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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16410 W Desert Mirage Drive Surprise, AZ 85388

$574,990
4 Beds
2.5 Baths
2,224 SqFt
Status Active
MLS # 6612465
Property Type Single Family Residence
Price Type --
PACK YOUR BAGS.... It's the stunning Crimson floor plan with 4 bedrooms, 2.5 baths, 3 car garage with large storage area. Walk in shower at owner's bath with surround surrounds. Multi slide door off the great room that leads out to the extended covered patio. Bay window at owner's suite. Stainless steel gas appliance package with built in 30'' cooktop. Sonoma Maple ''Linen-off white'' cabinets DT One ''Evening Gray'' quartz countertops in kitchen and at the enhanced kitchen island. DT marble attache Matte Callacatta backsplash. 42'' kitchen uppers and a pull out trash drawer. Upgrade flooring includes EMS Beaumont 7x24 Bosso tile in all areas of the home except bedrooms/closets. Dual sink at bath 2 and much more.

9459 E Sector Drive Mesa, AZ 85212

$574,990
4 Beds
3 Baths
2,668 SqFt
Status Active
MLS # 6722439
Property Type Single Family Residence
Price Type --
This two-story Verbena plan in Eastmark is a single-family home that boasts 8 foot doors, 4 spacious bedrooms, 3 baths and family-friendly loft space. Upon entering into this home, you'll see a full bedroom and bath on the first floor. Move into the great room with huge family room, kitchen with island, and dining area. This home is finished with the Harmony Premium collection which boasts Stainless Steel gas appliances, side by side fridge, quartz countertops, and white shaker cabinets with a huge center island perfect for pulling up a stool for morning pancakes. The great room is truly grand letting in a ton of light but easily transitions you outdoors onto the covered patio. The upstairs loft is a perfect place for a home office or childrens play area. This amazing home will This two-story Verbena plan in Eastmark is a single-family home that boasts 8 foot doors, 4 spacious bedrooms, 3 baths and family-friendly loft space. Upon entering into this home, you'll see a full bedroom and bath on the first floor. Move into the great room with huge family room, kitchen with island, and dining area. This home is finished with the Harmony Premium collection which boasts Stainless Steel gas appliances, side by side fridge, quartz countertops, and white shaker cabinets with a huge center island perfect for pulling up a stool for morning pancakes. The great room is truly grand letting in a ton of light but easily transitions you outdoors onto the covered patio. The upstairs loft is a perfect place for a home office or childrens play area. This amazing home will also come with front pavers, blinds, washer, dryer, and a garage motor. Living in Eastmark will have you and your family enjoying eveyday.

11433 E Peterson Avenue Mesa, AZ 85212

$574,900
5 Beds
2.5 Baths
2,951 SqFt
Status Active
MLS # 6735195
Property Type Single Family Residence
Price Type --
Beautiful, Spacious 2 story pool home with Oversized 3 car garage and desert landscaped around. Meridian Pointe is a great community for all ages. This area is close to shopping, restaurants, coffee houses, hospitals, and schools but yet set off the main streets so enjoyable for peace and quiet too. Enjoy the Pebble Tec pool with a waterfall as you entertainin the outdoor BBQ island featuring Sunsetter automatic shades providing for enjoyment. Open flowing floorplan with formal living and dining rooms. Eat in kitchen and large vaulted ceiling to 2nd floor family room with fireplace. Central air with 2 units. Large Master with separate tub and shower, large walk in closet with built ins. This home is a MUST SEE.

4406 W Jacaranda Drive Eloy, AZ 85131

$574,900
2 Beds
2.5 Baths
2,228 SqFt
Status Active
MLS # 6738858
Property Type Single Family Residence
Price Type --
You will love this Partially Furnished, HIGHLY UPGRADED MIRAMONTE on VIEW LOT! Built in 2022. This 2 bedroom, 2.5 bath + den & 3 car garage is a GORGEOUS. Kitchen features Quartz countertops, backsplash, staggered cabinets w/pulls, RO, SS appliances, wall oven/microwave, gas cooktop, SS hood, Blanco granite sink, under cabinet & pendant lights. Master has tiled walk-in shower & granite vanities. Guests will love the spacious & private guest room w/en-suite bathroom & tiled walk-in shower. Upgrades include wood flooring, 8 ft doors, tall baseboards & sliding windows in great room. Guys will love the separate single garage w/bump & work bench. Step out back to the professionally landscaped backyard on view lot w/extended paver patio, pergola, firepit, artificial grass & open views!

520 S Roosevelt Street Unit 1009 Tempe, AZ 85281

$574,900
2 Beds
2.5 Baths
1,483 SqFt
Status Active
MLS # 6743200
Property Type Apartment
Price Type --
Tempe Urban Living, now ''Skye 15 Lofts'', nestled within the Riverside-Sunset Neighborhood just west of Mill Avenue in Downtown Tempe, is truly an architectural gem. Designed by the Baldinger Studio, this large 2 bed, 2.5 bath loft shares a common modern DNA: open floor plans, exposed block construction, Rooftop Terraces, urban Backyard w/synthetic grass, and European style cabinetry. But most importantly, they share modern minimalist architecture that is unique not only to Downtown Tempe, but to the entire Valley of the Sun. This dwelling is walking distance to the Metro light rail, Tempe Town Lake, Mill Ave Streetcar, Whole Foods Marketplace, Mill Avenue with tons of shops and restaurants, ASU and everything else downtown Tempe has to offer!

22241 E Calle De Flores Street Queen Creek, AZ 85142

$574,900
3 Beds
2 Baths
1,708 SqFt
Status Active
MLS # 6759423
Property Type Single Family Residence
Price Type --
This single level gorgeous Arizona golf course home has it all! 3 bdrm + office. Split floor plan. 2 full baths w/ double sinks. Recently remodeled w/ many designer features. 2021 heated pool and spa w/ Intellicenter & modern travertine decking. Covered patio, perfect for relaxing all day! BACKS TO GOLF COURSE & you can watch Schnepf Farms fireworks from the backyard! 2021 full Trane AC/Furnace. 2020 water heater & kitchen appliances. Amazing location close to everything in Queen Creek.

7024 S Sipapu Court Gold Canyon, AZ 85118

$574,900
3 Beds
2 Baths
1,610 SqFt
Status Active
MLS # 6750611
Property Type Single Family Residence
Price Type --
Incredible updated home on over ¼ acre with resort style yard backs up to open desert & has MTN views! Home remodeled in 2020! Kitchen includes quartz counters, refinished cabinets, backsplash, stainless steel appliances & breakfast bar! New interior/exterior paint, wood laminate flooring & all light fixtures/fans. Master bed/bath remodeled 2020 w/ walk in tiled shower, new plumbing fixtures, double doors open to outside paradise. Hall bath remodeled 2020! NEW AC 2022! Great room/Master bed fireplaces! Backyard oasis has solar heated pebbletec pool with waterfall, spa conveys, built in BBQ, outdoor fireplace, pergola, large patio. Gold Canyon has some of the most beautiful views in AZ. This large 12,300+ SF cul-de-sac lot backs up to open desert. No neighbors behind! This home is amazing! Other features or additional info; New sun screens, mature trees, heated pool, 32 inch TV on patio conveys as well, walking bridge in front yard, large walkin master closet, both bathrooms have water saving toilets, new wine fridge, skylights, newer Samsung front loading washer and dryer convey, pool shower, enclosed pool & pump! Roof was just recoated and serviced in 2024! GARAGE can fit a full size crew cab truck. Garage also has new hot water heater, garage sink, epoxy floors, service door, storage racks/cabinets

9812 E Pampa Avenue Mesa, AZ 85212

$574,900
5 Beds
2 Baths
2,472 SqFt
Status Active
MLS # 6752414
Property Type Single Family Residence
Price Type --
This 5 bedroom single level home is ready for new owners! With an oversized guest quarters/living space this property is perfect for multi generational living or an oversized office/game room. Equipped with NEW AC Units and a bright open floor plan you will love the layout of this well cared for home. The kitchen has a large island, tons of cabinet space and a large dining table for gathering. With a walk in pantry and oversized laundry there's plenty of room for storage. The oversized 3 car garage is air conditioned and has plenty of room for a workshop or gym. In the backyard you'll find a covered patio, garden with citrus and pomegranates, a water retention system and irrigation, as well as chicken coop! With quick freeway access you will love this location!

225 E Mclellan Road Mesa, AZ 85201

$574,900
3 Beds
2 Baths
1,850 SqFt
Status Active
MLS # 6746273
Property Type Single Family Residence
Price Type --
Do not miss this charming 3-bedroom 2 bath upgraded home. This is one of the best lots in the sub-division. Wonderful corner lot with greenbelt across the street. Your entry leads to a spacious great room with 10-foot ceilings and windows looking out to your resort style backyard. The kitchen has been highly upgraded with beautiful cabinets, massive island and quartz counters. Enjoy a breakfast room as well as a large breakfast bar. Your master suite has a walk-in shower, dble vanity, water closet and a large walk-in closet. Both secondary bedrooms are good sized and share a bathroom. Large backyard with a sparkling Pebble Tech pool and lots of privacy from this corner lot. Whole house filtration system and solar. Custom Wood Blinds Throughout.

2317 W Calle Marita Drive Phoenix, AZ 85085

$574,900
4 Beds
3 Baths
2,537 SqFt
Status Active
MLS # 6712770
Property Type Single Family Residence
Price Type --
THIS BEAUTIFUL NORTH PHOENIX HOME WON'T DISAPPOINT IN A QUIET CUL DE SAC OF THE SONORAN FOOTHILLS NEIGHBORHOOD. SPACIOUS 4 BEDROOM 3 BATHROOM FLOORPLAN HAS IT ALL WITH A FULL BEDROOM AND BATH DOWNSTAIRS. GORGEOUS KITCHEN WITH GRANITE COUNTERS, DESIGNER CABINETS AND NEWER STAINLESS STEEL APPLIANCES. UPSTAIRS LOFT FOR OFFICE OR PLAY ROOM. UPGRADED LUXRY VINYL WOOD FLOORS THROUGHOUT UPSTAIRS WITH NEUTRAL PAINT PALETTE AND NEW FIXTURES. OVERSIZED 2 CAR GARAGE WITH STORAGE AND EPOXY FLOORING. LOW MAINTENANCE FRONT AND BACK YARD WITH PLENTY OF ROOM FOR KIDS AND ENTERTAINING. WITHIN WALKING DISTANCE TO SONORAN FOOTHILLS SCHOOL, THE COMMUNITY CENTER WITH POOL, TENNIS COURTS, PICKLE BALL, BASKETBALL COURTS, SAND VOLLEYBALL, DOG PARKS, SPLASH PAD AND HIKING TRAILS. MINUTES FROM FREEWAYS, SHOPPING AND ALL NORTERRA HAS TO OFFER.

1618 E Greenway Street Mesa, AZ 85203

$574,900
3 Beds
2 Baths
2,326 SqFt
Status Active
MLS # 6741820
Property Type Single Family Residence
Price Type --
This stunning home features a complete remodel with raised ceilings, newer wood-look tile flooring, and an open floor plan. NO HOA. The home boasts two fireplaces, adding warmth and charm. The kitchen offers a timeless and clean look with white cabinets and butcher block countertops, while a custom kitchen island adds valuable counter space and storage. Recent upgrades include a new roof, HVAC duct work, and new windows, ensuring comfort and energy efficiency. New driveways and walkways enhance curb appeal and accessibility. An additional driveway with an RV gate provides easy access to the huge backyard, perfect for recreational vehicles or additional parking. This opens up possibilities for outdoor activities. With a sparkling pool and a new oversized custom pergola.

7813 E Dallas Street Mesa, AZ 85207

$574,900
4 Beds
2 Baths
1,932 SqFt
Status Active
MLS # 6751946
Property Type Single Family Residence
Price Type --
Welcome to your next home. This home features separate living and family rooms, open kitchen with breakfast bar, newer appliances, gas range, slide out drawers and breakfast nook. Vaulted ceilings though out, large master suite w/walk-in closet and walk-in shower. 3 car garage with all new openers, cabinets and new water heater. Beautiful recently resurfaced pebble tech pool with all new equipment. RV gate, lots of parking space, excellently landscaped front yard, Great schools, parks, shopping, commuting and NO HOA!

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