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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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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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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2793 N Acacia Way Buckeye, AZ 85396

$650,000

3 Beds

2.5 Baths

2,277 SqFt

Status Active Under Contract

MLS # 6739516

Property Type Single Family Residence

Price Type --

Nestled in the picturesque and highly sought-after community of Verrado, this stunning 3-bedroom, 2.5-bathroom home offers the perfect blend of modern amenities and classic charm. From the moment you step inside, you'll be captivated by the open-concept floor plan, abundant natural light, and high-end finishes throughout. The bright and airy living room, featuring a beautiful fireplace, seamlessly flows into the dining area and kitchen, making it ideal for entertaining. The chef's kitchen includes a large center island, stainless steel appliances, and ample cabinet space. The primary bedroom is a true retreat with a walk-in closet and a spa-like ensuite bathroom featuring dual vanities, a soaking tub, and a separate shower as well as its own AC split unit for personalized climate control. Two additional generously sized bedrooms share a well-appointed bathroom. The home also includes a versatile office/den that can easily be converted into a fourth bedroom if desired. The tandem 3-car garage, featuring an AC split unit, ensures abundant parking and storage, keeping the space cool and comfortable even during the hottest summer days. Outside, your private backyard oasis awaits, complete with a pool, spa, splash pad, covered patio, and beautifully landscaped natural grass, perfect for outdoor dining and relaxation. Enjoy access to Verrado's numerous parks, hiking trails, community pools, and a vibrant downtown area with shops, restaurants, and entertainment options. Conveniently located near top-rated schools, golf courses, and easy access to major highways, making commuting a breeze. This meticulously maintained home offers a perfect blend of comfort, style, and convenience.

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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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8215 W Gardenia Avenue Glendale, AZ 85303

$650,000

4 Beds

2 Baths

2,643 SqFt

Status Active

MLS # 6732450

Property Type Single Family Residence

Price Type --

Welcome to the home in a desirable neighborhood that has it all! Perfectly situated to accommodate your lifestyle, this spacious residence boasts a great split floor plan w/ 3 bedrooms, a den & large bonus room! You'll be greeted by ample parking space for all your vehicles & toys! The expansive 3-car garage provides additional storage & convenience. Step inside to discover a beautifully open floor plan from the kitchen, equipped with top-of-the-line appliances & ample counter space, to the inviting living areas bathed in natural light. Outdoors, indulge in the resort-like atmosphere of your own private pool & patio area, perfect for hosting gatherings. The landscaped yard offers both beauty and functionality, creating a serene backdrop for outdoor activities & leisure. Owned Solar

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2949 W Morrow Drive Phoenix, AZ 85027

$650,000

4 Beds

2 Baths

2,214 SqFt

Status Active

MLS # 6752400

Property Type Single Family Residence

Price Type --

This is a big, beautiful, block home in coveted Ridgewood Acres in North Phoenix on an extra-large lot with a pavered circle driveway, covered entry into the family room/ den, the living area has wood-burning fireplace, updated kitchen with soft-close cabinets, pantry, granite CTs and SS appliances. Breakfast area w /bay window & formal dining. The primary bedroom has a walk-in closet, shower & toilet separate from vanity. Both baths have an updated vanity & CTs. Large covered back patio & grassy yard with big shade trees. Large slab area, automatic RV gate and 28' x 32' detached garage includes cabinets & work benches. Plenty of room for your RV, vehicles and toys. No HOA. Close to I-17 & 101, shopping and more!

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2736 E Sourwood Drive Gilbert, AZ 85298

New

$650,000

4 Beds

2 Baths

2,138 SqFt

Status Active

MLS # 6760086

Property Type Single Family Residence

Price Type --

Nestled in the heart of Gilbert, in the coveted Freeman Farms community, this stunning single-story gem is where elegance meets everyday comfort. Boasting 4 spacious bedrooms, and two luxurious baths, this home is designed with an open floor plan that seamlessly blends living, dining, and kitchen spaces—perfect for both quiet evenings and lively gatherings. The 3-car garage offers ample room for all your vehicles and toys. The Primary suite provides direct access to the backyard, where the art of entertaining comes alive, with built-in BBQ and large covered patio. This is more than just a house; it's the lifestyle you've been dreaming of, in one of Gilbert's most sought-after neighborhoods... WELCOME HOME!

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3630 N 372nd Lane Tonopah, AZ 85354

New

$650,000

4 Beds

2.5 Baths

2,472 SqFt

Status Active

MLS # 6759877

Property Type Single Family Residence

Price Type --

This is a rare opportunity to own a stunning 4-bedroom home on a fully fenced nearly 2-acre lot with breathtaking mountain views. The home exudes pride of ownership, featuring meticulously maintained desert rock landscaping, an extended driveway, fresh interior and exterior paint, abundant natural light, and elegant archways. The gourmet eat-in kitchen boasts SS appliances, granite countertops, tile flooring, recessed lighting, ample wood cabinetry, & a center island breakfast bar. Enjoy seamless indoor-outdoor living in the Arizona sunroom, complete with retractable windows and its own AC for year-round comfort. Take advantage of energy savings with paid-off solar panels & new AC unit. Check out the expansive backyard, offering a Pickle Ball court for sports enthusiasts! Also including 3 stalls along with a tack room and horse wash rack. PLUS! The other lot, with a huge RV garage & a corral, presents a remarkable chance for expansion, investment, or customization. Bring your toys, RVs, horses, & other animals - this property has plenty of space! Don't miss this excellent opportunity!

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11860 N 112th Way Scottsdale, AZ 85259

$650,000

3 Beds

3 Baths

2,404 SqFt

Status Active

MLS # 6732980

Property Type Single Family Residence

Price Type --

ONE OF A KIND EXTREEMLY PRIVATE & QUIET LOT with a great VIEW and NO backyard neighbor behind, just a nice h 9' wall. SPLIT BEDROOM FLOORPLAN, master suite is at the very back, 2nd bedroom on the north side of house & bedroom 3 is located at the front of the house, all bedrooms being on the ground floor. GREAT VIEWS from upstairs, kitchen with passthrough to dining area, and there's also a den/office/informal dining area too. Nestled nicely among the surrounding mountains, right out your door are all sorts of activities; Very LOW HOA too. Two newer 5-ton A/C units, brand new water heater and pool pump motor, Kinetico soft water and filtration system. *Buyer's remodel/update credit (*Terms & Conditions apply

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14458 N Fountain Hills Boulevard Fountain Hills, AZ 85268

$650,000

3 Beds

2 Baths

1,417 SqFt

Status Active

MLS # 6742714

Property Type Single Family Residence

Price Type --

Welcome to this fully remodeled Fountain Hills home, modern with warm rich wood flooring.... complimented with new plantation shutters throughout. Step into the inviting great room featuring a cozy fireplace and a new open kitchen equipped with quartz countertops. The spacious main bedroom offers an open sink area and generous walk-in closet for ample storage. Outside, the oversized backyard features a fenced heated pool, raised planters, and a shaded tiled patio - perfect for relaxation and entertaining. Fountain Hills is a vibrant community centered around Fountain Park, with lots of activities, offering convenient access to shopping, dining, and golf, all surrounded by breathtaking mountain views. (Full remodel included New Roof & complete paint inside and out)

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4015 N 78th Street Unit 104 Scottsdale, AZ 85251

$650,000

2 Beds

2 Baths

1,536 SqFt

Status Active

MLS # 6756300

Property Type Townhouse

Price Type --

Rare listing in The Gardens Community, conveniently located with easy access to Old Town Scottsdale, Spring Training, Golf, Hospitals, Shopping, dining and entertainment. This spacious, split floor-plan, 2 bedroom and 2 bath, single level townhouse has quick access to the beautiful pool and spa from the private back patios. Primary Suite has private patio exit, granite dual vanity sinks, with soaking tub and separate shower. The guest bedroom features two closets and a murphy bed. Enjoy the privacy of this end unit and its split floorplan with wood flooring and tile in all the right places. Perfect lock and leave or primary residence. Hurry, this one will not last!

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