It’s been quite an eventful week for the Southern Nevada building and development community, which came under the national spotlight and won awards at the International Builders’ Show at the Las Vegas Convention Center.
A growing number of homeowners want smart home technology and builders and Realtors are recognizing that if they want to close a sale.
Steady and better than 2019. That’s the outlook for the 2020 Las Vegas housing market — both new and existing homes when it comes to sales — and there should be slight price appreciation in both segments as well, according to housing analysts, Realtors, builders and economists who track the Southern Nevada home market.
In December, the Southern Nevada Home Builders Association (SNHBA), held its annual installation luncheon, a yearly gathering where members of the local homebuilding industry celebrate the appointment of the organization’s new board, which will take the torch and continue to drive SNHBA’s dedication to meet the housing and community development needs of Southern Nevada. The event also serves to award outstanding members and supporters in this sector.
Sheryl Palmer said she feels like she’s coming home again and couldn’t be more optimistic about a “tremendous opportunity” in the new home market in Las Vegas after working here during its peak in the 2000s.
The PENTA Building Group, a nationally recognized commercial contractor operating throughout the Southwest United States, has officially donated more than $8 million to 350 charities since 2000. Through its charitable organization, the PENTA CARES Foundation, the company gives back to communities by donating employee volunteer time and hundreds of thousands of dollars in monetary contributions to local nonprofits every year.
In the tradition of re-gifting, The Howard Hughes Corp., developer of the Summerlin master-planned community, encourages residents to give back their real Christmas trees to Mother Nature once the holidays are over. In partnership with Springs Preserve, the UNLV Rebel Recycling Program and dozens of other local conservation organizations, the annual Christmas Tree Recycling Program returns Dec. 26-Jan. 15.
The president of Summerlin said he expects 2019 to approach last year’s sales and described how the master-planned community is well-positioned to continue its growth in 2020 as it celebrates its 30th anniversary with plans to open residential development north of Far Hills Avenue with a greater focus on affordability.
Southern Nevada saw its strongest October new home sales since 2006 during a month prices set a record high, in part because of a surge in million-dollar home closings, and builders expect prices to continue to rise in 2020.
Southern Nevada saw its strongest October new home sales since 2006 during a month prices set a record high, in part because of a surge in million-dollar home closings, and builders expect prices to continue to rise in 2020.
The Las Vegas new-home construction market continues to show strength as 2019 comes to a close. Prices surged in October, with the median price of a new single-family home surpassing $410,000.
Arizona-based homebuilder Taylor Morrison with an eye on entering Las Vegas market has acquired William Lyon Homes and will become the fifth largest builder in the nation.
On Oct. 4, Bettina, a single mother of four and a Las Vegas resident since 1980, received the keys to her brand-new Habitat for Humanity home during a moving ceremony that included friends, family and executives from Habitat for Humanity Las Vegas and Bank of America.
The new-home construction market in Las Vegas posted its strongest third quarter since 2007 and shows no signs of slowing down as 2019 comes to a close with a chance to equal last year after a slow start.
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.
