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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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

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$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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29305 N 31st Lane Phoenix, AZ 85083

$566,990

4 Beds

2 Baths

1,797 SqFt

Status Active

MLS # 6724489

Property Type Single Family Residence

Price Type --

Below Market Financing Available!!!!!!!!!!!! This single-level home showcases a spacious open floorplan shared between the Great Room, kitchen and dining room, with access to the covered patio for outdoor lounging and entertaining. The owner's suite enjoys a private location at the back of the home, complemented by an en-suite bathroom and walk-in closet. Three additional secondary bedrooms are comfortable and private retreats for household members and overnight guests. Photos are renderings of a model home, not the actual home.

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6428 N 190th Drive Waddell, AZ 85355

Open House

$566,990

3 Beds

2 Baths

2,229 SqFt

Status Active

MLS # 6745700

Property Type Single Family Residence

Price Type --

This beautiful home back towards the White Tanks Mountains on large homesite with no neighbors behind you. The beautiful Irwin floorplan has a 3 tandem garage, 3 bedrooms and two and a half bathrooms. 9' ceilings, wood plank style tile floorings throughout the home, 8' interior doors, gourmet kitchen package, kitchen tile backsplash and huge island makes this home the perfect spot to entertain! This home is built zero energy ready with spray foam insulation, 2 x 6 construction and 85% offset solar system included giving you a HERS rating in the single digits! This home is ready now!

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20701 W Minnezona Avenue Buckeye, AZ 85396

$566,900

2 Beds

2.5 Baths

1,872 SqFt

Status Active

MLS # 6750121

Property Type Single Family Residence

Price Type --

Welcome home to your 1,872 SF spacious retreat nestled on a generous 9,000 SF lot within the tree-lined streets of Victory; this home is perfect for embracing an active lifestyle tailored for those 55+. This charming home features stunning mountain views throughout that you can enjoy. Relax from the comfort of your spacious front porch, ideal to enjoy your peaceful neighborhood or socializing. Step inside to discover hardwood floors, complemented by upgraded carpet in the main living area as well as the bedrooms and loft. The heart of the home, the kitchen, boasts upgraded cabinetry and countertops, along with stainless steel appliances that make cooking a pleasure. You'll appreciate the ample storage space with the extended cabinetry. The home is bathed in natural light, creating a warm and inviting atmosphere that enhances the spacious and airy feel. The primary suite is complete with a large walk-in closet and generous sized bathroom. Down the hall you will find the additional bedroom and bathroom perfect for guests. An upstairs loft provides additional flexible space, perfect for a home office, craft room, or cozy retreat. The backyard, with its stunning mountain views, has mature landscaping that includes fruit trees and drought resistant plants. This home is thoughtfully designed to accommodate both comfort and functionality, making it the perfect choice for enjoying a vibrant and active lifestyle.

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34475 N Fortini Way Queen Creek, AZ 85144

$566,610

5 Beds

3.5 Baths

2,937 SqFt

Status Active

MLS # 6748798

Property Type Single Family Residence

Price Type --

From AZ-24, take Ellsworth Rd, south. Make a right onto Thompson Pkwy. Turn left onto Tesota Way. The sales office will be on your right.

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14155 W Alameda Road Surprise, AZ 85387

$566,433

3 Beds

2.5 Baths

2,226 SqFt

Status Active

MLS # 6734303

Property Type Single Family Residence

Price Type --

MLS#6734303 November Completion. The 50RM1 floorplan at Raveena at Rancho Mercado features 4 bedrooms, a flex room, 2.5 bathrooms, a 3-car garage, and 2,226 sq ft all on one level. Upon entering the foyer, you'll be captivated by the open-concept design, leading to a spacious gathering room, dining area, and a gourmet kitchen. The outdoor living space is perfect for al fresco meals and family time. The owner's suite, secluded for privacy, offers double vanities and a generous walk-in closet. The flex room is ideal for a home office or study area. Two additional bedrooms and a laundry room complete this luxury home. Structural options include: covered outdoor patio, paver front porch, garage service door, alternate A/C location, and soft water loop.

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4373 E Pony Lane Gilbert, AZ 85295

$566,380

4 Beds

2.5 Baths

2,609 SqFt

Status Active

MLS # 6755927

Property Type Single Family Residence

Price Type --

Welcome to Fincher Fields at Cooley Station with this move in ready home! This home has 4-bedrooms, with 2.5 baths. This 2-story home offers 2,609 square feet of spacious living. Great floor plan with a large loft upstairs and a den downstairs. Perfect for an office or playroom. Low maintenance backyard with turf and pavers. A community pool to enjoy those hot summer days.

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15562 S 181st Lane Goodyear, AZ 85338

$565,995

4 Beds

2 Baths

2,612 SqFt

Status Active

MLS # 6728306

Property Type Single Family Residence

Price Type --

This beautiful home is move-in ready. A large center island in the kitchen overlooks the casual dining area. The open-concept kitchen flows effortlessly into the great room and dining room, making this floor plan ideal for entertaining. Discover what luxury living truly means and schedule a tour of this beautiful home.

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1418 W Flintlock Drive San Tan Valley, AZ 85144

$565,990

4 Beds

3 Baths

2,274 SqFt

Status Active

MLS # 6742881

Property Type Single Family Residence

Price Type --

Up to 3% of base price or total purchase price, whichever is less, is available through preferred lender plus additional 3% of base price or total purchase price, whichever is less, is available to be used toward closing costs, pre-paids, rate buy downs, and/or price adjustments. Discover refined living in the Cantania, a former model home with 4 bedrooms and 3 baths in San Tan Heights. Enjoy premium amenities, a private backyard with no rear neighbors, a professionally landscaped yard, an extended 2-car garage, and elegant ceiling-height kitchen cabinets.

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