Builders closed on 11,854 homes in 2022, only 178 fewer sales, or a 1.6 percent decline, from 2021. Home Builders have a growing market share as compared with resale homes, according to Home Builders Research. The 1,071 closings of new homes in December exceeded 30 percent market share in a market that saw 2,050 resale […]
HOUSING MARKET INDICATORS SHOW A STABLE MARKET
Las Vegas is coming into 2023 and seeing a housing market correction. Early last year, it was a seller’s market; buyers could make 20 home offers and not get one accepted, even when offering over the asking price. The market changed in mid-2022 after the Fed increased interest rates substantially, and the lower-priced market was […]
THE HIGH-RISE CONDO MARKET REMAINS STRONG
The Las Vegas high-rise condo market revealed a lot of resilience in 2022 by posting its second-highest number of closings in history—the top was in 2021. This market posted one of its highest annual prices per square foot. A new report from Applied Analysis shows there were 944 sales of condo units among 21 towers […]
AWARD-WINNING SUMMERLIN SUPPORTS A FITNESS LIFESTYLE
Every year, most of us make a resolution to live a healthier lifestyle and get fit. Residents of Summerlin, the master-planned community located on the western edge of the Las Vegas Valley, have many opportunities to stay active, with the community’s plentiful recreational amenities. The amenities in Summerlin include more than 200 miles of the […]
THE REASON KITCHEN REMODELS TAKE SO LONG
The USA Cabinet Store Kitchen & Bath Design Center reports that the typical kitchen remodel project takes anywhere from three to six months to complete. With a larger kitchen, remodeling can take even longer — sometimes more than a year. The estimates might vary quite a bit, however, kitchen remodels are especially lengthy projects. Experts […]
NATIONAL ASSOCIATION OF HOMES BUILDERS BACK IN VEGAS
The National Association of Home Builders returns to Las Vegas this week for the first time since 2020 as part of its International Builders Show. It will collectively bring more than 100,000 people to the city. This year’s show is special not only because it is in conjunction with IBS as well as the National […]
