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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21245 E Macaw Drive Queen Creek, AZ 85142

$568,275

3 Beds

3 Baths

2,352 SqFt

Status Active

MLS # 6730816

Property Type Single Family Residence

Price Type --

Welcome to this BEAUTIFUL NEW 2024 home in Ascent at Jorde Farms with over $85k in UPGRADES including the landscaped front yard on a premium corner lot! Step inside to the gourmet kitchen w/DESIGNER cabinets, quartz countertops + Whirlpool stainless appliances! The open-concept great room is perfect for gatherings. PRIVATE primary bedroom w/ensuite bath + BIG walk-in closet! 3 bedrooms, 3 full baths + a flex room! Upgraded paint, flooring + MORE! This residence is part of the charming Ascent at Jorde Farms community, with plans for a pool, walking paths, and parks. Great restaurants and shopping nearby! WELCOME HOME!

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14278 W Alameda Road Surprise, AZ 85387

$568,018

3 Beds

2.5 Baths

2,440 SqFt

Status Active

MLS # 6706181

Property Type Single Family Residence

Price Type --

ML#6706181 Ready Now! The 45-RM2 in Almeria at Rancho Mercado is a beautiful single story floor plan featuring 2,379 square feet of living space, 3 bedrooms, a flex room, 2.5-baths, and 3-car tandem garage. Enjoy the open concept living with the great room, dining room, and kitchen opening to the giant private rear patio. Two secondary bedrooms, a flex room - ideal for a home office or quiet study room for the kids, a shared full bath with dual sinks, and convenient laundry room complete this beautiful home.

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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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825 S Henry Lane Gilbert, AZ 85296

$568,000

3 Beds

2.5 Baths

2,529 SqFt

Status Active

MLS # 6758655

Property Type Single Family Residence

Price Type --

Welcome to this stunning 3-bedroom, 2.5-bathroom home nestled in a prime corner lot in Gilbert! This spacious 2-story, 2,467 sq ft property boasts a versatile loft and a den/office, perfect for work-from-home setups or additional living space. The main floor features elegant hardwood flooring, complemented by gorgeous plantation shutters throughout the home. The kitchen is a chef's delight with cherry 42-inch cabinetry, granite countertops, and stainless steel appliances. Enjoy outdoor living with your private courtyard, ideal for relaxing or entertaining. The 3-car garage provides plenty of space for vehicles and storage. The HOA maintains the front yard and offers access to community pools, making maintenance a breeze. With easy freeway access, and close proximity to shopping and shopping and restaurants, this home combines comfort, style, and convenience in one perfect package.

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4550 E Olney Avenue Gilbert, AZ 85234

$568,000

3 Beds

2 Baths

1,881 SqFt

Status Active

MLS # 6747316

Property Type Single Family Residence

Price Type --

Immaculately maintained, this home offers exceptional privacy with no two-story neighbors on either side or behind, ensuring a secluded backyard. Inside, enjoy high-end features like plantation shutters throughout and luxurious quartz countertops in the kitchen—a must-see! In photos labeled front room currently being used as a sitting room could easily be formal dining, office or guest room as well. The property includes a spacious 3-car garage and gated extra parking, perfect for low-profile toys or a dog run. Sellers have found their replacement home. Priced to sell quickly, this home won't last long! Agents please see the attached list of upgrades and repairs.

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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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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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20713 N 59th Drive Glendale, AZ 85308

Open House

$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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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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