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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3122 E Windmere Drive Phoenix, AZ 85048

$650,000

4 Beds

2.5 Baths

2,104 SqFt

Status Active

MLS # 6753762

Property Type Single Family Residence

Price Type --

Welcome home! This beautiful residence is in the gated Estates at the Ranch, an exclusive single-story home Community in the award-winning Mountain Park Ranch. Offering 4 beds, 2.5 baths, 2-car garage, & a low-care landscape. Discover a large living/dining room combo and a separate family room w/fireplace & surround sound! Tall ceilings add to the airy feel, complemented by plantation shutters, & tile flooring in common areas. The kitchen boasts built-in appliances w/cooktop elec, granite counters, recessed lighting, ample wood cabinets, and a breakfast area. Carpeted double-door main bedroom has outdoor access and an ensuite with dual sinks, separate tub/shower, & a walk-in closet. Enjoy the entertainer's backyard with a covered patio, firepit, built-in BBQ, & a sparkling pool!

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878 W Gina Marie Boulevard Paulden, AZ 86334

$650,000

3 Beds

2 Baths

1,525 SqFt

Status Active

MLS # 6752185

Property Type Manufactured Home

Price Type --

This 5-acre perimeter fenced gem is a unique opportunity to own a thriving winery in Paulden, AZ! Picture yourself comfortably living in a 1, 525 sq ft manufactured home, with panoramic mountain views. The home features 3 bedrooms plus a den/study, and 2 bathrooms. The winery includes a well-equipped climate controlled 864 sq ft production building, complete with all necessary equipment and inventory. With 2 acres of mature, irrigated vines, you'll be set to continue and expand the winemaking tradition. The Wine Grape Vineyard consists of approx. 1900 Plants and the property also boasts a detached garage with a versatile studio space, a tack shed with canopy, and raised garden beds. This is a turn-key vineyard, ready for your passion and expertise and a true place to be your home!

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19550 N Grayhawk Drive Unit 2041 Scottsdale, AZ 85255

$650,000

2 Beds

2 Baths

1,323 SqFt

Status Active

MLS # 6757018

Property Type Apartment

Price Type --

This property received a MAJOR facelift in 2022. High end materials & workmanship transformed this END UNIT into a CONTEMPORARY gem. Enter through the TWO car epoxy-coated garage (or private front door) & ascend the stairs to the single level living space. All arches have been removed or squared off. Engineered wood & tile floors, custom lighting (including recessed art lights) & remote controlled blackout shades throughout. Kitchen features a modified breakfast bar with granite waterfall counter. Soffit removed above. Bathrooms boast floating vanities, soft close drawers, fully tiled showers with glass entries & new toilets. Large walk-in primary closet has custom organizing system. Two patios. Mountain views. Abundant natural light. Community pool, spa, gym, tennis. Guard gated. Nice!

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36655 N 25th Street Cave Creek, AZ 85331

$650,000

4 Beds

3 Baths

2,350 SqFt

Status Active

MLS # 6702523

Property Type Single Family Residence

Price Type --

Spacious Home/ Great views on private Street on 1.6 acres, 4 beds/3baths, huge room, stunning rock fireplace in wood, big room with sitting rooms views in all directions.

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19700 N 76th Street Unit 1058 Scottsdale, AZ 85255

$650,000

3 Beds

2 Baths

1,863 SqFt

Status Active

MLS # 6736303

Property Type Townhouse

Price Type --

*AMAZING 3BD/2BATH GROUND FLOOR UNIT in THE VILLAGE AT GRAYHAWK!** This Premier Gated Community in North Scottsdale is loaded with Amenities & just minutes away from shopping at Kierland, Scottsdale quarter, Golfing at Grayhawk, TPC & much more. Your Home is Conveniently Perched close to the Community Pool & Workout Facility. This Gem Features: A Great Open Layout, Large Great Room, Dining Area, Split bedrooms w/3rd bedroom/den off the living room, Updated Hall Bathroom, Newer AC, Newer W/D (2020), 2 Car Garage + Storage Room, Gorgeously Remodeled Kitchen w/ Granite Countertops, Upgraded Fixtures, Black Stainless Samsung Appliances, Breakfast Bar, & Beautiful Cabinetry w/ slide out shelving. Your Private Patio is perfect for morning breakfast & coffee! Units like this a RARE FIND!

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3141 N Eagles Creek Drive Show Low, AZ 85901

$650,000

3 Beds

2 Baths

2,016 SqFt

Status Active

MLS # 6750860

Property Type Single Family Residence

Price Type --

Be prepared to be amazed by this meticulously maintained 3-bedroom 2-bath 2,016sqft home located in the gorgeous Creekside at Eagle Mountain community. The moment you open the door the detail and warmth of the home invites you in, the natural lighting through the beaming large windows will take your breath away. Open floor plan sets the mood to entertain and interact with your guests in one space, and still provides the spaciousness of a cozy living area by the gorgeous gas fireplace adorned with stonework to the ceiling, and a dining area that accommodates large parties. The split floor plan allows for primary bedroom privacy, while enjoying the oversized shower and walk-in closet. Additional bedrooms are very spacious, both with walk-in closets, and include a jack-n-jill bathroom that also provides access to the living room for guests. The rare 3-car garage comes with enough space for your vehicles, and a workspace to utilize for all your hobbies. Step onto the oversized back deck to enjoy your morning coffee overlooking the lavish green grass and tall pines and cozy up by the log detailed gas fire pit in the evenings after a soak in your private hot tub. For those who enjoy walking, Creekside at Eagle Mountain has private walking trails for residents only! In addition to all this home has to offer, the home also includes a Water Softener, Sediment Whole House Water Filtration System, Hot Water Circulator Pump for instant hot water at the tap, and drip system for front and backyard trees. If this didn't impress you, just wait until you walk through the front door!

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16197 W Berkeley Road Goodyear, AZ 85395

$650,000

4 Beds

2.5 Baths

2,677 SqFt

Status Active

MLS # 6757161

Property Type Single Family Residence

Price Type --

New Listing Alert: The Unicorn of Goodyear! Welcome to 16197 W. Berkeley Road, a rare and remarkable find in one of Goodyear's most desirable locations! This home stands out from the rest—combining charm, beauty, and all the modern features you've been searching for. Prime Location: Situated in the heart of Goodyear, this home is just minutes from brand-new restaurants, shopping, and the highly anticipated Goodyear Civic Center. It's more than just a home—it's a gateway to a vibrant lifestyle! Inside the Home: -4 spacious bedrooms that provide plenty of room for everyone. -2.5 bathrooms, beautifully maintained and designed with functionality in mind. -Chef's kitchen with double ovens, granite countertops, and ample storage—a central hub perfect for entertaining, and enjoying time with loved ones. -The open-concept living space offers an inviting flow from the kitchen to the living areas, ideal for large gatherings or cozy family nights. -A versatile dining room that can easily transform into a home office or playroom to suit your personal needs. Backyard Retreat: Step outside and unwind in your private outdoor oasis: -Brand-new turf for low-maintenance landscaping. -A sparkling pool, perfect for cooling off on hot summer days. -Elegant travertine pavers, ideal for outdoor dining or lounging, creating a resort-style vibe in your own backyard. This home offers a rare combination of location, design, and outdoor living. Opportunities like this don't come along often. Don't miss out on this unicorn!

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6718 N 59th Drive Glendale, AZ 85301

$650,000

6 Beds

3.5 Baths

2,624 SqFt

Status Active

MLS # 6748306

Property Type Single Family Residence

Price Type --

This house is a must see! Built in 2024, NO HOA. Main house has 4 bedrooms with 2.5 baths and a DETACHED guest house with separate entrance, 2 bedrooms and 1 bath. The delightful kitchen includes refrigerator, dishwasher, range, a central island with a breakfast bar for casual dining, and granite countertops that extend to bathrooms. Highly desired Glendale area close to restaurants, shops and State Farm Stadium. Additionally it has an RV gate in the front AND the back next to the guest house.

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19700 N 76th Street Unit 2047 Scottsdale, AZ 85255

$650,000

3 Beds

2 Baths

1,729 SqFt

Status Active

MLS # 6751050

Property Type Apartment

Price Type --

Discover a rare opportunity to own a stunning residence in the highly sought-after gated community of Grayhawk Village. This exceptional 3-bedroom home offers breathtaking panoramic views of the McDowell Mountains, along with iconic Tom's Thumb, creating a serene backdrop for your daily life. Inside, the spacious floor plan includes an open kitchen that overlooks the family room and dining room. The generously sized primary and secondary bedrooms offer both comfort and convenience. Step outside onto the expansive outdoor terrace, where lush green grass and mature trees provide an oasis of privacy and tranquility. Whether you're sipping your morning coffee or entertaining guests, this space is your personal retreat. The community itself is rich with amenities, featuring tennis courts, heated pools, relaxing spas, a championship golf course, and Pickleball courtsideal for an active and vibrant lifestyle.This home is more than just a place to live; it's an invitation to experience the best of Scottsdale living in one of the most extraordinary locations Grayhawk Village has to offer.

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822 N John Way Chandler, AZ 85225

New

$650,000

4 Beds

2.5 Baths

2,288 SqFt

Status Active

MLS # 6757212

Property Type Single Family Residence

Price Type --

Don't miss this spacious, updated two-story home on an ideal corner lot in Chandler! This stunning 4-bedroom, 2.5-bath residence is nestled in a park-filled neighborhood. As you enter, you'll be welcomed by a generous living room that flows into a separate family room and an open-concept kitchen—great for gatherings & everyday life. Upstairs, the primary bedroom is a true retreat, featuring a beautifully remodeled bathroom w/ unique wood countertops. The additional bedrooms are generously sized, providing plenty of room for everyone. You'll appreciate the abundance of storage, w/ large closets, ample cabinetry, & a convenient walk-in pantry. Outside, the large corner lot boasts established trees and a fabulous pool, offering a perfect oasis with no neighbors behind.

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7955 E Chaparral Road Unit 116 Scottsdale, AZ 85250

$650,000

2 Beds

2 Baths

1,579 SqFt

Status Active Under Contract

MLS # 6750455

Property Type Single Family Residence

Price Type --

***MAGICAL LA VILLITA***Secluded gated patio home in one of the best spots in Scottsdale. Center-subdivision location. Hard to find superior floorplan features welcoming front patio entry opening to living/family room with 2-way fireplace. Kitchen with stainless appliances overlooks dining and view to back patio. Neutral tile and carpet throughout. High ceilings, big master bedroom with spacious full bath, separate tub/shower and double sinks. Back patio has Saltillo tile and landscaping. This location is near the Safeway shopping center, restaurants, Chaparral Park/Lake, miles of greenbelt and canal for walking/biking/jogging. Enjoy a quick stroll to the community pool. It's hard to find a patio home in this area at this price point. You'll love living here.

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13615 W Merrell Street Avondale, AZ 85392

$650,000

5 Beds

3 Baths

3,728 SqFt

Status Active

MLS # 6756481

Property Type Single Family Residence

Price Type --

Stunning 5 Bed, 3 Bath BASEMENT home in Fulton Estates with a $10,000 seller concession for buyer expenses. Beautiful ranch-style home with low-maintenance landscaping, a 3-car garage, and RV gate. Inside, a welcoming foyer leads to a bright, spacious living/dining area, warm tones, neutral tile in high-traffic zones, and plush carpet in others. The family room connects to the kitchen and opens to the backyard for seamless entertaining. The eat-in kitchen includes staggered cabinets with crown molding, SS appliances, solid surface counters, an island, and a walk-in pantry. Primary bedroom has outdoor access, a full ensuite with dual sinks, a makeup vanity, and a walk-in closet. Basement is approx. 1,100 sq ft with 2 beds, 1 bath, and a large recreation room. 2 new A/C units with warranty! In the basement, you'll find a large bonus room ideal for a game/entertainment center, a cinema, or a home gym. In addition, there are 2 beds & 1 bath downstairs, which is perfect for overnight guests. Enjoy relaxing in the backyard on the covered patio while sipping your favorite beverage. Desirable location, close to restaurants, markets, major roads, and easy access to the I-10. Hurry to see!

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