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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3200 W Black Oak Loop Show Low, AZ 85901

$579,000

3 Beds

2 Baths

1,550 SqFt

Status Active

MLS # 6669326

Property Type Townhouse

Price Type --

This Torreon golf villa offers a comfortable and convenient living space with its 3 bedrooms and 2 bathrooms. It is designed for a lock and leave lifestyle, providing you with peace of mind when you're away. The property features a detached 1-car garage, offering secure parking and additional storage space. Surrounded by a lush canopy of trees, this villa provides a serene and private atmosphere. The covered deck and patio area are perfect for relaxing or entertaining, allowing you to enjoy the beautiful surroundings. The open floorplan creates a spacious and airy feel, while the split layout ensures privacy between the bedrooms. Large spacious kitchen makes meal prep a breeze while guest can accompany around the breakfast bar. Whether you're a golf enthusiast or simply..

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823 Sycamore Lane Chino Valley, AZ 86323

$579,000

3 Beds

2 Baths

1,554 SqFt

Status Active

MLS # 6748043

Property Type Single Family Residence

Price Type --

This meticulously maintained home in central Chino Valley offers something for everyone, blending comfort, convenience, and style. Located just minutes from Chino Valley's main commercial areas and a short drive from Prescott and Prescott Valley, this home's prime location is ideal. Upon entering, you're greeted by a spacious great room featuring a vaulted ceiling, ceiling fan, and a striking 3-sided gas fireplace. The luxury vinyl plank and tile flooring throughout adds to the home's elegance. The adjacent kitchen is a chef's dream, boasting solid surface countertops, abundant cabinetry, a corner pantry, and a large skylight that floods the space with natural light. The dining room, perfect for hosting meals, offers direct access to the charming rear patio, making entertaining a breeze. Designed with a sought-after split floor plan, the large master suite features vaulted ceilings and direct access to the back patio. The master bath is equally impressive with a spacious walk-in closet, garden tub, dual vanities, and a walk-in shower with grab bars. On the opposite side of the home, two sizable guest bedrooms and a full bath are privately situated off the great room, ensuring comfort and privacy for all. The pristine exterior is equally inviting, with a massive screened-in covered patio perfect for year-round entertaining. This space includes a fabulous hot tub that conveys with the property. The home also offers abundant RV parking, with two separate water, sewer, and power hookup locations. Both the front and rear yards are beautifully landscaped and low-maintenance. The front patio boasts views of Granite Mountain, while the large, flat backyard serves as an excellent starting point for any outdoor hobby. The oversized 3-car garage provides ample parking and storage, complemented by an additional high-quality Tuff Shed on the property. Recent updates include substantial repairs and upgrades to the septic system, a thorough revamp of the drainage and rain gutters, new luxury vinyl plank flooring, steam cleaning and sealing of tile areas, a significant tune-up of the hot tub's hardware, and several new high-quality windows.

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10138 W Illini Street Tolleson, AZ 85353

$579,000

5 Beds

3 Baths

3,323 SqFt

Status Active

MLS # 6742120

Property Type Single Family Residence

Price Type --

Beautiful property that features inviting gated pool, gas BBQ with gas firepit, long drive way and 3 car garage. Interior is in great shape with added fire sprinkler system for extra safety, large open kitchen to family room, remodeled bathrooms and good sized loft.

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420 N Leoma Lane Chandler, AZ 85225

$579,000

3 Beds

2 Baths

1,743 SqFt

Status Active

MLS # 6739243

Property Type Single Family Residence

Price Type --

Bright, open, spacious floorplan! Lovely neutral paint throughout, VAULTED ceilings in every room, LOTS of big, bright windows with faux wood blinds, tile flooring with carpeted bedrooms, BEAUTIFUL, larger, garden like backyard with play pool and built in BBQ. This house has such good energy. Oh... and NO HOA! 🙂 ***Some items in house and yards may be purchased on a separate bill of sale***

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4608 N Desert Stream Way Litchfield Park, AZ 85340

$579,000

3 Beds

2 Baths

1,897 SqFt

Status Active Under Contract

MLS # 6743815

Property Type Single Family Residence

Price Type --

Welcome to Litchfield Greens! This beautifully remodeled 3-bedroom, 2-bathroom home is perfectly situated on the neighborhood lake. The heart of this home is the completely renovated kitchen, designed with the chef in mind. It boasts quartz countertops, brand-new cabinetry, a chef-grade hood vent, and high-end stainless steel appliances, including a microwave drawer. New paint and stunning luxury vinyl plank (LVP) flooring that flows through the open-concept living area. The living room features an updated fireplace and new lighting fixtures that add a modern touch. Both bathrooms have been fully updated to include brand new showers and a garden tub in the primary bath, the new vanities and fixtures. Step outside and take in the breathtaking views of the lake from your backyard.

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3033 E Millbrae Lane Gilbert, AZ 85234

$579,000

4 Beds

3 Baths

2,146 SqFt

Status Active

MLS # 6726711

Property Type Single Family Residence

Price Type --

MOVE-IN-READY!!! LOTS of CHARM & CHARACTER EVERYWHERE!!! This home is a MUST SEE!!! Full Bedroom & Bathroom DOWNSTAIRS!!! Upon entry, you're wowed by VAULTED CEILINGS, along with two separate living areas, a STUNNING KITCHEN overlooking the main living space, making this the PERFECT HUB OF THE HOME!!! Spend some time outback in your Sparkling POOL, or relax in tub HOT TUB, cook out in your BUILT-IN-BBQ, or even enjoy your very own PUTTING GREEN!!! This backyard is an Entertainer's Dream!!! Workbench area in garage, along with LOTS OF STORAGE!!! This home has it all!!! Home is steps away from a FANTASTIC park with playground area and Basketball courts!! Don't miss out on this one!!!

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5917 E Fox Circle Mesa, AZ 85205

$579,000

4 Beds

2.5 Baths

2,265 SqFt

Status Active Under Contract

MLS # 6731518

Property Type Single Family Residence

Price Type --

MOVE IN READY HOUSE! This house was completely remodeled in 2023. ALL NEW PAINT...both INSIDE AND OUT...NEW FLOORING. The kitchen boasts NEW SHAKER STYLE CABINETS with SOFT CLOSE DRAWERS, white GRANITE COUNTERTOPS, state of the art STAINLESS STEELE APPLIANCES and lots of STORAGE in the PANTRY. New beautiful shower in the master bathroom, WALK IN CLOSET, NEW BATHROOM COUNTERS, NEW AC and COOLER/HEATER for the POOL and JACUZZI. Come see it today!

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9316 W Pontiac Drive Peoria, AZ 85382

$579,000

4 Beds

2 Baths

2,100 SqFt

Status Active

MLS # 6747534

Property Type Single Family Residence

Price Type --

Make yourself at home in this beautiful property nestled on a coveted corner lot! With a 4-bed, 2-bath, and 3-car garage, this residence offers charm & convenience. The immaculately designed interior boasts spacious living areas with expansive windows, excellent for hosting & entertaining. The home exudes elegance with its tall ceilings, soothing paint, recessed lighting, and wood-style vinyl flooring. Impeccable kitchen is fully equipped with quartz counters, ample white cabinetry, recessed lighting, a handy pantry, and an island with a breakfast bar. Retreat to the main suite, offering a full ensuite and a walk-in closet. The tranquil backyard invites you to relax and have fun with a covered patio, a fire pit, & a refreshing pool ready to enjoy. This value will not disappoint

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25024 S Stoney Lake Drive Sun Lakes, AZ 85248

$579,000

2 Beds

2 Baths

1,968 SqFt

Status Active

MLS # 6750372

Property Type Single Family Residence

Price Type --

Welcome to this beautiful 2-bed, 2-bath Plus Office/Den residence on a coveted corner lot! The exterior boasts a striking stone facade, a 2.5-car garage, and a tasteful paver driveway. The inviting living room showcases vaulted ceilings, a soothing palette, and plush carpeting throughout. The eat-in kitchen comes with granite counters, ample wood cabinetry with crown molding, built-in appliances, a center island, and a serving window with a breakfast bar for casual dining. The cozy main bedroom offers direct backyard access, an en suite with dual sinks, and a walk-in closet. Venture outside to find a covered patio for al fresco dining, a relaxing spa, and a low-maintenance desert landscape. Don't miss out on this fantastic opportunity! HVAC - 2 Units- Replaced in 2021, Hot water heater replaced 2021, Exterior Painted 2023, New Drip system - valves & timer replaced 2023. Exterior Stone work & Pavers done in 2023. New SPA Hot Tub 2024 Hard wired Security System. Reverse Osmosis.

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15221 N Clubgate Drive Unit 2125 Scottsdale, AZ 85254

$579,000

2 Beds

2 Baths

1,340 SqFt

Status Active

MLS # 6710994

Property Type Apartment

Price Type --

''HUGE PRICE DROP, TAKE ADVANTAGE OF THIS GREAT DEAL. INTEREST RATES ARE FALLING JUMP ON THIS ONE''. THIS UNIT HAS GREAT POTENTIAL. MAKE IT YOUR OWN. BEST PRICED UNIT IN THE COMPLEX. THIS TWO BEDROOM IS IN A GREAT GATED COMPLEX WITH EASY ACCESS TO KIERLAND COMMONS AND ALL IT HAS TO OFFER. WALK TO GOLF COURSE OR ENJOY A CASUAL DAY AT THE POOL. RESORT STYLE LIVING WITH EVERY AMENITY ONE COULD ASK FOR. MAKE THIS YOUR NEW HOME OR WINTER PARADISE. NEW REFRIGERATOR, WATER HEATER AND GARAGE DOOR OPENER.

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7231 W Lone Cactus Drive Glendale, AZ 85308

$579,000

4 Beds

2 Baths

2,080 SqFt

Status Active

MLS # 6731707

Property Type Single Family Residence

Price Type --

**MOTIVATED SELLER** Submit your offer! This meticulously maintained 4-bed, 2-bath home in the desirable Sierra Verde neighborhood, within Arrowhead Ranch, is ready for you to make it your own. Spacious bedrooms and ideal for entertaining. The kitchen & family room create a central hub, & the formal living and dining areas offer a touch of elegance. Large backyard with lush mature trees & oversized grassy area, perfect for barbecues, games, or simply relaxing under the Arizona sky. This home boasts a recently replaced AC unit (2023) and a newer water heater, ensuring worry-free comfort. A+ Schools, lakes, walking paths, close to 101, golf, restaurants, shopping & sports complexes. Don't miss your chance to own this gem in a sought-after neighborhood!

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5070 W Cortez Street Glendale, AZ 85304

$579,000

3 Beds

2.5 Baths

2,118 SqFt

Status Active

MLS # 6697720

Property Type Single Family Residence

Price Type --

This stunningly upgraded practically new home boasts 3 spacious bedrooms, a versatile Flex/Office/Den, and 2.5 baths. The beautiful kitchen has Quartz countertops, 42'' White shaker cabinets with brushed nickel pulls, a stainless steel sink & stainless steel appliances- refrigerator included!Enjoy the high ceilings, brand new interior paint, beautiful ceramic plank tile flooring, and plush carpeting throughout. The master suite features a luxuriously upgraded tiled walk-in shower, glass shower door, a freestanding soaking tub, dual sinks, and a spacious walk-in closet. Additionally, there's an Office/Den with stylish sliding barn doors, water softener, old-world paver stone driveways, a fully landscaped front & back yard with green turf area. Seller will include 12 months of paid HOA.

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