Southern Nevada homebuilders made more than 11,000 net sales last year, the most since 2007, according to figures from Las Vegas housing tracker Andrew Smith, president of Home Builders Research.
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Southern Nevada homebuilders signed nearly 1,230 sales contracts in June, the most since February.
Don’t expect a big burst of real estate action anytime soon.
People are still buying homes, and builders are still building, but the pipeline of sales is shrinking fast amid the turmoil.