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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3055 N Red Mountain Unit 107 Mesa, AZ 85207

$599,000

3 Beds

2 Baths

1,571 SqFt

Status Active

MLS # 6759377

Property Type Single Family Residence

Price Type --

Welcome to your dream oasis in Las Sendas! This single-story home features 3 spacious bedrooms, 2 bathrooms, and a pool, all set against the beautiful desert landscape. Step inside to discover an inviting interior with soaring vaulted ceilings and elegant plantation shutters. The light-filled living room showcases an oversized sliding door that seamlessly connects to the outdoors, complemented by a cozy built-in electric fireplace—perfect for those cooler evenings. The eat-in kitchen offers crisp white cabinets, granite countertops, stainless steel appliances, and a convenient pantry. Retreat to the primary bedroom, where you'll find backyard access, stylish luxury vinyl plank flooring, a generous walk-in closet, and a private ensuite featuring dual sinks and (MORE) granite counters. Outside, you will find a private, low-maintenance backyard paradise with an extended patio and pergola, beautiful pavers, artificial turf, and a new sparkling pool, perffect for soaking up the sun and entertaining. As part of the Las Sendas Community, you'll have access to an array of fantastic amenities, including a heated pool and spa, splash pad, pickleball and tennis courts, hiking trails, playgrounds, a clubhouse, fitness center, and golf. You will love this home!

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4410 Noble Drive Wickenburg, AZ 85390

$599,000

2 Beds

2 Baths

1,588 SqFt

Status Active

MLS # 6757474

Property Type Single Family Residence

Price Type --

This beautifully designed home within the renowned Wickenburg Ranch community offers two bedrooms, two bathrooms, and an open floor plan that seamlessly connects the living spaces for a modern, airy feel. The living area flows effortlessly into a well-appointed kitchen, complete with ample cabinetry, sleek countertops, and a layout that's perfect for both casual meals and entertaining. The large sliding glass windows not only flood the home with natural light but also provide easy access to the outdoor living spaces, creating a perfect blend of indoor-outdoor living. Outside, this home truly shines. A beautifully landscaped yard frames a stunning pool, creating a serene oasis ideal for relaxation or entertaining. The covered patio, accessed through the large sliding glass doors, extends the living space outdoors, providing the perfect spot to enjoy a morning coffee or evening sunset. The charming covered front porch adds a welcoming touch, perfect for soaking in the tranquility of the desert surroundings. This home offers an unparalleled living experience, capturing the essence of refined desert living in one of Arizona's most sought-after communities.

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3507 E Lafayette Avenue Gilbert, AZ 85298

$599,000

3 Beds

2 Baths

1,750 SqFt

Status Active

MLS # 6741879

Property Type Single Family Residence

Price Type --

This home in Seville is simply outstanding! You will not find a more excellent or better value in Gilbert! Walk to nearby schools and play areas while enjoying mountain views. Custom features include a backyard oasis, a new pool, new landscape, and a gas BBQ. Mounted TVs in the LR and patio. Great room design, 18'' tile, Wood shutters on all windows, chef's kitchen with Bordeaux staggered maple cabinets, granite counter-tops, stainless steel appliances, gas oven/stove, walk-in pantry, kitchen island with seating, reverse osmosis and water softener, recessed can lighting, custom 2 tone paint, upgraded lighting/fans. The master bedroom has 2 closets and a large bathroom with 2 sinks & separate shower/tub. Other features include a new Shed and double gate. Must see to appreciate!!

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2888 W Presidio Drive Flagstaff, AZ 86001

$599,000

3 Beds

2.5 Baths

1,723 SqFt

Status Active Under Contract

MLS # 6756017

Property Type Townhouse

Price Type --

Priced for a quick sale! This absolutely stunning home in pristine condition is move-in ready, with the beautiful furnishings available on separate Bill of Sale. Short term rentals are permitted in the neighborhood. Spacious primary bedroom on the main level with 2 additional bedrooms upstairs. Custom lighting, gorgeous white 42'' cabinets, large kitchen island with apron sink, and so many more upgrades. This home is perfect for full-time living, seasonal escapes or short-term rental opportunities. Perfect blend of luxury, comfort and nature at the Presidio Enclave neighborhood with open area behind home. Nearby hiking trails, shopping, parks, close proximity to NAU and all that Flagstaff offers. Owner is an AZ licensed realtor.

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90 Ponderosa Drive Mormon Lake, AZ 86038

$599,000

3 Beds

2 Baths

1,120 SqFt

Status Active

MLS # 6721100

Property Type Single Family Residence

Price Type --

What an absolutely unbelievable one-of-a-kind, off-the-grid, three bedroom and two bath cabin in Stoneman Lake. Overlooking the lake and filled with character and charm, this is the perfect getaway in the perfect setting. On nearly an acre, you'll have the privacy you crave with views to die for. The expansive wraparound covered porch has plenty of room for entertaining with summer temperatures in the mid to low 80's. Inside, the main living area is centered around a cozy rock-faced wood fireplace. The kitchen has a beautiful antique replica stove that catches your eye the moment you walk in. Wood and vinyl plank flooring, metal roof, fruit trees, and the list goes on. Better yet, everything is included. Furniture, furnishings, bedding, towels, dishes, yard tools and all shed items too.

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116 S Arizona Avenue Prescott, AZ 86303

$599,000

3 Beds

2 Baths

1,320 SqFt

Status Active

MLS # 6739131

Property Type Single Family Residence

Price Type --

Your fully remodeled home in downtown Prescott awaits! Only a half mile from the court house square you will find this updated home boasting a new roof; all new windows; all new flooring; all new kitchen cabinets and granite counters; all new appliances; new heating and central air; fully remodeled bathrooms; new stucco exterior; and all new paint inside and outside. Ample off street parking combined with a detached 1 car garage would make this a great second home with endless rental possibilities due to being walking distance to the Courthouse Square; tennis courts, and soccer field across the street; and only 3 blocks from the famous Mt Vernon Street! Seller will contribute 4.25% towards interest rate buy down. This is a value over $25,000 - saving over $1,000 on the monthly payment!

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6345 E Red Oak Circle Hereford, AZ 85615

$599,000

3 Beds

2 Baths

2,384 SqFt

Status Active Under Contract

MLS # 6730192

Property Type Single Family Residence

Price Type --

Discover this stunning 2,384 sqft custom home on nearly 3 acres in the prestigious King's Ranch community. Meticulously maintained and only two years old, this home spares no detail. An oversized front porch welcomes you to an open floor plan that showcases a chef's kitchen featuring custom maple cabinetry, quartz countertops, a dual fuel slide-in gas range, a spacious single bowl composite sink, tile backsplash, RO system, and under-cabinet lighting. Custom light fixtures and window coverings enhance the home, complemented by wood-look tile and upgraded carpet throughout. The master suite offers a luxurious retreat with a large custom walk-in shower, ample countertop space, and two linen closets. The exquisite landscaping in both the front and back complete this exceptional property.

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4068 Apache Drive Happy Jack, AZ 86024

$599,000

3 Beds

2 Baths

1,776 SqFt

Status Active

MLS # 6690523

Property Type Single Family Residence

Price Type --

Horse lovers this is the property for you. Home has been set up with horse corral, lean too, tack shed and dog or goat area. This is a beautiful piece of property with great trees, shade and peace and quiet. Great 3 bedroom/2 bath with detached 2 car garage as well as a new Tuff shed for tack shed or storage building. Comes complete with MOST furniture/furnishings ask LA for details, Pack your food and clothes and head to Heaven in the mountains. Sit on your deck and enjoy the peace or hop on your horse or in the side by side and head to the forest for a ride. Great room has a gas fireplace as well as a wood stove so never go without heat,. Home has new roof, and new mini splits air/heat. Move in ready. If buyer does not have horses seller will remove corral fencing. Bring your buyers to check it out.

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2511 W Queen Creek Road Unit 425 Chandler, AZ 85248

$599,000

3 Beds

3 Baths

1,584 SqFt

Status Active

MLS # 6755740

Property Type Apartment

Price Type --

Experience true luxury living in this stunning 2-bedroom, 3-bathroom loft-style residence located in the prestigious Cays Downtown. Boasting one of the best floor plans in the entire subdivision, this spacious and stylish home offers an open, modern layout with soaring ceilings, abundant natural light, and high-end finishes throughout. Loft used as 3rd room with murphy bed. Each bedroom features its own en-suite bathroom for ultimate privacy and comfort, while the third bathroom provides added convenience for guests. The sleek, contemporary design complements the vibrant downtown lifestyle, with easy access to upscale dining, shopping, and entertainment. Whether you're relaxing in the expansive living spaces or enjoying the urban energy of downtown, this home is the perfect blend of sophistication and convenience. Don't miss your chance to live in one of the most sought-after addresses at The Cays Downtown!

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6849 E Osborn Road Scottsdale, AZ 85251

$599,000

3 Beds

2.5 Baths

1,496 SqFt

Status Active

MLS # 6758423

Property Type Townhouse

Price Type --

Prime location close to Old Town Scottsdale! Beautifully renovated modern townhouse that is within walking distance to renowned restaurants, Spring Training venues & vibrant nightlife. Spacious 3 bed 2.5 bath 1,496 sq ft unit that comes furnished with ample parking and the convenience of a lock-and-leave lifestyle. With no rental restrictions, this property is a versatile gem. Kitchen includes white shaker cabinets, quartz counter tops & a pantry. Wood-like tile throughout. Primary suite is over-sized & includes a walk-in closet & a barn door that opens to the modern primary bathroom. Spacious patio and more.

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23086 E Thornton Road Queen Creek, AZ 85142

$599,000

5 Beds

3 Baths

2,116 SqFt

Status Active

MLS # 6744050

Property Type Single Family Residence

Price Type --

Rare 5-bedroom home in Barney Farms is like brand new, built in 2021. Enjoy this premier community in a resort setting, with a deep-water lake at the heart of it all. The community center inspires a healthy active lifestyle with an aquatic center, pickle ball courts, sand volleyball, and numerous parks, playgrounds, and trails to enjoy. This home has a fun putting green in the backyard for more laid-back leisure and a cozy back patio. The front room comes complete with a built-in Murphy bed and shelves to make a perfect office / guest bedroom. A ''collar-controlled'' smart doggie door provides security and convenience for the little loved ones. The best part is a split floorplan perfect for multi-generational living or working at home. You'll love this new home!

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35134 N Laredo Drive San Tan Valley, AZ 85144

$599,000

4 Beds

2.5 Baths

2,535 SqFt

Status Active

MLS # 6744645

Property Type Single Family Residence

Price Type --

Discover your oasis in this private, spacious home on a premium cul-de-sac lot with no neighbor right behind! The home features a split floor plan & walk-in closets in all bedrooms. Amazing pebble tech pool includes a baja step and rock waterfall. The gourmet kitchen features double ovens, 5 flat top burners, granite counter tops, kitchen island, stainless steel appliances and butler pantry. Smart home for lights, garage door, nest, doorbell, light switches, irrigation and cameras throughout. 10' RV gate, electric car charger outlet, epoxy garage floors, fresh paint in 2023 and so much more. Community perks include playgrounds, basketball, tennis, & sand volleyball courts, and green belts. Nearby are Banner Ironwood Hospital, Queen Creek Olive Mill, and San Tan Park for hiking.

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