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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5827 S Del Rancho -- Mesa, AZ 85212

Open House

$565,000

3 Beds

2 Baths

1,832 SqFt

Status Active

MLS # 6721619

Property Type Single Family Residence

Price Type --

Welcome to this charming single-level home with a modern aesthetic, offering 3 bedrooms and a resort-style backyard. As you approach, you'll fall in love with the paver stone driveway and the inviting covered courtyard at the entrance. Step inside this stunning home and be greeted by high-end window blinds, a gorgeous color scheme, and beautiful upgrades throughout. The kitchen is a chef's delight, featuring quartz countertops, stainless steel gas appliances, a stylish tile backsplash, and a waterfall island with pendant lights and a breakfast bar. The great room is perfect for entertaining, boasting surround sound, a stylish built-in fireplace, a ceiling fan, and an extended-length sliding door that seamlessly blends indoor and outdoor living. The primary suite is a luxurious retreat with a lavish ensuite bathroom, framed mirrors, a walk-in closet, and a tiled rain shower. The second bedroom is immaculate, offering a comfortable and inviting space. The laundry room is thoughtfully designed with ample cabinets for storage. The third bedroom, with its double-door entry and beautiful wardrobe, is perfect for a guest room! The backyard is a dream come true, featuring an expansive covered patio with a ceiling fan and a pool with a travertine deck, perfect for enjoying sunny days and starry nights. Plus a workstation/desk by garage entrance. This home is truly a dream come true, combining modern elegance with comfort and style.

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10624 N 7th Place Phoenix, AZ 85020

Open House

$565,000

3 Beds

2 Baths

1,882 SqFt

Status Active

MLS # 6733153

Property Type Single Family Residence

Price Type --

Explore this beautifully updated home with a new electrical panel installed in January 2024 and a low-cost solar lease until 2037! Recent upgrades include new kitchen appliances and a tankless water heater added in April 2023. The property features an EV outlet and a fully renovated pool and spa with new equipment completed in 2017-18. The Arizona room has been upgraded with stucco walls and new screens. Enjoy remodeled bathrooms, new flooring throughout, enhanced lighting with solar tubes, and upgraded ceiling fans. Google Home thermostat and popcorn ceiling removed for comfort. Privacy is ensured with a raised backyard wall. HOA includes water, premium Cox services, and community pool access. Driveway fits 2 cars, not common in this community. Home has the details you are looking for

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2235 W Aston Drive San Tan Valley, AZ 85144

Open House

$565,000

4 Beds

2.5 Baths

2,553 SqFt

Status Active

MLS # 6711865

Property Type Single Family Residence

Price Type --

Seller may consider buyer concessions if made in an offer. Welcome to this beautiful property with a natural color palette that creates a serene atmosphere throughout the home. The kitchen features a center island for extra counter space, while the primary bedroom boasts a walk-in closet for ample storage. The primary bathroom offers a separate tub and shower, double sinks, and good under sink storage. Step outside to the fenced backyard, complete with a private in-ground pool and covered sitting area. Fresh interior paint and partial flooring replacement in some areas make this home move-in ready. Don't miss out on this fantastic opportunity!

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7524 S Lone Pine Place Gold Canyon, AZ 85118

$564,999

4 Beds

2 Baths

1,913 SqFt

Status Active

MLS # 6750439

Property Type Single Family Residence

Price Type --

The sellers are relocating out of state, so this move-in-ready home is available for a quick closing! Featuring a unique and sought-after split-floorplan, this property offers ample privacy and personal space. The backyard is a standout, showcasing stunning desert and mountain views that stretch as far as the eye can see. This is one of the few homes in Peralta Canyon with a pool, spa, and waterfall feature, all on a tranquil west-facing mountain view lot. Designed for entertaining, the spacious layout includes an open great room that seamlessly extends through wide glass patio doors to a large, pergola-covered extended patio. Built just 5 years ago, the home boasts numerous modern upgrades, including abundant canned lighting, stylish pendant lights above the oversized kitchen island, neutral ceramic and wood tile flooring, granite countertops, a generous pantry, and stainless-steel appliances. The pool and spa are less than a year old, and the home features a super-efficient tankless water heater and an owned water softener. With ample storage throughout, the property is also conveniently located within walking distance to the local elementary school and less than 10 miles from highly-rated public charter schools.Peralta Canyon is known for its proximity to hiking trails, world-class golf courses, and lakes for kayaking and boating. Nearby amenities include dining options, medical and urgent care facilities, grocery stores, and more. This home offers the perfect blend of serene, picturesque living with easy access to city conveniences.

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11934 W Parkway Lane Avondale, AZ 85323

$564,995

5 Beds

3 Baths

2,370 SqFt

Status Active

MLS # 6741556

Property Type Single Family Residence

Price Type --

Explore this dynamic Raleigh home, ready for quick move-in on a homesite boasting driveway pavers and front yard landscaping. Included features: an inviting covered entry; an impressive guest suite; a gourmet kitchen offering 42'' cabinets, quartz countertops, stainless-steel appliances, a double oven, a walk-in pantry and a center island; an open dining area; an expansive great room with center-meet doors leading onto a charming covered patio; a beautiful primary suite showcasing an immense walk-in closet and a private bath with cultured marble countertops; a convenient laundry; a mudroom and a 3-car garage. This home also offers stone tile flooring, additional windows and ceiling fan prewiring in select rooms as well as airy 10' ceilings throughout.

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16355 W Avenida Del Sol -- Surprise, AZ 85387

$564,995

4 Beds

3 Baths

2,480 SqFt

Status Active

MLS # 6718951

Property Type Single Family Residence

Price Type --

This home features a lovely Guest Suite as well as dramatic 10' ceilings throughout and a tray ceiling at entry; a gourmet kitchen with quartz countertops, 42'' cabinets, a spacious open great room with a multi-slide door; a beautiful primary suite with a generous walk-in closet. The master bath features a drop-in tub and a shower. This home offers stylish pavers at driveway/walkway.

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16400 W Avenida Del Sol -- Surprise, AZ 85387

$564,995

4 Beds

3 Baths

2,570 SqFt

Status Active

MLS # 6686225

Property Type Single Family Residence

Price Type --

4 bed 3 bath Elev B 2570 SQ FT 2 Car Garage. Has Gourmet Kitchen, Deluxe Master bath with walk in shower. Garage service door, 10ft ceilings at entry. Gas cooktop/range, Gas stub at Patio, 42'' White upper cabinets with 2-1/2'' molding. Wood looing tile through out and carpet in bedrooms.

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16380 W Avenida Del Sol -- Surprise, AZ 85387

$564,995

3 Beds

2.5 Baths

2,500 SqFt

Status Active

MLS # 6701706

Property Type Single Family Residence

Price Type --

The gorgeous Cassandra floor plan offers 10-foot ceilings with a tray at entry, gourmet kitchen with quartz countertops and 42 inch cabinets, a huge walk-in pantry, a multi-slide door at great room and a slider at Nook, walk-in Shower with rain shower, and pavers at driveway/walkway, the lot is nearly 8000 square feet and it is North/South exposure.

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16348 W Avenida Del Sol -- Surprise, AZ 85387

$564,995

4 Beds

3 Baths

2,480 SqFt

Status Active

MLS # 6727605

Property Type Single Family Residence

Price Type --

This home features a lovely Guest Suite as well as dramatic 10' ceilings throughout and a tray ceiling at entry; a gourmet kitchen with quartz countertops, 42'' cabinets, a spacious open great room with a multi-slide door; a beautiful primary suite with a generous walk-in closet. The walk-in shower features a rain shower head. This home offers stylish pavers at driveway/walkway.

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22891 E Lords Way Queen Creek, AZ 85142

$564,990

4 Beds

3 Baths

2,150 SqFt

Status Active

MLS # 6705386

Property Type Single Family Residence

Price Type --

'' Welcome to Madera, our beautiful community nestled in Queen Creek! Experience serene living with easy access to the 24 Freeway and nearby shopping, all while enjoying an array of fantastic community amenities. From the inviting community pool to the recreational offerings of pickleball, bocce ball, playgrounds, BBQ areas, and charming ramadas, there's something for everyone here. Step into this delightful new construction home, boasting 4 bedrooms + den and 3.5 bathrooms. The Sage floorplan offers a spacious kitchen with a large island, pantry, and expansive dining and great room areas, ideal for entertaining guests or enjoying quality family time. Embrace the elegance of our Industrial Palette, featuring 6 x 24 plank tile floors in the main living areas, plush carpeting in the bedrooms, stylish grey 42 shaker upper cabinets with cabinet hardware, and stunning grey slate quartz kitchen countertops paired with a complimentary tile backsplash. Included are SS appliances with gas range, 8' doors throughout, a 4-panel slider in the Greatroom as well as pre-wire for pendent lighting in the kitchen. The home is complete with a 3 -car tandem garage. This home is truly a gem! It's just waiting for your personal touch to make it complete. Don't let this opportunity pass you by! Begin your journey to owning your dream home at Madera.

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37535 W Padilla Street Maricopa, AZ 85138

$564,990

4 Beds

3 Baths

2,765 SqFt

Status Active

MLS # 6706353

Property Type Single Family Residence

Price Type --

~~~~ Special CASH Pricing $564,990~~~~ Experience Luxury Style living in Maricopa!!! This captivating Jerome floorplan features an expansive great room with multi-slider, home office, and stunning kitchen appointed with stacked cabinetry, gas stove top, and double ovens! Relax in your freestanding tub, host on the patio, or take out the toys from your FIVE CAR GARAGE! With 10ft ceilings, 8ft doors, and 8,750 sq ft homesites, come see why K. Hovnanian is the First Name in Lasting Value! Ready for Quick Move-in!!

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4541 S Venus Drive Mesa, AZ 85212

$564,990

4 Beds

3 Baths

2,425 SqFt

Status Active

MLS # 6711096

Property Type Single Family Residence

Price Type --

This 2,425 sq ft Hibiscus floor plan home has plenty of space with 4 bedrooms, upstairs loft, 3 full bathrooms and 2 car garage. You'll love the convenience of a full bedroom and bathroom on the first floor. This home features the Harmony Premium palette, with white cabinets, quartz kitchen countertops, and subway tile kitchen backsplash. Stainless steel appliances (including the fridge) which makes this kitchen complete. This beautiful home will also come with a full size washer and dryer, blinds and a garage motor. Easy maintenance, luxurious wood plank tile is featured in all common areas with plush carpeted bedrooms and loft. Getting ready is easy with dual sinks and raised vanity in the primary suite bathroom, plus you'll love the space in your suite - large enough for a king-sized bed. This home feels bright and open thanks to the 8' interior doors. Plus, front yard landscaping included! Come and visit all that Eastmark has to offer today.

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