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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15716 W Sierra Street Surprise, AZ 85379

$659,000
5 Beds
3.5 Baths
4,035 SqFt
Status Active
MLS # 6725319
Property Type Single Family Residence
Price Type --
Discover luxury living in this well maintained home built in 2007, nestled in the heart of Greer Ranch North. Boasting 5 bedrooms and 3.5 bathrooms, this residence offers ample space for both relaxation and entertaining. Step inside to find a versatile den, ideal for a home office or study, complemented by a formal living and dining area. The family room provides a cozy retreat, perfect for gatherings. Upstairs, a generous bonus loft offers additional flexibility, whether used as a play area, media room, or second family room. The heart of this home lies in its lovely kitchen, with granite countertops, and a convenient island for casual dining. Adjacent is a spacious breakfast nook, overlooking the tranquil backyard oasis.

9617 E Camino Del Santo -- Scottsdale, AZ 85260

$659,000
3 Beds
2.5 Baths
1,687 SqFt
Status Active
MLS # 6754442
Property Type Single Family Residence
Price Type --
This wonderful home provides an opportunity to enjoy the Scottsdale lifestyle at an affordable price in this highly-sought-after community. This completely remodeled home boasts vaulted ceilings, stainless steel appliances, wood shutters, a fireplace, granite counters and updated bathrooms. As you enter, you'll be delighted with the spacious great room/formal dining area, soaring ceiling and lots of natural light. A master suite with custom bathroom, walk in shower with custom tile bench and double vanity. The second bedroom downstairs has its own half bath and there is second master suite upstairs with full bathroom including custom shower/tub combo. Outside, the private yard boasts a side completely shaded by sunshades with beautiful artificial grass and a large storage room.

4321 W Dorsaneo Lane New River, AZ 85087

$659,000
5 Beds
2.5 Baths
3,905 SqFt
Status Active
MLS # 6750201
Property Type Single Family Residence
Price Type --
Welcome to Your Dream Home! Step into this stunning 2-story residence, offering 5 spacious bedrooms and 2.5 bathrooms—perfect for both family living and entertaining. The open-concept floor plan features a welcoming formal living and dinning room. A Spacious family room, first floor master and a loft, ideal for relaxation or play. Enjoy your own private oasis with a beautifully landscaped backyard, complete with a sparkling pool and built-in BBQ, perfect for summer gatherings. The home comes complete with all appliances included, making your move-in seamless and stress-free. Plus, the 3-car garage provides ample space for vehicles and storage. This home is already equipped with an electric car charger for your vehicle and has a stair climber.

345 E Palomino Court Gilbert, AZ 85296

$659,000
5 Beds
2.5 Baths
2,376 SqFt
Status Active
MLS # 6727415
Property Type Single Family Residence
Price Type --
Move-in-ready Home in prime location, Gym & pool amenities across the street & walking distance to downtown Gilbert for dining & entertainment. Extensively remodeled with $150,000 in recent upgrades, featuring a luxurious master bathroom with large walk-in shower and freestanding 70'' soaking tub. All 2.5 bathrooms showcase quality tiled floors and walls. Elegant plantation shutters throughout, custom wood floors, crown molding, stairway, and fireplace enhance the home's appeal. The 5 bedroom and 3 car garage provide ample space for all. The kitchen boasts contemporary features: oversized sink, granite countertops, peninsula with a breakfast bar, high quality soft-close cabinets with lazy susan corners, new pantry with frosted glass doors and under-cabinet lighting. Recessed lighting and new fixtures illuminate the home beautifully.Outside find new sunscreens and an energy efficient A/C replaced in 2018. Enjoy the quiet cul-de-sac setting with easy access to the community park, basketball/pickleball court, and playground. This rare 5 bedroom find combines comfort, style, and location! A MUST SEE!

1104 N Rusty Nail Road Prescott Valley, AZ 86314

$659,000
3 Beds
2 Baths
1,870 SqFt
Status Active
MLS # 6741806
Property Type Single Family Residence
Price Type --
Welcome to your dream home in Stoneridge! This 3-bedroom, 2-bath gem boasts 1,870 sq. ft. of elegant living space, perfect for comfortable family living. 3rd bedroom or office/den with double doors. The spacious layout includes a modern kitchen, cozy living area, and a luxurious master suite. Enjoy the convenience of a two-car garage and the vibrant community amenities: a golf course, restaurant, community center, tennis courts, and a sparkling pool. Nestled in a serene neighborhood, this home offers the perfect blend of relaxation and recreation. Don't miss your chance to live in this fantastic community!

342 W Cambridge Avenue Phoenix, AZ 85003

$659,000
3 Beds
2 Baths
1,361 SqFt
Status Active
MLS # 6730377
Property Type Single Family Residence
Price Type --
Step into history with this enchanting home in Central Phoenix's coveted Willo neighborhood. Bursting with retro charm, this gem offers a unique canvas for your creative vision. Major updates have been taken care of, making it the perfect opportunity to customize and modernize while preserving its historical character. The Willo district is renowned for its vibrant community, tree-lined streets, and close proximity to downtown Phoenix's bustling arts, dining, and entertainment scene. Don't miss your chance to own a piece of yesteryear in one of Phoenix's most desirable neighborhoods!

9762 E Resistance Avenue Mesa, AZ 85212

$659,000
3 Beds
3 Baths
2,357 SqFt
Status Active
MLS # 6741822
Property Type Single Family Residence
Price Type --
Start living in this gorgeous, upgraded, 3-bed with additional family room and 3-bath haven in Eastmark Community! Thoughtfully designed interior boasts solid wood cabinets with crown moulding and quartz countertops in the kitchen & bathrooms. Quartz breakfast bar with wine fridge. Marble tile shower with 3 shower heads. top-of-the-range GE Monogram SS appliances such as cooktop gas, wall oven, and microwave. Serene main retreat features an ensuite w/dual sinks, large enclosed glass shower, & a walk-in closet. One of the secondary bedrooms has plush carpet & its own bathroom. Built in surround sound connected to two rooms and patio. Tranquility awaits in the backyard, equipped w/a covered patio & play area. Don't let this gem slip by! Owner/Agent

9765 N 105th Street Scottsdale, AZ 85258

$659,000
2 Beds
2 Baths
1,378 SqFt
Status Active
MLS # 6737746
Property Type Single Family Residence
Price Type --
Gorgeous bright & spacious single level patio home in desirable Suntree East of Scottsdale Ranch is calling you home! Best placement in community with extra greenspace out front & NO shared interior walls! Updated granite built in wet bar & indoor fireplace. Large eat-in kitchen with solid surface counters & newer stainless appliances 2020. Open floor plan offers formal dining & living room, family room & attached private outdoor space. Beautifully landscaped with artificial grass to stay green year round. Plenty of room for all your toys, thanks to the oversized 2-car garage. Retreat to the master bedroom that has an en suite master bathroom just calling you to relax. Stunning community offers resort like pool, sparkling spa, & beautiful lush landscaping. Scottsdale living awaits!

2123 E La Costa Drive Chandler, AZ 85249

$659,000
4 Beds
2.5 Baths
2,667 SqFt
Status Active
MLS # 6733137
Property Type Single Family Residence
Price Type --
This beautiful 4-bedroom gem nestled in the highly desired community of Cooper Commons is move-in ready with inviting vinyl wood plank flooring, vaulted ceilings, and fantastic lighting throughout. The modern two-tone tuxedo kitchen is equipped with upgraded appliances and offers the desirable triangle layout that seamlessly connects the kitchen, living, and dining areas—perfect for entertaining. Step outside to your own private oasis, complete with a spacious covered patio, a gas fire pit, and an amazing saltwater pool and jacuzzi grotto that cascades into the pool below. And yes, the pool is heated for year-round enjoyment! Enjoy ample storage with a roomy 3-car garage lined with storage cabinets and a deep closet located under the stairs. Plus, downstairs you'll find a versatile space that's perfect for an office or game room. Upstairs, the main bedroom is a true retreat with a fully upgraded ensuite featuring a walk-in shower with dual shower heads. Three additional bedrooms upstairs provide ample space for residents or guests, with large walk-in closets in both the primary and 4th bedroom. Location is everything, and this home doesn't disappoint. Great schools nearby and just around the corner, the spacious La Paloma Community Park offers a large grassy area, a children's playground, and courts for basketball and pickleball. Welcome Home!

617 S Paradise Drive Gilbert, AZ 85233

$659,000 - 3Br/3Ba -  for Sale in Coral Point Replat Lot 1 & 2, Gilbert
Open House
$659,000
3 Beds
2.5 Baths
2,156 SqFt
Status Active
MLS # 6742305
Property Type Single Family Residence
Price Type --
Welcome to Paradise! This Home is move in ready & located in The Gated Falls Community (only gated waterfront community in the Islands). This Home backs up to the most gorgeous waterfalls! The interior of this home boasts vaulted ceilings, a formal dining room, and a kitchen with stainless steel appliances. The formal dining room can only be beaten by the incredible view as you gaze through the windows. Amenities include Private Falls Pool, Hot Tub & Gazebo w/ BBQ, sink entertainment area, restrooms, & lake access to fish (catch/release).kayaks, paddle boards. The HOA takes care of front and back yard landscaping and paints the exterior of the home..

4402 N 9th Avenue Phoenix, AZ 85013

$659,000 - 3Br/3Ba -  for Sale in Melrose Manor Tr D, Blks 3&4, Phoenix
Open House
$659,000
3 Beds
3 Baths
1,826 SqFt
Status Active
MLS # 6696438
Property Type Single Family Residence
Price Type --
Welcome to your new sanctuary! 3 beds, 3 bath haven is the epitome of truly a move-in ready meticulously maintained oasis with 2 bedrooms ensuite, one with a private entrance. A brand-new roof & fresh paint, this home exudes charm & tranquility. The kitchen, complete with a gas stove, elegant granite countertops, underlit cabinets & pantry, perfect for culinary adventures. Outside, lush trees frame the beautiful maintained lawn, covered porch front & back creating a private oasis for relaxation or entertaining. Nestled in a vibrant neighborhood, you'll love the convenience of nearby shops, restaurants, and the community's lending tool shed & libraries. This home & neighborhood is more than just a place to live - it's a vibrant community with a welcoming spirit. Come see it

18419 W Elwood Street Goodyear, AZ 85338

$659,000 - 5Br/4Ba -  for Sale in Las Brisas Phase 2a Replat, Goodyear
Open House
$659,000
5 Beds
3.5 Baths
3,660 SqFt
Status Active
MLS # 6736532
Property Type Single Family Residence
Price Type --
Welcome to your dream home! Stunning 5-Bedroom Smart Home with Resort-Style Backyard Oasis. This 5-bedroom, 3.5-bathroom residence offers the perfect blend of luxury, comfort, and modern convenience. With a spacious layout of 3660 Sq Ft and top-of-the-line features, this home is designed to cater to all your needs. Enjoy year-round swimming with a heated AND cooled Pebble Tec custom saltwater pool, complete with a cascading water feature for a resort-like feel. The home is the perfect setup if you work from home~ With cat 5 wiring throughout. Take a break during lunch and dip the refreshing pool! The roomy backyard that features an added extended patio for ample shade and a grassy astro turf play area for children or pets. Perfect for entertaining family and friends year-round This modern home offers Energy Efficiency with Solar panels that keep your home cool during the hot Arizona summers while greatly reducing energy costs. With Smart Home Technology that includes convenience to control solar panels, thermostat, pool, lights, oven, refrigerator, and security system with cameras with ease using integrated apps. A special feature includes a convenient central vacuum system on both levels. The gourmet style kitchen is upgraded with rich maple/alder cabinets with soft-close drawers, roll outs, light rail, crown molding, granite countertops, a large kitchen island, and stainless-steel appliances including a café French door refrigerator and gas stove for the chef in the family. Spacious living areas include a formal living room, formal dining and family room. A large upstairs loft, perfect for a children's play area, hobby space, work out area or office. The oversized master suite features French doors leading to a private patio with mountain views and beautiful Arizona sunsets. Relax in the master ensuite with a walk-in shower, soaking tub, dual sinks, private toilet room, and an expansive master closet. Additional features include paved cobblestone driveway and front porch, double RV gate, 4-car garage, complete R/O system, soft water system, upgraded maple/alder stair rails with dramatic entry, faux wood window treatments, utility sink & cabinets in the laundry room and additional half bath near family room. Community perks in Las Brisas include open grassy parks, ramadas, basketball courts, volleyball courts, and many play structures and grassy open areas. Conveniently located near schools including La Brisas Academy. I10 Freeway and Goodyear Ballpark plus eateries close by! Nearby Estrella Mountain Regional Park, with 20,000 acres of pristine desert, is nearby with mountains and a large wetland. Many amenities are available to visitors, including baseball fields, the only grass picnic area (65-acres) in the Maricopa County Park System, a golf course, fishing from the Gila River, and over 33 miles of trails for hiking, mountain biking, and horseback riding. Don't let this one slip by! Move in ready with all the bells & whistles included!

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