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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5689 S Mir Way Hereford, AZ 85615

$575,000

5 Beds

2 Baths

2,710 SqFt

Status Active

MLS # 6674101

Property Type Single Family Residence

Price Type --

Big, Bold, and Beautiful with Gorgeous Mountain Views! Amazing 5 bed, 2 bath, custom home nestled on 2.289 acres in the Executive Acres community of Hereford, AZ. The primary bedroom features a generous walk-in closet and the lovely primary bathroom has a large, jetted tub, separate shower, and private water closet. The remaining 4 bedrooms are larger than average and the guest bath features dual sinks! The kitchen comes complete with updated appliances, two pantry closets and plant shelves between the kitchen and formal living room. Kitchen and baths have stunning tile work. Tile floors throughout, except for the primary closet which has carpet. Washer, dryer, and water softener will remain, (water softener is not currently hooked up for use). This property also has a private well with two (2) water storage tanks located in an oversized storage room within the home. There is a deep, 2+ car garage with 8' garage door, huge RV cover, and an additional carport. RV hook ups including septic connection, lots of space for your projects, and a finished shed give you ample space for all your projects. Home has a private well!

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6402 N 45th Avenue Glendale, AZ 85301

$575,000

5 Beds

4 Baths

2,681 SqFt

Status Active

MLS # 6744593

Property Type Single Family Residence

Price Type --

Welcome to this stunningly remodeled 5-bedroom, 4-bathroom home, where no detail has been overlooked. Every aspect has been updated, featuring new tile flooring, Italian cabinetry, sleek black stainless steel appliances, modern windows, fresh lighting, new paint throughout, and so much more. The spacious open floor plan includes multiple living areas and a versatile den or dining room. Outside, enjoy a generous covered patio perfect for entertaining, alongside a garden area surrounded by mature citrus trees. Conveniently located within walking distance to schools and shopping, this home offers both luxury and practicality with space for everyone to enjoy!

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4715 E Melanie Drive Cave Creek, AZ 85331

$575,000

2 Beds

2 Baths

1,996 SqFt

Status Active

MLS # 6730564

Property Type Single Family Residence

Price Type --

Discover the charm of this enchanting patio home in the desirable Tatum Village! You'll love the spacious living areas, perfect for hosting and entertaining guests. With vaulted ceilings, decorative ceiling fans, graceful archways, a designer's palette, a wet bar, wide louvered shutters, a cozy fireplace, and multi-sliders to the backyard are features worth mentioning. The kitchen is equipped with corion counters & backsplash, recessed lighting, white cabinetry, an island, a breakfast bar, and a bright breakfast room. Take advantage of the sizable den with a closet! Carpeted main suite has direct backyard access, a walk-in closet, a private bathroom with dual sinks, and a walk-in tub. The screened-in and covered patio are perfect for afternoon relaxation or fun BBQs! Freshly painted and new carpet. Community Pool, tennis and pickleball. Gated community. This just has it all!

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20883 E Cattle Drive Queen Creek, AZ 85142

$575,000

4 Beds

3 Baths

2,352 SqFt

Status Active

MLS # 6742557

Property Type Single Family Residence

Price Type --

You will not be disappointed the moment you walk into this 4BR, 3BA, 2CG located in a well developed Queen Creek area. Very spacious with high high ceiling. Large kitchen with high end upgrades such as granite counter, gourmet kitchen, gas cook top, 42 inch upper cabinets, stainless steel appliances, recessed lighting. neutral ceramic tile flooring thru out the house. The open floor plan of the family room, kitchen & dining area will give you plenty of room to entertain all of your guests. Large laundry area. Epoxy flooring in Garage and Paver drive-way. Desert landscaping in the front for low maintenance and a beautiful backyard with covered patio for your relaxing and entertainment after long day work, paver, fake grass, with no house in the back. EZ access to freeway. Close to school

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42614 W Bravo Drive Maricopa, AZ 85138

$575,000

5 Beds

3 Baths

3,956 SqFt

Status Active

MLS # 6698521

Property Type Single Family Residence

Price Type --

Experience unmatched charm & spacious living in this captivating residence, boasting one of the largest floorplans in Rancho El Dorado. Nestled on an enviable lot, this home sits just behind the tee box on Hole 3, offering a breathtaking view without the worry of stray balls, broken windows or noise inside the home . Each bedroom exudes generous proportions, w/ the master suite stretching an impressive 31 feet w/ a private balcony that streches the lenght of the bedroom- explore the floor plans on our Matterport link or in the documents tab for a closer look. Step into the backyard oasis, reminiscent of a resort, complete with a charming 25x20 ft gazebo, heated sparkling pool, & in-ground jacuzzi - the perfect setting for outdoor enjoyment and relaxation. Car enthusiasts .. ... will appreciatethe expansive 3 car garage with ceiling storage racks. Entertainment abounds with two family/living rooms and a sprawling loft, providing ample space for gatherings or relaxation. Storage is abundant throughout, ensuring clutter is never a concern. Rancho El Dorado is unbeatable with convenient access to multiple grocery stores and at the north end of town with immediate access to 347 going into the rest of the valley. Pool and cool deck were refinished with micropebble in 2023. Exterior of home was repainted in 2023. Rancho el dorado has two elementary schools, many parks and a beautiful lake. Discover the lifestyle you've been dreaming of in this remarkable home, where luxury meets comfort at every turn.

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334 W Medlock Drive Phoenix, AZ 85013

$575,000

3 Beds

2 Baths

1,677 SqFt

Status Active

MLS # 6721672

Property Type Townhouse

Price Type --

Rare find in Uptown Phoenix! Here's the perfect home for your urban lifestyle and mid-century modern taste. The perfect buyer for this home will appreciate the geographic desirability of this townhome in Uptown Phoenix and understand the significance of living ''between the 7s''! All your favorite local spots - Postino, Windsor, Churn, Uptown Plaza including (coming-soon) The Henry, Lylo Swim Club and access to the light rail are all within reach. Inside the home, you'll love the layout with the primary suite on the main floor and open floor plan, industrial style kitchen and dining spaces, floor to ceiling windows and artful natural light to show it all off. Up the designer suspended staircase to the second floor are two spacious bedrooms and a remodeled second full bath. The community is beautifully maintained with Palm Springs style landscaping and a large lagoon pool directly outside your private patio. The HOA provides incredible value by covering ALL owner utilities including water, sewer, garbage, ELECTRIC, internet AND cable. Service animals and emotional service animals are welcome here. Expecting significant interest - inquire for your private tour right away!

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2031 S Cactus Road Apache Junction, AZ 85119

$575,000

3 Beds

2 Baths

2,294 SqFt

Status Active

MLS # 6704885

Property Type Single Family Residence

Price Type --

Remodeled 3 bedroom/2 bath home with a bonus room on a large lot with large garage, RV access, and a view of the Superstitions, huge outdoor living space, and no HOA!! Enclosed front patio provides a shaded welcoming area. Home features vaulted ceilings, wood plank tile, barn wood accent walls, dual pane low-e vinyl windows provide lots of light, ceiling fans throughout, and a fireplace! Kitchen has granite counters, glass top stove with tiled backsplash all the way around, lazy-susans, and pull-out shelving. Brand new carpet in all bedrooms! Large laundry room with soft close cabinets & drawers, a sink, a doggie door to the outside & a sliding barn door. Master bedroom has double door with adjustable built-in blinds and private exit/entrance to back patio. Garage has water line. Outdoor living space features a huge patio and roof, built in BBQ area, lots of space to entertain! Home has an additional add on of a man cave and a garage with electrical, and backs up to a wash with no neighbors behind them, beautiful view of the Superstition Mountains, and a RV gate access to the alley . Garage is 30X30X15 and is coated. New AC in 2023!

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7635 W Rock Springs Drive Peoria, AZ 85383

$575,000

3 Beds

2.5 Baths

2,079 SqFt

Status Active

MLS # 6718396

Property Type Single Family Residence

Price Type --

This stunning single-level home is located in a highly desirable Rock Springs neighborhood, offering the perfect blend of comfort and luxury. The property features outstanding curb appeal with its beautifully landscaped front yard and an inviting entrance. As you step inside, you are greeted by an open room concept with an eat-in kitchen that boasts beautiful lighting, and in the kitchen you have granite countertops, an oversized sink, and a double wall oven with an electric cooktop. The kitchen also includes a spacious walk-in pantry and ample storage, making it a chef's dream. The oversized primary bedroom is a retreat in itself, complete with a large walk-in closet and an en-suite bathroom that offers dual sinks, a separate tub and shower, and private water closet. Two large guest bedrooms come with extra tall closets and ceiling fans, providing comfort and convenience. The living areas are designed for both relaxation and entertainment, featuring tile flooring throughout, with plush carpeting in the bedrooms. The home extends its living space to the outdoors with an extended back patio featuring two ceiling fans, perfect for enjoying the Arizona weather. The backyard is a serene oasis with artificial turf, natural vegetation, and a dog run on the side yard. Additional features include a 2-car garage and a functional laundry room. This property is a true gem, offering a perfect combination of indoor luxury and outdoor tranquility.

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3402 W Zuni Brave Trail Phoenix, AZ 85086

$575,000

3 Beds

2 Baths

1,645 SqFt

Status Active

MLS # 6723803

Property Type Single Family Residence

Price Type --

UNICORN!!! ASSUMABLE LOAN--OCCUPIED OR NON OWNER OCCUPIED! 3.25% - ASK FOR DETAILS! AND.... NO RENTAL RESTRICTIONS! STR FRIENDLY! SEE DOCS FOR $50k++ IN UPGRADES! Model sharp, turnkey, move-in ready home! Lovely community features heated pool, basketball, volleyball & green spaces! AND VIEWS! Beautiful home on quiet corner lot, w the trifecta: views, privacy, AND low maintenance! Fantastic & functional floorplan is open concept w high ceilings, 3 bed, 2 bath. Tons of upgrades incl, ceiling fans & super efficient new HVAC (2022) keeps home comfortable year round w low energy bills! Spacious & bright garage w great storage. You'll love the tasteful furnishings throughout--& can be included on separate bill of sale! AMAZING Community amenities - click for mor The Tramonto community has some of the best amenities you'll find in any planned community in Phoenix at an incredible value (low HOA). Not one, but TWO recreation areas, including a heated lap pool near this home, complete with plenty of parking, bathrooms, showers, and lockers, as well as a secondary area situated on the side of a mountain and making for beautiful valleywide mountain AND city views, complete with pool, kiddie pool, hot tub, playground, volleyball and basketball courts, and tennis courts with lighting for evening play! Great shopping nearby including grocery stores and restaurants, & easy access to freeways for easy commute.

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10923 W Escuda Drive Sun City, AZ 85373

$575,000

3 Beds

2 Baths

2,246 SqFt

Status Active

MLS # 6733296

Property Type Single Family Residence

Price Type --

Price Adjustment! Beautiful Lakefront Home in Ventana Lakes 55+ Community. It has everything you want, 3 bedrooms, 2 bathrooms, an Office, 3 car garage, 2 living spaces and an open concept home. You will enjoy the morning sunrises as well as the evening sunsets from your lakefront backyard. Ventana Lakes is one of Peoria's premier 55+ communities. The community features 9 lakes, some with waterfalls, and great catch and release fishing. 4 community pools and spas, recreation and fitness rooms, billiards, fine arts, crafts and quilting rooms, handball, pickleball and tennis courts. Bingo games and more.

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6229 S Moccasin Trail Gilbert, AZ 85298

$575,000

4 Beds

2 Baths

2,248 SqFt

Status Active

MLS # 6731776

Property Type Single Family Residence

Price Type --

Welcome to this spacious 4 bedroom, 2 bathroom home with a 3 car garage, perfectly positioned on a corner lot in the highly sought-after town of Gilbert, Arizona. This charming property offers excellent potential for renovation and customization to match your personal style and needs. The open floor plan features a bright and open living space, ideal for entertaining. This four bedroom home offers a split floor plan and large secondary bedrooms. Enjoy the Arizona sunshine in the large backyard, which offers endless possibilities for outdoor living with a built in BBQ and plenty of room to add a pool or spa!

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2132 W Knowles Circle Mesa, AZ 85202

$575,000

4 Beds

3 Baths

2,415 SqFt

Status Active

MLS # 6750224

Property Type Single Family Residence

Price Type --

FULLY REMODELED home in the sought after community of Dobson Ranch! The home features a fully renovated kitchen with quartz countertops, new white shaker cabinets, an island/breakfast bar, subway tile backsplash and stainless steel appliances. The home has new flooring throughout, new windows, freshly painted inside/out, an open great room floor plan with a built in desk that matches the kitchen updates. There are upgraded fixtures throughout, a bedroom and full bathroom downstairs, the master has a fully upgraded en suite bathroom, walk in closet and private balcony. The spare bedrooms upstairs share a jack and jill bathroom. The back has an extended covered patio and ramada, new artificial grass, pavers and built in planters. *same floorplan recently sold for $675K at 2353 W Kiowa Cir

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