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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7031 W Morrow Drive Glendale, AZ 85308

$575,000

3 Beds

2 Baths

1,800 SqFt

Status Active

MLS # 6759901

Property Type Single Family Residence

Price Type --

This 3-bedroom home with a blue pool in Arrowhead Ranch exudes charm and comfort! A grassy front yard, 2-car garage, brick veneer, and code entry box in the front door are just the beginning. Discover an open layout with all-new double-pane windows and doors, vaulted ceilings, sunny bay windows, and a two-way fireplace. The kitchen offers stainless steel appliances, plenty of honey oak cabinets, granite counters, and tile backsplash. The main bedroom features backyard access, a fireplace, and a lavish bathroom with a jetted tub, glass enclosure shower, dual sinks, and a walk-in closet. In the backyard, you'll find a swimming pool with a heater and chiller, green grass, two covered patios, and a pool house with a/c. Plus, the roof is only 3 years old! You won't be disappointed!

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1580 Calle Simpatico Drive Wickenburg, AZ 85390

New

$575,000

3 Beds

2 Baths

2,004 SqFt

Status Active

MLS # 6761470

Property Type Single Family Residence

Price Type --

This PRISTINE CUSTOM ''JEB'' home is located in the desirable PUEBLO CASSANDRA Village, where luxury meets comfort and security featuring a HEATED POOL and spa to enjoy year-round ARIZONA living. Step through the front door to be wowed by vaulted ceilings, open floorplan, plantation shutters, ambiance lighting, a gorgeous chandelier and a cozy gas fireplace. Not a detail left behind in the kitchen with stainless appliances, beveled edge GRANITE countertops, spacious island, and extensive Knotty-Alder soft touch CUSTOM cabinetry. Hide-a-way to the PRIMARY SUITE through PRIVATE DOUBLE ENTRY doors complete with a HUGE walk-in closet and separate exit to the expansive COVERED PATIO surrounded by a stucco finished wall. WOW! This EXQUISIT home with resort living is IN WICKENBURG!

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3218 N Ravine -- Mesa, AZ 85215

$575,000

3 Beds

2 Baths

1,868 SqFt

Status Active

MLS # 6752209

Property Type Single Family Residence

Price Type --

No HOA! This charming 3-bedroom, 2-bath home features elegant travertine floors throughout and plantation shutters for a touch of sophistication. The central vacuum and water softener make for carefree maintenance and vaulted ceilings enhance the open, airy feel, while the play pool in the backyard offers a perfect retreat. The fireplace in the family room, breakfast bar seating in the kitchen, ceiling fans throughout the home & 220V access in the garage for EV charging are just a few of the features that make this the home of your dreams. Located in a desirable Mesa neighborhood, this home blends style and functionality seamlessly and is ideal for both relaxation and entertaining. It's a true gem in a prime location with easy access to the 202 freeway, shopping and schools.

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4115 S 75th Drive Phoenix, AZ 85043

$575,000

4 Beds

2 Baths

2,170 SqFt

Status Active

MLS # 6733896

Property Type Single Family Residence

Price Type --

Come take a look at this amazing home. It could be YOUR New Home Sweet Home. It is a corner lot with an oversize lot and huge backyard. You will appreciate the great curb appeal and attractive landscaping when you pull up. It has a split floor plan with 3 spacious secondary bedrooms on one side of the home and the primary bed on the other. Your new kitchen offers a breakfast bar, granite countertops, tile backsplash, and a ton of cabinet storage space. You will spend a lot of time in the oasis of a backyard which has covered patio, dog run, covered gazebo with built in BBQ, sparkling swimming pool, RV Parking, and a ton of room to play and entertain. You don't want to miss out on this amazing home so hurry and come take a look! You will love it.

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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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5607 N 87th Drive Glendale, AZ 85305

$575,000

3 Beds

2.5 Baths

2,391 SqFt

Status Active

MLS # 6741595

Property Type Single Family Residence

Price Type --

Welcome to your dream home! This stunning property boasts a crisp curb appeal with a stacked stone elevation and a hand-laid paver driveway. As you enter, you'll be greeted by a light and bright open floor plan, complete with tile and plush carpet flooring throughout. The kitchen is a chef's delight, featuring quartz countertops, shaker white cabinets, and a stainless steel appliance package that includes a gas range. Enjoy breakfast at the island from the breakfast bar or in the cozy eat-in kitchen dining area, which both are complemented by designer lighting fixtures. Need some extra space? Use the media desk as your coffee bar or butler pantry! This home also offers plenty of room for relaxation with its massive primary bedroom and spa-like bathroom featuring dual sinks and a raised vanity. Plus, there's an additional den/office downstairs with a half bathroom - perfect for working from home. Upstairs you'll find even more living space in the loft flex room - use it as an additional entertainment area or create your own personal escape when you just need to get away. Laundry will be a breeze in the convenient upstairs laundry room. Out back, the large covered patio offers breathtaking views of the mountains, making it the perfect spot for outdoor entertaining. Gather with friends for conversation under the custom wood pergola or play games on the lush green grass landscaping. Not only is this home beautiful inside and out, but it also features energy efficient amenities such as ceiling fans, recessed lighting, low-e windows and insulation to keep utility costs low. But wait...there's more! This community has fantastic amenities including heated pool, playgrounds for kids to play, expansive greenbelts with a large covered ramada for picnics, walking paths and basketball courts to stay active all year round. Located just minutes from the Westgate Entertainment District and State Farm Stadium, experience a lifestyle with endless dining, shopping and entertainment options. Don't miss out on this amazing opportunity to call this house your HOME sweet HOME!

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4307 E Wildcat Drive Cave Creek, AZ 85331

New

$575,000

3 Beds

2 Baths

1,588 SqFt

Status Active

MLS # 6757781

Property Type Single Family Residence

Price Type --

Welcome to this highly sought-after 3-bedroom, 2-bath home in the beautiful Tatum Ranch community! Inside, you'll find a bright, airy interior with soaring vaulted ceilings and stunning arched passageways, complemented by a stylish built-in media center. The contemporary kitchen is a chef's dream, featuring elegant granite countertops, stainless steel appliances, and a spacious pantry. Unwind in the luxurious master suite, complete with double sinks, a large walk-in shower, and a soothing soaking tub. Step outside to your personal oasis, featuring a sparkling pebble-tec pool with a captivating boulder water feature. The covered patio is perfect for outdoor entertaining, while the easy-care landscaping allows you to relax and enjoy. Located within walking distance of scenic hiking trails and Desert Willow Park, which features a large playground, basketball courts, and sports fields, this home is ideal for an active lifestyle. You'll also find a variety of dining and shopping options just minutes away at Tatum Ranch Center. Don't miss out on this incredible opportunity!

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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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8844 E Charter Oak Drive Scottsdale, AZ 85260

$575,000

2 Beds

2 Baths

1,557 SqFt

Status Active

MLS # 6749595

Property Type Single Family Residence

Price Type --

The search for your new home ends here! Located in the highly sought after Pima Vista neighborhood of Scottsdale is a 2 bedroom + separate office, 2 bath, 1,557 sqft home that is priced to sell, ready for you to make it your own. The Kitchen has stainless steel appliances, living room features a charming wood burning fireplace, primary suite has a jacuzzi tub, and backyard has a covered patio with tall oleander bushes, making is feel more private. Neighborhood offers paths, greenbelts, tennis courts and a community pool. A+Schools! Don't hesitate. Put in an offer TODAY!

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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

Price Type --

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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