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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16159 W Granada Road Goodyear, AZ 85395

$675,000

3 Beds

2.5 Baths

2,564 SqFt

Status Active

MLS # 6723929

Property Type Single Family Residence

Price Type --

Gorgeous 3 beds, 2.5 bath with a den/office single level home with all the bells and whistles! Open concept kitchen flows out to the great room for easy entertaining. Elegant granite countertops, large kitchen island, maple cabinets, upgraded drawer/cabinet pulls, stainless steel appliances, and recessed lighting. Upgraded tray ceilings in formal dining room & master bedroom, TWO fireplaces, and private courtyard entrance. Master bathroom offers a separate shower & soaking tub, and dual sinks, and walk in closet. Easy to maintain backyard complete w/ pavered area & walkway. Walking distance to community greenbelts & play area. This home is truly move in ready!

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1938 E Colt Road Tempe, AZ 85284

$675,000

4 Beds

2.5 Baths

2,118 SqFt

Status Active

MLS # 6756601

Property Type Single Family Residence

Price Type --

Nestled in a highly sought-after South Tempe community, this charming 4 bedroom, 2.5 bathroom single-story home is a rare find! Situated on a spacious over 1/2-acre corner lot with RV gate, this property offers privacy and plenty of room to entertain. Step outside to enjoy your sparkling diving pool, full covered patio, and the large barn-style Tuff shed that is lofted (2 story) in the backyard which offers additional storage or potential workshop space. Inside, you'll find brand new windows throughout, filling the home with natural light. The living area boasts a cozy fireplace, creating the perfect atmosphere for relaxing on cool evenings. Each bedroom is generously sized, making it perfect for anyone needing extra space for a home office or guests. The 2 bathrooms have updated showers With its unbeatable location in the heart of South Tempe, close to top-rated Kyrene and Tempe schools, parks, dining, and shopping, this home combines suburban tranquility with urban convenience. Don't miss out on this rare opportunity.

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5139 N 185th Avenue Litchfield Park, AZ 85340

$675,000

4 Beds

3.5 Baths

3,430 SqFt

Status Active

MLS # 6704010

Property Type Single Family Residence

Price Type --

Discover the perfect blend of comfort and convenience nestled in the desirable Azure Canyon community of Litchfield Park, AZ. This stunning home features an open floor plan that includes a gourmet kitchen with quartz countertops, stainless steel appliances, and a large island, perfect for entertaining. With 4 bedrooms, 3.5 baths, and a separate den, there's ample space for relaxation and privacy. Outdoors, enjoy a low-maintenance synthetic grass yard, and a covered patio. Located near top-rated schools and beautiful local parks, this home is a must-see!

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1965 Diamondback Drive Wickenburg, AZ 85390

$675,000

3 Beds

2 Baths

1,848 SqFt

Status Active

MLS # 6703980

Property Type Single Family Residence

Price Type --

Step into your dream equestrian retreat in the heart of Wickenburg, Arizona! Picture yourself on over 2 acres of sprawling land, with plenty of space for your beloved horses to roam and you'll find four spacious horse stalls ready to welcome your four-legged companions.! Also, there is a large shop in the backyard for an RV or horse trailer, measuring 60x40! Inside, the bedrooms feature brand-new Pergo flooring, offering both style and durability, while the rest of the home is adorned with sleek tile flooring, making cleaning a breeze. What truly sets this property apart is the peace and seclusion it offers. Surrounded by stunning natural beauty, you'll feel like you've found your own private sanctuary, complete with incredible views and sunsets that will take your breath away. If you've been dreaming of a tranquil escape with room for your horses to roam look no further!

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3059 E Rose Lane Phoenix, AZ 85016

$675,000

2 Beds

2 Baths

1,185 SqFt

Status Active

MLS # 6741677

Property Type Townhouse

Price Type --

Welcome to this charming golf course bungalow! Turnkey and ready for you to move-in! This 2 bed, 2 bath townhouse is located in the Biltmore Courts and overlooks the 11th tee box on the Arizona Biltmore Links Golf Course! The home has been recently renovated. New paint, new kitchen appliances, new cabinets, new quartz countertops, new bathroom tile, new carpet and new light fixtures! The property was also meticulously maintained by previous owners who only utilized it seasonally. Through every window in the home you have mountain views of Camelback, Phoenix Mountain Preserve and Piestewa Peak! Enjoy your evenings on the peaceful patio watching golfer tee off, an infamous arizona sunsets over the course as well as the downtown lights once the sun goes down. It's truly an oasis! You'll also get to enjoy the tennis/pickleball courts, heated pool, exercise room and Clubhouse, just steps away from your front balcony.

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11118 W Cumberland Drive Sun City, AZ 85351

$675,000

3 Beds

2.5 Baths

2,136 SqFt

Status Active

MLS # 6749404

Property Type Single Family Residence

Price Type --

Large home on an acre lot in Sun City. This area is a favorite of car collectors and home workshop enthusiasts. The home features vaulted ceilings, a formal living room, spacious family and dining rooms. Three large bedrooms. The free standing garage measures 38'X25' and features a work sink and half bath. Perfect man or lady cave! The extra long attached garage measures 29'X24'. Best investment in the area!

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12018 N 55th Street Scottsdale, AZ 85254

$675,000

2 Beds

2 Baths

1,760 SqFt

Status Active Under Contract

MLS # 6742459

Property Type Townhouse

Price Type --

Discover this elegantly remodeled single-story home in Orangetree Villas, an exclusive community of single-level townhomes nestled in a quiet Scottsdale location, just minutes from the best shopping and dining in the Valley. This inviting 2-bedroom, 2-bathroom plus office residence has been thoughtfully updated with a modern kitchen, stylish bathrooms, and expansive large-format tile flooring. The bright and airy great room, with its vaulted ceilings, boasts a custom Porter Barn Wood shelving unit and bookcase & fireplace creating a warm and welcoming atmosphere. The spacious primary suite offers vaulted ceilings, a walk-in closet, separate shoe closet, glass-walled walk-in shower, a cozy sitting area, and direct access to the rear patio. Enjoy multiple outdoor spaces including a charming front courtyard and a generously-sized, low-maintenance backyard with extended patio and tranquil water feature. Additional highlights include surround sound & plantation shutters throughout, 2-car garage with extra storage & community pool and spa.

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2109 E Winchester Way Chandler, AZ 85286

$675,000

3 Beds

2 Baths

2,322 SqFt

Status Active

MLS # 6748315

Property Type Single Family Residence

Price Type --

Nestled in the heart of South Chandler is the highly-coveted Rio Del Verde subdivision. Here you'll find an inviting family atmosphere adorned with properties that display supreme pride of ownership. Enjoy stunning curb appeal from the front of this home and a meticulously maintained private pool out back. The layout flows perfectly upon entering via grand corridor while displaying an open concept featuring a dedicated den/office among other clever additions. A spacious 3-car garage creates an abundance of room for your vehicle parking and storage needs. Check out this fantastic entertainer's paradise and realize why its location is one of the best in the East Valley!

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16160 W Indianola Avenue Goodyear, AZ 85395

$675,000

4 Beds

3 Baths

3,572 SqFt

Status Active

MLS # 6751096

Property Type Single Family Residence

Price Type --

Discover luxury resort living in an ideal location close to everything. Welcome home to one of the largest homes in Pebble Creek! This property boasts over 3500sf of living space with zero maintenance yard, 3 car garage, 4 bedrooms, 3 baths, office, primary bedroom has sitting room and his and her closets, hardwood floors, vaulted ceilings, large open kitchen with island, formal dining room, breakfast nook and a cozy Arizona room off the kitchen. The solar panel's are a HUGE bonus to this gem adding to extremely low cooling bills!

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10489 E Topaz Circle Scottsdale, AZ 85258

$675,000

2 Beds

2 Baths

2,041 SqFt

Status Active

MLS # 6754335

Property Type Single Family Residence

Price Type --

Fantastic location for 55+ adult community patio home in Scottsdale Ranch. Great corner lot, all 1 level, great bones, wonderful opportunity to customize to your preferences for this spacious 2 bedroom plus den home. Community amenities include heated pools, tennis courts and close proximity to Scottsdale Senior Center.

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4509 E Lone Cactus Drive Phoenix, AZ 85050

$675,000

3 Beds

2 Baths

1,663 SqFt

Status Active

MLS # 6736652

Property Type Single Family Residence

Price Type --

Discover your dream home in this beautifully updated single-level gem in Desert Ridge! Step into this bright and open home with a modern kitchen, stunning granite countertops, newer stainless steel appliances, gas range, and tiled backsplash. Enjoy the elegance of vaulted ceilings and stylish updated lighting throughout. Indulge in the luxurious bathrooms featuring granite counters and large subway-tiled showers, with a separate tub and shower in the master suite. The backyard oasis offers a sparkling pool with a waterfall, pavers, and low-maintenance desert landscaping. Prime location - walk to Desert Ridge and City North shopping, dining, parks, schools and easy access to 101 & 51 freeways. Don't miss this one! Furniture is for sale separately.

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5024 N 34th Street Phoenix, AZ 85018

$675,000

2 Beds

2 Baths

1,594 SqFt

Status Active

MLS # 6756057

Property Type Single Family Residence

Price Type --

Welcome to the charming Biltmore Heights Bungalow! Nestled in one of the best locations in Phoenix, this home is a true gem. Enjoy proximity to the Arizona Canal, perfect for morning walks or biking, with stunning views of Piestewa Peak and Camelback Mountain nearby. The home features warm, inviting spaces, complemented by a separate guest quarters with its own private entrance—ideal for visitors or additional income. Just minutes away, you'll find local eateries, Biltmore shopping, and Scottsdale Fashion Park, offering both convenience and luxury. Experience the perfect blend of comfort and location!

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