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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3212 E Bluebird Place Chandler, AZ 85286

$629,900

3 Beds

2 Baths

2,149 SqFt

Status Active

MLS # 6735393

Property Type Single Family Residence

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$629,900

4 Beds

2 Baths

1,703 SqFt

Status Active Under Contract

MLS # 6735197

Property Type Single Family Residence

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Stunning modern 4-bed, 2-bath home on a spacious corner lot in Tempe, 1 mile from ASU and Downtown. This beautifully updated property features a resort-style pool, perfect for relaxing or entertaining, two separate RV gates for extra storage, detached 2-car garage and the freedom of no HOA. Ideal for those seeking luxury and accessibility, and Airbnb rental potential, this home offers ample space and contemporary comforts in a prime location. New Pool 2021 and July 2024 Brand new TRANE AC unit with warranty. Don't miss out on this exceptional opportunity!

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6738 E Coronado Road Scottsdale, AZ 85257

$629,900

3 Beds

2 Baths

1,619 SqFt

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Property Type Single Family Residence

Price Type --

Must see this warm, welcoming home in Historic Village Grove, with no HOA! Plantation shutters & high ceilings give a warm, airy atmosphere. Family room offers easy access to the backyard, perfect for entertaining. Charming kitchen featuring oak wood cabinets, stainless steel appliances, a breakfast bar, and granite countertops. Main bedroom is open and bright. Fresh paint inside and out! Perfectly sized backyard with relaxing covered patio and refreshing diving pool. Mature shade trees out front, in desired neighborhood. Many nearby attractions: Desert Botanical Gardens, Papago Mountain, Phoenix Zoo, Spring Training, Fashion Square Mall, incredible golf courses, 5-star restaurants, parks, walking paths, hiking trails, and only 2.5 miles from Old Town Scottsdale's nightlife!

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$629,900

4 Beds

2 Baths

2,191 SqFt

Status Active

MLS # 6721052

Property Type Single Family Residence

Price Type --

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15029 W Minnezona Avenue Goodyear, AZ 85395

$629,500

4 Beds

2.5 Baths

3,368 SqFt

Status Active

MLS # 6755950

Property Type Single Family Residence

Price Type --

WOW. FULLY paid off and OWNED SOLAR and solar heated pool! HUGE SAVINGS! This LUXURY retreat home features countless upgrades: highly upgraded engineering wood flooring, mini-split A/C units in the garage, a Tesla charging station, and custom finishes at every turn!!! This exceptional home greets you with lush desert landscaping, creating a serene and inviting entrance. Once inside, you're welcomed by soaring ceilings that open up the space and create a bright, airy atmosphere. The seamless flow between the expansive living and family rooms is perfect for gatherings and entertaining, offering plenty of space for relaxation. The heart of the home is the chef's kitchen, designed to impress with granite countertops, a large center island, a convenient breakfast bar, and sleek black stainless sleek black stainless steel appliances. The 42'' cherry cabinets add a touch of elegance and provide ample storage. The first-floor master suite is a luxurious retreat, featuring real wood flooring that adds warmth and character. The remodeled bathroom boasts an oversized shower, creating a spa-like experience. Backyard is a true OASIS!! Outdoor living is equally impressive, highlighted by a grand 8'x6' stone fireplace, perfect for cozy evenings under the stars. Whether hosting or relaxing, this home offers both style and practicality for modern living. The 3 car garage is super spacious, every owner's dream!! This home is a MUST SEE!!

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11225 E Ocaso Avenue Mesa, AZ 85212

$629,500

3 Beds

2 Baths

1,910 SqFt

Status Active

MLS # 6727396

Property Type Single Family Residence

Price Type --

A must see, beautiful 2 bed, 2 bath residence with a den in Sunland Springs Village. Great curb appeal complete with front patio to enjoy the sunsets, artificial turf, and a 2.5 car garage with built-in cabinets. The home has a warm and inviting great room paired with large dining areas, tall ceilings, tile floorings, and lots of natural light. You'll love the gourmet kitchen boasting stainless steel appliances, granite counters, staggered modern white cabinets, a pantry, recessed lighting, and an island with a breakfast bar. Spacious primary bedroom has an ensuite with dual sinks & a walk-in closet. Spare bedroom with double-door entry can be used an office as well. Cozy backyard offering a covered patio with extended pavers ready for you to enjoy and entertain.

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15221 N Clubgate Drive Unit 1031 Scottsdale, AZ 85254

$629,500

2 Beds

2 Baths

1,401 SqFt

Status Active

MLS # 6676920

Property Type Apartment

Price Type --

This meticulously designed 2-bedroom condo in Kierland Greens offers a blend of elegance and comfort, from the captivating wood-like tiled floors to the luxurious primary suite. The unit was just recently painted inside, with new light fixtures as well as new carpet in the bedrooms. This bottom floor corner unit epitomizes luxury living with its attention to detail and sophisticated design elements, making it a desirable space for relaxation and entertaining. The convenient location offers access to a plethora of dining and shopping options, situated near the Kierland Golf Club, Kierland Commons, and Scottsdale Quarter, making it an ideal choice for those seeking a vibrant and dynamic lifestyle.

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10218 S Bickwell Trail Apache Junction, AZ 85120

$629,376

5 Beds

4 Baths

3,099 SqFt

Status Active

MLS # 6748871

Property Type Single Family Residence

Price Type --

Discover the exceptional difference in your home-buying experience! Welcome to Laurel at Blossom Rock, where our 2-story Ponderosa design is under construction now. Imagine an open-concept floor plan featuring a warm and welcoming kitchen that flows into a bright, airy great room. This space opens up to your private, covered outdoor room - perfect for relaxing or entertaining. Convenience of the 2-car garage that leads directly into the drop zone, making organization a breeze. With 5 spacious bedrooms including Multi-Gen Suite, 4 luxurious baths, a great room with a dining area, and a flexible office space, this home has everything! Plus, we're including $58,000 in stunning upgrades to make this home truly special, and we're offering special financing to help!

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3267 Huckleberry Way Wickenburg, AZ 85390

New

$629,000

2 Beds

2 Baths

1,700 SqFt

Status Active

MLS # 6759265

Property Type Single Family Residence

Price Type --

Magnificent view of 13th Green on the Championship Course! Step thru the front door into this highly upgraded Beacon Floor Plan. From tile throughout the home to the stunning kitchen granite counters this home has everything. SS appliances, large center island, pull out shelving for the soft close cabinet doors, elegant pendant lights for entertaining guests. Primary w/same granite counters, dual sinks & Walk-in closet. Great room with multi-sliding glass door leads you out to the amazing extended patio and views. This floor plan comes with a separate Den and Guest Suite w/Hall Bathroom. Stop by today to make this once in a lifetime your next home!

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2401 W Cheery Lynn Road Phoenix, AZ 85015

$629,000

3 Beds

2 Baths

2,388 SqFt

Status Active

MLS # 6750173

Property Type Single Family Residence

Price Type --

Welcome to a diamond in Central Phoenix. Rare, expansive square footage in this area of Phoenix at 2388 sf, in this classic 3 bd 2 ba beauty. New AC Unit, hot water heater and kitchen appliances and tastefully updated throughout the home. Let your imagination run wild with this oversized over 13,000 sf corner lot that has been enclosed with privacy Ficus trees to start the creation of your backyard oasis. Close to great midtown dining and shopping and freeway accessibility. You won't want to miss this one of a kind property.

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17656 E Chevelon Canyon Circle Rio Verde, AZ 85263

$629,000

2 Beds

2 Baths

1,343 SqFt

Status Active

MLS # 6748886

Property Type Townhouse

Price Type --

Come join the resort lifestyle living of Trilogy at Verde River in this upgraded Muros plan home! This two bed/2bath/2 car garage boasts an easy flowing and open floor plan for amazing indoor /outdoor living. Nestled on a quiet cul-de-sac street with stunning back yard views of the Mazatzal Mountain range of Tonto National Forest. A wide open desert arroyo with sounds of native song birds, provides even more back yard privacy. Enjoy this Trilogy community lifestyle complete with beach entry resort pool , separate lap pool, private adult hot tub area, Eddies bar by the pool, Alvea an onsite full service spa, Needle Rock Kitchen and Tap, offering delicious entrees and views to wow and so much more! check out online, Trilogy at Verde River to discover more good reasons to live here!

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24686 N 175th Avenue Surprise, AZ 85387

New

$629,000

3 Beds

3 Baths

2,192 SqFt

Status Active

MLS # 6759841

Property Type Single Family Residence

Price Type --

Discover your dream home—better than new and meticulously upgraded with $125,000 in enhancements! Enjoy the luxury of a move-in-ready space, sparing you the time and stress of renovations. The open-concept design offers seamless flow, ideal for entertaining or family gatherings. The modern gourmet kitchen, featuring a gas cooktop and large island, is perfect for culinary adventures. Step outside to your backyard oasis, complete with a sparkling pool, cozy firepit area, and stylish pergola—all elegantly finished with travertine tile. With every detail already addressed, you can focus on making memories instead of managing projects. This turnkey property allows you to start living your dream lifestyle immediately.

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