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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1305 E Cathedral Rock Drive Phoenix, AZ 85048

$582,000

4 Beds

2.5 Baths

2,237 SqFt

Status Active

MLS # 6685809

Property Type Single Family Residence

Price Type --

Welcome to your dream home in the highly sought-after Ahwatukee Foothills! Nestled in a serene cul-de-sac, this 4-bedroom, 2.5-bathroom residence boasts 2,237 square feet of luxurious living space. As you step inside, you'll be greeted by a stunning layout, perfect for entertaining guests or simply enjoying family time. This home has a NEW ROOF with a 15 year transferrable warranty. Say goodbye to worries about roof maintenance for years to come, this not only provides peace of mind but it also adds value to your investment. The next item you won't want to miss is the updated Primary Bathroom: Indulge in luxury with the newly updated...click more to cont. primary bathroom. Featuring modern fixtures and elegant design, this spa-like retreat is your personal oasis for relaxation and rejuvenation. Out back you'll find the private Pool with Sunset Views: Escape the Arizona heat in your own private pool, where you can lounge with guests or family while admiring breathtaking sunset views over South Mountain. Desirable Location in Ahwatukee Foothills: Enjoy the convenience of living in one of Ahwatukee's most desirable neighborhoods, with top-rated schools like Desert Vista High School just moments away. Entertainer's Kitchen with Island: The heart of the home is the spacious kitchen, complete with an island and adjoining family room. Whether you're hosting a dinner party or a casual gathering, this space is perfect for creating unforgettable memories. But that's not all! This home has been meticulously updated throughout, including new carpet, interior paint, plumbing upgrades, updated lighting fixtures, and more. From the resurfaced upstairs patio to the refreshed den and bedroom closet doors, every detail has been carefully considered to ensure maximum comfort and style. Don't miss out on this incredible opportunity to own your slice of paradise in Ahwatukee.

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4198 N Spyglass Drive Florence, AZ 85132

$582,000

2 Beds

2 Baths

1,989 SqFt

Status Active

MLS # 6701840

Property Type Single Family Residence

Price Type --

Come and see this beautifully upgraded home with Stunning views on the 1st fairway of the Poston Butte Golf course in Sun City Anthem. This home has SOLAR for low energy bills Enjoy two large bedrooms, two baths and a large den complete with French doors. Hunter Douglas window treatments and ceiling fans in all rooms. Enjoy a gorgeous chefs kitchen with gas range, upgraded cabinets and granite countertops. The master bath has an oversized walk-in shower with stunning custom tile, beautiful tile flooring in all main living spaces with upgraded carpet in bedrooms. A gorgeous outdoor travertine patio gives you a spectacular golf course view, complete with lovely desert inspired landscaping, garden lighting and motorized sunshades! Enjoy the beautiful view and AZ weather all year round. There is a Golf Cart garage, complete with storage area, shelving and wall slat hanging storage system with upgraded additional LED lighting. There is also a whole house RO system and water softener, and tankless gas hot water heater. This home has a freshly painted exterior as well! Located in a wonderful community with numerous amenities, there will never be a lack of activities to participate in! Golf, Pickle Ball, tennis, biking, fitness center, pools and spas, bocce ball, clubhouse and restaurant are all just steps away! Come for a visit and stay for a lifetime! See you soon!

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2352 W Willow Breeze Road Chino Valley, AZ 86323

$582,000

3 Beds

2 Baths

1,512 SqFt

Status Active

MLS # 6728432

Property Type Single Family Residence

Price Type --

This gorgeous home sits on 3.45 acres of fully fenced property offering breathtaking views from your whole property. The large circular driveway offers more than enough room for parking and guests. The interior of the home is elegantly done, with modern finishes including tile throughout, quartz countertops and a butcher block island. Both bathrooms are well finished with tile and upgraded vanities. The large patio is a perfect place for entertaining or just enjoying the amazing views. The property also features is a large detached shop as well as being equipped for horses and other livestock with stables, tack shed and separately fenced portions of the property.

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7712 E Meadowbrook Avenue Scottsdale, AZ 85251

$582,000

2 Beds

2 Baths

1,624 SqFt

Status Active

MLS # 6712597

Property Type Townhouse

Price Type --

Experience the MOST sought after floorplan in Historic Villa Monterey - Old Town Scottsdale's most cherished, upbeat 55+ Community. Move in ready - recently renovated head to toe incl. updated sewer lines throughout. Enjoy the open & spacious living + dining area & the added sunroom for add'tl living space. Front facing kitchen w/ new, white shaker cabinets & quartz countertops, gorgeous fixtures, & new plank flooring throughout. Enjoy the fully upgraded, spa-like bathrooms that include a soaker bathtub & walk-in shower. Coveted, side gate entry & indoor laundry room are added bonuses. Well designed, low maintenance landscaping is easy to maintain. Community Pool & Spa, conveniently located to Old Town Scottsdale, Fashion Square, Parks, Restaurants & more.

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11946 W Parkway Lane Avondale, AZ 85323

New

$581,995

3 Beds

3 Baths

2,480 SqFt

Status Active

MLS # 6761545

Property Type Single Family Residence

Price Type --

The heart of this ranch-style home is an open floor plan with a family room, a breakfast nook and a large gourmet kitchen. The adjacent primary suite offers a walk-in closet and an attached bath. You'll also find two additional bedrooms and a bath, as well as a quiet study and a guest suite complete with a living area, bedroom, and private bath. Includes covered patio and a 2-car garage!

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29317 N 31st Lane Phoenix, AZ 85083

$581,990

5 Beds

3 Baths

1,953 SqFt

Status Active

MLS # 6746684

Property Type Single Family Residence

Price Type --

Special Financing Available!!!!!!!!!! This single-story home features ample space for growing families. Four bedrooms are lined up in a neat row, including the owner's suite, while an additional bedroom near the entry offers an ideal space for overnight guests. An open floorplan hosts the kitchen, dining room and Great Room with a spacious covered patio attached. Photos are renderings of a model home, not the actual home.

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18231 E Coronado Cave Court Rio Verde, AZ 85263

$581,862

3 Beds

2 Baths

1,678 SqFt

Status Active

MLS # 6630554

Property Type Single Family Residence

Price Type --

Welcome to this brand new home in the desirable Trilogy at Verde River community! This is the Valletta model and offers 3 bedrooms, 2 bathrooms, and stunning upgrades throughout! Featuring upgraded flooring, upgraded stained cabinets throughout, a R/O system, and tankless water heater. The kitchen is gorgeous with Quartz countertops and Chevron tiled backsplash! The primary suite is spacious with a lavish ensuite bathroom featuring a dual sink vanity, tiled shower, and a walk-in closet! Do not miss out on this beautiful home! The amenities at Verde River are World Class with Tom Lehman inspired eighteen-hole Golf course, tennis courts, pickleball courts, and bocce ball, heated lap pool and Resort style swimming pool, hot tub, Afterburn fitness center, Helen's demonstration Kitchen for cooking classes and a 7.5 acre dog park. The community center has casual poolside dining at Eddy's Diner and gourmet dining at award-winning Needle Rock Kitchen and Tap, Alvea Spa with full-service Salon and Spa amenities, Art Loft and events center. Trilogy at Verde River is adjacent to the Tonto National Forest and is situated in the middle of miles and miles of hiking and biking trails.

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15963 W Montana De Oro Drive Surprise, AZ 85387

$581,436

3 Beds

3 Baths

2,229 SqFt

Status Active

MLS # 6721719

Property Type Single Family Residence

Price Type --

New home ready for immediate occupancy! This single level 2229 SF single level 3 BR, plus den 3. BA home is located on a north south facing home site. Surrounded by single level homes, no 2 stories. Exciting included features include upgraded cabinets, upgraded Quartz tops, tile Kitchen backsplash, plank tile on the floors, 10' ceilings, 8' interior doors, 3 car garage, gourmet kitchen, garage service door, tank less water heater, landscape credit, and so much more. Neighborhood also includes, tree lined streets, Certified Energy Star and Indoor Air Plus for more energy savings.

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15680 W Mercer Lane Surprise, AZ 85379

$581,027

3 Beds

2.5 Baths

2,492 SqFt

Status Active

MLS # 6760233

Property Type Single Family Residence

Price Type --

Brand new home completed this November! This home is a wonderful 3-bedroom with a Den or Flex Room. The amazing kitchen / great room is open and has an oversized island. This beautiful home is under construction & backs to an open space with no direct back neighbors. There is wood plank tile throughout except for the bedrooms. Gourmet kitchen with designer hood, gas cooktop, built in oven / Microwave. & upgraded Painted Linen Cabinets, honed granite countertops, and a custom backsplash. Owner's suite has a tiled shower & Honed Granite counters & undermount sinks. Don't miss the unbelievable owner's closet. The flex room is built in so that it could easily be used as a den / playroom or home office. HOME WILL BE COMPLETE IN November. SELLER IS OFFERING RATE BUYDOWNS!

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14022 N Bolivar Drive Sun City, AZ 85351

$581,000

3 Beds

3 Baths

2,448 SqFt

Status Active

MLS # 6723831

Property Type Single Family Residence

Price Type --

This stunning house is located in a prime location and features 3brs/3bths. Spacious great room plan has an office/3rd bedroom w/ a sep. entrance. Spacious primary suite includes a washer/dryer. The guest quarters with a kitchenette are separate from the primary suite, providing privacy. The eat-in kitchen is a chef's dream, featuring custom cabinets, granite countertops, a breakfast bar, and a luxury line of Miele appliances, including a built-in refrig, dishwasher, induction cooktop, microwave, wall oven, steam oven, & coffee station. Inside laundry room and a sep storage room. Plantation shutters, dual pane windows, fans, and tile t/o (except for the primary closet) add to the home's charm. This home is ideal for those who enjoy golf course living and appreciate luxury and convenience.

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16806 W Halifax Street Surprise, AZ 85374

$580,100

4 Beds

3.5 Baths

2,825 SqFt

Status Active

MLS # 6745049

Property Type Single Family Residence

Price Type --

Easily could be called a Second Gen-Hm because it has 2 Very Lg Split Master Bedrooms. 4 Bedroom 3.5 Bathroom Single Level 2825 sq ft Home. Gourmet 21'X13' Chef's Kitchen w-built in Double Ovens & Microwave, Corian Counters, Lg Kitchen Island, Additional Cabinets+Pantry. Spacious Great Room with Lg Windows Inviting the out doors inside. Formal Dining Rm & Eat-In-Kitchen Nook. Home has a Solar System+with loan assumtion of $206 a month. Duct Work Reworked. Newer Sun Screens provide for Hi-Efficiency Ratings. The Entertaining Lg Back Yd has an Extra Lg Patio. Oversized Lot with RV gates. Home is on a Corner Lot in a Cul-de-Sac. Beautiful Grassy Basket Ball Park at the end of the Cul-de-s

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13138 N 173rd Lane Surprise, AZ 85388

New

$580,000

4 Beds

2.5 Baths

2,745 SqFt

Status Active

MLS # 6760540

Property Type Single Family Residence

Price Type --

This home combines modern luxury with everyday convenience, making it the perfect place to make your own. Located in a newly developed and highly sought-after neighborhood, this brand-new construction (2023) boasts both luxury and convenience. With 4 bedrooms, 2 bonus flex spaces, great room, chef's kitchen, and a large interior courtyard, this home offers the perfect blend of style and functionality for today's modern lifestyle. Chef's Kitchen: The heart of the home, featuring gourmet appliance package including double wall oven, gas cooktop, and drawer microwave, chic white cabinets with 42'' uppers, decorative tile backsplash, and an expansive island - ideal for culinary enthusiasts or entertaining. Large Great Room: Open and airy with plenty of natural light, perfect for family gatherings or relaxing after a long day. The 12' center-slide glass door provides direct access to the patio. Eat-In Kitchen: Spacious for hosting dinner parties, holiday feasts and gathering for family meals. Owner's Ensuite: Nestled at the back of the house and split from the other 3 bedrooms, your private retreat with a spa-like bathroom, oversized walk-in shower, double vanities, and a generous walk-in closet. 3 Additional Bedrooms: Spacious and thoughtfully designed with ample closet space. 2 Bonus Flex Spaces: Versatile areas that can be used as home offices, playrooms, or workout spaces. Large Interior Courtyard: A serene outdoor space for al fresco dining, lounging, or gardening. Across the Street from a Beautiful Park: Enjoy walking, playing, or relaxing in the lush greenery right outside your door. Minutes from Costco and Other Shopping and Dining: Convenience at your fingertips with easy access to a variety of stores, restaurants, and entertainment options. Don't miss your chance to own this gem in one of the most desirable new neighborhoods!

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