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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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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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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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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8016 E Medina Avenue Mesa, AZ 85209

$575,000

3 Beds

2 Baths

2,172 SqFt

Status Active

MLS # 6750548

Property Type Single Family Residence

Price Type --

You'll appreciate the central location of this 3-bedroom golf course home in the amenity-packed community of SVE, convenient to the restaurant, pool complexes, workout facilities, golf course and all Clubs/amenities. This well-taken care of home is ready to move in, so you don't delay the upcoming season of fun. There are many features unique to this home including a 9' x 8' bonus room in double garage to park your golf cart or motorcycle or utilize for extra storage or workshop as well as the electronic security shutters that enclose the covered back patio. With over 2,100 sq. ft., this floorplan provides two additional bedrooms creating amble space for visitors. Other features include a vaulted living room, family room with views to the golf course, and a formal dining room that could be converted to an office, craft or sewing room. Enjoy your morning coffee on the covered patio watching golfers attempt a birdie putt on Hole No. 7 with the Superstition Mountains in the background. Enter the home from the expanded south-facing front patio and your eyes will go right to the view of the golf course. You'll notice the abundant amount of light in the tiled kitchen coming from the sliding glass door in the dine-in area, with the kitchen providing beautiful cabinets with pull-out shelves. The large family room creates that extra space for entertaining as it includes a wet bar as well as access to the golf course patio. A primary bedroom allows the south sun to brighten the room and provides a private bathroom and walk in closet. The guest bathroom with tub/shower combo is centrally located between the second and third bedroom. The guest bedroom with north-window overlooking golf course is an expanded bedroom with his/her closets. If you didn't need a third bedroom, you could use the extra space for an office, sewing room or craft/hobby room. The garage features built in cabinets, a work bench, an exterior service door, and the bonus room. Sunland Village East is a community that provides an amenity for everyone's interests while still maintaining low annual HOA fees.

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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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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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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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3104 S Calle Noventa -- Mesa, AZ 85212

$575,000

5 Beds

3 Baths

2,886 SqFt

Status Active Under Contract

MLS # 6756563

Property Type Single Family Residence

Price Type --

This stunning 5-bedroom, 3-bathroom home is nestled on a sprawling 10,000+ sqft. lot in Mesa! Boasting 2,886 sqft. of living space, this 2-story gem offers a perfect blend of comfort and style. The main level features a spacious bedroom with a full bathroom, perfect for guests or multi-generational living. Upstairs, enjoy the versatility of a loft space and retreat to the luxurious primary suite through charming French doors. The suite showcases an expansive walk-in closet and a beautifully designed bathroom with an extra linen closet. 2 additional bedrooms include walk-in closets for ample storage. The kitchen is a dream with granite countertops, an island, and a large pantry/utility room. With no neighbors directly behind, this home offers added privacy and a backyard with lush grass.

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13809 N Woodside Drive Fountain Hills, AZ 85268

New

$575,000

2 Beds

2 Baths

1,451 SqFt

Status Active

MLS # 6762705

Property Type Single Family Residence

Price Type --

Welcome to your beautiful desert retreat, backing to the preserve for total privacy and mountain and city light views! Walking distance to Fountain Hills Park & World Famous Fountain! Open floor plan with spacious great room. Sliding glass door and big windows in the great room fill the home with natural light. Eat- in kitchen with breakfast nook. Primary suite with slider to backyard, walk-in shower, and walk-in closet. Low maintenance backyard with covered patio, built-in BBQ, and gorgeous custom stone water feature overlooking the serene desert view. Enjoy the community pool & spa as well as the convenient location close to trails, shopping, golf, dining, and more. Be sure to check out this beautiful winter retreat!

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6202 E Mckellips Road Unit 42 Mesa, AZ 85215

New

$575,000

2 Beds

2 Baths

1,587 SqFt

Status Active

MLS # 6762857

Property Type Single Family Residence

Price Type --

Welcome to your dream home in the gorgeous, gated community of Tuscany Villas! This beautifully furnished, detached home offers a prime location right on the golf course, perfect for enjoying peaceful mornings or sunset views. Whether you're looking for a full-time residence, a personal vacation getaway, or a lock-and-leave option, this property delivers versatility and luxury. Inside, you'll find an open kitchen, granite countertops and high-quality furnishings throughout. Recent updates include a new HVAC system and water heater. Please see documents tab regarding items that do not convey as well as HOA information.

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804 N Wilderness Circle Payson, AZ 85541

New

$575,000

3 Beds

2 Baths

1,686 SqFt

Status Active

MLS # 6762747

Property Type Single Family Residence

Price Type --

This beautifully maintained and updated home is located in the Woodhill subdivision on a quiet cul-de-sac. The home offers large rooms, a split floor plan, a generous primary suite with an oversized closet, hickory extended cabinets, a breakfast bar, vaulted ceilings, and a large screened covered patio. It has new exterior paint, a new Electric Heat Pump, water heater, primary bathroom shower, beautiful luxury vinyl plank flooring, a roof replaced two years ago, and much more. You do not want to miss out on this perfect place to call your home!

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