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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20246 W Catalina Drive Buckeye, AZ 85396

$569,990
4 Beds
2.5 Baths
2,224 SqFt
Status Active
MLS # 6655649
Property Type Single Family Residence
Price Type --
It's our very popular Crimson. 3 bedrooms + den, 2.5 baths and a 3 car garage. 12x8 sliding glass door that leads out to the extended covered patio. Bay window at owner's suite. Stainless steel gas appliance package with a 30'' cooktop, wall oven and hood. Tahoe Maple Slate (dark gray) cabinets throughout with 42'' kitchen uppers, trash drawer. AZT Della Terra quartz Linen ( off white) countertops in kitchen including the enhanced kitchen island. Undermount single bowl kitchen sink. Upgrade flooring includes EMS Riverside Firenza 20x24 tile in all areas of the home except bedrooms/closets. 5'' base boards and door casings throughout the home. Dual sinks at bath 2, Garage service door, 8' tall garage doors and so much more. Estimated completion in Feb/March.

20240 W Catalina Drive Buckeye, AZ 85396

$569,990
3 Beds
3 Baths
2,456 SqFt
Status Active
MLS # 6655730
Property Type Single Family Residence
Price Type --
Amethyst floor plan with 3 bedrooms, 3 baths and a 3 car garage. This home is stunning and has has plenty of storage space including all bedrooms have walk in closets. Multi slide door at the extended covered patio. Pavers at drive, walk and entry. Gas appliance package in stainless steel, 30'' cooktop, microwave and canopy hood. Tahoe Maple Painted Boulder ''Gray'' cabinets throughout. Bianco Typhoon Polished granite tops in kitchen and owner's bath. Stainless steel under mount single bowl kitchen sink. Flooring includes EMS Riverside Yaris 20x24 in all areas of the home except bedrooms/closets. 5'' base boards/door casings. Dual sinks at bath 2. Gas stub for future BBQ. Garage service door, 8' tall garage doors with with two remotes. Estimated completion April.

20134 W Luke Avenue Litchfield Park, AZ 85340

$569,990
3 Beds
2.5 Baths
2,224 SqFt
Status Active
MLS # 6728705
Property Type Single Family Residence
Price Type --
It's the very spacious Crimson with 3 bedrooms, flex space, 2.5 baths and 3 car tandem garage. 8' gate. Multi slide door that leads out to the extended covered patio. Stainless steel gas appliance package with a 36'' cooktop and canopy hood and wall oven. Boulder (Gray) cabinets with 42'' kitchen uppers, three drawers ILO of doors in the kitchen and roll out shelf in pantry. AZT Hana Sky Quartz countertops in kitchen and owner's bath. 8' tall interior doors. Flooring includes DT Broxburn Gray 6x24 plank tile in all areas of the home except beds/closets. Dual sinks in bath 2, stub out for future BBQ, soft water loop and so much more. Estimated to be completed in September.

25536 S 227th Street Queen Creek, AZ 85142

$569,990
3 Beds
2.5 Baths
2,224 SqFt
Status Active
MLS # 6716617
Property Type Single Family Residence
Price Type --
Crimson with 3 bedrooms + kids retreat area, 2 baths + powder bath, 12'x8' sliding glass door that leads out to the extended covered patio. Pavers at drive, walk and entry. Stainless steel gas appliance package with 30'' cooktop, wall oven and canopy hood. Sonoma Maple slate (gray) cabinets with 42'' kitchen uppers, pull out trash drawer. Himalaya white granite countertops in kitchen, enhanced kitchen island and owner's bath. Stainless steel undermount single bowl sink. Upgrade flooring includes EMS Baccarat 12x24 tile in all areas of the home except bedrooms/closets. Dual sinks at bath 2, soft water loop. Owner's bath has a drop in tub and tile shower surrounds and so much more. Estimated completion December.

4808 N 24th Street Unit 828 Phoenix, AZ 85016

$569,950
2 Beds
2 Baths
1,249 SqFt
Status Active
MLS # 6745724
Property Type Apartment
Price Type --
Magnificent South and SW facing corner residence. Enjoy mountain, city and garden terrace views from every room. One of the most popular floor plans in the building! Features include; upgraded wood vinyl flooring throughout, designer paint and accent lighting as well as a split bedroom floor plan for maximum privacy. Master offers ensuite bath, walk in closet and downtown views. Guest bedroom includes walk in closet and sitting/den area. Kitchen has beautiful, upgraded granite counters, bar seating, stainless steel appliances and stylish backsplash. A spacious living area leads to an outdoor covered balcony with garden planters. Perfect for enjoying nightly Phoenix sunsets. TWO prime side by side parking spaces and storage.

22443 E Munoz Street Queen Creek, AZ 85142

$569,950
3 Beds
2 Baths
2,301 SqFt
Status Active
MLS # 6731713
Property Type Single Family Residence
Price Type --
Welcome Home! Situated in the coveted Meridian neighborhood this property comes highly upgraded and professionally designed. Stunning laminate flooring throughout, marble kitchen backsplash, oversized island and new carpet freshly installed. All upgraded pendants and dining lighting is included, also pre-wired for surround sound. This is a 3 bedroom plus spacious office/playroom and 2 bath home. Front and back yard are connected to an automatic watering system for easy maintenance. Post tension slab included along with tankless water heater. Meridian offers lots of green spaces, parks and a luxury community pool.

4323 W Lapenna Drive New River, AZ 85087

$569,947
4 Beds
3 Baths
3,097 SqFt
Status Active
MLS # 6726997
Property Type Single Family Residence
Price Type --
DESERT LIVING AT ITS BEST! 4BR/3BA PLUS LOFT HOME WITH 3,097 SF LIVING SPACE IN THE GORGEOUS COMMUNITY OF ANTHEM! GOURMET KITCHEN WITH GAS COOK TOP, DOUBLE OVENS, BREAKFAST BAR, STAINLESS STEEL APPLIANCES & PANTRY. LARGE PRIMARY SUITE WITH GENEROUS WALK-IN CLOSET, DOUBLE VANITY, GLASS SHOWER & SEPARATE SOAKING TUB. RELAXING STONE FIREPLACE IS PERFECT FOR THOSE CHILLY DESERT EVENINGS. OPEN FLOOR PLAN WITH LARGE OVER SIZED ROOMS INCLUDING UPSTAIRS LOFT THAT IS THE PERFECT BONUS ROOM. ENERGY EFFICIENT DUAL ZONE AC CONTROL. BEAUTIFULLY LANDSCAPED YARD WITH COVERED PATIO, BUILT-IN BBQ, TURF GRASS & RAISED PLANTERS MAKING THIS AREA THE PERFECT OUTDOOR RETREAT. GARAGE INCLUDES BUILT IN GARAGE CABINETS AND EXTRA STORAGE SPACE. THIS ONE WONT LAST!

5912 W Bushwood Way Florence, AZ 85132

$569,900
2 Beds
2 Baths
2,039 SqFt
Status Active
MLS # 6755790
Property Type Single Family Residence
Price Type --
ENJOY THE STUNNING VIEWS OF THE 8TH FAIRWAY of Poston Butte Golf Course with this gorgeous ''Pursuit'' model in Sun City Anthem at Merrill Ranch. This meticulously maintained home offers an abundance of upgrades that includes an outdoor living space that offers a paver entry w/sitting area, extended paver patio w/putting green, where all putts are good, and surrounded by beautiful landscape. Your new home is just as stunning inside with details that include upgraded LVP flooring throughout , reclaimed WY fence wood accent walls, French doors and Murphy bed for optional 3rd bedroom, simulated wood beam accents in great room and surround sound. Take advantage of the tremendous SOLAR SAVINGS w/23 panels producing 8.5kw of OWNED SOLAR and mini-split A/C in the garage. The Chefs kitchen... features true staggered upgraded cabinetry w/pull out shelves, pots/pans drawers, gas cooktop French door refrigerator, tiled backsplash, under cabinet and pendent lights over the spacious island. Additional features include a Roman walk-in shower with floor to ceiling tile in the primary en-suite, 4' extended garage and cabinets, epoxy garage floor, insulated garage, water softener, tankless water heater and a service door that leads to the exterior garbage corral. Some furniture available on a separate bill of sale...A MUST SEE HOME!! Merrill Ranch also offers the Anthem Grille, The Poston Butte Golf Club, a learning center and all the festivities, activities and amenities a Sun City community has to offer. Remember you are buying a lifestyle that goes beyond the homes property lines.

4808 N 24th Street Unit 826 Phoenix, AZ 85016

$569,900
1 Bed
1 Bath
1,095 SqFt
Status Active
MLS # 6756542
Property Type Apartment
Price Type --
The best spot in town! This fully renovated condo now for sale in Optima Biltmore! Spacious dining meets living areas bathed in natural light. Featuring elegant wood-look flooring, stylish light fixtures, and neutral palette throughout. The gourmet kitchen is equipped granite counters, stainless steel appliances, and custom backsplash. End your busy day in the grand primary bedroom, boasting a walk-in closet w/built-in closet system perfect for storing your belongings. The pristine bath showcases dual sinks for added convenience. You'll also find a covered balcony w/mesmerizing mountain & city views! Enjoy various Community amenities, such as a rooftop terrace, a refreshing pool, and a fitness center. Conveniently located close to various restaurants, shopping spots, and entertainment

5414 N Scottsdale Road Eloy, AZ 85131

$569,900
3 Beds
3.5 Baths
2,709 SqFt
Status Active Under Contract
MLS # 6653533
Property Type Single Family Residence
Price Type --
Updated home with Guest Casita, private bath & entrance. This home is spacious and comfortable with an updated courtyard at front entrance. The house has 3 bedrooms, 3.5 baths, den and a mud room off the laundry/garage entrance. Entertainers and chef's dream kitchen, open floor plan, tons of granite counter and Maple cabinet space, full wall natural gas fireplace and upgraded tile. Newer stainless-steel appliances. Matching granite back splash. Garage has epoxy floors, AC and a custom golf cart space hidden inside (can easily park 2 golf carts in this space) with golf cart charger for easy use & extended garage. Outside on the oversized Patio you will find a built-in fire pit with seating & pavers. The patio has open views with stunning western sunsets. Patio has gas hook up for BBQ. New extended patio tile. All new PVC in front & back. Water feature is included. Patio/yard lights on a timer. Fridge in mudroom stays. Casita has its own heating/cooling system. Utility sink in the laundry room. Garage cabinets are negotiable as well as all furnishings. Garage has a utility door. New 8' doors added to the den for privacy. All new lights on the exterior. New mirrors and shower floor in the primary bath. Exterior and interior recently painted. All furnishings available for purchase on a separate bill of sale.

18325 W Port Au Prince Lane Surprise, AZ 85388

$569,900 - 4Br/2Ba -  for Sale in Sierra Montana, Surprise
New
$569,900
4 Beds
2 Baths
2,757 SqFt
Status Active
MLS # 6761764
Property Type Single Family Residence
Price Type --
You will love this one-story home with solar panels and a blue pool! Sweet curb appeal, 3-car garage, and welcoming front porch exude charm and comfort. Inside, be greeted by a formal living/dining room with a soft carpet, perfect for receiving and entertaining guests. Bay windows, designer paint, ample linen closet, and vaulted ceilings can't be left unsaid. The eat-in kitchen has stainless steel appliances, a stylish backsplash, a walk-in pantry, wood cabinets, Corian counters, and a two-tier island w/breakfast bar. The delightful interior also offers a sizable den/office and a family room boasting a media niche and fireplace! Private bathroom and walk-in closet in the main bedroom for convenience. Fabulous backyard features a covered patio, grass area, and fenced pool. RV gate too!

4043 N Smithsonian Drive Florence, AZ 85132

$569,900 - 3Br/3Ba -  for Sale in Anthem At Merrill Ranch - Unit 22a 2013029851, Florence
New
$569,900
3 Beds
2.5 Baths
2,467 SqFt
Status Active
MLS # 6762591
Property Type Single Family Residence
Price Type --
LOCATION, LOCATION, LOCATION! Enjoy the tour and views of this stunning 3 bedroom, 2.5 bath ''Endeavor'' model. The PREMIUM WASH LOT and outdoor living space offers gorgeous sunrises and private Sonoran desert views from the extended paver patio, surrounded by beautiful mature landscape. The home is just as beautiful inside with details that include a gourmet kitchen featuring upgraded staggered cabinetry w/roll-out trays, gas cooktop, beautiful granite countertops, tile backsplash, pendant lighting, RO system, water softener, tankless hot water, NEW A/C unit, impressive entry door, laundry/garage cabinets, entertainment center, solar and MUCH MORE! The primary suite features matching granite and cabinets, soaking tub w/separate shower and a large walk in closet. A MUST SEE HOME! Enjoy our Anthem Grille, The Poston Butte Golf Club, a learning center and all the festivities, activities and amenities a Sun City community has to offer. Remember you are buying a lifestyle that goes beyond the homes property lines.

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