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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11840 N 59th Lane Glendale, AZ 85304

$565,000

4 Beds

3 Baths

2,523 SqFt

Status Active

MLS # 6673649

Property Type Single Family Residence

Price Type --

Beautifully Designed Single Level Multi-Generational Home with Split Floorplan located in The Gated Community of Cholla Cove. Two Master Bedrooms, Two Additional Bedrooms, Spacious Den/Office, Wide Hallways, and comes with Plenty of Storage. Relax out by the Saltwater Play Pool or Enjoy the Plush Grass. *Solar Panels are Owned* Home is monitored by ADT, Vacuflo Central Vac, Envirotec Water Softner System, Large Tile, Granite Countertops, Epoxy Garage Floors, Professionally Landscaped, and many more upgrades included with this property. Home is located across the street from the Mailbox and Green Belt with Ramada where it sits on an Interior Lot in a Quite Sought-After Community,

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15636 N 14th Drive Phoenix, AZ 85023

$565,000

4 Beds

2.5 Baths

2,328 SqFt

Status Active

MLS # 6718922

Property Type Single Family Residence

Price Type --

Become the proud owner of this lovely 4-bedroom, 2.5-bath residence on a desirable corner lot! Excellent curb appeal, complete with a 3-car garage. Step into formal living and dining room with vaulted ceilings and sweeping staircase. Lovely travertine tile, new carpet, fresh interior paint and ceiling fans throughout. The great room/ kitchen has vaulted ceilings, charming breakfast nook, stainless steel appliances, and an island with breakfast bar. Enter the backyard through oversized sliding doors leading to an inviting outdoor living space. Outside, the backyard features a covered patio, stylish pavers, and ample space to create your dream oasis. The main bedroom is downstairs. New granite countertops and tile in the bathroom with dual sinks, separate shower, garden tub, walk-in closet The upstairs includes three spacious bedrooms, 2 with bay windows, and large hall bathroom. All of this conveniently located near neighborhood restaurants, Target and the I-17. Roof underlayment was replaced in 2024.

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20322 E Broadmoor Trail Queen Creek, AZ 85142

$565,000

4 Beds

2.5 Baths

1,959 SqFt

Status Active

MLS # 6738864

Property Type Single Family Residence

Price Type --

Amazing Queen Creek home in the Victoria Heights community! 43 panel solar system is OWNED! SAVING you BIG on your utility bills! Property is situated on a corner lot surrounded by all single story homes! Backyard living is abundant! North South exposure, covered patio, travertine pavers, plush landscape, faux grass and gorgeous heated private pool built in 2021 that is HEATED BY SOLAR! Kitchen boasts oak cabinetry, granite countertops, stainless steel appliances and walk in pantry. Family room with slider that overlooks the pool! Primary suite with a walk in shower and large closet. Lots of natural abundant light! Laundry room with cabinets and utility sink! 2 car garage with epoxy floors. Close to everything that Queen Creek has to offer! Pride of ownership shines!

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1640 W Corona Drive Chandler, AZ 85224

$565,000

4 Beds

2 Baths

2,186 SqFt

Status Active Under Contract

MLS # 6690465

Property Type Single Family Residence

Price Type --

**Offering $10K of seller concessions** Located in the coveted Andersen Springs, this impeccably maintained home is ready for its new owner! Boasting 4 bedrooms and 2 full bathrooms there is ample space for the whole family. From the moment you step inside, you'll be greeted by a sense of warmth and care that's evident in every corner. The living area exudes charm and comfort, providing the ideal space for relaxation or hosting gatherings. The backyard is spacious and private with mature citrus trees and great shade from the covered patio. Roof and HVAC unit only 6 years old! With great schools nearby, close to freeways, and convenient shopping and entertainment, this home is priced to sell and won't last long.

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9854 W Ross Avenue Peoria, AZ 85382

$565,000

4 Beds

2 Baths

1,828 SqFt

Status Active

MLS # 6678518

Property Type Single Family Residence

Price Type --

Welcome Home! This 4-bed, 2-bath home sits on a huge 15,284 Sq. Ft. lot! The home offers vaulted ceilings, a freshly painted interior, tile and laminate flooring throughout. Be greeted upon entry to a gracious amount of living space. The owner's suite boasts a walk-in closet and private bathroom offering dual sinks with a separate shower and tub. The eat-in kitchen features granite countertops, a breakfast bar, stainless steel appliances and plenty of natural lighting. Make your way out back to an above ground hot tub and a SPARKLING PEBBLE FINISH POOL entirely resurfaced in 2022. Relax comfortably under the paved and extended covered patio. Here you will be conveniently located just minutes from Peoria's most popular shopping, dining and entertainment spot

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420 N Leoma Lane Chandler, AZ 85225

$565,000

3 Beds

2 Baths

1,743 SqFt

Status Active

MLS # 6739243

Property Type Single Family Residence

Price Type --

Bright, open, spacious floorplan! Lovely neutral paint throughout, VAULTED ceilings in every room, LOTS of big, bright windows with faux wood blinds, tile flooring with carpeted bedrooms, BEAUTIFUL, larger, garden like backyard with play pool and built in BBQ. This house has such good energy. Oh... and NO HOA! 🙂 ***Some items in house and yards may be purchased on a separate bill of sale***

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3403 S Bala Drive Tempe, AZ 85282

$565,000

3 Beds

2 Baths

2,198 SqFt

Status Active

MLS # 6744899

Property Type Single Family Residence

Price Type --

This is your chance to own a charming home with POOL, nestled on a HUGE corner lot. Offering 3 beds, 2 baths, low-care landscape, and a 2-car garage w/cabinetry. It is larger than most homes in the area and roof, windows, hot water heater, and pool pump have all been replaced within the last 9 years. Do you love convenience? No more long commutes - it is close to the 101 for easy access anywhere in the city. The kitchen boasts SS appliances, ample counters, recessed lighting, plenty of cabinets, and a peninsula w/breakfast bar. Main bedroom has outdoor access and an ensuite w/walk-in closet & dual sinks. French & sliding doors open to the backyard, a perfect spot for relaxing or entertaining! With a covered patio & a diving pool, this space promises year-round enjoyment.

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17514 N Horseshoe Drive Surprise, AZ 85374

Open House

$565,000

2 Beds

2 Baths

2,298 SqFt

Status Active

MLS # 6747590

Property Type Single Family Residence

Price Type --

ONE OF THE MOST LUXURIOUS HOMES IN THE PRESTIGIOUS 'PINNACLE' AREA OF THE GRAND * SOLAR LEASE HAS BEEN PREPAID TILL 2032 SO NO MONTHLY EXPENSE. (SAVE 1,000S ) YOU WILL NOT WANT TO MISS THIS ONE !!! EXCEPTIONAL UPGRADES GALORE*FAUX STONE FRONT*STUNNING 18 INCH PORCELAIN TILE*MAGNIFICENT GRANITE COUNTER TOPS & BACKSPLASH * EXQUISITE CUSTOM DESIGNED CHERRY WOOD KITCH CABS, LIBRARY, DEN, MEDIA CENTER * SURROND SOUND* SMOOTH TOP RANGE * 2 OVENS-CONVEN&CONVEC * * GORGEOUS PVT BCKYD W/HUGE PATIO-W/BI BBQ,& SPECTACULAR WTRFALL*3 CAR GAR WITH SERVICE DOOR AND UTILITY SINK*LOW E WINDOWS* ALL APPLIANCES INCLUDED. BEDROOMS HAVE NEW CARPET. PERFECT HOME FOR ENTERTAINING. ACROSS FROM GOLF COURSE AND WATER VIEW. The Grand is a 45+ master planned golf course community Sun City Grand, an active adult community in Surprise, Arizona, offers a variety of amenities including: Four 18-hole golf courses Two fitness centers Two resort-style pools Two outdoor lap pools One indoor pool Tennis courts Pickleball courts Bocce ball courts

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19538 N Crestview Lane Maricopa, AZ 85138

Open House

$565,000

5 Beds

3.5 Baths

3,314 SqFt

Status Active

MLS # 6748929

Property Type Single Family Residence

Price Type --

You must see Maricopa's favorite floor plan before it sells! This gorgeous 5-bedroom, 3.5-bath home is a true multi-generational (Next Gen) home, perfect for extended families, guests, or rental income (could bring in $1500/month). The additional 800 sq ft suite offers a private entrance, family room area, kitchenette, sink, dishwasher, separate bedroom, walk-in closet, washer/dryer, and full bathroom! The sellers added upper cabinets, a built-in microwave, and a sliding glass door to the backyard. But there is more! In 2022, they built a NEW POOL with a raised spa with a water feature, pebble tec finish, and a Baja shelf for the kiddos or sunbathing. And yes, both the pool and spa are heated! Richmond America makes excellent homes, and this one is no exception with its beautiful kitchen boasting stainless appliances, double ovens, quartz countertops, a massive island with seating, 42 cabinets, and an extra-large walk-in pantry. The Sellers added a 5th bedroom upstairs by splitting up the huge loft. All the bedrooms have walk-in closets and 9 ft ceilings. The laundry room is upstairs, and the master retreat is super-sized and to die for! This beautiful home is only eight years old and feels brand new. The home is situated in the gorgeous master-planned community of Glennwilde, which features two community pools, a splash pad, walking paths, and playgrounds. Close to Sprouts, the new Home Depot, Tractor Supply and restaurants/shopping. Walking distance to Pacana Park.

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14213 N 34th Way Phoenix, AZ 85032

Open House

$565,000

3 Beds

2 Baths

1,695 SqFt

Status Active

MLS # 6759900

Property Type Single Family Residence

Price Type --

Beautiful 3 bed, 2 bath home in a great Phoenix location! Its charm starts with a desert front yard, RV gate w/epoxy slab, and a 2-car garage w/cabinets. Enter to find a large great room, tons of natural light, vaulted ceilings that add to the airy feel, and wood-look flooring w/soft carpet in all the right places. The kitchen boasts SS appliances, granite counters, recessed lighting, & self close wood cabinetry. The large bonus room offers flexibility in use as an oversized pantry or mud room. A Spacious Hall bath is easy access for guests. The Master has a private bathroom for added comfort! If entertaining is on your mind, the large backyard awaits! A covered patio, artificial turf, grassy area, & a refreshing pool, promises year-round enjoyment! Oversized shed in the back as well! Close to Paradise Valley Mall, Desert Ridge, easy freeway access, Ending with a quiet neighborhood and a great school district to top off this great property. This Gem wont last! Remodeled/Redone in 2022: Rough electrical, Plumbing, roof, HVAC, ductwork, drywall, paint/stucco, Kitchen, Bathrooms, Added Spray Foam Insulation, Retracting motorized front blinds. epoxy RV parking area, Extra storage in shed and garage cabinets, artificial grass sitting area, Redone cool deck and pool resurface. Soft Water loop and reverse osmosis, even an attic pull down entry in the garage. See agent for more details! Even an Oversized lot for the area! Come and see!

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1936 S Sycamore Place Chandler, AZ 85286

Open House

$565,000

3 Beds

2.5 Baths

1,995 SqFt

Status Active

MLS # 6756251

Property Type Single Family Residence

Price Type --

Beautiful home on a cul-de-sac lot in a desirable Chandler neighborhood. The home features 3 beds, 2.5 baths, plantation shutters, fresh paint, and new carpet. All bedrooms are upstairs with a huge loft and balcony to enjoy the cooler months. Beautiful owner's suite has a luxurious full bath with dual sinks, separate tub, step-in shower, and walk-in closet. The first level has upgraded wood plank tile flooring and a kitchen with everything you need; granite countertops, cabinets with crown molding, centered island with sink & breakfast bar, pantry, and stainless steel appliances. The backyard is a perfect size with a covered patio and walking distance to the pool.

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3775 Goldmine Canyon Way Wickenburg, AZ 85390

Open House

New

$565,000

2 Beds

2.5 Baths

1,825 SqFt

Status Active

MLS # 6761771

Property Type Single Family Residence

Price Type --

Brand NEW Flooring in Kitchen, Great Rm, Dining Rm and Laundry!! Spectacular Mtns views in this highly upgraded 2 Bed/2.5 bath + DEN home. From the extended 2 car garage to the extended back paver patio this home has all the upgrades. Kitchen has upgraded Quartz Counters, electric cooktop, wall oven, and large center island. Surround sound in the great room, as well as a 15' sliding glass door. Dining room has custom pendant light and sliding glass door leading to side patio area that connects to built-in BBQ area and back yard. Primary Suite features dual sinks, walk-in closet, full tile shower and stunning mountian views. Guest Ensuite has dual sinks and spacious shower enclosure. This home comes fully furnished.

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