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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2315 E Monona Drive Phoenix, AZ 85024

$575,000

3 Beds

2 Baths

1,656 SqFt

Status Active

MLS # 6734118

Property Type Single Family Residence

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JUST RENOVATED! AC & ROOF 2023. Welcome to this beautiful 3-bed, 2-bath home that has been recently remodeled! Vaulted ceilings and the open concept kitchen and family room make this a great space for gathering and entertaining. The kitchen has new stainless steel appliances, quartz counters, a pantry, white shaker cabinetry, and an island with breakfast bar. The large primary bedroom has a gorgeous en-suite bathroom with dual sinks, separate tub and shower, & a walk-in closet. Enjoy the privacy of the backyard & relax outside under the covered patio. This home also has brand new exterior paint, so from curb appeal to stylish interior finishes...this place is ready for you!

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18118 W Golden Lane Waddell, AZ 85355

$575,000

5 Beds

2.5 Baths

3,548 SqFt

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MLS # 6735575

Property Type Single Family Residence

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**THE SELLER IS OFFERING $5,000 TOWARDS THE BUYER'S CLOSING COST AND/OR RATE BUY DOWN, WITH A FULL-PRICE OFFER!**Nestled near the highly desirable White Tank Mountains, this wonderful home offers a perfect blend of country charm and city convenience. With over 3,500 square feet, it provides ample space for a large family. The home features a formal living room, dining room, family room, and a spacious loft. The generous-sized bedrooms include a downstairs master suite with a large walk-in closet. The expansive kitchen is a chef's delight, boasting an island and granite countertops. The backyard is primed for outdoor enjoyment, with enough space for a pool and a deck equipped with an electric movie screen, ideal for family movie nights. Additional highlights include a workshop, RV gate, and a 3 car garage.

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13357 W Mayberry Trail Peoria, AZ 85383

$575,000

2 Beds

2 Baths

1,827 SqFt

Status Active

MLS # 6743221

Property Type Single Family Residence

Price Type --

Very livable, Charming 2 bedroom, 2 bath plus Den home in the highly desirable Adult community of Trilogy in North Peoria! This special home has great curb appeal. Step inside to a nice open den space and split front bedroom. Initing living/dining and kitchen area where you will find a large seating island, granite counter tops, Clean white cabinets and stainless appliances. Primary bedroom with ensuite bath featuring dual vanities, beautiful step in shower and walk in closet. Wonderful outdoor living with large covered patio overlooking a beautifully landscaped yard with extensive use of pavers and artificial turf. Trilogy offers the very best of retirement living in Arizona - community pools, fitness centers, golf, tennis, pickleball and loads of classes and clubs!

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6402 N 45th Avenue Glendale, AZ 85301

$575,000

5 Beds

4 Baths

2,681 SqFt

Status Active

MLS # 6744593

Property Type Single Family Residence

Price Type --

Welcome to this stunningly remodeled 5-bedroom, 4-bathroom home, where no detail has been overlooked. Every aspect has been updated, featuring new tile flooring, Italian cabinetry, sleek black stainless steel appliances, modern windows, fresh lighting, new paint throughout, and so much more. The spacious open floor plan includes multiple living areas and a versatile den or dining room. Outside, enjoy a generous covered patio perfect for entertaining, alongside a garden area surrounded by mature citrus trees. Conveniently located within walking distance to schools and shopping, this home offers both luxury and practicality with space for everyone to enjoy!

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2647 N Miller Road Unit 16 Scottsdale, AZ 85257

$575,000

3 Beds

2 Baths

1,542 SqFt

Status Active

MLS # 6746341

Property Type Single Family Residence

Price Type --

Rare Old Town Scottsdale Single Family Detached with Two Car Garage on the Coronado Golf Course. New paint in and out with BRAND NEW HVAC system. New Water Heater, and Appliances. Three 3yr old Roof and Updated fire sprinkler heads. This amazing home on a premium lot with a community pool and no common walls. A wonderful year-round home, winter getaway or income property. Large living/dining area with fireplace, tall ceilings, and golf course views. Owner's suite has golf course views, private bath, walk-in closet and patio exit. Third bedroom can be an office with french doors. Direct entry to kitchen with pantry from a 2 car garage with built-ins. Full size washer and dryer with lots of storage space. Enjoy premier Scottsdale art galleries, upscale shopping, restaurants, local music

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3308 E Jasper Drive Gilbert, AZ 85296

$575,000

3 Beds

3.5 Baths

2,537 SqFt

Status Active

MLS # 6747866

Property Type Single Family Residence

Price Type --

Charming Family Home in Prime Location! This inviting 3-bedroom, 3.5-bath home offers the perfect setting for family living. Featuring a versatile loft space ideal for a playroom, family movie nights, or a cozy home office. The spacious, fully turfed backyard is ready for endless outdoor fun, whether it's for games with the kids or relaxing under the stars. Located just a short walk from local restaurants and stores, this home combines the warmth of family living with the convenience of nearby amenities. A wonderful place to make lasting memories!

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28721 N 128th Drive Peoria, AZ 85383

$575,000

2 Beds

2 Baths

1,813 SqFt

Status Active

MLS # 6749410

Property Type Single Family Residence

Price Type --

This charming, meticulously cared for home has 2bd/2ba + den and is located on a quiet cul-de-sac in the highly desirable, gated community of Trilogy at Vistancia. This lovely home has many upgrades including central vac, a large eat-in kitchen with loads of storage, s/s gas appliances, and it opens to the great room with a custom wall unit and built-in surround sound. Just off the great room is access to a tranquil, private courtyard complete with a gas fireplace. The backyard has lush landscaping, fire pit, fountain, mister system, artificial turf and generous use of pavers. The upgrades continue in the extended garage which has plenty of storage cabinets, shelving, mop sink, and epoxy floor. You can even listen to music/tv from the great room with the built-in speakers in the garage. You will absolutely love the world class amenities in the active adult community of Trilogy at Vistancia.

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6309 N 14th Street Phoenix, AZ 85014

$575,000

3 Beds

3 Baths

2,226 SqFt

Status Active

MLS # 6748320

Property Type Single Family Residence

Price Type --

Discover this exceptional home nestled in an exclusive gated community of just 22 patio homes. Perfectly located for easy access to entertainment, shopping, downtown, and the airport, this residence offers the ultimate in convenience and luxury. Inside, you'll find two master suites, with a third bedroom that can easily serve as a guest room or home office. The spacious living room features a cathedral ceiling and a stunning fireplace, while the charming patio off the dining room offers an elegant oasis to unwind. Additional highlights include brand-new HVAC and flooring, and fresh interior paint!

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3885 E Juanita Avenue Gilbert, AZ 85234

$575,000

4 Beds

2 Baths

2,074 SqFt

Status Active

MLS # 6750086

Property Type Single Family Residence

Price Type --

Beautifully Remodeled Single-Level Home in Desirable Gilbert Location! This stunning single-level home features 4 bedrooms, 2 bathrooms, and a 2-car garage in the quiet community of Carol Rae Ranch. Recently remodeled, the home showcases new wood tile floors, baseboards, carpet, fresh interior paint, updated hardware, and more. The kitchen boasts modern updates, including new quartz countertops, freshly painted cabinets, and stainless steel appliances, making it both stylish and functional. Conveniently located with quick access to State Routes 202 and 60, this home is near excellent schools, hiking and biking paths, shopping, dining, and all the amenities that make Gilbert such a sought-after location.

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1639 E Redfield Road Gilbert, AZ 85234

$575,000

4 Beds

2 Baths

1,820 SqFt

Status Active

MLS # 6750971

Property Type Single Family Residence

Price Type --

ALL ELECTRIC* ZERO UTILITY BILLS *MONTHLY REBATE FROM SRP* TOP OF THE LINE TESLA SOLAR SYSTEM WILL BE PAID OFF AT THE CLOSE OF ESCROW.* *HIGH EFFICIENCY HVAC SYSTEM 2023* *WOOD FLOORING AND CARPET 2024* *HALL BATH ENLARGE AND REMODEL 2024* *TESLA SOLAR SYSTEM 2022* PERFECT FAMILY HOME IN SONOMA RANCH. GREAT SCHOOLS CLOSE BY, NEIGHBORHOOD PARKS, BEAUTIFUL YARD WITH SWIMMING POOL. NORTH SOUTH FACING HOME. HOME IS MOVE IN READY.

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7723 W Encinas Lane Phoenix, AZ 85043

$575,000

5 Beds

3 Baths

3,818 SqFt

Status Active

MLS # 6751731

Property Type Single Family Residence

Price Type --

Discover your dream home in Phoenix! This stunning property boasts a spacious 3,818 sq. ft. floor plan with 5 bedrooms and 3 bathrooms, perfect for growing families or those who love to entertain. Enjoy Arizona summers with your very own private pool, ideal for relaxing and hosting gatherings. The home features a brand-new AC system and updated flooring, ensuring comfort and style throughout. Located next to a beautiful greenbelt to the west, this home offers a peaceful outdoor environment while being close to local amenities. Don't miss out on this amazing home.

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17392 W Grant Street Goodyear, AZ 85338

$575,000

4 Beds

3.5 Baths

3,148 SqFt

Status Active

MLS # 6753144

Property Type Single Family Residence

Price Type --

Welcome to your new home in Canyon Trails! It's a 4-bedroom, 3.5 bath, 3148 sf single-level home on an oversized corner lot with a 3-car tandem garage and RV gate! Enter through the charming courtyard that leads into a home rich with character. Enjoy a spacious open floor-plan with natural light pouring through the windows, neutral custom paint throughout, and a blend of tile and wood-look floors. The large kitchen shines with stainless steel appliances, wall ovens, tons of cabinetry for extra storage, granite countertops, and a large center island with a breakfast bar. Get a good night's sleep in the main suite, featuring backyard access, a sitting area, and a private bathroom with dual vanities, a soaking tub, walk in shower, and walk-in closet. 3 additional bedrooms, including another en-suite, plus a versatile den offers office potential towards the front of the home. Out back you'll find a low maintenance yard with a screened-in patio and Ramada ready for cooler temps! Easy access to major freeways, shopping, dining and Spring Training Games at Goodyear Ballpark. Don't miss out!

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