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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20641 S 196th Street Queen Creek, AZ 85142

$625,000

4 Beds

2.5 Baths

2,596 SqFt

Status Active

MLS # 6745552

Property Type Single Family Residence

Price Type --

Step into elegance at this beautifully designed home featuring granite countertops, a gas cooktop, and sleek stainless steel appliances that make the kitchen a chef's dream. With a spacious formal dining room and a thoughtfully designed split floorplan, this home is perfect for both entertaining and everyday comfort. Located in the highly sought-after Villagio community, you'll enjoy easy access to the new Mansel Carter Oasis Park. Explore the nearby horse and walking trails that lead directly to the park, offering outdoor adventures right at your doorstep. Don't miss your chance to find your dream home in this vibrant community—experience everything Villagio has to offer!

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2809 E Via Estrella -- Phoenix, AZ 85028

$625,000

3 Beds

2 Baths

1,935 SqFt

Status Active

MLS # 6704744

Property Type Single Family Residence

Price Type --

Considering a move and looking for a sign? Consider this your sign! Enjoy this charming home located on a quiet cul-de-sac in sought after neighborhood. You will love the mountain views, renovated bathrooms, new carpeting throughout, new air conditioning unit and upgraded electrical panel. Enjoy the thoughtfully designed floor plan with dining room room that opens to the living room and the kitchen/family room combination with sliding glass door to covered patio overlooking the gorgeous pool and beautifully landscaped back yard. Easy access to HWY 51 and walking distance to the Phoenix Mountain Preserve.

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5100 E Rancho Paloma Drive Unit 2043 Cave Creek, AZ 85331

$625,000

2 Beds

2 Baths

2,074 SqFt

Status Active

MLS # 6707699

Property Type Townhouse

Price Type --

This beautiful condominium, built in 2022, boasts a spacious and airy open floor plan, designed for modern living. Enjoy breathtaking mountain views and attached 2 car garage. This beloved second home, has been lightly lived in, ensuring its great condition. Equipped with smart home technology, allowing you to manage your home remotely with ease. Control lighting, security, and other essential functions from anywhere, ensuring your home is always ready for your arrival. Enjoy ''The Good-Life'' in this wonderful pet-friendly community, with a fitness room, a heated pool and spa. The Office can be converted into a 3rd bedroom if needed. The furniture is negotiable and will be conveyed separately on bill of sale.

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912 W 11th Street Mesa, AZ 85201

$625,000

4 Beds

3 Baths

2,382 SqFt

Status Active

MLS # 6742745

Property Type Single Family Residence

Price Type --

Updated 4 Bedroom(2 primary suites), 3 full bathroom with many high dollar updates located in highly sought after Established Mesa Neighborhood. Newer roof (2016), 2020 HVAC, New Drain line through out home in 2023, New Primary Suite/Bathroom, Laundry and Huge Pantry addition in 2022, New Windows 2017. Kitchen with double ovens, granite counters, island, induction cooktop, bay window dining nook, custom built-ins open to family room with library area and stepdown into extended family room. All bathrooms updated. Split floorplan. Fenced diving pool with slide, Detached Garage, NO HOA. Large lot near the Mesa Country Club, Mesa Riverview shopping/dining, Riverview park and nestled directly between the Cubs/A's Spring Training.

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4061 E Carriage Way Gilbert, AZ 85297

$625,000

4 Beds

2.5 Baths

2,902 SqFt

Status Active

MLS # 6728060

Property Type Single Family Residence

Price Type --

Welcome to Power Ranch, one of the most desirable communities in Gilbert, Arizona! In the community of Power Ranch, you'll enjoy access to incredible community amenities, including 13 parks, walking trails, 2 fishing lakes, 2 pools, splash pads, playgrounds, tennis, softball, soccer fields, basketball & more! This location is ideal sitting in between Queen Creek Marketplace & The San Tan Mall. You're just minutes away from shopping, dining, & top-rated schools, making this the perfect place to call home. This exquisite 4 bedroom home, complete with an upstairs loft is full of natural light that accentuates the open floor plan & high ceilings. The home features two distinct living areas, providing plenty of room for everyone to relax & entertain. The kitchen has a gas stovetop, an island, upgraded countertops & matte black appliances. The spacious owner's suite is located downstairs & has views of the mountains out the window. The bathroom has a separate shower & soaking tub, double vanities, & a spacious walk in closet with a washer & dryer. Upstairs you'll discover 3 additional bedrooms, a full bathroom & a huge loft that has views of the golf course & mountains. Don't miss out on the opportunity to own an incredible house like this in Gilbert, Arizona. Welcome home!

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907 E Encinas Avenue Gilbert, AZ 85234

$625,000

5 Beds

3 Baths

2,699 SqFt

Status Active

MLS # 6696710

Property Type Single Family Residence

Price Type --

Rare basement home in the highly desired Circle G Meadows community. Just a few minutes from all of the attractions of downtown Gilbert. Close to FREESTONE PARK, shopping, restaurants and freeways. This beautiful BASEMENT home features a formal living room, open eat in kitchen with island and bay window with family room. The basement has two additional bedrooms, full bath, living room & fireplace. The backyard offers a private pool with covered patio area & a mature grapefruit producing tree. Homes in this desired area do not last long!

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7035 N 11th Way Phoenix, AZ 85020

$625,000

4 Beds

3 Baths

1,916 SqFt

Status Active

MLS # 6749287

Property Type Single Family Residence

Price Type --

This is your chance to own this gorgeous 4-bed, 3-bath home with an RV gate in Phoenix! Appealing interior is recently renewed, showcasing an inviting living room perfect for entertaining. Vaulted ceilings add to the airy feel, complemented by archways, wood flooring, fresh paint, ceiling fans, and dual pane windows. Upscale eat-in kitchen displays plenty of cabinets, SS appliances, recessed lighting, and granite counters. Large main retreat ensures a good rest, equipped with plush carpet, an exposed ceiling beam, and a pristine ensuite comprised of a floating vanity with dual sinks, an enclosed glass shower, and a walk-in closet. Relaxing backyard with a covered patio, fire pit, and above-ground spa has tons of space to host enjoyable weekend gatherings. Hurry! It's move-in ready!

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438 W Round Valley Road Payson, AZ 85541

$625,000

3 Beds

2 Baths

1,648 SqFt

Status Active

MLS # 6728075

Property Type Single Family Residence

Price Type --

Welcome home to country living on 1.2 acres, fully fenced and cross fenced, and ready for your pets big and small, horses too! The home has 3-bedrooms, 2 bathrooms, 1,648 SF of spacious living and a great room that has vaulted ceilings, a fireplace and atrium doors that open to the rear covered deck. The large kitchen, has a breakfast nook, a pantry, lots of storage with access to the garage through the laundry room. The primary bedroom en-suite has a walk-in-shower, walk-in closet and a generous linen closet. There's a 2-car garage and a 2-car carport and lots of off-street parking. This property has its own well, two large storage sheds (one with power) that could be used as a workshop. Off the rear covered deck is a gazebo and another large fenced in area for a garden. Close to... Tonto National Forest where you will find endless riding and hiking trails. Updates made in 2024 include: Roofing_3/2024, dryer, dishwasher, disposal, new carpet in primary bedroom and closet.

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417 N Olive -- Mesa, AZ 85203

$625,000

4 Beds

3 Baths

1,791 SqFt

Status Active

MLS # 6730937

Property Type Single Family Residence

Price Type --

Your brand new West Coast Farmhouse inspired home is waiting for you. Designer built, Designer finishes. This 1791 Sf, 4 bedroom, 3 bathroom home has a thoughtful open floor plan, and each room is conveniently wired for internet. The fully insulated detached 2 car garage sits on a 10,000 sf xeriscaped lot ready for all your toys. Conveniently located close to Main Street, Hohokam Stadium, Sloan Park, plus easy access to the 202.

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1873 E Mcnair Drive Tempe, AZ 85283

$625,000

4 Beds

2.5 Baths

2,138 SqFt

Status Active

MLS # 6663148

Property Type Single Family Residence

Price Type --

Amazing location in Tempe! Welcome home by Oasis Anozira lake subdivision, with community walking path around the nearby lake. This home features 4 bed. , 2.5 baths, Family room opens to the kitchen w/ island & dining area , Formal Living Room & Dining Room w/ Vaulted Ceiling , From Master Bed. you can exit to the beautiful, huge balcony & enjoy the outdoors. The Master bath features double sinks, separate shower, bath tub, toilet room & walking closet. Garage includes built in cabinets, front entrance with tile & lash landscaping, the extended back patio has newer ceiling, neutral tile, the walkway along the house. Enjoy the beautiful landscaped yard with large grassy area. House has new A/C (installed Jan. 2024) and great location, close to major freeway, shopping, dining..

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13332 W Palm Lane Goodyear, AZ 85395

$625,000

4 Beds

3 Baths

2,499 SqFt

Status Active

MLS # 6723936

Property Type Single Family Residence

Price Type --

Buyer did not perform - back on market! Seize the opportunity to own this fantastic 4-bedroom, 3 bath property awaiting its new owners with over $160,000 of receipts in upgrades. Featuring a 3-car garage, a low-care front yard with palm trees. Be greeted by the welcoming foyer that leads to the spacious living/dining room adorned with high ceilings, a designer's palette, and tile/wood-look flooring. The family room has an entertainment niche and direct backyard access. Kitchen is equipped with quartz counters, recessed lighting, rich wood shaker cabinetry, a pantry, a breakfast bar, and a breakfast room. The grand main suite highlights outdoor access, a full ensuite with dual sinks, and a walk-in closet. Retreat to the private backyard with a covered patio, a built-in BBQ... artificial turf, and a refreshing pool & spa.

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1540 W Straford Avenue Gilbert, AZ 85233

$625,000

4 Beds

2.5 Baths

2,518 SqFt

Status Active

MLS # 6718578

Property Type Single Family Residence

Price Type --

Step into this fantastic single-level home, ideally positioned next to a serene community greenbelt and nestled at the end of a cul-de-sac. Expanding across four spacious bedrooms, with an additional area flexibly designed to serve as a game room, fifth bedroom, or your dream home office, this home suits all your needs. Freshly painted interior invites you to personalize every corner, making it truly your own. The heart of the home, an open-concept kitchen features a generous island, and an abundance of cabinets it flows seamlessly into the living area complete with a fireplace. Gather in the formal dining room for meals or the eat in kitchen for a less formal option. The primary bedroom is an escape featuring a walk-in closet with great closet organizer and an en-suite that makes unwinding a must with a soaking tub and separate shower. This home offers a huge laundry room with ample storage and sink. Step outside to a backyard built for entertainers: covered patio, built-in barbecue, and just enough grass to tickle your toes. Conveniently located near the community pool, schools, parks, and shopping. Get ready to tick all your boxes here!

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