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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7084 W Jasper Drive Chandler, AZ 85226

$595,000

3 Beds

3.5 Baths

2,015 SqFt

Status Active

MLS # 6755604

Property Type Single Family Residence

Price Type --

Don't miss out on this beautifully upgraded home in the community of Rhythm. This privately gated community features a wonderful central amenity complete with large resort-style swimming pool, kids pool, spa, shade structures, TVs, firepits, sports courts, dog park, and workout facility. You will feel right at home as you enter this pristine 3-story loft-style home with 3 bedrooms (3rd bedroom utilized as a den-no door/closet), and 3.5 baths. The kitchen features honed quartz countertops, upgraded stainless steel appliances including gas range, white cabinetry with crown molding, large island for family gatherings and extra prep space. Enjoy outdoor living with a private patio plus large balconies off the great room and primary bedroom. Your primary suite offers dual vanities a large walk-in shower and loads of natural light. This home is centrally located with easy access to the I-10 and 202 Freeways, just a stone's throw away from Casa Paloma shopping center, numerous restaurants, schools, and a short drive to Chandler Fashion Center. With a full-price offer, the seller will credit $10,000.00 to buyers to add a door and/or closet to the downstairs bedroom/den.

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4550 E Corral Road Phoenix, AZ 85044

$595,000

3 Beds

2 Baths

1,796 SqFt

Status Active

MLS # 6742076

Property Type Single Family Residence

Price Type --

Why drive to your next hike? Live nestled among the 16,000 acres of South Mountain Park (trailhead access around corner). Homes seldom come to market in this neighborhood, especially a single story, Great Room concept one. Enjoy engineered hardwood floors through out most of the house & brand new carpet in the secondary bedrooms. Dual pane windows make summer a whole lot easier to handle. Once we cool off, the two-way wood burning fireplace gives your nest an ambience you never knew you ''needed.'' Outside, the front courtyard is the perfect party patio. Use the Tuff Shed for extra storage or hobbies. With electiricity & a loft the possbilties are endless! There's no HOA. Parking an RV or boat on your concrete slab space is A-ok here. A nest perfect for those who love the great outdoors!

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39515 N Prairie Lane Anthem, AZ 85086

$595,000

5 Beds

3 Baths

2,168 SqFt

Status Active

MLS # 6759831

Property Type Single Family Residence

Price Type --

This beautifully updated home boasts an open, inviting, great-room floor plan with 5 bedrooms and 3 full baths, blending modern style with practical living. The main floor offers a spacious primary bedroom and a convenient second bedroom with a full bath, perfect for guests or a home office. High ceilings create an airy feel, while porcelain tile flooring on the main level adds elegance and durability. The home has been thoughtfully updated with newer LED lighting, blinds, and sleek nickel hardware. The kitchen is a chef's dream, featuring maple cabinets, stainless steel GE appliances, a nickel faucet, granite countertops, and a stylish tiled backsplash. Its seamless connection to the great room makes it ideal for family gatherings or entertaining friends [cont]... ...Situated on a private north/south-facing lot, this home enjoys one of the largest yards in the neighborhood. Step outside to your backyard retreat, complete with a covered patio, a heated pool with an in-floor cleaning system, and a resurfaced pool deck (2022). This serene space is perfect for unwinding or hosting memorable summer parties. Anthem is a beautiful community that provides a variety of amenities, including a spacious park, and hosts numerous events for families to enjoy. The neighborhood is filled with plentiful walking trails that are safe and scenic. Anthem is also self-contained, offering grocery stores, medical facilities, and other essential services, so everything your family needs is conveniently close by without the need for long commutes. This home offers comfort, style, and ample space in a community that enhances your quality of life.

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41652 N Hudson Court Anthem, AZ 85086

$595,000

4 Beds

3 Baths

2,120 SqFt

Status Active

MLS # 6756781

Property Type Single Family Residence

Price Type --

Discover this beautiful Anthem Parkside residence, perfectly situated at the end of a spacious private cul-de-sac with an expansive yard. Embrace the refreshing blue pool and bask in the abundant Arizona sunshine in your backyard oasis, complete with partial mountain views. NEW A/C! This meticulously maintained home features a warm neutral color palette, large diagonal tile throughout the main living areas, and cozy carpet in the bedrooms for added comfort. The eat-in kitchen, open to the family room, boasts elegant granite countertops, maple cabinets, a pantry, and a center island with a convenient breakfast bar—perfect for family gatherings and entertaining. Retreat to the spacious primary suite, which includes a large walk-in closet and an adjoining spa-like bath featuring a... garden tub, double vanity, and separate shower. This home also offers an additional bedroom and a den, thoughtfully separated to accommodate multi-generational living. Garage is air conditioned. With a low HOA, you'll enjoy fabulous community amenities including a 16-acre catch-and-release lake, thrilling waterslides, a gym, pickleball and tennis courts, soccer fields, basketball and baseball facilities, as well as scenic hiking, walking, and biking trails. Don't miss out on this incredible opportunity to live in a vibrant community that offers so much more!

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32508 N 133rd Drive Peoria, AZ 85383

$595,000

4 Beds

3 Baths

2,249 SqFt

Status Active

MLS # 6749403

Property Type Single Family Residence

Price Type --

Experience the allure of this beautiful home in Vistancia Village! Offering 4 beds + den, 3 baths, desert landscape, and a 2-car garage w/paver driveway. Home exudes refined style with layered crown molding, neutral paint, tons of natural light, & wood-look tile floors w/carpet in bedrooms. Enjoy the seamless design of an open layout paired with surround sound, making entertaining a bliss! The gourmet kitchen boasts SS appliances, a walk-in pantry, quartz counters, white shaker cabinetry, mosaic tile backsplash, and an island w/breakfast bar. The den provides versatility! Main bedroom has a barn door that opens to the ensuite with dual sinks & a walk-in closet. Outback, you have artificial turf and a travertine-covered patio w/ceiling fan! You'll surely love the mountain views! Just WOW!!

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3692 E San Carlos Place Chandler, AZ 85249

$595,000

3 Beds

2 Baths

1,722 SqFt

Status Active

MLS # 6751080

Property Type Single Family Residence

Price Type --

Nice open floor plan with loads of upgrades and decorator touches. You are first greeted by a cozy front courtyard area of decorative pavers. Enter the home and view the extensive 20 inch floor tile in a neutral color. The kitchen is well appointed with granite countertops with undermount sink, stainless steel appliances, and upgraded cabinets. Lots of classic plantation shutters throughout. Both bathrooms are upgraded with tiled countertops and tub and shower surrounds. The resort-like backyard boasts a large paver patio area on a private lot surrounded by 1 story homes. This is a great area to entertain with an outdoor fireplace with seating area, a built-in BBQ and bar area, and a grassy play area. Garage cabinets. New A/C in 2023. Soft water system.

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6233 W Mescal Street Glendale, AZ 85304

New

$595,000

5 Beds

3 Baths

2,444 SqFt

Status Active

MLS # 6760532

Property Type Single Family Residence

Price Type --

The search is finally over! This delightful residence boasts a 3-car garage and a well-kept front yard. Fall in love with the inviting open layout highlighting vaulted ceilings, a soothing palette, skylights that bathe the space in natural light, and attractive wood-look flooring. You'll also find a cozy family room downstairs, including a warm fireplace for relaxing evenings! The kitchen has granite counters, abundant white shaker cabinets, a stylish tile backsplash, recessed lighting, stainless steel appliances, a handy pantry, and an island with a breakfast bar for casual dining. The main bedroom offers an ensuite with dual sinks and a walk-in closet. The backyard features a covered patio, a firepit with seating areas, and a refreshing pool for endless summer fun. Make this gem yours!

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780 E Kapasi Lane San Tan Valley, AZ 85140

$595,000

5 Beds

4 Baths

4,141 SqFt

Status Active

MLS # 6753650

Property Type Single Family Residence

Price Type --

This beautiful home nestled in the heart of San Tan Valley could be yours at a LOW INTEREST RATE! The space here has been maximally utilized with not only 5 bedrooms but a loft, bonus room, 2 living rooms, a dining room, 3-car garage, split primaries (separate downstairs with a full bathroom), and all walk-in closets. The open floor plan flows seamlessly into the kitchen: a chef's dream. Granite counters that elegantly contrast the wood cabinets, double ovens, a breakfast bar, complete with an oversized walk-in pantry. Interior has been recently painted white. Spend evenings in the low-maintenance, backyard relaxing under the pergola. Within walking distance you'll find the community park (reach out for amenities). Quick access to HWY 24 and close to great schools, shopping, and dining.

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125 Lodge Drive Munds Park/pinew, AZ 86017

$595,000

2 Beds

2 Baths

1,296 SqFt

Status Active

MLS # 6751391

Property Type Single Family Residence

Price Type --

All year cabin in beautiful Munds Park. Nestled between mature pine trees, this 2 bedroom and 2 bath home has an additional office / craft room furnished with a day bed that can be used for guests. Picture yourself enjoying the cool weather on your secluded covered deck and the cold weather inside by the great room fireplace. The kitchen features and island with breakfast seating. pull out drawers and shelves, and along with the bathrooms has been professionally updated making this a turn key opportunity. There are plenty of cabinets in the 1 car extended garage. You won't be at a loss for things to do, whether it's hiking, ATV's, listening to music at one of the local restaurants or taking advantage of the optional Pinewood Country Club amenities. Your going to love it here.

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958 N 97th Way Mesa, AZ 85207

$595,000

4 Beds

2 Baths

1,732 SqFt

Status Active

MLS # 6758960

Property Type Single Family Residence

Price Type --

Beautiful Modern Farmhouse home with NO HOA! This incredible home includes 1,732 SQFT, 4 large bedrooms, 2 bathrooms, an oversized 2 car garage, open floor plan & kitchen, white quartz counter tops, upgraded stainless steel appliances, farmers sink, modern cabinets, freestanding soaking tub & double vanities in the primary bathroom, fully fenced backyard, horse privileges, the ability to build a casita or RV garage, & so much more!

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4140 E White Aster Street Phoenix, AZ 85044

$595,000

4 Beds

2 Baths

1,829 SqFt

Status Active

MLS # 6759783

Property Type Single Family Residence

Price Type --

Located in the desirable Mountain Park Ranch HOA community, this 4-bedroom, 2-bath home sits on a spacious 10,000+ sq. ft. lot. Inside, you'll find high ceilings and a bright, open floor plan that creates a seamless flow throughout the home, offering both functionality and style for everyday living and entertaining. The beautifully landscaped backyard features a sparkling diving pool—perfect for those Arizona summers! As part of Mountain Park HOA, residents enjoy access to three community areas with heated junior Olympic pools, spas, pickleball and tennis courts, and scenic grassy spaces. With its unbeatable location, resort-style amenities, and thoughtfully designed interior, this home is the perfect blend of comfort and convenience in Ahwatukee. Don't miss out on this gem!

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3556 E Shedd Road Eloy, AZ 85131

$595,000

3 Beds

2 Baths

1,600 SqFt

Status Active

MLS # 6634975

Property Type Manufactured Home

Price Type --

Farm property with 12.91 irrigated acres. Great for growing hay or for irrigated pastures. The 3 bedroom 2 bath ground set manufactured home offers views of the Picacho Mountains with full length covered patios front and rear. The large modern kitchen includes island and hanging pan rack, custom cabinets, extra wide refrigerator, stainless steel appliances, and walk in pantry. The great room has vaulted ceilings and pellet burning wood stove. The master suite comes with separate shower and tub, walk in closet. The tall hay barn allows for plenty of hay storage and includes RV space with its own septic. The separate 2 car garage/workshop provides plenty of work space, and two 40' Connex boxes with space in between for a vehicle provide extra storage. All served by 400 amp service.

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