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New Homes

Several factors play into new home sales dip

New home sales in the four leading master-planned communities in Las Vegas are down during the first six months of 2019, but builders and analysts said they wouldn’t be surprised if they finish the year even or ahead of 2018.

Several factors play into new home sales dip

New home sales in the four leading master-planned communities in Las Vegas are down during the first six months of 2019, but builders and analysts said they wouldn’t be surprised if they finish the year even or ahead of 2018.

Las Vegas is moving toward modern architecture

Early this year, California-based architect sparked ire and even some agreement among Las Vegas home designers and builders when he criticized the residential architectural landscape of Southern Nevada.

Summerlin and Inspirada lead new home sales

Summerlin and Inspirada led the way in master plan net sales during the first quarter of 2019, according to data released by Home Builders Research. Net sales for the quarter overall were down 19 percent compared to a robust 2018 but similar to 2017.

New-home sales rebound in early 2019

Home Builders Research reported that the 810 closings in February were 27 percent higher than February 2018. For the first two months of the year, the 1,421 closings are 75 more or 5.6 percent higher than a year ago. In releasing his numbers, Home Builders Research President Andrew Smith said the final two months of 2018 made the short term outlook, for the market “a bit worrisome” but sales figures “have rebounded nicely” since the start of 2019.

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Expert points to positive signs for new homebuilding

“With the first two months of 2019 nearly in the books, the new home segment of the housing market in Southern Nevada is performing well enough to temper some of the growing concerns many felt about the future in the fourth quarter of 2018,” said Andrew Smith, president of Home Builders Research.

Last year new home sales strongest since Great Recession

Southern Nevada homebuilders finished 2018 on an upbeat note and the year’s closings turned out to be the strongest since the Great Recession. Prices also set a record for single-family homes, creating an opening for more affordable attached housing.

Las Vegas master plan communities continue to develop

Summerlin, which was as low as 25th in the nation in 2011 with 221 sales, has steadily climbed back up the rankings since then. It reported 437 sales in 2014 when it was 15th in the nation and jumped back into the top 10 in 2015 and has stayed there since. It had 769 sales in 2016.

 
KB showcase Google Home

During the first week of this year, KB Home unveiled a new model within Inspirada, a Henderson master-planned community, that highlighted a theme: “Where tomorrow lives.”

Four Las Vegas master plans rank in top 21

Las Vegas dominated the national scene for 2018 new-home sales in master-planned communities like it hasn’t done in more than a decade by placing four in the top 21, according to rankings released by two real estate consulting firms.

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Future Ascaya residents relocate from Southern California

Southern Nevada is a respite from traffic, high cost of living and overcrowding, says one Southern California couple that recently purchased two home sites in Ascaya. The luxury residential community in Henderson has welcomed many new residents from California who are finding the mountainside community a perfect place to relocate.

Vegas home designs inspire Western builders

A lot has changed with Las Vegas home design since the rebound of the housing market following the Great Recession, and it’s caught the attention the building industry in the West.

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