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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20245 W Catalina Drive Buckeye, AZ 85396

$579,990

4 Beds

3 Baths

2,510 SqFt

Status Active

MLS # 6686329

Property Type Single Family Residence

Price Type --

It's the beautiful Jade floor plan in the Arroyo Seco community. 4 bedrooms, 3 baths and a 2 car garage plus a large storage area. Pavers at the drive, walk and entry, Stainless steel gas appliance package with 30'' cooktop, wall oven and canopy hood. Tahoe maple slate - (gray) cabinets throughout. AZT Della Terra Quartz Linen countertops in kitchen and restrooms. Upgrade flooring includes EMS Riverside Firenza 20x20 tile in all areas of the home except bedrooms and closets. 5'' baseboards with 3 1/4'' door casings throughout. Dual sinks at bath 3. Interior two tone paint in ''Whiskers''. 8' tall garage door with two remotes, Garage service door for easy access into the back yard and so much more. Estimated completion in May.

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17041 W Jenan Drive Surprise, AZ 85378

Open House

$579,990

4 Beds

2.5 Baths

3,067 SqFt

Status Active

MLS # 6727746

Property Type Single Family Residence

Price Type --

MLS#6727746 Welcome home to the 45-RM4 in Paradisi Almeria! A beautiful 2-story floor plan that features 4 bedrooms, 2.5 baths, 3-car garage, flex room, a loft, and 3,067 square feet of living space. Upon entering the home from the porch, the foyer will take you to the flex room - perfect for a quiet office. As you continue through the foyer, you'll be taken to the open-concept kitchen, casual dining, and gathering room that seamlessly connect. You can be sure you'll never miss your favorite show or the big game while cooking up your favorite meals in the spacious kitchen. Washer, dryer and Fridge included.

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1814 W Bonanza Drive Phoenix, AZ 85085

$579,990

3 Beds

2 Baths

1,754 SqFt

Status Active

MLS # 6750112

Property Type Single Family Residence

Price Type --

Welcome to this beautifully maintained single-level 3-bedroom, 2-bathroom home, ideally situated on a desirable lot backing to a canal, ensuring no neighbors block your breathtaking desert mountain views. Nestled in the exclusive gated enclave of Cactus Crest at Fireside at Norterra, this home offers an array of top-tier amenities including a community center, heated lap pool, seasonal play pool, hot tub, fitness center, sauna, rock climbing wall, tennis and basketball courts, and fun community events. Step inside to discover soaring vaulted ceilings, a soothing neutral color palette, and wood-like plank tile flooring throughout the main living areas. The plush carpeting in the bedrooms adds warmth and comfort, while the open layout provides a sense of elegance and spaciousness. The gourmet eat-in kitchen boasts stunning countertops, a stone tile backsplash, stainless steel appliances with a gas range/oven, and a casual dining nook. The breakfast bar overlooks the inviting great room and additional dining area, making it perfect for entertaining. Step outside to your private backyard oasis where an extended tiled patio awaits, offering plenty of space to relax or entertain, all surrounded by low-maintenance landscaping and stunning sky views. The split primary owner's suite features a luxurious ensuite bathroom with an oversized walk-in shower, dual sinks, a private toilet, and a spacious walk-in closet. Two additional bedrooms share a full guest bath with two sinks, while a convenient laundry room that includes the washer and dryer round out this incredible floor plan. Conveniently located between the Sonoran Preserve and Norterra, enjoy easy access to over 14 miles of scenic trails, as well as excellent shopping, dining, and entertainment options. This home offers the best of both desert tranquility and modern amenities - truly a must-see! Don't miss this opportunity - submit your offer today!

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9423 E Steno Avenue Mesa, AZ 85212

$579,990

4 Beds

3 Baths

2,668 SqFt

Status Active

MLS # 6681193

Property Type Single Family Residence

Price Type --

This 2,668 sq ft Verbena floor plan home has plenty of space with 4 bedrooms, upstairs loft, 3 full bathrooms and 2 car garage. You'll love the convenience of a full bedroom and bathroom on the first floor. This home features the Harmony Signature palette, with 42'' white cabinets, quartz kitchen countertops, and subway tile kitchen backsplash. Stainless steel appliances (including the fridge) which makes this kitchen complete. This beautiful home will also come with a full size washer and dryer! Easy maintenance, luxurious wood plank tile is featured in all common areas with plush carpeted bedrooms and loft. Getting ready is easy with dual sinks and raised vanity in the primary suite bathroom, plus you'll love the space in your suite - large enough for a king-sized bed.

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19215 N 268th Lane Buckeye, AZ 85396

$579,990

3 Beds

3.5 Baths

2,736 SqFt

Status Active

MLS # 6737806

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. Experience immediate elegance in this move-in ready Voyage floorplan. This home features 3 bedrooms, each with its own full bath, and a versatile flex room. The owner's bath boasts a framed walk-in shower with a seat. Additional highlights include an AV built-in, a 2+ car garage plus a golf cart garage, upgraded cabinets, granite countertops, and a chef's kitchen with a 36'' gas cooktop, wall oven, microwave, and Energy Star stainless steel dishwasher. Enhanced electrical and garage hobby packages complete this sophisticated home.

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28626 N 258th Avenue Wittmann, AZ 85361

$579,900

3 Beds

2 Baths

1,900 SqFt

Status Active

MLS # 6682978

Property Type Single Family Residence

Price Type --

Sellers offer a $10,000 buyer concession or rate buy down! Brand New Modern Custom Spec built to perfection! Home is complete and move in ready. Includes oversized 2 car garage open to a 20X50ft RV Garage all nestled on over an acre of flat land with awesome mountain views. Inside home is open & bright with modern windows and front door. Kitchen is fantastic w/ island breakfast bar covered in level 3 granite or quartz. 2x6 exterior wall construction and loaded with upgrades. Bedrooms are spacious w/ master having walk in closet & bathroom with huge walk in shower. A fantastic floor plan nestled on a flat usable acre w/ awesome mountain views to the north and south. This property is located around upscale site built custom homes w underground power. No HOA!

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9070 E Gary Road Unit 102 Scottsdale, AZ 85260

$579,900

3 Beds

3.5 Baths

2,001 SqFt

Status Active

MLS # 6656661

Property Type Townhouse

Price Type --

This beautiful 3 bedroom, 3.5 bath home located in the gated community of Arroyo Madera Estates. The first floor has a large master suite with bathroom, living room with vaulted ceilings, kitchen, & half bathroom. The second floor has 2 master bedrooms with private bathrooms, a bonus room, & laundry room. The largest master bedroom has a large bathtub, separate shower, dual sinks, water closet & private balcony. The private backyard is landscaped with astroturf & stone pavers. Amazing location in Scottsdale close to shopping, entertainment and restaurants.

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5535 E Garnet Circle Mesa, AZ 85206

$579,900

4 Beds

2 Baths

2,136 SqFt

Status Active Under Contract

MLS # 6733357

Property Type Single Family Residence

Price Type --

Stonegate Estates! Single level, split floor plan, 4 bedroom, 2 bath, pebble-tech pool, 3 car garage w/workbench, on a N/S facing lot. Fresh exterior and interior paint. This home is in a great location, close to freeway access, schools, shopping, dining, and hiking/biking trails.

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3487 E Delcoa Drive Phoenix, AZ 85032

$579,900

3 Beds

2 Baths

1,595 SqFt

Status Active

MLS # 6738440

Property Type Single Family Residence

Price Type --

Wow this stunning and turn key home offers all the bells and whistles. home was used as a secondary residence and highly successful short term rentals with the reviews and revenue to prove it. home features updated kitchen, flooring, pool, jacuzzi, designer touches throughout and owner willing to sell with all furniture making this a turn key property.

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3422 E Powell Way Gilbert, AZ 85298

$579,900

5 Beds

4 Baths

2,528 SqFt

Status Active

MLS # 6743650

Property Type Single Family Residence

Price Type --

5 Bedrooms, 4 bathrooms and a loft*2 bedrooms are split downstairs, 1 with an attached bath*Upstairs bedrooms with Jack & Jill bath, Tech center hallway*Oversized master bedroom w/separate garden tub & shower, dual sinks, & walk in closet*Upgraded kitchen with white cabinets, Quartz countertops, pantry, & island open to the family room w/surround sound*Freshly painted interior w/neutral color*Recessed lighting, new carpet & new luxury vinyl t/o*Covered back patio, grass and mature landscaping*Excelling A+ rated schools Casteel Junior High & Casteel High School*Seville Golf & Country Club features pools, water-slides, private restaurant, tennis, basketball, beach volleyball, a state of the art gym, child care & more for a separate monthly payment*Close to fine dining, high end shopping... & easy access to 60 & 202 FWYS*

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1019 S Ponderosa Street Payson, AZ 85541

$579,900

3 Beds

2 Baths

1,650 SqFt

Status Active

MLS # 6700913

Property Type Single Family Residence

Price Type --

To be built custom home, construction starting soon. Build time approx. 5 months

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20616 N Ventana Drive Sun City, AZ 85373

$579,900

2 Beds

2 Baths

2,019 SqFt

Status Active

MLS # 6750555

Property Type Single Family Residence

Price Type --

Invitingly spacious & delightfully updated home featuring 2 bedrooms w/walk-in closets, 2 updated bathrooms (new walk-in shower in Primary Bath) plus office/3rd bedroom. Filled w/light, elegant finishes & many extras! A tranquil interior pallet of natural hues & tones provides an ideal setting to enjoy the SW lifestyle. Live the Arizona dream as you view stunning sunrises & sunsets from your backyard, surrounded by vibrant colorful landscaping, covered tile patio, exquisite fountain, landscape lighting & misting system that will compliment any outdoor experience. Updated kitchen w/SS appliances, RO, pull-out shelves, island w/drawers, soft close cabinets. Whole home water filtration/softener. Roof underlayment (2024). HVAC (2021). New owned solar (2024). Years w/$0 to low APS bills! Residents in the Ventana Lakes Community enjoy friendly neighbors, four pools, jetted spas, fitness center, sports courts, catch and release fishing & a variety of clubs and activities.

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