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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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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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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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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14910 W Dreyfus Street Surprise, AZ 85379

$575,000

4 Beds

2.5 Baths

2,728 SqFt

Status Active

MLS # 6725590

Property Type Single Family Residence

Price Type --

Sellers are OFFERING CONCESSIONS to buyer! Come Fall IN LOVE with this gorgeous 4 bedroom (plus a loft), 2.5 bath home with OWNED Solar (NO LOAN/LEASE) & a POOL! This fabulous floor plan boasts a large dining area with a butler's pantry leading into an amazing gourmet kitchen (which opens to a cozy family room) with a plethora of espresso cabinets, recessed & pendant lighting, granite counters, SS appliances, drop in gas cook top, walk in pantry and kitchen island. And luxury viny plank (NO CARPET)throughout the home! The master ensuite boasts dual sinks, separate tub & shower. You will enjoy the vacation style backyard with its covered patio, green grass, POOL & entertainment area! This is a MUST SEE!!!

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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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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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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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