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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1920 N Cavalier Drive Tempe, AZ 85288

$569,000

3 Beds

2 Baths

1,780 SqFt

Status Active

MLS # 6751688

Property Type Single Family Residence

Price Type --

Large Corner Lot ''Haver Style'' home in fabulous North Tempe Location. Vaulted Ceilings. Diving Pool **Large Lot** 10,032 feet. Single level 3 Bedroom, 2 Bath, 1780 Sq Feet, private pool. Large Extra side yard with Desert Landscaping makes a very private corner home. 2 Car Garage, Separate Living Room , Family Room, Large Bedrooms, Tiled Throughout, Large Covered Patio, Fenced Pool, 2 Blocks West of Scottsdale Rd. This home is ready to customize and make it your way and your style. No HOA. Great opportunity to include the large unused corner lot into your own usable private backyard space.

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20971 N 80th Lane Peoria, AZ 85382

$569,000

4 Beds

2.5 Baths

2,512 SqFt

Status Active Under Contract

MLS # 6742265

Property Type Single Family Residence

Price Type --

Welcome to your future home in the desirable Fletcher Heights neighborhood! This spacious family residence offers 4 bedrooms, 3 bathrooms, and a 3-car garage. The master bathroom is a dream with deep tub, make up vanity, separate shower, leading in to a huge walk in closet. Updated by previous owners in 2022, this house has been further enhanced with fresh paint, a new hot water heater, new stainless steel appliances, and OWNED SOLAR for energy efficiency. Situated on an oversized cul-de-sac lot, this prime location provides easy access to the 101 freeway, shopping, and dining options. Don't miss the opportunity to make this modern, well-appointed home yours!

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3055 N 33rd Place Phoenix, AZ 85018

$569,000

4 Beds

2.5 Baths

2,108 SqFt

Status Active

MLS # 6725209

Property Type Townhouse

Price Type --

Beautiful newer townhome in a quiet gated community centrally located near Biltmore and Arcadia - close to restaurants, shopping, entertainment and just 10 minutes to downtown Phoenix and Sky Harbor International Airport. First floor has an open floorplan with high ceilings and wood plank tile flooring, Kitchen has a large island with bar seating, granite counters, large pantry, and bay window dining area. It is open to the family room, which has an oversized triple sliding glass door leading out to a covered patio and pavered backyard. Oversized garage has separate side yard exit. Upstairs you enter a huge loft space with vaulted ceilings. 4 bedrooms are split from each other for added privacy - Master at one end, two bedrooms at the other end and the fourth halfway between.

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23658 S 210th Place Queen Creek, AZ 85142

$569,000

4 Beds

2.5 Baths

2,105 SqFt

Status Active

MLS # 6740898

Property Type Single Family Residence

Price Type --

Welcome to your new home in the highly sought community of Hastings Farms. This home offers a warm and inviting atmosphere that you will fall in love with the moment you step inside. This lovely home offers four bedrooms and 2.5 baths. The interior home has been upgraded with all newer light oak LVP, lush carpet upstairs, newer interior paint, 5''baseboards and all newer light fixtures throughout the home. In the heart of the home, the kitchen will inspire your culinary adventures with newer white shaker cabinets, vast island with gorgeous granite. All accented with stainless steel appliances and gas range perfect for cooking. Dont forget the beautiful touches of the wainscotting in the family room. Step outside to your very own paradise with a private oasis of a thoughtfully designed thoughtfully desinged pool featuring travertine decking and a large baja shelf, and removable pool fence, accented by lush turf. Perfect for entertaining or enjoying beautiful sunny days in the sun or at night under the stars. This home has so much more and will not dissapoint.

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711 E Mckinley Street Phoenix, AZ 85006

$569,000

3 Beds

2.5 Baths

1,038 SqFt

Status Active

MLS # 6685960

Property Type Single Family Residence

Price Type --

Opportunity knocks!! Own this beautifully well kept downtown bungalow style brick historic home with casita in the heart of the GARFIELD HISTORIC DISTRICT. This property is zoned R5 which allows more units to be constructed/professional office/restaurant opportunities/commercial applications & many other types of opportunities. You could live and work there. Location, Location, Location! This property is located next to everything Talking Stick Arena, Chase Field, downtown ASU, Roosevelt Art District, light rail, boutique restaurants, and other venues. This property has been nicely updated w/HARDWOOD FLOORS, REMODELED KITCHEN, A/C, ROOF AND TANKLESS WATER HEATER IN 2017. The casita in the back has a bathroom & could be rented. Don't miss this opportunity to own this piece of PHX history.

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4000 E Village Circle Flagstaff, AZ 86004

$569,000

3 Beds

2.5 Baths

1,510 SqFt

Status Active

MLS # 6745009

Property Type Townhouse

Price Type --

Fully remodeled 3-bedroom, 2.5-bath end unit townhome in Flagstaff, just minutes from Continental Golf Course and dining. This 1,510 sq ft home features a great room with cathedral ceiling and gas fireplace, a modern kitchen with granite countertops and stainless appliances, and newly renovated bathrooms. Enjoy fresh flooring and paint throughout, plus a spacious side yard and back yard with a paved patio. Attached garage, pet-friendly community with low HOA. Move-in ready and perfectly located for convenient, stylish living.

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13317 W Dale Lane Peoria, AZ 85383

$569,000

3 Beds

3 Baths

1,841 SqFt

Status Active

MLS # 6753315

Property Type Single Family Residence

Price Type --

Why wait for a new build when you can have this beautiful home on a large lot in a quiet cul-de-sac? This property features north-south exposure, 3 bedrooms, 3 FULL baths,and a 3-car garage.Enjoy view fencing with STUNNING mountain views. The gourmet kitchen includes 42'' cabinets, a drop-in gas cooktop, black under mount sink, granite countertops, Pendant Lights and a 10' Island with cabinets on both sides. There's a large separate dining area and an open floor plan with 12' doors leading to a beautifully landscaped BACKYARD. The spacious master ensuite boasts a wonderful walk-in shower and closet .The split bedrooms each have their own bath. Ceiling Fans Thru-out* The large 3-car tandem garage includes a service door and a large driveway with extra parking. Make this Home,YOUR OWN

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14410 N 42nd Place Phoenix, AZ 85032

$569,000

4 Beds

3 Baths

1,752 SqFt

Status Active

MLS # 6690022

Property Type Single Family Residence

Price Type --

Welcome to your dream family abode nestled in the heart of North Phoenix, Arizona! This charming single-level home boasts an array of desirable features designed to cater to your every need. Step inside to discover a spacious interior adorned with multiple living spaces, providing ample room for relaxation and entertainment. Whether you're hosting gatherings or enjoying quiet family evenings, there's a space for every occasion. The home's owned solar panels not only offer eco-friendly energy solutions but also ensure significant savings on utility bills, providing both environmental consciousness and economic efficiency. Outside, you'll find a delightful backyard oasis, perfect for soaking up the Arizona sunshine. Welcome home!

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12417 N 145th Avenue Surprise, AZ 85379

$569,000

3 Beds

2.5 Baths

2,482 SqFt

Status Active Under Contract

MLS # 6713391

Property Type Single Family Residence

Price Type --

This amazing corner lot property in the master-planned community of Marley Park is a must-see! It features a 3-car tandem garage and a charming, bright interior with tall ceilings, pre-wired surround sound, and chic light fixtures. The kitchen boasts white cabinets with crown molding, quartz counters, recessed and pendant lighting, a large island with a breakfast bar, a stylish tile backsplash, and stainless steel appliances. The main bedroom has a spa-like ensuite with a soaking tub, dual sinks, a step-in shower, and a walk-in closet. The private backyard is perfect for relaxing, with a covered patio, artificial turf, a fire pit, and lovely pavers. Don't miss out on this fantastic opportunity!

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42109 N New River Road Phoenix, AZ 85086

$569,000

3 Beds

2 Baths

1,840 SqFt

Status Active Under Contract

MLS # 6672718

Property Type Single Family Residence

Price Type --

Welcome to your desert oasis retreat! Nestled on over 1 acre of land, this charming territorial style home offers the perfect blend of comfort and tranquility. Boasting 3 spacious bedrooms and 2 bathrooms, this residence provides ample space to relax and unwind. As you step inside, you'll be greeted by an inviting open family room, perfect for gatherings and cozy evenings by the fireplace. The warm tones and natural light flooding through the windows create an inviting ambiance. Breathtaking desert mountain views surround the property. Whether you're enjoying your morning coffee on the patio or hosting a barbecue, the panoramic vistas will surely leave you in awe.This home's territorial style architecture blends seamlessly with the natural landscape, offering a true sense of Arizona!

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9818 W Pontiac Drive Peoria, AZ 85382

$569,000

4 Beds

2.5 Baths

2,045 SqFt

Status Active

MLS # 6730793

Property Type Single Family Residence

Price Type --

Beautiful home in stunning northern Peoria checks ALL the boxes! Completely REMODELED and offering an incredible open and bright floorplan with vaulted ceilings featuring 4 bedrooms, 2 1/2 baths and 2045 square feet to enjoy. Stunning open-concept chef's island kitchen with shaker-style soft close designer cabinets with gorgeous quartz counters, upgraded high-end stainless-steel appliances including a NEW smooth-gas cook top, double wall oven, refrigerator and dishwasher. Custom interior paint, new flooring, newer water heater & A/C. Incredible private pool newly treated and with new sand filter pump 2024.This remarkable neighborhood location provides convenient access to Parkridge dog and children's parks, mountain preserves, outstanding schools, and easy freeway access!

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7710 E Gainey Ranch Road Unit 202 Scottsdale, AZ 85258

$569,000

2 Beds

2 Baths

785 SqFt

Status Active

MLS # 6706024

Property Type Apartment

Price Type --

Summer is over-we are back on market. Affordable Luxury w/ this Impeccably Crafted, Designer's Own Condo. Nestled within the Heart of Scottsdale, in the Guard-Gated Community of Gainey Ranch, the Perfect ''Lock & Leave'' Lifestyle for EASY LIVING. Tastefully Renovated Top to Bottom to include Two Full Bathrooms, Reconfigured Kitchen for Maximum Living Space. Beautiful Carrara Marble throughout. Brand New Paint, Flooring, Lighting & Fans, Custom Roman Shades, Soft Water, Rev Osmosis, Refrigerator, water heater, Garage w/ Epoxy Floor & Extra Storage. Primary Bdr includes Washer/Dryer, Full Bath & 2nd Private Patio. Enjoy State-of-the Art Gym & Workout Center, Olympic-Sized Pool, Tennis/Pickle Ball, Walking Paths, restaurants, shops.Dues cover water/sewer/trash /pest cable/internet & more The Clubhouse offers Many Events & Wine Tastings, making for Resort-Style Living at its Finest. Minutes to everything you need, Major Freeways & Sky Harbor International Airport.

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