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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9722 E Tungsten Drive Mesa, AZ 85212

$570,000

3 Beds

2 Baths

1,803 SqFt

Status Active

MLS # 6751256

Property Type Single Family Residence

Price Type --

This immaculate lightly lived Eastmark residence feels brand new and is packed with desirable upgrades. Featuring 3 bedrooms + a dedicated office, this home is perfect for modern living. Soaring 10-ft ceilings, wood-look tile flooring, and ample natural light create a bright and airy ambiance. The well appointed kitchen features KitchenAid stainless steel appliances, a gas range, and quartz countertops. It seamlessly flows into the spacious great room featuring an ample dining space and a living room complete with a view of the covered patio thru the builder installed sliding glass door. The large backyard is an oasis complete with green grass and a healthy ficus hedge providing privacy as well as many other lush plants including various young citrus trees This meticulously maintained home is truly move in ready with all appliances including a water softener staying. More than a neighborhood, Eastmark is a vibrant community. Eastmark isn't just about houses; it's about fostering genuine connections and nurturing community. Here, diverse residents actively shape a welcoming environment where neighbors become friends. Living in Eastmark means enjoying a resort-inspired lifestyle, including a luxurious pool, splash pads, numerous parks including the City of Mesa Great Park with a stocked fishing pond, farm-fresh fare at the Steadfast Farm, The Handlebar Diner, and The Mark, the state-of-the-art clubhouse with year-round events and family-friendly games

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2087 N 213th Drive Buckeye, AZ 85396

$570,000

5 Beds

3.5 Baths

2,590 SqFt

Status Active

MLS # 6727679

Property Type Single Family Residence

Price Type --

MOVE IN READY ENERGY EFFICIENT HOME! 5 bedroom, 3.5 baths, 3-car tandem garage & RV gate. Open floor plan with a gorgeous kitchen. All appliances as well as all TV's convey! BIG corner lot with room for a pool and great for entertaining. Private guest suite with full bath on first floor. Perfect as a ''Mother in law suite'' or for a multi-gen household. HUGE loft upstairs along w/other bedrooms and bamboo flooring! Enjoy the Community amenities including pools, playgrounds, picnic areas, gym, clubhouse, & more. 5 minutes from Verrado restaurants and shopping!

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7032 S 38 Place Phoenix, AZ 85042

$570,000

3 Beds

2 Baths

1,766 SqFt

Status Active

MLS # 6757238

Property Type Single Family Residence

Price Type --

Gated Community with a Spectacular Golf Course Lot located in the Pines at the Raven! Single level with 3 bedrooms, 2 bathrooms. Breathtaking golf course & mountain views. Chef's kitchen is open to the family room. Ceramic tile in the entire house. Fireplace in the great room. Very desirable split floor plan.

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20320 N Wagner Wash Drive Buckeye, AZ 85396

$570,000

3 Beds

2.5 Baths

2,191 SqFt

Status Active

MLS # 6759553

Property Type Single Family Residence

Price Type --

Step into this highly sought-after Refuge floor plan, thoughtfully designed to offer a blend of modern comfort & timeless beauty. The open-concept kitchen is complete with sleek quartz countertops & stacked kitchen cabinets. Beautiful wood-like laminate flooring runs throughout the home, providing warmth & elegance. The neutral tones & texture of the flooring complement any décor & make for easy maintenance. This beautiful home features 3 well-appointed bedrooms, offering ample space for relaxation & privacy. The versatile office/den can easily serve as a home office, hobby room, or extra guest space. Designed with convenience in mind, the home includes a 2-car extended garage plus a separate golf cart garage. Enjoy stunning desert mountain views & savor the beauty of endless sunsets.

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11226 E Posada Avenue Mesa, AZ 85212

$570,000

2 Beds

2 Baths

1,718 SqFt

Status Active

MLS # 6728991

Property Type Single Family Residence

Price Type --

Live your best life in the lovely Sunland Springs Village (SSV) 55+ Adult Community. This cozy 2 bd/2bth plus den has all the right touches. Pride of Ownership on Display! Enjoy the Living Area with Electric Fireplace; Porcelain Tile Wall, Stunning Wall of Glass looks out to Extended Patio w/ Travertine Tile, Pergola and 2 firepits. Stellar landscape design; Lush yard with sweet orange and lemon trees. Solar Roof Panels provide energy saving benefits. Plantation shutters adorn the windows. Extended kitchen with granite countertops and energy efficient appliances. This is not just a house but a HOME! Enjoy resort like community amenities: Rec Center, Clubhouse, Ping Pong, Billiards, Golf, Tennis, Pickleball, Shuffleboard, Heated Pools, Jacuzzi, Exercize Rooms, Yoga; SSV has it all! This is a Must See! Please visit the SSV HOA website to learn about the many clubs and activities available in this active adult community:

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20515 N 264th Avenue Buckeye, AZ 85396

$570,000

2 Beds

2 Baths

2,095 SqFt

Status Active

MLS # 6741698

Property Type Single Family Residence

Price Type --

VALUE! PAID SOLAR LEASE, PAID CFD, NEWER HVAC AND APPLIANCES. This 2 bed/2 bath/Den Destiny model has fabulous golf course views and sets on a quiet street yet it's close to the Sage Recreation Center, the Grill and the Golf shop (location, location, location). This is a quality Del Webb built home with many upgrades. See a more complete list in the Documents tab.

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4207 E Ford Avenue Gilbert, AZ 85234

$570,000

5 Beds

3 Baths

2,370 SqFt

Status Active

MLS # 6753341

Property Type Single Family Residence

Price Type --

INCREDIBLE ORIGINAL OWNER UNIQUE 5 BDR home in the HEART OF GILBERT. This Fulton Home features a vaulted ceiling great room with LARGE KITCHEN and tons of NATURAL LIGHT. Upstairs features primary suite + 2 additional bedrooms and full bath. Short steps down from great room features full FLEX SPACE, 2 additional bedrooms and a 3rd full bath! REAL WOOD FLOORS and tile throughout. BRAND NEW ANDERSEN WINDOWS, + AC & ROOF REPLACEMENT COMPLETED. Backyard features gardeners paradise: Pears and Pomegranates nearly ripe; Tangerines, Lemons and HUGE Ruby Red Grapefruit Tree, Katy Apricots and Figs in the Spring/Summer. Incredible fruit bearing grape vines on the west side and shade tree + paver patio provide the PERFECT BACKYARD CANVAS. Neighborhood park just down the street. Stop by today!

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195 E Bluejay Drive Chandler, AZ 85286

$570,000

4 Beds

3 Baths

2,271 SqFt

Status Active

MLS # 6747010

Property Type Single Family Residence

Price Type --

*EXCELLENT INVESTMENT OPPORTUNITY* Experience luxurious living in this stunning 4-bedroom, 3-bath home with an inviting upstairs loft & a convenient downstairs bedroom. This 5-star residence features high-end finishes throughout. The gourmet kitchen boasts designer-grade stainless steel appliances, a gas range, 42'' recessed cabinets, a spacious island with an undermount sink, & elegant granite countertops. The expansive great room flows seamlessly into the dining area & features built-in surround sound for your entertainment needs. Enjoy upgraded tile and carpet in all the right places. The oversized master suite includes a walk-in closet & a master bathroom with dual sinks. Additional highlights include a front-load washer & dryer, a water softener, an RO system, and blinds and (see More ceiling fans in every room. Take advantage of the community pool and park, and enjoy the convenience of nearby access to the 202 Freeway, shopping, dining, entertainment, sports venues, and schools. This home offers both comfort and style in a prime location.

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2102 S Nancy Lane Gilbert, AZ 85295

$570,000

3 Beds

2 Baths

1,804 SqFt

Status Active

MLS # 6736775

Property Type Single Family Residence

Price Type --

Beautiful single level home loaded with upgrades and priced to sell! Built by Fulton Homes in 2016 and now for sale from the original owner. Home features 3 bedrooms + den space and 2 baths with 2 car garage, loads of builder upgrades like gourmet kitchen package, granite countertops and staggard tile. Stunning iron and glass entry door completes the cute front patio and the home backs to a community road so no houses behind! Cooley station is one of Gilbert's favorite destinations with Verde and Epicenter close by and easy access to San Tan Village, the 202 freeway and Mesa Gateway Airport. Large community pool and central park with pickle ball court, bocci ball and playground. Check this home out before it's gone!

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3225 E Briarwood Terrace Phoenix, AZ 85048

$570,000

3 Beds

2 Baths

1,626 SqFt

Status Active

MLS # 6714200

Property Type Single Family Residence

Price Type --

Back on the marketl* Welcome to this stunning remodel nestled in the highly sought-after Lakewood community of Valencia Shores* The home boasts the perfect blend of comfort and elegance, making it an ideal place to call home* This single level home offers 3 bdrms, 2 baths on just over 1600 sq ft* As you step inside, you'll be greeted by a spacious dining / greeat room area featuring vaulted ceilings & a wood burning fireplace* Just a few of the new upgrades include luxury plank vinyl flooring, new carpet & padding in the 3 bedrooms, 2 tone paint & matte black ceiling fans* The kitchen is a chef's delight equipped with brand new LG stainless steel appliances, white shaker cabinets with 42'' uppers, crown molding & quartz countertops* The open layout connects the kitchen to the adjacent breakfast nook, making it a great space for casual dining & morning coffee* The master suite is a true retreat, featuring vaulted ceilings, a closet & private access to the backyard* The ensuite bathroom is designed for luxury and convenience offering a new walk-in shower, freestanding tub, dual vanity, generous walk-in closet & private toilet room* Relax in the cozy backyard with brand new turf, mature palm trees & many new plants making this a private, lush oasis* The location of this home is unbeatable with the gated community pool just a short walk away, easy freeway access & 2 large lakes that offer fishing, kayaking, standup paddle boarding & community park* Don't miss the opportunity to make this beautiful home in Valencia Shores your own* It's the perfect blend of style, comfort & convenience in a desirable community setting*

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4524 E Walatowa Street Phoenix, AZ 85044

$570,000

4 Beds

3 Baths

2,423 SqFt

Status Active

MLS # 6743201

Property Type Single Family Residence

Price Type --

A rare find! Move into this charming cul-de-sac home on nearly half acre lot! Nestled in the adult Community of Ahwatukee, 2-car garage has extra storage space, a welcoming front porch, large living room, upgraded kitchen comes w/SS appliances, quartz counters, a peninsula w/a breakfast bar, plenty of cabinets, & sizable dining room offering wide sliding glass doors to the AZ room. Roof replaced in 2021. Discover the main bedroom equipped w/AZ room access, mirrored door closet, & a private ensuite. Make sure to explore the flexible bonus room ideal for an extra bedroom. Enjoy wonderful summer evenings in the delightful AZ room, w/a nice view of the backyard. Home has a huge yard with a large, beautiful pool, a storage shed, and fire pit. Home has a lot of opportunity to make it your own.

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1651 S Prospectors Road Apache Junction, AZ 85119

$570,000

3 Beds

3.5 Baths

1,518 SqFt

Status Active

MLS # 6715358

Property Type Single Family Residence

Price Type --

Horses and the Superstition Mountains! On the Water Company! Homes Only Area on the Mountain. Ride / Hike to Silly Mountain, Power Line trails, Broadway Trail head, all from you doorstep. EZ Commute freeway is 5 mins from your door. Great for East Valley TECH JOBS, The home is repainted inside and out! New light fixtures, and a ROOF Warranty that is transferable. New Water Heater and flat useable level space to build a shop or for horses. Seller to consider interest rate buy down! or discounting for ALL CASH OFFERS Make your offer today - Seller is motivated to move !!!

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