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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2760 S Seton Avenue Gilbert, AZ 85295

$575,000

4 Beds

2.5 Baths

2,274 SqFt

Status Active

MLS # 6741953

Property Type Single Family Residence

Price Type --

This enchanting 4-bedroom home in the serene Chaparral Estates is the one for you! This home is sure to check all the boxes, boasting a 3 car garage, split floor plan, high ceilings and a corner lot! As you enter, the living room sets a warm ambiance for relaxation. Host festive meals in the formal dining area and make memories in the spacious great room.The kitchen features rich wood cabinets, built-in appliances, a pantry, expansive counters, and a center island with a breakfast bar. Retreat to the expansive main suite, accessible via double doors, featuring a private bath with dual sinks, a soaking tub, and a walk-in closet. Outside, the covered patio and lush grassy area offer a perfect setting for outdoor enjoyment. This home is truly a treasure, ideal for creating cherished moments! Recent updates include fresh interior paint, brand new carpet in all of the bedrooms, and 2 new AC units! Location is A+, walking distance to one of the schools, nearby the San Tan Village and Agritopia ! MUST SEE!!

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9624 E Thunderbolt Avenue Mesa, AZ 85212

$575,000

5 Beds

3 Baths

1,934 SqFt

Status Active

MLS # 6722619

Property Type Single Family Residence

Price Type --

BETTER THAN NEW Single-Level 5 Bedrooms & 3 Full Baths! Professionally Landscaped Backyard has low maintenance synth Grass & Pavers! Wood-Plank tile throughout entire home. Carpeted Bedrooms. Gorgeous Kitchen has white Cabinets with dark hardware, an upgraded Gas Stove/Range, HUGE Breakfast Bar, Quartz Counters, BIG Pantry! Private Split Bedroom & Bathroom is perfect for an Office or Guests. High-end Lighting fixtures & Ceiling fans! Designer touches everywhere! 9+ foot & vaulted Ceilings. Garage overhead Storage Racks. Tankless water heater. N/S exposure. Water Softener. Cadence HOA amenities - multiple lap & play Pools with water slides, Tennis/Basketball/Volleyball/Bocce Sport Courts, Fitness & Community Centers, Playgrounds, Dog Park. Schools close by. Don't miss this one!

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1179 E Coyote Creek Way San Tan Valley, AZ 85143

$575,000

5 Beds

2.5 Baths

3,272 SqFt

Status Active

MLS # 6709440

Property Type Single Family Residence

Price Type --

Welcome to your pre-inspected, dream home in the highly sought-after Johnson Ranch subdivision. This immaculate property offers everything you desire in a home, ensuring a lifestyle of comfort, luxury, and endless entertainment. Enjoy the convenience of community amenities including 3 pools, walking/biking paths, golf courses, and abundant green spaces and parks. Bedrooms/Bathrooms: This spacious home boasts 5 bedrooms and 2.5 bathrooms, providing ample space for family and guests. Outdoor Oasis: Your own personal playground awaits with a stunning pool, jacuzzi, and a putting green, perfect for entertaining or unwinding in style. Relax knowing this home has been meticulously maintained and features numerous upgrades, including a newer HVAC system, soft water system, and pavers leading up to the spacious RV gate and parking area. Open kitchen overlooks the pool area and features modern appliances, making it perfect for hosting gatherings. The great room comes complete with an 82 LG television, conveying with the sale, ensuring endless entertainment for you and your loved ones. Retreat to the expansive upper primary suite, featuring a brand-new shower with 24 tiles, a spacious walk-in closet. Enjoy the convenience of a private water closet, glass block window, and double vanity sinks. Additional Details: Move-in ready condition, all televisions convey and Nest programmable thermostats included, Water softening system installed and owned. Don't miss out on the opportunity to own this exceptional home in Johnson Ranch. Schedule your viewing today and start living the lifestyle you've always dreamed of!

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1327 N Joplin Circle Mesa, AZ 85207

$575,000

3 Beds

2 Baths

1,809 SqFt

Status Active

MLS # 6734841

Property Type Single Family Residence

Price Type --

Clean and move in ready home in the tranquil Saguaro Mountain gated community. Cul-de-Sac lot, original owner, lots of curb appeal, single level which means no stairs. Wonderful private community park with playground, basketball and volleyball courts. Close to Red Mountain Community Park, and Usery Mountain Park with hiking and biking trails throughout. Home offers an open floor plan which is great for entertaining. Large backyard with extended covered patio allows for a great place to unwind after a long day. Close to shopping, dining and entertainment. Come take a look at your future home.

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6948 N 86th Lane Glendale, AZ 85305

$575,000

5 Beds

3.5 Baths

3,075 SqFt

Status Active Under Contract

MLS # 6696352

Property Type Single Family Residence

Price Type --

THIS ONE IS A UNICORN! ASSUMABLE VA 2.75% LOAN Open to Veterans, Non-Veterans AND INVESTORS in the gated community of Catania. Walkable to State Farm/Cardinal Stadium, Westgate Entertainment District with tons of Shopping, Restaurants, the new VIA Resort & more! Easy freeway access & close to the influx of employment giants expanding nearby! Walk into a beautiful 5bd/3.5 bath home featuring a great room w/glass wall doors, offering abundant natural light & a gourmet kitchen & oversized island perfect for gatherings. This home also features an extended dining room opening to the back. Downstairs bdrm is ideal for an in-law suite. Huge owners suite upstairs w/sitting area, large bathroom & walk-in closet. Low maintenance landscaping. Community playground & splash pad across the street.

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735 N Arroya Road Apache Junction, AZ 85119

$575,000

3 Beds

2 Baths

1,543 SqFt

Status Active

MLS # 6741798

Property Type Single Family Residence

Price Type --

Amazing Horse Property with Spectacular Superstition Mountain Views on a 1 acre lot Featuring a 3 Bedrooms Split Great Room Floor Plan. Vaulted Ceilings and Lots of Plank Tile Flooring & Accent Paint. the Kitchen Features Granite Slab Counters, Hickory Raised Panel Cabinets with crown molding, Basin Sink and Stainless-Steel Appliances, Additional Cabinets in Laundry Room, a Spacious Owners Suite with Owners Bath that Features a Tile Surround Shower, Oversized Secondary Bedrooms, Covered Patio with Fenced Yard. Separate Chicken Coops and Storage, there are 3 horse corrals with automatic watering, an arena and tack room & hay shed. New roof and AC in 2017. Easy access to walking & riding trails. Amazing Views!

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4246 N 36th Street Phoenix, AZ 85018

$575,000

3 Beds

1 Bath

1,058 SqFt

Status Active

MLS # 6605090

Property Type Single Family Residence

Price Type --

Seller wants this one Sold! This beautiful 3 bed 1 bath home boasts new flooring, new windows, new paint, new stucco, new appliances, a new garage, pool, and a beautifully landscaped yard, to name a few. Located in the highly sought after Arcadia Lite Community, this home has a prime location with easy access to the Biltmore area, fine dining, shops, and easy access to the 51 as well as the 202. The size and location make this a great investment property as well, for long term or short term tenants. Please come check it out today, and lets get you into your new home.

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3705 E Toltec Court Sierra Vista, AZ 85650

$575,000

5 Beds

3.5 Baths

3,595 SqFt

Status Active

MLS # 6662115

Property Type Single Family Residence

Price Type --

This beautiful, spacious 5BD/3.5BA/3CG, 3595 sq ft home is located in Sierra Vista, AZ near Fort Huachuca, Canyon Vista Medical Center, shopping, and schools. This home has a stunning kitchen with granite countertops, two large living areas, travertine tile floors, and a spacious backyard! The home is all electric and includes a double oven, two a/c units, two septic tanks, and a spacious garage. This home is the definition of space and comfort! Call today!

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11145 E Posada Avenue Mesa, AZ 85212

$575,000

3 Beds

2 Baths

1,775 SqFt

Status Active

MLS # 6660177

Property Type Single Family Residence

Price Type --

Beautiful upgrades throughout with oversized lot. Back yard is an entertainers dream with paver walkways and seating area. Patio has roll down screen to enclose the porch. Kitchen cabinets upgraded with nice granite and tasteful colors. Furnished with desireable modern furniture. His & her closets and sinks in master bath. The owner will be taking golf cart, tools, work benches, fire pit out back and storage container out back. buyer to pay $2212.5 capital improvement fee

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805 N Sophie Burden Drive Wickenburg, AZ 85390

$575,000

3 Beds

2 Baths

2,093 SqFt

Status Active

MLS # 6668071

Property Type Single Family Residence

Price Type --

No HOA!!! Beautiful slump block home located on 3.5 acres with panoramic views!! So much charm and personality with this Jeff Barnes home!! Over 2000 sq ft that includes 3 bedrooms plus a media/office space. Updated kitchen with stainless steel appliances! Fireplace and arched windows/doorways add to the charm. Back yard living at its best with a beautiful lawn, slump block wall, mature trees and breathtaking views!!! Extended length garage, RV parking and covered patios! Close to roping arena!!!Don't wait to view this amazing Wickenburg home!!

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1844 W Lewis Avenue Phoenix, AZ 85007

$575,000

3 Beds

2 Baths

1,995 SqFt

Status Active

MLS # 6744101

Property Type Single Family Residence

Price Type --

10K SELLER CONCESSION for Buyer rate buy down & closing costs. This gem sits in an exclusive 18-residence enclave that backs to the Encanto Golf Course. Discover the charm of this 1-level home nestled on a 1/4-acre corner lot! Great curb appeal with a grassy front yard, 2-car garage, & a front porch. Enter to find a large living/dining rm & separate family room w/french door to the back! Natural light filled the spaces, complemented by a designer palette & tile flooring t/out. The impressive kitchen has SS appliances, mosaic tile backsplash, cabinetry w/crown molding, a breakfast bar, & a cozy nook. Main bedrm boasts a walk-in closet & a Jack & Jill bathrm w/dual sinks. Spacious backyard w/a covered patio, detached workshop/storage shed, RV gate & parking from the alley! OWNED SOLAR++

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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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