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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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?

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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!

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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!

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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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1734 W Banff Lane Phoenix, AZ 85023

$579,000

3 Beds

2 Baths

1,754 SqFt

Status Active

MLS # 6745566

Property Type Single Family Residence

Price Type --

Discover the allure of this turnkey single-story residence with no HOA! Double doors reveal an immaculately designed open layout enhanced with vaulted ceilings, recessed lighting t/out, plantation shutters, a bay window, calming color schemes, and stylish tile flooring. The heart of this home is the impeccable kitchen, outfitted with sleek stainless steel appliances, granite counters, tile backsplash, and chocolate brown cabinetry. The primary retreat is a sanctuary, highlighting a double-door entry, a walk-in closet, a sophisticated ensuite with dual sinks, a step-in glass shower, and outdoor access. The entertainer's backyard invites you to relax and have fun with a covered patio, artificial turf, and a refreshing pool ready to enjoy. This gem is move-in ready!

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11165 E Segura Avenue Mesa, AZ 85212

$579,000

5 Beds

3 Baths

2,566 SqFt

Status Active

MLS # 6753677

Property Type Single Family Residence

Price Type --

Back on the market and priced to sell motivated sellers are willing to help buyers with $10,000 in closing cost. Beautiful 2 story home in the desirable community of Bella Via in Mesa with 2566 Square Feet of living space. Huge backyard to entertain family and friends. Stylish granite counter tops in kitchen with massive pantry, tile flooring, new paint in the interior of the home and new carpet upstairs in all the rooms. This amazing floor plan features 5 bedrooms and 3 baths. Located in Southeast Mesa Tech Corridor with major growth development. Community has multiple parks and amphitheater! Close to shopping, restaurants and freeways. This home won't last!

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1904 S Dexter -- Mesa, AZ 85209

$579,000

3 Beds

2 Baths

2,233 SqFt

Status Active

MLS # 6752553

Property Type Single Family Residence

Price Type --

NEW ROOF SEPT 2024! Amazing floor plan with great flow, 3 huge bedrooms plus over-sized den can easily convert and 2 full baths. Immense primary suite and all secondary bedrooms and den are much larger than the norm. No carpet in the home. Washer/Dryer &Refrigerator convey. Storage galore, neutral interior walls, and large lot with producing Citrus trees. Access to the Community Pool and Tennis Courts is exclusive to Sierra Ranch II residents. Home has been lightly updated and is priced to reflect. New Exterior Paint 2021, Patio Resealed 2021, Carrier R410a Refrigerant HVAC regularly maintained, Newer Water Heater and Soft Water System. Well Maintained Home in a highly desirable community with easy access to the 202 and US 60. Great schools and plenty of shopping just around the corner.

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2956 S Camel Drive Flagstaff, AZ 86001

$579,000

2 Beds

2 Baths

1,371 SqFt

Status Active Under Contract

MLS # 6745678

Property Type Single Family Residence

Price Type --

Picturesque Single Level Home Nestled Among Mature Trees for The Perfect Combination of Comfort and Privacy. Enjoy High Vaulted Ceilings in This Great Room Concept, Split Floorplan 2 Bedroom / 2 Bath / 2 Car Garage Estate. The Kitchen Features Granite Counter Tops, Pantry and Eat-In Breakfast Nook. In the Primary Bathroom You Will Find Executive Height Vanity w/ Dual Sinks, a Large Generous Closet and Walk-In Shower. Step Outside to Your Completely Fenced Backyard, Including Covered Paver Patio with Room for Both Pets and Gardening. Additional Amenities Include Air Conditioning, Jack & Jill Bathroom, 50 Gallon Hot Water Tank w/ Recirculating Pump, Low E Windows, Frost Free Roof Shield, Security Screen and Lots of Ample Storage Space. Meticulously Cared for From Top to Bottom, A Must See!

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26990 W Burnett Road Buckeye, AZ 85396

$579,000

2 Beds

2 Baths

1,961 SqFt

Status Active

MLS # 6760185

Property Type Single Family Residence

Price Type --

Delightful 2-bedroom residence on a golf course lot! Be greeted by a 3-car garage, an impeccably designed front yard, & courtyard entry. The inviting family room boasts high ceilings, recessed lighting, a built-in media center, & surround sound speakers. Enjoy gourmet meals in the eat-in kitchen featuring granite counters, staggered cabinets w/crown moulding, stylish backsplash, pendant lighting, built-in appliances, a pantry, built in wine rack & an island w/breakfast bar. The primary bedroom offers an ensuite w/double sinks & walk-in closet. Den with French doors. Spend quiet afternoons in the enchanting backyard boasting a covered patio w/travertine tiles, a built-in BBQ w/dry bar, a warm firepit w/sitting areas, low-maintenance artificial turf & serene golf course views.

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4571 W Shannon Street Chandler, AZ 85226

$579,000

4 Beds

2.5 Baths

2,080 SqFt

Status Active Under Contract

MLS # 6748421

Property Type Single Family Residence

Price Type --

This stunning two-story property boasts of FULLY OWNED TESLA SOLAR! It has a great curb appeal, a two-car garage, and a beautifully landscaped yard. Step inside to discover a cozy living/dining area complete with a fireplace. The eat-in kitchen boasts of upgraded cabinetry and granite countertops. The master suite has a walk in closet & separate shower/tub. The spacious loft, offers a versatile space that could serve as a media room, play area, or anything you envision. The backyard features a covered patio perfect for hosting. Ideally located near restaurants, grocery stores, public library & the Desert Breeze Park! The home has been cared for and upgraded by the seller over the years. NEW ROOF (2021), NEW ENERGY EFFICIENT WATER HEATER (2021), NEW GARAGE DOOR(2021)

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18225 W Paseo Way Goodyear, AZ 85338

$579,000

5 Beds

3 Baths

3,058 SqFt

Status Active

MLS # 6760115

Property Type Single Family Residence

Price Type --

This 5-bdrm, 3-bath Ashton Woods home is nestled within the highly coveted Estrella Mtn. Ranch community. It offers over 3,000 sqft and is adorned with updated laminate flooring, lighting, ceiling fans, and stainless appliances, creating a modern and inviting atmosphere. This residence boasts a first-floor bdrm or office and full bath, complemented upstairs by a split primary suite, three additional generously proportioned bdrms, and a versatile loft space that can be customized to suit your needs. Out back there's an oversized covered patio with pergola, overlooking a mature landscaped backyard with a tranquil fountain and fireplace with large flagstone seating area. Home is a short distance from schools, grocery, residents club & lakes! Don't miss out on this one!

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6061 E Foothill Street Apache Junction, AZ 85119

$579,000

3 Beds

2.5 Baths

1,609 SqFt

Status Active Under Contract

MLS # 6741751

Property Type Single Family Residence

Price Type --

Looking for your own little gold nugget in the desert?? Look no further...This special home could be your treasure. Situated at the end of the road on a spectacular large lot, this 3BR, 2.5BA home offers privacy & up close access to the majestic Superstition Mountain. A large courtyard greets you before you enter into the home. Once inside a wall of windows opens to the back yard view that features large trees & mature desert landscaping. The kitchen is a cooks delight with alder cabinets, new granite countertops & all appliances. Master bedroom is split with access to the exterior & features a newly installed soaking tub and shower. The 3 car garage is complete with half bath. Outside offers ample space for additional garage or Casita. The RV gate allows for easy access for all the toys.

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