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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3149 W Golden Lane Chandler, AZ 85226

$594,900

4 Beds

2.5 Baths

2,231 SqFt

Status Active

MLS # 6740031

Property Type Single Family Residence

Price Type --

This beautifully updated 4-bedroom, 2.5-bath home offers modern amenities and spacious living. The primary bedroom is conveniently located on the main floor, providing ease and privacy. The kitchen is a chef's dream, featuring a large island, stainless steel appliances, including a microwave, range, and dishwasher, and seamlessly opens up to a generous living space, perfect for entertaining. The fully finished basement expands the living area with a large bonus room, an additional kitchen, and three more bedrooms, making it ideal for guests, extended family, or potential rental income. This home combines comfort, functionality, and style in every detail.

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2627 N 30th Place Phoenix, AZ 85008

$594,900

2 Beds

1 Bath

800 SqFt

Status Active

MLS # 6688674

Property Type Single Family Residence

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ATTENTION INVESTORS AND BUILDERS. Small rental home on this amazing RARE LARGE parcel size of 17,000sf!! Zoning is R1-6, so each lot (without a variance) needs a minimum of 6,000sf per lot, but many lots in the area are less than 6,000sf. No variance needed if you split the site into two lots and you could build one home on the South lot and keep the small home on the North lot as rental income ($1,500/mo) until you are ready to tear it down and build a new home. Phoenix zoning now allows ADUs (Additional Dwelling Units). Many new homes are being built in the immediate area and this is a RARE parcel size!! Please don't disturb the tenants by walking the lot without permission from agent. See photos with potential development ideas. Check with city to verify all info.

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2930 E Leland Street Mesa, AZ 85213

$594,900

4 Beds

2 Baths

1,796 SqFt

Status Active

MLS # 6749119

Property Type Single Family Residence

Price Type --

This newly painted home w/garages & parking galore!! NO HOA!! 3 car garage, a 12 ft RV gate, & a 60 ft long by 15 ft wide concrete pad behind the gate. A 46 ft long by 5 ft wide concrete walk leads from the garage walk door to back yard. Front door is under a covered pergola seating space & opens to a large front living room & then into the spacious kitchen, great room & breakfast nook. 42'' wood cabinets glow, accented by the beautiful granite and tile work. Master and 3 bedrooms complete the package. Lg master w/walk door to back patio, walk-in closet & beautiful bath w/custom tiled shower. Newer appliances. Interior just painted/freshened up, as well as exterior and trim painted. Large back yard is an open canvas & sale includes the 10 ft x 8 ft shed. Convenient NE Mesa location

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22101 W Ripple Road Buckeye, AZ 85326

$594,900

3 Beds

2 Baths

1,593 SqFt

Status Active

MLS # 6719977

Property Type Single Family Residence

Price Type --

Move in ready 3BD/2BA horse property on an acre lot with NO HOA. This has a spacious living/family room complete with a lovely propane fireplace and plenty of natural light. The kitchen boasts tiled counters, painted cabinets, and large breakfast/informal dining area. Master suite includes walk in closet and separate exit to the back patio. Relax outside under an extended covered patio while enjoying the mountain views with no neighbors behind. Land is the one thing they are not making more of so grab this one while you can.

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27005 N 81st Avenue Peoria, AZ 85383

$594,900

3 Beds

3 Baths

2,231 SqFt

Status Active

MLS # 6675906

Property Type Single Family Residence

Price Type --

Awesome single level 3BR 3BA + Bonus Rm Oversized 2CG + L2 EV Charger located in the gated community of Rocks Springs w/ views of West Wing Mountain. The front yard features well-manicured desert landscaping w/ vibrant foliage. This home was freshly painted in 2022 and offers updated features such as temperature controlled garage, pre-wired for surround sound & more. A foyer entrance leads to spacious home that shows brightly. Decorative archways, diagonal lay tile, recessed lighting overhead w/ coordinating fans & fixtures run throughout. A bonus room offsets the foyer great for any use. Continue on down the hall & it opens to the great room area. The kitchen features staggard wood cabinets, granite countertops, a stylish tile backsplash, stainless steel appliances, a walk-in pantry. Bedrooms with plenty of space and a backyard with a covered patio make this home the perfect little gem for you!

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11528 S 53rd Avenue Laveen, AZ 85339

$594,900

5 Beds

3 Baths

2,971 SqFt

Status Active

MLS # 6742760

Property Type Single Family Residence

Price Type --

This FANTASTIC FORMER MODEL home built in 2020 is OVERFLOWING w/over $175K in DESIGNER upgrades! Great room w/sliders for indoor/outdoor living! GOURMET kitchen w/gas cooktop, quartz countertops, nightfall color maple cabinets + stainless appliance suite! Head upstairs to the large loft/game room! PRIVATE owner's suite w/ensuite bath w/soaking tub + walk-in shower! UPSTAIRS laundry w/sink and cabinets! GORGEOUS backyard OASIS w/built-in BBQ and golf putting green! Enjoy the mountain views! So many UPGRADES throughout! Don't miss this GREAT opportunity! Great shopping/ restaurants nearby! WELCOME HOME!

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819 N Alison Way Chandler, AZ 85226

$594,900

4 Beds

3 Baths

2,328 SqFt

Status Active

MLS # 6731749

Property Type Apartment

Price Type --

Say Hello to relaxation and convenience awaits in this updated turn-key townhome. Moments from shopping and dining and less than a mile from I-10, this contemporary, 3-bedroom, 3-bath home with no pool or yard to maintain, offers hassle-free living. Entertainment options abound in the kitchen & great room, where floor-to-ceiling glass doors opening onto the balcony offer breathtaking sunset views. Adjoining the living area are two guest bedrooms and a hall bath. The third-floor primary suite boasts a spacious private balcony & resort-style bathroom with a luxurious spa-like shower. A ground-floor bonus room with walk-out patio features a ping pong table and patio seating, ideal for game night or entertaining. Fully updated and most furniture available on separate B.O.S

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4924 W La Puenta Avenue Laveen, AZ 85339

$594,854

3 Beds

2.5 Baths

2,617 SqFt

Status Active

MLS # 6760320

Property Type Single Family Residence

Price Type --

SELLER IS OFFERING CLOSING COST AND INTEREST RATE BUYDOWN SPECIALS. Welcome home to this amazing open floorplan sitting on an oversized homesite next to an open space. 10' ceilings, 8' interior doors, a 16' slider off the great room and a beautiful walk-in shower in the owner's bath are only some of the wonderful features. of this home. The kitchen has beautiful, upgraded linen cabinets with a quartz countertop. The island is very large and open to the great room. Wood plank tile is throughout the home except for the bedrooms, secondary rooms have walk in closets. This homesite is 10' deeper than most of the lots in the community. This is a must see!

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441 S Dodge Drive Chandler, AZ 85225

$594,750

3 Beds

2 Baths

2,162 SqFt

Status Active

MLS # 6736916

Property Type Single Family Residence

Price Type --

Fantastic location in the popular single level community in Kempton Crossing. Well maintained one owner 3BR 2BA plus large den, large kitchen with island and granite counter tops , breakfast nook, formal dining, formal living room and family room with gas fireplace, upgraded tile and wood flooring through out the home, Oversized lot with mature backyard and cover patio, 3 car garage, the home is one of a kind for the subdivision only one built, Kempton crossing is a unique community where all homes are single level with 7400 sqft minimum lot size, this home is the only one of its floor plan in the community, enjoy several nearby family parks with pickle ball courts, biking or walking along the canal and convenient close access to freeway and many stores.

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4307 N 15th Drive Phoenix, AZ 85015

$594,600

4 Beds

2 Baths

1,629 SqFt

Status Active

MLS # 6723895

Property Type Single Family Residence

Price Type --

Welcome to this charming single-family home located in the desirable Bel Air community. It features 4 bedrooms, 2 bathrooms, and spans 1,629 square feet in a desirable area. This home offers a mix of classic appeal and modern updates. This home provides an ample outdoor space, including a private pool which has been fully updated and covered patio. The home is near schools, parks, and shopping, making it ideal for families.

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1821 W Lacewood Place Phoenix, AZ 85045

$594,500

5 Beds

3 Baths

2,904 SqFt

Status Active

MLS # 6703351

Property Type Single Family Residence

Price Type --

You'll LOVE this beautiful 5-bed, 3-bath home in the peaceful Foothills Club West! Nestled adjacent to a common area, it displays a 2-car garage, well-manicured landscape, & cozy front porch. Welcoming interior features tons of natural light, designer paint, carpet & tile flooring t/out. Perfect for entertaining, this gem boasts a living & dining room combo and an inviting family room that opens to the kitchen! The impressive kitchen has SS appliances, granite counters, recessed lighting, a pantry, espresso cabinetry w/crown molding, and an island w/breakfast bar. Versatile loft upstairs! Large main bedroom features an ensuite dual sinks & a sit-down shower. Outback, you have a covered patio, artificial turf, & well-laid travertine & solar to save! Enjoy the mountain views surrounding it. Home also features leased solar that offsets on average 53% of their utility bill!

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7314 W Surrey Avenue Peoria, AZ 85381

$594,500

5 Beds

3 Baths

2,510 SqFt

Status Active

MLS # 6719780

Property Type Single Family Residence

Price Type --

** FIRST LEVEL MAIN BEDROOM / BATH DOWNSTAIRS* also second bedroom / bath down stairs ** SWEETWATER RIDGE is where this gem lies. Meticulously cared for the past 13 years. Kitchen has been fully updated and remodeled from the original look. Newer paint throughout the home inside and out. Downstairs primary bath was remodeled in 2015 with soaking tub and separate shower. Lush carpet. Plank tile. *OVERSIZED BEDROOM UPSTAIRS with TWO CLOSETS. Outside features include RV GATE with concrete slab in front and back yard. Irrigation system for grass and plants in front and back yard. Back patio and aluminum pergola extend from one end of the home to the other end. Sunscreens throughout. Two car garage with enclosed workshop/storage. Near ASU WEST, AZ Christian University , Mid West University.

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