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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2833 E Oriole Drive Sierra Vista, AZ 85635

$569,000

5 Beds

3 Baths

3,298 SqFt

Status Active

MLS # 6734191

Property Type Single Family Residence

Price Type --

Here comes your dream home! Beautifully updated Gem with an almost 1 acre lot and 3,300 sqft of Living Space. Discover the epitome of modern comfort and luxury in this carefully remodeled 5-bed, 3-bath home nestled in the center of Sierra Vista. Boasting an expansive Arizona room, great room, and living room, this residence offers spaciousness and versatility. Step inside to find a meticulously renovated interior adorned with top-of-the-line upgrades, including granite countertops, Sherwin Williams paint finishes, new HVAC system and more. The chef-inspired kitchen features sleek cabinetry, brand new Samsung stainless steel appliances, and ample counter space, making meal preparation a joy. Outside, the enormous backyard beckons with endless possibilities for outdoor living and recreation

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2321 W Hedgehog Place Phoenix, AZ 85085

$569,000

4 Beds

2 Baths

2,313 SqFt

Status Active Under Contract

MLS # 6748936

Property Type Single Family Residence

Price Type --

Pride of ownership shines in this stunning 4-bedroom, 2 bath home nestled in the desirable Dynamite Mountain Ranch community. From the moment you arrive, you'll be captivated by the charming curb appeal and meticulously maintained exterior. Inside you'll find 4 generously sized bedrooms and ample kitchen space. Outside, enjoy your own backyard paradise! The yard is designed for relaxation and outdoor fun

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2791 S Sailors Way Gilbert, AZ 85295

New

$569,000

4 Beds

2.5 Baths

2,314 SqFt

Status Active

MLS # 6762368

Property Type Single Family Residence

Price Type --

This gorgeous upgraded home has 4bd, 2.5bath's and offers an amazing split floorplan with the master suite, guest bath, laundry, living and dinning rooms on the lower level. Upstairs is 3 bedrooms and 1 bath plus large loft/game room area. The renovations include upgraded bathrooms, kitchen, ceramic plank tile floor, carpet, fixtures throughout, window coverings, sunscreens, interior / exterior paint, garage storage, epoxy flooring, AC units and whole house water filtration system. The backyard has an extended paver deck leading to a firepit and grass area. The home is in a great location no neighbors on 3 sides, next to a green belt and close to the community center with park, playground, tennis/pickleball and basketball courts . Close to San Tan village for dinning and entertainment. The sellers are related to the listing agent.

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2655 E Estrella Street Gilbert, AZ 85296

$569,000

4 Beds

2 Baths

1,917 SqFt

Status Active

MLS # 6725471

Property Type Single Family Residence

Price Type --

BACK ON MARKET WITH A BRAND NEW ROOF AND HVAC - This beautiful home is in the Greenfield Lakes Golf Course Community in Gilbert, AZ! Minutes from San Tan Village, offering great shopping, dining, Top Golf, and the unique Agritopia. This property features high ceilings, elegant flooring, and ceiling fans throughout. Enjoy a spacious, low-maintenance front yard with artificial grass and a generous backyard. The large eat-in kitchen, with a breakfast bar and open layout, is perfect for gatherings. The 3-car garage includes built-in cabinets and an additional laundry room. Stainless steel appliances, washer, and dryer are included. Located in the highly sought-after Gilbert School District, this home is near the community park playground.

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2527 W Brookhart Way Phoenix, AZ 85085

$569,000

3 Beds

2.5 Baths

2,446 SqFt

Status Active

MLS # 6736947

Property Type Single Family Residence

Price Type --

Wake up to beautiful mountain views from the primary suite of your new home, where convenience meets natural beauty! There are 3 spacious bedrooms upstairs and an office conveniently located downstairs—perfect for work-from-home days or a hobby space. Don't forget the fantastic pool out back complete with a calming water feature. There's easy access to the AZ Canal Trail System, Deem Hills Rec Area, and the Sonoran Nature Preserve. On the filp-side you're close to shopping and entertainment with the Norterra Entertainment District just two miles away. Dive in, relax, and enjoy the sunny side of life in this wonderful home!

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4141 E Giara Street San Tan Valley, AZ 85140

$569,000

5 Beds

3 Baths

2,605 SqFt

Status Active Under Contract

MLS # 6748232

Property Type Single Family Residence

Price Type --

This beautiful home is a gem within the Archer Meadows community. The manicured front yard offers a maintenance-free landscape, with a 30' paver driveway extension perfect for RV parking. Yes an RVGate you can actually use! The front entry features a custom iron security door to enjoy Arizona winter weather. Inside you'll find wood plank tile and luxury vinyl plank flooring throughout. The kitchen features a gourmet gas range with expansive quartz countertops. With 5 bedrooms and 3 full bathrooms this home has plenty of space for everyone to be comfortable. The primary suite includes a large walk in closet complete with a wall-to-wall organization system. The finished garage has polyurethane flooring and a ceiling-mount tote storage system as well as prewired 60 & 80 amp ready for outlets The backyard is an entertainers dream with an expanded travertine patio, privacy screen partially enclosing the 8 person spa situated under a gorgeous pergola, a fully fenced salt water pool with in-ground cleaning system, and 5 raised garden beds for all plant lovers! The upgraded pet turf will keep your pets paws cool even in the summer and keeps the entire yard ready to host any and all gatherings. Enjoy one of many community playground, walking paths, fitness center, disc golf courses and more as this community has countless amenities. 2 miles from the new Vineyard Town Center with shopping, dining, & entertainment.

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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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