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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7668 E Pleasant Run -- Scottsdale, AZ 85258

$660,000 - 2Br/2Ba -  for Sale in Pleasant Run Unit 2 Amd, Scottsdale
Open House
New
$660,000
2 Beds
2 Baths
1,590 SqFt
Status Active
MLS # 6758723
Property Type Single Family Residence
Price Type --
McCormick Ranch: Scottsdale's Premier Location! Located in the highly sought-after Pleasant Run subdivision, this turn-key home is ready for you—just bring your suitcase and laptop! Homes rarely come on the market in this area, and this one offers a spacious, open floor plan with NO INTERIOR STEPS. It features 2 bedrooms, 2 baths, a cozy fireplace in the living room, and a 2-car garage. The quiet, low-maintenance patio offers privacy with high walls, accessible from both the living room and the primary bedroom. The home is filled with natural light thanks to skylights throughout. All furniture is available with the home, making moving in a breeze! Enjoy the community amenities, including a pool, spa, tennis, and pickleball courts. The location is unbeatable: The garage has fresh epoxy floors. The Jacuzzi tub is sold AS IS. 20+ restaurants within walking distance Close to shopping, Diamondbacks spring training, resorts, casino, and nightlife 5 minutes from Loop 101 10 minutes to The Block, The Pavilions, Gainey Ranch, and The Entertainment District Bike to Tempe Town Lake or along the Discovery Trail (25 miles of scenic paths) Stroll around the beautiful lakes or golf at McCormick Ranch Golf Course. The possibilities are endless in this fantastic location!

3628 W Pecos Road Chandler, AZ 85226

$660,000 - 4Br/3Ba -  for Sale in Pecos Parcel, Chandler
Open House
$660,000
4 Beds
3 Baths
2,231 SqFt
Status Active
MLS # 6732316
Property Type Single Family Residence
Price Type --
Your dream home is here! This 2022 CUSTOM build offers 4-bedroom, 3-bath with a 3-car garage, RV gate with power outlet and sewer dump. NO HOA! Its beautifully landscaped from front to back with an inviting porch. Inside, enjoy an open floor plan with soaring 10-foot ceilings, recessed lighting, and stylish wood-look tile flooring. The gourmet kitchen has granite countertops, ample white cabinets with crown molding, chic pendant lighting, a tile backsplash, stainless steel appliances, a large walk-in pantry, and a two-tier island with a breakfast bar. The main bedroom offers plush carpeting, a luxurious ensuite with dual sinks, and a spacious walk-in closet. Relax in the backyard oasis with a covered patio, pavers, and low-maintenance artificial turf. Make this exceptional home yours toda

3107 W Languid Lane Phoenix, AZ 85086

$660,000 - 6Br/3Ba -  for Sale in Tramonto Parcel W-21, Phoenix
Open House
$660,000
6 Beds
3 Baths
2,981 SqFt
Status Active
MLS # 6730197
Property Type Single Family Residence
Price Type --
Practical & flexible home in the popular Tramonto Community! Prime location near I-17 & Loop 303 freeways, making commuting a breeze. Ideal for those connected to the nearby TSMC plant or seeking proximity to Lake Pleasant. The first level features vinyl plank flooring in the main living areas, creating a warm & inviting atmosphere. All 3 bathrooms have been tastefully updated to reflect modern comfort & style. Updated kitchen with plenty of cabinets, double ovens, & modern lighting, flowing into a cozy family room anchored by a gas fireplace. Adjacent, a sunlit flex room with abundant storage & utility sink. Off of the main entry, there is a convenient bedroom & bathroom providing privacy for guests or an ideal home office. The primary suite features a custom walk-in closet, a bay window sitting room with mountain views, & a remodeled en-suite. Step outside to enjoy the beautiful backyard featuring an artificial grass area, private pool, extended patio with sun shade-perfect for outdoor gatherings & relaxation. Additional highlights include new Trane AC units (2023), soft water system, & RV gate. The Tramonto Community enhances daily life with amenities such as pools, tennis, basketball & volleyball courts, playgrounds, & trails. Nearby shopping, dining, & schools ensure seamless convenience. Experience the best of Arizona living in this beautiful home!

6919 E Quince Street Mesa, AZ 85207

$660,000 - 3Br/3Ba -  for Sale in Sanctuary At Las Sendas, Mesa
Open House
New
$660,000
3 Beds
2.5 Baths
2,039 SqFt
Status Active
MLS # 6756462
Property Type Single Family Residence
Price Type --
Your dream home is here! This delightful 3-bedroom, 2.5-bath residence features a 3-car garage, an attractive paver driveway, and an eye-catching stone facade. Discover an inviting great room with high ceilings, a soothing palette, recessed lighting, classic plantation shutters, and stylish wood-look flooring. The gourmet kitchen comes with granite counters, abundant white cabinetry with crown moulding, sleek stainless steel appliances, a pantry, and a center island with a breakfast bar for casual dining. The primary bedroom offers soft carpeting, an ensuite with double sinks, and a walk-in closet. Enjoy quiet afternoons in the backyard, complete with a gas firepit stub, a covered patio for al fresco dining and serene panoramic views. Make this gem yours today!

19442 N 34th Place Phoenix, AZ 85050

$660,000 - 4Br/3Ba -  for Sale in Park Hill Amd Lot 1-8, Phoenix
Open House
$660,000
4 Beds
2.5 Baths
2,178 SqFt
Status Active
MLS # 6747935
Property Type Single Family Residence
Price Type --
Excellent home located in the prime section of North Phoenix. Stunning lush landscaping gives this home wonderful curb appeal. Eat-in kitchen incorporates an island with a breakfast bar, dark granite counters, stainless appliances, and tons of cabinetry. Other features include soaring high vaulted ceilings, tile flooring, charming fireplace, large living room, spacious upstairs loft, OWNED solar panels for $50/mo avg electric bills, and a 2 car garage. Downstairs master suite has a private backyard exit and an en-suite bathroom with shower/tub combo and granite vanity. Resort style backyard has a shaded covered patio with ceiling fan and TV, built-in BBQ area, pergola seating area with lighting, RV gate, and a heated spa and pool with a baja step and waterfall!

10011 E Lakeview Circle Mesa, AZ 85209

$659,999 - 3Br/3Ba -  for Sale in Villages Of Eastridge, Mesa
Open House
New
$659,999
3 Beds
2.5 Baths
2,960 SqFt
Status Active
MLS # 6754002
Property Type Single Family Residence
Price Type --
*NEED MORE SPACE? ''Your Fabulous New Home Awaits you in Villages of Eastridge Community!'' *Meticulous & Maintained *Original Owner on Culdesac Corner Home Site! *3 Bedrooms with Master Retreat Plus Loft & Lower Level Den/Office or Potential 4th Bedroom Guest Suite *PLAY POOL & LARGE YARD! *3 Car Garage *EXTRA Storage! *This Home HAS IT ALL! *Open Country Kitchen *Island Bar Overlooking Family Room* Wood/Laminate Floors Lower Level *Dual A/C Units 2 Years New* Interior Freshly Painted & Exterior Paint 4 Years Ago *Large Covered Patio *Backyard Fire Pit *2 Storage Sheds Garage Cabinetry with Work Bench & Storage Shelving *EXTRA WIDE & LONG Culdesac Drive for Additional Parking! Basketball Sports Court & Playground! *Quick Access Loop 202 & I60 Fwys* & Schools!

5934 S Juniper Street Tempe, AZ 85283

$659,998
4 Beds
2 Baths
2,004 SqFt
Status Active
MLS # 6726731
Property Type Single Family Residence
Price Type --
A stunning single-family home located in the heart of Phoenix has 4-bed, 2-bath home has 2004 sqft, 2 car garage, sparkling pool & covered patio. Brand new Roof. You will be greeted by a bright & airy floor plan that's perfect for entertaining. The spacious living room features soaring ceilings, large windows that let in plenty of light, a cozy fireplace with beautifully decorative tile from floor to ceiling that's perfect for chilly nights. The kitchen comes with stainless steel appliances, quartz countertops & brand-new shaker cabinets. Brand new vinyl wood & carpet flooring throughout the home. Enjoy the fully upgraded, spa like bathrooms with high end shower system, framed mirrors, shower niche, & custom vanities. No HOA. Don't miss out!

7639 W Nosean Road Peoria, AZ 85383

$659,996
3 Beds
2 Baths
1,982 SqFt
Status Active
MLS # 6741345
Property Type Single Family Residence
Price Type --
MLS#6741345 Ready Now! The Iris is a 1-story home with 1,982 sq. ft., featuring 3 bedrooms, 2 bathrooms, a 2-car garage, and a flex room. As the only single-story floor plan at Aloravita South Discovery, it stands out for its thoughtful design. The foyer leads to a hallway with secondary bedrooms and a full bathroom. The open kitchen, casual dining area, great room, and flex room create a welcoming living space. The private covered patio is perfect for enjoying Arizona weather. The primary suite offers a private bathroom with double sinks and a spacious walk-in closet, making it the perfect retreat.

20247 W Hollyhock Street Buckeye, AZ 85396

$659,995
3 Beds
3 Baths
2,630 SqFt
Status Active
MLS # 6717674
Property Type Single Family Residence
Price Type --
8760 sqft lot - Optional Guest Suite - Gourmet kitchen, quartz countertops, full tile backsplash, white cabinets, pendant lights at island, stainless steel appliances w/pyramid hood & gas cooktop - Multi-slide doors at great room - Walk-in shower at primary bath - Pre-plumb locations at laundry room, soft water loop, gas to patio - Wood laminate floors throughout except for carpet in bedrooms & 12 x 24 tile in bathrooms - Matte black fixtures throughout - Ceiling fan pre-wires at bedrooms, patio and great room - 10-foot ceilings - Double gate - Two-tone paint - Garage service door - Cabinets & wet bar sink w/beverage center at guest living room w/entry door into side-car garage.

8125 W Gardenia Avenue Glendale, AZ 85303

$659,995
5 Beds
3 Baths
2,611 SqFt
Status Active
MLS # 6748279
Property Type Single Family Residence
Price Type --
New carpet and paint throughout this 5 bedroom 3 bath home. This home has been well cared for and features granite countertops, plenty of cabinets, pantry and kitchen island. The master bath features dual sinks, separate tub and shower and walk in closet. The open floor plan is perfect for entertaining and the possibilities with the almost 20,000 sq ft lot are limitless!

18956 W Ocotillo Road Waddell, AZ 85355

$659,990 - 4Br/4Ba -  for Sale in Zanjero Trails Parcel 31d, Waddell
Open House
$659,990
4 Beds
3.5 Baths
2,561 SqFt
Status Active
MLS # 6739341
Property Type Single Family Residence
Price Type --
It's the very popular Cinnabar floor plan with 4 bedrooms + study, 3.5 baths and a 3 car tandem garage. Located in Windrose in Waddell. Multi slide door off the great room. Pavers at drive, walk and entry. 8' gate on garage side of home. Kitchen upgrades includes - stainless steel gas appliance package with 30'' cooktop and canopy hood. Sonoma Linen-off white cabinets with 42'' kitchen uppers. DT White Ice G238 granite countertop with enhanced kitchen island, undermount single bowl kitchen sink. Flooring includes 7x 24 plank tile in all areas of the home except beds/baths. 5'' baseboards throughout and 3 1/4'' door casings. Dual sink at bath 2, soft water loop, garage service door that leads out to the backyard and so much more.

18938 W Ocotillo Road Waddell, AZ 85355

$659,990 - 4Br/3Ba -  for Sale in Windrose Parcel 31d, Waddell
Open House
$659,990
4 Beds
2.5 Baths
2,561 SqFt
Status Active
MLS # 6739870
Property Type Single Family Residence
Price Type --
September completion -Cinnabar floor plan with 4 bedrooms + study, formal dining, 2.5 baths. This home is stunning with the multi slide door off the great room and leads out to the covered patio. Pavers at drive, walk and entry. Stainless steel gas appliance package with 30'' cooktop, wall oven, microwave and hood. Barnett maple Boulder-gray cabinets with 42 kitchen uppers. Pull out trash drawer with two bins. Stainless steel undermount single bowl sink. AZT Hana Sky quartz countertops in kitchen and owner's bath. Upgrade flooring includes DT Broxburn Gray 6x24 plank tile in all areas of the home except bedrooms and closets. 5'' baseboards and 3 1/4'' baseboards. Dual sinks at bath 2. 8' tall garage door with two controls, garage service door and so much more.

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