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.

Click Here to See What Your Home is Worth

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.

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!

8826 W Karen Lee Lane Peoria, AZ 85382

$590,000 - 4Br/2Ba -  for Sale in Calbrisa, Peoria
New
$590,000
4 Beds
2 Baths
2,273 SqFt
Status Active Under Contract
MLS # 6760449
Property Type Single Family Residence
Price Type --
Welcome Home to this lovely 4 Bedroom, 2 bath, 3 car garage with a play pool. This home is in the Peoria School District, with a kids playground around the corner. As you enter the home its light and bright. The kitchen was newly remodeled in 2022, granite counter tops and soft closed cabinets. All new flooring in 2022, no carpet at all. Pool was just resurfaced in 2023 along with a variable speed pump. Enjoy the lovely backyard with real grass and a perfect area if you like gardening. Stop by and see your new home

8789 W Frier Drive Glendale, AZ 85305

$590,000
5 Beds
3 Baths
2,693 SqFt
Status Active
MLS # 6759762
Property Type Single Family Residence
Price Type --
*It's giving tropical!* Step into your own private paradise! This stunning home boasts a meticulously landscaped backyard featuring a sparkling pool, perfect for relaxing or entertaining. The lush greenery creates a tranquil atmosphere. The patio invites you to enjoy summer barbecues or quiet evenings under the stars. This stunning two-story home features 5 spacious bedrooms & 3 bathrooms, perfect for accommodating the whole family. With a three-car garage, you'll have plenty of room for vehicles and storage. Don't miss out on this gem!

6159 E Indian School Road Unit 104 Scottsdale, AZ 85251

$590,000 - 2Br/3Ba -  for Sale in Arcadia Green Of Scottsdale Amd, Scottsdale
New
$590,000
2 Beds
2.5 Baths
1,526 SqFt
Status Active
MLS # 6760629
Property Type Townhouse
Price Type --
Welcome to 6159 E Indian School Rd #104, a stunning 2-bedroom, 2.5-bath residence in the desirable Arcadia neighborhood. This private, well-appointed unit features two master suites, each with en suite bathrooms, perfect for comfort and convenience. Enjoy cozy evenings by one of the two fireplaces or relax on your back patio with Mountain views. With only 10 units in the community, experience a serene atmosphere just minutes from Old Town Scottsdale's vibrant dining and entertainment. This home boasts quality upgrades throughout, making it a true gem in the heart of Scottsdale. Don't miss your chance to make this your own!

533 W 18th Street Tempe, AZ 85281

$590,000
4 Beds
2 Baths
2,187 SqFt
Status Active
MLS # 6716528
Property Type Single Family Residence
Price Type --
Beautiful home with 4 Bedrooms, Two Bathrooms, and Pool. Granite Countertops, Upgraded Cabinets, and Custom Tile Work in Showers. New Flooring, Modern Light Fixtures, Dual Pane Windows, and Ceiling Fans throughout. Plenty of Room for Entertaining! Low Maintenance landscape in the front and back yard. Modern Stucco Exterior, Built in Fire Pit, Large Outdoor Sitting Area and Extend Patio, Quiet neighborhood located near terrific shopping, Tempe Entertainment, public transportation, and walking Distance to ASU.

2122 E Radcliffe Drive Tempe, AZ 85283

$590,000
3 Beds
2 Baths
1,647 SqFt
Status Active
MLS # 6757158
Property Type Single Family Residence
Price Type --
Beautifully remodeled 3 BD/2 BA in the heart of Tempe! Spacious AZ room has not been included in the listed SF (bonus of over 200 SF). Enjoy fresh interior paint in a light, bright home. Open floor plan. The kitchen boasts resurfaced counters, a breakfast bar, new light fixtures, faucet, & more. Large bedrooms. Both bathrooms have been updated with new sinks, light fixtures, faucets, medicine chests, mirrors, showerheads, and accessories. New wood look tile throughout. Back bedrooms have new ceiling fans. Large lot has room for toys & entertaining. Two car garage has a new door opener. Great location! Close to an Orbit line, freeway access, MCC, ASU, fabulous dining and shopping. No HOA.

26028 N 66th Drive Phoenix, AZ 85083

$590,000
4 Beds
3 Baths
2,119 SqFt
Status Active
MLS # 6757394
Property Type Single Family Residence
Price Type --
Location, location, location! This home has it all! In demand north Phoenix Eagle Ridge location with mountain views! Homes do not come up for sale frequently in this idyllic neighborhood. Close to shopping, schools, and parks. Multi-level open floor plan with expansive vaults and skylights to let in lots of light. Recently updated primary bath with huge walk in shower. Large yard and covered patio for entertaining. Inviting pebble-tec pool with beautiful water feature will captivate you! Outdoor southwest style fireplace to enjoy under the star filled sky at night while you grill at the built in BBQ. Large 3 car garage with expansive cabinets for storage. The main level has a convenient 4th bedroom for guests or as an in home office. More! The heart of the home, the kitchen, features multiple pantries with abundant storage and pull out drawers in convenient locations, as well as easy access to both the living room and family room. Newer high efficiency AC and air handler installed by current owner as well as water heater. This home has energy saving feature upgrades as well with newly installed premium Andersen windows and a fully owned 5KW solar system to keep your energy bills low. Durable bamboo and tile flooring in all the high traffic areas of the home as well. Your new home awaits you!

1819 W Elm Street Phoenix, AZ 85015

$590,000
3 Beds
2 Baths
1,613 SqFt
Status Active Under Contract
MLS # 6753966
Property Type Single Family Residence
Price Type --
Renovated Property with Expansive Lot, Workshop plus 3 car Garage, and Modern Updates! Welcome to this beautiful property, situated on over 1/3 acre lot, offering a rare combination of expansive outdoor space and exceptional craftsmanship. This home is a perfect blend of modern urban convenience and timeless design, making it an ideal sanctuary for homeowners seeking endless options and versatility. As you arrive, the tile roof and brick paver driveway create an inviting first impression. The property includes three RV gates for easy access and storage. Car enthusiasts will love the 5-car garage option and the detached, AC-vented workshop with water, ideal for hobbies, home business, or even a pool house! Endless possibilities with the detached space. The backyard offers a newly RENOVATED pebble-tec pool, perfect for relaxing or entertaining, with an extended patio-with viga poles providing a stylish and durable outdoor living area for year-round enjoyment. Step inside, and you'll be greeted by an abundance of natural light thanks to dual-pane windows and elegant French doors, enhancing the home's energy efficiency and adding to its overall charm. The interior has been thoughtfully updated with fresh paint and new flooring, offering a modern, move-in ready experience. The vaulted tongue and groove entrance is a show-stopping feature, highlighting the craftsman carpentry touches that give this home its distinctive character. The custom front door welcomes guests with style and sets the tone for the meticulous attention to detail found throughout the home. Additional Features: Security and privacy are paramount, and the stunning custom metal gate offers both, while also serving as a unique architectural feature. Whether you're hosting family gatherings or simply enjoying the peace and quiet of your expansive property, this home is designed to accommodate all your needs. In addition to the property's stunning features, its desirable urban location nestled near other amazing homes in Quaint Elm Street Acreages, near the heart of the Downtown Phoenix District that offers quick access to vibrant dining, entertainment, and cultural experiences. Just minutes from Sky Harbor Airport, this home provides convenience for travelers. With easy freeway access valley wide, commuting to all parts of the city and beyond is a breeze, making it the perfect home base for both work and play. This property is a rare find, offering an updated interior, expansive outdoor living spaces, and an array of functional amenities. With its huge lot, detached workshop space, 5-car garage option, newly renovated pool, and modern updates, this home has everything you need for an amazing lifestyle. Don't miss the chance to make this your forever home!

3121 W Pima Street Phoenix, AZ 85009

$590,000 - 4Br/2Ba -  for Sale in Four Boy 80 1 Thru 19, Phoenix
New
$590,000
4 Beds
2 Baths
1,471 SqFt
Status Active
MLS # 6760103
Property Type Single Family Residence
Price Type --
Investment opportunity! This property has many different potential uses. Fix up the houses and flip them, or even rent them. Depending on your desired outcome, you could remove the homes and build something else on the property. This property is zoned R-3 multifamily medium density. If you are looking for your next investment opportunity, you should look at this one.

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****

19891 W Glenrosa Avenue Litchfield Park, AZ 85340

$590,000
4 Beds
3 Baths
2,585 SqFt
Status Active
MLS # 6751846
Property Type Single Family Residence
Price Type --
**SELLER IS OFFERING UP to 35K IN CONCESSIONS** This exceptional 2019 home is a showcase of luxury and modern living, boasting top-of-the-line upgrades throughout. With 4 spacious bedrooms, 3 full bathrooms, a 3-car tandem garage, and a versatile bonus teen room, this property offers everything you could desire. The gourmet kitchen is a chef's dream, featuring pristine white cabinets with crown molding, elegant quartz countertops, a gas stove, built-in microwave, a large center island, farmhouse sink, pantry, and abundant storage. The kitchen seamlessly flows into the expansive great room, which features soaring 10-foot ceilings and a 20-foot super slider, creating a perfect harmony between indoor and outdoor living—ideal for entertaining.

Leave a Reply

Your email address will not be published.