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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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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3474 N Hogan Drive Goodyear, AZ 85395

$574,900

2 Beds

3 Baths

2,215 SqFt

Status Active Under Contract

MLS # 6688330

Property Type Single Family Residence

Price Type --

THIS IS ONE AMAZING HOME.....BEAUTIFULLY APPOINTED TOPAZ MODEL WITH LARGE ADDITION(2021), OWNED SOLAR(2016) & GOLF COURSE LOT WITH MOUNTAIN VIEWS.....MOVE RIGHT IN & ENJOY THE AMAZING SUNSETS FROM YOUR WEST FACING BACKYARD...Oversized Backyard Large Enough For Pool, Hot Tub, & Any Of Your Favorites! Extended Paver Brick Patio That Looks Brand New! MUST SEE THIS BACKYARD...DREAM LOCATION & VIEW.... Neutral Tone Tile & Carpet Flooring & Wall Paint! Updated Light Fixtures & Lots Of Canned Lighting! Large Owner's Bedroom With Private Bath! Large Addition Added On In 2021 In Front Of The Property Extending 2nd Bedroom & Adding A Beautiful 3rd Bath, Large Closet, & Large Bar Area For A Small Refrigerator, Microwave, & Coffee Pot.. Addition Would Make A Great Casita Just Needs Entrance To The Outside Which Can Easily Be Put In! This 3 Bathroom & Large 2 Bedroom Home Would Be A Perfect Fit For A Related Or In-Law Use! Each Bedroom Features Individual MiniSplit For Additional Comfort! The Garage Has Been Customized With New Grey Cabinetry, New Epoxy Floor Coating, & Aluminum Diamond Plating Garage Walls! Call To See This Home Right Away As This One Will Be Gone Quick... All This Located In The Scottsdale Of The West ... Pebble Creek Resort Community!! Offering 3 18-Hole Golf Courses, 40+ Pickleball & Tennis Courts, 3 Outdoor & 1 Indoor Pool, Theatre, Art Center, & So Much More!

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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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20322 E Broadmoor Trail Queen Creek, AZ 85142

$574,900

4 Beds

2.5 Baths

1,959 SqFt

Status Active

MLS # 6738864

Property Type Single Family Residence

Price Type --

Amazing Queen Creek home in the Victoria Heights community! 43 panel solar system is OWNED! SAVING you BIG on your utility bills! Property is situated on a corner lot surrounded by all single story homes! Backyard living is abundant! North South exposure, covered patio, travertine pavers, plush landscape, faux grass and gorgeous heated private pool built in 2021 that is HEATED BY SOLAR! Kitchen boasts oak cabinetry, granite countertops, stainless steel appliances and walk in pantry. Family room with slider that overlooks the pool! Primary suite with a walk in shower and large closet. Lots of natural abundant light! Laundry room with cabinets and utility sink! 2 car garage with epoxy floors. Close to everything that Queen Creek has to offer! Pride of ownership shines!

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26001 S Drifter Drive Sun Lakes, AZ 85248

$574,900

2 Beds

2.5 Baths

1,979 SqFt

Status Active

MLS # 6635749

Property Type Single Family Residence

Price Type --

Spectacularly remodeled 2 bdrm+Den & 2.5 bath home on HUGE corner lot w/ low maintenance yard, large covered patio, & a beautiful fountain w/new pump. New cabinets & quartz counters throughout home w/ HUGE Kitchen Island. Ample storage incl. HUGE pantry w/barn door! Large beautiful wood-burning fireplace. New AC unit on roof & new Split-System. New roof w/ transferrable warranty. Solar panels prepaid w/nearly 8 years left on FULLY prepaid solar assignable lease. All floor-level windows are new. Brand new SS appliances incl. fridge, drawer microwave, & wine/soda fridge convey. New plank tile floors throughout. New water heater. Both showers are newly tiled w/lge glass enclosure in master & separate tub for soaking. All new fixtures + ceiling fans w/remotes! Fresh paint in/ out. OWNER/AGENT

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18207 W Banff Lane Surprise, AZ 85388

$574,900

4 Beds

2 Baths

2,706 SqFt

Status Active Under Contract

MLS # 6736953

Property Type Single Family Residence

Price Type --

This stunning corner property in Sierra Montana boasts exceptional curb appeal with a three-car garage and a lush, green lawn. Step inside to discover an elegant interior featuring plantation shutters, soaring ceilings, and an abundance of natural light. The spacious living and dining room combo flows seamlessly into the open-concept family room, both enhanced by pre-wired surround sound. The impressive kitchen is a chef's dream with stainless steel appliances, granite countertops, ample maple cabinetry, and a breakfast bar. The primary bedroom offers an ensuite bathroom with dual sinks and a walk-in closet. The entertainer's oversized backyard is an oasis, complete with a covered patio, storage shed, beautifully laid flagstone, and a refreshing pool and spa. Enjoy added energy efficiency savings with the included solar panels with nine-years left on a prepaid lease. This home is truly exceptional!

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516 E Virginia Place Prescott, AZ 86301

$574,814

3 Beds

1 Bath

1,116 SqFt

Status Active

MLS # 6722307

Property Type Single Family Residence

Price Type --

Walking distance to downtown events, shops, restauraunts, Meadery and more. Also great for travelers that wish to go to Watson and Willow Creek lakes, Lynx lake or even a road trip further up north like Cottonwood, Jerome, Flagstaff and Sedona! This cute FULLY FURNISHED cottage is nestled in one of Prescott's prettiest historic neighborhoods, and is currently being used as an awesome airbnb. It would make a great family getaway from the heat of Phx, or just a cozy starter home as well! This 3 bedroom, 1116 sf home was built in 1973. It is decorated in an industial-modern style, with a cozy corner fireplace, marble-style quartz countertops, stainless steel appliances, and lots of designer details throughout. Side patio is private with artificial turf; front courtyard entry is THE place to relax and unwind! KEY FEATURES: 3 Bedrooms , main bedroom with King Bed! 2nd Bedroom: Queen 3rd Bedroom: 2 twins Large bathroom with double sinks Fully Equipped Kitchen Smart tv Pull out Sofa for Extra Guests Kids Utensils and plates/bowls Easy transportation available, Uber, Lyft, Taxi etc

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26642 W Covey Lane Buckeye, AZ 85396

$574,700

3 Beds

2.5 Baths

2,800 SqFt

Status Active

MLS # 6713449

Property Type Single Family Residence

Price Type --

MOTIVATED SELLER! PRICED TO SELL! THIS HOME WITH OWNED SOLAR & 2. 5 CAR GARAGE IS AN INCREDIBLE DEAL! The private front courtyard leads to an open concept floor plan w/neutral tile & carpet in all the right places, tons of storage space & plantation shutters throughout. Kitchen features chef lux cabinet layout, 5 burner gas cooktop & large island with seating. The large dining area features built in, lighted upper glass cabinetry. The expansive flex space can be used for formal dining, office or den. Main Suite features an enormous no threshold shower, vanity, & his /hers closets. The 2nd & 3rd bedrooms have walk-in closets and an adjoining full size bath. The extended, patio overlooks the beautifully landscaped, low maintenance, private, walled yard, w/spa, built in BBQ, & fire pit

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352 E Citrus Hollow Way Queen Creek, AZ 85140

$574,637

2 Beds

2.5 Baths

1,678 SqFt

Status Active

MLS # 6639855

Property Type Townhouse

Price Type --

This brand new Valletta model is move-in ready! It features a spacious layout with plenty of natural light. The kitchen is fully equipped with stainless steel appliances and granite countertops. It has a gourmet kitchen, gas cooktop and will be the perfect place to entertain your guests. Both bathrooms are highly upgraded with tile surround and upgraded fixtures. The resort collection at Encanterra offers you the perfect balance if you are a seasonal owner or full time. Book your tour today and start living the good life at Encanterra now!

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