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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941 W Dexter Way San Tan Valley, AZ 85143

$570,000

4 Beds

2.5 Baths

2,998 SqFt

Status Active

MLS # 6741159

Property Type Single Family Residence

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Your own private oasis awaits! This stunning 4-bedroom NEWLY REMODELED home boasts a sparkling pool, spacious backyard and a majestic floorplan. Move right in and start living! Step through the grand entrance and be greeted by formal living and dining areas, perfect for entertaining. Then, flow seamlessly into the expansive family room, ideal for creating lasting memories. Unwind and relax! Imagine sliding open the doors and stepping out to your fully landscaped backyard paradise. Need extra storage? No problem! This home features an RV gate, providing ample space for all your toys and treasures. Downstairs Den could be Bedroom #5!!!

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5153 N Main Drive Apache Junction, AZ 85120

$570,000

3 Beds

2 Baths

1,640 SqFt

Status Active

MLS # 6690299

Property Type Single Family Residence

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Beautiful 2.5 acres close to freeway, and surrounded by views, clear skies, city lights and peace and quiet! This 3 bedroom, 2 bath home has updating and room for the family. Updates include engineered wood flooring, Thermaster energy efficient windows, French doors, beadboard, stainless appliances, new roof and more. The great room is open concept with wood beams and a real wood burning fireplace. Bring your toys and horses as there is room for all! This horse property/mini farm has 2 stalls, a barn or 2 car garage, storage shed and a carport. Home has it's own well. The east 1.25 acres share a well with one other and can be subdivided. Easy to show. This property has something for everyone!

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10913 W Chino Drive Sun City, AZ 85373

$570,000

2 Beds

2 Baths

1,746 SqFt

Status Active

MLS # 6719018

Property Type Single Family Residence

Price Type --

PRICE ADJUSTMENT! Beautiful Lakefront Home in Ventana Lakes 55 + community! It has everything you want, 2 bedroom, 2 baths, 3 car garage, Living room, separate great room, and an Office. You will enjoy the morning sunrises and evening sunsets from the patio and backyard. Ventana Lakes is one of Peoria's premier 55+ communities. The community features 9 lakes, some with waterfalls, and great fishing! 4 pools and spas, recreation and fitness room, billiards, fine arts and crafts and quilting rooms, handball, tennis courts, Bingo games, etc.

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44562 W Sedona Trail Maricopa, AZ 85139

$570,000

6 Beds

3.5 Baths

4,019 SqFt

Status Active

MLS # 6720344

Property Type Single Family Residence

Price Type --

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12324 N 144th Drive Surprise, AZ 85379

$569,999

5 Beds

4 Baths

3,371 SqFt

Status Active

MLS # 6685033

Property Type Single Family Residence

Price Type --

Discover your dream home in Marley Park, Surprise, AZ! Built in 2017, this exquisite 5-bedroom, 4-bathroom residence features a free and clear solar panel system for energy efficiency. Boasting an elegant formal dining room, a vast covered patio for outdoor living, and low-maintenance artificial grass, this property blends luxury with practicality. The expansive primary bedroom comes with an en-suite and a closet that conveniently connects to the laundry room, simplifying your routine. Upstairs, a large loft offers flexible space for your family's needs. Priced under $600k, this move-in-ready home is a rare find in a sought-after neighborhood. Don't miss out on making it yours!

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11950 W Parkway Lane Avondale, AZ 85323

$569,995

4 Beds

2 Baths

2,370 SqFt

Status Active

MLS # 6741755

Property Type Single Family Residence

Price Type --

Welcome to this exciting Raleigh home, ready for quick move-in! Included features: a covered entry; a gourmet kitchen offering 42' cabinets, quartz countertops, stainless-steel appliances, an island, and large butler's and walk-in pantries; an open dining nook; an impressive great room with center-meet patio doors; a beautiful primary suite showcasing a sizable walk-in closet and a private bath with double sinks; a spacious study; three secondary bedrooms with a shared bath; a central laundry and a cheerful covered patio. This home also boasts soaring 10' ceilings, wood laminate flooring, cultured marble bath countertops, extra windows and ceiling fan prewiring in select rooms, front yard landscaping and concrete pavers at the driveway and walkway.

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11941 W Parkway Lane Avondale, AZ 85323

New

$569,995

4 Beds

3 Baths

2,370 SqFt

Status Active

MLS # 6762180

Property Type Single Family Residence

Price Type --

Explore this dynamic Raleigh home, ready for quick move-in on a homesite boasting driveway pavers and front yard landscaping. Included features: an inviting covered entry; an impressive guest suite; a gourmet kitchen offering 42'' cabinets, quartz countertops, stainless-steel appliances, a double oven, a walk-in pantry and a center island; an open dining area; an expansive great room with center-meet doors leading onto a charming covered patio; a beautiful primary suite showcasing an immense walk-in closet and a private bath with cultured marble countertops; a convenient laundry; a mudroom and a 3-car garage. This home also offers stone tile flooring, additional windows and ceiling fan prewiring in select rooms as well as airy 10' ceilings throughout.

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16364 W Avenida Del Sol -- Surprise, AZ 85387

$569,995

4 Beds

3 Baths

2,570 SqFt

Status Active

MLS # 6724796

Property Type Single Family Residence

Price Type --

Thoughtfully designed 4-bedroom home with 3 baths and 10-foot ceilings. Deluxe master bath with walk-in shower, Gourmet kitchen includes 42-inch upgraded cabinets, and a center-meet slider at kitchen nook, paver driveway, walkway to entrance, laundry sink pre-plumb and an impressive tray ceiling entrance.

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3892 W Antelope Way San Tan Valley, AZ 85144

$569,995

4 Beds

2.5 Baths

2,980 SqFt

Status Active

MLS # 6663485

Property Type Single Family Residence

Price Type --

Embrace comfort and beauty in this 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. Highlights of this home include white linen cabinets, quartz countertops in the kitchen, Whirlpool appliances, cabinets and a sink in the laundry room, a generous loft on the second floor, and more. Come into the community to view this home today!

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16707 W Whispering Wind Drive Surprise, AZ 85387

New

$569,990

4 Beds

3 Baths

2,432 SqFt

Status Active

MLS # 6761168

Property Type Single Family Residence

Price Type --

Up to 3% of Base Price or total purchase price, whichever is less, is available through preferred lender.'' The Avelino AllGen floorplan offers 4 bedrooms, a second kitchen, 3 baths, a soft water plumbing loop, a no-step shower, a 2' garage extension, and 8' interior doors. Highlights include granite kitchen countertops, a gas range, and upgraded flooring.

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20163 W San Juan Avenue Litchfield Park, AZ 85340

$569,990

3 Beds

2.5 Baths

2,224 SqFt

Status Active

MLS # 6728672

Property Type Single Family Residence

Price Type --

We're building this Cinnabar with 3 bedrooms + flex space to use as you wish, 2.5 baths and 3 car garage. Multi slide door that leads out to your extended covered patio and brick pavers at drive, walk and entry. 8' gate for easy access into the backyard. Stainless steel gas appliance package with a 30'' cooktop and canopy hood. Barnett ''Espresso'' cabinets with 42'' kitchen uppers and a pull out trash drawer w/2 bins. Himalaya white granite countertops in kitchen, owner's suite and bath 2. Stainless steel single bowl undermount sink in kitchen. Upgrade flooring includes EMS Baccarat 12x24 tile in all areas except beds/closets. Dual sinks at bath 2. 5'' baseboards and 3 1/4'' door casings throughout. 8' garage door opener with two remotes and so much more.

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22889 E Roundup Way Queen Creek, AZ 85142

$569,990

4 Beds

3 Baths

2,165 SqFt

Status Active

MLS # 6739480

Property Type Single Family Residence

Price Type --

'' The Sage plan features 4 bedrooms, 3 bathrooms, a den, and a spacious backyard, providing ample space for relaxation and entertainment.This lovely floorplan offers a blend of style and comfort. Step inside to discover 6 x36 wood plank tile floors in the main living areas, providing an elegant touch. The bedrooms and den feature plush carpeting for added coziness. The kitchen boasts our Oxford palette which features 42'''' sarsaparilla shaker cabinets, quartz countertops with a tiled backsplash, and sleek gas stainless steel appliances. Enjoy outdoor living with a covered patio, where you can unwind and appreciate the beautiful surroundings. Don't miss out on the opportunity to make Madera your new home, where convenience and community seamlessly come together. Experience a peaceful lifestyle in a vibrant community. Welcome to Madera, Queen Creek's newest community, where the perfect blend of rural and suburban living awaits. Nestled in a peaceful location, this upcoming community offers a tranquil lifestyle while ensuring convenient access to the 24 Freeway.Experience the best of Queen Creek just a short drive away, with top-notch shopping, dining options, and exciting Agritourism destinations to explore. The new Frontier Park adds to the array of attractions in the area, providing endless opportunities for recreation and leisure. At Madera, you'll also have access to an array of community amenities designed to enhance your lifestyle. Take a dip in the heated pool, relax in the spa, or engage in friendly competition on the pickleball, bocce ball, and basketball courts. The playgrounds are perfect for children to enjoy.

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