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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33550 N Dove Lakes Drive Unit 1007 Cave Creek, AZ 85331

$575,000

2 Beds

2 Baths

1,882 SqFt

Status Active Under Contract

MLS # 6743182

Property Type Townhouse

Price Type --

Rare Gem! First floor unit with incredible location. Relax on the large patio and enjoy lake and mountain views with no unit behind you! Expansive floor plan with 2 bedrooms, 2 bathrooms plus versatile den. Spacious primary suite enjoys a large walk-in closet and generous bathroom with separate shower/tub and double sinks. Beautiful wood floors and gas fireplace in the open living area. Wood shutters throughout. Kitchen offers gas range, stainless appliances, honey cabinets and delightful backsplash and granite counters with breakfast bar. Attached 2 car garage in a gated subdivision with so many amenities including heated pool, hot tub and rec room. So many choices on where to go!

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13233 N 1st Place Phoenix, AZ 85022

$575,000

3 Beds

2 Baths

1,730 SqFt

Status Active Under Contract

MLS # 6758241

Property Type Single Family Residence

Price Type --

WELCOME HOME FRIENDS!!! TAKE A LOOK AT THIS BEAUTIFULLY REMODELED MOVE IN READY HOME! PRIDE OF OWNERSHIP IS SEEN THROUGHOUT! FALL IN LOVE WITH THE OPEN CONCEPT FLOOR PLAN, VINYL PLANK FLOORING, NEW KITCHEN CABINETS, QUARTZ COUNTERTOPS THROUGHOUT, TILED SHOWERS IN BOTH BATHROOMS, FRESH INTERIOR & EXTERIOR PAINT, WOOD BURNING FIREPLACE, SPACIOUS BEDROOMS, LOW MAINTENANCE FRONT & BACKYARD, LARGE COVERED PAVERED PATIO, RV GATE, OVERSIZED LOT & EXTERIOR BUILT IN FIREPLACE! BEING CENTRALLY LOCATED, MAKE A NIGHT ON THE TOWN SEAMLESS! ENJOY HIKING IN THE WINTER MONTHS? SOME OF PHOENIX'S TOP HIKING TRAILS ARE MINUTES AWAY! DID I MENTION THERE'S NO HOA??? THIS HOME SHOWS LIKE A MODEL & IS A MUST SEE! YOU WILL NOT BE DISAPPOINTED!

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43298 W Desert Fairways Drive Maricopa, AZ 85138

New

$575,000

4 Beds

2.5 Baths

2,862 SqFt

Status Active

MLS # 6761031

Property Type Single Family Residence

Price Type --

Welcome to this immaculate home located on the prestigious Duke Golf Course, offering breathtaking views and luxurious living. The oversized resort-style backyard is a true entertainer's dream, featuring a sparkling pool, a putting green for the golf enthusiast, an RV gate, and two expansive side yards. With OWNED SOLAR, you'll enjoy year-round energy savings, making the most of Arizona's abundant sunshine.The gourmet kitchen boasts beautiful granite countertops, stainless steel appliances, and ample space for any home chef to enjoy. The spacious primary bedroom offers an elegant ensuite bathroom, creating a private and luxurious retreat. There's also a dedicated office space that can serve multiple purposes, from a home office to a hobby room. This home perfectly blends comfort & style.

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7426 E Melrose Street Mesa, AZ 85207

$575,000

3 Beds

2 Baths

1,800 SqFt

Status Active

MLS # 6757067

Property Type Single Family Residence

Price Type --

Well maintained, Move-In Ready home situated within Grayfox at Las Sendas. This single-level home offers a spacious, open floorplan with a split-master layout, bay windows & vaulted ceilings, new carpet + fresh paint throughout. Roof was replaced in 2022 and has a transferrable warranty. The large, private backyard has low-maintenance landscaping, artificial grass, an RV gate, storage shed & concrete pad - perfect for a hot tub, gazebo or built-in BBQ! Enjoy all Las Sendas has to offer to include: an 18-hole championship golf course, desert living with mountain views & trails, clubhouse, community pools, spa, sports courts (including pickleball), community parks & more!

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3616 E Ludlow Drive Phoenix, AZ 85032

$575,000

3 Beds

2 Baths

1,426 SqFt

Status Active

MLS # 6748475

Property Type Single Family Residence

Price Type --

Don't miss out on this large corner lot home with a huge 33,000 gallon diving pool, pavers, synthetic grass, and a built in BBQ in the backyard. Inside you'll find a lovingly cared for, fully remodeled home with tons of upgrades including custom white shaker cabinets in the kitchen and bathrooms. Kitchen has Quartz countertops, matching stainless steel appliances with stainless steel undermount sink. Barn door from dining room leads to a large laundry room with more than enough space to serve as a craft room or home office. Both bathrooms have beautifully tiled showers and entire home is tiled throughout for easy maintenance and upkeep. All doors and windows have been upgraded to dual pane for great energy efficiency. Great central location right off of the 51 and 101 Freeways.

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7227 W Corrine Drive Peoria, AZ 85381

$575,000

5 Beds

3 Baths

2,720 SqFt

Status Active

MLS # 6759230

Property Type Single Family Residence

Price Type --

Don't miss out on this stunning 5-bedroom, 3-bath home with a 3-car garage in Peoria! One great feature is that there's no HOA. Upstairs, you'll discover the main living area and kitchen, filled with natural light and accented by beautiful oak wood floors. The kitchen offers elegant brown granite countertops, crisp white cabinetry, stainless steel appliances, and a view overlooking the backyard. The lower level provides a spacious bonus room, ideal for entertaining. Outside, the backyard offers mature trees for added privacy, a sparkling pool, and plenty of space on the side of the home for your larger toys.

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432 S Marina Street Prescott, AZ 86303

$575,000

3 Beds

2 Baths

2,325 SqFt

Status Active

MLS # 6744960

Property Type Single Family Residence

Price Type --

Seize the Opportunity to Live in Historic Downtown Prescott. This charming vintage home, built in 1924 and zoned for Multi-Family use, offers multiple possibilities and is just 3 blocks from the iconic Courthouse Square in the heart of Prescott. Enjoy panoramic views stretching from Thumb Butte to Granite Mountain and the twinkling Prescott city lights. Step inside to the living room, where large picture windows highlight the stunning views and nostalgic wood floors evoke the charm of yesteryear. A built-in bookshelf wall separates the living room from the renovated kitchen, which features granite countertops, a double-basin porcelain sink, stainless steel appliances including a smooth-top electric range and dishwasher, under-cabinet lighting & pantry cabinets that add modern convenience. The entry level also boasts 2 bedrooms and 1 full bathroom. One bedroom has parquet floors, while the other features wood floors and a single French door leading to the backyard. The entire upper level is dedicated to the master suite, complete with a bathroom featuring a tiled counter and walk-in shower, a den/office with wood floors, and the master bedroom with an original built-in chest of drawers. The basement offers versatile space, ideal for a hobby room, playroom, workshop, or storage. The property also includes a greenhouse, perfect for those with a green thumb, and a front courtyard corner where you can enjoy your morning coffee. Unwind with a glass of wine on the deck as the sun sets, or relax on the paver patio and savor summer fruits from the peach tree and grapevines. With ample space in the backyard to build a garage or workshop, this property combines historic charm with modern amenities and endless possibilities. Don't miss your chance to own a piece of Prescott's history.

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2292 S 155th Lane Goodyear, AZ 85338

$575,000

5 Beds

3.5 Baths

3,169 SqFt

Status Active

MLS # 6741299

Property Type Single Family Residence

Price Type --

Spectacular, totally move-in ready home! Every box will be checked, beginning with the amazing location! Be close to shopping, dining, schools and access to freeways! Being close to Goodyear Ballpark makes Spring Training easy to enjoy, too! Next box to check is this great floorplan! The large foyer and very impressive stairway to the second floor is only the beginning! This floorplan offers the ability to live on the main floor, beginning with the primary suite, featuring a large walk-in closet and newly remodeled bath! Also on the main floor is the large living room/den and a spacious dining room, accented with dentil molding. The upscale eat-in chef's kitchen, with high-end appliances, beautiful granite on the large island with breakfast bar, and the adjoining family room brings everyone together in the heart of the home! But wait, there is more.... Upstairs, you will find 4 additional bedrooms, 2 full baths and a huge bonus/media/game room! To top it all off, the resort-style backyard, with built-in BBQ, fridge, sink and cooktop, heated saltwater pool with waterslide and waterfall, and the heated spa, is your own private oasis! Be settled for the holidays! Freshly painted and new carpet in all bedrooms, you can move in and enjoy!! A quick close is possible!!

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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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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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