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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1018 N 25th Street Phoenix, AZ 85008

$599,000

5 Beds

3 Baths

2,287 SqFt

Status Active

MLS # 6665438

Property Type Single Family Residence

Price Type --

Hard to find New Construction Home in 85008. 5 Bedroom 3 Bath with 2 car garage. 10 foot ceilings. Quartz Counters, Shaker Style Cabinets. New Stainless appliances. Could be Flex Home, as room for second kitchen with bonus room in back. Huge walk in shower in Master. Dramatic front Iron Gate Door. Drive way is gated and both side gates match. Back yard is large enough for a pool. Hard to get quality new construction in this area so close to Downtown Phoenix, Freeway access, Roosevelt District, Hospital walking distance. Close to new Valley Wise Hospital Wing just opened. Nice eclectic mix of older homes and newer builds, Beautiful paver walkway and front patio. Extended 2 car garage. NEW NEW NEW, Tired of looking at old homes with deferred maintenance. Zoned R-3 Multi Family

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415 W Monterosa Street Phoenix, AZ 85013

$599,000

3 Beds

3 Baths

1,380 SqFt

Status Active

MLS # 6732264

Property Type Single Family Residence

Price Type --

REMODELED! Great opportunity for this beautiful home that's had a HUGE makeover including plumbing, electrical, roof and hvac. Be prepared to fall in love with the classy, modern colors and big backyard with artificial turf. The paved sitting area is perfect for outdoor dining or lounging. There's even a 300 sq ft casita with it's own entrance.! You can make it your primary home, or income property, but don't wait to make it your own! Located in the heart of Phoenix surrounded by schools, parks and amazing restaurants and shopping.

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20801 N 90th Place Unit 170 Scottsdale, AZ 85255

$599,000

3 Beds

2 Baths

1,576 SqFt

Status Active Under Contract

MLS # 6740530

Property Type Townhouse

Price Type --

**Best Value in Dc Ranch** NEWLY UPDATED & FABULOUS LOCATION in the heart of DC RANCH! Looking for a turn key home...THIS IS IT! NEW PAINT, NEW FIXTURES, NEW FURNITURE + more! Steps from Market Street & all the amenities Dc Ranch offers like GOLF, Tennis, Pickleball, Pools, Exercise facility, Hiking trails...fabulous Restaurants, Shopping, Medical / Pet / Dental + so much more! From the moment you enter, you will feel the Warmth and Comfort of this home. The soothing color palette envelopes you as you walk thruout the home. A true Entertainer's delight! (click on more to continue) Inviting Family & Friends is definitely a MUST! Calling all Chef's to enjoy the beautiful Gourmet Kitchen with ample granite counter space, along with island & private dining. Relax in your Master retreat with soaring ceilings, lovely views of the outdoors, boasting an incredible spa inspired bath and large walk in closet. Great spacious Guest rooms, an interior laundry with full size side by side machines and wonderful outdoor patios complete this home. Not a detail was overlooked. *Added Bonus* Furnishings are available with the purchase! Pack your toothbrush and your bags. Your Search is over...You have found your Dream Retreat in Sunny Scottsdale!

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5209 E Virginia Avenue Phoenix, AZ 85008

$599,000

5 Beds

2 Baths

1,856 SqFt

Status Active Under Contract

MLS # 6738511

Property Type Single Family Residence

Price Type --

This neighborhood is one of the best kept secrets in Phoenix and the amazing home is centrally located on a 10,000 sq ft lot. The neighborhood borders both Arcadia and South Scottsdale giving you access to the area's best restaurants, shopping and amenities. When you step into this beautiful property you will truly feel at home. This home has a split flood plan with the primary bedroom and an additional bedroom to the left and 3 additional bedrooms and guest bathroom to the right. The primary bedroom is oversized with 2 closets and a full size bathroom with duel sinks. The dining room has French doors that lead you to your beautiful backyard with mature trees, tons of grass and a beautiful pergola for entertaining.

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3225 N 163rd Drive Goodyear, AZ 85395

Open House

$599,000

2 Beds

2.5 Baths

1,881 SqFt

Status Active

MLS # 6755042

Property Type Single Family Residence

Price Type --

This beautifully appointed extended Luna model by Robson is located on the Tuscany side of the award-winning golf resort community of PebbleCreek and is Turn-Key (Fully Furnished) and Move-in ready! From the moment you drive up, you'll notice beautiful professional landscaping and desirable property features with designer touches and upgrades throughout the home. This property features an Open Floor Plan, Split Bedrooms, En Suite Guest Room, and a separate Powder Room. The Den has double doors and is large enough to be a third bedroom. The Primary Bedroom has been expanded and features bay windows. The Kitchen has an expanded breakfast nook with bay windows, beautiful granite countertops, roll-out shelving, and stainless-steel appliances, including ... a gas range and a new 2023 refrigerator. There is upgraded cabinetry throughout the home. Other special features include a spacious Laundry Room, Elite Green Salt-less Water System, an expanded Garage offering extra length and height, plus a Golf cart garage! New Interior Paint 9/24, New A/C installed 9/2023, and New Exterior Paint in 2022. Pigeon Proofing is already in place. The expanded patio with coated concrete offers a large built-in BBQ Island and Gas Fire Pit. Professional Landscaping completes the inviting outdoor living space. Open space maintained by the HOA and Cul de sac creates privacy. Enjoy a 5-minute walk to the Tuscany Falls Clubhouse, Pool, and Fitness Center. The home is also close to the central and north Pickleball Courts so there's no need to wait any longer, start enjoying the active golf resort lifestyle now! (Property comes fully furnished except for some staging decor items.) Please see the document section for a full list of upgrades and the floor plan.

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17207 N 36th Street Phoenix, AZ 85032

Open House

$599,000

4 Beds

3 Baths

1,845 SqFt

Status Active

MLS # 6722409

Property Type Single Family Residence

Price Type --

Fully renovated, this charming 4BR / 3BA home is ideally situated near restaurants, shopping, dining, public transportation, with easy access to freeways. Recently remodeled, it features a spacious floor plan perfect for modern living. Neutral color scheme throughout featuring durable tile flooring, providing a versatile space for any decor. The kitchen is equipped with quartz countertops, new cabinets and windows plus a convenient pantry. The oversized primary bedroom offers direct backyard access, a private bathroom, and walk-in closet. Outside, the backyard includes a covered patio, storage shed, and plenty of space to create your own oasis. No HOA!

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15946 W Electra Lane Surprise, AZ 85387

$598,999

4 Beds

3 Baths

2,515 SqFt

Status Active

MLS # 6728117

Property Type Single Family Residence

Price Type --

New home ready for immediate occupancy! This single level 4br, plus den, 3. BA home is located on a north south facing home site. Surrounded by single level homes, no 2 stories. Exciting included features include upgraded cabinets, quartz kitchen tops, tile Kitchen backsplash, plank tile on the floors, 10' ceilings, 8' interior doors, gourmet kitchen, garage service door, tank less water heater, Front yard landscape with turf, Plus so much more. Neighborhood also includes, tree lined streets, Certified Energy Star and Indoor Air Plus for more energy savings. More...

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5679 N Bornite Way Casa Grande, AZ 85194

$598,998

3 Beds

2.5 Baths

2,505 SqFt

Status Active

MLS # 6721752

Property Type Single Family Residence

Price Type --

2024 Brand new Single level, located on 1 Acre lot in an excellent location just a couple of minutes from I-10. This beautiful plan is a semi-custom 3/4 bedroom 2.5 bath home. Spacious floor plan with high ceilings, kitchen with rich Quartz counter tops, stainless steel appliances, white cabinetry, beautiful tile flooring, carpeted bedrooms 4-car garage, fully fenced block walls with RV Gate, concrete driveway, covered patio, Blown in foam insulation. Block fencing with 1 RV Gate & HOA allows RV's, Boats and Toys!!!

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8303 E Palm Lane Mesa, AZ 85207

$598,990

4 Beds

3 Baths

2,549 SqFt

Status Active

MLS # 6747483

Property Type Single Family Residence

Price Type --

A collection of brand-new single-family homes located in the master-planned community in Mesa, AZ. The community feeds into the highly rated Gilbert Public School District, making this an ideal place for growing households. There are many onsite amenities at the masterplan everyone will enjoy, including a swimming pool, basketball court, pickleball court, playground and picnic area. Commuters have easy access to Loop 202 and Phoenix-Mesa Gateway Airport for travel accommodations. This beautiful home features our platinum package including Sonoma Maple Linen cabinets and Quartz countertops. Super luxury 8 x 36 plank tile flooring.

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16214 W Questa Drive Surprise, AZ 85387

$598,900

3 Beds

2.5 Baths

2,357 SqFt

Status Active

MLS # 6708544

Property Type Single Family Residence

Price Type --

Welcome to Sonoma Coast at Esca;lante! New construction TO BE BUILT! This single level 2357 SF single level 3 BR with den, 2.5 BA home is for the garage guy! 5 1/2 tandem car garage on a larger 8,840 S.F. lot!!. This home can easily be expanded to 5 bedrooms 3 baths. Surrounded by all single level homes. Exciting included features include - 10' ceilings, 8' doors, granite tops in the kitchen, tank less water heater, front yard landscape package. Large kitchen Island with Prep Area. paver driveway, 2'' faux blinds on all windows, ceiling fans in all room,EV outlet in garage, Indoor air plus and Energy Star Qualified. This home is to be built! Floorplan under doc tab.

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24422 N 162nd Lane Surprise, AZ 85387

$598,900

5 Beds

3 Baths

2,395 SqFt

Status Active

MLS # 6743920

Property Type Single Family Residence

Price Type --

ANOTHER Huge Price Correction!! Very motivated seller!! New home ready for immediate occupancy! This single level 2395 SF single level 5 BR, 3 full bath home is located on an oversize 9,372 S.F. home site. Exciting included features upgraded cabinets w/42'' uppers, upgraded Quartz Kitchen tops, tile Kitchen backsplash, plank tile on the floors, 10' ceilings, 8' interior doors, 3.5 front load garage, with 8' drive (RV) side gate, gourmet kitchen, garage service door, tank less water heater, front yard landscape credit, and so much more. Neighborhood also includes, tree lined streets, Certified Energy Star and Indoor Air Plus for more energy savings. More... 5 Star Resort Style Amenities include, hiking trails, Aquatic Center, 8 select parks, Picnic Ramada's, Basketball, 3 Pickle Ball courts, bocce ball courts, 18 hole disc golf course, and a Zip Line for the kiddos! This home is Energy Star and Indoor Air Plus qualified. Includes full Builder Warranties plus so much More..

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1308 W Macaw Court Queen Creek, AZ 85142

$598,890

3 Beds

2.5 Baths

2,531 SqFt

Status Active

MLS # 6750328

Property Type Single Family Residence

Price Type --

Ready September!! Near all the amenities and park area. 3 Bedrooms 2.5 bath plus loft, Beautiful cabinets with granite Counter tops, wood look tile and two-tone paint throughout!! Great sized backyard with covered patio to enjoy. Just steps away from all the amazing Amenities North Creek has to offer.

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