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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20314 N Wagner Wash Drive Buckeye, AZ 85396

$569,900

2 Beds

2.5 Baths

2,342 SqFt

Status Active

MLS # 6733834

Property Type Single Family Residence

Price Type --

**PREMIUM DESERT VIEW HOMESITE** This extended popular Refuge model includes the 4' garage extension and a 2' rear extension. Wonderfully appointed with a chef's kitchen, large pantry and two dens, each with glass French doors. Also, this home has 2 bedrooms, each with its own en-suite bath, plus a powder room for guests. Other add-ons include plantation shutters throughout, pre-wired surround sound, built in storage in garage, fully enclosed backyard, custom designed lighting and so much more!. Do not let this opportunity pass you by. Elegant French doors enhance the home's aesthetic appeal, adding a touch of sophistication to your living spaces. Step outside to your large covered patio, perfect for outdoor dining and relaxation. The electric sun screen provides shade and comfort, allowing you to enjoy the outdoor space year-round. Experience the best of active adult living in this exceptional home. Don't miss out on this opportunity!

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10129 S 43rd Lane Laveen, AZ 85339

$569,900

4 Beds

2.5 Baths

2,539 SqFt

Status Active

MLS # 6752936

Property Type Single Family Residence

Price Type --

Custom home in the gated community of Vaquero Estates with mountain views & breathtaking sunsets! Light & bright open concept floor plan features soaring ceilings, well-maintained tile flooring & carpeting in all the right places. The chef's kitchen boasts granite counters, an island with a breakfast bar, stainless steel appliances, reverse osmosis, & opens to the family room - ideal for entertaining. Primary retreat is split from guest bedrooms for ultimate privacy. Impressive bath has dual sinks, free standing tub, & walk in shower. Enjoy the AZ heat in your incredible backyard with a large covered patio (35' x 12'), turf, & mature landscaping. Also featured, a 2-car garage. You'll love this private community with an amazing central location minutes to schools, shopping, dining, & more!

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8448 E Cambridge Avenue Scottsdale, AZ 85257

$569,900

2 Beds

2 Baths

1,020 SqFt

Status Active

MLS # 6726694

Property Type Single Family Residence

Price Type --

WOW! This home has recently been remodeled by a licensed contractor. The home features new front half of roof, fresh paint, new flooring, and updated fixtures throughout. Walk in to a spacious living room filled with natural light. The kitchen has been completely redone with new white cabinets, quartz counter tops, stainless steel appliances, and new hardware. Both bedrooms boast new carpet, fresh paint, and new light fixtures. Both bathrooms have been updated with new vanities, counter tops, tiled showers, and fixtures. The backyard has a large covered patio and easy maintenance landscaping! No HOA!

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1909 E Springfield Place Chandler, AZ 85286

$569,900

3 Beds

2 Baths

2,049 SqFt

Status Active Under Contract

MLS # 6738924

Property Type Single Family Residence

Price Type --

Welcome to your dream home! Nestled in a serene neighborhood, this beautifully updated 3-bedroom, 2-bathroom gem boasts 2,049 square feet of meticulously designed living space. Built in 2001, this home seamlessly blends modern upgrades with timeless charm. Step inside to discover a refreshing and inviting interior, newly painted to reflect a bright and airy atmosphere. Your feet will delight in the plush new carpet and elegant new flooring that runs throughout the home. The heart of this home, the kitchen, gleams with freshly painted cabinets and stunning Quartz countertops, promising both style and functionality for your culinary adventures. The exterior is just as remarkable, with expertly rejuvenated landscaping creating an appealing and welcoming curb look. Don't miss the chance to make this exquisite house your new home. It's a perfect blend of comfort, style, and modern upgrades, waiting just for you! Welcome home!

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10959 E Tupelo Avenue Mesa, AZ 85212

$569,900

3 Beds

2 Baths

2,150 SqFt

Status Active

MLS # 6694537

Property Type Single Family Residence

Price Type --

Singe level pool home in Bella Via! Neutral paint and flooring in soothing tones is waiting for personal touches! Chef's kitchen with gourmet SS appliances including gas cooktop and wall oven, Expansive quartz island with extended staggered cabinetry Split floorplan is perfect for hosting guests. The spacious backyard with stunning pool is perfect for hosting BBQ's and enjoying the AZ sun! Prime East Mesa location near the 24, shopping and dining! Don't miss out on this one today!

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501 W Jasper Drive Chandler, AZ 85225

$569,900

4 Beds

2 Baths

1,961 SqFt

Status Active

MLS # 6745933

Property Type Single Family Residence

Price Type --

***PRICED BELOW COMPS!*** Walk into instant equity in this unassuming gem in Chandler! Motivated Seller. NO HOA!! A great property with HUGE potential! This 4bdrm/2bth home on a large corner lot insulated in highly sought-after neighborhood of Thunderbird Estates in Northern Chandler. Down the street from Knox Gifted Academy (Ranked #1 AZ Public School) and Apache Park (Basketball, Tennis, Racquetball and playground). Home was remodeled in 2019 and included new roof and a/c. There is room for an addition or guest house in the backyard! The interior has all modern finishes. This home's exterior and landscaping is essentially a blank slate, just waiting for a new owner to make it their own! *Perfect for a light-flip or DIY homeowner! PROPERTY FEATURES: a LARGE, gated, pull-through RV pad.

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8304 E Posada Avenue Mesa, AZ 85212

$569,900

4 Beds

2.5 Baths

3,487 SqFt

Status Active

MLS # 6678957

Property Type Single Family Residence

Price Type --

4 spacious bedrooms plus a loft, each equipped with its own walk-in closet for unparalleled storage. Enjoy awesome upgrades throughout, exquisite bathroom vanities and countertops, sleek faucets, a beautifully remodeled master shower, and the added convenience of comfort-height toilets. We continue with the addition of meticulously chosen light fixtures and five stylish ceiling fans, perfectly complementing the tiled flooring and upgraded upstairs baseboards. The kitchen, features refinished cabinets with new hardware, striking granite countertops, and a charming farm sink. Step outside to your own private Pebble Tec pool for endless hours of relaxation and enjoyment. Every room is spacious, separate living room and family room, 2 areas for dining + breakfast bar, granite counter tops and white cabinets, gas cook top, SS appliances. Charming light and bright bay window breakfast nook Amazing walk -in pantry seems endless, with additional storage area. Handy sink in laundry room. So much storage everywhere in this home, with closet after closet, including in loft, and large nicely finished expanded storage closet with light, under the stairs. Sparkling pool makes for at home entertainment and relaxing, easy maintenance back yard with grapefruit and orange trees, and recently replaced drip lines. solar panels for energy savings! So much more!

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26264 N 43rd Place Phoenix, AZ 85050

$569,900

3 Beds

2 Baths

1,508 SqFt

Status Active

MLS # 6733415

Property Type Single Family Residence

Price Type --

Come see this recently updated home in desirable Tatum Highlands. Backing to natural wash area for added privacy and quiet, this home has a sparkling pool for those hot Summer days! 3 well sized bedrooms with new carpet plus an additional den space make this home feel larger than it is. Vaulted ceilings welcome you into the home with a gas burner fireplace and open concept floor plan. Dining area leads into the kitchen with new appliances just installed for new owner. New paint, carpet and more. Come see this home today!

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4489 N Coronado Drive Florence, AZ 85132

$569,900

2 Beds

2 Baths

2,323 SqFt

Status Active

MLS # 6713428

Property Type Single Family Residence

Price Type --

Indulge in luxury and sophistication at this stunning golf course property. The home boasts a spacious living room with a built-in entertainment center, ideal for hosting get-togethers. In addition, the versatile den can be used as an office, TV room, or third bedroom. The luxurious master suite includes a garden tub, upgraded lighting, a spacious walk-in closet, and direct access to the terrace. The kitchen showcases beautiful granite countertops, double ovens, and elegant chandelier lighting, seamlessly blending practicality and style. The expansive premium lot offers awe-inspiring mountain and fairway views, a fire pit, a built-in BBQ, a putting green, and lush landscaping, creating an ideal outdoor entertainment space.

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860 E Paradise Lane Phoenix, AZ 85022

$569,900

3 Beds

2 Baths

1,786 SqFt

Status Active

MLS # 6741464

Property Type Single Family Residence

Price Type --

Exceptional value on this turn-key, fully remodeled desert ranch home. Greentrails is special enclave in Moon Valley that offers outdoor enthusiasts walking/jogging paths and access to mountain trails right inside the community, along with a private park, playground and sprawling greenbelt just steps away. This home captures the essence of AZ living with gorgeous surroundings, remodeled interiors and charming outdoor spaces, located on a cul-de-sac lot. Exceptional curb appeal with easy-care landscaping, slump block exterior and entry courtyard. The fresh remodel brings luxe finishes and modern appeal, in an open floorplan. Wood plank tile flooring is paired with neutral paint throughout. The updated kitchen features white shaker-style cabinetry, stainless steel appliances, granite counters and a breakfast bar. This home features an open floorplan and no interior steps. Retreat to the split primary suite which opens to the rear patio and features a large walk-in closet and remodeled private bath with fully-tiled shower, double sink vanity, dual flush toilet and tile flooring. The hall bath is also fully-remodeled. All bedrooms have closet organizing systems and ceiling fans. Whether you are dipping into the renovated pool ('20) or entertaining under the spacious covered patio, you'll find that the rear yard offers opportunities for year-round enjoyment. The pie-shaped lot provides room for potentially adding a casita, which is now legal in Phoenix. A side parking slab leads to an RV gate and gravel parking area beyond. Home is located in the Paradise Valley school district and is nearby many local staples/destinations along with the best culinary, retail, and entertainment epicenters.

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14510 N 91st Place Scottsdale, AZ 85260

$569,900

3 Beds

2 Baths

1,192 SqFt

Status Active

MLS # 6741714

Property Type Single Family Residence

Price Type --

LOCATION, LOCATION, LOCATION! GORGEOUS SINGLE STORY (NO INTERIOR STEPS) 3 BED 2 BATH, 2 CAR GARAGE PATIO HOME LOCATED IN THE HIGHLY DESIRED SCOTTSDALE VISTA NORTH TOWNHOME COMMUNITY. SITUATED ON A PRIME LOT WITH LUSH LANDSCAPE AND BACKING TO THE COMMUNITY POOL. FEATURES INCLUDE A BRAND NEW ROOF WITH A 5 YEAR WARRANTY, TILE FLOORING, CEILING FANS T/O NEW CABINETS, GRANITE COUNTERS, STAINLESS APPLIANCES, CEILING FANS THROUGHOUT, ALL APPLIANCES INCLUDED, EPOXY GARAGE FLOORS AND A WONDERFUL PRIVATE BACK YARD & PATIO AREA. MASTER BATHROOM IS ADA COMPLIANT. IDEALLY LOCATED TO SCOTTSDALE'S FINEST SHOPPING, DINING, SCHOOLS AND THE 101 FREEWAY.

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1225 E Presidio Road Phoenix, AZ 85022

$569,900

4 Beds

2 Baths

1,995 SqFt

Status Active Under Contract

MLS # 6702419

Property Type Single Family Residence

Price Type --

Great Single family residence in the Pointe Golf Club community. 3 bedrooms, 2 baths Formal living and dining area. Kitchen open to family room with center island. Master boast separate shower and tub and walk in closet. Large covered patio with extension. Low maintenance backyard. All in popular Moon Valley area near freeways, shopping and golf. Great access to downtown sporting events and entertaining.

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