Home construction is still facing costly and delayed materials from supply chain disruptions while the Southern Nevada housing market remains hot, industry members say.
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Southern Nevada home prices jumped 19.8 percent year-over-year in June, outpacing the national rate of 18.6 percent, according to a new report.
U.S. homebuilders’ sales fell to its slowest pace in a year last month, and resales dropped for the fourth consecutive month. And it’s no different in Southern Nevada.
The Las Vegas housing market has become fiercely competitive in recent months, and the pressure to find a home is even more challenging for first-time buyers.