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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7816 E Butte Street Mesa, AZ 85207

$575,000

6 Beds

4 Baths

2,695 SqFt

Status Active

MLS # 6735655

Property Type Single Family Residence

Price Type --

RARE 6 bedroom / 4 bathroom home in a well taken care of gated community with plenty of amenities! This home provides tons of space for your family, home office space, or whatever else you may need. The dual/split primary bedrooms are perfect for multi-generational living, you'll only have to share the large, beautiful kitchen with granite countertops, large island, upgraded cabinets, gas stove, walk-in pantry and SS appliances! The downstairs also features a primary bedroom with huge ensuite, including dual sink vanity, walk-in closet and separate shower and tub, as well as another bedroom, full bathroom and spacious laundry room. Upstairs you'll find a large loft space, another large primary bedroom w/ ensuite, 3 more bedrooms and another full bath. The backyard is low maintenance and a perfect place to grill, play games and enjoy your morning coffee. The home features smart thermostats throughout, as well as an EV car charger in the garage, and a smart tech panel w/ fiber optic cap.

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39920 N River Bend Road Phoenix, AZ 85086

$575,000

5 Beds

2.5 Baths

2,168 SqFt

Status Active

MLS # 6747304

Property Type Single Family Residence

Price Type --

Your search is over!! LEASE TO OWN OR SELLER FINANCING with 0% DOWN and NO BANK QUALIFING!! This Beautiful 4 bedroom + office and loft RECENTLY REMODELED home is available in the much sought after community of Anthem. The kitchen has all new stainless steel appliances and new quartz counter tops. The primary suite has a large walk in closet, spa like bathroom with dual sinks with new quartz countertops and fixtures. The other three spacious bedrooms have new plush carpet and paint. The backyard is fully landscaped in an easy maintenance desert theme including a beautiful large custom fireplace feature. This truly is a MUST SEE! (please see documents for a complete list of remodeled features and Seller Financing Details) The backyard is fully landscaped in an easy maintenance desert theme including a beautiful large custom fireplace. This truly is a MUST SEE! (please see documents for a complete list of remodeled features and Seller Financing Details)

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12465 W Claremont Street Litchfield Park, AZ 85340

$575,000

3 Beds

2 Baths

1,826 SqFt

Status Active

MLS # 6754322

Property Type Single Family Residence

Price Type --

Welcome to your dream home! This immaculate single-story residence, in a gated community, offers 3 spacious bedrooms, 2 upgraded bathrooms, 2 car garage with an attached RV garage—ideal for storing all your toys. Situated on a premium corner lot with just one neighbor, privacy and space abound. Step inside to discover a gourmet kitchen complete with matching upgraded appliances, a gas range, and a massive walk-in pantry, making it a haven for any home chef. The open-concept layout seamlessly connects living, dining, and kitchen areas, perfect for entertaining or relaxing in style. The backyard features a large gazebo, real grass and plenty of additional space to customize your own desert oaisis! Enjoy the best of Arizona living with easy access to the Cardinals Stadium and all the exciting amenities of Westgate, just 10 minutes away! This home truly stands out with its luxurious post-builder upgrades, perfect for the discerning buyer.

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7464 W Lone Cactus Drive Glendale, AZ 85308

$575,000

3 Beds

2 Baths

1,702 SqFt

Status Active

MLS # 6756154

Property Type Single Family Residence

Price Type --

This beautifully newly renovated 3-bed, 2-bath home is located in a highly coveted neighborhood known for desirable schools, nearby access to beautiful nature trails, and convenient commuting via the 101 freeway. Every room has been thoughtfully updated, showcasing bright, modern finishes throughout. The fully renovated kitchen and bathrooms, new flooring, refreshed backyard, and added garage storage create a move-in-ready space. Already located close to an abundance of shopping, dining, and recreational option. This one is sure to go fast—don't miss your opportunity to make it home!

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6339 W Campo Bello Drive Glendale, AZ 85308

$575,000

4 Beds

2.5 Baths

2,840 SqFt

Status Active

MLS # 6747518

Property Type Single Family Residence

Price Type --

Welcome to this beautiful two-story home, offering a perfect blend of comfort and luxury all without HOA. With 4 spacious bedrooms, 2.5 bathrooms, and separate living spaces, this home is ideal for families of all sizes. Step inside to discover an open and airy floor plan, perfect for both entertaining and everyday living. The kitchen, equipped with modern appliances and ample counter space, flows seamlessly into the main living area, making it the heart of the home. Upstairs, the loft provides a flexible space that can be used as a family room, home office, or play area. The master suite is a true retreat, featuring a generous walk-in closet and ensuite bathroom. The outdoor space is an entertainer's dream, featuring a private backyard oasis with a sparkling pool, hot tub, and a built-in covered barbecue area. This is the perfect spot for grilling, dining, and enjoying the outdoors all year round. The front yard is beautifully landscaped, offering fantastic curb appeal. Located in a desirable neighborhood, this home is close to top-rated schools, shopping, dining, and parks, providing convenience at your doorstep. Don't miss the chance to make this exceptional property your new home!

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18142 W Orchid Lane Waddell, AZ 85355

$575,000

4 Beds

3.5 Baths

3,396 SqFt

Status Active Under Contract

MLS # 6750034

Property Type Single Family Residence

Price Type --

Stylish, energy-efficient home with stone facade accents and 3-car garage with RV gate. Interior features soaring ceilings, neutral palette, tile flooring, plantation shutters, and layered crown molding. Enjoy the welcoming living room, formal dining area, and great room with pre-wired surround sound and stone-accented gas fireplace. Recent upgrades include new variable-speed AC units (July 2024), fresh exterior paint (Dec 2021), interior repaint (2022), and new master bedroom carpet. This home blends timeless elegance with modern efficiency, offering comfort and style for its new owners. The sleek kitchen is a chef's delight, featuring an abundance of wood cabinets, a stone backsplash, stainless steel appliances with wall ovens, granite counters, a built-in desk, and a large center island with a breakfast bar. Retreat to the main suite through double doors, where a fireplace and sitting area offer a private oasis. The lavish ensuite includes dual vanities, a soaking tub, and a walk-in closet. A sizable loft provides an ideal space for a media center, while the laundry room includes cabinets and a utility sink for added convenience. The garage includes attached cabinets and a workshop. Step outside to a beautifully landscaped backyard with a covered patio, a Ramada, a built-in BBQ, a shed, and a refreshing pool, perfect for enjoying sunny days. This home truly has it all. Don't miss out on this incredible opportunity!

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5825 E Fountain Street Mesa, AZ 85205

$575,000

4 Beds

2.5 Baths

2,144 SqFt

Status Active Under Contract

MLS # 6747975

Property Type Single Family Residence

Price Type --

Stunningly Remodeled Home in the Golf Community of Alta Mesa. Welcome to this absolutely breathtaking home, meticulously remodeled inside and out, located in the desirable Golf Community of Alta Mesa. This move-in-ready gem offers 4 bedrooms, including a luxurious primary suite on the main floor, and 2.5 beautifully updated bathrooms. From the moment you step inside, you'll be captivated by the dramatic vaulted ceilings and an open floorplan with lots of natural light and modern elegance. The home is filled with thoughtful updates, including a striking new iron stair railing, contemporary light fixtures and fans, and a fresh, bright palette that highlights architectural details like the stunning wood beam. The formal living room, which can also serve as a bonus room, flows seamlessly into the dining area. The kitchen is a chef's delight featuring brand-new stainless steel appliances, generous granite countertops, a functional kitchen island, and a breakfast bar that opens to an additional bonus space, perfect for an office, kitchen nook, or cozy sitting area. The charming family room, complete with a fireplace and elegant mantle, provides a warm and inviting space for family gatherings. The expansive primary suite on the ground floor offers an ensuite bathroom with a relaxing soaking tub, dual sinks, and a separate shower. Upstairs, you'll find spacious secondary bedrooms and a full bath, all accessible via an elegant staircase. Step outside into your own private oasis, featuring a sparkling pool, a covered patio, a lush grass area perfect for pets and children, and multiple seating areas designed for relaxation. Located in a prime East Mesa location, this home is just minutes away from freeways, shopping, and dining. It's also a quick 20-minute drive to Sky Harbor Airport, Scottsdale, Saguaro Lake, and numerous hiking and biking trails. This is the home you've been waiting for one you'll be proud to call your own.

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1166 N 87th Place Scottsdale, AZ 85257

$575,000

3 Beds

2 Baths

1,409 SqFt

Status Active Under Contract

MLS # 6746047

Property Type Single Family Residence

Price Type --

Welcome home!! Be prepared to fall in love with this Scottsdale dream home that will check every box on your wish list & still be within your budget! This adorable house has lots of upgrades and features 3 bedrooms, 2 bathrooms and a large swimming pool. It boasts of a modern vibe w/ neutral palette and has an open, bright floor plan. All new tile, baseboard, carpet and paint. Within the last 3 years the AC, water heater and all the kitchen appliances were replaced. It has energy efficient dual paned windows and doors. The backyard has upgraded landscaping, new pool piping and cool deck. Low HOA of $242 a year! Quiet neighborhood, minutes to Old Town or Tempe - easy access to the 101 + 202 freeways. You have to see it; this is the ONE!

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1 E Lexington Avenue Unit 1101 Phoenix, AZ 85012

$575,000

2 Beds

2 Baths

1,261 SqFt

Status Active

MLS # 6720258

Property Type Apartment

Price Type --

Urban luxury living at your oasis in the city with million dollar views from the 11th floor of One Lexington, the premier high rise community in downtown Phoenix. This loft style contemporary is spacious and bright with floor to ceiling glass that capture dramatic views of the Phoenix City scape, along with picturesque surrounding mountain views. The kitchen is sleek and opens onto the main living space with custom cabinetry, stainless steel appliances and ample storage space. The primary bedroom windows frame the city beyond and the spa like bath has dual vanities, a soak tub, walk in shower and roomy closet space. The secondary bedroom offers flexibility and additional opportunities for endless sunsets and desert night skies.Amenities include front desk staff, a heated resort style pool and spa, built in outdoor grills, a full gym facility with free weights and a club lounge for special events, along with a dog run for your urban city furry friend. The unit has 2 assigned gated parking spaces, as well as a separate lockable storage locker. Walk or ride the light rail to sporting events, dining, theater, opera and museums: all within walking distance of your desert city oasis. Go to our website for more information.

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9969 W Via Del Sol -- Peoria, AZ 85383

$575,000

3 Beds

2 Baths

1,898 SqFt

Status Active

MLS # 6736412

Property Type Single Family Residence

Price Type --

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10015 E Mountain View Road Unit 1004 Scottsdale, AZ 85258

$575,000

2 Beds

2.5 Baths

1,792 SqFt

Status Active Under Contract

MLS # 6749416

Property Type Townhouse

Price Type --

Welcome to a charming oasis in the heart of Scottsdale Ranch, where elegance meets comfort. This exceptional home offers a spacious living area perfect for relaxation and entertaining, highlighted by a cozy fireplace that invites warmth and charm. The gourmet kitchen is a chef's dream, featuring custom cabinetry, gleaming quartz countertops, and state-of-the-art stainless steel appliances. Unwind in the expansive Primary Suite, your personal retreat, complete with a spa-like bath designed for ultimate relaxation. Discover luxury living at its finest in one of Scottsdale's most sought-after neighborhoods!

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3150 N Eagle Landing Road Show Low, AZ 85901

$575,000

2 Beds

2 Baths

1,679 SqFt

Status Active

MLS # 6752586

Property Type Single Family Residence

Price Type --

We may say this often - but it is true - Escape to the Pines! This perfect lot that backs to State land in Creekside at Eagle Mountain Estates is a beautiful gated community in Show Low. This very spacious 2 bedroom, 2 bath home with a separate little office area off the kitchen (which has a large walk in pantry and gas range) is perfect for relaxation retreat away or living here permanently . Enjoy the warmth of the living room fireplace during those cooler mountain evenings or step outside into your enclosed pavered yard—perfect for peaceful mornings with a book or safe playtime for your pets. This home also features a generously sized two-car garage that provides extra space for larger vehicles or additional storage (think UTVs!). Residents appreciate the community's strict no short-term rental policy, which preserves the neighborhood's quiet charm. Whether you're seeking a permanent residence or a seasonal retreat, this home offers an ideal setting for a tranquil lifestyle surrounded by natural beauty. Explore the opportunity to call this serene dwelling your own!

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