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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3308 E Jasper Drive Gilbert, AZ 85296

$575,000

3 Beds

3.5 Baths

2,537 SqFt

Status Active

MLS # 6747866

Property Type Single Family Residence

Price Type --

Charming Family Home in Prime Location! This inviting 3-bedroom, 3.5-bath home offers the perfect setting for family living. Featuring a versatile loft space ideal for a playroom, family movie nights, or a cozy home office. The spacious, fully turfed backyard is ready for endless outdoor fun, whether it's for games with the kids or relaxing under the stars. Located just a short walk from local restaurants and stores, this home combines the warmth of family living with the convenience of nearby amenities. A wonderful place to make lasting memories!

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4691 E Torrey Pines Lane Chandler, AZ 85249

$575,000

4 Beds

2.5 Baths

2,192 SqFt

Status Active

MLS # 6728458

Property Type Single Family Residence

Price Type --

This home is offering a two story plan, first floor has a formal living room, formal dining room, facing North. Family room, informal dining area and kitchen faces South. Upstairs has another family room, hall bathroom, three bedrooms all facing South, Master bedroom is oversized and faces North. Large Lot with Sprinkler system and grassy rear yard, all appliances, never been smoked in. Basha School system. Fresh interior paint as of June 21 to June 24th. New Carpet. 5,000 offer towards closing cost

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18118 W Golden Lane Waddell, AZ 85355

$575,000

5 Beds

2.5 Baths

3,548 SqFt

Status Active

MLS # 6735575

Property Type Single Family Residence

Price Type --

Nestled near the highly desirable White Tank Mountains, this wonderful home offers a perfect blend of country charm and city convenience. With over 3,500 square feet, it provides ample space for a large family. The home features a formal living room, dining room, family room, and a spacious loft. The generous-sized bedrooms include a downstairs master suite with a large walk-in closet. The expansive kitchen is a chef's delight, boasting an island and granite countertops. The backyard is primed for outdoor enjoyment, with enough space for a pool and a deck equipped with an electric movie screen, ideal for family movie nights. Additional highlights include a workshop, RV gate, 3-car garage, and a large laundry room. This home truly has it all for comfort and convenience.

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5661 Valley Road Snowflake, AZ 85937

$575,000

3 Beds

3.5 Baths

3,864 SqFt

Status Active

MLS # 6584475

Property Type Single Family Residence

Price Type --

Spacious home on 89.44 acres overlooking rolling hills and Mountains to the South. Remodel includes: kitchen w/large center island , Thor Range w/6 burners, 2 ovens, lots of cabinet storage, dishwasher. Bathroom vanities & mirrors. Solar system w/4 Lithium Ion batteries (the seller was planning on moving the old system down to the shop/garage, it is still in place). New: water tank w/solar auto fill, water well pump, garage door & opener, extra large ceiling fans, light fixtures inside and out, canned lighting in kitchen, washer & dryer. The property also benefits from being fully fenced, w/multiple access areas. A large 80x40x21' Quonset style shop/storage w/2x14' roll up doors & 2 access doors. 2 x lofts. 3 Master Beds, plus 1 x 1/2 Bath. State land to the South. Possibilities abound!

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34214 W Sahuaro Street Tonopah, AZ 85354

$575,000

4 Beds

2.5 Baths

2,336 SqFt

Status Active

MLS # 6672281

Property Type Single Family Residence

Price Type --

Welcome to your dream home! Sitting on a 2-acre lot, offering endless possibilities for expansion or additional structures such as a second home or workshop. This home has 4 bedrooms and 2.5 bathrooms. Beautiful kitchen with granite counter tops and open spaces to the living and dining rooms. The master bedroom offers a walk-in shower, private toilet room and a walk-in closet. A beautiful, covered patio and irrigation system was installed on all the plants in the backyard. The house is equipped with ready fast satellite internet. Completely move-in ready. With no HOA restrictions, BRING YOUR HORSES, TOYS, RV'S, ETC!! This home features upgraded foam insulation, Nest smart home thermostat, Trane A/C unit, the 220-volt setup is perfect for a workshop or welding equipment.

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1560 Vista Drive Wickenburg, AZ 85390

$575,000

3 Beds

3 Baths

1,952 SqFt

Status Active

MLS # 6642660

Property Type Single Family Residence

Price Type --

Great investment opportunity!! This two-story home boasts 1,952 square feet of living space on a sprawling 3.6-acre corner lot, offering privacy and panoramic sunset views. Step inside to discover a warm and inviting atmosphere with a large family room, creating the perfect space for gatherings and relaxation. The well-designed layout features ample natural light, highlighting the beauty of the desert landscape that surrounds your home. The heart of this residence lies in its open concept kitchen, seamlessly flowing into the dining and living areas. Picture yourself preparing meals in the well-appointed kitchen while enjoying the company of family and friends. Sliding glass doors lead to multiple patios, creating an indoor-outdoor living experience that is perfect for entertaining or simply enjoying the tranquility of your expansive backyard. Venture outside to discover a private oasis that includes a sparkling pool, perfect for cooling off during warm Arizona days. The vast 3.6-acre corner lot provides plenty of room for your horses to roam, and there's ample space for RVs and toys, making this property a haven for outdoor enthusiasts.

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3125 W Whitman Drive Anthem, AZ 85086

$575,000

4 Beds

2 Baths

1,890 SqFt

Status Active

MLS # 6758961

Property Type Single Family Residence

Price Type --

RARE CORNER LOT OPPORTUNITY in ANTHEM Parkside offers a unique lot in that it is adjacent to the grass common area AND no home in front. The N & S sun exposure makes this desirable for the hot summer months. The upgrades and meticulous condition this place has been kept in will provide an easy move in ready opportunity. 3 CAR garage, 6 person Dr. Wellness spa, water feature, built in BBQ with a view fence and so much more! The ultimate entertaining space for friends and family. THIS oasis extends its backyard presence into the MASTER bedroom with NEW Dual pane sliding glass Arcadia doors. If you are someone who appreciates attention to detail, consideration for lower sun exposure, and a more private lot while getting the amenities an HOA community has to offer this could be your match

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2609 E Saddlebrook Road Gilbert, AZ 85298

$575,000

4 Beds

2 Baths

2,044 SqFt

Status Active

MLS # 6743923

Property Type Single Family Residence

Price Type --

Discover the perfect blend of comfort and convenience in this stunning single-level home located in the highly sought-after Adora Trails Community. This beautiful residence features an open-concept kitchen that seamlessly flows into the family room, boasting elegant 42'' cabinets and modern stainless steel appliances. The split floorplan ensures privacy and space, while the expansive grassy backyard and covered patio offer the ideal setting for outdoor gatherings and relaxation. Living in Adora Trails means enjoying over 12 miles of scenic walking trails, a serene catch-and-release fishing lake, and multiple playgrounds and greenbelts. The community also offers a large center equipped with a kitchen, outdoor basketball court, lounge areas, fitness center, and ... a refreshing pool. With close proximity to San Tan Village shopping mall and top-rated Chandler Unified District Schools, Adora Trails truly offers everything you need to call it home. Don't miss the opportunity to make this exceptional property yours!

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8143 W Salter Drive Peoria, AZ 85382

$575,000

5 Beds

3 Baths

2,465 SqFt

Status Active

MLS # 6751158

Property Type Single Family Residence

Price Type --

Freshly painted Ext/Int 4BR,2BA, 2CG located in well developed Fletcher Heights neighborhood, new stainless steel stove and dishwasher. Very bright and spacious floor plan with high ceiling. Spacious kitchen over look the family room. Laminate flooring thru out the house. Ceiling fan in every room for your comfort. Low maintenance front with desert landscaping. Large backyard with a swimming pool for your family enjoyment in the summer time, low maintenance desert landscaping with artificial grass . Formal dining and living room. Very large Owner bedroom with double sink, separate tub and shower and a large walking closet. Close to shopping, schools, park, restaurant and easy access to loop 101

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1526 E Shannon Street Gilbert, AZ 85295

$575,000

4 Beds

4.5 Baths

2,173 SqFt

Status Active Under Contract

MLS # 6745193

Property Type Single Family Residence

Price Type --

This is the opportunity you have been waiting for! Top to bottom move in ready featuring 3 Bedrooms + Casita & 4.5 Bathrooms in the heart of Gilbert and one of the best communities in the Valley. Tastefully designed with 42'' white cabinetry, high end appliances, fixtures, huge sliders out to the patio, and the cherry on top, Casita with Separate mini-split for heating and cooling-perfect for a home office or guest suite. The primary suite has a private balcony, walk in closet, and luxurious bathroom! Spacious open concept main living area, and just steps to the community pool and park. Conveniently located in the thriving Gilbert area that is full of award winning schools, restaurants and shopping.

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13357 W Mayberry Trail Peoria, AZ 85383

$575,000

2 Beds

2 Baths

1,827 SqFt

Status Active

MLS # 6743221

Property Type Single Family Residence

Price Type --

Very livable, Charming 2 bedroom, 2 bath plus Den home in the highly desirable Adult community of Trilogy in North Peoria! This special home has great curb appeal. Step inside to a nice open den space and split front bedroom. Initing living/dining and kitchen area where you will find a large seating island, granite counter tops, Clean white cabinets and stainless appliances. Primary bedroom with ensuite bath featuring dual vanities, beautiful step in shower and walk in closet. Wonderful outdoor living with large covered patio overlooking a beautifully landscaped yard with extensive use of pavers and artificial turf. Trilogy offers the very best of retirement living in Arizona - community pools, fitness centers, golf, tennis, pickleball and loads of classes and clubs!

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1121 N Winthrop Circle Mesa, AZ 85213

$575,000

4 Beds

2.5 Baths

2,073 SqFt

Status Active

MLS # 6740745

Property Type Single Family Residence

Price Type --

No HOA! Assumable loan at 2.5%! This charming 4 bedroom, 2.5 bath (plus a den) single level home is a true reflection of care. The open floor plan seamlessly transitions from room to room, showcasing unique and tasteful accents throughout. The flooring features subtle southwest colors in tile and engineered wood. Step outside to the oversized backyard with a sparkling pool and generous open space accessible through the RV gate. Ample storage area for ATV's, boats, and more. Experience the best of north Mesa living with no H.O.A. fees. Within walking distance to schools. Don't miss out on this incredible opportunity!

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