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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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!!

9410 W Meadowbrook Avenue Phoenix, AZ 85037

$599,900
4 Beds
4 Baths
2,585 SqFt
Status Active
MLS # 6729781
Property Type Single Family Residence
Price Type --
**Don't miss out on this beautiful single-level home with a certified Energy Star rating of 5!** This newer property boasts delightful curb appeal with an easy-care landscape and a tandem 3-car garage, situated in a gated community. **Step inside to find:** - An inviting hallway leading to a perfectly flowing great room with high ceilings, recessed lighting, and sliding glass doors that open to the backyard. - Gorgeous wood-look porcelain flooring and a neutral palette throughout, creating a warm and modern atmosphere. **Chef's Kitchen:** - Handsome wood cabinets with crown molding - Stainless steel appliances - Pantry and Quartz counters - Stylish tile backsplash - Large island with a breakfast bar, perfect for casual dining and entertaining **Main Retreat:** - Sun-filled room with an immaculate ensuite featuring two vanities, his and hers walk-in closets, a private toilet room, and engineered flooring. **Additional Features:** - Second ensuite with a walk-in closet and private living area, ideal for guest privacy. - Each bedroom has its own dedicated bathroom, ensuring comfort and convenience for all. **Outdoor Living:** - Relax in the vast backyard with a covered patio, pavers, and low-maintenance turf, perfect for outdoor gatherings and relaxation. **Prime Location:** - Minutes away from Westgate, Glendale Stadium, and the soon-to-be-built water parks and hotels, making it an ideal property for Airbnb. **This home is the perfect blend of luxury and convenience. Own the home meant for you!** Come view today!

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.

18150 W Diana Avenue Waddell, AZ 85355

$599,900
6 Beds
4.5 Baths
4,221 SqFt
Status Active
MLS # 6758170
Property Type Single Family Residence
Price Type --
Welcome to this beautifully updated 6-bedroom, 4.5-bathroom home, offering an impressive 4,221 sq. ft. of living space. The spacious floor plan features large bedrooms, multiple living areas, and a welcoming open kitchen. Recently refreshed with new interior paint and brand-new carpeting, this home perfectly blends modern updates with ample space, making it ideal for comfortable living. Nestled in the serene and growing community of Waddell, the property offers peaceful, rural charm while being just a short drive from the conveniences of nearby Surprise and the greater Phoenix area. Waddell also provides easy access to the stunning White Tank Mountains, perfect for outdoor enthusiasts, while offering a slower pace of life for those seeking space and tranquility.

2469 W Sioux Lane Happy Jack, AZ 86024

$599,900
3 Beds
2 Baths
1,478 SqFt
Status Active
MLS # 6757412
Property Type Single Family Residence
Price Type --
Experience the charm of this delightful residential property in the Starlight Pines HOA, where maintained roads ensure easy access year-round. Nestled in the scenic beauty of Rim Country, this 3-bedroom, 2-bathroom home is designed for comfort and convenience. As you enter, you'll be captivated by the beautiful tongue and groove ceilings that add a touch of rustic elegance to the living spaces. Each of the three bedrooms is thoughtfully designed with ample storage, ensuring that all your belongings have their place. The highlight of this property is the extra-large garage, measuring 30x32, with an additional 30x10 loft above, providing extensive storage or workspace options. Custom screen doors add a unique charm and functionality to the home, allowing fresh air to flow through while keeping insects at bay. Step outside onto the beautiful deck, the perfect spot to relax and enjoy the peaceful surroundings. Here, you can witness the majestic elk that frequently visit, offering a unique connection to nature. With its blend of rustic charm and modern amenities, this home in Starlight Pines HOA offers an ideal retreat for those seeking a tranquil lifestyle in the heart of Rim Country. Don't miss out on this opportunityrequest a time today and experience this wonderful property for yourself.

1401 E Fairview Street Chandler, AZ 85225

$599,900
3 Beds
2.5 Baths
2,154 SqFt
Status Active Under Contract
MLS # 6752808
Property Type Single Family Residence
Price Type --
Located in Chandler's desirable Willis Ranch, this 3 bedroom 2.5 bath home is open, bright, updated and has a great floorpan. Primary bedroom is on the main level with ensuite and walk-in large closet. 2 additional bedrooms are located on the second level with a large loft and full bath. White kitchen cabinets with quartz countertops and large island opens to family room and eat-in-kitchen. Step outside to the large backyard with grass, mature landscaping, pool (removable fence) and patio. 3 car garage. Great location close to 202, restaurants and shopping.

17026 W Tasha Drive Surprise, AZ 85388

$599,900
5 Beds
3 Baths
3,484 SqFt
Status Active Under Contract
MLS # 6737988
Property Type Single Family Residence
Price Type --
Look no further! This home has everything for it's new owner. Located in desirable Surprise Farms, just around the corner from largest community park in the area. With nearly 3500 sf of room to expand, there are 5 beds, 3 baths, and a large loft area. A true gourmet kitchen awaits you for all your entertaining needs, which leads into formal dining and right out to your sparkling pool. Large corner lot, and 3 car garage with extra parking allow for all of your toys to stay home and not be stored! Featuring new carpet and paint throughout, and an amazing solar system to drop those bills! Seller is willing to PAY OFF solar with full price offer, and make this the best available home in the area!

2515 W Minton Street Phoenix, AZ 85041

$599,900
4 Beds
3 Baths
2,795 SqFt
Status Active
MLS # 6755439
Property Type Single Family Residence
Price Type --
Up to $10 GRANT OF PNC BANK. Please check if your client qualifies. A fantastic single-level home with four beds and three full baths awaits you! Offering attractive curb appeal, a three-car garage & RV gate/parking. The double-door entrance leads to a charming interior with a w/carpeted living & dining room, luxurious light fixtures, beautiful pillars, archways throughout, & neutral palette. Well-maintained kitchen is equipped w/SS appliances, double refrigerators, cabinetry w/crown molding, granite counters, mosaic backsplash, walk-in pantry, & a center island w/breakfast bar. The main bedroom has a double-door entry and a spotless bathroom w/dual sinks, a separate tub, & walk-in closet. Host fun barbecues in this spacious backyard with a w/covered patio, pavers, & storage shed.

6391 W Firebird Drive Glendale, AZ 85308

$599,900
3 Beds
2.5 Baths
2,153 SqFt
Status Active
MLS # 6758460
Property Type Single Family Residence
Price Type --
Beautifully Remodel Home located Monarch Point of Arrowhead Ranch walking distance to legend springs elementary school and lakes. Home boast open floor plan, RV GATE, and big back yard.

12384 W Hazelwood Street Avondale, AZ 85392

$599,900
8 Beds
4 Baths
3,900 SqFt
Status Active
MLS # 6746885
Property Type Single Family Residence
Price Type --
Welcome to this spacious 8-bedroom, 4-bath home with a 3-car garage, featuring the quality craftsmanship of a DR Horton floor plan. The heart of this home is the enormous kitchen, complete with cherry cabinets, stainless steel appliances, granite countertops, and a large island—perfect for cooking and entertaining. The master suite offers a luxurious retreat with dual vanities, a separate garden tub, shower, and a huge walk-in closet. Step outside to the spectacular private backyard, where a covered patio spans the entire width of the home, ideal for outdoor gatherings. With dual AC units and a desirable North/South exposure, you'll enjoy comfortable indoor temperatures year-round while keeping utility costs low. Don't miss out on this exceptional property!

3554 N Hooper Street Buckeye, AZ 85396

$599,900
4 Beds
3 Baths
2,590 SqFt
Status Active
MLS # 6720288
Property Type Townhouse
Price Type --
Don't miss out on this deal. Buy now before prices go up with the new lower rates. Priced lower than all others in the community for this sqft. This elegant and upgraded 4 bedroom 3 bath home backs up to Hole #4 of Founder's Golf Course. Back gate to access the course whenever you see fit from your relaxing pergola covered back yard with outside fireplace. HOA takes care of the front yard (except court yard), has a community pool a short distance away. Phenomenal mountain views from your back yard and private balcony off of the owners suite, going back inside you will appreciate lots of kitchen cabinet storage and granite counter tops, small office space off the kitchen for those that work from home, cozy fireplace, bedroom or full office downstairs with full bath large laundry room with additional under stair storage, going upstairs is an additional 3 bedrooms and 2 baths, large owners suite and bath with very large walk in closet, tub in owners bath with window looking out over mountains, freshly painted on the interior about 1.5 years ago, large 2 car garage with extra height with dual storage racks, also could make a great winter home lock and leave style, or a vacation home to allow you to escape to Arizona, located in larger community of Verrado which is a very kid and animal friendly oriented community that has tons to do with pools, events on weekends, sidexside parades, firework show and yes of course golf. Come see Verrado and see what it has to offer.

5100 E Rancho Paloma Drive Unit 2038 Cave Creek, AZ 85331

$599,900
2 Beds
2 Baths
1,990 SqFt
Status Active
MLS # 6758162
Property Type Townhouse
Price Type --
Absolutely gorgeous unit in gated community! Bright and open with lots of natural light. North facing patio with breathtaking views from your spacious great room and kitchen! 2 bedrooms plus a den. Upgrades galore. Fabulous kitchen with granite countertops and stainless steel appliances. Beautiful primary bathroom and guest bathroom. Huge walk in closet in primary bedroom. Nice size laundry room. Wonderful location and community.

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