds

2.5 Baths

2,040 SqFt

Status Active

MLS # 6733731

Property Type Single Family Residence

Price Type --

Wow! This 5 bedroom or 4+ game room sleeps 12-15 and is located at the top of a quiet and peaceful cul-de-sac! The main floor offers 2 bedrooms and a large great room with big picture windows overlooking the expansive summer deck! Upstairs features two bedrooms and a large game/bunk room with elevated vaulted ceilings and half bathroom! Hard to find oversized two car garage with mud room and storage! Tongue and groove wood walls and ceilings crafted to represent the authentic cabin style nestled among the high country! This Munds Park Hideaway checks ALL the boxes!!! Pinewood Country Club memberships available. Full Golf membership, social membership, or Sports membership available separately. Owner/Agent

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8747 N 185th Avenue Waddell, AZ 85355

$599,900

4 Beds

2.5 Baths

2,480 SqFt

Status Active

MLS # 6747196

Property Type Single Family Residence

Price Type --

Do not miss this one of a kind home! This home is immaculate and features 4 bedrooms PLUS a den, 2.5 bathrooms, upgrades galore and sitting on a 1/3 acre lot with an RV gate. The kitchen is an entertainers dream, with large island, farmhouse sink, gas stovetop and all SS appliances. Every window has beautiful custom plantation shutters. The garage is also extended to 24'. The primary bedroom is a retreat and the primary bathroom features huge custom tiled shower, his and her vanity/sinks, private toilet room and a large walk in closet. You will not be disappointed!!

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1521 W Garfield Street Phoenix, AZ 85007

$599,900

2 Beds

2.5 Baths

2,059 SqFt

Status Active

MLS # 6716799

Property Type Single Family Residence

Price Type --

Amazing 2 bed, 2.5 bath home updated & reimagined by one of the members of its original family! Step inside & enjoy a formal entry, opening to an expansive greatroom. There's a spacious kitchen with 5 burner gas range, upgraded ''shaker'' cabinetry, gorgeous granite counters, stainless steel appliances, and elegant tiled backsplash. It's a fantastic place to gather & entertain! The ground floor also has an owner's suite w/ tiled shower, powder room & large office/utility room. The upstairs was designed as an additional owner's suite, complete with its own ensuite & balcony but is large enough to enclose a additional bedroom. The home has also been updated with a reinforced foundation, newer roof & HVAC (mini-splits). Centrally located & perfect as a SFD or multi-generational home.

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