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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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).

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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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21354 E Sparrow Drive Queen Creek, AZ 85142

$597,594

4 Beds

3 Baths

2,405 SqFt

Status Active

MLS # 6753924

Property Type Single Family Residence

Price Type --

Welcome to this stunning home in Ascent at Jorde Farms, filled with numerous upgrades! Inside, you'll find a gourmet kitchen featuring designer cabinets, quartz countertops, and Whirlpool stainless steel appliances. The open-concept great room offers the perfect space for gatherings. The private primary bedroom includes an ensuite bath and a spacious walk-in closet. This home boasts 3 bedrooms, 3 full baths, upgraded paint, flooring, and more! Enjoy the charming porch and become part of the inviting Ascent at Jorde Farms community, which plans to offer a pool, walking paths, and parks. With great restaurants and shopping nearby, your dream home awaits! Welcome home!!

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13618 N 18th Street Phoenix, AZ 85022

$597,500

3 Beds

2 Baths

1,732 SqFt

Status Active

MLS # 6691948

Property Type Single Family Residence

Price Type --

PREMIUM single story custom built property with UPDATES galore. Features include: spacious open floorplan with vaulted ceiling, granite countertops, tumbled travertine and wood flooring, custom kitchen cabinetry, remodeled baths, solid core doors, security doors at front/back, enclosed additional patio space off kitchen, low maintenance front yard landscape, gorgeous mature backyard landscape and more. Welcome home!

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6418 W Irma Lane Glendale, AZ 85308

$597,500

3 Beds

2 Baths

1,834 SqFt

Status Active

MLS # 6710712

Property Type Single Family Residence

Price Type --

Absolutely Stunning 3 Bedroom, 2 Bath, Single Level Home Located on Premium Golf Course Lot, Formal Living & Dining Room w/Vaulted Ceilings, Upgraded Kitchen w/Custom Cabinets & Granite Countertops, Kitchen Island w/Breakfast Bar, Stainless Steel Appliances Included, Family Room w/Wood Burning Fireplace, Master Bedroom w/Walk-In Closet, Master Bathroom w/Dual Sinks, Custom Walk-In Shower & Tub, Tile Throughout Home, Dual Pane Windows, Plantation Shutters, Extended Covered Backyard Patio, Professionally Landscaped Front & Backyard, Variety Of Mature Citrus Trees, Best Backyard in the Community with over Quarter Acre Lot & Wonderful Views of the Golf Course, 2 Car Garage, Cul-De-Sac Lot, Come Check It Out!

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36038 N Puente Alto Avenue San Tan Valley, AZ 85140

$597,500

2 Beds

2 Baths

1,769 SqFt

Status Active

MLS # 6717592

Property Type Single Family Residence

Price Type --

Stunning home that will deliver perfection to any buyer. Home is upscale and they sellers did many upgrades the property including glass and iron front door, upgraded springs on garage door, upgraded all appliances in property. landscaping is immaculate with fencing around property, travertine tile on patio and front entryway, electric screen enclosure on patio installed, cabinets painted, ventilation system installed. Home is amazing please call get this one while it is available.

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16017 S 12th Place Phoenix, AZ 85048

New

$597,500

4 Beds

3 Baths

2,039 SqFt

Status Active

MLS # 6760725

Property Type Single Family Residence

Price Type --

Welcome to your dream home in the highly sought-after Ahwatukee Foothills! Nestled in a serene cul-de-sac, this 3 bedroom plus bonus room, 3-bathroom residence boasts 2,039 square feet of luxurious living space. As you step inside, you'll be greeted by a stunning layout, perfect for entertaining guests or simply enjoying family time. This home has spectacular Mountain views and sits on the beautiful Foothills Golf course, this not only provides peace of mind and fantastic views. The next item you won't want to miss is the updated Bathrooms: Indulge in luxury with the newly updated modern fixtures and elegant design. Outback you will enjoy the private pool and hot tub. Also, wonderful nearby hiking trails and golfing amenities and much more.... Grab your little slice of paradise!

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14931 S 185th Avenue Goodyear, AZ 85338

$597,200

3 Beds

3 Baths

2,593 SqFt

Status Active Under Contract

MLS # 6752606

Property Type Single Family Residence

Price Type --

Explore the elegance of this stunning 3-bedroom home, complete with a charming Casita! The striking exterior boasts a 3-car garage and elegant stone accents. Inside, you'll find a bright and airy great room with abundant natural light and expansive sliding glass doors. The gourmet kitchen is equipped with stainless steel appliances, ample white cabinetry with crown molding, a pantry, recessed and pendant lighting and sleek quartz countertops. The primary suite offers outdoor access, a luxurious ensuite with dual sinks, and a spacious walk-in closet. Additional highlights include a dedicated den and a fully appointed Casita with its own entrance. The spacious backyard is perfect for relaxation, featuring a covered patio and stunning mountain views. This exceptional property is a must-see!

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13330 W Milton Drive Peoria, AZ 85383

$597,000

2 Beds

2 Baths

1,760 SqFt

Status Active

MLS # 6700963

Property Type Single Family Residence

Price Type --

LIKE NEW! 2021-built 'Vibrant' with 9.25 kW SOLAR LEASE for huge savings, PLANTATION SHUTTERS & NO CARPET! 2BR/2BA with large multi-use den. Beautiful curb appeal enhanced w/PAVERS on driveway & front porch. Many outstanding upgrades/features - GRANITE SLAB on kitchen counters & large island, stainless GE PROFILE appls. w/5-burner GAS cooktop & GE French-door refrigerator, walk-in pantry. NEW 2024 LUXURY VINYL PLANK FLOORING in bedrooms & den; tile flooring in main areas. Inviting private backyard ideal for alfresco dining or entertaining has HUGE PAVER PATIO, faux grass, attractive landscaping w/lighting & is FENCED including a wall behind. The 2-car garage w/EPOXY FLOOR has overhead storage racks & pedestrian door to an EXTERIOR TRASH ENCLOSURE. SHORT DISTANCE to DOG PARK & MITA CLUB. Additionally, the primary suite has a large bedroom with no carpeting, double sinks, shower, toilet room & large walk-in closet. Guest bedroom with no carpeting & bath are split from primary suite providing privacy for you and your guests. POST TENSION SLAB. Gutters & downspouts. Extra area in garage can be used for storage, motorcycle, or golf cart. $2.40 IS THE AVERAGE FOR APS BILLS THE PAST 12 MONTHS! Gas line was installed for use in backyard. This home is located in award-winning gated, 55+ Trilogy at Vistancia with 5-star-resort style amenities at the 35,000 SF Kiva Club with indoor & outdoor pools, fitness center, day spa, cafe, billiards, meeting rooms, library, tennis courts, pickle ball, bocce ball, events & a plethora of activities to choose from. Outstanding Gary Panks-designed golf course is woven throughout the original part of the neighborhood. The Mita Club has additional outstanding community amenities. Easy access from Trilogy to the 303, shopping, restaurants, entertainment, Lake Pleasant & Paloma Park, Peoria's huge community park loaded with amenities.

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2625 S Bonarden Lane Tempe, AZ 85282

$597,000

4 Beds

2 Baths

1,669 SqFt

Status Active

MLS # 6703367

Property Type Single Family Residence

Price Type --

Amazing opportunity to own this nicely updated 4 bedroom, 2 bath home on a corner lot with RV Gate. Step inside and you will find easy care wood like laminate flooring through out and designer baseboards. Clean and bright galley style kitchen with plenty of cabinet space, stainless appliances and bar style breakfast counter overlooking the cozy brick fireplace and family room. Large covered patio overlooks generously sized block fenced back yard with low maintenance desert landscaping. Prime location close to the Orbit Bus with easy access to ASU campus, dining, sporting events and night life! Fantastic central location!

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6340 W Saddlehorn Road Phoenix, AZ 85083

$597,000

4 Beds

2.5 Baths

2,578 SqFt

Status Active

MLS # 6722138

Property Type Single Family Residence

Price Type --

Welcome to this stunning 4-bedroom, 2.5-bath, two-story home nestled in a tranquil community. Spanning 2,542 sqft, this residence boasts an inviting family room with an abundance of natural light, vaulted ceilings, and high ceilings throughout. The kitchen features a pantry, granite countertops, and custom white cabinets with soft-closing doors. Enjoy meals in the formal dining area or the eat-in kitchen. Open the 4-panel sliding glass doors and bring the outdoors in! Enjoy a refreshing dip in the large Pebble Tec volleyball pool in your private, landscaped backyard. Relax on the balcony or patio and take in the beautiful views. This is the perfect blend of style, function, and resort-like living!

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2149 S Olivewood -- Mesa, AZ 85209

$597,000

2 Beds

2 Baths

2,239 SqFt

Status Active Under Contract

MLS # 6746091

Property Type Single Family Residence

Price Type --

Stunning 2-bed, 2-bath plus den property in the active adult community of Sunland Springs. There are wonderful features in this home for the buyer that appreciates Large open concept living area, vaulted ceilings, updated kitchen with large island, eat-in breakfast area plus family room. Formal dining is located right in the main entrance area. Kitchen has granite countertops and stainless steel appliances. A bonus of screened in patio. The den can easily be converted to a 3rd bedroom. Large primary bedroom with walk-in closet, shower, tub and double sinks. Lots of storage A 55+ property is located just minutes from Superstition West shopping & dining, Sunland Springs Golf Club, Costco and is a short drive to Sky Harbor Airport. Submit all offers before you miss this great property.

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