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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11165 E Segura Avenue Mesa, AZ 85212

$575,000

5 Beds

3 Baths

2,566 SqFt

Status Active

MLS # 6753677

Property Type Single Family Residence

Price Type --

Back on the market and priced to sell motivated sellers are willing to help buyers with $10,000 in closing cost. Beautiful 2 story home in the desirable community of Bella Via in Mesa with 2566 Square Feet of living space. Huge backyard to entertain family and friends. Stylish granite counter tops in kitchen with massive pantry, tile flooring, new paint in the interior of the home and new carpet upstairs in all the rooms. This amazing floor plan features 5 bedrooms and 3 baths. Located in Southeast Mesa Tech Corridor with major growth development. Community has multiple parks and amphitheater! Close to shopping, restaurants and freeways. This home won't last!

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9595 S Kings Ranch Road Hereford, AZ 85615

$575,000

3 Beds

2 Baths

2,304 SqFt

Status Active

MLS # 6697167

Property Type Manufactured Home

Price Type --

Hold your horses...here in Southern Arizona! This once working horse stable is now just home to a few horses and mules. 30 acres of amazing horse stables, round pens, tack room, hay barn and beautiful home await you and your livestock. Home is a large manufactured home with three bedrooms and a large office/den off of the family room. Horseshoe kitchen has plenty of counter space for baking and working. Island area with room for sitting and convenience. This floorpan is open and airy. Large secondary bedrooms are split form the incredible master bedroom and bathroom. This property borders Arizona state land to the south. Fully fenced and sectionalized for dividing and working your animals. Water and power to the many out buildings and pole barns.

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7604 W Molly Drive Peoria, AZ 85383

$575,000

3 Beds

2 Baths

1,882 SqFt

Status Active

MLS # 6708257

Property Type Single Family Residence

Price Type --

Beautiful home in the gated community of Rock Springs featuring 3 Bedrooms/Den/2 Bathrooms and Pool! Don't miss this opportunity to purchase this low maintenance, upgraded, modern gem. Located on a corner lot, North/South facing, extended driveway are all exterior bonus features. The interior showcases an open-concept Great Room, modern kitchen with spacious island for entertaining, and recessed entertainment wall. The den or flex-room is located off of the Great Room and the two other bedrooms are split from the Master Bedroom. The upgraded garage has storage cabinets, overhead storage, and space for refrigerator. Energy efficiency and low utilities are other features of this well built home.

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725 W Palo Verde Street Gilbert, AZ 85233

$575,000

5 Beds

3 Baths

2,501 SqFt

Status Active

MLS # 6741137

Property Type Single Family Residence

Price Type --

Wonderful 5 bed, 3 bath home with pool in prime Gilbert location! Top features include: high ceilings in family room, beautiful stone feature wall in dining room, wood burning fireplace in living room off the kitchen, newer SS appliances in the kitchen, bedroom & full bathroom on main level, 3 oversized bedrooms upstairs, huge primary suite w/ jetted soaking tub & tiled walk-in shower, and all rooms have blinds & ceilings fans. Backyard offers a covered patio, entertainers area w/built-in table, seating around firepit, BBQ area, & a built-in chiminea. Pebble tec pool is fenced & has a variable speed pump, and large grassy area as well. All of this just a couple miles from Downtown Gilbert, highway access, restaurants, shopping, hospitals, and so much more. Make it yours today!

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16242 N 11th Place Phoenix, AZ 85022

$575,000

3 Beds

2 Baths

2,149 SqFt

Status Active

MLS # 6724834

Property Type Single Family Residence

Price Type --

Discover your dream beautiful single-level home Phoenix's Moon Valley area, just north of Lookout Mountain. All windows, including the patio slider, were replaced in 2019 with dual pane, low-e vinyl for energy efficiency. Two RV gates, including one with electrical hook up and clean out capability. Three bedrooms, including two master suites with a split floorplan, both master bathrooms boast snail walk-in showers, with one also featuring an incredible soaking tub with jets. Both master closets are cedar-lined. The kitchen, equipped with white cabinets and elegant granite countertops, opens to the family room, creating a welcoming space for gatherings. Frig included! Large Laundry room with Washer & Dryer Included. The large grassy backyard is an entertainer's paradise with Pebble Tec pool featuring a variable speed pump, water feature, gazebo with BBQ grill & a spacious storage shed. Enjoy the community park and dog park just minutes away, along with private access to mountain hiking trails. Don't miss this opportunity to own a home in a prime location! Located near shopping, top-rated schools, exquisite dining options, and amazing hiking trails.

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3044 E Cholla Street Phoenix, AZ 85028

$575,000

3 Beds

2 Baths

1,609 SqFt

Status Active

MLS # 6753541

Property Type Single Family Residence

Price Type --

REMODELED GEM in the Sheaborhood! As you approach, you'll be greeted by the welcoming front porch. Inside contemporary design elements give this home its undeniable appeal. You'll immediately feel at home in one of the two spacious living areas, perfect for both entertaining guests and enjoying quiet evenings. Notice the open floor plan, enhanced by natural light pouring in. The heart of this home is the gourmet kitchen, completely remodeled with sleek quartz countertops, stainless steel appliances, and stunning cabinetry. Down the hall, you'll find three generous bedrooms. The primary suite features an en-suite bath with a walk-in shower. Step outside to the large covered patio, ideal for Arizona's sunny days. Prime location. No HOA. Shopping, dining, hiking, PV Schools.

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4525 N 66th Street Unit 77 Scottsdale, AZ 85251

$575,000

3 Beds

2.5 Baths

2,109 SqFt

Status Active

MLS # 6743963

Property Type Townhouse

Price Type --

Welcome to this stunning, fully renovated home nestled on a spacious corner lot in a sought-after gated community. The bright, open floor plan features a modern, sleek kitchen with that flows seamlessly into the living & dining areas, perfect for entertaining. The primary bedroom is conveniently located on the main floor and upstairs, you'll find two additional bedrooms and a full bath. Outside, enjoy a generously sized yard, ideal for relaxation or play. With its prime location, updated finishes and ample natural light, this home combines contemporary elegance with practical living in a secure, serene neighborhood. This is a rare find, blending luxurious living with a prime, accessible location that puts you just moments away from shopping, dining, and top-rated golf courses.

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20290 S 230th Place Queen Creek, AZ 85142

$575,000

3 Beds

2.5 Baths

1,960 SqFt

Status Active Under Contract

MLS # 6721507

Property Type Single Family Residence

Price Type --

BETTER THAN NEW, AND MOVE IN READY! IN BARNEY FARMS RESORT LAKE COMMUNITY. Welcome to your picturesque lake community oasis at Barney Farms in Queen Creek. This 2 year old stunning home, with tons of upgrades and designer touches throughout. Step inside to discover a gourmet kitchen featuring top-of-the-line GE Profile Cafe series appliances. The custom fireplace entertainment center adds warmth and charm to the spacious living area, creating an inviting ambiance year-round. With 3 bedrooms and 2.5 bathrooms, including a luxurious master suite, this home offers ample space and comfort for the whole family. The 3-car tandem garage provides plenty of room for vehicles or storage. Barney Farms Resort Lake community is perfect for relaxing evenings or weekend gatherings with friends and family. Enjoy kayaking and canoeing adventures on the lake or cool off at the expansive pool and aquatic center. The clubhouse features volleyball, pickleball, and bocce ball courts. Children's zip lines, extensive walking trails, numerous parks, green spaces around the community lake provide luxury living at Barney Farms, one of Queen Creek's most desirable neighborhoods.

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18146 W Ocotillo Avenue Goodyear, AZ 85338

$575,000

4 Beds

2.5 Baths

2,700 SqFt

Status Active

MLS # 6679058

Property Type Single Family Residence

Price Type --

Four Bedroom - top-of-the-line (semi-custom) property has it all. GATED COMMUNITY is located within the popular Estrella Mountain Ranch with all its amenities - community pool and exercise amenities, lakes, and golf course. Granite countertops - an extra large island, Cherry wood cabinets, and classic dark wood shutters are just a few of the upgrades—the large entry door to the foyer - tile throughout most of the home. Wrought iron wine bar enclosure, stone fireplace, and stainless steel appliances are a few more reasons you will want to own this spectacular home—schools—large within proximity. Back yard has a grassy island and a variety of plants. Owner/Agent

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4252 E Chaparosa Way Cave Creek, AZ 85331

$575,000

4 Beds

2.5 Baths

2,001 SqFt

Status Active

MLS # 6719049

Property Type Single Family Residence

Price Type --

Welcome to your dream oasis nestled in the heart of the desert! This exquisite 4-bedroom, 2.5-bathroom home boasts coveted NORTH/SOUTH exposure, ensuring ample natural light throughout the day. Equipped with sunscreens on every window, your home stays cool and comfortable year-round. Plantation shutters grace the main level, offering privacy and elegance. The large, bright eat-in kitchen features maple cabinets, a tile backsplash, and abundant counter space for meal preparation. The grand entrance sets the stage for the spacious great room, adorned with Porcelain tile and Cherry wood flooring. Outside, the backyard oasis beckons with a covered patio, mature landscaping, and grass area. in the garage you will find a water softener and epoxy flooring. Near Desert Willow Park, Schools & Golf

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42614 W Bravo Drive Maricopa, AZ 85138

$575,000

5 Beds

3 Baths

3,956 SqFt

Status Active

MLS # 6698521

Property Type Single Family Residence

Price Type --

Experience unmatched charm & spacious living in this captivating residence, boasting one of the largest floorplans in Rancho El Dorado. Nestled on an enviable lot, this home sits just behind the tee box on Hole 3, offering a breathtaking view without the worry of stray balls, broken windows or noise inside the home . Each bedroom exudes generous proportions, w/ the master suite stretching an impressive 31 feet w/ a private balcony that streches the lenght of the bedroom- explore the floor plans on our Matterport link or in the documents tab for a closer look. Step into the backyard oasis, reminiscent of a resort, complete with a charming 25x20 ft gazebo, heated sparkling pool, & in-ground jacuzzi - the perfect setting for outdoor enjoyment and relaxation. Car enthusiasts .. ... will appreciatethe expansive 3 car garage with ceiling storage racks. Entertainment abounds with two family/living rooms and a sprawling loft, providing ample space for gatherings or relaxation. Storage is abundant throughout, ensuring clutter is never a concern. Rancho El Dorado is unbeatable with convenient access to multiple grocery stores and at the north end of town with immediate access to 347 going into the rest of the valley. Pool and cool deck were refinished with micropebble in 2023. Exterior of home was repainted in 2023. Rancho el dorado has two elementary schools, many parks and a beautiful lake. Discover the lifestyle you've been dreaming of in this remarkable home, where luxury meets comfort at every turn.

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4013 W Saguaro Park Lane Glendale, AZ 85310

$575,000

4 Beds

3 Baths

2,723 SqFt

Status Active

MLS # 6727373

Property Type Single Family Residence

Price Type --

THIS IS IT!!! Soaring vaulted ceilings welcome you home with tastefully placed skylights that bathes the place with natural light. This home is truly unique with rich finishes & stylish colors. This open concept is a dream for entertainers with its kitchen island that overlooks the family room. Grey wash oak cabinets offer plenty of space for storage, gleaming sile stone counter tops are accented with a glass subway tile backsplash. Grey wood look tile on the main level of the home creates a sleek look to the space. All the bathrooms have stylish updates including a tile surround, while the ensuite bath gives major spa vibes with its separate tub/shower and dual sinks. The owner's suite is huge w/ a built in office. The backyard feels like another state with large mature trees. MUST SEE

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