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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287 E Citrus Hollow Way Queen Creek, AZ 85140

$593,818

2 Beds

2.5 Baths

1,678 SqFt

Status Active

MLS # 6597679

Property Type Townhouse

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This brand new Valletta model is move-in ready! It features a spacious layout with plenty of natural light. The kitchen is fully equipped with stainless steel appliances and granite countertops. It has a gourmet kitchen, gas cooktop and will be the perfect place to entertain your guests. Both bathrooms are highly upgraded with tile surround and upgraded fixtures. The resort collection at Encanterra offers you the perfect balance if you are a seasonal owner or full time. Book your tour today and start living the good life at Encanterra now!

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11590 N 170th Lane Surprise, AZ 85388

$593,440

3 Beds

2.5 Baths

2,467 SqFt

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MLS # 6633496

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MLS#6633496 Ready Now! The Appaloosa at Paradisi Venture is a single-story floor plan that boasts 2,467 sq. ft., 3 beds, 2.5 baths, a 2.5-car garage, and a study. A captivating paver courtyard, enclosed by the home, offers privacy for relaxation or entertaining. The foyer leads you to secondary bedrooms, study and into the living area. The open layout of the gathering room, kitchen, and dining area forms the heart of the home. The gourmet kitchen features upgraded 42'' maple cabinets with undermounted lighting, white quartz countertops, & gas cooktop with double oven. The owner suite features walk-in closet, double sinks and countless design upgra Structural options include: pavers at courtyard, garage service door, gourmet kitchen, and gas line for future outdoor kitchen.

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966 E Mulberry Place -- Chandler, AZ 85286

$592,000

3 Beds

2 Baths

1,273 SqFt

Status Active

MLS # 6638729

Property Type Single Family Residence

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10018 W Verde Lane Avondale, AZ 85392

$591,900

3 Beds

3 Baths

2,485 SqFt

Status Active

MLS # 6752684

Property Type Single Family Residence

Price Type --

***TO BE BUILT*** Find your dream home at Acclaim-a Fulton homes master planned community! The Lincoln Beach is an incredible single story home with a spacious 40' RV plus 2 car tandem garage. Many included features such as gourmet kitchen, 10' ceilings, 8' doors, paver driveways, ceiling fans, 2'' faux wood blinds and much more. Customize with a 4th bedroom, a spa shower, additional electrical and much more. Buyer can select interior finishes at our incredible 13.000 sq. ft design center. Fulton homes are ''Zero Energy Ready'' and include tankless water heaters, spray foam insulation, electric vehicle ready and pre plumb for solar installation. Residents enjoy a community pool, basketball courts, pickle ball courts, sand volleyball, bocce ball, greenbelts and children's playgrounds.

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16447 W Avenida Del Sol -- Surprise, AZ 85387

$591,894

3 Beds

2.5 Baths

2,390 SqFt

Status Active

MLS # 6682671

Property Type Single Family Residence

Price Type --

The popular Deacon RV Garage+2-Car Garage floor plan, that sits on a large lot awaits yo! Some of the upgraded options are: Gourmet Kitchen W Quartz countertops, walk-in pantry, 42 inch cabinets, insulated RV Garage, walk-in Rain Shower, gas cooktop, tankless hot water heater, paver driveway/walkway to entry, pre plumb for sinks at laundry/garage.

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3450 E Pinot Noir Avenue Gilbert, AZ 85298

$591,000

3 Beds

2 Baths

1,665 SqFt

Status Active

MLS # 6742072

Property Type Single Family Residence

Price Type --

Welcome to life in Seville Golf & Country Club! This rare single level home is over 1,600 ft with an incredible upgraded back yard pool and no direct neighbors behind. This home has all the upgrades you'd prefer with open spaces from the kitchen to dining space and living room that features a fireplace. The den/office space provides flexible room and spacious primary suite is your private retreat. Make meals and memories in the kitchen with refinished white cabinets and granite counters with large island. Enjoy the summer in this backyard with a sparkling pool, hot tub and turf. All this and the amazing amenities of Seville with private golf, restaurant, water park, pickleball, tennis, fitness center, group exercise and activities for the active neighbors.

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3266 S Piedra Avenue Mesa, AZ 85212

$590,990

5 Beds

3 Baths

2,233 SqFt

Status Active

MLS # 6753314

Property Type Single Family Residence

Price Type --

A collection of brand-new single-family homes located in the master-planned community in Mesa, AZ. The community feeds into the highly rated Gilbert Public School District, making this an ideal place for growing households. There are many onsite amenities at the masterplan everyone will enjoy, including a swimming pool, basketball court, pickleball court, playground and picnic area. Commuters have easy access to Loop 202 and Phoenix-Mesa Gateway Airport for travel accommodations. This beautiful home features our platinum package including Sonoma Maple Linen cabinets and quartz countertops. Super luxury 8 x 36 plank tile flooring.

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4106 W Eli Drive San Tan Valley, AZ 85144

$590,005

5 Beds

4 Baths

2,762 SqFt

Status Active

MLS # 6748793

Property Type Single Family Residence

Price Type --

The Pacific plan offers space for the entire family. This home features 4 bedrooms upstairs with a guest bedroom downstairs. A perfect retreat for long-term guests. The spacious kitchen offers ample counter space and opens to the great room for ideal entertaining. Custom interior finishes include: matte granite countertops, shaker cabinets, custom kitchen backsplash, and natural wood-look tile flooring in all the right places.

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17934 W Porter Lane Goodyear, AZ 85338

$590,000

4 Beds

3 Baths

2,328 SqFt

Status Active

MLS # 6742016

Property Type Single Family Residence

Price Type --

Welcome to your tranquil cul-de-sac sanctuary, where every detail is designed for your utmost comfort & enjoyment. Step into the oversized backyard, a verdant oasis complete w/ a sparkling pool, lush landscaping, & vibrant fruit trees. Picture yourself lounging in the pool or entertaining guests under the Arizona sky w/ the inviting above-ground spa & built-in BBQ. Inside, the heart of the home awaits w/ a kitchen that has undergone a dramatic transformation. Refaced cabinets, exquisite granite countertops, a stylish backsplash, and a stunning granite waterfall island set the stage for culinary excellence, while upgraded appliances ensure a top-notch cooking experience. The kitchen seamlessly flows into the family rm, where a cozy fireplace awaits for gatherings w/ loved ones. This home has seen a wave of enhancements, from wood porcelain tile flooring throughout the downstairs to a new water softener and fresh exterior paint. A new roof and the addition of a saltwater hot tub further elevate the property's allure. Upstairs, the primary bedroom retreat offers breathtaking views of the Estrella Mountains from your private deck. The primary bathroom is a haven of luxury with a freestanding bathtub and spacious walk-in shower, ensuring both relaxation and practicality. Routine maintenance on HVAC systems and landscaping has been diligently performed, ensuring your home remains a haven of comfort and beauty. And with access to the incredible amenities of Estrella Mountain Ranch, including lakes, parks, trails, and golf courses, a lifestyle of leisure and adventure awaits you and your family. Don't miss the opportunity to make this dream home yours today!

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33515 N 24th Lane Phoenix, AZ 85085

$590,000

4 Beds

2 Baths

2,112 SqFt

Status Active

MLS # 6750633

Property Type Single Family Residence

Price Type --

Prime location just 4.1 miles from TSMC. This open floor plan features 4-bedrooms, 2-bathrooms in it's 2,112 sq ft of spacious living. It has 10ft ceilings and an abundance of natural light throughout. The kitchen has upgraded cabinets, granite countertops, a pantry, kitchen island with custom stone accents, breakfast nook, and a formal dining area. Enjoy cooking on the gas range or double ovens. The living room centers around a custom electric fireplace. Just outside, the covered patio leads to a beautifully landscaped backyard with grass, shrubs, and a private pool that is approximately 9x9, with remote operated heat and jets. Enjoy the putting green and ample privacy in the fully fenced backyard. The 4th bedroom offers versatility with the option of using it as a bedroom or den.

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3512 N Citrus Cove Mesa, AZ 85213

$590,000

5 Beds

3 Baths

2,294 SqFt

Status Active

MLS # 6755101

Property Type Single Family Residence

Price Type --

Beautiful 5-Bedroom, 3-Bathroom Home in a Quiet, Gated Community! This gorgeous home has been fully updated & is move-in ready! It features fresh interior paint, brand new carpet, new water softener, new water heater & new AC system. Kitchen w/ upgraded cabinets, elegant granite countertops & a spacious island that opens seamlessly to the Dining & Great Room—perfect for entertaining! Enjoy the convenience of a full Bed and Bath on the 1st floor, ideal for guests or multigenerational living. Upstairs, you'll find a laundry room & a luxurious master suite w/ a large en suite bathroom & a large walk-in closet. The home is located in a peaceful neighborhood, offers walking paths, play areas & is just minutes from the Red Mountain 202 Freeway & 20 minutes away from Sky Harbor Airport!

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937 S Abalone Drive Gilbert, AZ 85233

$590,000

4 Beds

2 Baths

1,998 SqFt

Status Active

MLS # 6713458

Property Type Single Family Residence

Price Type --

Welcome to your new home in the sought-after Islands community! This stunning property offers the perfect blend of modern luxury and serene lake living. Nestled in a well-known lake community, this remodeled 4-bedroom, 2-bathroom home boasts a split floorplan, offering privacy and convenience with 2 bedrooms and a bathroom on each level, complete with a walk-out patio. Step inside to discover the epitome of elegance with new kitchen, bathrooms, flooring, and quartz countertops. The heart of the home is the stylish kitchen featuring a central island and built-in coffee bar, ideal for both casual meals and entertaining guests. Enjoy the tranquil, lush greenbelt from your two walk-out patios, one on each floor. With a view of the community pool just across the way, and easy access to the lake for fishing or kayaking, outdoor recreation is right at your doorstep. Plus, take advantage of the nearby walking and biking paths for an active lifestyle. Located in the highly-rated Gilbert school district and close to major companies including Intel, Go Daddy, and Banner, this home offers both exceptional education opportunities and convenient access to employment hubs. Don't miss your chance to experience the best of lake living in this meticulously renovated home in the Islands community. ***Furniture to convey with sale at no additional fee for buyer****

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