Instead of demolishing homes, builders sometimes give them to firefighters to burn in training exercises.
Housing
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Construction is underway on Wood Partners’ 228-unit project off Southern Highlands and St. Rose parkways, near the M Resort.
Southern Nevada builders saw a pullback in sales activity in August, but prices reached another all-time high and the market overall remained far ahead of year-ago levels.
Home prices soared across the country at a record speed in July, though in Las Vegas, prices accelerated even faster than the national average, a new report shows.
The massive home appears to be the only property the former Zappos CEO Tony Hsieh owned at the time of his death that is now listed for sale.
Auric Symphony Park apartment complex will hold its grand opening Tuesday afternoon in downtown Las Vegas.
U.S. firms that flip houses around the country purchased 532 homes in the Las Vegas area in the second quarter, up almost 80 percent from the first quarter.
The median sales price of previously owned single-family homes was $405,000 last month, unchanged from the record high set in July.
Developers have broken ground on Desert Oasis II, a planned 43-unit apartment complex built and operated by nonprofit Volunteers of America National Services.
Some 15 years ago, a builder’s plan to construct high-rises in southwest Las Vegas failed, leaving a giant hole. Now another developer is moving forward with a plan for a big apartment complex there.
Carroll recently announced that it acquired the 436-unit Emerald Springs and a 383-unit complex roughly 3 miles away, The Meadows.
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.
Lennar Corp.’s prices in the community exceed the typical sales price of a newly built house in the Las Vegas area.
Housing markets are always prone to ups and downs, especially in Las Vegas, and no boom lasts forever.
The median closing price of newly built homes in Southern Nevada was around $419,950 in July, up 13 percent from a year earlier.
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