NAHB: Home Builder Confidence Holds Steady in May

The National Association of Home Builders reported that home builder confidence in the U.S. housing market conditions held steady for the fourth consecutive month in May. Builder confidence stayed at a reading of 58, which was the number expected by analysts and was also the reading for April. Analysts said that the consistency in readings signified expansion in housing markets. Any reading over 50 indicates that more builders than not are confident about market conditions.

Components of the NAHB Housing Market Index include readings on builder confidence in current market conditions which held steady at 63 and builder confidence in market conditions over the next six months, which gained three points to a reading of 54. Builder confidence in foot traffic for new home developments was unchanged at a reading of 44.

NAHB Chief Economist Robert Dietz said that the higher reading for future sales indicates growing builder confidence in housing market conditions. In recent months, housing markets have been fueled by low mortgage rates and high demand, but supplies of available homes are dwindling. Housing industry analysts have identified building new homes as a major solution for the shortage of homes for sale.

Analysts note that while new homes represent a small part of the residential real estate market, each new home constructed contributes an average of three jobs for a year and yields an average of $90,000 in tax revenue for each home built. Builders repeatedly cite a lack of workers and buildable lots as a concern for building more homes. An NAHB analysis of the Bureau of Labor Statistics’ report on Job Openings and Labor Turnover indicated that there were 210,000 unfilled construction jobs in March, which was the highest reading since May 2007.

Regional surveys of home builder sentiment were mixed. The reading for the Northeast fell by 3 points to 41 while readings for the Midwest and South rose by one point each with readings of 58 and 59 respectively. The reading for the West was unchanged at 67.

Low Mortgage Rates: Will the Fed Raise Rates in June?

In other housing related news, analysts’ predictions are mixed regarding whether or not the Federal Reserve will raise its target funds rate next month when the Federal Open Market Committee (FOMC) meets. Uncertainties over the United Kingdom’s upcoming vote about leaving the European Union and mixed economic data appear likely to nix a rate increase, but improving labor markets could be a plus for a fed rate increase. Raising the federal funds rate would cause mortgage rates to rise and is considered a further concern for the gap between growing wages and rapidly rising home prices.

Listing types.

For Sale

For Rent

Land

Multifamily

Commercial

Location Search Nearby

BedsAny1+2+3+4+5+6+

BathsAny1+2+3+4+5+6+

Price MinAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Price MaxAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Advanced Options

Property TypeAnyApartmentManufactured HomeSingle Family ResidenceTownhouseTwin Home

School District

Address, MLS# or Keyword

Home SizeAny600 ft2800 ft21,000 ft21,200 ft21,400 ft21,600 ft21,800 ft22,000 ft22,200 ft22,400 ft22,600 ft22,800 ft23,000 ft23,500 ft24,000 ft24,500 ft25,000 ft25,500 ft26,000 ft2

YearAny2024+2023+2022+2021+2020+2019+2018+2017+2016+2015+2014+2013+2012+2011+2010+2009+2008+2007+2006+2005+2004+2003+2002+2001+2000+1999+1998+1997+1996+1995+1994+1993+1992+1991+1990+1980+1970+1960+1950+1940+1930+

Distressed

Open House

Location Search Nearby

BedsAny1+2+3+4+5+6+

BathsAny1+2+3+4+5+6+

Price MinAny$500$600$700$800$900$1,000$1,100$1,200$1,300$1,500$1,600$1,700$1,800$1,900$2,000$2,250$2,500$2,750$3,000$3,250$3,500$3,750$4,000$4,500$5,000$5,500$6,000$6,500$7,000$7,500$8,000$8,500$9,000$9,500$10,000

Price MaxAny$500$600$700$800$900$1,000$1,100$1,200$1,300$1,500$1,600$1,700$1,800$1,900$2,000$2,250$2,500$2,750$3,000$3,250$3,500$3,750$4,000$4,500$5,000$5,500$6,000$6,500$7,000$7,500$8,000$8,500$9,000$9,500$10,000

Advanced Options

Property TypeAnyApartmentManufactured HomeSingle Family ResidenceTownhouseTwin Home

School District

Address, MLS# or Keyword

Home SizeAny600 ft2800 ft21,000 ft21,200 ft21,400 ft21,600 ft21,800 ft22,000 ft22,200 ft22,400 ft22,600 ft22,800 ft23,000 ft23,500 ft24,000 ft24,500 ft25,000 ft25,500 ft26,000 ft2

YearAny2024+2023+2022+2021+2020+2019+2018+2017+2016+2015+2014+2013+2012+2011+2010+2009+2008+2007+2006+2005+2004+2003+2002+2001+2000+1999+1998+1997+1996+1995+1994+1993+1992+1991+1990+1980+1970+1960+1950+1940+1930+

Location Search Nearby

Lot SizeAny1+ Acres2+ Acres3+ Acres4+ Acres5+ Acres6+ Acres7+ Acres8+ Acres9+ Acres10+ Acres20+ Acres30+ Acres40+ Acres50+ Acres

Price MinAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Price MaxAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Advanced Options

Neighborhood

Address, MLS# or Keyword

Location Search Nearby

Price MinAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Price MaxAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Advanced Options

School District

Address, MLS# or Keyword

YearAny2024+2023+2022+2021+2020+2019+2018+2017+2016+2015+2014+2013+2012+2011+2010+2009+2008+2007+2006+2005+2004+2003+2002+2001+2000+1999+1998+1997+1996+1995+1994+1993+1992+1991+1990+1980+1970+1960+1950+1940+1930+

Location Search Nearby

Lot SizeAny1+ Acres2+ Acres3+ Acres4+ Acres5+ Acres6+ Acres7+ Acres8+ Acres9+ Acres10+ Acres20+ Acres30+ Acres40+ Acres50+ Acres

Price MinAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Price MaxAny$50,000$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000$600,000$700,000$800,000$900,000$1,000,000$1,100,000$1,200,000$1,300,000$1,400,000$1,500,000$1,600,000$1,800,000$1,900,000$2,000,000$2,250,000$2,500,000$2,750,000$3,000,000$3,250,000$3,500,000$3,750,000$4,000,000$4,500,000$5,000,000$6,000,000$8,000,000$10,000,000$15,000,000

Advanced Options

Address, MLS# or Keyword

YearAny2024+2023+2022+2021+2020+2019+2018+2017+2016+2015+2014+2013+2012+2011+2010+2009+2008+2007+2006+2005+2004+2003+2002+2001+2000+1999+1998+1997+1996+1995+1994+1993+1992+1991+1990+1980+1970+1960+1950+1940+1930+

View As: Thumbnails List

Sort by: Select Price, Low to High Price, High to Low Newer Listings First Older Listings First Open House Date

8143 E Obispo Avenue Mesa, AZ 85212

$575,000

4 Beds

2.5 Baths

2,516 SqFt

Status Active

MLS # 6774113

Property Type Single Family Residence

Price Type --

Move in ready home in a super convenient location! Convenient floor plan with ample living space and large bedrooms w/ walk in closets. NEW Interior paint. Wood plank tile flooring and modern fixtures. Kitchen features granite counters, newer cabinets, custom tile backsplash, and stainless steel appliances. Bathrooms updated with custom tile showers, vanities, toilets, tile accents, and lighting fixtures. Lots of storage and indoor laundry room with large pantry. French doors lead to the spacious low maintenance grassy backyard with pool and covered patio & RV gate. Playset conveys with property. 1 New AC unit! Community park is 2 doors down. Did I mention the private pool? 2 doors down from a community park

View Property

22850 E Calle Luna -- Queen Creek, AZ 85142

$575,000

5 Beds

3 Baths

2,311 SqFt

Status Active

MLS # 6779462

Property Type Single Family Residence

Price Type --

Beautiful one level 5 bedroom 3 bathroom home located in Meridian community which features a community park walking paths and community pool. Upgraded kitchen featuring stunning cabinetry granite counters mosaic backsplash black/stainless steel appliances gas range and a spacious island that fits 4 barstools & large pantry. Kitchen opens to the dining area & great room. Home has high ceilings tile flooring and recessed lighting throughout. The great room has a sliding glass doors leading to private backyard, plumbed with a gas line for outdoor cooking/barbecuing. Low maintenance front & backyard with paver boarders & paver walk path. 2 front side gates. Primary bedroom has walk in closet and walk in shower 2nd bedroom has private bathroom. Home has reverse osmosis and a water softener.

View Property

27602 N Denver Hill Drive Wittmann, AZ 85361

$575,000

5 Beds

3 Baths

2,278 SqFt

Status Active

MLS # 6778733

Property Type Single Family Residence

Price Type --

Welcome to your private desert retreat! A home that offers not just comfort and space, but a true sense of community in a peaceful neighborhood. Set on a quiet dirt road, this property is surrounded by friendly, welcoming neighbors and picturesque land with expansive mountain views. Both levels provide a cozy, private flow between the separate rooms. Designed to accommodate a range of outdoor interests, this property is ready for whatever you envision—from horseback riding, gardening, ATV trails, and more. An RV station with power and water hookups ensures guests can comfortably share in the beauty of this property. Located only 30 minutes from Wickenburg, and 20 minutes from Surprise, this home offers the perfect balance of rural living, without being a far drive from the city.

View Property

905 S Canal Drive Unit 17 Chandler, AZ 85225

$575,000

3 Beds

2.5 Baths

2,092 SqFt

Status Active

MLS # 6779711

Property Type Townhouse

Price Type --

Home Sweet Home! Discover the charm of this beautiful 3-bed, 2.5-bath townhouse in Mission Crossing at Chandler Ranch! This Home exudes elegance with modern light fixtures, neutral paint, tons of natural light, and wood-look tile flooring w/plush carpet in all the right places. You'll LOVE the spacious, perfectly flowing open layout! The impressive kitchen boasts black SS appliances, quartz counters, a pantry, ample white cabinetry, & a large island w/breakfast bar. There is an ample storage room under the stairs! All bedrooms await upstairs, along with a versatile loft. Main bedroom has an ensuite with dual sinks & a walk-in closet. Outback, you have a covered patio, artificial turf, & well-laid pavers. Community Pickleball Court is right next door! Move-in ready!

View Property

16848 W Alice Avenue Waddell, AZ 85355

$575,000

4 Beds

3 Baths

3,017 SqFt

Status Active

MLS # 6784462

Property Type Single Family Residence

Price Type --

Welcome to Northern Farms! This 4Bed+Den/3Bath/3,017sqft home has everything you need & is less than 2 years old! Upon entering, you're greeted by a bright & open floorplan which blends contemporary style w/ modern finishes throughout! Custom stair railings open the space & custom barn doors give it a warm feel. Fire up the built-in electric fireplace on those cool winter nights. Celebrate holiday cooking in the modern kitchen complete w/ quartz countertops & stainless-steel appliances. Custom gazebo w/firepit bench & artificial turf is ready for entertaining & no neighbors behind gives you ultimate privacy. Massive upstairs loft is your perfect game or theatre room. Conveniently located right off of the 303 & Northern. Don't miss your chance to own your dream home today!

View Property

6943 N 88th Drive Glendale, AZ 85305

$575,000

4 Beds

2.5 Baths

2,466 SqFt

Status Active

MLS # 6786607

Property Type Single Family Residence

Price Type --

Stunning 4-Bedroom Home with a Pool, Gourmet Kitchen, and Prime Location 1 mile from the Arizona Cardinals Stadium. This magnificent 2,466 sq. ft. residence boasts 5 spacious bedrooms and 2.5 luxurious bathrooms, perfectly blending comfort and style. Step into the heart of the home—a gourmet kitchen designed for the culinary enthusiast! Featuring granite countertops, a double oven, gas cooktop, and wood-look tile flooring, this kitchen is both functional and elegant, ready to inspire your inner chef. The open floor plan seamlessly connects the kitchen to a spacious living area, ideal for entertaining or cozy family gatherings with 9ft+ Ceilings downstairs as well as upstairs Escape to your private backyard oasis, meticulously landscaped with turf and showcasing a brand-new pool with massive baja shelf. This outdoor haven is perfect for relaxing under the Arizona sun or hosting unforgettable poolside parties. This incredible property is just 1 mile from the Arizona Cardinals Stadium and the exciting new Via Resort, placing you in the heart of Glendale's vibrant entertainment district. Don't miss this rare opportunity to own a slice of paradise with proximity to world-class entertainment, dining, and shopping. Outdoor Projector, Roku, and Outdoor Screen with Attachments can stay with the new owner for Movie nights or to entertain when friends and family are over.

View Property

4512 W Suncup Drive San Tan Valley, AZ 85144

$575,000

4 Beds

3 Baths

2,345 SqFt

Status Active

MLS # 6783153

Property Type Single Family Residence

Price Type --

Look no further! This beautiful 4 bed, 3 bath residence in San Tan Ridge is for you! Charming curb appeal, an easy-care front yard, and a 2 car garage are just the beginning. Come inside to discover a spacious open floor plan w/elegant wood-look flooring and neutral palette throughout. Prepare delicious meals in this gourmet kitchen, comprised of wood cabinetry w/crown moulding, a walk-in pantry, granite counters, subway tile backsplash, SS appliances, and an island w/a breakfast bar. You'll love the primary bedroom, boasting soft carpet, a walk-in closet, and a lavish ensuite w/dual sinks. Don't forget about the cozy den, ideal for an office or reading nook! Lastly, the expansive backyard w/its covered patio, is a blank canvas just waiting for you personal touch! Don't miss out!

View Property

10312 N 58th Lane Glendale, AZ 85302

$575,000

4 Beds

2 Baths

2,286 SqFt

Status Active

MLS # 6783627

Property Type Single Family Residence

Price Type --

Wow Location! What a GEM! Tastefully updated last 2022, this gorgeous home with POOL will surely impress you. 4beds, 2 baths, low-care landscape, and a 3-car garage w/cabinets. The fabulous interior boasts vaulted ceilings, neutral paint, recessed lighting, archways, and wood-look floors t/out. You'll LOVE the formal living/dining room and the open-concept family room w/fireplace! The surround sound is a plus. The spotless kitchen has SS appliances, quartz counters/backsplash, ample white cabinetry, a walk-in pantry, and a waterfall island w/breakfast bar. The double-door main bedroom offers outdoor access and an ensuite with a soaking tub, dual sinks, & a walk-in closet. Enjoy the entertainer's backyard with a covered patio, artificial turf, well-laid pavers, & a fenced pool! Just Wow,

View Property

15002 W Blue Verde Drive Sun City West, AZ 85375

$575,000

2 Beds

2.5 Baths

1,825 SqFt

Status Active

MLS # 6785005

Property Type Single Family Residence

Price Type --

Beautiful Ventana model on hole 9 of Trail Ridge Golf course with Pool! Views of 3 fairways and the mountains! Landscape and pool area/patio meticulously designed. Home has 2 Bedrooms each with a bath ensuite. Enter the home to the beautiful views with a great room and office/sitting area. Kitchen has a large center island, gas stove top, upgrade refrigerator, wall oven and microwave that adjoins the family room. Powder Room for easy guest/pool access. Large finished laundry room with office. Wood Armoire in laundry room stays with home. Luxury vinyl flooring, New Roof, newly painted and finished driveway and garage flooring! Don't miss this opportunity!

View Property

20972 N Canyon Whisper Drive Surprise, AZ 85387

$575,000

3 Beds

3 Baths

2,101 SqFt

Status Active

MLS # 6786955

Property Type Single Family Residence

Price Type --

This exceptional home with detached casita offers a perfect blend of style, functionality, and versatility. Boasting high ceilings and an open floor plan, the spacious design flows seamlessly, making it ideal for entertaining and everyday living. The expansive kitchen is a chef's dream, featuring abundant storage and plenty of counter space for all your culinary needs. The detached casita/ADU, complete with its own private full bathroom is bright and spacious. Whether you're hosting guests or providing a private space for a family member, this additional unit offers unmatched flexibility. The property is enhanced by mature, low-maintenance landscaping, creating a serene outdoor retreat. The garage features ample storage. Don't hesitate, these homes rarely hit the market.

View Property

11520 W Citrus Grove Way Avondale, AZ 85392

$575,000

4 Beds

3 Baths

2,096 SqFt

Status Active

MLS # 6786868

Property Type Single Family Residence

Price Type --

Multi-Generational/Next Gen custom floor plan with solar! Privacy under one roof. Two primary suites with separate AC units, two hot water heaters, & two kitchens. Living spaces are separated by bonus room. Private entrance to both suites. Plantation shutters throughout. Laminate wood floors, quartz countertops, & stainless-steel appliances. Inviting courtyard that leads to extended patio leading to pool with water feature, all surrounded by lush landscaping.

View Property

1260 Haisley Road Prescott, AZ 86303

$575,000

3 Beds

2 Baths

1,739 SqFt

Status Active Under Contract

MLS # 6778214

Property Type Single Family Residence

Price Type --

Nestled on an elevated homesite in the pines of Prescott's Haisley Homestead, this single-level home feels like your own private, luxurious treehouse. The open, split floor plan welcomes you into a bright and inviting living room, where vaulted ceilings and a gas fireplace with a marble surround and wood mantle create a warm, elegant focal point. The well-appointed kitchen features new granite countertops, lots of cabinets, and a 4-burner gas cooktop, along with a separate oven and microwave. Enjoy your meals in the breakfast nook, at the breakfast bar, or in the dining room, offering space for both formal & informal dining. The spacious master suite includes a large walk-in closet and a luxurious ensuite bath with a dual-sink vanity, walk-in shower, & soaking tub, perfect for unwinding. Two additional bedrooms, each with ceiling fans and ample closets, are flanked by a full bath, offering comfort and privacy for family or guests. Outdoor living is just as appealing, with a bright and airy front patio for enjoying the fresh mountain air, and a private, covered back patio for more intimate gatherings. Additional features include new carpet and wood flooring, a tile roof, a low-maintenance stucco exterior, concrete patios, and a 2-car garage. This home perfectly blends luxury, comfort, and the beauty of its natural surroundings.

View Property