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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19962 N 108th Avenue Sun City, AZ 85373

$565,000

3 Beds

3.5 Baths

2,243 SqFt

Status Active

MLS # 6753115

Property Type Single Family Residence

Price Type --

This stunning lakefront residence offers 3 bedrooms and 3.5 baths, featuring ceiling fans, tile flooring with carpeted bedrooms. The kitchen has a spacious island, granite countertops, custom cabinets with an RO system and pull out cabinets. Newer HVAC system. The large master bedroom includes double vanities, instant hot water, a soaking tub, and a spacious walk-in closet. The second bedroom provides access to the Casita with a tub and toilet for added privacy. Outside, a covered patio equipped with a roll-down solar screen allows you to enjoy the picturesque Arizona sunsets. Plus, there's access to fishing and walking paths right from your back door. Ventana Lakes is an active adult community with 9 lakes for fishing, walking trails, clubs, and activities with golf and shopping near by

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508 N Sierra Vista Drive Wickenburg, AZ 85390

$565,000

3 Beds

2 Baths

1,402 SqFt

Status Active

MLS # 6702101

Property Type Single Family Residence

Price Type --

SPACIOUS RV garage! Tons of storage!! Relax with the large covered patio or sit in the beautiful salt water spa with chiller on the warm summer days. Enjoy mountain views from the front and backyard of the home in Mariposa Heights. Store all the toys and much more in the fabulous detached RV garage. Electrical RV hook ups inside, beautiful custom built-in cabinets, cable TV available, and fully insulated-even the garage doors! In 2019 $30k worth of new Renewal by Anderson windows and sliding glass doors throughout the home and garage as well as insulation added to the roof. Outside is a low maintenance, desert landscaped yard. The yard is fully fenced and the walls are conveniently outfitted with electrical outlets. The home has Saltillo tile floors, vaulted ceilings, a fireplace, and a full house water filtration system.

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3734 S 182nd Lane Goodyear, AZ 85338

$565,000

5 Beds

3.5 Baths

3,554 SqFt

Status Active

MLS # 6748555

Property Type Single Family Residence

Price Type --

Welcome to your dream home in Goodyear, Arizona! This stunning residence spans over 3,500 square feet and offers a blend of luxury, comfort, and style. With 5 spacious bedrooms and 3.5 elegantly appointed bathrooms, this home is perfect for both relaxing and entertaining. As you enter, you'll be greeted by the grandeur of upgraded 8-foot doors, leading you into an open and airy living space. The upgraded stair railing adds a touch of sophistication, while the beautiful electrical fixtures and chandeliers throughout the home enhance the overall ambiance. The heart of the home, the remodeled kitchen, features a sleek backsplash and upgraded 36-inch cabinets that provide ample storage and a modern aesthetic. The master bathroom features daul sinks, soaking tub and walk-in shower and all the bathrooms offer upgraded 36-inch vanities for both style and functionality. This home also includes practical upgrades for your convenience and security, such as new security cameras and window blinds throughout. The 3-car garage provides plenty of space for your vehicles and additional storage. Step outside to discover a beautifully designed backyard, complete with pavers, lush grass, a charming pergola and an extended gas line making grilling a breeze,perfect for outdoor gatherings and relaxation. The RV gate adds extra flexibility for parking or storage. Don't miss the opportunity to make this exceptional property your own. Experience luxury living in Goodyear with all the modern upgrades and conveniences you've been searching for!

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2114 S Terripin Circle Mesa, AZ 85209

$565,000

4 Beds

2.5 Baths

2,053 SqFt

Status Active Under Contract

MLS # 6721831

Property Type Single Family Residence

Price Type --

REMODELED CUL-DE-SAC HOME WITH POOL AND LARGE LOT! This 2000+ SF 4 BDR home features brand NEW flooring, NEW SHAKER cabinetry, NEW Quartz countertops, NEW stainless steel appliances, REMODELED BATHROOMS, UPGRADED carpets. BRAND NEW ROOF - 2024! NEW AC - 2023. Upstairs bedrooms feature vaulted ceilings and lots of natural light, including a sunset patio deck off the primary suite overlooking the large backyard and park! Large POOL with grass area to play behind. Raised garden bed ready to plant for all your FALL VEGETABLE GARDEN DREAMS! Path access to park just 1 house away. Ideally located just minutes from Starbucks, local restaurants, TOP RATED SCHOOLS, and easy access to 60 FREEWAY, yet tucked into a quiet pocket of Superstition Springs. See this home ASAP before it's gone

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11402 E Stearn Avenue Mesa, AZ 85212

$565,000

4 Beds

2 Baths

2,354 SqFt

Status Active Under Contract

MLS # 6752878

Property Type Single Family Residence

Price Type --

This move-in-ready home is waiting for its new owners! Recent updates include a New Roof, a 5-year-old AC unit, a New Water Heater, and kitchen appliances installed in 2021/2022. The home features keyless entry and a beautiful security iron screen door for added convenience and peace of mind. The kitchen shines with granite countertops, 42'' cabinets, a gas stove, and a cozy breakfast nook. The open-concept great room flows seamlessly into a spacious formal dining area, currently used as a kids' playroom. Enjoy the warmth of a gas fireplace, 10' ceilings. The master suite offers raised dual vanities, a separate shower, and a relaxing soaker tub. With three additional bedrooms and a versatile bonus room off the laundry room perfect for office, media room, or even a 5th bedroom this home provides plenty of space for everyone. The private backyard is an oasis with mature trees, a PebbleTec pool, cool decking, a covered patio, and dog run with green turf for your fur babies, perfect for year-round enjoyment. Conveniently located near the 202/24/60 freeways, ASU Gateway, and abundant shopping options.

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2137 E Downing Street Mesa, AZ 85213

$565,000

3 Beds

2 Baths

2,298 SqFt

Status Active

MLS # 6709293

Property Type Single Family Residence

Price Type --

See this stunning single-level property nestled on a peaceful corner lot, in the Pine Terrace community with no HOA. Enter this inviting & spacious floor plan with approx. 2,300 sq ft of luxurious living space & 3 oversized bedrooms. The primary has 2 huge walk-in closets. The kitchen has been completely renovated, the roof replaced in 2023, some new lighting, freshly painted, custom exterior paint & the solar package is only $86.00 a month. In addition, to the breakfast bar there is a dining room, an Arizona room to feel the tranquility of the private yard, a huge living room & a family room adorned with a fireplace & built in book shelves. Amazing desert landscape surrounds this home & pool in beauty. The CUSTOM RV SHELTER & hook up is what you have been looking for. MOVE-IN Read

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647 S Moonlight Drive Payson, AZ 85541

$565,000

7 Beds

4 Baths

2,152 SqFt

Status Active

MLS # 6727571

Property Type Single Family Residence

Price Type --

With a compelling offer, the seller is prepared to contribute to the buyer's interest rate buy-down or concessions. Discover this unique property featuring two homes both with new metal roofs, perfect for extended family living or rental income. The main house boasts 4 bedrooms and 2 bathrooms, complete with new flooring and carpet, , a new water heater, new HVAC system, brand new cabinets, and quartz countertops. Modern lighting and fixtures are present throughout, and the primary suite includes an ensuite with an extra-large tiled shower, new vanity, and updated lighting. The second home offers 3 bedrooms and 2 bathrooms and is move-in ready. Outdoor space features mature trees providing ample shade, additional storage, and is situated at the end of the street for added privacy.

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17656 N 45th Avenue Glendale, AZ 85308

$565,000

4 Beds

2 Baths

2,098 SqFt

Status Active

MLS # 6742283

Property Type Single Family Residence

Price Type --

Experience luxury living at its finest in the prestigious Bellair community, where this beautifully remodeled single-level home offers a serene golf course lifestyle. Nestled on the 18th hole, this 2,098 sqft residence features 4 beds, 2 baths & an appealing interior that will impress. Discover the inviting living room paired w/a bay window, formal dining room & large great room offering a cozy fireplace & French doors that lead to the outdoors. The open-concept kitchen is a chef's dream, boasting custom cabinetry by Stone Creek, granite counters, tile backsplash, SS appliances & a grand island with a breakfast bar. The romantic primary suite is a tranquil retreat, offering dual sinks, tiled shower, custom cabinets, walk-in closet & access to the enclosed Arizona Room perfect for... enjoying stunning sunrises and sunsets. The expansive backyard is an entertainer's paradise, overlooking the lush golf course & featuring a covered patio, pergola, exterior fireplace, built-in BBQ, storage sheds & additional side yard space ideal for a pool, garden, or private sanctuary. Additional upgrades include a tile roof, beautiful red brick facade, shutters, crown moulding, a custom-built desk in the guest/office space, remodeled bathrooms, new dual-pane windows, fresh exterior paint (2021), HVAC system (2022), water heater (2021) & so much more. This dream home is ready for you to fall in love with and make your own!

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12465 W Claremont Street Litchfield Park, AZ 85340

$565,000

3 Beds

2 Baths

1,826 SqFt

Status Active

MLS # 6754322

Property Type Single Family Residence

Price Type --

Welcome to your dream home! This immaculate single-story residence, in a gated community, offers 3 spacious bedrooms, 2 upgraded bathrooms, 2 car garage with an attached RV garage—ideal for storing all your toys. Situated on a premium corner lot with just one neighbor, privacy and space abound. Step inside to discover a gourmet kitchen complete with matching upgraded appliances, a gas range, and a massive walk-in pantry, making it a haven for any home chef. The open-concept layout seamlessly connects living, dining, and kitchen areas, perfect for entertaining or relaxing in style. The backyard features a large gazebo, real grass and plenty of additional space to customize your own desert oaisis! Enjoy the best of Arizona living with easy access to the Cardinals Stadium and all the exciting amenities of Westgate, just 10 minutes away! This home truly stands out with its luxurious post-builder upgrades, perfect for the discerning buyer.

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7137 E Rancho Vista Drive Unit 2012 Scottsdale, AZ 85251

$565,000

1 Bed

1.5 Baths

1,198 SqFt

Status Active Under Contract

MLS # 6653246

Property Type Apartment

Price Type --

Introducing a charming 1-bedroom, 1.5-bath condo nestled in the vibrant heart of Scottsdale, Arizona. This uniquely crafted residence offers a blend of contemporary elegance and comfortable living, with features that are sure to captivate you. Upon entering, you'll be greeted by an abundance of natural light that streams through the large windows, creating a warm and inviting atmosphere. The open floor plan seamlessly connects the living, dining, and kitchen areas, making it ideal for both relaxation and entertaining. One of the standout features of this condo is the breathtaking panoramic views that it offers. From your windows, enjoy stunning vistas of the surrounding landscape. Whether it's sunrise or sunset, you'll have a front-row seat to the beauty of the Arizona skies. This condo boasts a modern aesthetic, with plank-style flooring that adds a touch of sophistication to the space. The kitchen is equipped with sleek black appliances, providing both style and functionality for the home chef. Prepare your favorite meals with ease and enjoy them in the adjacent dining area. For nature enthusiasts, this condo complex is a paradise. Surrounded by lush vegetation, you'll feel like you're in your very own oasis. Step outside and explore the greenery, take a leisurely stroll, or simply relax in the serene ambiance of the community. When it's time to beat the Arizona heat, head to the sparkling blue community pool. Whether you want to swim laps, soak up the sun, or simply cool off, this amenity is a delightful addition to your lifestyle. In summary, this 1-bedroom, 1.5-bath condo in Scottsdale offers a uniquely crafted living space with gorgeous views, an abundance of natural light, an open floor plan, and the convenience of lush vegetation and a community pool. It's a place where modern elegance meets the tranquility of the desert, making it the perfect place to call home in this vibrant city.

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41511 N Mill Creek Way Anthem, AZ 85086

$565,000

3 Beds

2 Baths

2,039 SqFt

Status Active Under Contract

MLS # 6710125

Property Type Single Family Residence

Price Type --

Just completed remodel on popular Bonavista model in Anthem Country Club. 3 real bedrooms and 2 baths offering nice sized, private backyard with built-in BBQ. New flooring throughout accented with new oversized baseboard and tons of natural light. Stainless appliances in kitchen with island, breakfast bar, and new honed granite counters. Both bathrooms updated with freestanding vanities and new tile flooring. Anthem Country Club offers 2 clubhouses, 2 gyms, 2 restaurants, 2 golf courses and many more amenities behind the guard gated entry.

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15829 N 168th Avenue Surprise, AZ 85388

$565,000

5 Beds

3 Baths

2,873 SqFt

Status Active

MLS # 6715613

Property Type Single Family Residence

Price Type --

Stunning two-story residence offering 5 spacious bedrooms and 3 full bathrooms, situated on a large cul-de-sac lot. This home combines elegance with functionality. Dramatic ceilings and decorative archways add a touch of sophistication & grandeur to the living spaces and the host of modern amenities. Enjoy elegant gatherings in the formal living & dining rooms. The kitchen is a chef's delight, featuring ample counter space, modern appliances and opening to the family room, perfect for relaxing while socializing with the cook! Durable & stylish laminate flooring runs throughout the home, except for the stairs, providing an easy-to-maintain living environment. A convenient bedroom & full bathroom on the ground floor offer flexibility, Transferable Home Warranty in place! for guests, in-laws, or a home office. Upstairs and away from the downstairs activity, is the spacious primary suite, offering a private retreat with plenty of room for a sitting area or home office. The en-suite bathroom features double sinks, a separate shower and a luxurious soaking tub, perfect for unwinding after a long day. A large walk-in closet provides abundant storage for all your wardrobe needs. The home is situated on a generous cul-de-sac lot providing a private and spacious outdoor area with a heated pool and spa for relaxation or hosting outdoor gatherings.

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