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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6069 E Knolls Way Cave Creek, AZ 85331

$625,000

2 Beds

2.5 Baths

1,516 SqFt

Status Active

MLS # 6757997

Property Type Townhouse

Price Type --

You won't want to miss this beautifully remodeled gem in Cave Creek's most desired area! Displaying a delightful curb appeal with a 2-car garage and a desert landscape. High ceilings, plantation shutters, tile flooring in high-traffic areas, soft carpet in all the right places, & a sun-filled living/dining room are features that can't be left unsaid. Immaculate kitchen showcases recessed lighting, white shaker cabinets, gleaming granite counters, mosaic tile backsplash, and sparkling SS appliances. Primary bedroom offers plush carpet, a sitting area w/a bay window, & a pristine ensuite w/sliding barn doors, dual sinks, & a walk-in closet. Another main bedroom enjoys a private bathroom w/sliding barn door. The 2-car garage boasts upscale epoxy flooring (2020) & updated garage door (2022)

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31006 W 213th Lane Wittmann, AZ 85361

$625,000

3 Beds

2.5 Baths

2,100 SqFt

Status Active

MLS # 6727483

Property Type Single Family Residence

Price Type --

UNDER CONSTRUCTION - You don't want to miss this turnkey single-level home offering a 3-car Tandum and a Full RV Garage! Get an up-close look to discover a captivating open floor design filled with bountiful natural light, high ceilings, lovely flooring, soothing palette, recessed lighting, a cozy fireplace, and sliding glass doors to the patio. Prepare gourmet meals in the impeccable kitchen boasting shaker cabinetry with crown molding, beautiful counters, a convenient pantry, and a large island w/a breakfast bar. Owner's suite is a true retreat, providing a private bathroom and a sizable walk-in closet. The secondary bedroom enjoys a walk-in closet too. Sit back & relax under the covered patio while drinking your favorite drink! Contract now and put your personal touch on your new home!

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488 S Soho Lane Unit 4 Chandler, AZ 85225

$625,000

4 Beds

3.5 Baths

2,093 SqFt

Status Active

MLS # 6733788

Property Type Single Family Residence

Price Type --

Welcome to the epitome of luxury patio home living at Parkside Villas in Chandler, Arizona! Step into a world of elegance and comfort with our spacious floor plans boasting generous living areas and luxurious kitchens. With 9 foot ceilings on the main floor, natural light floods in, creating a bright and inviting ambiance perfect for any occasion. Choose from our 3 or 4 bedroom layouts, each featuring 3 ½ baths for optimal convenience. Our gourmet kitchens are the heart of the home, seamlessly opening to the family room, making entertaining a breeze. Indulge in upgraded cabinetry, sleek quartz countertops, and top-of-the-line stainless steel appliances throughout, elevating your culinary experience. Relax and unwind in your own private outdoor patio area, where cozy evenings await.

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31220 N 156th Street Scottsdale, AZ 85262

$625,000

3 Beds

2.5 Baths

2,078 SqFt

Status Active

MLS # 6552656

Property Type Single Family Residence

Price Type --

Property on WELL water! No need to worry about paying increased hauled water rates like other homes in the area. Permits in hand and ready to construct! Move-in in as little as 6-7 months and wake up every morning to breathtaking panoramic Mountain Views!!! All new homes around. Your BRAND NEW energy efficient three bedroom home on ONE ACRE has plenty of room to live the lifestyle you have always dreamed of. Buy NOW and select all your interiors from the builders included options or go custom. No HOA! This exclusive area is growing fast. Be one of the first to take pride in ownership in it! Reach out today to schedule a private walk of the property and meet the builder. Lots of upgrades included in the price! This beautiful new construction wont last long. Renderings are representation of elevation. Some options displayed in plan are available at an additional cost.

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44230 N 44th Lane Phoenix, AZ 85087

Open House

$625,000

3 Beds

2 Baths

1,695 SqFt

Status Active

MLS # 6756463

Property Type Single Family Residence

Price Type --

Experience breathtaking mountain views and enjoy a professionally landscaped yard with low-maintenance synthetic grass in back, perfectly complementing the brand-new saltwater pool with a reversible speed motor. This newly built Energy Star 2024 home is truly a rare find! Offering 2 spacious bedrooms, a versatile flex room, 2 bathrooms, and a 3-car tandem garage complete with a service door and overhead storage, this home is filled with upscale touches. The interior features stunning ceiling box beams, elegant tile flooring throughout, custom interior paint, and insulated walls for added soundproofing. The expansive laundry room includes a closet, storage racks, and a convenient wet sink. The open-concept floor plan showcases a gourmet kitchen with a stylish backsplash, gas stove, pendant-lit island with breakfast bar, wall ovens, quartz countertops, and a walk-in pantry that flows effortlessly into the dining and great room areas. A 4-panel glass patio door invites you to the covered outdoor patio for seamless indoor-outdoor living. The master suite offers luxury and comfort with custom built-in cabinetry, a barn door, an upgraded step-in shower, and a generously sized walk-in closet with extra shelving. Additional home features include a whole-house premium water filtration system, water softener, reverse osmosis system, ceiling fans, blinds, patio roller shades, and smart home technology including a smart thermostat. The backyard is perfect for entertaining, with a gas BBQ stub, pool safety features, self-closing patio doors, and a secured exterior gate, all enclosed by block and view fencing.

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4616 S 118th Drive Avondale, AZ 85323

$625,000

5 Beds

3.5 Baths

3,551 SqFt

Status Active

MLS # 6700716

Property Type Single Family Residence

Price Type --

Seller willing to pay $6,000 towards buyer's closing costs or RATE BUY DOWN! VA Buyers-Rates have you on the fence? We have a solution! This home has an ASSUMABLE VA MORTGAGE AT 2.75%. Call your agent for details on what your monthly LOW BLENDED payment would be. Welcome to Avondale's Alamar! Delight in this sweet community and all of its wonderful amenities, such as a sparkling lake, tennis courts, community pool and multiple park areas for the youngsters. Even better, in this community there's fantastic home available. Priced to sell, this gently lived in and spacious 2021 Taylor Morrison Turquoise floor plan is move in ready. Complete with 5 bedrooms/3.5 baths. Primary bedroom is on the first floor and has a comfortable ensuite. 2 large walk-in closets, and 2 vanities. Get ready in style! The heart of the home is a Gourmet Kitchen including beautiful White Quartz Counters, ''Natural Rye'' cabinets, gigantic island, built in oven, stainless steel hood, modern light fixtures, ample pantry space. Reverse Osmosis and Water softener included. Upgraded tile floors, an incredible amount living space with soaring ceilings, equipped with built in speakers in the living room, an open dining area, in addition to the formal dining room as well, excellent space for holiday gatherings, a perfect work from home den. Bring the Big Screen TV, because upstairs you'll find a light and bright loft that has plenty of space for relaxing and watching your favorite sports. A premium, extra-large & professionally landscaped yard with REAL grass, built in exterior fireplace and grill, incredible set up for entertaining. Patio also has built in speakers. Stunning Mountain Views. There is a K-8 Prep School within walking distance. Steps from the neighborhood park, the neighborhood is beautiful and full of lush landscaping. Solar panels for super low energy bills. 3 car tandem garage, store just about anything with the awesome amount of closet space throughout. It's a 10/10!

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1326 N Central Avenue Unit 413 Phoenix, AZ 85004

$625,000

2 Beds

2 Baths

1,491 SqFt

Status Active

MLS # 6756296

Property Type Apartment

Price Type --

Prepare to be blown away as you step inside this incredible, multi-level loft that encompasses a chic modern/industrial charm around every corner. Polished concrete floors, open-concept living, soaring ceilings and a bold black metal staircase are just a few of the standout features in this property. The living area includes a built-in Sonos system as well as a beautiful custom art piece that truly accentuates the space. The European style kitchen has Gaggenau stainless steel appliances (with a built-in grill) and sleek red cabinetry. The adjacent dining area, with its modern lighting from Crate and Barrel, offers expansive west-facing views—perfect for watching breathtaking sunsets. Just steps from the primary bedroom, you can find a private rooftop balcony with panoramic views of the city. Plenty of room to entertain or cozy up and watch the sun go down. This urban oasis is a rare find, offering unique design, modern finishes, and unforgettable sunsets.

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3256 S Emery Circle Mesa, AZ 85212

$625,000

4 Beds

2 Baths

2,162 SqFt

Status Active

MLS # 6753325

Property Type Single Family Residence

Price Type --

Discover your private desert oasis! This stunning home features a sparkling pool framed by a pergola, perfect for serene mornings or lively evening gatherings. Enjoy the tranquility of a quiet neighborhood with uninterrupted backyard views. Step inside to an open, airy layout filled with natural light. The spacious kitchen is perfect for entertaining, while the cozy living spaces invite relaxation. Retreat to the owner's suite, where luxury awaits with a huge soaking tub and a custom double shower, providing a spa-like experience in your own home. Imagine working from your, comfortable office or unwinding in the elegant family room, ideal for both quiet moments and fun.

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7034 W Irma Lane Glendale, AZ 85308

$625,000

4 Beds

2 Baths

2,114 SqFt

Status Active

MLS # 6743188

Property Type Single Family Residence

Price Type --

Your new home is here! One-story gem with brick accented façade, welcoming front porch, & 3-car garage w/cabinetry for extra storage. Beautiful interior featuring vaulted ceilings, gorgeous tile floors, & plantation shutters on every window. The great room & family room are perfect for entertainment! You'll love the media niche in the family room. New HVAC System installed few months ago! Cook like a chef in the kitchen equipped with SS appliances, honey oak cabinets, granite counters/backsplash, a pantry, & an island. The main bedroom has high ceilings, a double-door entrance, & an ensuite comprised of a dual sink vanity, a separate tub/shower, and a walk-in closet w/mirrored doors. Serene backyard is ideal for relaxing under the covered patio, shade tree, or grass area. Look no further! Both exterior and interior of the house painted this year. New washer and microwave. Park nearby, walking distance to elementary school and the sought after Mountain Ridge High School.

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22769 E Orion Way Queen Creek, AZ 85142

$625,000

4 Beds

3 Baths

2,635 SqFt

Status Active

MLS # 6727430

Property Type Single Family Residence

Price Type --

Wait for the Builder? No need with this upgraded ready to go beauty! 4 bedroom 3 bath home with tandem 3 car garage, finished backyard with artificial turf and great landscape. Home is highly upgraded and move in ready now! 12x8 sliding glass door that leads out to the extended covered patio. Pavers at drive, walk and entry, garage service door and an 8' garage door. Stainless steel gas appliance package with a 30'' cooktop/canopy hood. Tahoe Cherry slate cabinets through out with 42'' upper kitchen cabinets with 4-1/4'' crown. AZT Della Terra Quartz ''Linen-Off white'' quartz countertops. Upgrade floor includes Aura Cream 20x20 tile and Neutral color carpet. White Matte 4x12 ceramic tile at the shower/tub surrounds in owner's bath. Water softener and gas stub finish off the perfect home.

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6590 S Pewter Way Chandler, AZ 85249

$625,000

4 Beds

2.5 Baths

2,392 SqFt

Status Active

MLS # 6750006

Property Type Single Family Residence

Price Type --

Welcome to your dream home in the desirable Sun Grove Lake subdivision in Chandler! This stunning property features a low-maintenance front yard, an extended driveway, and a three-car garage. Step inside to discover a grand front room with beautiful wood floors, leading into an open-concept kitchen and family room—perfect for modern living. The downstairs office is complemented by a bonus area, ideal for crafting, extra work space, or any creative pursuit. With tile and wood floors throughout the main level and cozy carpet upstairs, this home offers comfort and style. Upstairs, you'll find the primary suite and three additional bedrooms. The modern remodeled primary bathroom boasts a walk-in shower with dual showerheads, a walk-in closet, and double sinks. The backyard is an entertainer's paradise, featuring a lush turf lawn, beautiful landscaping, a refreshing swimming pool with a waterfall, a covered patio, and an additional patio areaproviding ample space for outdoor gatherings. Located in the heart of Chandler, this home is within the excellent Chandler school district and offers easy access to all the amenities and attractions of both Chandler and Gilbert. Don't miss the opportunity to make this beautiful house your new home!

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4318 E Dennisport Avenue Gilbert, AZ 85295

$625,000

3 Beds

2.5 Baths

1,862 SqFt

Status Active Under Contract

MLS # 6752323

Property Type Single Family Residence

Price Type --

Welcome to this beautifully upgraded 3-bed, 2.5-bath home in Cooley Station! This home comes with upgraded options galore! With stone accents, artificial turf, and a paver driveway, the curb appeal is fantastic. Inside, you'll find an open layout with stylish fixtures, natural light, and wood-look tile flooring, paired with Berber carpet in the bedrooms. The gourmet kitchen boasts granite countertops, white cabinets, a pantry, a prep island with a breakfast bar, and high-end stainless steel appliances with a gas cooktop. The primary suite features a walk-in closet and an ensuite with dual sinks and a large shower. The backyard offers an extended paver-covered patio, perfect for entertaining. Tons of upgrades throughout—details in the documents section! Don't miss out on this gem!

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