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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819 N Alison Way Chandler, AZ 85226

$590,000

4 Beds

3 Baths

2,328 SqFt

Status Active Under Contract

MLS # 6731749

Property Type Apartment

Price Type --

Say Hello to relaxation and convenience awaits in this updated turn-key East coast vibe townhome. Moments from shopping and dining and less than a mile from I-10, this contemporary, 3-bedroom, 3-bath home with no pool or yard to maintain, offers hassle-free living. Entertainment options abound in the kitchen & great room, where floor-to-ceiling glass doors opening onto the balcony offer breathtaking sunset views. Adjoining the living area are two guest bedrooms and a hall bath. The third-floor primary suite boasts a spacious private balcony & resort-style bathroom with a luxurious spa-like shower. A ground-floor bonus room with walk-out patio features a ping pong table and patio seating, ideal for game night or entertaining. Fully updated and most furniture available on separate B.O.S

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10114 W Cashman Drive Peoria, AZ 85383

$590,000

4 Beds

3.5 Baths

2,682 SqFt

Status Active Under Contract

MLS # 6687084

Property Type Single Family Residence

Price Type --

10114 W Cashman Dr, Peoria, AZ 85383 - REDUCED!! Pride of ownership in The Meadows, do not miss this beautiful home built in 2019 with all of the upgrades, 4 bedrooms all upstairs (1 is guest suite with private bath), Granite countertops, Gourmet stainless steel appliances with gas cooktop, large island and nice size pantry, tile backsplash, extensive wood plank tile flooring, custom window coverings, extended master shower with rain showerhead, oversized garage, water softener, Alarm system, low maintenance backyard, kids playset, nice corner lot, Community pool & hot tub, Pickle Ball Court, clubhouse, volleyball & basketball courts and other features. Easy access to Loop 303, less than 20 minutes to new Taiwan Semiconductor Manufacturing Plant.

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18624 W Lawrence Lane Waddell, AZ 85355

$590,000

5 Beds

3 Baths

2,722 SqFt

Status Active Under Contract

MLS # 6709554

Property Type Single Family Residence

Price Type --

Better than new! Start enjoying your own private resort the day you take possession rather than waiting to find landscapers and pool companies, then suffer months through the noise, dust, and dirt of a new build... Just step right out into your own private oasis with pool, waterfall, fire pit, and a spacious, covered travertine patio. Facing north, there's no intense Arizona sunlight directly shining on you during the day, making for very pleasant occasions for coffee in the morning, or dinner with family or friends in the evening. The home is loaded with luxury-level finishes, giving you the sense of ease and sophistication, with 5 generous sized Bedrooms/3 Full Baths. Also $10K Seller Concessions available towards Buyer's Closing Costs, Rate Buy-Down with Full Price Offer.

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19606 W Grant Street Buckeye, AZ 85326

Open House

New

$590,000

3 Beds

2.5 Baths

2,259 SqFt

Status Active

MLS # 6786961

Property Type Single Family Residence

Price Type --

Beautifully upgraded 3 bed/2.5 bath home in the very desirable Blue Horizon subdivision. This home has a very spacious great room with a formal dining room and an eat-in kitchen. Upgrades include: beautiful wood plank ceramic tile, stainless appliances, quartz countertops, designer lighting, herringbone tile backsplash, oven/microwave wall combo, 42'' cherry cabinets, LED under cabinet lighting, recessed lighting throughout, ceiling fans throughout, vinyl plank in bedrooms, barn door, & soft water loop. Front entrance includes a paved courtyard with a rod iron gate and driveway is upgraded with pavers. Backyard features a covered patio, automatic sprinkler system, private pool with water feature. This home is also BnB ready with a separate entrance or can be used as a single family home.

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9410 W Meadowbrook Avenue Phoenix, AZ 85037

$589,999

4 Beds

4 Baths

2,585 SqFt

Status Active

MLS # 6729781

Property Type Single Family Residence

Price Type --

**Don't miss out on this beautiful single-level home with a certified Energy Star rating of 5!** This newer property boasts delightful curb appeal with an easy-care landscape and a tandem 3-car garage, situated in a gated community. **Step inside to find:** - An inviting hallway leading to a perfectly flowing great room with high ceilings, recessed lighting, and sliding glass doors that open to the backyard. - Gorgeous wood-look porcelain flooring and a neutral palette throughout, creating a warm and modern atmosphere. **Chef's Kitchen:** - Handsome wood cabinets with crown molding - Stainless steel appliances - Pantry and Quartz counters - Stylish tile backsplash - Large island with a breakfast bar, perfect for casual dining and entertaining **Main Retreat:** - Sun-filled room with an immaculate ensuite featuring two vanities, his and hers walk-in closets, a private toilet room, and engineered flooring. **Additional Features:** - Second ensuite with a walk-in closet and private living area, ideal for guest privacy. - Each bedroom has its own dedicated bathroom, ensuring comfort and convenience for all. **Outdoor Living:** - Relax in the vast backyard with a covered patio, pavers, and low-maintenance turf, perfect for outdoor gatherings and relaxation. **Prime Location:** - Minutes away from Westgate, Glendale Stadium, and the soon-to-be-built water parks and hotels, making it an ideal property for Airbnb. **This home is the perfect blend of luxury and convenience. Own the home meant for you!** Come view today!

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17668 W Blue Sky Drive Surprise, AZ 85387

$589,995

4 Beds

3.5 Baths

2,840 SqFt

Status Active

MLS # 6742948

Property Type Single Family Residence

Price Type --

Explore this impressive Darius home, ready for quick move-in. Included features: an inviting covered entry; a spacious great room; a quiet study; an open dining area; a gourmet kitchen offering a double oven, quartz countertops, 42'' cabinets, a center island and a pantry; a lavish primary suite showcasing a generous walk-in closet and a private bath with double sinks and cultured marble countertops; a convenient laundry; a large living room; a covered patio and a 3-car garage. This home also offers additional windows, ceiling fan prewiring and stone tile flooring in select rooms as well as airy 10' ceilings throughout.

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17617 W Blue Sky Drive Surprise, AZ 85387

$589,995

4 Beds

3.5 Baths

2,840 SqFt

Status Active

MLS # 6772341

Property Type Single Family Residence

Price Type --

This spacious 2,840 sq. ft. single-level ''Darius'' floorplan offers a perfect blend of luxury and comfort. With 10-ft ceilings, a 3-car garage, and a separate guest suite, there's room for everyone to feel at home. The gourmet kitchen features gas appliances, upgraded cabinets, quartz countertops, and a walk-in pantry—a chef's dream! The primary bath boasts a large drop-in tub, perfect for relaxing. Set for November completion, this home's neutral palette provides the perfect backdrop for your personal style.

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24030 N 171st Drive Surprise, AZ 85387

$589,995

3 Beds

2.5 Baths

2,390 SqFt

Status Active

MLS # 6685257

Property Type Single Family Residence

Price Type --

Are you ready for your new home at Asante? Come tour this beautiful Pinecrest plan. Boasting an open layout ready-made for entertaining. This plan centers around an airy great room, a dining nook and an impressive gourmet kitchen with a convenient island. The elegant owner's suite is adjacent, showcasing dual walk-in closets and a private bath featuring walk in shower and drop in tub . Two additional bedrooms, a study , great room featuring amazing corner multi slide doors off great room and covered patio . Bring your backyard oasis vision that will make this home the one always dreaming of. Includes a 2-car garage and separate side turn garage.

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1735 W Wildwood Drive Phoenix, AZ 85045

$589,995

3 Beds

2.5 Baths

2,178 SqFt

Status Active

MLS # 6749237

Property Type Single Family Residence

Price Type --

Immerse yourself in luxury living in Ahwatukee with this exquisite 3-bedroom, 2.5-bathroom home boasting a dazzling pool. The open floor plan exudes light, brightness, and airiness. Upstairs, you'll find an additional loft perfect for casual lounging. The spacious primary bedroom features a walk-in closet that will fulfill any fashionista's dreams. Step outside to the backyard oasis with a pool ideal for entertaining. The beautiful kitchen highlights a large island and breakfast bar for casual dining. Furniture Available. Don't let this rare gem slip away - conveniently located near the 202 freeway for easy commuting to work or exploring the surrounding area. Furniture can be included in sale.

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29407 N 31st Lane Phoenix, AZ 85083

$589,990

4 Beds

3 Baths

1,946 SqFt

Status Active

MLS # 6772477

Property Type Single Family Residence

Price Type --

Ask about special financing with preferred lender! A generous open living space serves as the heart of this single-level home, offering seamless transition between the Great Room, kitchen and dining room, while sliding glass doors lead to a covered patio for indoor-outdoor living. You will find plenty of room for your family with three secondary bedrooms and a stunning owner's suite complete with a spa-like bathroom. Photos are renderings of a model home, not the actual home. A public report is available on the Arizona Department of Real Estate website.

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32017 N 117th Avenue Peoria, AZ 85383

$589,990

3 Beds

2 Baths

1,680 SqFt

Status Active

MLS # 6755518

Property Type Single Family Residence

Price Type --

New home in Mystic - It's the charming Bluebell. Kitchen features include Maple Slate-gray cabinets with 42'' kitchen uppers, soft close doors and drawers and laundry cabinets. AZT Hana Sky quartz countertops in kitchen and baths. Stainless steel appliances include a 36'' cooktop, wall oven, microwave and glass canopy hood. Walk-in shower at owner's bath. Multi slide door that leads out the covered patio. Flooring includes San Matte 12x24 Sand Matte laminate wood in all areas except beds/closets and so much more. Amenity Rich Mystic includes a Resort Style community pool, Rec center with year-round events, Hiking paths & community parks. The perfect location- close to shopping, restaurants, golf, Lake pleasant and the loop 303. PICTURES OF THIS HOME ARE FROM THE BLUEBELL MODEL.

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31985 N 117th Avenue Peoria, AZ 85383

$589,990

3 Beds

2 Baths

1,680 SqFt

Status Active

MLS # 6755529

Property Type Single Family Residence

Price Type --

It's the spacious Bluebell in the stunning community of Mystic. Walk-in shower at owner's bath with tile surrounds/floor. Multi slide door leads out to the covered patio. Pavers at drive, walk and entry. Stainless steel appliances include a 30'' cooktop, wall oven, microwave & canopy hood. Maple Linen-off white cabinets with soft close drawer and doors, pull out trash drawer and additional cabinets in laundry room and at owner's entry. Driftwood wood laminate floors in all areas except beds/closets. Amenity Rich Mystic includes a Resort Style community pool, Rec center with year-round events, Hiking paths & community parks. The perfect location- close to shopping, restaurants, golf, Lake pleasant and the loop 303. THE PICTURES ARE FROM THE BLUEBELL MODEL HOME.

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