California-based American Homes 4 Rent, which has already acquired, renovated and leased single-family homes in Las Vegas, has made its first move to what it has also done in some other markets — build single-family homes to rent like it has in 14 other markets.
The proximity to outdoor recreation areas has helped fuel home buying in the northwest valley that in turn has created a built-in audience that’s spurring expansion and improvements in the resort industry in the nearby mountains.
There’s a significant and sudden shift in the landscape of the Southern Nevada new-home market that shows no signs of slowing over the next several years.
