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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41309 N Belfair Way Anthem, AZ 85086

$579,825
3 Beds
2 Baths
2,039 SqFt
Status Active
MLS # 6673215
Property Type Single Family Residence
Price Type --
3.5% ASSUMABLE MORTGAGE AVAILABLE UPON APPROVAL .Welcome to your oasis in Anthem Country Club, nestled in the picturesque community, this charming residence at 41309 N Belfair Way offers an exceptional blend of comfort, style, and convenience. With 2 bedrooms, 2 bathrooms, 1 office and spanning 2039 square feet, New Roof in 2023 and New AC unit in 2015 are just a couple of the many updates in the home. As you approach the property, you're greeted by its captivating curb appeal. A meticulously manicured front yard invites you into a world of tranquility and serenity. Step inside, and you'll be enchanted by the seamless fusion of contemporary design and timeless elegance. The heart of the home is the spacious living area, where natural light floods through large windows, creating a warm The open-concept layout, adding a touch of sophistication to the space. Whether you're unwinding after a long day or entertaining guests, this versatile area effortlessly adapts to your lifestyle needs. The gourmet kitchen is a culinary masterpiece, equipped with top-of-the-line stainless steel appliances, sleek granite countertops, and ample cabinet space. From morning brunches to gourmet dinners, cooking here is a delight for any aspiring chef. Retreat to the luxurious master suite, where relaxation awaits. Featuring plush carpeting, a walk-in closet, and an ensuite bathroom complete with a spa-like soaking tub, this private sanctuary is your personal haven from the stresses of everyday life. The additional bedroom offers comfort and versatility, perfect for accommodating guests or setting up a home office. A second full bathroom ensures convenience and privacy for everyone. Step outside to your own private paradise. The expansive backyard beckons with lush landscaping, a covered patio, and plenty of space for outdoor entertaining. Host summer barbecues, enjoy al fresco dining under the stars, or simply soak in the Arizona sunshine in your own private retreat. Located in the prestigious community of Anthem Country Club, this home offers unparalleled amenities and conveniences. Enjoy access to world-class recreational facilities, including sparkling pools, tennis courts, and scenic walking trails. With shopping, dining, and entertainment options just minutes away, everything you need is right at your fingertips. Don't miss this rare opportunity to make this Anthem gem your own. Whether you're starting a new chapter or looking for the perfect place to call home, 41309 N Belfair Way offers the ultimate blend of luxury, comfort, and style. View this gorgeous home today and experience the epitome of Arizona Country Club Living!

8305 W Pioneer Street Tolleson, AZ 85353

$579,821
5 Beds
3 Baths
3,244 SqFt
Status Active
MLS # 6756752
Property Type Single Family Residence
Price Type --
Make yourself at home in this beautiful 5-bedroom haven with a 3-car garage in Tolleson! Large living & dining room and the desirable great room are meticulously designed for relaxation and entertaining. High vaulted ceilings, plantation shutters, and wood-look tile flooring add to the overall appeal. Open-concept kitchen boasts ample white shaker cabinets, a pantry, tile counters & backsplash, a center island with a breakfast bar, and stainless steel appliances. You'll also have a den/office and a cozy loft ideal for a reading nook. HUGE main retreat provides double door entry, media niches, an ensuite with dual sinks, and a walk-in closet. Surely to impress with the wonderful backyard equipped with a covered patio, gazebo, and a refreshing pool for endless summer fun. Don't miss it!

14313 W West Wind Drive Surprise, AZ 85387

$579,750 - 3Br/3Ba -  for Sale in Rancho Mercado, Surprise
Open House
$579,750
3 Beds
2.5 Baths
2,581 SqFt
Status Active
MLS # 6755173
Property Type Single Family Residence
Price Type --
Welcome to this stunning HIGHLY upgraded home! Built in 2020, this contemporary residence features a sparkling POOL & has the perfect combination of modern design and comfortable living. Ideal for families or those who love to entertain. Step into the spacious open-concept living area, featuring high ceilings and large windows that fill the space with natural light. The seamless flow between the great room, dining area, and kitchen create an ideal setting for both daily living and entertaining. The chef's kitchen boasts sleek countertops, with two large center islands with bar seating and ample cabinet space. The primary bedroom is a true retreat, offering plenty of space, a walk-in closet, luxurious en-suite bathroom with dual sinks, a soaking tub, and a separate shower.

12015 W Parkway Lane Avondale, AZ 85323

$579,638
4 Beds
3 Baths
2,480 SqFt
Status Active
MLS # 6742829
Property Type Single Family Residence
Price Type --
Discover this ranch-style Townsend home, ready for quick move-in! Included features: a covered front porch; a relaxing great room with center-meet patio doors; a gourmet kitchen boasting 42'' cabinets, quartz countertops, stainless-steel appliances, a generous center island and a walk-in pantry; a charming nook; a luxurious primary suite showcasing additional windows, a spacious walk-in closet and a private bath with double sinks; three secondary bedrooms, including on with an attached bath; a shared hall bath; a beautiful study; a central laundry and an inviting covered patio. This home also offers dramatic 10' ceilings, wood laminate and 9 x 35 stone tile flooring, cultured marble bath countertops, ceiling fan prewiring in select rooms, front yard landscaping and concrete pavers at the driveway and walkway. Tour today!

16026 W Alameda Road Surprise, AZ 85387

$579,178
4 Beds
3.5 Baths
2,674 SqFt
Status Active
MLS # 6649950
Property Type Single Family Residence
Price Type --
MOVE IN READY, BRIGHT GREAT ROOM PLAN , QUICK CLOSE!! 4 BEDROOM PLUS LOFT, 3.5 BATH , 9'CEILINGS, GOURMET KITCHEN LAYOUT, UPGRADE CABINETS , GRANITE KITCHEN TOPS, SPA SHOWER, TILED FLOORING. 2'WHITE BLINDS, CEILING FANS, FRONT YARD LANSCAPING COMPLETED, ENERGY STAR QUALIFIED HOME, INDOOR AIR PLUS. A SHORT DISTANCE FROM THE COMMUNITY POOL AREA, PICNIC AREA, TOT LOTS, BASKETBALL, PICKLE BALL COURTSAND SO MUCH MORE.

Show Low AZ 85901

$579,000
3 Beds
3 Baths
2,065 SqFt
Status Active
MLS # 6716176
Property Type Single Family Residence
Price Type --
Gorgeous New Home on the Fairway! You will love the open concept floor plan conveying furnished. Offering beautiful laminate flooring, 11ft granite kitchen Island, lg pantry, 8ft interior doors, stone gas FP, Master BR w/sitting area/office, granite in both baths, Trex decking, fenced, landscaped & more.

5403 Gray Wolf Drive Lakeside, AZ 85929

$579,000
3 Beds
2 Baths
1,634 SqFt
Status Active Under Contract
MLS # 6742666
Property Type Single Family Residence
Price Type --
Imagine yourself nestled in the serene pine woods, just minutes from the calm waters of Show Low Lake. The invigorating scent of pine fills the air as you unwind on your front porch, soaking in breathtaking sunsets and the surrounding natural beauty. Mornings here are a delight—savor your coffee on the back porch as the wind whispers through the towering pine trees. This brand-new home, completed in June 2024, offers a perfect blend of comfort and relaxation, having been only lightly lived in. Step inside to a spacious open floor plan that seamlessly connects the kitchen, dining, and living area, where your eyes are immediately drawn to the stunning cedar ceiling. Picture cozy Lakeside nights by the fireplace, wrapped in the warmth of this inviting space. The kitchen is a chef's dream, featuring LG appliances, a gas stovetop, and abundant natural light. The charming brick backsplash complements the elegant white quartz countertops, and the kitchen island includes an additional sink for convenience. A spacious walk-in pantry provides ample storage for all your essentials. The primary suite is a true sanctuary, adorned with stylish barn doors that lead to a spa-like bathroom. The large walk-in closet provides ample space for all your clothing and more. On the opposite side of the home, two additional bedrooms offer their own views of the majestic pine trees. The oversized two-car garage offers plenty of room for your vehicles and extra toys and there is also a 240-volt outlet. The home is only minutes to shopping and a nearby hospital. Explore and enjoy the countless features of this beautiful home in Lakeside, Arizona.

6075 E Knolls Way Cave Creek, AZ 85331

$579,000 - 2Br/3Ba -  for Sale in The Knolls, Cave Creek
Open House
$579,000
2 Beds
2.5 Baths
1,516 SqFt
Status Active
MLS # 6735884
Property Type Townhouse
Price Type --
Excellent value in the heart of Cave Creek! Beautifully maintained and updated, this 2 bedroom, 2.5 bath townhome has an open floor plan with lots of natural light and no steps! The spacious kitchen features granite counters, stainless appliances and a gas range. Southwest architecture with high ceilings adds to the charm. There is abundant storage with high end, cedar lined garage built-ins. Finished garage floor and soft water installed. There is a south facing patio, perfect for winter sun. The Knolls features a lovely community pool and spa and is conveniently located near shopping, dining and fun entertainment venues. Enjoy nearby hiking, riding and nature preserves with miles of trails. Discover the beauty of Cave Creek.

17679 E Chevelon Canyon Circle Rio Verde, AZ 85263

$579,000
2 Beds
2 Baths
1,343 SqFt
Status Active
MLS # 6748939
Property Type Single Family Residence
Price Type --
BEST PRICED HOME IN THE COMMUNITY!!! This BEAUTIFULLY UPGRADED Resort Collection Home with covered private terrace in the heart of coveted Trilogy at Verde River exemplifies classic Arizona Living! Spacious, OPEN yet efficient floor plan features 2 beds/ 2 baths and a separate smart space desk area in the great room. The unique location is adjacent to NATURAL OPEN SPACE for seemless indoor/outdoor living. Elegant finishes throughout! Kitchen offers gourmet appliances, upgraded cabinets and sleek countertops. This stunning home offers upgraded wood look tile flooring, custom shutters, motorized sunscreens and a lot more. The new interior is bright and features today's favorite finishes. Trilogy at Verde River offers upscale Resort living at its finest and the very best of all possible worlds, close to the conveniences of affluent North Scottsdale, yet secreted within the pristine privacy of the Sonoran Desert. The amenities are World Class with Tom Lehman inspired eighteen-hole Golf course, tennis courts, pickle ball 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. Whether you're seeking a second, winter home, or will live here year-round, Trilogy at Verde River is an ideal distance from the hustle and bustle of North Scottsdale. Attitudes here are different; there's a sense of community. You'll love the Resort living! What memories will you make?

9632 E Olla Avenue Mesa, AZ 85212

$579,000
4 Beds
2 Baths
2,308 SqFt
Status Active
MLS # 6730708
Property Type Single Family Residence
Price Type --
Your Dream Home Awaits! This spectacular property is a blend of modern upgrades and comfortable living, featuring 4 spacious bedrooms and 2 well-appointed bathrooms. It's a must-see! Exterior & Pool: Step into your private oasis with a meticulously maintained pool, showcasing a new speed pump, floor pop-ups, and a new pool filter. The PebbleTech resurfacing and fiber optic lighting create a stunning ambiance for evening swims. Freshly painted in 2022, the home's exterior offers a modern and inviting look. Interior. Upgrades: Inside, you'll be impressed by new tile and carpet flooring throughout and fresh interior paint. The primary bathroom has been exquisitely remodeled with a new shower and cabinet, providing a luxurious retreat. Enjoy year-round comfort with newer AC units The home is equipped with newer AC units (installed in 2020) and a new thermostat to keep you comfortable year-round. All appliances are included, making this home move-in ready. Additional Features: A new roof was installed in 2021, ensuring durability and peace of mind. The garage is outfitted with a utility door and storage racks for added convenience. The property also includes an RV gate, a backyard shed, and a parking slab, providing ample space for storage and parking. Elegant French doors add a touch of sophistication and easy access to the outdoor spaces. Location: This home is perfectly situated with no neighbors behind and is surrounded by single-level homes, offering privacy and tranquility. It is conveniently located near schools and major highways (LOOP 202 & US 60), making commutes and travel a breeze. Don't miss the opportunity to make this exquisite property your new home. Experience all the wonderful features this home has to offer!

1470 N St Paul Drive Gilbert, AZ 85234

$579,000
4 Beds
2.5 Baths
2,267 SqFt
Status Active
MLS # 6754187
Property Type Single Family Residence
Price Type --
This stunning, upgraded Gilbert gem is everything you've been waiting for. With a spacious floor plan featuring 4 bedrooms, 2.5 bathrooms, and a versatile loft, this home is designed for comfort and style. The kitchen is a showstopper with sparkling granite countertops, stainless steel appliances, and a large island. Step outside to your private backyard oasis, ideal for entertaining! Enjoy the low-maintenance artificial turf and dive into the heated, sparkling pool all year round. Upstairs, retreat to the expansive primary suite, enjoy the loft which offers extra living space, alongside three additional bedrooms. Location is everything and you're situated across from a beautiful green space, just minutes from the highway and Banner Hospital, providing easy access to all of Gilbert!

20221 N 31st Street Phoenix, AZ 85050

$579,000
5 Beds
3 Baths
2,177 SqFt
Status Active
MLS # 6749488
Property Type Single Family Residence
Price Type --
Immaculate 5-Bedroom, 3-Bath Move-In Ready Home with Fresh Updates, and Backyard Paradise. Discover the perfect blend of modern luxury and convenience. This newly painted 5-bedroom, 3-bathroom home is move-in ready and packed with features that make it an exceptional find. With two brand-new AC units installed in May 2024, you'll enjoy year-round comfort in this energy-efficient, beautifully upgraded property. Step inside to find a bright, open layout with plenty of space to entertain. The living room is prewired for a large TV, ready for your home theater setup—perfect for movie nights or watching the big game in style. The home also features a remodeled master bathroom and new flooring upstairs, adding a touch of luxury at every turn. The wardrobe in the upstairs guest room conveys with the property, offering added convenience. Outside, the backyard oasis awaits, featuring a charming pergola and fruit trees that create the perfect setting for outdoor gatherings or peaceful evenings at home. Location couldn't be betterCostco is less than a mile away, and you're just minutes from Desert Ridge Marketplace for shopping, dining, and entertainment. Plus, with easy access to Loop 101 and SR-51, commuting anywhere in Phoenix is a breeze. This stunning home checks all the boxes: space, style, comfort, and a prime location. Don't miss this incredible opportunityschedule your showing today before it's gone!

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