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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7723 W Willow Way Florence, AZ 85132

Open House

$587,000

2 Beds

2 Baths

2,530 SqFt

Status Active

MLS # 6750621

Property Type Single Family Residence

Price Type --

UPSCALE LIVING in luxury & comfort w/endless upgrades! Stunning curb appeal w/paver driveway, a beautifully massive iron door providing both security & elegance upon entering the home. Inside you'll find an open floor plan w/gourmet Chef's Kitchen w/all the high-end features, granite counters, pendant lights & large walk-in pantry. Kitchen opens to great room w/built in entertainment center, surround sound inside & out. Spacious office w/glass French doors. Primary suite features tile walk-in shower, double sinks w/makeup vanity & walk-in closet. 2nd bedroom w/large walk-in closet, private bathroom w/shower & raised vanity. Relax/RENEW w/the FAR INFRARED SAUNA! Covered patio w/electronic sunscreen & fireplace creates a relaxing ambiance + 6 hole putting green!! 2' Ext 2 car + cart garage!

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16687 W Saguaro Park Lane Surprise, AZ 85387

$586,990

4 Beds

3.5 Baths

2,664 SqFt

Status Active

MLS # 6742761

Property Type Single Family Residence

Price Type --

Up to 3% of base price or total purchase price, whichever is less, is available through preferred lender plus additional 3% of base price or total purchase price, whichever is less, is available to be used toward closing costs, pre-paids, rate buy downs, and/or price adjustments. This Parklane floorplan offers 4 bedrooms, 3.5 baths, a garage extension, a no-step shower, and 8' interior doors among its standout features. The home also includes built-in appliances, quartz kitchen counters, a gas stub in the kitchen for BBQs, and a laundry area equipped for a gas dryer.

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7677 W Avenida Del Rey -- Peoria, AZ 85383

$586,210

3 Beds

2 Baths

1,779 SqFt

Status Active

MLS # 6683866

Property Type Single Family Residence

Price Type --

Highly sought after Marigold floor plan single story home! is This home is already under constructed and approximate completion is estimated to be late Summer 2024 or before. This thoughtfully planed 3 bedrooms, plus a den and 2 full baths has just the right amount of space! Come home to soothing tranquility and enjoy our carefully curated designer color palette dubed ''Timeless'' for a reason! This home has great curb appeal and an open concept that is ideal for hosting and entertaining! The kitchen has an island with quartz counter tops with classic subway style backsplash, undermount sink, shaker style cabinets, natural woodplank tile, and a walk-in pantry. The dining area has a gorgeous upgraded 4-panel sliding glass door that leads you to your outdoor patio that can provide that highly desired indoor/outdoor living space. The primary room has a spacious walk-in closet, double sinks, large walk-in shower, and an additional linen closet for extra storage and so much more. Come take a tour today!

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221 E Summerberry Drive Show Low, AZ 85901

$586,000

3 Beds

2 Baths

1,801 SqFt

Status Active

MLS # 6706518

Property Type Single Family Residence

Price Type --

Construction to be finished 1st part of June. Perched among the tall pines, this charming 3-bed, 2-bath retreat boasts vaulted ceilings and an abundance of natural light, creating an airy and spacious atmosphere. The open-concept living area welcomes you with its grandeur, illuminated by sunlight streaming through large windows that frame picturesque views of the surrounding forest. Each bedroom offers a peaceful haven, while the master suite provides a luxurious escape complete with its own ensuite bath. Whether you're gathered around the fireplace in the cozy living room or enjoying dining on the sun-drenched patio, every corner of this home radiates warmth and comfort, inviting you to savor the serenity of nature's embrace. Welcome to your tranquil sanctuary in the pines.

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1750 W Dion Drive Phoenix, AZ 85086

$585,900

2 Beds

2 Baths

2,080 SqFt

Status Active

MLS # 6750657

Property Type Single Family Residence

Price Type --

Sharp 2 bedroom with a den, You will love the Beautiful airy feel of this home. The interior and exterior where painted in 2021 and new upgraded porcelain tile throughout. Hunter Douglas blinds. Spacious kitchen offers a ton of counter space for entertaining. Primary suite is Huge with beautiful appointments in the bathroom. Den offers double french doors for privacy and still an open feel. Culligan soft water system and R/O stay with the home. Come enjoy the Beautiful back yard that over looks the golf course and Mountain views. Built in BBQ and fire pit perfect for the fall evenings

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7122 E Osage Avenue Mesa, AZ 85212

$585,900

4 Beds

3 Baths

1,947 SqFt

Status Active Under Contract

MLS # 6748077

Property Type Single Family Residence

Price Type --

Looking for a new home? This fantastic 4 bed, 3 bath residence now on the market is the one for you! Featuring a charming facade w/brick veneer accents, a low-maintenance front yard w/artificial turf, rain gutters, a 2 car garage, and a welcoming front porch. Inside you will find a spacious open floor plan w/elegant wood-look tile flooring, Cox gigablast fiber, vaulted ceilings, pre-wired surround sound, recessed can lights, and custom palette throughout. The gorgeous kitchen offers 42'' cabinetry w/crown moulding & dimmable under/over lighting, a pantry, white quartz counters, extended tile backsplash, upgraded slate appliances, new single bowl stainless sink & faucet, daytime skylight w/solar nightlight, and a peninsula complete w/a breakfast bar. The large primary bedroom boasts soft carpet, a walk-in closet, and a private ensuite w/dual sinks. All bedrooms include ceiling fans, and one of them can also serve as a flex room! Finally, the lovely backyard showcases a covered patio w/an outdoor ceiling fan, drip system, cool decking, and a PebbleTec pool w/custom lighting & water feature, plus auto clean system! Don't wait any longer, act now!

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16836 E Mirage Crossing Court Fountain Hills, AZ 85268

$585,900

2 Beds

2 Baths

1,076 SqFt

Status Active

MLS # 6696664

Property Type Townhouse

Price Type --

: Exceptional Renovated 2-bedroom, 2- bathroom twin home in Fountain Hills, AZ, with its modern allure. The sunlit Arizona room seamlessly connects to a spacious covered patio, complete with a built-in-BBQ, perfect for entertaining, Your private outdoor oasis features a spool and putting green, adding an element of relaxation with meticulous attention to details, this residence offers an ideal winter retreat or Airbnb. Experience Fountain Hills and Arizona Sunsets!!

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2436 W Kachina Trail Phoenix, AZ 85041

$585,500

4 Beds

3.5 Baths

2,719 SqFt

Status Active

MLS # 6748418

Property Type Single Family Residence

Price Type --

Welcome home! Located in the desirable Southern Highlands, this stunning property combines modern upgrades with timeless comfort. This beautiful home has a RV gate and space for RV. The entire house features upgraded baseboards, casings, and custom header pediments, enhancing its architectural beauty. Throughout the home, enjoy new light fixtures (excluding the hall and guest bathrooms), and ceiling fans in key areas for added comfort. The office space is upgraded with new tile flooring, perfect for work or creativity. Additional renovations include two new toilets in the primary and guest bathrooms, a new dishwasher, and a sink disposal in the kitchen, ensuring functional elegance. The entire interior was freshly painted just a year and a half ago, giving the space a vibrant, new feel.. For security and style, all exterior entry handles and sets, including those in the primary bedroom, have been replaced and keyed alike. Also, this open layout includes tile charming archways, and a formal dining room ideal for entertaining. The great room, with its gas fireplace, invites relaxation. The kitchen is a chef's delight, featuring ample wood cabinets with a built-in wine rack, stainless steel appliances, granite counters, a desk, a walk-in pantry, and a center island with a breakfast bar. The primary bedroom boasts new laminate flooring and spacious walk-in closets, providing a private oasis. It also offers a private bathroom with dual sinks and a soaking tub. A large den provides flexibility as an office or studio. Garage also includes attached cabinets. Outside, the covered patio overlooks grassy areas and stunning mountain views, a perfect setting for relaxation or hosting gatherings. This gem is a masterpiece! Make it yours today!

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21355 E Sparrow Drive Queen Creek, AZ 85142

$585,446

4 Beds

3 Baths

2,185 SqFt

Status Active

MLS # 6753927

Property Type Single Family Residence

Price Type --

Welcome to this stunning home in Ascent at Jorde Farms, featuring numerous upgrades! Inside, you'll find a gourmet kitchen with designer cabinets, quartz countertops, and Whirlpool stainless steel appliances. The open-concept great room is ideal for entertaining. The private primary bedroom has spacious walk-in closet. This house also boasts upgraded paint and flooring, among $75K of other options and upgrades.

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32405 N 122nd Lane Peoria, AZ 85383

$585,385

4 Beds

3 Baths

2,373 SqFt

Status Active

MLS # 6748747

Property Type Single Family Residence

Price Type --

MLS#6748747~January Completion! The Erikson floor plan at Mystic Discovery exemplifies open concept living and is perfect for entertaining on both floors! The first floor is the heart of the home, with an open main living area that holds a spacious gathering room with a casual dining area and an open kitchen. The designer kitchen features a large island and step-in pantry. A downstairs guest bedroom is located at the front of the home which is perfect for overnight guests. Upstairs, the owner's suite features a garden tub and shower and a spacious walk-in closet. A loft and two additional bedrooms and the laundry room round out this lovely home. Structural options include: paver front porch, 2' garage extension, super shower at owner's bath, and soft water loop.

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3621 W Linda Lane Chandler, AZ 85226

$585,000

3 Beds

2 Baths

1,616 SqFt

Status Active Under Contract

MLS # 6759126

Property Type Single Family Residence

Price Type --

STYLISH and CHARMING describes this 3 bedroom/2 bath single level GEM nestled in the highly coveted neighborhood of Chandler's Cottonwood Ranch. This very special home has all the details needed for a truly comfortable lifestyle! Situated on a quiet interior street buffered by one story homes on each side, this home has undergone impressive updates! Enjoy the COMPLETELY REMODELED KITCHEN with 42'' white shaker cabinetry, beautiful quartz counters, stainless appliances and an oversized island that can seat everyone! HOME IMPROVEMENTS COMPLETED IN THE LAST FOUR YEARS: 4'' wood shutters throughout, AC unit (2021) wood-like plank flooring, interior/exterior paint for a fresh look, backyard sod, irrigation, sprinkler system and pavers, water heater (2020) pool pump (2019) and neutral carpet in all bedrooms. This home has definitely been loved! Large windows and high ceilings throughout the home bring in natural light and enhance the spacious areas. The formal living room, dining room and family room offer flex spaces to design living areas to suit your needs. The delightful primary bedroom is generous and has a walk in closet with ample space. The primary bathroom has a separate glass shower and soaking tub and secondary bedrooms are sizable, one with custom wainscoting. Step into your beautiful and very private backyard with a sparkling play pool and NEW removable pool fence. You'll enjoy relaxing and entertaining in your spacious grassy area with plenty of space to play, covered patio and a pavered area for your BBQ. Community features include neighborhood parks and peaceful walking paths with nicely landscaped common areas. Enjoy a premier location to the 101, 202 and I-10 freeways, award winning Kyrene schools, shopping, restaurants and Desert Breeze Park. With its desirable features, prime location and spacious layout, this Chandler area gem presents a rare opportunity to live in a special place you can proudly call HOME. Get ready to FALL IN LOVE!

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25230 S Lakeway Drive Sun Lakes, AZ 85248

$585,000

3 Beds

2 Baths

1,877 SqFt

Status Active

MLS # 6747600

Property Type Single Family Residence

Price Type --

RARE find, 3 bdrms & 2 baths + a den. This lake front home offers a panoramic view, providing a serene & picturesque setting. The renovated kitchen showcases soft-close staggered raised panel maple cabinetry, a spacious island, W-I pantry, SS Frigidaire Professional appliances creating a functional & modern cooking space. The great room offers a cozy fireplace with stone accents & den provide additional living areas. The primary bdm is thoughtfully designed with 2 closets (1 W-I) granite countertops, dble sinks, & W-I shower, & looks out on the lake. The 2.5-car garage offers additional storage, including room for a golf cart & a utility sink. The home is located within an active adult community of Sun Lakes Country Club, with golf course, club house, pickle ball, tennis, pools and more

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