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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3536 N Snead Drive Goodyear, AZ 85395

$597,000
3 Beds
3 Baths
2,266 SqFt
Status Active
MLS # 6748270
Property Type Single Family Residence
Price Type --
Welcome to this beautifully updated home enhanced by the private backyard oasis featuring multiple entertaining areas, portable hot tub, covered patio & gorgeous water feature. Charming courtyard entrance with pavers. Elegant Great Rm with vaulted ceilings & French doors to patio, game table or dining area & an entertainment area with media cabinet. Rich wood cabinets, granite counters, stylish tile backsplash, SS appliances incl gas stove (new in 2012), portable prep-bar, walk in pantry & breakfast bar. The primary suite offers a cozy sitting area, patio access, bathroom with dual sinks, shower & walk-in closet. Addtl guest bdrm, full bath, home office/den with an added bonus of a large casita & bath. Travertine tile throughout home. Re-imagined laundry/craft room with extra storage.

28721 N 128th Drive Peoria, AZ 85383

$597,000
2 Beds
2 Baths
1,813 SqFt
Status Active
MLS # 6749410
Property Type Single Family Residence
Price Type --
This charming, meticulously cared for home has 2bd/2ba + den and is located on a quiet cul-de-sac in the highly desirable, gated community of Trilogy at Vistancia. This lovely home has many upgrades including central vac, a large eat-in kitchen with loads of storage, s/s gas appliances, and it opens to the great room with a custom wall unit and built-in surround sound. Just off the great room is access to a tranquil, private courtyard complete with a gas fireplace. The backyard has lush landscaping, fire pit, fountain, mister system, artificial turf and generous use of pavers. The upgrades continue in the extended garage which has plenty of storage cabinets, shelving, mop sink, and epoxy floor. You can even listen to music/tv from the great room with the built-in speakers in the garage. You will absolutely love the world class amenities in the active adult community of Trilogy at Vistancia.

2560 W Goldmine Mountain Drive San Tan Valley, AZ 85144

$597,000
5 Beds
2.5 Baths
3,242 SqFt
Status Active
MLS # 6750598
Property Type Single Family Residence
Price Type --
This stunning 3,242 sq. ft., 5-bedroom, 2.5-bathroom home is located in the highly sought-after Santan Heights neighborhood of Santan Valley. Offering an exceptionally spacious layout, this home is perfect for families and entertainers alike. The heart of the home is its modern kitchen, featuring newer stainless steel appliances, sleek granite countertops, and ample cabinetry perfect for culinary enthusiasts and family gatherings. The open-plan living room flows seamlessly into the expansive backyard through sliding glass doors, revealing beautifully manicured landscaping. With lush green grass and towering palm trees, the backyard creates a serene, tropical retreat. The space is perfect for outdoor activities, relaxation, or entertaining guests in the warm Arizona sunshine. The backyard also boasts a sparkling swimming pool, ideal for cooling off or hosting summer gatherings. An RV side gate offers added convenience for outdoor enthusiasts, and the paid-off solar panels enhance the home's eco-friendliness while reducing utility costs. The master suite is a true sanctuary, featuring a private walkout terrace overlooking the pool perfect for enjoying the tranquil surroundings and Arizona sunsets. The bathroom includes a large walk-in shower, a huge soaking tub for ultimate relaxation, and a spacious walk-in closet. In addition to the five generously sized bedrooms, there's a versatile bonus room upstairs that can easily be adapted as a nursery, home office, or man cave. Additional features include a three-car garage with plenty of parking and storage space, ideal for car enthusiasts or families with multiple vehicles. Both AC units have been replaced in recent years, ensuring energy efficiency and comfort. Located in a peaceful and friendly neighborhood, this home is within walking distance of parks, perfect for family outings or exercise. It's also conveniently close to shopping centers, offering easy access to stores like Home Depot, Raising Cane's, Goodwill, Salad and Go, Walmart, Starbucks, and the upcoming WinCo Foods.

3122 E Presidio Street Mesa, AZ 85213

$597,000
4 Beds
2 Baths
1,973 SqFt
Status Active Under Contract
MLS # 6753388
Property Type Single Family Residence
Price Type --
Welcome to this beautiful home in Lehi Crossing. This home offers many upgrades starting w/the spacious living area and amazing open kitchen with 14+ ft of addtl cabinets/counter space. You will enjoy all the energy savings with paid in full 12KW Solar and 2 Tesla Batteries. The AC system is upgraded to a 15 Seer unit-R38 insulation/new flex-ducts have been added. While its cool inside the Backyard is the place to be. Covered patio w/fan and storage, roll down shades, Gazebo, Turf and pro-grade mist system to keep you cool. The front of home offers extra parking on an extended driveway and pavers. The garage was built 4 ft deeper than avg-w/ installed cabinets and whole house water system. So much more about this home pls see Features list under Docs.

2124 E Nighthawk Way Phoenix, AZ 85048

$597,000
4 Beds
2.5 Baths
2,134 SqFt
Status Active
MLS # 6754360
Property Type Single Family Residence
Price Type --
Charming Ahwatukee Foothills home that offers the best of everything. The spacious 4-bedroom home was just updated with new carpet, paint, landscaping and some new lighting. The unique floorplan includes a downstairs bedroom, a large loft and a balcony off the oversized master overlooking the mountains and your resort style backyard with heated pool and spa. All of this in an ideal location only blocks away from the lower 202 for an easy commute to anywhere in the valley. Restaurants, shopping, high end golf courses and a resort casino are all minutes away. The quiet, safe, stable neighborhood has an elite school district and a shocking low HOA of $218 Annually!! This house checks all of the boxes you are looking for.

25380 N 76th Drive Peoria, AZ 85383

$596,990
3 Beds
2.5 Baths
1,953 SqFt
Status Active
MLS # 6728105
Property Type Single Family Residence
Price Type --
Brand new community in North Peoria! This stunning single story home offers 1,953 sq ft of functional living space. It features 3 bedrooms, 2.5 bathrooms, den, and a 2 car garage. The open concept kitchen is perfect for entertaining and features an Island, a walk-in pantry and stainless steel appliances. It also offers our Harmony Collection which includes Fairview White Painted 42'' Cabinets, Carrara Breeze Quartz kitchen countertops, White Mosaic kitchen backsplash, and 6x36 wood looking plank tile in all the common areas. The great room offers a 4-panel center sliding glass door so you can step out into your covered patio to enjoy indoor/outdoor living in your backyard with friends and family. The primary suite has a spacious walk-in closet, double sinks, walk-in shower, and an additional linen closet for extra storage. Great location close to dining, freeways, parks, and entertainment!

29313 N 31st Lane Phoenix, AZ 85083

$596,990
4 Beds
3 Baths
1,946 SqFt
Status Active
MLS # 6735028
Property Type Single Family Residence
Price Type --
Below Market Financing Available!!!!!!!!!! A generous open living space serves as the heart of this single-level home, offering seamless transition between the Great Room, kitchen and dining room, while sliding glass doors lead to a covered patio for indoor-outdoor living. You will find plenty of room for your family with three secondary bedrooms and a stunning owner's suite complete with a spa-like bathroom. Photos are renderings of a model home, not the actual home.

16172 W Alameda Road Surprise, AZ 85387

$596,130
4 Beds
3.5 Baths
2,671 SqFt
Status Active
MLS # 6736644
Property Type Single Family Residence
Price Type --
MOVE-IN READY, BRIGHT GREAT ROOM PLAN, QUICK CLOSE!! 4 BEDROOM PLUS LOFT, 3.5 BATH, 9'CEILINGS, GOURMET KITCHEN LAYOUT, UPGRADE CABINETS, GRANITE KITCHEN TOPS, SPA SHOWER, TILED FLOORING. 2'WHITE BLINDS, CEILING FANS, FRONT YARD LANSCAPING COMPLETED, ENERGY STAR QUALIFIED HOME, INDOOR AIR PLUS. A SHORT DISTANCE FROM THE COMMUNITY POOL AREA, PICNIC AREA, TOT LOTS, BASKETBALL, PICKLE BALL COURTS AND SO MUCH MORE.

1246 E Laguna Drive Tempe, AZ 85282

$596,000 - 4Br/2Ba -  for Sale in Cyprus East, Tempe
Open House
$596,000
4 Beds
2 Baths
1,865 SqFt
Status Active
MLS # 6724419
Property Type Single Family Residence
Price Type --
Classic ranch home nestled in the heart of Tempe is perfect for anyone seeking a stylish and convenient living space and would make a great location for ASU students. Key Features: •Completely Remodeled: This home has been meticulously renovated from top to bottom, featuring brand new plumbing, wiring, and state-of-the-art finishes. •High-End Finishes: Enjoy the elegance of premium materials and fixtures throughout, including gourmet kitchen appliances, sleek countertops, and designer bathrooms. •Spacious Living: With four generously sized bedrooms, there's plenty of room for family, guests, or a home office. •Prime Location: Situated in a desirable Tempe neighborhood, this home is just a short walk away from a lovely park, perfect for outdoor activities and relaxation.

35713 N 32nd Avenue Phoenix, AZ 85086

$596,000
4 Beds
2 Baths
2,061 SqFt
Status Active
MLS # 6741668
Property Type Single Family Residence
Price Type --
Welcome Home! This Stunning Split Floor plan 4 bedroom, 2 bath home is located in the highly sought-after community of Tramonto and features an eat in kitchen with granite countertops, beautiful Maple cabinets with plenty of storage, wine rack built in, upgraded backsplash and Stainless appliances with New Dishwasher, fixtures and hardware throughout. Primary Suite has a large remodel spa like ensuite with new tile, new double sinks, free standing tub & walk-in shower and large walk-in closet. New interior and exterior paint. New luxury vinyl plank flooring, tall baseboards, new light fixtures, fans and LED recessed ceiling lights and new outlets/switches. Second bath is fully remodeled with a new tub, tile, vanity, mirror and much more. Park all your toys in the third garage or wander outside and discover new landscaping, pavers and a covered patio perfect for al fresco dining. Enjoy the community's amenities including walking paths, a children's playground, and a sparkling pool and spa. With its superb location close to schools and every modern convenience, this home offers the perfect blend of comfort, elegance, and convenience for your discerning lifestyle. Prime location near I-17 & Loop 303 freeways, making commuting a breeze. Ideal for those connected to the nearby TSMC plant or seeking proximity to Lake Pleasant. Corner lot with North/ South exposure. This is a must see!!! Refrigerator, Washer and Dryer stay.

35592 N Lodestone Drive Queen Creek, AZ 85144

$595,995
3 Beds
2.5 Baths
2,239 SqFt
Status Active
MLS # 6729593
Property Type Single Family Residence
Price Type --
This beautiful home is move-in ready. The bright foyer sets the perfect mood, offering plenty of natural light and flowing effortlessly into the rest of the home. Overlooking the great room and accompanied by a casual dining area, the gorgeous kitchen is the perfect environment for entertaining guests with wraparound counter space and a sprawling central island. A private flex space extends the possibilities of this home, creating plenty of space for personalization. A wide array of community amenities are located nearby. Experience the luxury you've always wanted by scheduling a tour today.

3131 N Central Avenue Unit 6022 Phoenix, AZ 85012

$595,900 - 2Br/2Ba -  for Sale in Edison Midtown Condominiums, Phoenix
Open House
$595,900
2 Beds
2 Baths
1,125 SqFt
Status Active
MLS # 6415956
Property Type Apartment
Price Type --
*Construction completed* 5% BUYER INCENTIVE! Introducing Edison Midtown Phase 2 with 60 new construction condominiums. This spacious two bedroom condo is located on the corner with West facing views to the pool and common area and offers ten ft. ceilings, an open floor plan, and large master bedroom with ensuite bathroom. Chefs kitchen offers expansive cabinetry, quartz countertops and stainless steel appliances including a gas range. Edison Midtown features incredible amenities for that perfect Urbanite lifestyle. A beautiful pool and lap pool, 2000 sq. ft. fitness center and lounge, and gated parking garage.

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