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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147 E Carob Drive Chandler, AZ 85286

$574,999

3 Beds

2.5 Baths

2,443 SqFt

Status Active

MLS # 6731727

Property Type Single Family Residence

Price Type --

Finally, your desired home is here! This beautiful gem reveals 3 beds, 2.5 baths, and a den! Discover the inviting living room boasting a double-height ceiling, media niche, and sliding glass doors to the back patio. Large eat-in kitchen comes with recessed lighting, granite counters, plenty of espresso cabinets with crown moulding, a prep island with a breakfast bar, subway tile backsplash, and stainless steel appliances. The primary retreat is downstairs for convenience, which provides plush carpet, a private ensuite with dual sinks, separate shower & tub, and a walk-in closet. Flexible loft is ideal for an entertainment area! The easy-care backyard has a covered patio where you can sit and enjoy relaxing evenings. This one-of-a-kind property won't last long! Act swiftly!

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10508 S 48th Glen Laveen, AZ 85339

$574,995

3 Beds

2.5 Baths

2,390 SqFt

Status Active

MLS # 6720353

Property Type Single Family Residence

Price Type --

Boasting an open layout ready-made for entertaining, the Pinecrest plan centers around an expansive great room with multi slide doors that open to a covered patio, a dining nook and an impressive gourmet kitchen boasting a convenient island, white shaker cabinets, quartz counters, black matte fixtures throughout, and a walk-in pantry. The elegant primary suite is adjacent, showcasing an immense walk-in closet and a private bath with deluxe walk-in shower. This home has 10' ceilings, luxury vinyl plank flooring, tiled baths, and carpeted bedrooms. Two additional bedrooms, a study, and convenient laundry room round out the plan.

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17592 W Running Deer Trail Surprise, AZ 85387

$574,995

3 Beds

2.5 Baths

2,390 SqFt

Status Active

MLS # 6673380

Property Type Single Family Residence

Price Type --

This home includes a 2-car tandem and attached RV garage, which conveniently welcome you home. Inside, a well-appointed gourmet kitchen is flanked by a spacious great room and a dining room. You'll also appreciate a flex room, two secondary bedrooms and a primary suite with a private deluxe bathroom and ample walk-in closet space. A mudroom and walk-in laundry room are also included. Kitchen features include: an impressive kitchen with center island, stainless appliances and walk-in pantry. Plenty of storage is available in the oversized 42'' upper cabinets. White painted cabinets are located in the kitchen and bathrooms. The gourmet kitchen is complete with quartz countertops, built in stainless appliances including oven/microwave, dishwasher and counter gas cooktop. This tile plank runs throughout the home, with carpet in the bedrooms. Outside the home you'll also appreciate new landscaping, paver front entry and driveway. Rear covered patio. The large RV garage is includes a tankless water heater, water softener preplumb and RV cleanout. Preserve at Desert Oasis II is a community complete with walking trails and community pool.

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4809 W Stargazer Place Laveen, AZ 85339

$574,995

3 Beds

3 Baths

2,390 SqFt

Status Active

MLS # 6696690

Property Type Single Family Residence

Price Type --

Boasting an open layout ready-made for entertaining, the Pinecrest plan centers around an expansive great room, a dining nook and an impressive gourmet kitchen boasting a convenient island and a walk-in pantry, quartz counters, Shaker cabinets. The elegant primary suite is adjacent, showcasing an immense walk-in closet and a private bath with separate drop-in tub and large shower. Two additional bedrooms, a study, a laundry and a covered patio round out the plan.

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24030 N 171st Drive Surprise, AZ 85387

$574,995

3 Beds

2.5 Baths

2,390 SqFt

Status Active

MLS # 6685257

Property Type Single Family Residence

Price Type --

Are you ready for your new home at Asante? Come tour this beautiful Pinecrest plan. Boasting an open layout ready-made for entertaining. This plan centers around an airy great room, a dining nook and an impressive gourmet kitchen with a convenient island. The elegant owner's suite is adjacent, showcasing dual walk-in closets and a private bath featuring walk in shower and drop in tub . Two additional bedrooms, a study , great room featuring amazing corner multi slide doors off great room and covered patio . Bring your backyard oasis vision that will make this home the one always dreaming of. Includes a 2-car garage and separate side turn garage.

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35170 N Covelite Way San Tan Valley, AZ 85144

$574,995

4 Beds

2.5 Baths

2,980 SqFt

Status Active

MLS # 6637452

Property Type Single Family Residence

Price Type --

Modern luxury meets elegant design in this stunning quick move-in home. The open-concept kitchen provides connectivity to the main living area with prime access to the outdoor patio. The casual dining area is adjacent to the kitchen and provides a convenient and intimate setting. Create your ideal living space with a generous flex room located on the first floor as well as an upstairs loft. Highlights of this home include two-toned cabinets in the kitchen, beautiful quartz countertops, upgraded Kitchen Aid appliance package, under-cabinet lighting in the kitchen, an electric fireplace and so much more. Explore the possibilities in this mountain view home!

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23964 N 171st Lane Surprise, AZ 85387

$574,995

4 Beds

2.5 Baths

2,630 SqFt

Status Active

MLS # 6720282

Property Type Single Family Residence

Price Type --

Ease and elegant design blend beautifully in the ranch-style Pomona plan. An inviting great room is at the heart of the open layout, adjacent to a dining nook and a kitchen showcasing a pantry and a center island. Aspiring top chef? This home has gourmet kitchen features! The impressive owner's suite offers a walk-in closet and a private bath with a deluxe, large walk-in shower. Three additional bedrooms, a central study and a laundry round out the floor plan, which includes a covered patio, a 2-car garage and a 1-car side-turn garage. This home features 10 ft ceilings, paver driveway, Wood look tile flooring, Quartz countertops, Super shower with an additional rainfall shower head & many more upgrades.

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16408 W Creedance Boulevard Surprise, AZ 85387

$574,995

3 Beds

2.5 Baths

2,500 SqFt

Status Active

MLS # 6647548

Property Type Single Family Residence

Price Type --

This gorgeous ranch-style Cassandra plan showcases an open layout with a great room, a breakfast nook and a large kitchen with multi-slide doors for fabulous natural light. Home includes a Master bedroom with generous closet, Deluxe bath with shower and tub. 2 more bedrooms, and a spacious den complete this home. Boasting Quartz kitchen countertops, 42'' cabinets and 6x35 Tile throughout, carpet only in bedrooms. A MUST SEE!

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23993 N 171st Lane Surprise, AZ 85387

$574,995

4 Beds

3 Baths

2,630 SqFt

Status Active

MLS # 6685241

Property Type Single Family Residence

Price Type --

Amazing home on an extra large lot! Ease and elegant design blend beautifully in the ranch-style Pomona plan. An inviting great room is at the heart of the open layout, adjacent to a dining nook and a kitchen showcasing a pantry and a center island. Aspiring top chef? This home has gourmet kitchen features! The impressive owner's suite offers a walk-in closet and a private bath with a deluxe, large walk-in shower. Three additional bedrooms, a central study and a laundry round out the floor plan, which includes a covered patio, a 2-car garage and a 1-car side-turn garage. Make this home yours!

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710 E Aurora Drive San Tan Valley, AZ 85140

$574,990

3 Beds

2.5 Baths

1,970 SqFt

Status Active

MLS # 6755573

Property Type Single Family Residence

Price Type --

Ready for immediate Move-in!! This Tacoma home features a split floor plan with 3 bedrooms, 2.5 bathrooms and a 3-car garage. The open living area is highlighted by vaulted ceilings creating an inviting space perfect for gathering with family and friends. Designed with our signatures Farmhouse inspired ''Looks'' interior design collection, this home showcases Light Stain Cabinets with Quartz Countertops, Brushed Nickel Hardware! Wood look tile in the living areas and carpet in the bedrooms complete this home! Don't miss your chance to make this home yours!!! ^^^Up to 6% of Base Price can be applied towards closing cost and/or short-long term interest rate buydowns when choosing our preferred Lender. Additional eligibility and limited time restrictions apply.

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20234 W Catalina Drive Buckeye, AZ 85396

$574,990

3 Beds

2 Baths

2,224 SqFt

Status Active

MLS # 6670246

Property Type Single Family Residence

Price Type --

It's the stunning Crimson - Multi door that leads out to the extended covered patio perfect for entertaining. Stainless steel gas appliance package with a 30'' cooktop, wall oven. Duraform ''Espresso'' cabinets with 42'' kitchen uppers. Silver Falls granite countertops in kitchen and at the enhanced kitchen island. Upgrade flooring includes 5'' baseboards and door casing EMS Anthem white 18x18 tile in all areas of the home except bedrooms and closets. Interior two tone paint - Whiskers. Dual sinks at bath 2, Stub out for future BBQ, soft water loop, 8' tall garage door, garage door opener with two remotes, garage service door for easy access into the backyard and so much more. Estimated completion in March.

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25936 N 22nd Lane Phoenix, AZ 85085

$574,990

3 Beds

2.5 Baths

1,846 SqFt

Status Active

MLS # 6756407

Property Type Single Family Residence

Price Type --

Papago home plan with 1846 square feet on 2 levels with 3 bedrooms and 2.5 bathrooms and a 2 car garage. The exterior features a Farmhouse style elevation, front yard landscaping, pavers at the covered front entry, and a gas BBQ stub in the side yard. Interior features 9' ceilings & 8' doors, open concept with kitchen including stainless steel gas range, microwave/hood combo, 5 cycle dishwasher, quartz countertops, and tile backsplash. Silver gray painted shaker style cabinets throughout with chrome pulls including kitchen trash/recycle pullout. Matching executive height vanities in bathrooms. 6x36 tile through the main level and in wet areas on the 2nd level, primary bath to include 8x8 tile. Upgraded carpet and pad throughout. Electrical and low voltage upgrades will consist of a flat-screen ready recessed in the wall TV box, a separate switch prewire for pendant lights above the kitchen island, and a prewire for ceiling fans in bedrooms. Tree-lined streets, pedestrian-friendly sidewalks, and a 5,500 sf recreation center with a resort-style pool a kiddie pool, shaded ramadas, parks, gathering areas, pickleball courts, and basketball. Close to I-17, 101, and 303. Walking distance to restaurants, movies, entertainment and shopping.

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