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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6971 W Heritage Way Florence, AZ 85132

$598,700
2 Beds
2 Baths
2,324 SqFt
Status Active Under Contract
MLS # 6709867
Property Type Single Family Residence
Price Type --
RESORT STYLE LIVING... w/ your own pool & spa on the 16th fairway of POSTON BUTTE golf course! Enter the spacious courtyard & into your dreams. Chef Lux kitchen offers an elegant island, stainless appliances, double ovens, above & under cabinet lighting, R/O, tile backsplash & granite countertops. Owner's suite comes w/ slider to the patio & overlooks the SPARKLING POOL & WATERFALL. Relax on the ext patio w/ sunshades & lush landscaping. Living area features a built-in entertainment center, water feature & surround sound. Room for guests w/ a Murphy bed/built-in desk in the den. 3 car garage leaves room for toys! Home is offered as turnkey/furnished for no additional cost! ENJOY all Sun City offers w/ outdoor/indoor pools &spas, full gym & Poston Butte golf course!! Golf cart for $6,000!

8102 W Autumn Vista Way Florence, AZ 85132

$598,500
2 Beds
2.5 Baths
2,561 SqFt
Status Active
MLS # 6725510
Property Type Single Family Residence
Price Type --
LIVING YOUR BEST LIFE in this expansive, beautifully designed home! Loaded w/upgrades & open floor plan, this classy Endeavor is thoughtfully designed from the inside out. Stunning curb appeal w/ 3-car garage, paver driveway & courtyard. Inside brings elegance & comfort w/ 10' ceilings, eng. wood floors, designer tile, plantation shutters & spacious great room. The gourmet Chef's kitchen featuring granite counters, tile backsplash, stainless appliances, gas cooktop, double ovens, soft close drawers, pull-outs & walk-in pantry...plus an AMAZING WET BAR! Pretty primary suite w/ soaker tub, glass shower, dual vanities & walk-in closet. Beautiful den/office w/glass French doors. Amazing covered travertine patio w/fireplace, pergola, electric screen, putting green & MORE!! Retire in style!!

8928 W Kimberly Way Peoria, AZ 85382

$598,500
3 Beds
2.5 Baths
2,338 SqFt
Status Active
MLS # 6745138
Property Type Single Family Residence
Price Type --
Fabulous home in prestigious Westbrook Village! Kitchen has been upgraded with high-end white cabinets and countertops. Home features three large bedrooms plus large den/hobby room off the kitchen. Large three car garage with plenty of storage too. Rare extra half bath also. Private, fenced yard with lovely patio. North/south exposure. Enjoy this beautiful home and the lifestyle of Westbrook Village which features 2 PGA championship golf courses, workout facility, tennis, pickle ball, card clubs, pools and so much more!

9919 E Radioactive Drive Mesa, AZ 85212

$598,500
3 Beds
3 Baths
2,115 SqFt
Status Active
MLS # 6655238
Property Type Single Family Residence
Price Type --
Major Price Reduction! Better than New! 3 Bed + Den, 3 Baths, 3 Car Tandem Garage. Very spacious floorplan. Wood Plank Like Tile Flooring w/Upgraded Carpeting. Across the street from a park. Features Include: Butler Pantry, Large Kitchen Pantry, Gas Cook Top, Granite Countertops throughout w/ Island &Breakfast Bar, White Cabinets with Pull Handles, Wood Shutters, Soft close drawers & cabinets, Gas Stub for BBQ, Walk-In Master Shower, Extra Insulation to Garage, Built in Classy Closets in Garage w/overhead cabinets, Epoxy Garage Floor, Backyard Fully Landscaped w Brick Pavers and Artificial Turf, Water plumbed to backyard to add irrigation for garden boxes, Pavers at Front making driveway wider, Overhead cabinets in Laundry. 5 minute freeway access. Eastmark Community offers: Heated Pool, Splash pad, Dog parks, Many Parks, Tennis courts, Fishing Pond, Ball fields, Frisbee golf course and Rec Center. There are many recreational spots close by including a regional sports park just south of this home on Ellsworth and Pecan Lake Entertainment which offers many various attractions and restaurants.

870 W Shellfish Drive Gilbert, AZ 85233

$598,500
3 Beds
2.5 Baths
2,035 SqFt
Status Active
MLS # 6751826
Property Type Single Family Residence
Price Type --
Centrally located in the highly desirable Gilbert Islands community, this home offers both modern amenities and an eco-friendly lifestyle. Equipped with solar panels and an EV charging station, it's perfect for the environmentally conscious homeowner. This charming residence features a spacious layout with 3 bedrooms plus a loft/den, a large family room, and a well-appointed kitchen with stainless steel appliances and new granite countertops. Enjoy the serene ambiance of a quiet street across from the lake, with a private backyard that backs to a treed park—no neighbors directly behind. The resort-like outdoor space includes a large pool, ample gardening area, and side-yard storage for your toys. Great access to local amenities, schools and shopping.

10017 E Mountain View Road Unit 1084 Scottsdale, AZ 85258

$598,500
2 Beds
2.5 Baths
1,792 SqFt
Status Active
MLS # 6672997
Property Type Townhouse
Price Type --
Welcome to your 1,792 SqFt home nestled in the heart of Scottsdale Ranch! PREMIUM MODEL! LIFESTYLE INCLUDED 2 bedrooms and 2.5 Baths. Attached 1 car garage & 1 carport. Walking distance to community pool. Upon entering, you are greeted by a spacious living area adorned with a cozy fireplace and large windows. The gourmet kitchen features UPDATED granite countertops and premium stainless steel appliances. The OVERSIZED primary suite & second bedroom offers a serene retreat, both w/ on-suite bathrooms. Step outside to your private balcony and indulge in breathtaking mountain views of the McDowell Mountains. Easy access to shopping, dining, golf, tennis, entertainment, parks, desert trails, spring training, Phoenix Open, Mayo Clinic Shea, Loop 101, great school district including BASIS. ABOUT SCOTTSDALE RANCH Located in the vibrant city of Scottsdale, Arizona, Scottsdale Ranch is a prestigious master-planned community renowned for its upscale living, picturesque surroundings, and abundant amenities. Directly across from the Fountains is Scottsdale Ranch Park where residents have access to 18 Tennis Courts, 4 Racquetball Courts, Squash Court, 6 Sand Volleyball Courts, Full Basketball Courts, 4 Lighted Baseball Fields, 6 Reservable Ramadas, Exercise Course Stations, Playgrounds, and Restrooms. Lake Serena a 42-ac. man-made lake w/approx.. 5 miles of shoreline offers Scottsdale Ranch residents a variety of boating and fishing activities, enabling them to fully enjoy the benefits of the Arizona climate. Yearly lake events are held for residents, such as Lake Festival and the Holiday Boat Light Parade. The SRCA also offers residents pontoon boat rides and recreational boat rentals. The Desert Garden at Scottsdale Ranch Park is located on the corner of Via Linda and Lakeview Drive. The Desert Garden has three zones: Hummingbird nest for the low desert area. Saguaro and bat sanctuary for the high desert area. Butterfly garden for the riparian community area. TOP RATED SCHOOLS, restaurants, shopping and SO MUCH MORE all within walking distance.

302 W Oak Avenue Unit 3 Flagstaff, AZ 86001

$598,000
2 Beds
2.5 Baths
1,085 SqFt
Status Active
MLS # 6733268
Property Type Single Family Residence
Price Type --
TO BE BUILT...Welcome to modern living in the heart of Flagstaff - a collection of contemporary detached homes that redefine luxury and convenience. Nestled against the backdrop of the stunning mountains, step into a world where architectural brilliance meets nature's beauty. The community boasts a sleek and contemporary design that seamlessly integrates with the natural surroundings. Plentiful glass allows ample natural light to flood the interiors, creating a harmonious blend of indoor and outdoor living. Clean lines, high ceilings, and thoughtfully designed spaces provide an open and airy atmosphere making each home a sanctuary of modern sophistication. Wake up to the awe-inspiring sight of the mountains right outside your window (Select Lots Only).

4444 E Peach Tree Drive Chandler, AZ 85249

$598,000
4 Beds
2.5 Baths
2,554 SqFt
Status Active
MLS # 6714752
Property Type Single Family Residence
Price Type --
PRICE REDUCTIION! Beautiful home in the highly desirable Sun Groves subdivision! 4 bedrooms, 2.5 baths, living room, dining room. family room and spacious loft retreat upstairs, would make a great office or kid's space, also upstairs laundry with utility sink. Awesome eat in kitchen has granite counter tops, stainless steel appliances, a gas range and kitchen island with sink. 3 car tandem garage with plenty of room to set up a workshop. Wonderful low maintenance back yard has a refreshing pool for those hot summer days. Don't miss out on this wonderful spacious family home! Perfect for entertaining inside and out!

1425 W Kenrick Drive Wickenburg, AZ 85390

$598,000
3 Beds
2.5 Baths
3,190 SqFt
Status Active
MLS # 6651710
Property Type Single Family Residence
Price Type --
Welcome to a move-in ready home that offers the perfect canvas for your personal touch. Situated in a prime location with stunning views, this property boasts a spacious backyard, setting the stage for a comfortable and personalized living experience. As you explore the home, you'll discover a cozy and inviting layout, featuring multiple rooms that are primed for your creative ideas. Each room is a comfortable space, eagerly awaiting your unique flair. Whether you're interested in adding modern touches, highlighting the home's charming details, or a combination of both, the possibilities are limitless. The private and fully fenced backyard is an ideal setting for a variety of activities. It's a gardener's dream, or a tranquil retreat for those who appreciate peaceful relaxation.

21262 E Kingbird Drive Queen Creek, AZ 85142

$598,000
5 Beds
3 Baths
2,654 SqFt
Status Active
MLS # 6726442
Property Type Single Family Residence
Price Type --
**Welcome to your dream home in Queen Creek, AZ. This impeccable home, fresh on the market has the perfect touch of modern living. This home offers 5 generous bedrooms and 3 full baths, with one full bedroom and bathroom downstairs. The kitchen has modern aesthetics with white shaker cabinets that are complemented by stunning backsplash that ties the room together. The wood- like tile flooring througout boasts beauty as well as ease of maintenance. The open floor plan is a home owners dream for living and hosting gatherings. The backyard provides a great space for enjoying and entertiaing with low maintence turf and pavers. Why wait for a new build when you can buy a newer home with all the upgrades and finished backyard.

1075 W Desert Aster Road San Tan Valley, AZ 85143

$598,000
2 Beds
2 Baths
1,897 SqFt
Status Active
MLS # 6705964
Property Type Single Family Residence
Price Type --
**THE MOST LUXURIOUSLY REMODELED HOME IN SOLERA AT JOHNSON RANCH** Your new home boasts a complete Interior/Exterior Remodel beyond compare! This Gem is perched on an 11,627 sq.ft. Premium Lot & features: 2Bed/2Bath+Den, Mountain Views from Front & Back, Beautiful Interior/Exterior 2-tone Custom Paint, Pavered Courtyard & Iron Security Door upon Entry, Custom Tile in all living areas, Crown Molding+Plantation Shutters & Luxurious Fixtures throughout, Chef's Kitchen w/ LG Black SS Appliances (incl: Gas Cooktop+Fridge), Quartz Countertops & Backsplash, Beautiful Cabinetry w/Underlighting, Eat-At Island + Highly Upgraded Pantry & Laundry Room. Fabulously Remodeled Bathrooms incl: Super shower in Master. Backyard has Custom Pavers, Extended Patio w/ Pergolas, the list continues-(click more).. Gas Fire Pit with Pavered Surround & Spectacular Views in all preferred sitting areas! Amazing Landscape is everywhere including other Jaw Dropping Exterior Upgrades such as: New Trees & Extensive Plantings, Complete Exterior Low-Voltage Landscape Lighting (LED), New Irrigation System (PVC) & Controller, Water Feature & 2 Stucco Planters with Paver Caps in rear yard, Front Yard Retaining Walls w/stucco masonry & paver caps, All New Exterior Coach Lights, Pavered Backyard & Front Walk. Your Premium Lot borders the common area with desert landscape in the back & one side which enhances both your Views and Privacy! This Gem must be seen to be believed! Your Garage has tons of Cabinetry, Overhead Storage Racks, Workbench, Epoxy Floors & Custom Iron Security Door (matching front door) at service entrance. This Home also includes SOLAR POWER, Newer AC(16 SEER) w/ stucco masonry enclosure, Newer 5 Ton Split Gas Furnace, 3 smart thermostats for zoned hvac system, Trash enclosure w/ stucco masonry, Newer 50-gallon Water Heater, Water Treatment System, Solar Tube Skylights added in Pantry, Laundry, Primary Closet and Guest Bath, Solar-power attic exhaust fan, Custom Ceiling Fans, Dual Pane Windows, etc. The 2 Bedrooms are a good size & the master bath finishes are simply breathtaking! The Den is a perfect flex/office space with a shiplap ceiling for that luxury feel... There are just too many elaborate upgrades to list! (See photos & Docs tab for detailed list on some of the upgrades). Solera is a 55+ Active Adult Gated Community with tons of amenities including a Private Community Center, Pool & Spa, Activity Rooms, Billiards, Bocce Ball, Fitness Center & more! San Tan Highlands Golf Course runs through the community. You have access to Johnson Ranch Amenities as well. This includes heated, outdoor pools and spas, tennis courts, pickle ball court, pitch and putt golf course, frisbee golf course, catch and release fishing pond, softball & soccer fields. DON'T MISS OUT!!! ***YOU CAN MAKE THIS YOUR FOREVER HOME!!!**

1961 W Yellowstone Way Chandler, AZ 85248

$598,000
3 Beds
2.5 Baths
1,956 SqFt
Status Active
MLS # 6740631
Property Type Single Family Residence
Price Type --
Don't miss out on this charming property located in Villa del Lago, Ocotillo.This two-story home offers a gourmet kitchen, spacious Great Room and dining. The living room has tons of natural light area on the first floor. Upstairs you can retreat to the primary bedroom which is roomy and peaceful and two secondary bedrooms. Home has tons of upgrades including double wall ovens, stainless steel appliances, gas cooktop, white cabinets throughout, granite counters, and pavers. HOA maintains a front yard. Nice community pool and spa, as well as outdoor fireplace, lounging area BBQ with covered tables, swing set and community garden. Ocotillo offers community Pickle Ball and Tennis courts, parks,catch and release fishing, and discounted golf. Come take a look. You won't be disappointed!.

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