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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16367 W Desert Mirage Drive
Surprise, AZ 85388
$549,990
4
Beds
3
Baths
2,561
SqFt
Status
Active
MLS #
6710581
Property Type
Single Family Residence
Price Type
--
MOVE-IN BEFORE THE HOLIDAYS! Multi slide door off the great room. Pavers at drive, walk and entry, Large walk in shower at owner's bath. Stainless steel gas appliance package with a 30'' cooktop and wall oven. Sonoma maple ''Slate-grayish'' cabinets with 42'' uppers in kitchen with pullout trash drawer. Himalaya white granite countertops in kitchen, most bathrooms. Stainless steel undermount single bowl sink in kitchen with a 4x16 backsplash. Upgrade flooring includes EMS Baccarat 12x24 Astra tile in all areas of the home except bedrooms and closets. Additional recessed can lights and ceiling fan prewires. 8' tall garage door with openers and so much more. BELOW MARKET INTEREST RATE SPECIALS AVAILABLE! INCLUDED MOVE-IN READY PACKAGES AVAILABLE! Please verify all information with onsite agent . Thank you!
6543 E Norwood Street
Mesa, AZ 85215
$549,990
3
Beds
2
Baths
1,762
SqFt
Status
Active
MLS #
6781757
Property Type
Single Family Residence
Price Type
--
THIS HOME IS COMPLETELY TURN KEY, LOCATED IN EAST MESA & NO HOA! 3 Bedroom 2 Bath, single story with updates galore on the 9th hole of Camelot Golf Course! Enter & find wood laminate throughout the main spaces plus a picturesque view from the living & dining rooms. Kitchen features quartz countertops, beautiful marble backsplash, stainless appliances, updated cabinets, breakfast bar & nook. Cozy up by the fireplace in the family room right off the kitchen. Both bathrooms have been fully updated with new flooring, vanities & tile surrounds. Head out back to find a private entertaining space with covered patio, grass area & golf course! Minutes away from the 202 that will take you west to shopping, ASU & airport. Scenic Red Mountain with hiking/biking trails just minutes away!
14167 W Alameda Road
Surprise, AZ 85387
$549,990
3
Beds
2.5
Baths
2,226
SqFt
Status
Active
MLS #
6746380
Property Type
Single Family Residence
Price Type
--
MLS#6746380. December Completion. The 50RM1 floorplan at Raveena at Rancho Mercado offers a beautifully designed single-story layout with 3 bedrooms, a versatile flex room, 2.5 bathrooms, and a 3-car garage, all within 2,226 square feet. Step into the foyer and experience the open-concept design that seamlessly connects the spacious gathering room, dining area, and gourmet kitchen, complete with double ovens, a 30-inch gas cooktop, and 42-inch cabinets. The outdoor living area is perfect for al fresco dining and family gatherings. The private owner's suite features dual vanities and an expansive walk-in closet. The flexible room provides an ideal space Structural options include: extended covered patio, paver front porch and driveway, alternate AC location with gate, soft water loop, and 30 gas cooktop w single oven.
17313 W Wandering Creek Road
Goodyear, AZ 85338
$549,990
5
Beds
4
Baths
2,801
SqFt
Status
Active
MLS #
6734346
Property Type
Single Family Residence
Price Type
--
This beautiful home is nestled in the heart of the Estrella Mountains with a spacious primary bedroom with full bath downstairs, beautifully enhanced gourmet kitchen, Bianco antico granite, dark expresso cabinets, natural wood look tile, kitchen backsplash, 8 ft doors. Host your next dinner party in the open dining and great room then transition to the covered back patio for dessert and a nightcap. This home can close in 30 days! Located within the Estrella masterplan with 2 state-of-the-art Residents Clubs including fitness centers and pools, Starsplash Water Park, and a community lake with activities including boat rentals.
21157 N 259th Avenue
Buckeye, AZ 85396
$549,950
3
Beds
2
Baths
2,061
SqFt
Status
Active
MLS #
6748517
Property Type
Single Family Residence
Price Type
--
Here is an Extraordinary home that has been meticulously cared for by the original owner. The backyard is perfect with a beautiful pool and water feature, firepit, covered area and a partially enclosed patio with a fireplace. This 3 bedroom, 2 bath home has a den/office/sitting room between the two secondary bedrooms. Also has a soft water system, reverse osmosis and a tankless hot water heater. There were a huge amount of upgrades put into the home when it was built and many more after purchase. You can be in this home before Thanksgiving and have the enjoyment of entertaining and have a view of the mountains!
16089 W Electra Lane
Surprise, AZ 85387
$549,950
3
Beds
3
Baths
2,354
SqFt
Status
Active
MLS #
6757844
Property Type
Single Family Residence
Price Type
--
SELLER IS OFFERING CONCESSIONS W/ A SUCCESSFUL COE BEFORE 12/31/2024 ON this Luxuriously Upgraded Fulton home, built 2021. Spectacular spacious Open Floor Plan w/ 3 Bdrms + Den/Movie Rm(or convert to a 4th bed), & 3 Bths located on N/S facing Home Site. 4 Car garage w/ built in storage! Upgraded Kitchen Cabinets, Quartz Counters w/ Tile Back Splash & pendant lighting. Double oven, gas cook-top, stainless hood vent, walk-in Pantry, LVP Wood flooring. 96'' doors, Upgraded Accent walls, Coffered ceiling in Primary Bed, Big Spa Shower double heads in Primary Bthrm. Large Laundry w/ cabs + Lndry Sink. Beautiful fixtures throughout. Atrium like Slider leads to Xtnd Covered Patio w/custom 16K upgraded auto screens! 55K backyard includes pad 4 Ramada & one 4 spa. Water softener, Hot H2O on deman Escalante master planned community is nestled in the thriving Surprise area, conveniently located near new shopping centers, the Loop 303 freeway, and US 60. Embrace the Escalante lifestyle, complete with exceptional community amenities like an enormous neighborhood aquatic center, pickleball courts, bocce ball, frisbee golf, winding walking trails, thrilling zip lines for children, and vast open spaces.
2429 E Alameda Drive
Tempe, AZ 85282
$549,950
3
Beds
2
Baths
1,560
SqFt
Status
Active
MLS #
6769559
Property Type
Single Family Residence
Price Type
--
Amazing remodel, this home is like new! Let's start with the new paint and landscaping that greets you. All new doors, windows, garage door, and air conditioning. You'll love the wood look tile floor, modern interior colors and oversized baseboard. Bathrooms are completely new and gorgeous. Then feast your eyes on the chef's kitchen that includes a pantry closet, new stainless appliances, sparkle quartz countertop along with modern pendant lighting. It has a split floorplan along with a large indoor laundry area and extended 2 car garage. Alley access is available with a large RV gate. The house comes with 6 security cameras already installed. It's situated in a quiet cul-de-sac with friendly neighbors. Owner/agent
3021 N Randolph Road
Phoenix, AZ 85014
$549,950
3
Beds
2
Baths
1,620
SqFt
Status
Active Under Contract
MLS #
6679115
Property Type
Single Family Residence
Price Type
--
Motivated seller. Low maintenance yard front and back. All new electrical wiring, relocated electrical panel and 2 AC units. Tankless gas water heater. Modernized with addition of a permitted split master bedroom with bathroom and large closet. LED lighting throughout. Beat the heat with your own private pool. Many hospitals in the area could be a good STR or medium term rental to serve people needing that service. Great access to Highways and to downtown Phoenix. NO HOA
19806 W San Miguel Avenue
Litchfield Park, AZ 85340
$549,913
4
Beds
2
Baths
1,862
SqFt
Status
Active
MLS #
6730962
Property Type
Single Family Residence
Price Type
--
Wow! Better than new and available today with Amazing mountain views! This home is placed on a 70' wide lot and offers an RV gate for your toys. Resort backyard with heated spa under beautiful pergola, pavers and more. As you enter this highly upgraded single level with upgraded elevation of stone and gated front seating area, you will notice over sized 24X12 tile floors, large open kitchen with island open to the great room, walk in pantry, built in microwave and more. Large master bedroom has two walk in closets, separate shower and tub and double sinks. Don't forget to notice the flex teen space or office area. North South exposure and washer, dryer, refrigerator and spa convey with sale. To show is to sell!
175 N Holly Road
Globe, AZ 85501
$549,900
4
Beds
2.5
Baths
2,177
SqFt
Status
Active
MLS #
6737307
Property Type
Single Family Residence
Price Type
--
This is a new home!! This spacious home is newly constructed home by one of Globe's premier builder. This home is a definite must see!! There are 4 large bedrooms and 2.5 bathrooms. The master bedroom is on the main level and has separate soaking tub and walk-in shower, a great walk-in closet and custom cabinetry. Also on the main level, you'll love the open concept with a great kitchen with plenty of counter space, soft close cabinets, and quartz countertops. The kitchen opens up into the dining room and living area that is perfect for entertaining. There is also a 1/2 bath downstairs. Upstairs you'll find 3 more bedrooms, all good sized, and another full bathroom.
20761 W Hillcrest Boulevard
Buckeye, AZ 85396
$549,900
2
Beds
2
Baths
1,775
SqFt
Status
Active
MLS #
6752894
Property Type
Single Family Residence
Price Type
--
This FANTASTIC home, backing to a naturally landscaped common area and walking path, in Victory at Verrado is full of UPGRADES! BEAUTIFUL wood look tile flooring + 2023 carpet in bedrooms! CUSTOM up/down window shades + solid wood doors throughout! GOURMET kitchen w/stainless appliances, gas cooktop, wall ovens, granite counters, subway tile backsplash, island w/breakfast bar + pantry! Great room w/surround sound! Primary bedroom w/ensuite bath + large tiled walk-in shower w/bench! Separate office/den w/French doors! Step outside to your backyard OASIS w/extended covered patio w/privacy shade + trellis patio w/travertine pavers and GORGEOUS views! This is an EXTRAORDINARY LUXURY community w/breathtaking mountain views w/miles of hiking/biking trails! Amenities: pools, golf, spa, Main Street shopping/restaurants, clubs/activities + MORE! WELCOME HOME!
41758 W Cribbage Road
Maricopa, AZ 85138
$549,900
3
Beds
2.5
Baths
2,485
SqFt
Status
Active
MLS #
6756759
Property Type
Single Family Residence
Price Type
--
Gorgeous, fully furnished home on the greenbelt in the Award Winning Active Adult Community of Province! This modern, great room floor plan with three full bedrooms plus den and two and a half baths is move in ready! Multi-sliding glass door out to your extended travertine patio with wonderful space for entertaining with a completely fenced yard and hot tub! 10' ceilings throughout with walk in closets in every bedroom. The kitchen is spectacular with white cabinetry, granite countertops, stainless steel appliances with double ovens, gas cooktop and tons of cabinets for storage. The owner's suite has a bay window and a magnificent bathroom with a huge walk in shower and his and her vanities. The laundry room also has lots of built in cabinetry for more storage. Welcome Home!