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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1137 N Gibson Street Gilbert, AZ 85234

$565,000

4 Beds

2.5 Baths

2,142 SqFt

Status Active

MLS # 6751088

Property Type Single Family Residence

Price Type --

Enjoy the beautifully remodeled kitchen, flooring, bathrooms, painting, new hot water heater and so much more. This home has the perfect floor plan for a family. The backyard is huge and has a sparkling beautiful pool. There is a an RV gate and an extra driveway on the side. No HOA. The home is on a corner lot and a very short walking distance to a gorgeous park with playground. The location is within a few minutes from fantastic shopping and restaurants. You will not be disappointed.

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9390 Mead Lane Snowflake, AZ 85937

$565,000

6 Beds

4 Baths

2,624 SqFt

Status Active

MLS # 6734119

Property Type Manufactured Home

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Wow! Check out this opportunity! 2 homes on 40 acres fully off grid and self-sustaining. The PRIMARY HOME offers 1568 square feet of living space with 3 bedrooms and 2 bathrooms. Floors recently upgraded to vinyl plank throughout. Split bedroom floor plan. Kitchen features hickory cabinets, granite counter tops, large kitchen island, farm sink and NEWER gas stove. Primary home is powered by 30 solar panels which is sustained by banks of lithium batteries. In addition to a 2 car masonry garage, the primary home also features a single car Graceland garage, a 14 X 40 carport and a 10 x 20 Graceland Lofted Barn Cabin for extra storage. The GUEST HOME offers 1056 square feet of living space with 3 bedrooms and 2 bathrooms. See additional description. The living space is bright and airy and features a split bedroom floor plan and breakfast bar. Guest home is powered by 25 solar panels and sustained by banks of 12 AGM Maintenance Free batteries. 1 private well services both homes. Power is also located nearby if you would prefer that option. This property would be perfect for multi-generational housing or could use guest home as rental income! Property is all off-grid but only 10 miles from town. Best of both worlds! Option to purchase home with 80 acres and additional private well on the upper 40 acres available. See MLS #6731913

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4127 E Meadow Drive Phoenix, AZ 85032

$565,000

3 Beds

2.5 Baths

1,848 SqFt

Status Active Under Contract

MLS # 6747277

Property Type Single Family Residence

Price Type --

Location, location, location...Easy highway access to Hwy 51 & 101. Close to Desert Ridge, Kierland & Scottsdale QTR. Fresh interior paint throughout, New carpeting, New kitchen countertops, Painted cabinets throughout, updated lighting. 2 Story home, 3 bed, 2.5 bath +large loft great for office or play room located walking distance to PV Highschool.

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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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22701 E Poco Calle -- Queen Creek, AZ 85142

New

$565,000

3 Beds

2 Baths

1,868 SqFt

Status Active

MLS # 6760866

Property Type Single Family Residence

Price Type --

Welcome to this stunning Toll Brothers home in the highly sought-after Meridian neighborhood of Queen Creek. Situated on a corner lot, this popular Catalan farmhouse model immediately impresses with its charming curb appeal, featuring a paver driveway and walkway that invite you inside. This 3-bedroom, 2-bathroom layout is filled with modern touches. The light and bright spacious open-concept living area is highlighted by dual sliders, including a breathtaking 12-foot sliding pocket door, seamlessly blending indoor and outdoor spaces, ideal for entertaining and a key aspect to Arizona lifestyle. Elegant white shutters add a timeless touch while allowing abundant natural light to fill the home, creating a warm and inviting atmosphere. At the heart of the home, the gourmet kitchen features stainless steel appliance a stylish backsplash, and an expansive quartz island, equipped with an additional beverage fridge, perfect for hosting gatherings or entertaining. The backyard offers a blank canvas for your dream oasis. Whether you're imagining a sparkling private pool, a serene Arizona desert landscape, or an entertainer's paradise with an outdoor kitchen and fire pit, the possibilities are endless. Located just a few blocks from Meridian's Great Park, community pool, splash pad, and QCUSD elementary school, this home provides both convenience and a sense of community. Meridian is known for its beautiful trails, parks, and proximity to local favorites like Schnepf Farms, The Olive Mill, and the newly opened Frontier Park. This home offers the perfect blend of comfort, style, and prime location in the heart of Queen Creek.

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10817 W Palm Lane Avondale, AZ 85392

New

$565,000

4 Beds

3 Baths

2,569 SqFt

Status Active

MLS # 6762995

Property Type Single Family Residence

Price Type --

This waterfront beauty on the Lake at Crystal Gardens has been meticulously maintained and tastefully remodeled! Enjoy your morning coffee from the large balcony off the spacious owner's suite, gorgeous lake and mountain views! This home is move-in ready with updated plank flooring throughout, updated kitchen with island, high end appliances and counters, updated bathrooms! High end fixtures and ceiling fans throughout. Great floor plan with soaring ceilings, formal living and dining room, family room, eat in kitchen, loft and a bedroom and full bath downstairs! Great location close to freeway, Cardinals Stadium, Westgate, Top Golf, shopping and restaurants and the new Mattel Adventure Park! Backyard has gate with direct access to lake, trails, and fishing Venture out onto the balcony and enjoy serene lake views. The backyard features a covered patio, pristine natural turf, and a refreshing pool for cooling down on hot summer days. What are you waiting for? Make this gem yours now!

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3687 E Meadow Mist Lane San Tan Valley, AZ 85140

New

$565,000

5 Beds

2.5 Baths

3,048 SqFt

Status Active

MLS # 6763111

Property Type Single Family Residence

Price Type --

Situated on an Interior N/S Lot within walking distance to a community park and elementary school. Featuring 5 Bedroom + Den with a 3 car garage w/drive thru 3rd bay, Split floor plan with vaulted ceilings, along with newer tile flooring. The spacious kitchen featuring a huge island/breakfast bar, granite slab counters, raised panel cabinets with hardware, pantry and stainless steel appliances. Spacious owner suite and remodeled owners bath with updated flooring, dual new vanities, mirrors, fixtures, walk-in shower w/tile surround and huge tub. Oversized secondary bedrooms. Full length covered patio w/fan pre-wire, synthetic grass yard, extended pavered sitting area and concrete pad behind drive through 3rd car garage! New AC units August 2024.

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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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