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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8517 E Indigo Street Mesa, AZ 85207

$595,000

3 Beds

2 Baths

1,753 SqFt

Status Active Under Contract

MLS # 6723662

Property Type Single Family Residence

Price Type --

Welcome home! This stunning 3-bedroom, 2-bathroom single-level home is nestled in the prestigious gated community of Mountain Bridge. The interior features a versatile flex room perfect for a home office, playroom, or guest suite, and a split floorplan that provides privacy with the primary suite separate from the additional bedrooms. The open great room is ideal for entertaining and family gatherings, seamlessly connecting the living, dining, and kitchen areas, which are adorned with granite countertops, new HVAC in 2023 and plantation shutters throughout. Outside, enjoy a private backyard with a built-in BBQ area, new spa, and low-maintenance turf grass. Location is only 30 minutes from Sky Harbor and easy access to the freeway. The Mountain Bridge community offers an array of amenities, including year-round relaxation, a fitness room, and tennis and pickleball courts for sports enthusiasts. Additionally, the location provides easy access to hiking, biking, lakes, golf courses, and more, making it easy to embrace an active lifestyle. Don't miss the opportunity to make this exceptional property your new home in Mountain Bridge, where luxury meets convenience and community. Don't miss this luxurious gem!

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1202 E Beth Drive Phoenix, AZ 85042

$595,000

5 Beds

3 Baths

3,727 SqFt

Status Active

MLS # 6716285

Property Type Single Family Residence

Price Type --

Welcome to your dream home! Nestled in a Gated neighborhood, this recently remodeled gem boasts an open great room floorplan with a HUGE 6' x 6' kitchen island, stunning quartz countertops, and a beautiful custom backsplash. The kitchen features all stainless steel appliances, including two refrigerators. Enjoy ceramic tile throughout the lower level and BRAND NEW (7/24) carpet upstairs. The first floor includes a full bath and bedroom, while the second floor offers an oversized loft with kitchenette, four additional bedrooms, and a luxurious primary suite with a walk-in shower, soaking tub, and granite double sinks. Dual laundry areas. Spacious yard with plenty of grass for customization add to the appeal. With a NEW roof in 2022 and PAID-OFF solar panels, this home is ready for you!

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17831 N 130th Avenue Sun City West, AZ 85375

$595,000

4 Beds

2 Baths

2,394 SqFt

Status Active

MLS # 6703110

Property Type Single Family Residence

Price Type --

Come see this completely renovated 4 Bedroom/2 Bath home with paid off solar! No detail was missed in this stunning 2394 square foot property. All work was permitted and completed by licensed, bonded, and insured contractors. Updates include: New Windows, Electrical, Plumbing, Fixtures, Paint, Flooring, ductwork, courtyard tile, and Appliances. From the new flooring to the kitchen upgrades, you don't want to miss out on the opportunity to tour this home! Enjoy all of the amenities Sun City West provides! The new owner(s) will be able to pick out their new backsplash for the kitchen and installed by our contractor.

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10536 W Villa Hermosa -- Peoria, AZ 85383

$595,000

3 Beds

2 Baths

2,493 SqFt

Status Active

MLS # 6744672

Property Type Single Family Residence

Price Type --

NO HOA!!! Highly sought after North Peoria home featuring a 3-car garage & a welcoming covered entry. Inside, you'll find 3 bedrooms plus a versatile den, along with family & living rooms, and a formal dining area—perfect for gatherings & relaxation. The kitchen has elegant granite counters, including a charming round granite table that stays, and convenient soft-closing cabinet drawers & doors. The master suite offers a spacious walk-in closet with custom shelving & access to the 3rd car garage. Buyer to choose between a sleek glass shower front or a restored separate shower/tub before close of escrow. Fall in love with the expansive enclosed patio & outdoor kitchen area. Conveniently located near schools, shopping, and entertainment, this home is ready for you to move in and enjoy!

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15213 N Cameo Drive Sun City, AZ 85351

$595,000

3 Beds

3 Baths

2,800 SqFt

Status Active

MLS # 6682424

Property Type Single Family Residence

Price Type --

AMAZING DEAL!!!! Welcome to your dream home nestled in the desirable community of Sun City! This stunning property at 15213 N Cameo Dr offers the perfect blend of elegance and relaxation with its prime location overlooking the golf course and serene lake views. Boasting 3 bedrooms and 3 bathrooms, this premium lot home features a spacious layout designed for comfortable living. Step inside to discover a light-filled living space with picturesque views of the lush greenery and tranquil waters. The kitchen is a chef's delight, equipped with modern appliances and ample counter space. Retreat to the master suite, complete with a private en-suite bath and scenic vistas. Enjoy Arizona's outdoor living at its finest in the expansive backyard oasis, where you can soak in the breathtaking sunsets from your Arizona Room/ patio. With its proximity to shopping, dining, and recreation, this home offers the ultimate lifestyle experience. Don't miss your chance to own this piece of paradise - schedule your showing today!'

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3212 S Marryvale Lane Flagstaff, AZ 86005

$595,000

2 Beds

2 Baths

1,410 SqFt

Status Active

MLS # 6728129

Property Type Townhouse

Price Type --

RARE OPPORTUNITY for a SINGLE LEVEL in Pinnacle Pines - and it even includes A/C! Come take a look at this nicely appointed 2 bedroom home with a great layout and use of space. The split floor plan design provides privacy for each of the two bedrooms while the great room combines the Living/Kitchen/Dining into an open and comfortable gathering space. A modest sized covered deck overlooking the backyard is great for spending a relaxing afternoon enjoying the outdoors. Other wonderful features include a flat, SW facing driveway, separate laundry room, lots of extra storage in the large crawl space, and did I mention A/C? Come take a look at this great home located on a quiet cul-de-sac in Pinnacle Pines!

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7700 E Gainey Ranch Road Unit 103 Scottsdale, AZ 85258

$595,000

2 Beds

2 Baths

1,104 SqFt

Status Active

MLS # 6705937

Property Type Townhouse

Price Type --

Welcome Home to Sunset Cove in the guard-gated community of Gainey Ranch! This single-level, 2-bedroom, 2-bath furnished, move in ready, townhome offers easy living in an excellent location. The Gainey Estate Club is just a short walk away, perfect for a quick swim, workout, tennis, or game of pickleball. You'll also be close to all that Scottsdale has to offer, including hiking, biking, restaurants, shopping, and entertainment. This home has been updated over the years, with the current seller adding many upgrades. Features include a gourmet kitchen, BBQ patio, spacious bedrooms, and a private patio off the primary bedroom. The home also includes a detached one-car garage and extra parking. Welcome Home

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19063 N 265th Avenue Buckeye, AZ 85396

$595,000

2 Beds

2.5 Baths

1,864 SqFt

Status Active

MLS # 6707112

Property Type Single Family Residence

Price Type --

ASSUMABLE 3% FHA MORTGAGE WITH $285,000 DOWNPAYMENT, or fund a second! Get a pool, owned solar, golf and mountain views at a great price. This highly upgraded Sanctuary model with approximately 1,864 sf. has two suites, a half-bath, and a den. The home has a 2-ft. rear extension and 2-ft. extended garage which is air-conditioned. Upgraded Taupe cabinets, dark granite counters and a stainless-steel gas cooktop create contrast and brighten up the living space. An electric fireplace with a framed and tiled mantle, and accent wall paint, complements the hardwood floors in the gathering room. From the pool you can enjoy a view of the White Tank Mountains & the green at the 9th hole on the Mountain Course at Sun City Festival, Arizona's premier 55+ community.

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32561 Felix -- San Tan Valley, AZ 85143

$595,000

3 Beds

2 Baths

1,680 SqFt

Status Active

MLS # 6739254

Property Type Manufactured Home

Price Type --

Exceptional Home with Pool, Casita, Storage Shed & carport on over 1.3 acres. Welcome to this exceptional property, where comfort meets versatility in a stunning 3-bedroom, 2-bathroom primary residence. This home is perfect for those seeking a blend of relaxation, functionality, & additional living space with a country living feel yet not too far from amenities. Step into the inviting main residence, where an open layout & modern design create a welcoming ambiance. The spacious living room features large windows that bathe the space in natural light & provide beautiful views of the surrounding landscape. The kitchen is a chef's delight, equipped with sleek appliances, quartz countertops, & ample cabinet space & a large walk in pantry. A large island provides additional prep space & a casual dining area. Adjacent to the kitchen is a comfortable dining area that opens to the backyard, perfect for alfresco dining. The main bedroom is a serene retreat with generous closet space a & an en-suite bathroom featuring a double vanity, separate shower & storage. Two additional well-sized bedrooms share a 2nd full bathroom, designed with modern fixtures and a stylish aesthetic. The expansive backyard is a true highlight, featuring a sparkling pool with water feature, slide & surrounded by a spacious travertine deck, ideal for sunbathing & entertaining. A well-maintained storage shed (40x30) offers practical storage solutions for outdoor equipment, supplies & can be used as a garage plus a 20x40 carport. This property also boasts a charming casita, providing a private & versatile space that can serve as a guest suite, home office, or artist's studio. The 12x24 casita is thoughtfully designed with its own entrance, ensuring privacy & comfort for its occupants. Other features include established landscaping, pavers, & fenced yard. This unique property offers a rare combination of features, including a main residence, pool, casita, shed & carport making it a standout choice for those seeking both comfort & versatility. Don't miss the opportunity to make this exceptional property your new home!

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5726 E Jacaranda Street Mesa, AZ 85205

$595,000

4 Beds

3 Baths

2,088 SqFt

Status Active

MLS # 6722402

Property Type Single Family Residence

Price Type --

**SELLER CREDIT OF $10,000 TO BUYER FOR CLOSING COSTS ** Your new home in Alta Mesa Golf Community has NEW exterior paint, NEW FLOORING through out, newly refinished cabinets in kitchen & bathrooms w/ new hardware, newly installed recessed lighting in kitchen & living room. This is a FANTASTIC FLOORPLAN w/ no interior steps. This well maintained 4 Bedroom/3 Bath single level home has a split master and 2 En-suites. You'll love the spacious eat-in kitchen, walk in pantry and vaulted ceilings in living & family rooms. Entertain your guests, or enjoy your morning coffee in the private backyard with mature shade trees & covered patio. The 3-CAR GARAGE, provides plenty of space for cars and toys. All appliances convey. Close to restaurants, shopping, Boeing & Falcon Field and 202 Freeway

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3792 S Tower Avenue Chandler, AZ 85286

$595,000

3 Beds

2.5 Baths

2,042 SqFt

Status Active

MLS # 6730052

Property Type Single Family Residence

Price Type --

Exceptionally well maintained 3 bedroom, 2.5 bathroom home with a pool, irrigated front yard, and newly painted interior walls. Great floor plan with 2 living areas on the main floor - open area when you enter the home plus great room concept kitchen and family room at the back of the house. The kitchen has ample storage and counter space and is open to the spacious family room with dramatic two story ceiling. All 3 bedrooms are upstairs. The oversized primary suite faces the back of the home. The attached bath features dual vanities, soaking tub, step in shower, and walk in closet. The secondary bedrooms are nice sized and both have ceiling fans. There is a nice built in desk at the top of the stairs plus upstairs laundry! The backyard has a covered patio, a meticulously maintained pool and waterfall feature. Plus mature landscaping and a fire pit! Great location near freeways and amenities!

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2647 N Miller Road Unit 16 Scottsdale, AZ 85257

$595,000

3 Beds

2 Baths

1,542 SqFt

Status Active

MLS # 6746341

Property Type Single Family Residence

Price Type --

Rare Old Town Scottsdale Single Family Detached with Two Car Garage on the Coronado Golf Course. New paint in and out with BRAND NEW HVAC system. New Water Heater, and Appliances. Three 3yr old Roof and Updated fire sprinkler heads. This amazing home on a premium lot with a community pool and no common walls. A wonderful year-round home, winter getaway or income property. Large living/dining area with fireplace, tall ceilings, and golf course views. Owner's suite has golf course views, private bath, walk-in closet and patio exit. Third bedroom can be an office with french doors. Direct entry to kitchen with pantry from a 2 car garage with built-ins. Full size washer and dryer with lots of storage space. Enjoy premier Scottsdale art galleries, upscale shopping, restaurants, local music

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