Las Vegas homebuilders keep notching sales totals above last year’s levels, and prices also are higher, according to a new report that issues a warning about looser lending.
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Builders closed roughly 4,300 new-home sales in Clark County this year through June, the highest mid-year sales tally in almost a decade, but the pace was still far below that of the white-hot mid-2000s or of the 1990s.
As home construction increases in Las Vegas, the luxury market is viewing energy efficiency as a necessity instead of an option.
Toll Brothers has acquired the vacant land at a once-bankrupt Summerlin condo complex for $10.3 million, a sale that could lead to completion of a project that was derailed as the real estate market collapsed last decade.