The Clark County Commission voted 7-0 to deny a 575-home subdivision map in Coyote Springs, blocking a step in the development process that’s needed to enable home construction.
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The typical rent in the Las Vegas-area last month was just over $1,890, up 8 percent from a year earlier, compared with a 25 percent year-over-year rent hike in August of 2021.
Builders logged 434 net sales in July, the fourth consecutive monthly drop and the lowest since the onset of the pandemic.
Nevada HAND receives 2,000 calls a day from people seeking affordable housing and only has a “handful” of vacancies in its 4,700-unit portfolio, the president and CEO said.
With land prices accelerating in Las Vegas, homebuilders are increasingly eyeing rural communities sprinkled around Southern Nevada for potential new projects.
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