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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7137 E Rancho Vista Drive Unit 2012 Scottsdale, AZ 85251

$565,000

1 Bed

1.5 Baths

1,198 SqFt

Status Active Under Contract

MLS # 6653246

Property Type Apartment

Price Type --

Introducing a charming 1-bedroom, 1.5-bath condo nestled in the vibrant heart of Scottsdale, Arizona. This uniquely crafted residence offers a blend of contemporary elegance and comfortable living, with features that are sure to captivate you. Upon entering, you'll be greeted by an abundance of natural light that streams through the large windows, creating a warm and inviting atmosphere. The open floor plan seamlessly connects the living, dining, and kitchen areas, making it ideal for both relaxation and entertaining. One of the standout features of this condo is the breathtaking panoramic views that it offers. From your windows, enjoy stunning vistas of the surrounding landscape. Whether it's sunrise or sunset, you'll have a front-row seat to the beauty of the Arizona skies. This condo boasts a modern aesthetic, with plank-style flooring that adds a touch of sophistication to the space. The kitchen is equipped with sleek black appliances, providing both style and functionality for the home chef. Prepare your favorite meals with ease and enjoy them in the adjacent dining area. For nature enthusiasts, this condo complex is a paradise. Surrounded by lush vegetation, you'll feel like you're in your very own oasis. Step outside and explore the greenery, take a leisurely stroll, or simply relax in the serene ambiance of the community. When it's time to beat the Arizona heat, head to the sparkling blue community pool. Whether you want to swim laps, soak up the sun, or simply cool off, this amenity is a delightful addition to your lifestyle. In summary, this 1-bedroom, 1.5-bath condo in Scottsdale offers a uniquely crafted living space with gorgeous views, an abundance of natural light, an open floor plan, and the convenience of lush vegetation and a community pool. It's a place where modern elegance meets the tranquility of the desert, making it the perfect place to call home in this vibrant city.

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41511 N Mill Creek Way Anthem, AZ 85086

$565,000

3 Beds

2 Baths

2,039 SqFt

Status Active Under Contract

MLS # 6710125

Property Type Single Family Residence

Price Type --

Just completed remodel on popular Bonavista model in Anthem Country Club. 3 real bedrooms and 2 baths offering nice sized, private backyard with built-in BBQ. New flooring throughout accented with new oversized baseboard and tons of natural light. Stainless appliances in kitchen with island, breakfast bar, and new honed granite counters. Both bathrooms updated with freestanding vanities and new tile flooring. Anthem Country Club offers 2 clubhouses, 2 gyms, 2 restaurants, 2 golf courses and many more amenities behind the guard gated entry.

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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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19710 E Arrowhead Trail Queen Creek, AZ 85142

$565,000

4 Beds

2.5 Baths

2,859 SqFt

Status Active

MLS # 6720965

Property Type Single Family Residence

Price Type --

Check out this gem in the heart of Queen Creek! This amazing family home features 4bed 2.5bath plus a den and loft. The large master bedroom features a walk-in closet with built in shelving! The master bath is equipped with dual vanities, separate bath and shower, new flooring and new cabinets. The kitchen is the perfect setup for families that love to cook, featuring new counters, new cabinets, gas stove, and modern stainless steel appliances. This home has been meticulously maintained with modern carpet and paint throughout the house. Stepping in the yard experience a comfortable area to relax with a covered patio, a large tree providing shade for the entire yard, space to garden, and low maintenance landscaping. All this in the amazing Emperor Estates makes this property a must see.

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14238 N 13th Street Phoenix, AZ 85022

$565,000

2 Beds

2 Baths

2,318 SqFt

Status Active

MLS # 6749279

Property Type Single Family Residence

Price Type --

Highly sought after community. The home has direct access to the paved hiking/walking trails for the community. 2 bedroom but Den could easily converted into a 3rd bedroom. HVAC system replaced in 2020, Windows were replaced in the past 10 years to a high end dual pane. Water softener installed at this property. AUTOMATED Awnings on the South side of the home make more outdoor space enjoyable. Large Arizona Room makes this property one of the larger ones in the community. CUSTOM WALK IN CLOSET IN THE MASTER BEDROOM. Mountain views from the backyard. Spacious inside with nice sized bedrooms.

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19702 E Arrowhead Trail Queen Creek, AZ 85142

$565,000

5 Beds

2.5 Baths

3,040 SqFt

Status Active

MLS # 6730181

Property Type Single Family Residence

Price Type --

Check out this home in the heart of Queen Creek. It's just over 3,000 square feet with 5 bedrooms and 2.5 bathrooms. This home offers a large and spacious great room as you enter. The kitchen and living area is an additional space that is large and open giving you all the space you need. The backyard is low maintenance and the turf makes it feel like you have a yard minus the hassle. There is an extended patio in the backyard that can help shade you when temperatures begin to increase. There is one room located downstairs and the remaining four bedrooms and laundry room are located upstairs. The master bathroom has large his and her walk-in closets. The seller is open providing concessions to buy down the rate and allowing you to reduce your monthly payment

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11995 E Pivot Peak -- Gold Canyon, AZ 85118

$565,000

3 Beds

2.5 Baths

2,230 SqFt

Status Active

MLS # 6699719

Property Type Single Family Residence

Price Type --

3 car tandem garage w/ 8' door & lots of storage! 3 bed 2.5 bath energy efficient house in Master-planned community of Peralta in Gold Canyon. Immaculate w/ countless upgrades! Chef's kitchen features gas cooktop, maple cabinets w/ double roll-out shelves & soft-close drawers, granite counters, pendant lights & walk-in pantry. Every bedroom has walk-in closets w/ extra shelves. Upgrades include: 36'' vanities, fixtures, ceiling fans, tile throughout, extra storage area, dedicated laundry room, extended covered patio & more! Low maintenance yard w/ storage shed. Community parks, pickleball & basketball courts, covered picnic area w/ grill, corn hole, horseshoes, fire pits under twinkle lights, walking trails, children's play area. Peralta Trails Elementary School is in the community.

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2027 E Hazeltine Way Gilbert, AZ 85298

$565,000

4 Beds

3 Baths

1,959 SqFt

Status Active

MLS # 6731593

Property Type Single Family Residence

Price Type --

Highly desirable Adora Trails by Taylor Morrison Homes! Lovely 4 bed 3 bath, large kitchen and island for entertaining, 3 car tandem garage, beautiful mountain views from your covered patio, no neighbors behind, community amenities include pool/spa, workout facility, clubhouse, lake sub-division and much more!

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1936 Windsor Drive Sierra Vista, AZ 85635

$565,000

4 Beds

4 Baths

5,237 SqFt

Status Active Under Contract

MLS # 6690758

Property Type Single Family Residence

Price Type --

ASSUMABLE LOAN with a 3.875% interest rate. Step inside this 4 bedroom, 4 bathroom home you'll be greeted by an open floor plan. Filled with natural light, thanks to large windows that overlook the beautiful backyard. The kitchen features high-end appliances, ample counter space, and breakfast bar. This home offers luxurious amenities starting with the Venice pool as the centerpiece of the backyard inviting you to take a refreshing dip on hot summer days. Along with a built in BBQ. Looking for relaxation? you'll love the indoor spa area but that's not all! This home also boasts a sauna room, where you can rejuvenate after a long day. It's like having your own personal spa right at home. With its spacious bedrooms, wet bar, this home truly offers the perfect blend of style and comfort.

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21667 S 225th Way Queen Creek, AZ 85142

$565,000

3 Beds

2 Baths

1,832 SqFt

Status Active

MLS # 6748269

Property Type Single Family Residence

Price Type --

Welcome to your energy-efficient dream home! This stunning 3-bedroom home with an office, separate tech center, and teen room features seller-owned solar installed in October 2021 for over $40k. Say goodbye to high summer electric bills without the hassle of a lease. Step inside to discover the modern elegance of wood plank tile flooring in the main living areas and baths, creating a warm and inviting ambiance throughout. The spacious great room and gourmet kitchen are seamlessly integrated, providing the perfect space for gatherings with friends and family. The kitchen boasts stainless steel appliances, granite countertops, and ample storage space. The master suite is a private oasis, complete with a luxurious ensuite bathroom featuring dual sinks, a soaking tub, , and a separate shower. Two additional bedrooms offer comfort and versatility, while the office and tech center provide ideal spaces for remote work or study. Outside, the beautifully landscaped backyard is a tranquil retreat, featuring synthetic grass for easy maintenance and a covered patio for outdoor dining and relaxation. A one-year inspection was recently performed, with any necessary repairs completed by the builder, ensuring peace of mind for the new owners. Why wait to build when you can move right into this almost new home? Don't miss out on this opportunity to own a home that is not only beautiful but also environmentally friendly and cost-effective. Come check this out today and make this energy-efficient oasis your own!

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12134 W Patrick Lane Sun City, AZ 85373

$565,000

3 Beds

2.5 Baths

2,088 SqFt

Status Active Under Contract

MLS # 6716053

Property Type Single Family Residence

Price Type --

NOT an AGE RESTRICTED COMMUNITY 40 foot RV Garage and a separate 2 Car Garage with room for up to 5 cars or a tall RV. Garage sink and RV Hookup. Afterward, relax in your pebble tec Salt water pool as you listen to the cascading waterfall. The POOL is HEATED and the patio is surrounded by TRAVERTINE stone tile. Pavers extend around the side of the house to the gate. This IMMACULATE home has upgraded cabinets, stainless appliances, granite countertops, and a walk-in pantry. Open great for entertaining...Window treatments roman shades, shutters and wood blinds. Separate half bath off of garage.. TURN-Key PERFECT! Parks, Pickle ball, walking paths, convenient to 303, shopping, dining...

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9167 W Circle Drive Strawberry, AZ 85544

$565,000

3 Beds

2 Baths

1,820 SqFt

Status Active

MLS # 6681243

Property Type Single Family Residence

Price Type --

This is the one you've been waiting for HALF ACRE lot that BACKS TO THE NATIONAL FOREST. Discover unparalleled tranquility and craftsmanship in this stunning home. The heart of the home unfolds in the form of a spacious living room with striking stone fireplace and large windows that let in the backdrop of the forest. Large dining room promises memorable dinners with family and friends.Primary suite is on main level. Other 2 bedrooms offer amble sleeping space. The home was lovingly redone just 6 years ago with aesthetics and safety in mind. The durable metal roof and stucco finish were specifically chosen for their fire safety qualities. The lot has been thoroughly fire-wised, adding peace of mind for the owner. Significant upgrades include completely new plumbing and electrical throughout, new water line from meter to house, gutters drain away from house with an additional french drain under the house, spray foam insulation under entire home. The structural integrity has been fortified with the addition of 22 pilings beneath the house, a testament to the no-expense-spared approach taken to ensure the home's longevity and stability. This is more than a home; it's a retreat for those who seek to blend the comforts of modern living with the unparalleled peace and beauty of nature.

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