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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116 N 3rd Street Tombstone, AZ 85638

$559,000

3 Beds

3 Baths

1,404 SqFt

Status Active

MLS # 6746565

Property Type Single Family Residence

Price Type --

INVESTORS WELCOME!! THIS HOME HAS 3 - 1 BEDROOM UNITS FULLY FURNISHED FOR SHORT OR LONG TERM RENTAL OR PERSONAL LIVING PURPOSES. VERY COMFORTABLE RANCH STYLE HOME IN ''THE TOWN TOO TOUGH TO DIE''! QUIET STREET, WALK 3 BLOCKS TO ALL THE FUN IN ALLEN STREET! COVERED RV PARKING IS AN ADDITIONAL BONUS OR INCOME PRODUCING BENEFIT! OFF STREET PARKING AVAILABLE FOR GUESTS. WATCH THE BIRDS & ANIMAL PARADE JUST A STONE'S THROW FROM THE GORGEOUS GAZEBO WITH ''FIRE PIT/GRILL'' IN THE BACK YARD. LOWER LIVING SPACE COMES WITH ACCESS TO A MINE AND POSSIBLE GHOST.

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43154 N Outer Banks Drive Anthem, AZ 85086

$559,000

4 Beds

2 Baths

2,153 SqFt

Status Active

MLS # 6753584

Property Type Single Family Residence

Price Type --

Discover this stunning Tuscan-style home, featuring 3 bedrooms plus a den and breathtaking mountain views. Designed with elegance and comfort in mind, this residence offers a formal living room and dining room, perfect for entertaining, while the spacious great-room provides a welcoming space for everyday family living. The home showcases luxurious travertine flooring throughout, complemented by granite countertops and a travertine and marble backsplash in the kitchen, creating a seamless blend of style and sophistication. You'll love the location of this home as it is close to dining, shopping and entertainment not to mention the community pools, parks and clubhouse that are waiting just for you.

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5521 W Butler Drive Chandler, AZ 85226

$559,000

3 Beds

3 Baths

1,410 SqFt

Status Active

MLS # 6767050

Property Type Single Family Residence

Price Type --

Totally upgraded from top to toe ,in and out the last 2 yrs! Quartz counters in kitchen and island bar, all new appliances, Vaulted ceiling, fireplace and wood shutter in great room with access to side yard for early morning coffee. New air conditioner ,new water heater, new shingles, new windows and doors. Pavers front & back 3 bedrooms,3 bath rooms. Downstairs bedroom accesses 3/4 bath...ideal guest room! Cozy loft upstairs. Balcony too. Generous oasis back yard with diving pool, pavers tiled patios and tile surrounding pool! Grassy turf in the right places front and back for low maintenance.. The sparkling diving pool is so refreshing. Extra lighting invites you out after dark to enjoy and entertain . Extra pavers, RV gate and storage shed. A home to enjoy ...

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3834 E Cavalry Court Gilbert, AZ 85297

$559,000

5 Beds

3 Baths

2,160 SqFt

Status Active

MLS # 6769305

Property Type Single Family Residence

Price Type --

UPDATED TO FIVE BEDROOMS AND THREE BATHROOMS, GREAT POWER RANCH COMMUNITY, HOME SITS ON A PRIVATE CUL DE SAC, FIRST FLOOR HAS A BEDROOM, FULL BATHROOM, FAMILY ROOM AND SPACIOUS KITCHEN WITH ALL APPLIANCES AND CENTER ISLAND, MASTER SUITE HAS A PRIVATE BATH WITH SEPARATE TUB/SHOWER, DUAL SINKS, AND A WALKIN CLOSET, BACKYARD HAS COVERED PATIO AND A LARGE GRASSY AREA, GARAGE AND LAUNDRY ROOM HAVE CABINETS, COMMUNITY POOLS, CLUBHOUSE, POND AMD MANY PARKS AND WALKING PATHS, TWO NEW A/Cs IN 2021 AND A NEWER WATER HEATER, NICELY LANDSCAPED FRONT YARD AND PRIVACY IN BACKYARD,

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12467 W Gambit Trail Peoria, AZ 85383

$559,000

2 Beds

2 Baths

1,635 SqFt

Status Active

MLS # 6774761

Property Type Single Family Residence

Price Type --

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9033 E Ivyglen Circle Mesa, AZ 85207

$559,000

2 Beds

2 Baths

1,379 SqFt

Status Active

MLS # 6776519

Property Type Townhouse

Price Type --

Nestled within the exclusive Mountain Bridge community, this immaculate Villa boasts mountain views and a rare private driveway. The beautifully landscaped outdoors features a covered patio and pergola plus roller shades creating an ideal setting to unwind any time of day and take in breathtaking desert sunsets in the evenings. Low-maintenance desert landscaping, fruit trees, and charming pavered side-yard path, this home seamlessly blends elegance with the beauty of nature. Custom iron screen doors, front and back bring cool breezes and fresh air into a refined interior, where soft, neutral tones, upgraded cabinetry, and a gourmet kitchen with a gas stove and double ovens await. Tile floors flow throughout, complemented by elegant wood shutters and crown molding in the Owner's Suite. The garage offers practical upgrades, including a utility sink, cabinetry, and added insulation in ceiling. Additional insulation added in attic throughout home. This home offers both luxury and comfort, creating a peaceful retreat in the heart of Mountain Bridgeperfect for year-round living or as a lock-and-leave escape. Easy access to hiking, biking, kayaking, tubing and more. Easy drive to Tempe Marketplace, Old Scottsdale, and Scottsdale proper for fun, food, fashion and more! This is your opportunity to enjoy the resort-style living in the gated community of Mountain Bridge.

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15147 W Double Tree Way Surprise, AZ 85374

$559,000

2 Beds

2 Baths

2,240 SqFt

Status Active

MLS # 6780561

Property Type Single Family Residence

Price Type --

Luxurious expanded Coronado with Magnificent Kitchen and Dining Room. 3 CAR GARAGE!! Lavish Upgraded Baths. Large Front Courtyard. Lots of Privacy at SE Back with Spacious Covered Patio and Decorative Knee Walls. Kitchen with Custom Cabinets, Granite, SS Appliances, Gas Range, Island, Pantry, Bar, Skylight. 20'' tile on the diagonal flow T/O most of the home. Wonderful Primary Suite with wood floors, sitting area with a bay window. Luxurious bathrooms feature custom vanities & updated showers. Bedrooms, kitchen, office have window shutters. Beautiful Expensive Custom Draperies and Cornice Boards in Living, Dining Areas. Create a New Chapter in Your Life in this Great Home on a Great Lot in a Great Location!

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2575 N Tamarisk Street Chandler, AZ 85224

$559,000

3 Beds

2 Baths

1,922 SqFt

Status Active

MLS # 6783649

Property Type Single Family Residence

Price Type --

Welcome to 2575 N Tamarisk—a charming 3-bedroom, 2-bathroom single level home designed for both comfort and convenience! This home has been lovingly owned by one family! This property features two spacious living rooms; one with a wood-burning fireplace, perfect for entertaining or relaxing with family. The kitchen features granite countertops, a convenient breakfast bar, and plenty of cabinet space for all your storage needs. The primary bedroom is a true retreat with direct access to the backyard, offering a seamless indoor-outdoor flow. Step outside to find a sparkling pool, covered patio, and a low-maintenance backyard, perfect for enjoying Arizona's sunny weather year-round. Don't miss this opportunity for a home that combines style, space, and outdoor living! Located with easy access to the 101 and US-60 freeways, Mesa Community College, shopping centers, and beautiful parks.

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1620 W Carol Avenue Mesa, AZ 85202

New

$559,000

4 Beds

3 Baths

2,051 SqFt

Status Active

MLS # 6785676

Property Type Single Family Residence

Price Type --

A must see home in the heart of Mesa. Step inside this beautifully remodeled home with all new flooring, brand new kitchen cabinets/countertop +appliances, and entertainment area (complete with a stunning fireplace). Bedrooms and bathrooms are fully redone with new vanities, and a gorgeous walk in shower+free standing tub in the primary bathroom. Two of the bedrooms boast en suite bathrooms! New turf in the front and back gives this home a beautiful finish!

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6560 N Loma Court Casa Grande, AZ 85194

New

$559,000

3 Beds

2 Baths

2,032 SqFt

Status Active

MLS # 6785782

Property Type Single Family Residence

Price Type --

Welcome to this beautiful brand new 3-bedroom, 2-bath home in Chaparral Estates! 2,032 sq. ft. on approximately half an acre, this property includes a spacious 3-car garage and is set in a quiet cul-de-sac with stunning mountain views. Kitchen: Quartz countertops, large entertainment island, white cabinetry with nickel hardware, and stainless steel appliances. Tile plank flooring runs thru high traffic areas & carpeted bedrooms. Primary Suite: Features a ceiling fan, double vanity, and a relaxing garden tub. Hall Bath: Includes double sinks for added convenience. Exterior painted with stylish gray tones with an all-tile roof for durability. A low HOA allows flexibility for storing boats, RVs & Toys, ready for immediate occupancy.

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22420 N 20th Place Phoenix, AZ 85024

$559,000

3 Beds

2.5 Baths

1,557 SqFt

Status Active Under Contract

MLS # 6778503

Property Type Single Family Residence

Price Type --

Welcome to this stunning, remodeled 3-bedroom + loft, 2.5-bathroom home in the highly sought-after area of North Phoenix, within walking distance to award-winning PV schools! This move-in-ready home showcases pride of ownership with recent upgrades and thoughtful design throughout. The chef's kitchen features white cabinets, granite countertops, stainless steel appliances, and an undermount sink, perfect for cooking and entertaining. Inside, enjoy a spacious floor plan with vaulted ceilings, new waterproof vinyl flooring, fresh interior paint, and upgraded baseboards. The loft has been enhanced with custom built-ins, providing a versatile space for an office, playroom, or relaxation area. Other recent updates include new ceiling fans, blinds, and an updated primary shower for a modern touch. Storage is plentiful with added space in the garage. The resort-style backyard is perfect for entertaining, featuring a sparkling pool, pavered areas, synthetic grass, and an irrigation system, offering low maintenance and year-round enjoyment. With easy access to freeways, shopping, and local amenities, this home combines comfort, convenience, and style in an unbeatable location. Don't miss out on this incredible North Phoenix gem!

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8016 E Medina Avenue Mesa, AZ 85209

$559,000

3 Beds

2 Baths

2,172 SqFt

Status Active

MLS # 6750548

Property Type Single Family Residence

Price Type --

You'll appreciate the central location of this 3-bedroom golf course home in the amenity-packed community of SVE, convenient to the restaurant, pool complexes, workout facilities, golf course and all Clubs/amenities. This well-taken care of home is ready to move in, so you don't delay the upcoming season of fun. There are many features unique to this home including a 9' x 8' bonus room in double garage to park your golf cart or motorcycle or utilize for extra storage or workshop as well as the electronic security shutters that enclose the covered back patio. With over 2,100 sq. ft., this floorplan provides two additional bedrooms creating ample space for visitors. Other features include a vaulted living room, family room with views to the golf course, and a formal dining room that could be converted to an office, craft or sewing room. Enjoy your morning coffee on the covered patio watching golfers attempt a birdie putt on Hole No. 7 with the Superstition Mountains in the background. Enter the home from the expanded south-facing front patio and your eyes will go right to the view of the golf course. You'll notice the abundant amount of light in the tiled kitchen coming from the sliding glass door in the dine-in area, with the kitchen providing beautiful cabinets with pull-out shelves. The large family room creates that extra space for entertaining as it includes a wet bar as well as access to the golf course patio. A primary bedroom allows the south sun to brighten the room and provides a private bathroom and walk in closet. The guest bathroom with tub/shower combo is centrally located between the second and third bedroom. The guest bedroom with north-window overlooking golf course is an expanded bedroom with his/her closets. If you didn't need a third bedroom, you could use the extra space for an office, sewing room or craft/hobby room. The garage features built in cabinets, a work bench, an exterior service door, and the bonus room. Sunland Village East is a community that provides an amenity for everyone's interests while still maintaining low annual HOA fees.

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