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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39724 N Rolling Green Way Anthem, AZ 85086

$589,900
4 Beds
2.5 Baths
2,815 SqFt
Status Active
MLS # 6744991
Property Type Single Family Residence
Price Type --
Stunning 4-bedroom, 2.5-bath home is located in the highly sought-after Anthem Parkside community! Boasting a detached 240 sq. ft. casita with a private entrance - perfect for guests, a home office, or a gym. Inside, you'll find stylish tile flooring with plush carpeting in all the right places. The large primary bedroom features an ensuite bathroom with double sinks and ample closet space. A versatile loft area offers additional living space or a playroom. The 2-car garage provides plenty of storage, and the home is part of a vibrant community with top-notch amenities including parks, pools, and trails. Located in the heart of Anthem, this home offers both comfort and convenience.

1400 E Orchid Lane Gilbert, AZ 85296

$589,900
5 Beds
3 Baths
2,237 SqFt
Status Active
MLS # 6751890
Property Type Single Family Residence
Price Type --
Welcome to your dream home located in the highly sought-after golf course subdivision. As you step inside, you will be greeted with warm and inviting neutral colors and new flooring/carpet throughout. The spacious family room with a cozy fireplace is the perfect spot to unwind after a long day. Designed with your comfort in mind, this meticulously maintained home offers 4 generous sized bedrooms and a den, providing plenty of space for everyone in the family. Prepare to be amazed by the completely remodeled chef's kitchen featuring brand new cabinets and stunning quartz countertops. With ample cabinet and counter space this kitchen is ideal for hosting dinner parties or simply cooking up a homemade meal. This home has been recently upgraded with new exterior and interior paint, as well as a new vanity in the lower-level bathroom. And for the icing on the cake, a brand new A/C unit has been installed, ensuring comfortable living all year round. But that's not all, as you step outside, you'll find a large and private backyard with a covered patio, perfect for summer barbecues and gatherings with friends and family. Don't miss the opportunity to make this house your new home and experience the perfect combination of comfort, convenience, and style. Trust us, you won't want to leave!

3903 S Juniper Street Tempe, AZ 85282

$589,900
4 Beds
2 Baths
2,000 SqFt
Status Active
MLS # 6751894
Property Type Single Family Residence
Price Type --
Beautifully Remodeled 4-Bedroom Home in Prime Tempe Location! Welcome to 3903 S. Juniper St., Tempe, AZ! This stunning single-level home on a spacious corner lot offers 4 bedrooms and 2 fully remodeled bathrooms, providing the perfect blend of comfort and style. The open floor plan is enhanced by fresh paint, new carpet, and luxury vinyl flooring throughout. The kitchen features stainless steel appliances, including a refrigerator, dishwasher, stove, and microwave. The remodeled bathrooms showcase new vanities, modern lighting, upgraded faucets, and updated tub/shower setups with brand-new toilets. Washer/dryer included for your convenience. Located in a desirable neighborhood near Arizona State University, this home offers easy access to the 60/101/202. Newer A/C & Roof! Ready to go!

17392 W Grant Street Goodyear, AZ 85338

$589,900
4 Beds
3.5 Baths
3,148 SqFt
Status Active
MLS # 6753144
Property Type Single Family Residence
Price Type --
Welcome to your new home in Canyon Trails! It's a 4-bedroom, 3.5 bath, 3148 sf single-level home on an oversized corner lot with a 3-car tandem garage and RV gate! Enter through the charming courtyard that leads into a home rich with character. Enjoy a spacious open floor-plan with natural light pouring through the windows, neutral custom paint throughout, and a blend of tile and wood-look floors. The large kitchen shines with stainless steel appliances, wall ovens, tons of cabinetry for extra storage, granite countertops, and a large center island with a breakfast bar. Get a good night's sleep in the main suite, featuring backyard access, a sitting area, and a private bathroom with dual vanities, a soaking tub, walk in shower, and walk-in closet. 3 additional bedrooms, including another en-suite, plus a versatile den offers office potential towards the front of the home. Out back you'll find a low maintenance yard with a screened-in patio and Ramada ready for cooler temps! Easy access to major freeways, shopping, dining and Spring Training Games at Goodyear Ballpark. Don't miss out!

3247 N Loma Vista Mesa, AZ 85213

$589,900
4 Beds
3 Baths
2,404 SqFt
Status Active Under Contract
MLS # 6755058
Property Type Single Family Residence
Price Type --
This spacious 4-bedroom, 3-bath home boasts fresh interior paint and a modern, open layout. The kitchen, featuring stainless steel appliances including a microwave, range, and dishwasher, flows seamlessly into the family living area, making it perfect for entertaining. A large kitchen island adds extra prep space and storage. The guest room is conveniently located downstairs, while the upstairs hosts the primary bedroom, two additional bedrooms, and a versatile loft area, offering plenty of space for family and guests.

20610 W Stone Hill Road Buckeye, AZ 85396

$589,900
4 Beds
3 Baths
2,422 SqFt
Status Active
MLS # 6755661
Property Type Single Family Residence
Price Type --
Step into the ultimate lifestyle upgrade with this meticulously maintained, move-in ready Meritage home, perfectly situated in the highly sought-after Master Planned Community of Verrado! This 4-bedroom, 3-bath ENERGY EFFICIENT beauty isn't just a home—it's your ticket to luxurious, carefree living. With average electric bills at just $140 a month, you can keep the home at a cool 75 degrees during the day and 74 at night, all year long. Designed for easy living and vibrant entertaining, the split floorplan features a spacious open-concept great room, kitchen, and dining area at the heart of the home—perfect for hosting family gatherings or lively dinner parties. An oversized flex room provides endless possibilities, whether you envision a game room with a pool table or a grand formal dining area. Storage is a dream in this home, with two of the secondary bedrooms boasting walk-in closets, ample cabinetry in the laundry room, a handy butler's pantry, and a 3-car tandem garage offering plenty of space for your hobbies and gear. Step outside into your own personal oasis where low-maintenance artificial turf, mature trees, and lush landscaping set the scene for ultimate relaxation. Extended paver seating areas make it easy to enjoy Arizona's incredible weather, whether you're basking in the sun during the cooler months or hosting outdoor gatherings with friends and family. Life in Verrado is all about connection, adventure, and enjoying the finer thingsthis home brings all of that to your doorstep! The community of Verrado, which is nestled at the base of the White Tank Mountains, offers a truly unique living experience that blends small-town charm with modern conveniences. Imagine waking up to stunning mountain views, enjoying tree-lined streets, and having over 70 parks and 21 miles of hiking and biking trails right outside your door. The community is designed for connection, with front porches and wide sidewalks encouraging friendly neighborly interactions. Furthermore, at the heart of Verrado, the vibrant Main Street district offers cozy coffee shops, trendy restaurants, and boutique shopping, all just a stroll away. From community events like farmers markets and outdoor concerts to top-rated schools and a championship golf course, Verrado caters to every stage of life. Whether you're soaking up the Arizona sunshine by the pool or enjoying a scenic sunset hike, life in Verrado is all about savoring the beauty of the outdoors and embracing an active, connected lifestyle.

3956 E Constitution Drive Gilbert, AZ 85296

$589,890
3 Beds
2 Baths
1,954 SqFt
Status Active
MLS # 6725786
Property Type Single Family Residence
Price Type --
Welcome to Segretto- The private and quiet community nestled in the heart of Gilbert- just minutes from the Agritopia Epicenter (home of some of the best dining in Gilbert), San Tan Marketplace and just a mile from the 202 freeway entrance! This adorable home features a bright and open floorplan with an oversized living room perfect for gatherings and entertaining! The gorgeous kitchen features white shaker cabinets, trendy backsplash, stainless steel appliances and a large kitchen island and breakfast bar. All fixtures throughout have been upgraded and updated including toilets, faucets and light fixtures. Don't forget the tankless water heater. This home backs to county island homes for ultimate privacy. Backyard beautifully landscaped with grass and a spacious covered patio!

66226 65th Street Salome, AZ 85348

$589,500
3 Beds
3 Baths
2,710 SqFt
Status Active Under Contract
MLS # 6646153
Property Type Single Family Residence
Price Type --
5.75 acre gated property fenced on all 4 sides. Zoning allows for horses. Bunch room for an arena. A few hundred feet ride out to neighboring BLM and only 39 miles from Alamo Lake. Many mature trees and almond trees, 56' x 40' custom shop/garage with full bathroom. Lots of shelves and 2 14'x14' overhead garage doors to accommodate your toys. This beautiful home features 3 bedrooms and 3 full bathrooms, a spacious great room with oversized glass windows and sliding glass doors overlooking the mountains. Large covered patio on the south side of the house. Ample closet/storage space, luxury vinyl flooring throughout the home. Foyer with built-in shoe shelves. Open concept kitchen with large island, shaker style cabinets with pulls, quart countertops and newer stainless-steel appliances. Lots of canned LED lighting, pendant lights. Large pantry, and laundry room. Oversized carport with tons of concrete parking. 1 RV hookups and cleaning stations. The existing wood storage shed will not be conveyed..

1144 E Sesame Street Tempe, AZ 85283

$589,500
3 Beds
2 Baths
2,028 SqFt
Status Active
MLS # 6716194
Property Type Single Family Residence
Price Type --
Welcome to this beautifully updated home featuring 3 Bedrooms + Home Office - where elegance meets functionality. The rich Brazilian Walnut floors create a warm and inviting ambiance throughout. Key Features: Open Floor Plan: The layout has been thoughtfully designed to provide a spacious great room, perfect for an active family and ideal for hosting gatherings. Flexible Space: The home office space can easily be returned to the original 4th bedroom, accommodating your changing needs. Modern Kitchen: The kitchen has been tastefully updated, offering both style and practicality. Bonus Amenities: Enjoy the convenience of an air-conditioned workshop in the backyard, along with a separate storage house. No HOA Hassles: Say goodbye to homeowner association headaches.

6824 E Aire Libre Lane Scottsdale, AZ 85254

$589,500
3 Beds
2 Baths
1,330 SqFt
Status Active Under Contract
MLS # 6727799
Property Type Single Family Residence
Price Type --
Seller wants this SOLD!! All offers will be reviewed....Welcome to your dream home in the highly sought-after 85254 zip code! This move-in-ready gem offers 1,340 square feet of beautifully designed living space, featuring 3 spacious bedrooms and 2 modern bathrooms. The inviting great room off of the kitchen is perfect for family gatherings and entertaining guests. Gorgeous inside and out. Discover a newly built storage shed in the backyard, providing ample space for all your storage needs. Ideally located close to shopping, dining, and entertainment options, this charming home in a fantastic location won't last long - don't miss out!

14687 W Larkspur Drive Surprise, AZ 85379

$589,500
5 Beds
3 Baths
2,375 SqFt
Status Active
MLS # 6743505
Property Type Single Family Residence
Price Type --
Located in the heart of Surprise in the desirable neighborhood of Marley Park, this well maintained 2020 built home features 5 bedrooms, 3 bathrooms, pool, corner lot and much more! Entering the home you are greeted with an open floorpan with tile in all the main living areas. A kitchen that boasts granite counter tops, tons of cabinet space, walk-in pantry and family room with premium shutters on all windows. Primary bedroom features large walk-in closest and an upgraded tiled shower. The premium double slide patio door gives the home an open indoor / outdoor feel. The landscaped backyard features a pebble tec pool, synthetic grass and a built in fire pit. Close to shopping, restaurants, freeway access and more!

14676 W Windrose Drive Surprise, AZ 85379

$589,500
4 Beds
3 Baths
2,272 SqFt
Status Active
MLS # 6757135
Property Type Single Family Residence
Price Type --
Beautifully appointed home in the highly desired Marley Park! This home has a upgraded flooring in the main living areas, den/secondary living room upon entry. Open concept family, dining, and kitchen. Kitchen features upgraded granite counters, cabinetry, tiled backsplash, and appliances. Primary bedroom features large closet and en-suite bath with granite counters, dual sinks, separate tub and shower. Resort-style backyard features sparkling pool with Baja shelf, gas firepit, build in bar perfect for relaxing or gathering. Convenient location, close to highly rated schools, parks, shopping, and restaurants!

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