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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4889 N Cerro Vista Pine, AZ 85544

$565,500

2 Beds

1 Bath

1,764 SqFt

Status Active

MLS # 6749778

Property Type Single Family Residence

Price Type --

Nestled in a charming mountain community known for its vibrant craft fairs, this beautiful home offers serene living with it's 2 bedrooms plus a loft ,1 bath & a large living room that showcases the breathtaking views of the Mogollon Rim. Surrounded by majestic Ponderosa Pines and bordering the US Forest Service land, this property provides both privacy and a connection to nature. Recently updated with new appliances, new flooring and fresh paint inside and out, this home is move-in ready and perfect for those seeking a peaceful retreat. Enjoy the stunning natural beauty and warm community atmosphere in this idyllic mountain getaway.

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13747 W Nogales Drive Sun City West, AZ 85375

$565,500

2 Beds

2 Baths

1,837 SqFt

Status Active

MLS # 6734640

Property Type Single Family Residence

Price Type --

Presenting the San Ysidro Model home, a masterpiece of elegance and refined taste, situated on a corner lot within the serene, gated community of Corte Bella. This home spans 1,837 sq ft and features two spacious bedrooms and two luxurious bathrooms,+ large den/office tailored for both enchanting entertainment and peaceful relaxation. The heart of this home offers a chef's dream kitchen, fully upgraded with stainless steel appliances, granite countertops, a center island, and an ample pantry. The primary suite offers a sanctuary-like experience with bay windows, modernized flooring, a large walk-in closet, and a private water closet with double sinks. The accompanying bedroom and bathroom continue the theme of luxury with updated fixtures, and new installations. Expansive connections between the great room, den/office with custom French doors, dining, and kitchen areas showcase the carefully selected neutral tile flooring throughout, reflecting a tastefully designed interior. This exceptional property is now available for sale, ready to fulfill your dream of sophisticated yet practical living.

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16837 W Fetlock Trail Surprise, AZ 85387

$565,296

5 Beds

3 Baths

3,420 SqFt

Status Active

MLS # 6747381

Property Type Single Family Residence

Price Type --

On the hunt for a new home? Here's a wonderful home in the heart of Surprise that just released to the MLS. Very spacious high performance Wrightson plan. This popular floor plan includes a Gourmet Kitchen, Loft, Study space, Tub/Shower combination in the primary, Home Automation, Geofencing, whole house air purification system, and 5 bedrooms with 3 full baths. With one full bed and bath located down stairs. All rooms are very spacious!

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17313 W Wood Drive Surprise, AZ 85388

$565,000

4 Beds

2.5 Baths

2,774 SqFt

Status Active

MLS # 6759279

Property Type Single Family Residence

Price Type --

Awesome opportunity to own this beautiful two-story haven in Surprise! With its 4 beds, 2 baths, and a powder room, it has been thoughtfully considered to ensure both style and comfort. Large living room and the great room are graced with bountiful natural light. Well-appointed kitchen is a cook's delight, showcasing abundant white cabinets with crown moulding, recessed & pendant lighting, subway tile backsplash, a center island with a breakfast bar, quartz counters, and high-end stainless steel appliances such as a wall oven & cooktop gas. Flexible loft can be used as a TV area or office. Carpeted main retreat provides an ensuite with dual sinks and a separate shower & tub. Finally, the spacious backyard has a covered patio and paver seating area. Do not miss this amazing deal!

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1562 Rock Ridge Circle Heber, AZ 85928

$565,000

3 Beds

2 Baths

1,500 SqFt

Status Active

MLS # 6736026

Property Type Single Family Residence

Price Type --

Experience the epitome of mountain living in this custom-built full log chalet-style cabin nestled among breathtaking panoramic views. Boasting three bedrooms and two baths, this home features massive exposed log beams and peel pole log accents throughout. The centerpiece is a rock face gas fireplace, complemented by knotty hickory cabinets in the spacious kitchen. Tons of windows illuminate the open floor plan, with two bedrooms conveniently located on the main floor. The open loft master suite offers unparalleled vistas, perfect for relaxation. Enjoy year-round comfort with central heating and cooling, and entertain on the recently refinished wraparound deck and freshly stained cabin and garage. Additional amenities include a 2-car pull-through garage, all accessible via a paved etc.... county-maintained road, located in an HOA to protect your investment, ensuring both luxury and convenience in this mountain retreat.

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2814 S Fossil Creek Lane Flagstaff, AZ 86001

$565,000

2 Beds

2 Baths

1,710 SqFt

Status Active

MLS # 6739279

Property Type Single Family Residence

Price Type --

Welcome home! This bright and cheery 3-bedroom, 2.5-bathroom home is fully furnished, boasting a thoughtful and cozi layout. The sunny living room welcomes you as you enter the home, with a comfortably sized powder room conveniently tucked away beneath the staircase. The dining room seamlessly combines with the kitchen, which features stainless steel appliances and a convenient breakfast bar for casual dining... The ample primary suite offers a peaceful escape with its well-appointed design-including plenty of room for a work station, treadmill or reading nook. A great feature of this home is the 2-car tandem garage, providing substantial space for your vehicles and additional storage needs. The backyard is surrounded by privacy fencing, complete with a paved patio area - perfect for ent

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20063 N 98th Avenue Peoria, AZ 85382

$565,000

2 Beds

2 Baths

1,858 SqFt

Status Active

MLS # 6747446

Property Type Single Family Residence

Price Type --

RARE REMODELED HOME IN WESTBROOK VILLAGE! Beautifully designed 2-bedroom, 2-bathroom ranch-style home with 1,858 sq. ft. of living space. Owners spent over $165,000+ on the remodel (see documents tab for breakdown of costs), plus professional interior design and gorgeous furniture that can all be purchased with this property to make this truly a TURN-KEY property - just bring your toothbrush! Step inside to a bright and open great-room living area featuring vaulted ceilings, gorgeous electric fireplace and luxury vinyl plank flooring. The elegant kitchen boasts a mixture of quartz slab counters on the perimeter & slate gray granite countertops on the island. These perfectly compliment the upgraded cabinets & SS Kitchen Aid appliance package purchased recently in 2023. There is also a huge breakfast room area just off the kitchen perfect for everyday meals. The primary bedroom is carpeted, providing a warm and comfortable retreat, and features its own bathroom with double sinks, a full bath, private toilet room, and a separate shower & tub, offering a touch of luxury and convenience. The secondary bathroom has been updated to a stylish 3/4 bath with a walk-in shower, remodeled in 2023. The laundry room may be one of the nicest rooms in the house as this was expanded and remodeled to provide plenty of countertop space, a sink, and cabinets to make laundry fun again! Step outside to the backyard, where you'll find a covered patio, desert landscaping, mature landscaping, synthetic grass, and a new irrigation system installed in 2023perfect for outdoor entertaining and convenience. This is a true LOCK & LEAVE HOUSE that also includes 2 garage spaces and is part of a vibrant community with countless amenities such as a biking/walking path, clubhouse/rec room, tennis courts, community media room, heated pool and spa, golf course, and workout facility. Don't miss your chance to own this move-in ready gem in a fantastic community!

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3211 E Kerry Lane Phoenix, AZ 85050

$565,000

4 Beds

2.5 Baths

1,880 SqFt

Status Active

MLS # 6758934

Property Type Single Family Residence

Price Type --

Nestled in a quiet cul-de-sac, this stunning 4-bed, 2.5-bath home offers the perfect blend of comfort and style. Enjoy the benefits of energy efficiency with Newly Leased solar panels. Relax in a Refreshing Pool at the end of your day or all weekend long! There are no neighbors behind to peer down at you. The sleek remodeled kitchen offers modern appliances, quartz countertops, and ample cabinetry, perfect for any home chef. Just minutes from Desert Ridge Shopping, Loop 101, and the Musical Instrument Museum. Fantastic location to get you anywhere in the Greater Metro area quickly.

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5497 S Joshua Tree Lane Gilbert, AZ 85298

$565,000

4 Beds

3 Baths

1,840 SqFt

Status Active

MLS # 6746360

Property Type Single Family Residence

Price Type --

Discover this impeccably maintained 4-bedroom, 3-bathroom home with an inviting open concept floor plan, nestled in the prestigious Bridge community. The updated kitchen features a natural gas oven/stove, a new microwave, a dishwasher, and a triple filtration system. This well-designed space seamlessly transitions into the dining and living areas, perfect for modern living. The extended garage offers ample space for large vehicles or additional storage. Professionally installed pavers adorn the side of the home, leading to a beautifully landscaped backyard. Enjoy a versatile outdoor area with a 16' x 2.5' planting bed, a 5' x 11' paved storage area, a covered patio, and a built-in gas hookup for your grill. Additional highlights include an owned water softener, stylish floating flooring in the master bedroom, a custom-designed screen door at the front entry, and a security system ready for reactivation. Experience the exceptional features of this home firsthand.

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4517 W Bluefield Avenue Glendale, AZ 85308

$565,000

3 Beds

2 Baths

2,080 SqFt

Status Active

MLS # 6704844

Property Type Single Family Residence

Price Type --

Gorgeous home with a pool & golf course views! Boasting real wood flooring throughout & vaulted ceilings. Bright, open kitchen with white cabinetry, granite countertops, stainless steel appliances, island, & RO System. Enjoy privacy with a split floor plan. 2 newly remodeled with updated vanities & modern showers/tubs. Backyard oasis offers a sparkling pool with new pump, covered patio, green space, & pavers. Also featured, a 2-car garage, new water heater, & a new washer & dryer. Seated on a lot backing the golf course with view fencing, you'll love living in this ulta-private community with amenities like a pool, spa, clubhouse, and convenient access to Tanger Outlets, Westgate Entertainment District, State Farm Stadium, shopping, dining, and more - the options are endless!

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13113 W Citrus Way Litchfield Park, AZ 85340

New

$565,000

4 Beds

3 Baths

2,614 SqFt

Status Active

MLS # 6762010

Property Type Single Family Residence

Price Type --

Beautiful Corner house , 3 car garage , in a perfect location close to freeways and shopping centers. Come take a look at spectacular house with a great open floor plan. All appliances will convey ,except washer and dryer

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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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