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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5630 W Kesler Street Chandler, AZ 85226

$569,900

3 Beds

2 Baths

1,922 SqFt

Status Active

MLS # 6722663

Property Type Single Family Residence

Price Type --

This Single Level, 3 Bed/2 Bath Chandler home in Carrington Place is Move-In Ready! This lovely home includes vaulted ceilings, a wood burning fireplace, newer dual pane windows (2022) throughout, plantation shutters, updated bathrooms, updated light fixtures, and newer appliances. Outside enjoy low maintenance front landscaping, 3-car expanded driveway, and RV gate! The backyard includes a covered patio and a separate storage shed. Enjoy relaxing in the Gazabo Covered Heated or Cooled Seasonal Spa! Included is a Home Warranty thru 2027. Near 101, 202 & I10 frwy. Kyrene School District. Book your tour today!

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18250 W Carol Avenue Waddell, AZ 85355

$569,900

4 Beds

4 Baths

3,293 SqFt

Status Active Under Contract

MLS # 6715275

Property Type Single Family Residence

Price Type --

This glorious home provides spacious living both inside and out. Features three separate outside areas with a front courtyard, a side courtyard, and a backyard with a heated spa. The spacious exterior areas feature lush landscaping providing both shade and privacy. A charming centerpiece fountain creates a serene and inviting atmosphere to relax or entertain on the patio or other outdoor areas. The interior features charming architecture such as coffered ceilings, beautiful tile, curves in the entryways, hardwood flooring, multiple windows and doors for abundant natural lighting. The open-concept living and dining areas view and open to the side courtyard, but there is additional interior space in the great room adjacent to the kitchen that opens to the backyard. The kitchen has been upgraded with abundant cabinetry and elegant finishes. Downstairs has two bedrooms and two baths. One bedroom serves as guest quarters with its own separate private entrance and bath. The upstairs secondary bedroom also has its own private bathroom and a walk-in closet. The spacious master suite features a huge bedroom and bathroom with a double entry shower as the centerpiece, an extra large garden tub, tons of storage in cabinets, and two walk-in closets. 80 inch mounted, flat screen HD TV conveys. Home also features Tesla solar to save you money on utility bills. The character and extras throughout this home is something to see and instantly fall in love with. Near the 303 corridor, shopping (Safeway, Costco, Walmart, Fry's), and the new Village at Prasada featuring a shopper's paradise with major retailers and both casual and fine dining. Don't miss this opportunity.

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1698 N San Gabriel Avenue Sierra Vista, AZ 85635

$569,900

3 Beds

2.5 Baths

2,079 SqFt

Status Active

MLS # 6748521

Property Type Single Family Residence

Price Type --

This is it! HUGE PRICE IMPROVEMENT! NICELY REMODELED HOME WITH A POOL AND SPA and HEATED AND COOLED 1300 SQ FT WORKHOP in desirable Ranchos Carmela. This split floorplan home features 3 spacious bedrooms, 2.5 bath, Luxury Vinyl Plank Flooring, Formal Dining Room, Breakfast Nook, NEW HVAC and a beautifully updated kitchen. Featuring NEW Stainless Steel kitchen appliances, elegant Quartz countertops and Kitchen Island. Spacious outdoor entertainment area includes a solar heated pool and spa, complete with an automated pool cover and new water filter. This home also features a 10x16 storage shed, an access to a half bath from the pool and a 36x36 workshop, insulated from top to bottom and heated and cooled! Formal dining room can be easily converted into a 4th BR. FEATURES LIST ON PHOTOS

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16572 W Lincoln Street Goodyear, AZ 85338

$569,900

5 Beds

3.5 Baths

3,452 SqFt

Status Active

MLS # 6725169

Property Type Single Family Residence

Price Type --

Discover this stunning 5-bedroom, 3.5-bath, 2-story home in a prime, strategic location. Boasting a massive 3,452 sqft of living space. This residence is filled with natural light, creating an airy, bright, and cozy atmosphere. The kitchen is a chef's dream with a double wall oven, granite countertops, and a spacious island. Step outside to the covered patio overlooking a private play pool, pavers, a charming gazebo, and a meticulously maintained backyard with trees and shrubs. Enjoy easy access to the 303 and I-10, and the convenience of being within walking distance to schools and abundant shopping. The community also features beautiful parks, perfect for outdoor activities!

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34690 N Ashwood Drive San Tan Valley, AZ 85144

$569,770

4 Beds

2.5 Baths

2,712 SqFt

Status Active

MLS # 6723162

Property Type Single Family Residence

Price Type --

Brand new 2 story with views to the San Tan mountains. Gourmet kitchen layout, stainless steel appliances, 8' Interior doors, 3 car tandem garage.

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18056 W Wolf Street Goodyear, AZ 85395

$569,750

5 Beds

3 Baths

2,552 SqFt

Status Active

MLS # 6742521

Property Type Single Family Residence

Price Type --

Discover this 5-bedroom Sedella gem that captivates with stone accents on its facade, a tandem 3-car garage, and an RV gate. Step inside to a warm, inviting interior featuring wood-look floors and a bright great room designed for entertaining. The kitchen is a chef's delight, equipped with espresso cabinets, stainless steel appliances, a pantry, tile backsplash, granite counters, and a center island with a breakfast bar. Retreat to the main suite offering a private bathroom with dual vanities, a soothing tub, and a walk-in closet. An additional bedroom provides direct backyard access and can serve as a guest quarter. The expansive backyard boasts a covered patio, a shed, and ample space for a pool. A true Sedella treasure, don't miss out!

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15922 W Electra Lane Surprise, AZ 85379

$569,687

4 Beds

3 Baths

2,229 SqFt

Status Active

MLS # 6726177

Property Type Single Family Residence

Price Type --

New home ready for immediate occupancy! This single level 2229 SF 4 Br, 3 BA home, 3 car garage is located on a NS facing homesite surround by single level homes, NO two stories! Exciting included features Upgraded white cabinets, Granite tops in the kitchen, tile backsplash, plank tile floors in all the traffic areas! 10' ceilings, 8' interior doors, garage service door, Large extended patio, tankless water heater, front yard landscaping with drip system, PLUS so much more! Neighborhood also includes, tree lined streets, certified Energy Star and Indoor Air Plus for more energy savings! 5 Star Resort Style Amenities include, hiking trails, Aquatic Center, 8 select parks, Picnic Ramada's, Basketball, 3 Pickle Ball courts, bocce ball courts, 18 hole disc golf course, and a Zip Line for the kiddos! This home is Energy Star and Indoor Air Plus qualified. Includes full Builder Warranties plus so much More..

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15922 W Electra Lane Surprise, AZ 85387

$569,672

4 Beds

3 Baths

2,229 SqFt

Status Active

MLS # 6719014

Property Type Single Family Residence

Price Type --

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20269 N 63rd Drive Glendale, AZ 85308

$569,500

3 Beds

2 Baths

1,592 SqFt

Status Active

MLS # 6759981

Property Type Single Family Residence

Price Type --

Be the proud owner of this completely renovated gem situated in one of the most desired GATED communities in Glendale! This one-of-a-kind home sits on an OVER-SIZED LOT with an RV gate, mountain views, and countless features that will captivate your heart. The inviting interior boasts plantation shutters, elegant tile floors, a soothing color palette, and layered crown molding at both the top and bottom, all surrounded by recessed lighting throughout the entire house, creating a bright and modern ambiance. The sleek kitchen is a chef's dream, featuring stainless steel appliances, a custom built-in microwave, quartz countertops, a pantry, chic tile backsplash, white cabinetry, a center island, and a peninsula with a breakfast bar. Additionally, the kitchen includes a newly installed water filtration system for drinking water. In the master bathroom, you'll find dual vessel sinks, a custom-built shower, and a walk-in closet with custom cabinetry and shelving. Further upgrades include a huge hot water tank in the garage, a brand new washer and dryer, a built-in saltwater filtering system, and a newly installed water softener system. The home also boasts a new AC unit and a new garage door opener for added convenience. The backyard is equally impressive, featuring brand new synthetic grass, an irrigation system, sensory outdoor lighting, and a pool with phone-controlled lighting. Step outside to your stunning backyard oasis, complete with a covered patio, paver seating area, sparkling pool, play space, and awe-inspiring sunset views. Don't miss out while it's still availablecome and experience this extraordinary home today!

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4380 W Ruby Drive Eloy, AZ 85131

$569,500

2 Beds

2 Baths

2,198 SqFt

Status Active

MLS # 6754518

Property Type Single Family Residence

Price Type --

You'll love this upgraded, solar-owned Pavona model, built in 2022 with more than $175,000 in upgrades! This stunning home features 2 bedrooms, 2 baths, an extra-large flex room with a built-in wet bar, and a spacious 2.5-car garage. The kitchen boasts granite counters, a subway tile backsplash, 41'' cabinets, water softener & whole house filtration system, built-in garbage bins, a gas range, a GE Advantium microwave, along with a pot filler & under-cabinet lighting for added convenience. The master suite includes a curbless tiled shower & granite vanities. Other upgrades include luxury wood flooring, 8-foot doors, surround sound, advanced tech, & whole-house water filtration. Enjoy the landscaped backyard with a raised garden bed & extended patio. BBQ stub. This home is a must see!

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3021 N Randolph Road Phoenix, AZ 85014

$569,500

3 Beds

2 Baths

1,620 SqFt

Status Active

MLS # 6679115

Property Type Single Family Residence

Price Type --

Motivated seller. Low maintenance yard front and back. All new electrical wiring, relocated electrical panel and 2 AC units. Tankless gas water heater. Modernized with addition of a permitted split master bedroom with bathroom and large closet. LED lighting throughout. Beat the heat with your own private pool. Many hospitals in the area could be a good STR or medium term rental to serve people needing that service. Great access to Highways and to downtown Phoenix. NO HOA

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3121 N 21st Place Phoenix, AZ 85016

$569,500

3 Beds

2 Baths

1,557 SqFt

Status Active

MLS # 6740406

Property Type Single Family Residence

Price Type --

This beautifully remodeled mid-century gem offers a perfect blend of modern amenities and classic charm. Enjoy a spacious split floorplan that provides privacy and comfort for all. Your private oasis awaits with a covered pergola and extended patio, ideal for outdoor entertaining and relaxation. Experience tranquility in this secluded setting with excellent access to the Biltmore/Camelback area and downtown Phoenix. The recently remodeled kitchen features quartz countertops, 42'' cabinets, R/O faucet and modern fixtures. Upgraded bathrooms offer both comfort and convenience. Enjoy updated flooring throughout the home, interior doors, and a newer A/C unit. Don't miss the chance to own this stunning mid-century home that perfectly balances modern upgrades with classic style!

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