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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4976 S Harvest Court Gilbert, AZ 85298

$620,000

2 Beds

2.5 Baths

2,231 SqFt

Status Active Under Contract

MLS # 6652444

Property Type Single Family Residence

Price Type --

Discover the epitome of retirement living in this gated community gem! With a brand new roof ensuring worry-free days ahead, this home boasts an oversized lot and a fenced backyard, offering ample space for relaxation and outdoor enjoyment. Residents here enjoy access to a host of amenities, including pickleball, tennis, and golf facilities, perfect for staying active and socializing with neighbors. Inside, you'll find comfort and style in every corner, with a layout designed for both ease of living and entertaining. New roof recently installed. Don't miss your chance to experience the best of retirement living.

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4020 N Scottsdale Road Unit 2010 Scottsdale, AZ 85251

$619,999

1 Bed

1 Bath

937 SqFt

Status Active

MLS # 6679065

Property Type Apartment

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Boutique building right in the heart of Old Town Scottsdale. This contemporary loft style studio has stainless steel appliances, concrete countertops, floor to ceiling windows, tastefully updated bathroom and with views of Camelback mountain from the patio. The location of this 21 unit building offers endless options of fine dinning, shopping and recreational activities. Its not often units come for sale here at 4020 Lofts, so act now!

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5133 E Juana Court Cave Creek, AZ 85331

$619,999

3 Beds

2.5 Baths

1,944 SqFt

Status Active Under Contract

MLS # 6751611

Property Type Single Family Residence

Price Type --

Pride of ownership with this property. Home improvements are as follows: New Trane AC system & Nest Thermostat in 2022. New carpet and interior paint in 2022. New LVP in upstairs Living space and both baths in 2022. New dishwasher and disposal in 2023. New Samsung Washer & Dryer in 2023. All cabinets refinished in 2022. All commodes replaced in 2023. New garage door and opener in 2023. Private Cul-De-Sac location with real hardwood floors in Living room, Family room & Dining room. Tile in kitchen & entry. Stainless appliances. Spacious master suite with dual sinks & separate tub and shower. Large Loft. Water softener. Privacy in backyard. This home shows well.

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25031 S Desert Flower Court Sun Lakes, AZ 85248

$619,999

2 Beds

2 Baths

1,883 SqFt

Status Active

MLS # 6750998

Property Type Single Family Residence

Price Type --

LOVELY residence in the private, GATED COMMUNITY of Oakwood. FIRST IMPRESSEIONS wrought iron front door greets you as you step into this REMODELED beauty! Gorgeous high-end STONECREEK, soft close, DOVETAIL kitchen cabinets w/GLASS doors, STUNNING QUARTZ countertops, sleek SUBWAY TILE backsplash & PORCELAIN APRON FARM sink. Tons of NATURAL light & PLANTATION SHUTTERS, neutral paint, spacious primary bdrm, lovely walk-in shower w/PEBBLE STONE accents & CUSTOM vanity cabinets. Hall bath also tastefully UPDATED! Huge laundry rm w/tons of storage & countertops. Private backyard w/LUSH landscape & real grass! PAVERED walkway & driveway. NEWER HVAC 2018, newer EXTERIOR paint 2022, newer water heater & patio ROOF 2023. This 40 & over ACTIVE ADULT community has tons of AMENITIES,clubs, events!

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18805 W Oregon Avenue Litchfield Park, AZ 85340

$619,999

6 Beds

4 Baths

3,159 SqFt

Status Active

MLS # 6730177

Property Type Single Family Residence

Price Type --

**Price Reduced and Move in Ready!** This stunning 6-bedroom, 4-bathroom home offers luxury and sustainability in a fast-growing, beautiful community close to shopping centers. Equipped with advanced solar panels and storage banks, the home ensures energy efficiency and significant savings on utility bills. The ozone pool provides a healthier, chemical-free swimming experience. With six large bedrooms and four modern bathrooms, there's ample space for family and guests. The backyard features a beautiful pool and plenty of space for entertaining. Inside, you'll find a contemporary kitchen, open-plan living areas, with primary and guest bedroom downstairs. This home combines space, sustainability, and convenience. See this home today!

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1212 E Indianola Avenue Phoenix, AZ 85014

Open House

$619,999

4 Beds

2 Baths

1,738 SqFt

Status Active

MLS # 6675839

Property Type Single Family Residence

Price Type --

Welcome to this well-built 1950s mid-century modern with a total 2023 remodel from top to bottom. Upgrades include a new roof, new electrical panel, dual pane windows, energy efficient HVAC, all new flooring, fully upgraded kitchen with huge island and quartz countertops, all new appliances, newly renovated bathrooms, paver patio, sidewalk and driveway, tankless water heater, irrigation system. En suite bathroom in the master bedroom with a walk-in closet, 3 additional large bedrooms, as well as a bonus room/home office. Step out into privacy in your fully fenced backyard with a beautiful patio to enjoy the Arizona sunshine! Located in the heart of Central Phoenix minutes from downtown, Arcadia/Biltmore and highway 51. This is truly the perfect location for all you want to d

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4812 W Stargazer Place Laveen, AZ 85339

$619,995

4 Beds

3.5 Baths

2,840 SqFt

Status Active

MLS # 6691873

Property Type Single Family Residence

Price Type --

The Darius plan provides a sophisticated and accommodating single-story layout. In addition to a lavish primary suite boasting a generous walk-in closet and a private deluxe bath with oversized walk in shower, this dynamic home includes an impressive guest suite with a living room—perfect for multi-generational living. You'll also enjoy a spacious great room with an adjacent covered patio and a well-appointed gourmet kitchen offering a center island and a walk-in pantry shaker cabinets and quartz counters. This plan will also be built with either a study.

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21783 E Roundup Way Queen Creek, AZ 85142

Open House

$619,995

3 Beds

2.5 Baths

2,510 SqFt

Status Active

MLS # 6666441

Property Type Single Family Residence

Price Type --

Welcome to this stunning three-bedroom, 2.5-bathroom home that exudes elegance and functionality! Step inside to discover a teen room, study, and a three-car garage, providing ample space for all your needs. This home offers a desirable north-south exposure and a paver driveway, adding to its curb appeal. The kitchen is a chef's delight with 42-inch regal white kitchen uppers, quartz countertops, an oversize island, and upgraded stainless steel appliances including a professional gas range. The contemporary interior design features a 6 x 35 wood tile throughout, creating a seamless and stylish look. Unwind in the primary bath's tile walk-in shower or enjoy the convenience of a kitchen pantry for storage. The upgraded paint package in agreeable gray adds a touch of sophistication! Located conveniently near Highway 24, this home is also close to dining, entertainment, and shopping options, making it a prime location for a vibrant lifestyle. Don't miss out on the opportunity to own this gorgeous home, experience luxury living at its finest!

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21726 E Lords Way Queen Creek, AZ 85142

Open House

$619,995

3 Beds

2.5 Baths

2,390 SqFt

Status Active

MLS # 6702133

Property Type Single Family Residence

Price Type --

Introducing this exquisite home featuring the interior Bermuda Linen collection features timeless 42'' white regal upper cabinetry in the kitchen perfectly complements the sleek blanco maple quartz kitchen countertops & island, making it a chef's dream. The kitchen is adorned with a subway tile backsplash, wood laminate flooring throughout the main living areas, tile in the baths. Enjoy the gourmet kitchen's built-in single oven and microwave, gas cooktop stove, and stove-pipe pyramid stainless steel vented hood. With 10-foot ceilings, this home feels open, airy, and full of natural light. The three bedrooms, 2.5 baths, study & 3-car split garage provides ample space for comfortable living. This move-in ready gem offers a north-south exposure, ideal for enjoying bright and sunny days! With amenities like a tankless water heater for efficiency and a charming paver driveway, this home harmoniously blends convenience and sophistication.

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21881 E Saddle Court Queen Creek, AZ 85142

$619,995

3 Beds

2.5 Baths

2,500 SqFt

Status Active

MLS # 6731553

Property Type Single Family Residence

Price Type --

The single-story Cassandra plan showcases an open layout with a great room with a multi-sliding glass door, a breakfast nook, a large gourmet kitchen and a 2-car garage. The primary suite is adjacent, and boasts a generous walk-in closet and an attached bath with a large walk-in shower. Two additional bedrooms flank a full bath, and the nearby study.

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11239 N Luckenbach Street Surprise, AZ 85388

$619,995

3 Beds

2.5 Baths

1,862 SqFt

Status Active

MLS # 6748446

Property Type Single Family Residence

Price Type --

One of our newest plans at Sterling Grove now has a Move in Ready Home available! This Bluemont is a 3 bedroom plus den, with home. This home boasts an amazing Kitchen with beautiful cabinetry, SS Gourmet Kitchen-Aid appliance package. Prepping meals is a breeze with the large center island and ample counter space. The open-concept great room is the perfect atmosphere for entertaining, with connectivity to the dining area and expansive views of the outdoor living space. The first-floor primary bedroom suite features a lavish bathroom and huge walk-in closet. Convenient everyday entry equipped with a large laundry room and powder room helps with the daily routine. Discover what luxury living truly means and come see this beautiful home.

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21816 E Saddle Court Queen Creek, AZ 85142

$619,995

3 Beds

2.5 Baths

2,500 SqFt

Status Active

MLS # 6708893

Property Type Single Family Residence

Price Type --

The single-story Cassandra plan showcases an open layout with a multi-sliding glass door in the great room, cozy breakfast nook, a large gourmet kitchen and a 2-car garage. The primary suite is adjacent, and boasts a generous walk-in closet and an attached bath with a large walk-in shower. Two additional bedrooms flank a full bath, and the nearby study.

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