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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2232 E Blanche Drive Phoenix, AZ 85022

$575,000

4 Beds

2 Baths

1,826 SqFt

Status Active

MLS # 6736754

Property Type Single Family Residence

Price Type --

Stunning move-in ready 4-Bedroom, 2-Bathroom Home in beautiful North Phoenix with NO HOA! Welcome to this tastefully updated, turn-key residence in a quiet North Phoenix neighborhood. This home boasts four spacious bedrooms and two modern bathrooms, mountain views, offering comfort and convenience. Enjoy a fresh, contemporary interior with stylish finishes throughout. Perfectly situated close to hiking at Lookout Mountain, shopping, dining, and close freeway access, this home combines practicality with a taste of luxury. Close to Costco, Sprouts, Aldi and more! Don't miss out on this exceptional opportunity!

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4502 N Meadow Way Pine, AZ 85544

$575,000

3 Beds

2 Baths

2,005 SqFt

Status Active Under Contract

MLS # 6750463

Property Type Single Family Residence

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Custom cabin with exceptional architecture and unique details. Enjoy custom wood finishes, travertine floors, and copper railings. Features include a spacious loft with vaulted ceilings, a master suite with a walk-in closet, dual sinks, and a custom shower. The second bedroom includes dual closets and a walk-in. The kitchen boasts an eat-in area, granite countertops, and all appliances. The large laundry room offers a washer, dryer, and full storage closet. Additional amenities include an extended one-car garage, cobblestone-covered back patio, and partially shaded front and side patios. All this in The Portal 2 Gated Community.

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7940 E Camelback Road Unit 608 Scottsdale, AZ 85251

$575,000

3 Beds

2.5 Baths

2,130 SqFt

Status Active

MLS # 6752357

Property Type Apartment

Price Type --

BREATHTAKING SUNRISE VIEWS from every room in this very unique, fully unobstructed view, 3 bed, 2.5 bath high rise condo in Scottsdale Shadows, a golf and recreational community that is loaded with amenities! This unit boasts the rare in-unit laundry AND the coveted TWO GARAGE PARKING SPACES that very few units own. Features include corian countertops, upgraded cabinetry, upgraded lighting and plumbing fixtures t/o, dual master bedrooms, each with their own walk-in closet, upgraded dual pane windows t/o, and the centerpiece of the home, a 30 foot long double balcony with floor to ceiling glass dual pane sliders with incredible East-facing mountain views. Unit also includes a separate storage closet on the same floor just steps away. Furniture is available on a separate bill of sale.

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2849 N Heritage Street Buckeye, AZ 85396

$575,000

5 Beds

3.5 Baths

2,975 SqFt

Status Active

MLS # 6724962

Property Type Single Family Residence

Price Type --

Exceptional housing opportunity in the sought-after Verrado community! This nearly 3000 sq. ft. property features 4 bedrooms and a loft. It includes a rare 440 sq. ft. casita with a private entrance—ideal for extra rental income. The main house boasts durable wood and tile flooring, a well-appointed kitchen with granite countertops and brand new stainless steel appliances. The master suite offers a garden tub, separate shower, private toilet room, and walk-in closet. Fully paid-off solar panels reduce energy costs. Currently rented until May 2025, ensuring immediate rental income. The newly renovated casita adds tremendous value to this home. Don't miss this turn-key investment in Verrado!

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2653 Leisure World -- Mesa, AZ 85206

$575,000

3 Beds

2 Baths

1,556 SqFt

Status Active

MLS # 6751497

Property Type Single Family Residence

Price Type --

You are going to love this luxury home in the heart of Leisure World. The split floorplan home has an incredible chef's kitchen with custom cabinets and an enormous quartz island. The open concept living room, kitchen, and dining room flows beautifully to the outdoor kitchen and seating area. You even have a fireplace and TV to enjoy. This is one of the best back yards in Leisure World. The primary suite has a large bathroom, walk in closet and dual sinks. The luxury vinyl flooring continues thru the home. Do not miss this incredible house!! All this in the Premiere Active Adult Community of Leisure World with 36 holes of private golf, new tennis complex, pickle ball, swimming pools, library, state of the art fitness center, theater, arts and crafts, billiard room, and much more!

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1228 E Wesleyan Drive Tempe, AZ 85282

$575,000

3 Beds

2 Baths

1,486 SqFt

Status Active

MLS # 6758491

Property Type Single Family Residence

Price Type --

Prime Tempe Location! This stylish 3-bedroom, 2-bathroom home with 2-car garage is just minutes from ASU and the freeways. The kitchen boasts sleek stainless steel appliances, granite countertops, and seamlessly flows into the dining area. Enjoy the additional living space in the separate living room which opens to the backyard. Recently updated with new flooring installed in 2024, this home features a distinctive and modern look. The backyard is perfect for entertaining, with a covered patio, misting system and a refreshing diving pool. The property is situated among single-story homes, offering added privacy. New roof. No HOA. Come see it today!

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34457 N Legend Trail Parkway Unit 1019 Scottsdale, AZ 85262

$575,000

3 Beds

2 Baths

1,463 SqFt

Status Active

MLS # 6756791

Property Type Apartment

Price Type --

Your buyers will love this amazing opportunity to own in one of the most desirable communities in North Scottsdale. Enjoy the morning sun on your private patio overlooking the 17th fairway of the Legend Trail Golf Course. This brite open split-floor plan is complete with fresh paint, new appliances, granite countertops, breakfast bar & built-in entertainment center. The 3rd bedroom is easily converted to a home office/den with its dual doors. Steps away from the Community Center, 2 htd pools, tennis, pickle ball, workout facility & social events. Walking distance to LT Golf Course, restaurant, pro-shop & hiking/biking trails. Furniture available by separate bill of sale makes this home truly turn-key.

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2177 E Apollo Avenue Tempe, AZ 85283

$575,000

3 Beds

2 Baths

1,778 SqFt

Status Active

MLS # 6752846

Property Type Single Family Residence

Price Type --

** UPDATED SINGLE-LEVEL THREE BEDROOM -- SITUATED ON A QUIET, INTERIOR LOT IN A GREAT TEMPE LOCATION!! ** Look at all the Improvements: Updated Kitchen and Bathrooms 2024 -- check out those Beautiful Quartz Countertops! ** Freshly Painted Interior ** Removal of ''Popcorn'' Ceilings ** LVP Flooring Installed 2022 ** Roof and A/C Replacement 2019 ** Backyard Updated in 2020 and Includes a Built-in Propane Grill, Covered Patio, Artificial Turf and Lemon Tree ** Updated Exterior Watering System (Front and Back) 2024 ** Family Room with Fireplace, plus Additional Living Room ** Attached Two-Car Garage with Updated Garage Door ** Super Close to the 101 and 60 Freeways, Shopping, Restaurants, Parks and Schools **

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3610 E Sumner Place Rimrock, AZ 86335

$575,000

3 Beds

2.5 Baths

2,152 SqFt

Status Active

MLS # 6754467

Property Type Single Family Residence

Price Type --

Gated community 30 minutes south of Sedona, Arizona. Brand New, Never Lived in home with community pool and clubhouse, tennis courts, walking trails, work out facility. Beaver Creek Preserve community features modern luxury with rustic charm, blending in with the natural landscape around. This home is ready for your RV and toys, featuring a 2 car garage plus a 52' in length and 14' width RV Garage, granite countertops, walk-in pantry in your new kitchen, 3 bedrooms plus a den, and a gorgeous primary bathroom. Inside, expansive windows frame panoramic views, while the open-concept layout boasts premium finishes and modern amenities. Outside, a spacious patio invites outdoor living and stunning vistas.

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18997 N 74th Drive Glendale, AZ 85308

$575,000

4 Beds

2 Baths

2,058 SqFt

Status Active

MLS # 6754498

Property Type Single Family Residence

Price Type --

Discover your dream home in the serene Arrowhead neighborhood, where this stunning single-story gem awaits. With four spacious bedrooms and two elegantly upgraded bathrooms, this residence offers both comfort and style. The interior features hardwood floors and a gourmet kitchen with painted cabinets, a sleek stainless steel sink, and high-end stainless steel appliances with quartz countertops. Large windows throughout ensure abundant natural light. Step outside to your private oasis, complete with a newly resurfaced sparkling pool and meticulously landscaped gardens perfect for relaxation and entertaining. Additional upgrades include an epoxy-coated garage floor and a recently replaced water heater. Nestled near picturesque mountain trails for hiking and convenient shopping malls.

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15829 N 168th Avenue Surprise, AZ 85388

$575,000

5 Beds

3 Baths

2,873 SqFt

Status Active

MLS # 6715613

Property Type Single Family Residence

Price Type --

Stunning two-story residence offering 5 spacious bedrooms and 3 full bathrooms, situated on a large cul-de-sac lot. This home combines elegance with functionality. Dramatic ceilings and decorative archways add a touch of sophistication & grandeur to the living spaces and the host of modern amenities. Enjoy elegant gatherings in the formal living & dining rooms. The kitchen is a chef's delight, featuring ample counter space, modern appliances and opening to the family room, perfect for relaxing while socializing with the cook! Durable & stylish laminate flooring runs throughout the home, except for the stairs, providing an easy-to-maintain living environment. A convenient bedroom & full bathroom on the ground floor offer flexibility, Transferable Home Warranty in place! for guests, in-laws, or a home office. Upstairs and away from the downstairs activity, is the spacious primary suite, offering a private retreat with plenty of room for a sitting area or home office. The en-suite bathroom features double sinks, a separate shower and a luxurious soaking tub, perfect for unwinding after a long day. A large walk-in closet provides abundant storage for all your wardrobe needs. The home is situated on a generous cul-de-sac lot providing a private and spacious outdoor area with a heated pool and spa for relaxation or hosting outdoor gatherings.

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10429 E Durant Drive Mesa, AZ 85212

$575,000

4 Beds

3 Baths

2,115 SqFt

Status Active

MLS # 6756642

Property Type Single Family Residence

Price Type --

Welcome to this move-in ready, hard to find 4 bedroom, 3 bath home plus a flex room nestled in the highly sought-after Eastmark Community. Featuring a spacious great room with 9' ceilings, The kitchen offers granite countertops, a gas cooktop, and a large island with a breakfast bar. Enjoy a master bath with separate tub and shower, along with double sinks. Large laundry room for convenience. Extended paver patio, beautifully designed turf, covered patio with a ceiling fan, built in gas firepit. At each end of your block you have neighborhood parks and still close enough to walk to your main community park which has it all. Community center, pool, dog parks, softball fields, fishing pond, skate park, walking paths and so much more. ''The Mark'' hosts numerous free events all year long.

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