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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7231 W Lone Cactus Drive Glendale, AZ 85308

$599,000

4 Beds

2 Baths

2,080 SqFt

Status Active

MLS # 6731707

Property Type Single Family Residence

Price Type --

**MOTIVATED SELLER** Submit your offer! This meticulously maintained 4-bed, 2-bath home in the desirable Sierra Verde neighborhood, within Arrowhead Ranch, is ready for you to make it your own. Spacious bedrooms and ideal for entertaining. The kitchen & family room create a central hub, & the formal living and dining areas offer a touch of elegance. Large backyard with lush mature trees & oversized grassy area, perfect for barbecues, games, or simply relaxing under the Arizona sky. This home boasts a recently replaced AC unit (2023) and a newer water heater, ensuring worry-free comfort. A+ Schools, lakes, walking paths, close to 101, golf, restaurants, shopping & sports complexes. Don't miss your chance to own this gem in a sought-after neighborhood!

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1947 E Pebble Beach Drive Tempe, AZ 85282

$599,000

3 Beds

2 Baths

1,902 SqFt

Status Active Under Contract

MLS # 6712576

Property Type Single Family Residence

Price Type --

Location location location. Take a look at this beautifully maintained home with NO HOA a POOL and SPA! Brand new AC unit, newly painted, Updated kitchen, upgraded windows, pebble tech pool, Plantation shutters the list goes on! Perfectly located near the 101 and the 60. This home is 10 minutes from downtown Tempe/ASU, 15 min from downtown Scottsdale. Come take a look!

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20941 E Reins Road Queen Creek, AZ 85142

$599,000

3 Beds

2.5 Baths

2,160 SqFt

Status Active Under Contract

MLS # 6719499

Property Type Single Family Residence

Price Type --

**Seller's willing to contribute up to $20,000 TOWARDS BUYER'S CLOSING COST AND OR BUY-DOWN INTEREST RATE With an accepted offer and successful COE.** Great Location!! Minutes from Costco and Queen Creek Marketplace! This fabulous residence is located in the popular Terravella Community! This 3-bedroom home offers a 3-car extended garage, paver driveway, and an inviting front porch to relax while sipping your morning coffee.Inside, you'll find a welcoming hallway leading to the large open floor plan graced with bountiful natural light, wood-look tile flooring, and custom plantation shutters throughout. Well-appointed kitchen boasts recessed & pendant lighting, a pantry, SS appliances, plenty of cabinetry, quartz counters, a prep island with a breakfast bar, and subway tile backsplash.

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21023 E Nightingale Road Queen Creek, AZ 85142

$599,000

5 Beds

2 Baths

2,422 SqFt

Status Active Under Contract

MLS # 6715213

Property Type Single Family Residence

Price Type --

Welcome to your dream home! This stunning 5-bedroom, 2-bathroom oasis is nestled on a spacious lot. Step into the epitome of modern living with an open concept design that seamlessly blends functionality with style. The heart of the home is the expansive living area, perfect for entertaining. Step into the kitchen and enjoy an abundance of cabinetry, ample counter space, and large kitchen island. Retreat to the luxurious master suite, complete with a private en-suite bathroom and ample closet space. Four additional bedrooms offer versatility for guests, home offices, or hobbies. Outside, the large lot provides endless possibilities for outdoor activities, from gardening to hosting BBQs. And with its proximity to shopping, dining, and entertainment options, everything you need is just moments away. Upgrades include, new windows, 2 new AC units with new duct work, newer hot water heater and so much more. Don't miss the chance to make this your forever home and experience the epitome of modern living!

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4721 N 24th Street Phoenix, AZ 85016

$599,000

3 Beds

2 Baths

1,265 SqFt

Status Active

MLS # 6672562

Property Type Single Family Residence

Price Type --

Prime Biltmore Location! Convenient access to work, dining, entertainment, and upscale shopping. Recently renovated, this property is located in one of Phoenix's most desirable neighborhoods, mere moments from Biltmore Fashion Park, AMC Theatres, and Lifetime gym. Situated on a corner lot, this single-story residence has an open layout, the interior showcases sleek polished concrete flooring, newly installed energy-efficient windows, modern LED lighting, and an expanded laundry area offering ample storage space. The kitchen has been entirely revamped, featuring quartz countertops, a striking waterfall accent, custom backsplash, new cabinets, and Frigidaire Professional appliances. Additional updates include plumbing, electrical systems, water heater, ceiling fans, and a new garage.

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19892 N Shadow Mountain Drive Surprise, AZ 85374

$599,000

2 Beds

2 Baths

1,850 SqFt

Status Active

MLS # 6686788

Property Type Single Family Residence

Price Type --

Situated On The 15th Green Of Desert Springs Golf Course, This Highly Updated Palo Verde Model Is Located In The Sought After Community Of Sun City Grand! This 1,850 Sq.Ft.Home Is Fully Fenced With Beautiful Mountain And Sunset Views! Preferred Split Bedrooms,2 Baths, Den/ With 2 Car Extended Garage. 12'' Neutral Tile Throughout! Plantation Shutters And New Ceiling Fans Throughout! New Granite Counters In Kitchen And Both Baths! Kitchen Breakfast Bar Has Been Lowered To An Updated Island! New Washer,Dryer And Water Heater! New Exterior/Interior Paint In Designer Colors. New Door Hardware And Faucets! Nothing Left To Do But Move In!

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5920 S Juniper Street Tempe, AZ 85283

$599,000

4 Beds

2 Baths

2,305 SqFt

Status Active

MLS # 6705594

Property Type Single Family Residence

Price Type --

Priced BELOW appraised value! This 4-bedroom, NO HOA home awaits you! Low-maintenance front yard, ample parking, and a cozy courtyard. Inside, enjoy bamboo flooring, a neutral palette and layered crown molding. The living room creates a relaxing atmosphere, while the great room features a warming fireplace for tranquil evenings. The kitchen is equipped with plentiful cabinets, stainless steel appliances and granite countertops. The main bedroom provides restful nights with a private bathroom featuring dual sinks. A spacious bonus room with a wet bar serves as a potential guest quarter. The large backyard boasts a covered patio, shed, play area and a diving pool. HVAC replaced in 2022!

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7430 E Coronado Road Scottsdale, AZ 85257

$599,000

3 Beds

2 Baths

1,344 SqFt

Status Active

MLS # 6707659

Property Type Single Family Residence

Price Type --

Located in the sought-after Old Town Scottsdale and near Tempe/ASU, this single level homes boasts tons of on-trend features catering to both comfort and functionality. Chef's eat-in kitchen has black granite counters, center island with breakfast bar, stainless appliances, gas cooktop, and a large bay window that brings in plenty of natural light. Other features include tile and wood laminate flooring, open great room with wood accent wall, and an attached garage. The Primary bedroom has en-suite bathroom with walk-in shower and granite vanity. The new 2021 AC unit ensures high efficiency for low energy costs! Double door exit to the North facing backyard with a green grass lawn, ally access gate, lush landscaping, and a paver patio.

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240 W Dorado Circle Litchfield Park, AZ 85340

$599,000

3 Beds

2.5 Baths

1,672 SqFt

Status Active

MLS # 6743546

Property Type Single Family Residence

Price Type --

Welcome to this beautifully remodeled 3-bedroom, 2.5-bath home in the highly sought-after neighborhood of Old Litchfield Park. This exceptional property offers NO HOA and is short-term rental friendly, making it an ideal choice for both homeowners and investors. The home features exquisite Spanish-inspired touches throughout, offering a unique blend of elegance and comfort. In 2024, the kitchen and bathrooms were fully remodeled with designer touches that elevate every space. The heart of the home is the spacious eat-in kitchen, perfect for family gatherings and entertaining. It boasts a walk-in pantry, a convenient pot-filler faucet over the stove, and ample space for all your culinary needs. Adjacent to the kitchen is a separate office, ideal for remote work or as a quiet study. The primary suite is a true retreat, featuring a remodeled bathroom with a large, luxurious shower that adds a touch of spa-like serenity. The living area is highlighted by a beautifully designed fireplace, creating a warm and inviting atmosphere. Step outside to discover two stunning new pergolas on both the front and back patios, perfect for outdoor dining and relaxation. The property also features a beautifully crafted designer side gate that enhances the home's curb appeal. The large diving pool offers a perfect oasis for relaxation and entertainment. This home has been maintained, with a newer flat roof, hot water heater, and pool pump all replaced in 2020, ensuring peace of mind for years to come. Located just a short walk from Stagg's Park, Litchfield's Lake, the Recreational Center, and the iconic Wigwam Resort, this home offers a perfect balance of luxury and convenience. Don't miss the opportunity to make this exceptional property your own!

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6812 W Firebird Drive Glendale, AZ 85308

$599,000

4 Beds

3 Baths

2,328 SqFt

Status Active

MLS # 6753607

Property Type Single Family Residence

Price Type --

Welcome to your dream home in the coveted Arrowhead Ranch - Sierra Verde community! This stunning property offers 4 bedrooms + 3 bathrooms, all situated on a desirable corner lot that ensures added privacy. Step inside, you'll be greeted by soaring vaulted ceilings + a well-designed N/S exposure that bathes the home in natural light. Beautiful luxury vinyl flooring throughout (no carpet). The chef's kitchen boasts updated cabinets, ample counter space, + an ideal layout for entertaining guests. The primary bedroom offers high ceilings + a luxurious ensuite bath w/ 2 walk-in closets, separate soaking tub/shower, + dual sinks. The backyard is a private oasis with an extended covered patio, mature trees, and a grassy area. Enjoy lakes, trails, parks, dining, and shopping just steps away!

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17962 W Banff Lane Surprise, AZ 85388

$599,000

4 Beds

2 Baths

2,706 SqFt

Status Active Under Contract

MLS # 6706377

Property Type Single Family Residence

Price Type --

Welcome to your dream home on a nearly 10K sq foot lot with over $25K of upgrades since 2022! Step into a spacious open layout with cathedral vaulted ceilings perfect for entertaining. The heart of this home is the gourmet kitchen, featuring granite countertops, stainless steel appliances, and ample cabinet and storage space. The backyard features a sparkling pool perfect for hot Arizona summer days, huge covered patio, multiple turf area, and wide variety of fruit trees including grapefruit, fig, orange, lemon, and lime. Keep your energy costs down with 2022 installed TRANE AC units and solar panels. All this along with an incredible location near parks, trails, shopping, and tons of restaurants, this house will meet all your needs.

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271 W Betsy Lane Gilbert, AZ 85233

$599,000

4 Beds

3 Baths

2,104 SqFt

Status Active Under Contract

MLS # 6739562

Property Type Single Family Residence

Price Type --

Welcome to this this beautifully remodeled 4-bedroom, 3-bathroom home which offers the perfect blend of elegance and comfort. Step inside to marble tile flooring that graces the entry, living room, and kitchen, with laminate flooring throughout the rest of the house. The kitchen features new cabinets and granite countertops, perfect for culinary enthusiasts. The bathrooms boast remodeled vanities and showers, adding a touch of luxury to your daily routine. Enjoy the Arizona sunshine in your private PebbleTec pool, surrounded by a lush landscape that includes various citrus trees including orange, tangelo, lemon, lime, guava, grapefruit, pomegranate and a unique curry leaf tree. The home also features a recently replaced AC unit, ensuring year-round comfort. Additional highlights include an extended 2-car garage, perfect for extra storage or a workshop. While the original roof adds character to this charming home, every other detail has been thoughtfully updated. Don't miss the opportunity to own this gem in the heart of Gilbert.

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