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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51123 N 297th Avenue Wickenburg, AZ 85390

$599,000

3 Beds

2 Baths

1,458 SqFt

Status Active

MLS # 6681768

Property Type Manufactured Home

Price Type --

Front porch sittin at its finest with wonderful mountain views overlooking your entire 3+ acre parcel. Beautiful home with both rustic and modern touches. Enjoy a split master bedroom with a beautiful en-suite with a large garden tub and separate shower. Wood look vinyl plank floors throughout the home for easy cleanup and a great look. The large detached barn and garage gives you more options for animals as well as a great storage and parking facility. The horse setup includes 7 covered stalls with a turnout and an arena (140' X 250') equipped with a steer pen and round pen. Home and property are move-in ready and waiting for your enjoyment! Ride out from this property all the way to Box Canyon to work your horses as needed!

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3487 W Red Bird Court Tucson, AZ 85745

$599,000

4 Beds

2 Baths

2,017 SqFt

Status Active

MLS # 6714720

Property Type Single Family Residence

Price Type --

Experience unparalleled desert luxury in this exquisite 4-bedroom, 2-bathroom oasis, nestled in the serene foothills of Tucson's coveted Quail Ridge at Starr Pass. Surrounded by the opulent JW Marriott Starr Pass Resort, this home combines Southwestern charm with modern elegance, offering the ultimate desert retreat. The open-concept design boasts a spacious living room with soaring ceilings and a cozy fireplace, perfect for both relaxing and entertaining. The chef's kitchen features granite countertops, a ceiling-height backsplash, GE Café stainless steel appliances, and a top-of-the-line Viking range. The master suite is a sanctuary with a walk-in closet and a lavish ensuite bathroom, complete with dual sinks, a soaking tub, and a separate shower. Enjoy year-round comfort with a whole-house soft water system and reverse osmosis water filtration. The family room, with its stunning Pinon Stone fireplace, adds a touch of warmth and elegance. Step outside to your private backyard paradise, featuring a covered patio, built-in BBQ, and an electric extending patio shade to keep you cool while joying the patio. Revel in breathtaking views of the Tucson Mountains and mesmerizing desert sunsets. Exterior roll-down shutters provide added security and energy efficiency. This home also includes a two-car garage, a dedicated laundry room, and energy-efficient features throughout. Conveniently located near shopping, dining, schools, and recreational areas, with easy access to I-10. Embrace the Tucson lifestyle in this stunning desert haven schedule your viewing today and make this dream home yours!

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1681 E Grand Ridge Road Queen Creek, AZ 85140

$599,000

3 Beds

2.5 Baths

2,579 SqFt

Status Active

MLS # 6725715

Property Type Single Family Residence

Price Type --

Welcome to Encanterra Country Club, where your dream home and lifestyle await. This Tarragona Model stands out as one of the most sought-after designs, featuring a spacious open floorplan. Highlights include an oversized family room, 2 expansive bedrooms, 2.5 baths, and a Chef's Kitchen with dual islands and granite countertops. Additionally, a versatile den offers potential as a third bedroom. Two separate patios enhance the appeal of this North/South facing homesite. The Primary suite is generously sized and includes a luxurious bathroom with tiled shower and granite counters. Discover a unique ''Secret Room'' offering flexible usage options. This homes also offer a Solar System for top of the line energy efficiency. Discover the Good Life at Encanterra today and book your tour!

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1888 W Dion Drive Phoenix, AZ 85086

$599,000

3 Beds

2 Baths

2,080 SqFt

Status Active

MLS # 6741209

Property Type Single Family Residence

Price Type --

Your patience is about to pay off! This beautiful, meticulously maintained Telluride perched on a private, elevated, golf-course lot has long-range views of mountains in every direction. Lowered view-fence provides unobstructed sunrise vistas that truly ease the soul. EZ-care turf & landscape. Tastefully updated: New appliances include induction stove sure to improve your cooking experience. Extended solid wood cabinets, some with textured glass fronts. Slab granite counters + backsplash. Plantation shutters and new blinds. Contemporary frosted-glass barn door to walk-in closet. Updated light fixtures + fans. Office w/ glass French doors could be 3rd bedroom. Extended garage with EV CHARGING OUTLET. Fully enclosed, shady front patio extends outdoor living. Move in now! Features List: EXTERIOR Elevated lot with east-facing backyard View-fence dropped to 26 for unobstructed views Soul-soothing vistas in all directions Fully enclosed front courtyard, spacious & shaded Side gate has electronic access Easy-care landscape Artificial turf in backyard New sculptural fan on covered patio (2024)

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3133 E Bellerive Drive Chandler, AZ 85249

$599,000

3 Beds

2 Baths

2,170 SqFt

Status Active Under Contract

MLS # 6743867

Property Type Single Family Residence

Price Type --

Welcome to this stunning home in the highly desirable Springfield Lake community in Chandler! This meticulously maintained residence offers a perfect blend of elegance and modern updates. Step inside to soaring 10 ft ceilings and an open floor plan, showcasing a beautifully remodeled kitchen with granite countertops, an expansive island, and stainless steel appliances—perfect for entertaining and daily living.The master suite has been thoughtfully updated, featuring wood-look tile flooring, dual granite vanities, a luxurious glass block shower, and a spacious walk-in closet. The second bathroom also boasts dual vanities and granite finishes. A versatile den can easily serve as a 4th bedroom or a home office backyard is a true highlight, featuring 2 Key Lime Trees, a sparkling pool with a cascading waterfall, which can be heated using the home's owned solar panels. An oversized custom sliding door opens to this serene outdoor space, seamlessly blending indoor and outdoor living. The backyard is also equipped with an RV gate for added convenience. Recent updates include an A/C unit, shutters, thermostat, pool pump, hot water heater, window screens, painted interior and exterior, garbage disposal, baseboards, surround sound (speakers throughout), recessed lighting, LVP flooring, carpet, brushed nickle kitchen faucet,light fixtures, ceiling fans, stainless steel kitchen sink, and a surge protector. The home also boasts epoxy garage floors, and an alarm system. Enjoy the exceptional amenities of Springfield Lake, including a community pool, playground, lake, golf course, and more. This home is truly move-in ready and showcases pride of ownership at every turn. Don't miss out on this beautiful gem!

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23030 E Estrella Road Queen Creek, AZ 85142

$599,000

3 Beds

2 Baths

2,032 SqFt

Status Active

MLS # 6703524

Property Type Single Family Residence

Price Type --

Former Model Home! This highly upgraded and lightly lived-in home is ready for you to enjoy. Get all the perks of a professionally designed home. Upgrades include: gourmet kitchen option with quartz countertops, tile backsplash, built-in cooktop and top-level appliances, expanded laundry room, luxury vinyl flooring in the entry way, flex room, kitchen and great room, tile floors in the laundry room and both bathrooms, quartz countertops and premium fixtures in both bathrooms, spa-like, walk-in shower that's fully tiled in the primary bathroom, upgraded carpet in all bedrooms, numerous designer elements throughout the home, and a professionally landscaped backyard complete with a custom water feature, travertine on the patio and sitting area, bistro lights, and even a hot tub!

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3225 Heart Prairie Lane Chino Valley, AZ 86323

$599,000

3 Beds

2 Baths

2,118 SqFt

Status Active

MLS # 6702473

Property Type Single Family Residence

Price Type --

Ready for this Charming Ranchette to be all Yours? 4+ acres usable land, fully fenced, strong well, lawn area and vegetable garden. Amazing Endless VIEWS! Beautifully upgraded bathrooms & kitchen w/granite counters & stainless steel appliances & large pantry. ASK FOR UPGRADES LIST! Meticulously maintained throughout! New roof in 2020, New energy efficient windows & sliders 2021. You'll LOVE the upstairs spacious, private owner's suite w/ separate tub/shower, double vanity, large walk in closet, fireplace and a stunning VIEW deck! Main level includes 2 bedrooms, ¾ bath, bright & cheerful great room w/ vaulted ceiling & fireplace, office, a multi-purpose bonus room, laundry room & Oversized 2 car garage. Plenty of room for your hobbies, toys & pets!

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656 Filaree Drive Prescott, AZ 86301

$599,000

3 Beds

3 Baths

2,431 SqFt

Status Active

MLS # 6739354

Property Type Single Family Residence

Price Type --

This 2,431-square-foot, 3-level home in Yavapai Hills offers stunning views and is situated in one of the most desirable areas in Prescott. **NEW ROOF just installed in August 2024** With thoughtful remodeling, this property can become your ideal home. It features 3 bedrooms, 3 bathrooms, a Loft, and a spacious great room with a gas fireplace, dining room, and large kitchen area for entertaining. You can enjoy nature from the multiple decks in a neighborhood known for its activities. The community offers plenty of walking and hiking paths, a clubhouse, tennis court, and a refreshing pool and spa. There's ample shopping nearby with stores like Sprouts, Trader Joe's, and Einstein's Bagels. And, it's less than a 15-minute drive to Historic Downtown Prescott and Whiskey Row.

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5254 Starlight Drive Happy Jack, AZ 86024

$599,000

3 Beds

2 Baths

2,098 SqFt

Status Active

MLS # 6747257

Property Type Single Family Residence

Price Type --

Escape to your own serene retreat with this stunning 3-bedroom, 2-bathroom cabin nestled in the heart of the forest. Situated on almost an acre of lush, wooded land, this home offers the perfect blend of rustic charm and modern comfort. Perfect for family or guests, each room offers warmth and comfort with beautiful wooden accents. Enjoy updated amenities while maintaining the cabin's rustic appeal. Open floor plan with large windows that bring the beauty of the outdoors inside. Whether you're looking for a weekend getaway or a full-time residence, this cabin offers the perfect setting to unwind and connect with nature. Don't miss out on this rare opportunity to own a piece of paradise!

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18026 W Thunderhill Place Goodyear, AZ 85338

$599,000

3 Beds

2.5 Baths

2,310 SqFt

Status Active

MLS # 6717097

Property Type Single Family Residence

Price Type --

Open living concept home with 20'' Diagonal Tile, Wood Floors. Updated bathrooms. Private pool. Great room floor plan with gourmet island kitchen includes double ovens, breakfast bar, granite counter tops and stainless steel appliances, NEW stove & dishwasher. Plus a breakfast nook/dining bay. Large private master suite. Private double door office. Powder room. Additional Flex Room can be used as Formal Dining or used as you need! 8 ft doors and soaring ceilings add semi-custom feel to this home...ALL the right upgrades, you will love this home. 3 car garage- water heater & water softener are also NEW. Estrella Mountain Ranch boasts lakes and golf courses, hiking and biking trails, 2 recreation/community centers, work out facilities, swimming pools, community activities, and more..

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16780 W Cocopah Street Goodyear, AZ 85338

$599,000

4 Beds

3 Baths

3,121 SqFt

Status Active

MLS # 6722004

Property Type Single Family Residence

Price Type --

Single owner 4 bedroom home in Canyon Trails awaits you. Sitting on a North South lot with 3 car garage, double RV gate, artificial turf with a stunning private backyard oasis play pool complete with lighting,waterfall and leaping jets of water for the greatest pool time ever. The outdoor kitchen boasts a bbq, a griddle,a refrigerator and sink with tile counters. The complete home just repainted and refreshed from top to bottom. Tile and laminate flooring throughout both downstairs and upstairs. The large family entertainment area upstairs just off of the 3 bedrooms awaits you. Owners suite is expansive with large walk in his and hers closet and seperate soaking tub and walk in shower. This home does not dissapoint. Bring the family for a look and make it yours today.

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2907 S Elm Street Tempe, AZ 85282

$599,000

4 Beds

3 Baths

1,863 SqFt

Status Active

MLS # 6738692

Property Type Single Family Residence

Price Type --

Two Ensuite Bedrooms can be found in this 4BR/3Bath/2CG house, which was completely remodeled within the outside shell of the original structure and a room addition was added. Included in the remodeling was the addition of a master bedroom/bathroom, increasing the kitchen size with pantry, extending the family room, connectivity to the laundry room & a new 2 car garage. Within the original shell and room addition, the following were replaced: wall studs & drywall, water & sewer line, electrical wiring and AC ductwork & vents. The sewer service to & in the alley was replaced as well. This home is well worth a look! Follow the new flooring to a bright, open kitchen with beautiful raised panel cabinets, recessed lighting, breakfast bar & walk-in pantry. The private back yard feels like home!

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