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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1740 W Saragosa Street Chandler, AZ 85224

$579,999

3 Beds

2 Baths

1,779 SqFt

Status Active Under Contract

MLS # 6733824

Property Type Single Family Residence

Price Type --

BEAUTIFUL REMODELED 3 BEDROOM 2BATH HOME. PREMIUM CORNER LOT ** NEW ROOF ** 10' CEILINGS ** CAN LIGHTING ** NEW CEILING FANS ** NEW CERAMIC TILE** NEW QUARTZ COUNTERTOP. GAS FIREPLACE WITH BEAUTIFUL STONE AROUND ** NEW APPLIANCES ** PEBBLE TEC POOL WITH ROCK WATER FALL ** EXTRA COOL DECKING ** FAUX FLAGSTONE PATIO FINISH ** MIRRORED DOORS TO HUGE WALK-IN MASTER BEDROOM CLOSET ** SIDE ENTRY GARAGE WITH SERVICE DOOR ** SEPARATE TUB & TILE SHOWER ** ** LARGE MASTER BEDROOM W/ SITTING ROOM AREA ** SECOND BATH TILE SHOWER WITH NEW GLASS DOOR. NEW VANITIES. NEW LIGHT FIXTURES. NEW BASEBOARD. NEW CARPET IN BEDROOMS. NEW PAINT INSIDE AND OUT AND MORE. EASY ACCESS TO SHOPPING & 101 FREEWAY

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4404 W Villa Linda Drive Glendale, AZ 85310

$579,999

4 Beds

2.5 Baths

2,380 SqFt

Status Active Under Contract

MLS # 6739128

Property Type Single Family Residence

Price Type --

Imagine yourself living in this beautiful two-story residence. Inside, you'll find two levels of inviting interiors, blending comfort and functionality. The home's striking curb appeal is highlighted by its modern design, with a beautiful grey exterior. A grand entrance, where high ceilings and large windows create a bright and inviting atmosphere. Includes a versatile den that's perfect for a home office, ideal for today's work-from-home lifestyle. Step into your private backyard oasis, perfect for both relaxation and entertainment. The expansive yard is adorned with lush green grass, mature fruit trees, and meticulously maintained landscaping. A highlight of this outdoor space is the sparkling pool and spa, offering a serene retreat for sunny Arizona days.

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27096 W Burnett Road Buckeye, AZ 85396

$579,999

2 Beds

2.5 Baths

2,527 SqFt

Status Active

MLS # 6692778

Property Type Single Family Residence

Price Type --

Desert Charm: Your Oasis Awaits! With captivating desert landscaping enhancing this home's curb appeal, the inviting paver entrance leads to a charming courtyard, setting the stage for relaxation and tranquility. The open floor plan boasts an oversized great room, freshly painted with high ceilings and a wet bar adjacent to the living area, perfect for entertaining. The spacious kitchen offers beautiful cherrywood cabinetry, stainless steel appliances, and large pantry. Enjoy formal dining in the great room or casual meals at the breakfast bar illuminated by pendant lighting. Retreat to the expansive primary ensuite, offering a separate tub and shower, dual sink vanity, and a generous sized closet. Another bedroom with its own bath plus a den/office provide flexibility and space for guests or hobbies. Outside, the backyard oasis features a built-in BBQ, covered patio with a ceiling fan and misters, plus a fire pit surrounded by built-in seating, all amidst the serene desert landscaping. Experience the ultimate in resort-style living with access to a wealth of amenities and activities offered in the vibrant 55+ community of Sun City Festival, including pickleball, tennis, swimming pools, a gym, and golf at the nearby Copper Canyon Golf Club. Enjoy resort-style living in this entertainer's dream home!

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19516 N 71st Avenue Glendale, AZ 85308

$579,999

4 Beds

2.5 Baths

3,035 SqFt

Status Active

MLS # 6752071

Property Type Single Family Residence

Price Type --

INVESTOR SPECIAL!!! WILL GO FAST! Incredible 4-bedroom residence backing the golf course in the highly desired Arrowhead Ranch Community! This two-story gem provides a brick-accented façade and a 3-car garage. Immaculate interior has high vaulted ceilings, soft carpet throughout, surround sound speakers in the formal living/dining room, and wood floors in the right areas. Cook delicious meals in the beautiful kitchen equipped with built-in appliances, a center island for prep, plenty of cabinets, ample counters, and a breakfast bar. The main bedroom is downstairs for added comfort, offering private backyard access, dual walk-in closets, and a full bathroom with two sinks in the L-shaped vanity. New roof was installed 3 years ago. This home will be beautiful with a face lift!

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4324 W Orchid Lane Glendale, AZ 85302

$579,998

3 Beds

2 Baths

2,237 SqFt

Status Active Under Contract

MLS # 6755871

Property Type Single Family Residence

Price Type --

A stunning and completely renovated home boasts an open floorplan, 3 bedrooms, 2 bath and a Den with 2237 sqft, 2 car garage with a large backyard RV gate & parking, large lot room for all the toys and a sparling pool with covered patio. The kitchen comes with stainless-steel appliances, quartz countertops and brand-new white shaker cabinets. Brand new vinyl wood flooring & upgraded carpet throughout the home. Enjoy the fully upgraded, spa like bathrooms with high end shower system, framed mirrors, shower niche, and custom vanities. Brand new water heater. Located in a lovely desirable neighborhood located close to shopping, parks, schools, and dining. No HOA's A Must see

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720 E Aurora Drive San Tan Valley, AZ 85140

$579,990

3 Beds

2.5 Baths

2,094 SqFt

Status Active

MLS # 6755660

Property Type Single Family Residence

Price Type --

This Santa Rosa plan offers 3 bedrooms, 2.5 baths, and a versatile FLEX room, perfect for a home office or peaceful retreat. Part of our signature Classics ''Looks'' interior collection, the kitchen boasts a spacious island with breakfast bar, White Cabinets, and Quartz Countertops. The open great room and dining area flow seamlessly to an oversized covered patio, ideal for indoor/outdoor living. Enjoy the convenience of our unique HovHub with a built-in desk as a drop zone near the garage entry. The Primary suite features a luxurious resort-style bath and a spacious walk-in closet. ^^^Up to 6% of Base Price can be applied towards closing cost and/or short-long term interest rate buydowns when choosing our preferred Lender. Additional eligibility and limited time restrictions apply.

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32001 N 117th Avenue Peoria, AZ 85383

$579,990

3 Beds

2 Baths

1,486 SqFt

Status Active

MLS # 6755152

Property Type Single Family Residence

Price Type --

It's the Acacia being built at our newest community of Mystic in Peoria. Barnett Maple Latte cabinets throughout with 42'' kitchen uppers soft close drawers and doors in the kitchen. Wood laminate floor Casita Court with 5'' baseboards and 3 1/4'' door casings in all areas of the home except beds/closets. Large walk in shower at owner's bath with tile on the surrounds and floor. Stainless steel gas appliances including a 30'' cooktop and glass canopy hood. Pavers at drive, walk and entry. Tile in tub & shower surrounds in Bath 2. Amenity Rich Mystic includes a Resort Style community pool, Rec center with year-round events, Hiking paths & community parks. The perfect location- close to shopping, restaurants, golf, Lake pleasant and the loop 303.

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22685 E Saddle Way Queen Creek, AZ 85142

$579,990

3 Beds

2.5 Baths

2,506 SqFt

Status Active

MLS # 6740903

Property Type Single Family Residence

Price Type --

**This is a TO-BE-BUILT LISTING, this home is ready for personalization and can be built on your choice of homesite. This is an advertisement of our base price for this elevation and lot premiums may apply** Welcome to Ashton Woods newest community in Queen Creek - Madera Marquis - which features outstanding community amenities and convenient access to the 24 freeway and shopping. The open concept Topaz plan is highly sought after and is the decorated model floorplan with 3 bedrooms and 2.5 baths. Options for structural upgrades include adding a butler's pantry, teen room, 12'' sliding glass door and so much more. This home includes an open concept kitchen with granite countertops, 42'' upper cabinets, and stainless steel appliances . Amazing spa like primary suite with dual vanities, ample linen storage and separate tub and shower. This floorplan is accompanied by an oversized den and sizable secondary bedrooms. This home comes standard with 10' ceilings, front yard landscaping, paver driveway, and much more! ~There is a minimum option spend requirement on new build homes, please reach out to the sales office for additional details.~

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611 E Aurora Drive San Tan Valley, AZ 85140

$579,990

4 Beds

3 Baths

2,568 SqFt

Status Active

MLS # 6708527

Property Type Single Family Residence

Price Type --

Edgewood Villas by K. Hovnanian Homes is a beautiful single-story community in the Queen Creek Corridor. This Warren plan home features Loft inspired curated interior selections. Cooking will be a breeze in the upgraded kitchen with Admiral Blue Cabinetry accented with floating shelves, White Quartz counters, and appliance pkg. including a gourmet Bosch cooktop. The open great room is perfect with a large sliding glass door that brings the outdoors in. A Media Room is perfect for Movie night or a flex room. Relax in the Primary Suite with a spa like bath featuring dual vanities and a freestanding soaking tub. ^^^Up to 6% of Base Price can be applied towards closing cost & limited time restrictions apply. The home is a Department of Energy certified ''Zero Energy Ready Home'' with solar prewire and an EV charging outlet.

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728 E Aurora Drive San Tan Valley, AZ 85140

$579,990

5 Beds

3 Baths

2,144 SqFt

Status Active

MLS # 6721268

Property Type Single Family Residence

Price Type --

Discover Edgewood Villas located in the Queen Creek Corridor. This home features a beautiful kitchen, artfully designed with Dark grey cabinets and marble inspired Quartz counters, surrounding a large island perfect for entertaining. The adjacent dining area and great room are illuminated by a 12' multi-slide door that merges indoor and outdoor spaces. Unwind in the primary suite, complete with a resort like bath appointed with a walk-in shower and tub for ultimate relaxation. Convenience meets functionality with an attached 2-car garage, providing ample space for vehicles and tools alike. ^^Up to 6% of Base Price can be applied towards closing cost and/or short-long term interest rate buydowns when choosing our preferred Lender. Additional eligibility and limited time restrictions apply.

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5628 W Paseo Way Laveen, AZ 85339

$579,990

4 Beds

3.5 Baths

2,623 SqFt

Status Active

MLS # 6740493

Property Type Single Family Residence

Price Type --

''Discover the perfect blend of style and functionality in The Jade, a meticulously designed 4-bedroom, 3.5-bath home offering just over 2,600 square feet of luxurious living space. This stunning residence features a striking modern desert exterior with a charming paver driveway, setting the stage for a refined and welcoming interior. Step inside to be greeted by a beautifully appointed formal dining room, enhanced by a convenient butler's pantry, ideal for seamless entertaining. The heart of the home, the kitchen, is a chef's delight with its sleek 42-inch upper cabinets. The kitchen island contrasts elegantly with gray cabinetry and is complemented by matte black hardware, while the pristine white quartz countertops and neutral gray backsplash add a touch of sophistication. Top-of-the-line stainless steel appliances, including a refrigerator, gas stove, microwave, and dishwasher, are perfectly paired with a single-bowl stainless steel undermount sink and an upgraded faucet for a contemporary finish. Enjoy the convenience of 6x36 wood-like tile flooring throughout the main areas, paired with 9-foot ceilings and 8-foot interior doors that enhance the sense of space and openness. The expansive living room features a large 4-panel sliding glass door that seamlessly connects indoor and outdoor living, offering a light-filled, airy ambiance. The layout is thoughtfully designed with secondary bedrooms positioned at the front of the home, providing a private retreat for family or guests. The serene primary suite, tucked away at the back, is a true sanctuary. It boasts a spacious layout and an indulgent bathroom with dual square sinks, quartz countertops, and upgraded matte black fixtures. Quartz surrounds for the shower and countertops add a luxurious touch to your daily routine. Additional features include a 3-car garage with a convenient garage door opener, pendant prewiring in the kitchen, and a washer and dryer for added convenience. With its blend of modern amenities and thoughtful design, The Jade offers the perfect setting for comfortable and stylish living. Experience the refined elegance of The Jade Floorplanwhere every detail is designed with your comfort and convenience in mind.

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20233 W Catalina Drive Buckeye, AZ 85396

$579,990

4 Beds

2.5 Baths

2,224 SqFt

Status Active

MLS # 6655189

Property Type Single Family Residence

Price Type --

It's the stunning Crimson and it's nearly complete. 3 bedrooms + flex space to use as you wish, 2.5 baths and a 3 car tandem garage. Large walk-in shower at owner's bath, Multi slide door that leads out to the extended covered patio which is perfect for entertaining. Pavers at drive, walk and entry. Stainless steel gas double oven with a 36'' cooktop and canopy hood. 42'' kitchen upper Espresso cabinets and Himalaya white granite countertops in kitchen and at the enhanced kitchen island. Upgrade flooring includes EMS Baccarat 12x24 tile in all areas of the home except bedrooms/closets. 5'' baseboards and door casing throughout. Dual sinks at bath 2. Stub out for future BBQ, garage service door, 8' tall garage doors, preplumb for soft water and so much more.

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