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

3225 N Lost River Drive Camp Verde, AZ 86322

$590,000
4 Beds
3 Baths
3,640 SqFt
Status Active
MLS # 6727355
Property Type Single Family Residence
Price Type --
With a compelling offer, the seller is prepared to contribute to the buyer's interest rate buy-down or concessions. Updated 4 Bed, 3 Bath Home on 2 separate Parcels totaling over an Acre of Land. Brand New 2024 Roof. Brand New 2024 HVAC. All New LVP flooring & Fresh Carpet. Kitchen Boast New Quartz Countertops, Stainless Steel Appliances, & Tile Backsplash. Master Bedroom features Custom Walk-In shower, His & Her sinks, & Barndoor entry. New Light fixtures and Contemporary Fans throughout. Freshly Painted Inside & Out. Great for Animals or Extra Toys/RV's. Just Blocks away from the Verde River - Excellent Location!

7908 W Harmony Lane Peoria, AZ 85382

$590,000
3 Beds
2 Baths
2,005 SqFt
Status Active
MLS # 6690425
Property Type Single Family Residence
Price Type --
Single story home, 3 car garage, corner lot with Heated Pool and Spa with controls on your phone. Bright and open kitchen with white cabinets, quartz countertops, and stainless appliances. Luxury vinyl floors. Large master with vaulted ceilings, walk-in closet, dual sinks, separate shower and soaking tub. New interior paint. Guest bathroom has dual sinks. Vaulted ceilings Living Room and Family Room with a gas fireplace. HVAC 2020. Plantation Shutter. North/South Exposure. Pool heater 1.5 years ago, automation replaced and has app on your phone to control. North/South exposure

706 E Washington Street Unit 128 Phoenix, AZ 85034

$590,000
2 Beds
2.5 Baths
1,880 SqFt
Status Active
MLS # 6732346
Property Type Townhouse
Price Type --
Welcome to urban living at its finest in this modern and stylish loft in the heart of downtown Phoenix. Within walking distance of event centers, fine dining, the lightrail, and so much more, this industrial-chic loft features an open floor plan with soaring ceilings, large luxury tile floors, and big windows that flood the space with natural light. The sleek kitchen boasts stainless steel appliances, granite countertops, and plenty of cabinet space for all your culinary needs. The spacious bedrooms offer a private retreat with 2 bathrooms. Enjoy the convenience of in-unit laundry and a designated parking space as well as a secure 1 car garage. Outside, this corner unit has its own private side yard perfect for pets. The third story patio offers views of Chase Field, Phoenix skyscrapers, and perfect for enjoying our spectacular Arizona sunsets.

3885 E Juanita Avenue Gilbert, AZ 85234

$590,000
4 Beds
2 Baths
2,074 SqFt
Status Active
MLS # 6750086
Property Type Single Family Residence
Price Type --
Beautifully Remodeled Single-Level Home in Desirable Gilbert Location! This stunning single-level home features 4 bedrooms, 2 bathrooms, and a 2-car garage in the quiet community of Carol Rae Ranch. Recently remodeled, the home showcases new wood tile floors, baseboards, carpet, fresh interior paint, updated hardware, and more. The kitchen boasts modern updates, including new quartz countertops, freshly painted cabinets, and stainless steel appliances, making it both stylish and functional. Conveniently located with quick access to State Routes 202 and 60, this home is near excellent schools, hiking and biking paths, shopping, dining, and all the amenities that make Gilbert such a sought-after location.

3677 E Park Avenue Gilbert, AZ 85234

$590,000
3 Beds
2 Baths
1,450 SqFt
Status Active
MLS # 6757367
Property Type Single Family Residence
Price Type --
Welcome to this stunning home in the highly desirable Gilbert neighborhood of Higley Groves! Nestled on a lush tree-lined street across from the local school, this home offers both charm and convenience. Inside, you'll find a beautifully upgraded kitchen with quartz countertops, new stainless steel appliances, a stylish farm sink, abalone backsplash, and refinished cabinets with new hardware. The master suite features double sinks and a walk-in shower, while upgraded tile flooring throughout, 5-inch baseboards, and fresh paint enhance the modern feel throughout the home. New ceiling fans with remotes are hung in every room. Garage floors have beautiful epoxy finish. Wood shelving in garage will convey, however, wood workstation will not convey. Step outside to your backyard oasis with new pavers, a sparkling pool, and a heated Jacuzzi perfect for relaxing or entertaining. Both the pool pump and spa heater were replaced within the last year for worry-free enjoyment. The front courtyard, also with new pavers, offers an inviting space to unwind. Additional newly poured concrete slab in the driveway offers extended parking to the future homeowner. Blackout sunscreens on the windows provide relief from the beautiful Arizona sun when enjoying the calm interior of your new home. This low-maintenance home is ready for you to move in and enjoy! TVs and TV mounts do not convey.

810 E Cavalier Drive Tempe, AZ 85288

$590,000
4 Beds
2 Baths
2,043 SqFt
Status Active
MLS # 6722431
Property Type Single Family Residence
Price Type --
SELLER IS NOW OFFERING $10,000 TOWARDS BUYER'S CLOSING COSTS, OR TOWARDS AN INTEREST RATE BUY-DOWN! Extensively renovated, this 4-bedroom home also boasts a large bonus room and sits in an incredible location with access to Tempe Town Lake offices, ASU campus, Sky Harbor Airport, and Old Town Scottsdale, all within 10 MINUTES. This beautiful home has been masterfully remodeled including all new plumbing, major electrical upgrades (courtesy of a licensed plumber and electrician), new flooring throughout, entirely new bathrooms, new interior and exterior paint, new interior trim, multiple new windows, and both front and rear landscaping. At over 2,000 square feet plus an exterior storage room, this spacious property could become a wonderful home or investment property.

303 W Columbine Road Christopher Creek, AZ 85541

$590,000
4 Beds
2 Baths
2,274 SqFt
Status Active
MLS # 6692998
Property Type Single Family Residence
Price Type --
Your serene woodland retreat awaits! This charming cabin is located in the Prestigious Christopher Creek Park tucked perfectly behind a gate for added privacy. This cabin offers a brand new fence along the 1/3 acre lot it sits on, lush plants, flowers & fruit trees including barlett pear, honey crisp apple & peach all on irrigation! Cozy up to a fire while gazing through your expansive bay window in your living room. This 4bed/2 bath/2 car garage features a newly built loft, remodeled upstairs including plumbing/electric. Full size kitchen, walk in pantry, dining area & enclosed sun room. 5 decks to take in nature's beauty! Brand new roof w/ 10 year warranty, Brand new light exterior light fixtures. (2024) Exterior Paint done in (2023) Do not miss this amazing opportunity! Call Today!

16585 W Harrison Street Goodyear, AZ 85338

$590,000
5 Beds
3.5 Baths
2,764 SqFt
Status Active
MLS # 6679972
Property Type Single Family Residence
Price Type --
Sellers are VERY MOTIVATED! Lets negotiate for this dream home. Open and bright concept creates an inviting atmosphere, perfect for family and friends. The chef's kitchen is a true masterpiece, featuring new soft-close cabinets, quartz countertops, a stunning island, and top-of-the-line digital appliances backed by a 2-year warranty. With new recessed lighting illuminating every corner, culinary delights await. Throughout the entire home, new flooring adds a touch of luxury and comfort. The spacious master bedroom and oversized secondary bedrooms offer ample space for relaxation, walk-in closets and bathrooms adorned with rain showerheads and custom glass doors. 2 large living rooms. Heated pool and more This is what you would call a meticulously upgraded home which embodies modern luxury and comfort, boasting a plethora of exquisite features and thoughtful enhancements throughout. From the moment you step inside, you'll be captivated by the seamless blend of style and functionality. Upon entry, you're greeted by the warmth of new matching luxury vinyl floors that span the entirety of the home. The kitchen has been transformed into a culinary haven, featuring extended quartz countertops, an expanded island, and an abundance of upgraded cabinets with soft-closing doors. Brand new digital appliances, backed by a 2-year warranty, elevate the cooking experience, while the newly installed range hood ensures a pristine culinary environment. The main level also showcases a fully remodeled bathroom, complete with a stunning all-tile walk-in shower, rain showerhead, and sleek glass door, offering both elegance and convenience. Upstairs, the master suite beckons with its upgraded flooring and a spa-like ensuite bath featuring an extended walk-in shower, rain showerhead, and dual niche boxes. Additional upgrades in the upstairs bathroom include a new tub, retiled shower, and a niche box, ensuring both comfort and style. Throughout the home, recessed lighting illuminates each space, creating a welcoming ambiance and highlighting the exquisite craftsmanship of the upgrades. Outside, the serene backyard provides an oasis for relaxation and entertainment, offering the perfect retreat from the hustle and bustle of daily life. Not to be overlooked, the garage boasts a new door system with lifetime warranty springs, ensuring both security and peace of mind. Located in a sought-after neighborhood and meticulously crafted to perfection, this home is a true masterpiece not to be missed. Schedule your showing today and experience the epitome of modern living!

16048 W Mercer Lane Surprise, AZ 85379

$590,000
5 Beds
3 Baths
3,451 SqFt
Status Active
MLS # 6715329
Property Type Single Family Residence
Price Type --
Check out the Great Curb Appeal at this Nice 5 bedroom, 3 bath, 3451 sq. ft., 3 car garage home in Greer Ranch South, Surprise, AZ. Low maintenance front yard leads you to the front door. Vaulted ceilings and large rooms greet your entry to this home along with a spacious open eat-in kitchen granite counter tops, stainless steel appliances and ample cabinet space. Looking for a formal dining space? Found! Relax and hide in the Great Room downstairs or the spacious upstairs Media Room. Large Primary Suite with a large walk in closet, private bath with separate shower and tub. The backyard includes a covered patio and a pool to keep you cool. The seller will consider a seller concession request from the buyer to assist in the purchase (or customization) of this property.

17811 W Lilac Street Goodyear, AZ 85338

$590,000
4 Beds
2.5 Baths
3,070 SqFt
Status Active
MLS # 6729808
Property Type Single Family Residence
Price Type --
**SELLER TO PAY OFF SOLAR LOAN AT CLOSE**Welcome to your dream home! This beautiful 2020 built home features 4 bedrooms, 2.5 bathrooms, and is ready for you to make your home. Stepping inside, you're welcomed into an open-concept living area that is perfect for gatherings and everyday living. Moving into the upgraded kitchen and dining area, you'll see modern finishes, freshly painted cabinets, and plenty of space for cooking on your gas stovetop and a large island for entertaining. Tucked away is a large second living space, perfect for a playroom, office, or teen room. Upstairs, you will find a spacious loft, 4 bedrooms, and laundry room. The upgraded primary suite is a true retreat, featuring a custom modern barn door, walk-in shower, and upgraded closet. The backyard is an entertainer's dream, with plenty of room for a pool, room to relax, and enjoy Arizona living. Don't miss this amazing home close to restaurants, shopping, and schools!

2390 S Walnut Drive Chandler, AZ 85286

$590,000
4 Beds
2 Baths
1,833 SqFt
Status Active
MLS # 6752166
Property Type Single Family Residence
Price Type --
* CHANDLER STUNNER * GORGEOUS CLEMENTE RANCH * NEWER ROOF * NEWER PAINT * BRAND NEW AC * BRAND NEW HOT WATER HEATER * RESORT LIKE BACKYARD * BUILT IN BBQ * 4 BED * 2 BATH * NEW SS APPLIANCES * 2 CAR GARAGE * EPOXY COATED GARAGE * CLOSE TO INTEL * CLOSE TO MICROCHIP * CLOSE TO MALL * CLOSE TO 101 * CLOSE TO 202 * GET IT BEFORE ITS GONE! *

2978 E Palmdale Lane Gilbert, AZ 85298

$590,000 - 3Br/3Ba -  for Sale in Seville Parcel 37b, Gilbert
Open House
New
$590,000
3 Beds
2.5 Baths
2,106 SqFt
Status Active
MLS # 6761239
Property Type Single Family Residence
Price Type --
Come see this beautiful home in Seville and all its updates! Starting with new upstairs flooring, new LG fridge, gas range and microwave, and a new water heater too! Epoxy floors in garage. This spacious two story home features double-height formal dining and living room with striking natural light. Kitchen island and countertops are all granite. Powder room and full laundry found on first floor. Relax in your large primary bedroom and enjoy the fantastic loft or bonus room. Mountain views, and next to a community park. Prime location close to Gilbert Regional Park, great schools and shopping. Membership to Seville Country Club may be acquired separately.

Leave a Reply

Your email address will not be published.