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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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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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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17830 W Columbine Drive Surprise, AZ 85388

$575,000

5 Beds

3.5 Baths

3,799 SqFt

Status Active

MLS # 6699865

Property Type Single Family Residence

Price Type --

As you step into this home you will see pride of ownership throughout. With upgrades through out the down stairs. This sprawling 5-bed, 3.5-bath with a 4-car tandem garage 39'x19'. This home boasts charm and functionality throughout. There is a large office downstairs that is ideal for remote work. The farmhouse kitchen exudes warmth, with the living area off the kitchen. The large living room has a built-in fireplace with shelves and a cabinet with a large remote animal door. Walking upstairs, you see that a large loft offers endless possibilities. An RV gate on the side of the house leads to a great backyard space. The backyard is also plumbed for a gas grill. This is a must-see home in the West Valley.

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6208 W Grandview Road Glendale, AZ 85306

$575,000

4 Beds

2.5 Baths

2,330 SqFt

Status Active

MLS # 6755708

Property Type Single Family Residence

Price Type --

Bring the family and the pets! Beautiful 4 bed, 2.5 bath, 2-car home in Glendale's Brandywyne community! Park like backyard with refinished pool, RV gate, fire pit and sitting areas. Bright and open with large bay windows front and back and tile flooring throughout! Kitchen features granite counter tops, stainless appliances and a walk in pantry. Large living areas with high ceilings, classic brick fireplace and access to covered patio and landscaped backyard with your own private pool with removable fencing! Primary bedroom located upstairs is complete with large tub, dual vanity, and walk-in closet! New A/C, upgraded electrical panel and upgraded insulation. recent hot water heater and energy efficient solar panels with a very affordable lease... Yes... You can afford to crank that AC!

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17654 W Desert Lane Surprise, AZ 85388

$575,000

4 Beds

2.5 Baths

3,755 SqFt

Status Active Under Contract

MLS # 6700258

Property Type Single Family Residence

Price Type --

Indulge in luxury living at its finest in this stunning Surprise Farms residence! This 4 bedroom residence spread across two spacious stories boasts a perfect blend of spaciousness & comfort, offering an ideal retreat for families seeking the epitome of modern living. Upstairs, retreat to the expansive master suite with a massive walk-in closet & a spa-like en-suite featuring a separate tub & shower. Entertain to your heart's content in the expansive game room, perfect for hosting unforgettable gatherings. The main floor features a versatile room, perfectly suited for a home office or guest suite, accompanied by a conveniently located bathroom, catering to every need with ease. Step outside to your private oasis & enjoy endless outdoor fun, beating the Arizona heat in your own backyard!

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2788 S Betty Street Gilbert, AZ 85295

$575,000

4 Beds

3 Baths

2,067 SqFt

Status Active Under Contract

MLS # 6712917

Property Type Single Family Residence

Price Type --

Stunning most popular ever, Fulton Homes Floorplan that is a 4/3 with all appliances in great location with community pool. Easy care yard, stainless appliances, granite counters, ceiling fans and much more! Come and see me today!

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26210 N Hackberry Drive Phoenix, AZ 85083

$575,000

4 Beds

2 Baths

1,883 SqFt

Status Active Under Contract

MLS # 6709192

Property Type Single Family Residence

Price Type --

STETSON HILLS in North Phoenix, this single-level, 4bd/2ba home offers numerous exceptional features. Enjoy mountain views from both front and backyard, along with a natural desert wash directly behind the residence and situated on a private dead end street. This home has undergone significant COSTLY UPDATES such as a 5-ton HVAC system with a 18 SEER rating, completely new duct work, underlayment fully replaced, luxury vinyl plank flooring, SS appliances, fresh neutral interior paint, new water heater, updated guest bathroom, interior hardware and fixtures updated, living room surround sound, ceiling fans, backyard pavers and gas firepit, turf, gravel replaced, new irrigation auto timer, patio sun shade. Additionally, a water softener system and R/O has been added to enhance the homeowners experience. Further, Stetson Hills offers hiking trails, shops, supermarkets, schools, communal playgrounds, lots of green spaces and walking paths, close to the freeway. Don't miss an opportunity to own a meticulously cared for home in this dynamic community.

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