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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Glendale AZ 85305

$640,000

4 Beds

3 Baths

2,700 SqFt

Status Active

MLS # 6725528

Property Type Single Family Residence

Price Type --

Up to 3% of total purchase price towards closing costs incentive offer. Brand New Move In Ready Home on prem. lot in highly sought-after Stonehaven Community* This Adelaide floorplan is stunning 4 bed/3 bath/3 car garage single-story gem!! Home has open floor plan. Gourmet Chef's kitchen featuring upgraded 42'' cabinets, large kitchen island, quartz countertops, WI pantry, SS appliances. Owner's retreat is spacious w/dual sinks, walk in shower & large walk-in closet. Other bedrooms are spacious. Tile in all the high traffic areas. Private CASITA w/ ensuite bathroom & sitting room. Low maintenance ft & bkyard. Community features community pool, walking/biking paths, parks, playgrounds, etc. Great Location: minutes to Westgate Entertainment Center, Cardinals Stadium, & restaurants, etc.

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930 Leisure World -- Mesa, AZ 85206

$640,000

3 Beds

2 Baths

2,330 SqFt

Status Active

MLS # 6749579

Property Type Single Family Residence

Price Type --

Welcome to this beautifully updated, one-owner home in the highly desirable Leisure World community, celebrated for its exceptional amenities. Since 2004, this home has undergone extensive updates, including new LVP flooring in the kitchen, all new carpet, and paint both inside and out, and a newer roof. Both bathrooms and the kitchen have been stylishly renovated, featuring custom cabinetry, granite countertops, and modern appliances. The master bath offers a zero-step shower and grab bars for ease of access. The home is ADA compliant with accessible doorways and a zero-step front entry. Enjoy the large front patio with a rose garden, pergola, and travertine pavers—perfect for entertaining. Plus, it's equipped with surround sound and wiring for data and security systems.

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16397 W Roosevelt Street Goodyear, AZ 85338

$640,000

5 Beds

3 Baths

4,166 SqFt

Status Active

MLS # 6742317

Property Type Single Family Residence

Price Type --

Welcome your Sanctuary awaits! This 2-story home boasts an open floorplan with 5 bedrooms, 3 bathrooms and sits at 4166 square feet. Upon entrance you are greeted by high ceilings and a stunning spiraled staircase. Beautifully updated with tile flooring and granite countertops. The kitchen has an open layout which is great for entertaining. The upstairs loft creates the perfect space for a home office. Conveniently located near Pebble Creek Golf Resort, as well as shopping centers and entertainment.

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17961 W Ivy Lane Surprise, AZ 85388

$640,000

6 Beds

3.5 Baths

3,297 SqFt

Status Active Under Contract

MLS # 6752628

Property Type Single Family Residence

Price Type --

This spacious 6 bed, 3.5 bath home with resort style backyard comes to market with a favorable layout including a guest room/office on the ground level, a large backyard with an outdoor kitchen, extended covered patio, fire walls & water features for the ultimate entertainer. The kitchen boasts granite counter tops, stainless steel appliances and a double door pantry. Right behind the kitchen/living space is a rec area to play a game of pool or darts or can be setup as a formal sitting/dining room. The upstairs bedrooms surround the loft which provides another flex space. 4 out of the 6 bedrooms have walk-in closets. There are 4 additional closets throughout providing ample storage. The garage is conveniently air conditioned with custom storage. This home is a must see to appreciate!

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1831 E Minnezona Avenue Phoenix, AZ 85016

$640,000

3 Beds

2 Baths

1,769 SqFt

Status Active

MLS # 6753470

Property Type Single Family Residence

Price Type --

Welcome to Highland Estates! This wonderful property, located in the classic and coveted Phoenix neighborhood smack dab in the Biltmore Financial District, has all the modern amenities without losing its vintage charm and feel. This great home features wood flooring throughout, large open floorplan, small separate office in backyard/shed, new A/C and brand new roof installed in 2023, mature trees, and more! You'll enjoy being tucked away from all the city hubbub, but so close to all the Biltmore Area amenities like award-winning restaurants, shopping, and proximity to Downtown Phoenix, Sky Harbor airport, popular hiking spots, Arcadia, Scottsdale...the list goes on!

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3676 Gold Rush Court Wickenburg, AZ 85390

$640,000

2 Beds

2 Baths

1,959 SqFt

Status Active

MLS # 6737439

Property Type Single Family Residence

Price Type --

Welcome to 3676 Gold Rush Court! Located in a private corner of Wickenburg Ranch, this serene oasis features a stunning backyard with a calming water feature, mature plants and trees, a large stone rectangular fire pit, and dual glass walls in the great room and dining area. Remote-controlled shades with wind sensors and outdoor speakers enhance the ambiance, offering an exceptional outdoor living experience. This highly upgraded Nice floor plan boasts over $125,000 in original enhancements, with many additional improvements. These include new carpet in the bedrooms, ceiling fans throughout, new stainless steel appliances, a glass shower door in the guest bathroom, extended patio pavers, a raised garden area, and a block wall with wrought iron fencing. The gourmet kitchen is equipped with a wall oven and microwave, gas range, pullout shelves, a recycle center, granite countertops, and pendant lights. The extra-large laundry/smart space features a built-in sink, cabinets, and a desk. All window coverings operate both top-down and bottom-up for optimal comfort and lighting. The garage is complete with an epoxy floor, built-in cabinets, a brand-new garage door, outdoor lights, and a water softener. This home offers a perfect blend of comfort, style, and convenience in one of Wickenburg's most desirable neighborhoods, where every detail is designed to enhance your living experience.

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4329 E Foundation Street Gilbert, AZ 85234

$640,000

4 Beds

3 Baths

2,147 SqFt

Status Active

MLS # 6743874

Property Type Single Family Residence

Price Type --

Welcome Home! This beautifully remodeled 4-bedroom, 3-bathroom home with a dedicated office is nestled in the highly desirable Morrison Ranch neighborhood. The open floor plan includes a convenient bedroom and bathroom on the main level. Upstairs, you'll find generously sized bedrooms and a versatile office space. Enjoy the convenience of being directly across from the playground, just down the street from the dog park, and close to community fishing lakes.

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8537 E Jackrabbit Road Scottsdale, AZ 85250

$640,000

3 Beds

2 Baths

1,520 SqFt

Status Active

MLS # 6751481

Property Type Single Family Residence

Price Type --

This desirably located 3 bedroom, 2 bath home in the heart of Scottsdale is close to everything - Chaparral Park, Old Town Scottsdale, Fashion Square, Spring training facilities, Talking Stick Resort, Arizona Boardwalk and more. AC replaced in 2023, this home features an open floorpan, dual pane windows, and white wood shutters throughout. Kitchen is large enough to entertain and living room features a welcoming fireplace. The spacious backyard is large enough for a pool or bbq! It currently features a RV gate, enclosed Arizona room and storage shed.

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2528 W Morse Drive Anthem, AZ 85086

New

$640,000

4 Beds

2.5 Baths

2,575 SqFt

Status Active

MLS # 6759051

Property Type Single Family Residence

Price Type --

Nestled in a serene neighborhood, this meticulously maintained home is a testament to elegance and comfort. As you step inside, you'll be greeted by the grandeur of crown molding, which lines the ceilings throughout the home. The heart of the home is in the kitchen, boasting updated white cabinetry, stainless steel appliances and a new, large, single bowl sink. The new backsplash adds a touch of contemporary flair, making it a chef's dream. Owner is a licensed Realtor in Arizona and Florida.

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3137 W Baseline Road Laveen, AZ 85339

$640,000

4 Beds

2.5 Baths

2,480 SqFt

Status Active

MLS # 6533532

Property Type Single Family Residence

Price Type --

Welcome to this stunning and breathtaking 4-bedroom, 2.5 bathroom home that will take your breath away! This magnificent residence is the epitome of family living and offers a warm and inviting atmosphere that will make you feel right at home. As you step inside, the grandeur of this home will envelop you with a sense of awe and wonder. The spacious living room exudes an ambiance of calmness and serenity, making it the perfect place to relax and unwind after a long day. The open floor plan creates a seamless flow into the dining area and kitchen, providing a natural gathering spot for family and friends. The mother-in-law suite is a wonderful addition to this home, providing a comfortable living space for extended family or guests. Step outside to the backyard oasis that will transport you to a world of calm and relaxation. Enjoy your gatherings and afternoons in this spacious backyard w/storage shed, paved patio, a tree house, & so much more to make it your own. You also can have animal on this property like horse, chicken, sheep, etc! Don't miss this opportunity! This home also boasts a laundry room, a 2-car garage, and easy access to near by parks, shopping, and dining. Come and see for yourself why this home is the perfect place to create everlasting memories with your loved ones. Schedule your showing today and let the magic of this home take your breath away!

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7121 W Columbine Drive Peoria, AZ 85381

$640,000

4 Beds

3 Baths

3,267 SqFt

Status Active Under Contract

MLS # 6731018

Property Type Single Family Residence

Price Type --

Rare find in Peoria. This home offers a perfect blend of luxury and comfort. Spacious living with 3267 sq. ft. and a fully finished basement, that includes a pool table and wet bar. Bedroom 3 and 4 are also located downstairs, perfect for cool quiet nights. It has an outdoor oasis featuring a sparkling pool, mature trees, and grass yard. Elegant intrerior with the crown molding, large tile flooring, and cozy fireplace. The kitchen has its own exit to the backyard. It has a large kitchen island with granite counter-tops and newer appliances. The cabinets have slides for easy access and use. Gorgeous wood details throughout the home. The owners suite has double sinks, separate tub and shower. Rv gate,2 car garage and beautiful curb appeal. No HOA Located near the P83 district.

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134 W Crimson Sky Court Casa Grande, AZ 85122

$640,000

3 Beds

2 Baths

2,132 SqFt

Status Active

MLS # 6743294

Property Type Single Family Residence

Price Type --

Exquisite, updated Coyote Ranch home on .38 acre with side entry 3 car garage, sparkling pool, plus Casita with bathroom and heat/cooling. Expansive chef's kitchen with upscale appliances. Great room with a gas fireplace. Split primary suite for owner privacy. Drive thru gate with RV storage slab with full hookups. Outdoor kitchen, fire-pit, citrus trees. An easement along the north lot line ensures no structures behind. Beautifully decorated and maintained.

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