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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5624 E Garnet Avenue Mesa, AZ 85206

$568,000

3 Beds

2 Baths

1,847 SqFt

Status Active

MLS # 6760553

Property Type Single Family Residence

Price Type --

Welcome to this beautifully maintained single-story family home nestled in the mature and desirable Stonegate Estates. Cozy front sitting porch with mature landscaping. Offering 3 spacious bedrooms and 2 full bathrooms, this residence is the epitome of comfort and convenience. The open floor plan is perfect for both entertaining and everyday living, featuring a custom kitchen complete with granite countertops, custom cabinetry, and all included appliances. Plantation shutters add airyness and privacy throughout the homes. The main bedroom is thoughtfully designed with a split layout, providing privacy, a large walk-in closet, and a luxurious ensuite bathroom. Step outside to your private oasis with a sparkling pool and a possible half-court basketball area, ideal for outdoor fun. The 3-car garage offers ample space for vehicles and storage, best it is wired for 220. Recent upgrades include a new HVAC system, pool pump/filter, hot water heater, and dishwasherall updated within the last five years. Located close to freeways 202 and 60, to access the many jobs from Boeing, META, Amazon, hospitals, and the high tech industry. This home offers easy access to Superstition State Park, nearby lakes, and a variety of shopping, dining, and entertainment options. Easy ride to either Sky Harbor and Phx-Gateway Airports. Don't miss the opportunity to own this gem in Stonegate Estates!

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12386 W Cassia Trail Peoria, AZ 85383

$568,000

4 Beds

3 Baths

2,374 SqFt

Status Active

MLS # 6752908

Property Type Single Family Residence

Price Type --

Discover your dream home in this stunning 4-bedroom, 3-bathroom gem. With a spacious loft and a covered patio, this home offers plenty of room to grow and entertain. The kitchen is a chef's delight, featuring modern finishes and a stylish herringbone pattern backsplash that adds a touch of elegance. The beautiful wood-like tile flooring in high traffic areas adds warmth and durability. The unfinished backyard has mountain view and is a blank slate, ready for you to customize and create your perfect outdoor oasis.

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20323 E Happy Road Queen Creek, AZ 85142

$568,000

3 Beds

2 Baths

2,080 SqFt

Status Active

MLS # 6754931

Property Type Manufactured Home

Price Type --

Spacious and bright 3-bedroom, 2-bathroom modular home on just over an acre of land in Queen Creek, AZ with large bedrooms, walk-in closets and large storage closets. Luxury vinyl plank (LVP) installed throughout entire house in 2019. New roof installed September 2021. Acre is perimeter and cross fenced and within riding and walking distance of Santan Mountain Regional Park. 16' x 32' galvanized steel 2-stall shed row for horses and huge paver patio for outdoor enjoyment yet property is minutes away from Equestrian Center, Fry's Grocery, Fat Cats, Caldwell County BBQ and more.

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2177 E Apollo Avenue Tempe, AZ 85283

$568,000

3 Beds

2 Baths

1,778 SqFt

Status Active

MLS # 6752846

Property Type Single Family Residence

Price Type --

** UPDATED SINGLE-LEVEL THREE BEDROOM -- SITUATED ON A QUIET, INTERIOR LOT IN A GREAT TEMPE LOCATION!! ** Look at all the Improvements: Updated Kitchen and Bathrooms 2024 -- check out those Beautiful Quartz Countertops! ** Freshly Painted Interior ** Removal of ''Popcorn'' Ceilings ** LVP Flooring Installed 2022 ** Roof and A/C Replacement 2019 ** Backyard Updated in 2020 and Includes a Built-in Propane Grill, Covered Patio, Artificial Turf and Lemon Tree ** Updated Exterior Watering System (Front and Back) 2024 ** Family Room with Fireplace, plus Additional Living Room ** Attached Two-Car Garage with Updated Garage Door ** Super Close to the 101 and 60 Freeways, Shopping, Restaurants, Parks and Schools **

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935 Calle Azul -- Wickenburg, AZ 85390

$567,900

4 Beds

2 Baths

1,884 SqFt

Status Active

MLS # 6722019

Property Type Single Family Residence

Price Type --

Beautiful 4bed 2bath 2 car garage home with a large lot large patio RV gate with amazing views. Must see property in Wickenburg AZ.

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20713 N 59th Drive Glendale, AZ 85308

$567,500

4 Beds

2 Baths

1,854 SqFt

Status Active

MLS # 6745509

Property Type Single Family Residence

Price Type --

Beautiful, well kept home conveniently located in the Tuscany Point neighborhood in Arrowhead Ranch. This home has mountain and lake views and sits near the golf course! The home has been updated over the years with too many upgrades to list! An open concept kitchen, grey cabinets, stainless steel appliances, wood like tile, and a newly remodeled master bathroom (2021) that includes a walk in shower and a free standing tub! The paved backyard has a sparkling play pool (resurfaced in 2020) with a waterfall and room to entertain! Owned soft water system (2023) and leased Solar panel with fixed rate! Lots of easy to maintain landscape and great neighborhood! Schedule a showing today!

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8718 N 180th Drive Waddell, AZ 85355

$567,500

5 Beds

3.5 Baths

3,548 SqFt

Status Active

MLS # 6715988

Property Type Single Family Residence

Price Type --

Don't miss out on this beautiful Pulte home in a Great location! Easy access to the 303, I-10 and Luke Air Force Base. This home has an amazing floorplan with the master suite downstairs and 4 large bedrooms plus a huge loft upstairs. The nice sized lot backs to a greenbelt with mountain views from the backyard. You can take this all in while enjoying some quality time under the expansive covered patio. Some of the many wonderful features you will find inside include, granite countertops, an eat-in kitchen, tasteful neutral flooring and tons of storage space. The laundry room has ample space plus a utility sink. The 3 car garage features shelving and an epoxy floor. Come see it today. This one won't last.....

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10221 S Bickwell Trail Apache Junction, AZ 85120

$567,028

4 Beds

2 Baths

2,386 SqFt

Status Active

MLS # 6739939

Property Type Single Family Residence

Price Type --

Experience the difference at Laurel at Blossom Rock! This stunning single-story Laredo design is currently under construction and features a spacious open-concept floorplan. The heart of the home includes an inviting kitchen with an island, seamlessly connected to a bright great room that opens to a private, covered outdoor living space. With 4 bedrooms, 3 bathrooms, and a convenient drop zone right off the 3-car garage, this home offers both comfort and functionality. Plus, $49,000 in premium upgrades are already included, and special financing options are available. The home is expected to be completed by November. Living at Blossom Rock means embracing the outdoors with community parks, miles of scenic trails, beautiful lakes, and signature events. Nearby the Superstition Mountains.

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3102 W T Ryan Lane Phoenix, AZ 85041

$567,000

4 Beds

2.5 Baths

3,182 SqFt

Status Active

MLS # 6760028

Property Type Single Family Residence

Price Type --

Two-Story Home with Large Lot and Loft! Welcome to this stunning two-story home, perfectly situated on a large lot. This spacious 4 bedroom, 2.5 bath residence features an open-concept design ideal for modern living. The main floor boasts a large living room with abundant natural light, a gourmet kitchen with an island and walk-in pantry, and a formal dining area that opens to the backyard. The private master suite is located on the main level, offering a luxurious en-suite bath with a walk-in shower, soaking tub, double vanity, and a spacious walk-in closet. Upstairs, you'll find 3 additional large bedrooms and a versatile loft area—perfect for a second living room, media room, or home office. The expansive backyard is perfect for outdoor entertaining, & room for a pool and more...

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3025 E Rochelle Street Mesa, AZ 85213

New

$567,000

4 Beds

2 Baths

1,791 SqFt

Status Active

MLS # 6751033

Property Type Single Family Residence

Price Type --

This modern 4-bedroom, 2-bathroom gem is in the desirable gated Lehi Crossing community. With 1,791 sqft of stylish living space and built in 2014, this home boasts a split floor plan and corner lot for added privacy. The kitchen features beautiful large 42 in cabinets with crown molding, granite counters, island, and stainless steel appliances. The primary suite features a full bathroom, separate tub/shower, and large walk in closet and linen closet for ample storage. Step outside to a low-maintenance turf backyard with a covered patio, ideal for outdoor entertaining. This home as beautiful views of the Red Mountain and N/S exposure. It was recently painted, inside and out and is ready for its new owner!

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11300 N Casa Dega Drive Unit 1069 Surprise, AZ 85388

$566,995

3 Beds

2.5 Baths

1,826 SqFt

Status Active

MLS # 6647431

Property Type Townhouse

Price Type --

This Villa is within this beautifully landscaped, all-ages gated master planned community featuring an active lifestyle with golf, clubhouse activities, pools, sport courts, professional spa, and an on-site restaurant and bars. The unit features 3 bedrooms, 2.5 bathrooms and a 2 car garage. The first floor features two bedrooms with a spacious bathroom. The second floor boasts a well-appointed kitchen, great room, and casual dining space. Secluded on the second floor is the expansive primary bedroom, complete with a walk-in closet and a resort-style bathroom suite.

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12003 W Parkway Lane Avondale, AZ 85323

New

$566,995

4 Beds

3 Baths

2,480 SqFt

Status Active

MLS # 6761530

Property Type Single Family Residence

Price Type --

The heart of this ranch-style home is an open floor plan with a family room, a breakfast nook and a large gourmet kitchen. The adjacent primary suite offers a walk-in closet and an attached bath. You'll also find two additional bedrooms and a bath, as well as a quiet study and complete with a living area, bedroom, and private bath. Includes covered patio and a 3-car-garage!

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