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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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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17514 N Horseshoe Drive Surprise, AZ 85374

$565,000

2 Beds

2 Baths

2,298 SqFt

Status Active

MLS # 6747590

Property Type Single Family Residence

Price Type --

ONE OF THE MOST LUXURIOUS HOMES IN THE PRESTIGIOUS 'PINNACLE' AREA OF THE GRAND * SOLAR LEASE HAS BEEN PREPAID TILL 2032 SO NO MONTHLY EXPENSE. (SAVE 1,000S ) YOU WILL NOT WANT TO MISS THIS ONE !!! EXCEPTIONAL UPGRADES GALORE*FAUX STONE FRONT*STUNNING 18 INCH PORCELAIN TILE*MAGNIFICENT GRANITE COUNTER TOPS & BACKSPLASH * EXQUISITE CUSTOM DESIGNED CHERRY WOOD KITCH CABS, LIBRARY, DEN, MEDIA CENTER * SURROND SOUND* SMOOTH TOP RANGE * 2 OVENS-CONVEN&CONVEC * * GORGEOUS PVT BCKYD W/HUGE PATIO-W/BI BBQ,& SPECTACULAR WTRFALL*3 CAR GAR WITH SERVICE DOOR AND UTILITY SINK*LOW E WINDOWS* ALL APPLIANCES INCLUDED. BEDROOMS HAVE NEW CARPET. PERFECT HOME FOR ENTERTAINING. ACROSS FROM GOLF COURSE AND WATER VIEW. The Grand is a 45+ master planned golf course community Sun City Grand, an active adult community in Surprise, Arizona, offers a variety of amenities including: Four 18-hole golf courses Two fitness centers Two resort-style pools Two outdoor lap pools One indoor pool Tennis courts Pickleball courts Bocce ball courts

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19538 N Crestview Lane Maricopa, AZ 85138

$565,000

5 Beds

3.5 Baths

3,314 SqFt

Status Active

MLS # 6748929

Property Type Single Family Residence

Price Type --

You must see Maricopa's favorite floor plan before it sells! This gorgeous 5-bedroom, 3.5-bath home is a true multi-generational (Next Gen) home, perfect for extended families, guests, or rental income (could bring in $1500/month). The additional 800 sq ft suite offers a private entrance, family room area, kitchenette, sink, dishwasher, separate bedroom, walk-in closet, washer/dryer, and full bathroom! The sellers added upper cabinets, a built-in microwave, and a sliding glass door to the backyard. But there is more! In 2022, they built a NEW POOL with a raised spa with a water feature, pebble tec finish, and a Baja shelf for the kiddos or sunbathing. And yes, both the pool and spa are heated! Richmond America makes excellent homes, and this one is no exception with its beautiful kitchen boasting stainless appliances, double ovens, quartz countertops, a massive island with seating, 42 cabinets, and an extra-large walk-in pantry. The Sellers added a 5th bedroom upstairs by splitting up the huge loft. All the bedrooms have walk-in closets and 9 ft ceilings. The laundry room is upstairs, and the master retreat is super-sized and to die for! This beautiful home is only eight years old and feels brand new. The home is situated in the gorgeous master-planned community of Glennwilde, which features two community pools, a splash pad, walking paths, and playgrounds. Close to Sprouts, the new Home Depot, Tractor Supply and restaurants/shopping. Walking distance to Pacana Park.

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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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15854 W Kino Drive Surprise, AZ 85374

$565,000

2 Beds

2 Baths

2,035 SqFt

Status Active

MLS # 6753050

Property Type Single Family Residence

Price Type --

From the welcoming front enclosed courtyard, through the beautiful inside to the fantastic inviting relaxing expanded patio this is one of those homes that a person can easily fall in love with. The updated striking kitchen is the heart of the home. The kitchen boasts shaker like style cabinetry, solid surface countertops, gorgeous backsplashes, SS appliances & breakfast bar. The spacious main bedroom has crown molding and a bay window with plantation shutters. The stunning main bath offers shaker like style cabinetry, solid surface countertops, dual sinks, unique backsplash, modern mirrors and lighting. Some of the many other desired features include 3 car garage, large den, replaced heating system and hot water system, updated guest bathroom, large utility room with lots of cabinets.

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8098 E Del Trigo -- Scottsdale, AZ 85258

New

$565,000

2 Beds

2 Baths

1,267 SqFt

Status Active

MLS # 6761491

Property Type Single Family Residence

Price Type --

Move in ready 2 bed, 2 bath detached patio home in Scottsdale's highly desirable McCormick Ranch. Great investment property or full/part-time residence. The 2 primary en-suites are located on opposite sides of the house for added privacy, and each have beautiful plantation shutters on large, picturesque windows. You will enjoy cooking in the bright kitchen with tile countertops and stainless-steel appliances which is open to a large family room with a fireplace and vaulted ceiling. Arizona's great weather can be experienced on your private backyard with tiled covered patio or simply head six houses down the street and enjoy the private community heated pool, spa and tennis/pickle ball courts. Fabulous location that is close to world-class shopping, restaurants and easy access to the 101.

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2258 E Soft Wind Drive Phoenix, AZ 85024

$565,000

3 Beds

2 Baths

1,518 SqFt

Status Active Under Contract

MLS # 6744749

Property Type Single Family Residence

Price Type --

Welcome to this charming North Phoenix home, offering 1,518 square feet of comfortable living space. This three-bedroom, 1.75-bath residence features vaulted ceilings and an open floor plan that creates a spacious and inviting atmosphere. The updated kitchen is a highlight, boasting elegant granite countertops and modern amenities, while luxury vinyl flooring flows throughout the home. Situated on a large corner lot, this property provides stunning mountain views and ample outdoor space. Perfectly located near hiking trails, mountain biking paths, and the vibrant communities of Cave Creek and Desert Ridge, this home offers the ideal blend of tranquility and convenience. Don't miss out on this opportunity to enjoy the best of North Phoenix living!

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