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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16959 W Diana Avenue Waddell, AZ 85355

$599,000 - 4Br/3Ba -  for Sale in Northern Farms, Waddell
New
$599,000
4 Beds
3 Baths
3,017 SqFt
Status Active
MLS # 6760984
Property Type Single Family Residence
Price Type --
Within 10 minutes of shopping centers, entertainment, restaurants, and the Luke AFB main gate, this less than 2-year-old home is clothed in upgrades, from the completed backyard to the decorative touches, it offers the perfect combination of a new build and a home seasoned with upgrades. Complete with Reverse Osmosis at the kitchen sink, a whole house water filter, a whole house water softener, a whole house air purification system, and smart home features - including security, garage door opener, door locks, and A/C controls - this incredibly spacious home is ready for move-in. The chef's kitchen is the focal point of the home, upgraded with a double oven, a stand-alone cooktop, plenty of counter-top space, and an abundance of 42'' cabinetry. Owner is Real Estate Agent

915 E Cobble Stone Drive Queen Creek, AZ 85140

$599,000
3 Beds
3 Baths
2,186 SqFt
Status Active
MLS # 6716595
Property Type Townhouse
Price Type --
Start enjoying Encanterra today! This spacious resort home is situated on a premium homesite overlooking a walking trail and stunning mountain views. This home offers a bright and open floorplan with 3 bedrooms, 3 bath, den and spacious loft. Step inside and you'll find upgraded tile plank flooring. The kitchen has beautiful maple cabinets and gorgeous quartz countertops and custom backsplash. All the bathrooms are upgraded with tile surrounds and upgraded fixtures. The garage is spotless with an epoxy finish, R/O and soft water system. The home is situated on a premium homesite and steps away from La Casa as well as the new Algarve, adult pool and restaurant. The Resort collection at Encanterra is perfect for the seasonal resident or year-round homeowner!

10080 E Mountain View Lake Drive Unit 327 Scottsdale, AZ 85258

$599,000
2 Beds
2 Baths
1,152 SqFt
Status Active
MLS # 6749762
Property Type Apartment
Price Type --
Welcome to this Scottsdale Bay Club penthouse condo, recently renovated in 2024 with elegant quartz countertops, soft-close cabinets, sleek tile showers, and luxury vinyl flooring. This end unit offers privacy with no neighbors above and serene pool views from a private balcony. Enjoy direct access to the community pool, clubhouse, and gym. The gated community features a spa, fitness center, recreation room, Koi pond, and boat docks. Located next to Scottsdale Ranch Park, amenities include lighted tennis, racquetball, and sand volleyball courts, plus more. Close to Mercado Shopping Center and the 101 freeway.

673 W Minton Drive Tempe, AZ 85282

$599,000
4 Beds
2.5 Baths
2,187 SqFt
Status Active
MLS # 6757028
Property Type Single Family Residence
Price Type --
Location, updates, beautiful backyard, this is it! This home is situated in prime Tempe: close to ASU, the I-10, the 60, airport and minutes from Downtown. Aside from its perfect proximity to so much, the inside is completely turn-key and updated to today's aesthetic. All four bedrooms are located upstairs for privacy and keeping messes at bay. The downstairs is sprawling with ample amounts of space for living & entertaining. The backyard offers low maintenance turf next to the sparkling pebble tec pool. The RV gate provides easy access for all your motor toys. Under the $600 price point, you won't find anything else like it in this part of town.

13846 N 20th Street Phoenix, AZ 85022

$599,000
5 Beds
3 Baths
2,222 SqFt
Status Active
MLS # 6756152
Property Type Single Family Residence
Price Type --
Welcome to your ideal home nestled in a charming valley near North Mountain! This exquisite property boasts 5 spacious bedrooms and 3 full bathrooms, designed with your comfort in mind. Recent upgrades include brand-new air conditioners and ductwork, ensuring year-round climate control, and a modern roof for added peace of mind. Step outside to discover lush turf in both the front and back yards, complemented by a stunning pool perfect for relaxation and entertainment. Inside, you'll find an attractive interior adorned with warm, neutral colors that create a welcoming atmosphere. Located in a serene and desirable area, this home seamlessly blends modern amenities with picturesque surroundings. Don't miss the opportunity to make this beautiful house your forever home!

3862 E Narrowleaf Drive Gilbert, AZ 85298

$599,000
4 Beds
3 Baths
1,940 SqFt
Status Active
MLS # 6747524
Property Type Single Family Residence
Price Type --
This charming home, located in the highly sought-after Bridges at Gilbert, is brimming with character and ready for its next owner. Meticulously maintained and turn-key ready, this residence features an open-concept floor plan that seamlessly combines a spacious living area with upgraded plank tile flooring, soaring vaulted ceilings, granite countertops, and modern cabinetry. The generously sized primary bedroom, tucked away at the rear of the home, offers privacy and direct access to the backyard. A Jack and Jill bathroom serves an oversized secondary bedroom, providing convenience and functionality. The split and open floor plan enhances the home's cozy yet private atmosphere. The RO system and Water softener are owned and convey with the property. With professional low-maintenance landscaping, impressive curb appeal, practical updates, community amenities, and an unrivaled location, this property is the perfect place to call home.

618 E Cleveland Court San Tan Valley, AZ 85140

$599,000
5 Beds
4 Baths
4,141 SqFt
Status Active
MLS # 6748218
Property Type Single Family Residence
Price Type --
Beautiful house in the desired area of San Tan Valley/Queen Creek area. HUGE home with 5 bedrooms, 4 full baths, open-floor plan, big loft, large bedroom and full bathroom downstairs, oversized walk-in closet, 3-car garage, large RV gate with enough area for all your toys and storage and a huge backyard to relax. Just minutes away from HWY 60 and Hwy 24 for easy access to your job and the city. This community featuring lots of walking and biking paths, parks and volleyball court, entertainment and much, much more.

1392 W Munsee Drive Payson, AZ 85541

$599,000
3 Beds
2 Baths
1,743 SqFt
Status Active
MLS # 6750407
Property Type Single Family Residence
Price Type --
Discover your turnkey, fully furnished mountain escape in this exquisite 3-bed, 2-bath cabin, perched high in the hills of Geronimo Estates with million-dollar views of the Mogollon Rim. This majestic wood cabin is a perfect blend of seclusion and comfort, offering spectacular views from every direction. Enjoy the open-concept living space with large picture windows, a fully equipped kitchen, and a cozy living area. The nearly full-acre lot backs to Tonto National Forest, providing ultimate privacy and a true nature lover's paradise. Attention Investors: Over 80 5 STAR reviews on AirBNB, may qualify for DSCR Loan.

10604 W Country Club Trail Peoria, AZ 85383

$599,000
4 Beds
2.5 Baths
2,595 SqFt
Status Active Under Contract
MLS # 6734415
Property Type Single Family Residence
Price Type --
Imagine pulling up to your stunning newly remodeled home, nestled in the peaceful Alta Vista Estates community - and the best part? No HOA fees to worry about! Fresh exterior paint makes this house stand out, while the updated turf landscaping, blooming stone planters, and an inviting new paver patio welcome you even before you step inside. Open the door and be bathed in natural light streaming through the abundance of windows, beautifully accented by new wood blinds. Soft LED lighting sets the mood throughout your expansive living room, a blank canvas for creating your dream entertaining space. Luxury vinyl flooring runs throughout the main floor, providing both quiet comfort and a sleek, modern aesthetic. Prepare to be wowed by the chef's dream kitchen! Sparkling new quartz countertops grace every surface, including the custom island - perfect for creating a breakfast bar or entertaining area while you cook. Brand new, top-of-the-line stainless-steel appliances, including an induction range with a pot filler overhead, will make whipping up gourmet meals a breeze. Crisp white shaker cabinets, an upgraded sink, and a modern faucet complete the picture of culinary perfection. And for extra storage, a generously sized walk-in pantry ensures all your kitchen essentials stay organized and within reach. Head upstairs on plush new Berber carpet, sinking your feet into its luxurious softness. At the top landing, a vast loft space unfolds, offering a perfect secondary entertaining area or flexible work-from-home haven. Step into the primary suite and let the light wash over you. The fully modernized ensuite bathroom boasts a custom quartz vanity with his and hers sinks, perfectly complemented by stylish shaker cabinets. But the true showstopper is the walk-in glass shower, featuring captivating custom tilework designed to impress even the most discerning homeowner. Finally, a massive walk-in closet ensures a clutter-free haven for both partners. Three additional generously sized bedrooms offer ample space and closets for everyone to relax and unwind. A fully updated shared bathroom features another luxurious quartz-topped vanity and a beautifully tiled shower-tub combo. Venture outside to your private oasis. Emerald green turf creates a lush escape, while a billowing shade sail provides dappled comfort on the spacious new stone paver patio. The Low-maintenance gravel and new plantings that surround add a touch of nature. For those who enjoy their toys, there's more than enough space! The two-car garage with a built-in workbench is perfect for hobbyists or DIY enthusiasts. On the other side of the house, a large RV gate allows for easy access to the backyard and provides additional parking for larger vehicles or trailers. This Alta Vista Estates gem is perfectly situated for anyone with little ones too. Zuni Hills elementary school is less than a half-mile walk away, and Alta Vista Park provides a playground and green space just 5 minutes away. Dog lovers will appreciate the nearby Alta Vista Off-Leash Dog Park, perfect for canine companions to socialize. Welcome home to modern luxury, convenience, and a community feel - all without an HOA! This stunning property won't last long, come stop by today!

26248 S Flame Tree Drive Sun Lakes, AZ 85248

$599,000
3 Beds
2 Baths
1,971 SqFt
Status Active
MLS # 6753200
Property Type Single Family Residence
Price Type --
Fully remodeled alameda that is full of beautiful upgrades in the gated Palo Verde neighborhood of Sun Lakes. Sitting on a quiet corner lot, this home offers a partial view of the golf course. The kitchen features soft close shaker cabinets, center island, tiled backsplash, quartz countertops, SS appliances and a large butlers pantry. Luxury vinyl flooring and fresh interior paint throughout. Newly tiled wood burning fire place and 2 car garage. The primary bedroom has French doors to the backyard, large walk in closet, an en-suite bath with dual sink vanity, freestanding tub, and a tiled shower. All of this plus community amenities like: golf, tennis, pickleball, pools/spas, fitness center, clubs, and social activities!

3487 W Red Bird Court Tucson, AZ 85745

$599,000
4 Beds
2 Baths
2,017 SqFt
Status Active
MLS # 6714720
Property Type Single Family Residence
Price Type --
Experience unparalleled desert luxury in this exquisite 4-bedroom, 2-bathroom oasis, nestled in the serene foothills of Tucson's coveted Quail Ridge at Starr Pass. Surrounded by the opulent JW Marriott Starr Pass Resort, this home combines Southwestern charm with modern elegance, offering the ultimate desert retreat. The open-concept design boasts a spacious living room with soaring ceilings and a cozy fireplace, perfect for both relaxing and entertaining. The chef's kitchen features granite countertops, a ceiling-height backsplash, GE Café stainless steel appliances, and a top-of-the-line Viking range. The master suite is a sanctuary with a walk-in closet and a lavish ensuite bathroom, complete with dual sinks, a soaking tub, and a separate shower. Enjoy year-round comfort with a whole-house soft water system and reverse osmosis water filtration. The family room, with its stunning Pinon Stone fireplace, adds a touch of warmth and elegance. Step outside to your private backyard paradise, featuring a covered patio, built-in BBQ, and an electric extending patio shade to keep you cool while joying the patio. Revel in breathtaking views of the Tucson Mountains and mesmerizing desert sunsets. Exterior roll-down shutters provide added security and energy efficiency. This home also includes a two-car garage, a dedicated laundry room, and energy-efficient features throughout. Conveniently located near shopping, dining, schools, and recreational areas, with easy access to I-10. Embrace the Tucson lifestyle in this stunning desert haven schedule your viewing today and make this dream home yours!

6426 E Bambi Drive Mesa, AZ 85215

$599,000
3 Beds
3 Baths
1,845 SqFt
Status Active Under Contract
MLS # 6746092
Property Type Single Family Residence
Price Type --
Welcome to Paradise in Mesa - Luxurious single level home split dual master floor plan with 3rd bedroom. Kitchen boasts cultured stone countertops, stainless steel appliances, & attached dining area. Oasis backyard has inground pool with large rock water feature. Two RV gates: has plenty of room for all your toys with yard to spare for entertaining. Outdoor enthusiast haven: 10 min to salt river, mountain trails hiking, biking, off road vehicle, 20 min to Saguaro Lake for boating, kayaking while still being close to shopping.

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