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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23155 E Canary Way Queen Creek, AZ 85142

$671,119

3 Beds

3 Baths

2,325 SqFt

Status Active

MLS # 6707627

Property Type Single Family Residence

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JUST REDUCED!!! GORGEOUS GREAT ROOM PLAN, GOURMET KITCHEN LAYOUT, SPA SHOWER IN THE PRIMARY, UPGRADED SOFT GRAY CABINETS WITH CONTRASTING BLACK HARDWARE, LVP FLOORS EVERYWHERE, EXCEPT THE BEDROOMS,UPGRADED QUARTZ TOPS AND TILE BACKSPLASH., FANS BLINDS INCLUDED,PAVER DRIVE AND WALKWAY AND MORE.. TASTEFUL TOUCHES THROUGHUT THIS HOME!! ALL THIS IN BEAUTIFUL BARNEY FARMS, WHICH OFFERS A 22 ACRE LAKE THAT IS THE CENTERPEICE OF THIS COMMUNITY SURROUNDED BY GREEN PARKS, WALKING TRAILS AROUND THE LAKE WITH BENCHES AND RAMADAS TO ENJOY THE VIEW. PICKLE BALL, BOCCE BALL, LARGE BARN CLUBHOUSE WITH OUTDOOR SEATING OVERLOOKING THE LAKE. 16 SEER RATING ENERGY STAR HOME! ''KMB K-6 School. THIS HOME AND COMMUNITY IS WORTH A VISIT!!

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617 E Citrus Hollow Way Queen Creek, AZ 85140

$670,677

2 Beds

2 Baths

1,882 SqFt

Status Active

MLS # 6448032

Property Type Single Family Residence

Price Type --

Welcome to this stunning and meticulously designed home, where modern elegance and comfort meet in perfect harmony! With over 1800 sq. ft. of well-appointed living space, this residence offers a seamless blend of contemporary style and functional living. Situated in the desirable neighborhood of Encanterra. The gourmet kitchen is a chef's dream and has endless design options, including top-of-the-line stainless steel appliances, custom cabinetry, and exquisite countertops. Whether you're hosting a dinner party or enjoying a quiet family meal, this kitchen will inspire your culinary creativity. Step outside to the spacious yard that is ideal for entertaining or simply basking in the sun. Book your tour today and start living the Good Life at Encanterra!

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3893 E Terrel Street San Tan Valley, AZ 85143

$670,490

4 Beds

3 Baths

3,042 SqFt

Status Active

MLS # 6753948

Property Type Single Family Residence

Price Type --

Popular Evolution plan features a full guest suite with its own private entrance. This home is situated in the amenity rich community of Bella Vista Farms. Residents enjoy an amenity-rich lifestyle with exclusive access to an onsite swimming pool, picnic area, splash park, playground, basketball court, volleyball court and greenbelt. The local area is host to the San Tan Regional Park, where locals enjoy biking, hiking, horseback riding and more.

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13827 N Wendover Drive Fountain Hills, AZ 85268

$670,000

3 Beds

2 Baths

1,732 SqFt

Status Active

MLS # 6748069

Property Type Single Family Residence

Price Type --

Flawlessly maintained pristine home nestled in serene residential neighborhood. NO HOA! Be captivated by Mountain Views & Four Peaks. Recently treated to a fresh exterior paint w/ unparalleled level of protection against the elements w/ a special waterproof coating, standing apart from other available homes. Embrace worry-free living w/ the installation of brand-new, highly efficient HVAC, ensuring optimal comfort & performance for years. Added comfort & energy savings w/ all-around window shade screens, allowing for coolness & cost-efficiency. Step inside this beautifully split-plan home. The full primary bedroom suite offers a sanctuary of serenity. The kitchen boasts stunning granite countertops. backsplash, granite sink, top-notch appliances, super large panty. Superb backyard w/shed. Move-in ready, this residence leaves nothing to be desired. Stepping outdoors, be greeted by an expansive backyard with a custom-built shed for all your additional storage needs. Additional storage cabinets & worktable in garage! Convenience is at your doorstep, w/ retail & restaurants just a leisurely stroll away. Imagine the joy of living within a mile of the iconic Fountain and Lake. This home is sure to please!

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3920 E Shaw Butte Drive Phoenix, AZ 85028

$670,000

4 Beds

2 Baths

2,207 SqFt

Status Active Under Contract

MLS # 6745975

Property Type Single Family Residence

Price Type --

Take a look at this beautifully well kept, 4 bed, 2 bathroom home nestled in a quiet neighborhood with NO HOA. This home boasts a spacious open floor plan, with tons of natural lighting offering a warm, welcoming atmosphere. The living area is perfect for entertaining, flowing seamlessly into the dining and kitchen areas. The primary bedroom features an en-suite bathroom and a large walk-in closet with built in shelving. Step outside to your private backyard oasis, complete with a large covered patio, lush landscaping, a sparkling pool and additional covered seating, making it the perfect spot for relaxing at all times of the year! Come take a look and make this charming house your new home! One or more members of the selling entity holds an active real estate license in the state of AZ.

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10835 E Tesla Avenue Mesa, AZ 85212

$670,000

3 Beds

2.5 Baths

2,462 SqFt

Status Active

MLS # 6737188

Property Type Single Family Residence

Price Type --

MUST SEE TODAY! Gorgeous property in the growing La Mira! This home offers excellent curb appeal with a low-care front yard, a 2-car garage, and an RV gate. The interior boasts a large open concept with tall ceilings, ceramic tile flooring, plush carpet, and abundant natural lighting. The fabulous white kitchen showcases staggered cabinets, SS appliances, granite counters, a large island with breakfast bar, and a walk-in pantry. The split owner's suite allows great privacy, and its immaculate bathroom with a huge dual vanity & an oversized shower makes it a perfect retreat to unwind after a long day. The secondary bedrooms share a Jack & Jill bathroom. Additionally, you'll find 2 dens, one perfect for an office & a larger one for a game/entertainment center. Discover a spacious backyard with covered patio and artificial turf, making an ideal spot for fun & entertaining. This fabulous community features a lush park with playground and a pool. What's not to like? Hurry to see this amazing residence before it's too late!

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11445 E Paloma Avenue Mesa, AZ 85212

$670,000

4 Beds

2.5 Baths

2,951 SqFt

Status Active

MLS # 6756927

Property Type Single Family Residence

Price Type --

Amazing mountain views the master bedroom, loft, and front porch. This stunning home is recently remodeled with quartz kitchen counter tops, large 24x48 tiles throughout the first floor, LVP flooring on stairs and loft, carpet in all bedrooms, fresh paint inside and outside, and epoxy garage floors. This house features 4 BR, 2.5 baths, plus a den and loft. Two story ceiling in family room. Well-manicured backyard with pebble tech play pool & flagstone flooring outside covered patio area. Surround sound with built-in speakers. Truly a great neighborhood in Gilbert school district.

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3407 E Glacier Place Chandler, AZ 85249

$670,000

4 Beds

2 Baths

2,121 SqFt

Status Active

MLS # 6738533

Property Type Single Family Residence

Price Type --

Ready to move in. Exceptional single level 4 bedrooms 2 baths & Spacious 3 car garage home in popular gated community of Quail Springs in Chandler. Formal living & Dining room Updated Kitchen with Island overlooking the great room. Wired for surround sound. Kitchen cabinets and stunning granite countertops installed in 2024. Stainless Steel appliances The Refrigerator & Microwave replaced in 2023. Double Ovens Washer & Dryer installed in 2022 are included. Laundry room cabinet & Sink. Tile floor in kitchen baths and all traffic areas. Main bath with separate tub and shower. Walk-in closet with custom shelves. Comfort height dual sinks. Water Softener. RO System. Tankless water heater. Security System Borders common area with access to walking trail. Community offers large grass area and children playground Close to schools dining shopping and Citrus Vista Park. Come take a Look.

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2600 S Holguin Way Chandler, AZ 85286

$670,000

5 Beds

3 Baths

2,350 SqFt

Status Active

MLS # 6747525

Property Type Single Family Residence

Price Type --

Welcome to this spacious 5 bedroom, 3 bathroom house located in the desirable Carino Estates neighborhood of Chandler, AZ. This home features a private swimming pool, perfect for enjoying the warm Arizona weather. With an air conditioning system to keep you cool during the hot summer months, a private backyard for outdoor entertaining, and a 2 car garage for convenient parking, this house has everything you need. One of the bedrooms is located on the bottom floor, providing added convenience and flexibility. Don't miss out on the opportunity to rent this beautiful 5 bedroom, 3 bathroom house in south Chandler.

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24077 N 160th Avenue Surprise, AZ 85387

$670,000

5 Beds

4.5 Baths

3,445 SqFt

Status Active Under Contract

MLS # 6709090

Property Type Single Family Residence

Price Type --

Amazing 5BR/4.5BA new build Fulton home Surprise! Close to community amenities, freeway entrance and more!

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8725 E Arlington Road Scottsdale, AZ 85250

$670,000

3 Beds

2 Baths

1,320 SqFt

Status Active

MLS # 6713310

Property Type Single Family Residence

Price Type --

Discover your new home with no HOA centrally located in Scottsdale close to Old Town, Fashion Square and the Talking Stick entertainment district. This home boasts new low E windows, fresh paint, updated kitchen and bathrooms that exude quality with every detail. Enjoy your backyard's diving pool, spa, putting green and giant covered patio. All appliances including refrigerator, washer and dryer are included in the sale. Your clients will not be disappointed!

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1734 E Samuel Drive Phoenix, AZ 85024

$670,000

4 Beds

2 Baths

2,452 SqFt

Status Active Under Contract

MLS # 6678064

Property Type Single Family Residence

Price Type --

Motivated Seller offering 2% concessions with full price offer. Step into comfort with this stunning 4-bed, 2-bath haven nestled in the heart of Phoenix. As you enter the foyer, you'll be greeted by an inviting ambiance that flows seamlessly into the spacious family room, perfect for cozy nights in or entertaining guests. Enjoy the open kitchen with modern appliances, and ample storage space, making meal prep a breeze. The adjacent dining room provides an elegant setting for hosting memorable gatherings with loved ones. Escape to your private retreat in the generously sized backyard, where you can unwind under the Arizona sun. Plus, outdoor enthusiasts will love the proximity to scenic trails.

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