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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11155 E Honda Bow Road
Scottsdale, AZ 85262
$7,600,000
5
Beds
6.5
Baths
7,527
SqFt
Status
Active
MLS #
6779792
Property Type
Single Family Residence
Price Type
--
Experience unparalleled luxury with this extraordinary property—a masterpiece of worldly design and artistry. Nestled at the top of an elevated panoramic site in The Reserve at Apache Peak, this home is a true showpiece crafted by elite artisans, master craftsmen, and expert metal forgers. Sprawling over an expansive 7,500 square feet of living space every detail is a work of art, from the hand-carved wood, custom tile and stonework, and intricate mosaic art to forged metal accents, sparkling crystal chandeliers, and unique hand-painted murals. Stunning Venetian plaster walls, bespoke ceiling treatments with custom lighting, and whimsical touches create an elegant yet inviting Alcazar-inspired haven. Breathtaking vistas surround you from every corner of the property, while a thoughtful split floor plan offers privacy and comfort. The luxurious primary suite lies on one side, with two guest suites on the other, each designed with exceptional care. A separate guest house includes two additional ensuite bedrooms, a cozy den, a well-appointed kitchen, and a private patio, accessible by elevator from the garage or via a garden path. For leisure and entertainment, indulge in the billiards room with a wet bar or unwind by the tranquil fountain in the gated courtyard. A grand theater, complete with velvet curtains, surround sound, and oversized seating for eight, brings cinematic experiences to life. An elegant office nearby provides a quiet space for business needs. The formal living and dining areas invite relaxation with breathtaking views, a sunken wet bar, and a hand-carved Cantera stone fireplace. Step outside to the expansive patio, where you can enjoy alfresco dining, a heated pool, spa, and a soothing rock water feature. As evening falls, a softly illuminated desert path guides you to a secluded vantage point perfect for stargazing over the mountains and city lights as well as an in-ground fire feature with ample seating. Exclusive membership is available to the Desert Mountain Club and enhances the allure of this one-of-a-kind residence. Discover the ultimate blend of artistry, comfort, and mesmerizing scenery in a home that truly has it all.
7678 E Whisper Rock Trail
Scottsdale, AZ 85266
$7,595,000
4
Beds
4.5
Baths
6,094
SqFt
Status
Active
MLS #
6781913
Property Type
Single Family Residence
Price Type
--
Newly completed custom home sited on over 1.5 acres in Whisper Rock Estates * Exquisite execution by the dream team of Salcito Custom Homes and PHX Architecture * Mediterranean modern design with 4 bedrooms, 4.5 bathrooms, office, exercise room and a 4-car garage * This single-level home offers an open, great room floor plan with seamless indoor/outdoor living connected by a vanishing wall of glass * Enjoy panoramic views of Black Mountain from the heated outdoor living room * Finish details include wood plank flooring, marble and quartzite counter surfaces, custom cabinetry, custom wine wall, 5 fireplaces and custom lighting and plumbing fixtures * The outdoor living area includes a heated pool and spa, fire pit, covered living room with fireplace and built-in heaters, and an outdoor kitchen with a built-in barbecue and pizza oven * A gated, paver driveway and motor court completes the residence *
19920 W Verde Hills Drive
Wickenburg, AZ 85390
$7,500,000
3
Beds
3.5
Baths
5,339
SqFt
Status
Active
MLS #
6527404
Property Type
Single Family Residence
Price Type
--
Wickenburg's Premier Equestrian Estate on over 100 Acres of lush high Sonoran Desert with Views in all directions. A magnificent custom designed (by Bill Otwell) and built (by Joe Culhane) Main Residence w/Five Patio's and Extensive Landscaping including s custom built Rock Driveway. Custom designed & built detached Garage w/RV Bay. Guest Home, Horse Facilities.
15 Biltmore Estates Drive
Phoenix, AZ 85016
$7,500,000
7
Beds
10
Baths
13,366
SqFt
Status
Active
MLS #
6636402
Property Type
Single Family Residence
Price Type
--
This world-class 1-Owner residence at the Arizona Biltmore Estates was designed by Vernon Swaback, Architect/apprentice to Frank Lloyd Wright and is located on a 1.67 AC view lot on the Estates Course/formerly Adobe. The majestic and timeless home on its resort-like grounds features an extraordinary 2,100+ SF Great Room, recessed wet bar, Kitchen created for event catering, custom limestone columns and surfaces, copper details throughout, 2-powder rooms, Brazilian hand-scraped cherry floors, exceptional millwork, an outstanding Master Suite & spa room, wonderful study, workout room, tv/game. Meticulously built of metal stud walls, steel, topped with a distinctive copper roof and includes a live-in/nanny wing. Main house / 12,503 SF, Guest house / 863 SF or Total living area of 13,366 SF.
5915 E Arcadia Lane
Phoenix, AZ 85018
$7,500,000
6
Beds
7.5
Baths
8,005
SqFt
Status
Active
MLS #
6747724
Property Type
Single Family Residence
Price Type
--
Stunning 2-level Arcadia estate with Camelback Mountain views located on a quiet street in the Hopi district. Mature landscaping and gorgeous grounds encase this timelessly designed home, perfect for your family. Chef's kitchen includes custom cabinets, high-end stainless steel appliances, butler's pantry, wine room, and large butcher's block kitchen island with open family room, breakfast seating, and additional formal dining room and great room with fireplace. Owner's suite located on main level features seating area, fireplace, private entry to the backyard, dual vanities, freestanding bathtub, oversized shower, and 2 walk-in closets. Second level includes 2 en-suite bedrooms and private lounge. Home features separate guest house and detached media room with full pool bath. Backyard showcases pool and spa, covered patio, large built-in BBQ area with pizza oven and wood burning fireplace, and large grass areas - perfect for entertaining. Enjoy Arcadia and Scottsdale's top resorts, golf, dining, and restaurants just minutes from your new home.
341 E Monte Vista Road
Phoenix, AZ 85004
$7,500,000
6
Beds
10
Baths
8,225
SqFt
Status
Active
MLS #
6766942
Property Type
Single Family Residence
Price Type
--
This unique Estate is one of a kind— showcasing a 100% retrofit and new build with the efficiency, technology and security of a modern 2022 Estate along with the elegance and prestige of a classically charming historic registered 1920's home. With more than 7000 sq feet of finished decks it's a perfect venue for upscale gatherings, grand events and raising your family. Upon entering through a stunning oversized glass pivot door, you're greeted by a chic glass floor walkway above with state-of-the-art custom accent lighting that leads you through expansive living areas. The heart of the home is a chef's kitchen designed for the most discerning culinary enthusiasts, featuring custom Heston refrigerators, a 17-element stove, and a custom wine refrigerator. The adjacent living room equipped with floor to ceiling folding glass doors provides an indoor/outdoor experience that captivates the modern yet timeless elegance of this magnificent estate. The wine bar, cigar/china room and sleek elevator add a touch of new age convenience to the home's historic character. Hand selected imported Burmese wood floors lead you to the dining area adorned with crystal chandeliers, all equipped with lift systems for easy cleaning. Guests may enter through the historic entrance greeting them an impressive backlit opal floor and custom spiral glass staircase. For relaxation, retreat to the master suite, complete with a hot tub on the private patio, a mini kitchen, and a wine room. Each bedroom features its own ensuite bathroom and independent AC zone. The property is also equipped with smart home technology throughout, making it easy to set the perfect ambiance for any event. Outside, the Malibu-style backyard features a vast pool with a swim-up bar, custom waterfall and tanning bubbler platform, white sand lounge areas, and an outdoor kitchen equipped for any occasion. Pool also features a spa and a cold plunge. A spa building with a steam shower, sauna, and locker room complements the lifestyle, while a gym with sliding glass doors offers an indoor-outdoor fitness experience. The guest house provides privacy for visitors, with a fully equipped kitchen, custom tile flooring, and sliding glass doors. Every inch of this home has been redesigned with both luxury and functionality in mind, from the hidden TV in the living room to the automatic wine bar and custom-built closets. With its 800-panel APS installation, all-new commercial-grade utilities, and smart home systems, this estate blends historic appeal with cutting-edge functionality. Advanced soundproofing insulation ensures serenity throughout. Reimagined for modern living, this distinguished estate is a work of art honoring the history of Phoenix, while offering the perfect balance of elegance, technology and comfort.
5942 E Sage Drive
Paradise Valley, AZ 85253
$7,500,000
5
Beds
5.5
Baths
5,505
SqFt
Status
Active
MLS #
6764248
Property Type
Single Family Residence
Price Type
--
The perfect lock and leave. Nestled into the shaded rocks of Camelback Mountain, elevated just above Cameldale in the most valuable land pocket in Paradise Valley lies this one of a kind European Organic. Rich featuring French limestone, marble counters, pearl finish venetian plaster walls, Waterworks burnished nickel soaking tub and natural European oak floors. Timeless elegance combines with all of the most desirable modern elements. 20 speaker sonos sound system, heated pool, dual walk in shower, Wolf appliances, 2 refrigerators, 2 dishwashers, flush inset cabinetry and custom built in wine cabinet. Take in the vast city views through your retractable steel glass windows and enjoy cozy conversation inside or out in front of indulgent chunky stone fireplaces. Curated calm & tranquility.
42820 N Fleming Springs Road
Cave Creek, AZ 85331
$7,500,000
6
Beds
7
Baths
10,159
SqFt
Status
Active
MLS #
6771775
Property Type
Single Family Residence
Price Type
--
Magnificent private 54 acre retreat surrounded by thousands of dazzling saguaros. This iconic European Masterpiece sports top of the mountain breathtaking views provides peace & tranquility. Orchards, florals cascade off stone pillars with verdigris lanterns & exquisite stone detail mixed with timeless architecture nestled among beautiful grounds, resort style diving pool, water fall and slide. Once inside be charmed by the 100 year old barn wood floors, curvilinear walls encased in glass, an Italian inspired kitchen w/everything needed to entertain mightily... Multiple dining areas offer numerous options to all in residence. Generous master suite with private balcony, guest wing has 3 ensuites plus well-appointed main floor study. Take the elevator to lower lever which showcases multiple rooms plus game room, wine cellar, private theater and fitness studio. The paved nature trail is perfect for meditation and inspiration. Unique potential w/access to two 10 acre parcels. Fully fenced backyard with romantic stone walkways that meander throughout the property. This home is being sold with lot parcel 202-18-013-C and lot parcel 202-18-013-D included in the purchase price.
6040 E Lafayette Boulevard
Scottsdale, AZ 85251
$7,500,000
5
Beds
5.5
Baths
5,949
SqFt
Status
Active
MLS #
6778082
Property Type
Single Family Residence
Price Type
--
Custom Arcadia Proper new build sitting on a north facing corner lot with stunning Camelback mountain views. No expense was spared on this high end, fully furnished estate designed by Evon Fig Interiors. A Fig House Project Built to perfection with rich colors, earthy marbles, Roman clay walls, Waterstone plumbing, Kelly Wearstler wallpaper, and elusive finishes not even found in 20 million-dollar homes. Greeted with high ceilings, French oak flooring, and large windows and sliding doors to provide natural lighting in the formal dining, great room with gas fireplace, and kitchen. Wolf and Sub-Zero appliances included in the chef's kitchen with Calacatta marble, rift sewn oak cabinets, Shaw sinks and catering kitchen/pantry with beverage drawers, built-in coffee maker, microwave, and dishwasher. Primary suite includes custom marble fireplace mantle, dual closets, sinks, and enclosed toilets, concrete tub, and oversized walk-in shower. Entertain family and friends in the backyard's pool and spa with attached pool bungalow, built-in BBQ station, and private mountain views and artificial turf. Additional home features include Control4 Smart Home to control lighting, pool, and landscaping, dog run and doggy door, 3-car garage with EV charger, office/den, and 4 additional ensuite bedrooms with walk-in closets. Walk or bike on the canal or drive minutes to reach Phoenix's top resorts, golf, hiking, dining, and shopping.
4723 E Mariposa Street
Phoenix, AZ 85018
$7,500,000
5
Beds
6.5
Baths
6,700
SqFt
Status
Active
MLS #
6752496
Property Type
Single Family Residence
Price Type
--
MOVE IN READY...Discover Arcadia, where Vista General has crafted another gated masterpiece, designed by Matt Thomas Architecture, with interiors by NoMad Design and landscaping by Berghoff Design Group. This modern ranch home epitomizes luxury living, showcasing the stunning beauty of Camelback Mountain from its serene cul-de-sac location. Walls of glass, meticulous finishes, and lush grounds create an inviting atmosphere for you and your family. With 5 en-suite bedrooms, 6.5 baths, an office, game room, kids hangout, and bonus room, there's space for every lifestyle. Whether you're relaxingin the private heated pool/spa, BBQ and indoor/outdoor bar or entertaining guests, this brand new construction offers the ideal retreat in Arcadia. Do not miss out on this opportunity!
6524 E Stallion Road
Paradise Valley, AZ 85253
$7,499,000
4
Beds
6
Baths
5,466
SqFt
Status
Active
MLS #
6691277
Property Type
Single Family Residence
Price Type
--
Introducing Santa Fe Hacienda, an exquisitely restored and reimagined Nance masterpiece by Modern Nest situated on a generous 1-acre lot in the heart of Paradise Valley. This stunning residence showcases a captivating blend of Santa Fe-style design with luxurious modern and rustic accents throughout its expansive 5466 square feet and its 4 bedrooms and 6 bathrooms. Boasting an impressive main living area adorned with an oversized gas fireplace, two comfortable sitting areas, and a handcrafted wet bar with a limestone sink, and walk-in wine cellar, this home offers an unparalleled setting for both relaxation and entertainment. The elevated chef's kitchen is a true culinary haven, featuring reclaimed terracotta flooring, hand-hewn wood ceiling beams, impeccably designed cabinetry, high-end lighting fixtures, and top-of-the-line Wolf and Sub Zero appliances. The butler's pantry, just off the kitchen, offers additional storage paired with charming design and function. Adjacent to the kitchen, an elegant dining space awaits, complemented by picturesque windows that flood the room with natural light. The owners suite is a sanctuary unto itself, with a cozy fireplace, a private patio retreat, and an office with its own outdoor patio. The bath is a spa-like oasis, complete with a freestanding copper bathtub nestled near another fireplace, separate vanity areas, and a luxurious shower experience. The oversized closet is a masterpiece of design, featuring custom cabinetry, abundant storage, and ample natural light. A spacious media room, equipped with a convenient kitchenette, provides the perfect spot for casual gatherings and relaxation, while three additional bedrooms offer comfort and privacy, each with its own ensuite bath and outdoor patio access. The functional yet stunningly designed mudroom/laundry room boasts dual washers and dryers, abundant cabinetry, and a convenient drop zone, ensuring effortless organization and convenience. Outside, the sprawling backyard beckons with expansive patio spaces, an outdoor kitchen with a pizza oven and fireplace, and a newly rebuilt pool surrounded by lush landscaping and high-end lighting and sound systems. This home epitomizes elevated living, seamlessly blending authenticity with modern luxury. An absolute must-see to fully appreciate its exceptional offerings.
9203 E Brahma Road
Scottsdale, AZ 85262
$7,450,000
5
Beds
7
Baths
9,000
SqFt
Status
Active
MLS #
6777297
Property Type
Single Family Residence
Price Type
--
Experience the epitome of luxury and seclusion in this award-winning Spanish Santa Barbara estate, nestled on 12.86 acres of pristine desert land with stunning panoramic views of the Sonoran Desert and surrounding mountains. This breathtaking home, honored with the prestigious Vision Design Award for Best Outdoor Shading in 2022, seamlessly blends indoor and outdoor living with a 36-foot movable glass wall leading to a private backyard retreat. From the dramatic stone fireplace in the great room to the vaulted wood-beamed ceilings and elegant stone walls, every detail speaks of timeless sophistication. The chef's kitchen is equipped with top-of-the-line Viking appliances, including four wine and beverage refrigerators, while the wine cellar and custom cabinetry offer an exceptional setting for entertaining.With 9,000 square feet of living space, all on one level with no interior steps, this 5-bedroom, 7-bath estate is designed for ultimate comfort and privacy. The luxurious master suite features a Cantera stone fireplace and dual his-and-her baths with separate showers, water closets, and vanities. An attached guest suite provides ample space with its own kitchen, family room, and two fireplaces. Outdoors, the estate continues to impress with a 35 thousand gallon negative edge pool, spa, fire pit, and multiple patios that capture the beauty of the surrounding landscape. Additional amenities include a media room with a wet bar, a full-size pickleball court in the garage, with space for up to 8 vehicles and a circular motor court. Enhancing the home's efficiency, it features an Avena Solar system, significantly reducing energy costs and promoting sustainable living. Enjoy the private trail leading to the wash, this home seamlessly combines elegance, tranquility, and peace of mind.