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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520 S Roosevelt Street Unit 1009 Tempe, AZ 85281

$574,900

2 Beds

2.5 Baths

1,483 SqFt

Status Active

MLS # 6743200

Property Type Apartment

Price Type --

Tempe Urban Living, now ''Skye 15 Lofts'', nestled within the Riverside-Sunset Neighborhood just west of Mill Avenue in Downtown Tempe, is truly an architectural gem. Designed by the Baldinger Studio, this large 2 bed, 2.5 bath loft shares a common modern DNA: open floor plans, exposed block construction, Rooftop Terraces, urban Backyard w/synthetic grass, and European style cabinetry. But most importantly, they share modern minimalist architecture that is unique not only to Downtown Tempe, but to the entire Valley of the Sun. This dwelling is walking distance to the Metro light rail, Tempe Town Lake, Mill Ave Streetcar, Whole Foods Marketplace, Mill Avenue with tons of shops and restaurants, ASU and everything else downtown Tempe has to offer!

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22241 E Calle De Flores Street Queen Creek, AZ 85142

$574,900

3 Beds

2 Baths

1,708 SqFt

Status Active

MLS # 6759423

Property Type Single Family Residence

Price Type --

This single level gorgeous Arizona golf course home has it all! 3 bdrm + office. Split floor plan. 2 full baths w/ double sinks. Recently remodeled w/ many designer features. 2021 heated pool and spa w/ Intellicenter & modern travertine decking. Covered patio, perfect for relaxing all day! BACKS TO GOLF COURSE & you can watch Schnepf Farms fireworks from the backyard! 2021 full Trane AC/Furnace. 2020 water heater & kitchen appliances. Amazing location close to everything in Queen Creek.

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9812 E Pampa Avenue Mesa, AZ 85212

$574,900

5 Beds

2 Baths

2,472 SqFt

Status Active

MLS # 6752414

Property Type Single Family Residence

Price Type --

This 5 bedroom single level home is ready for new owners! With an oversized guest quarters/living space this property is perfect for multi generational living or an oversized office/game room. Equipped with NEW AC Units and a bright open floor plan you will love the layout of this well cared for home. The kitchen has a large island, tons of cabinet space and a large dining table for gathering. With a walk in pantry and oversized laundry there's plenty of room for storage. The oversized 3 car garage is air conditioned and has plenty of room for a workshop or gym. In the backyard you'll find a covered patio, garden with citrus and pomegranates, a water retention system and irrigation, as well as chicken coop! With quick freeway access you will love this location!

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225 E Mclellan Road Mesa, AZ 85201

$574,900

3 Beds

2 Baths

1,850 SqFt

Status Active

MLS # 6746273

Property Type Single Family Residence

Price Type --

Do not miss this charming 3-bedroom 2 bath upgraded home. This is one of the best lots in the sub-division. Wonderful corner lot with greenbelt across the street. Your entry leads to a spacious great room with 10-foot ceilings and windows looking out to your resort style backyard. The kitchen has been highly upgraded with beautiful cabinets, massive island and quartz counters. Enjoy a breakfast room as well as a large breakfast bar. Your master suite has a walk-in shower, dble vanity, water closet and a large walk-in closet. Both secondary bedrooms are good sized and share a bathroom. Large backyard with a sparkling Pebble Tech pool and lots of privacy from this corner lot. Whole house filtration system and solar. Custom Wood Blinds Throughout.

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913 S Del Rio Court Apache Junction, AZ 85120

$574,900

5 Beds

3.5 Baths

3,193 SqFt

Status Active

MLS # 6699419

Property Type Single Family Residence

Price Type --

You have finally found it! A spectacular ready-to-move-in spacious 5 bedroom, 3.5 bath, semi-custom home with solid 2 X 6 construction in the Sonoran Wells community in Apache Junction. This is a rare Arizona ''VIP Daylight Basement'' Home, with beautiful soaring ceilings, a formal dining room, a wide-open great room with a gourmet kitchen, island/breakfast bar, granite countertops, 42'' staggered cabinets with pull-out drawers, a GE Profile 5 Burner GAS cooktop, a KitchenAid dishwasher, and a sweet breakfast nook. The extra large master suite boasts big bright bay windows, a garden soaking bath, his and hers double vanity, a dazzling glass block walk-in shower, and two walk-in closets. The main floor guest bedrooms enjoy a super convenient Jack & Jill bathroom. If this isn't enough . . enjoy the800+ square foot cool and dry finished basement with a family room, 2 additional bedrooms, and another full bath! Enjoy the great outdoors in your beautiful lush green backyard from the shady covered patio. This easy to maintain home is wonderful for entertaining and relaxing. In addition to plenty of inside storage, this home also sports a massive air conditioned extended 3-car garage with insulated doors to keep your precious keepsakes safe and cool from the elements. A beautiful home, charming community, great schools, close to the Superstition Mountains. Stop by today and see how wonderful life can be in your new home! Don't wait as this home is priced to move quickly.

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2317 W Calle Marita Drive Phoenix, AZ 85085

$574,900

4 Beds

3 Baths

2,537 SqFt

Status Active

MLS # 6712770

Property Type Single Family Residence

Price Type --

THIS BEAUTIFUL NORTH PHOENIX HOME WON'T DISAPPOINT IN A QUIET CUL DE SAC OF THE SONORAN FOOTHILLS NEIGHBORHOOD. SPACIOUS 4 BEDROOM 3 BATHROOM FLOORPLAN HAS IT ALL WITH A FULL BEDROOM AND BATH DOWNSTAIRS. GORGEOUS KITCHEN WITH GRANITE COUNTERS, DESIGNER CABINETS AND NEWER STAINLESS STEEL APPLIANCES. UPSTAIRS LOFT FOR OFFICE OR PLAY ROOM. UPGRADED LUXRY VINYL WOOD FLOORS THROUGHOUT UPSTAIRS WITH NEUTRAL PAINT PALETTE AND NEW FIXTURES. OVERSIZED 2 CAR GARAGE WITH STORAGE AND EPOXY FLOORING. LOW MAINTENANCE FRONT AND BACK YARD WITH PLENTY OF ROOM FOR KIDS AND ENTERTAINING. WITHIN WALKING DISTANCE TO SONORAN FOOTHILLS SCHOOL, THE COMMUNITY CENTER WITH POOL, TENNIS COURTS, PICKLE BALL, BASKETBALL COURTS, SAND VOLLEYBALL, DOG PARKS, SPLASH PAD AND HIKING TRAILS. MINUTES FROM FREEWAYS, SHOPPING AND ALL NORTERRA HAS TO OFFER.

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1618 E Greenway Street Mesa, AZ 85203

$574,900

3 Beds

2 Baths

2,326 SqFt

Status Active

MLS # 6741820

Property Type Single Family Residence

Price Type --

This stunning home features a complete remodel with raised ceilings, newer wood-look tile flooring, and an open floor plan. NO HOA. The home boasts two fireplaces, adding warmth and charm. The kitchen offers a timeless and clean look with white cabinets and butcher block countertops, while a custom kitchen island adds valuable counter space and storage. Recent upgrades include a new roof, HVAC duct work, and new windows, ensuring comfort and energy efficiency. New driveways and walkways enhance curb appeal and accessibility. An additional driveway with an RV gate provides easy access to the huge backyard, perfect for recreational vehicles or additional parking. This opens up possibilities for outdoor activities. With a sparkling pool and a new oversized custom pergola.

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7813 E Dallas Street Mesa, AZ 85207

$574,900

4 Beds

2 Baths

1,932 SqFt

Status Active

MLS # 6751946

Property Type Single Family Residence

Price Type --

Welcome to your next home. This home features separate living and family rooms, open kitchen with breakfast bar, newer appliances, gas range, slide out drawers and breakfast nook. Vaulted ceilings though out, large master suite w/walk-in closet and walk-in shower. 3 car garage with all new openers, cabinets and new water heater. Beautiful recently resurfaced pebble tech pool with all new equipment. RV gate, lots of parking space, excellently landscaped front yard, Great schools, parks, shopping, commuting and NO HOA!

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27413 N 23rd Drive Phoenix, AZ 85085

$574,900

3 Beds

2 Baths

2,313 SqFt

Status Active

MLS # 6719855

Property Type Single Family Residence

Price Type --

LOCATION LOCATION LOCATION! This single story home is located in the most sought ever popular Norterra Dynamite Mountain Ranch! Move in ready 3 bedrooms with a sizeable den, 2 bath and 2 car garage. Cozy front porch. Impressive entrance with Vaulted ceiling. Updated wood tile like flooring and newly installed carpet and paint. Center Kitchen island. Freestanding Stainless steel stove, so is the microwave. Neutral kitchen Backsplash to include the tech area. Spacious pantry. Master's bedroom with wide walk-in closet. Large Covered patio. Close to Shopping, Restaurants and Entertainment, and TSMC. Minutes to I-17. A MUST SEE!!!

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17810 W Summit Drive Goodyear, AZ 85338

$574,900

4 Beds

2 Baths

2,381 SqFt

Status Active

MLS # 6722662

Property Type Single Family Residence

Price Type --

WOW!! Rare opportunity to own one of the few preserve lots in Estrella. Private setting with beautiful views, this premium lot (nearly 13,000 square feet) is a ''ONE OF A KIND''. Well kept home boasting 2381 square feet, 4 bedrooms & 2 baths is nestled by both lakes and all Estrella has to offer! Spacious kitchen opens to your family room with a fireplace & views of your incredible yard. An additional dining & living room or flex space for an office/ den. All the big ticket items have been done for you...NEWER ROOF, NEW PEBBLETEC POOL & TILE , TRANE AC & WINDOWS HAVE ALL BEEN REPLACED. Outside enjoy the oversized lot with FANTASTIC VIEWS perfect for entertaining. A refreshing pool, gazebo, BBQ, planter boxes, covered patio & of course the preserve as your neighbor. Buyer to verify info.

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33395 N 132nd Drive Peoria, AZ 85383

$574,900

4 Beds

2.5 Baths

1,940 SqFt

Status Active

MLS # 6748045

Property Type Single Family Residence

Price Type --

MOVE IN NOW! Welcome to your brand NEW HOME in Villages at Vistancia, North Peoria. With a premium oversized lot and a north-facing view, you are surrounded by the natural beauty of the Sonoran desert and the mountains. Step inside this elegant Shiloh Model by Beazer Homes. 1942 sq.ft. of living space, 4 BED + 2.5 BATHS + 2 CAR Garage with a Double RV Gate! Open concept main living area with classic herringbone-natural wood look porcelain tile floors, 12' great room double sliding doors, LED recessed canned lighting, oil rubbed bronze fixtures and hardware, upgraded designer wood shutters, blinds, trim, and doors throughout. The open-concept kitchen features beveled edge warm-tone granite countertops and an island, rich walnut cabinets, under-cabinet lighting,... stylish smoked glass pendant lighting, stainless steel Whirlpool appliances with double ovens, and a pantry for all your storage needs. Spacious master suite with wood shutter and can-lighting, master bath features porcelain tile floors, executive height granite vanity, double sinks, oil rubbed bronze fixtures, large walk-in shower with dark trim, and a walk-in closet. 3 additional bedrooms, a full bathroom, and a convenient powder room offer plenty of space throughout the home. Pre-wired for cameras, security flood lights, electric car, solar, and ceiling fans. Step out back and enjoy the scenic mountain views, bring your decorating ideas, and create your perfect Arizona oasis on this premium oversized lot. Neighborhood mountain views, close proximity to 303 freeway access, 20 minutes to TSMC, shopping, dining, entertainment, health care, and less than 20 min. away from beautiful Lake Pleasant Regional Park. Full list of updates available.

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12617 W Sells Drive Litchfield Park, AZ 85340

$574,900

5 Beds

2.5 Baths

3,394 SqFt

Status Active

MLS # 6715489

Property Type Single Family Residence

Price Type --

This is your chance to become the proud owner of this stunning property located in Wigwam Creek! Prepare to be impressed by a perfectly flowing layout featuring spacious living areas, neutral tile floor, a designer color palette, & arched doorways. The beautiful chef's kitchen is a cook's delight, offering sleek granite counters, a pantry, recessed lighting, maple cabinets adorned w/crown moulding, a chic mosaic backsplash, double wall oven, SS appliances, & a two-tier island w/a breakfast bar. Double doors open to the main bedroom, comprised of plush carpet in all the right places, a private bathroom w/dual sinks, a walk-in closet, & access to the fabulous balcony. Host fun gatherings in the serene backyard, including a built-in BBQ & covered/open patios! Full Workshop w/electric also!

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