D.R. Horton, which was No. 3 in new-home net sales after the first three months of 2020, vaulted to No 1 in the marketplace in the six-month rankings released by Las Vegas-based Home Builders Research.
Summerlin, the west valley’s master plan, is celebrating its 30th anniversary this year. Despite the COVID-19 crisis, it has retained its No. 4 spot in a recent national report that ranked master-planned communities for the midyear. It had 642 sales, down from 675 in 2019, a decline of 5 percent.
Before COVID-19 slowed the Las Vegas housing market, builders during the first quarter sold more affordable new homes than the first three months of 2019, and nothing epitomized that more than the breakout of the Villages of Tule Springs and Valley Vista — two new master plans in North Las Vegas.
Before COVID-19 slowed the Las Vegas housing market, builders during the first quarter sold more affordable new homes than the first three months of 2019, and nothing epitomized that more than the breakout of the Villages of Tule Springs and Valley Vista — two new master plans in North Las Vegas.
In the last month, Southern Nevada Home Builders Association’s members raised $468,100 for Nevada’s COVID-19 Response, Relief and Recovery Task Force. SNHBA CEO Nat Hodgson said his goal was $300,000.
In the last month, Southern Nevada Home Builders Association’s members raised $468,100 for Nevada’s COVID-19 Response, Relief and Recovery Task Force. SNHBA CEO Nat Hodgson said his goal was $300,000.
The effects of the pandemic have thrown the world for a loop in ways no one has ever felt before. The age of COVID-19 has affected our health system, filled our news feeds and changed the way we live and do business. Despite all forecasts pointing to an triumphant 2020, no one could have predicted that a virus would be able to shut down the Las Vegas Strip. But during a time of tragedy, when many are feeling fear, discomfort and uncertainty, there has been an overwhelming amount of compassion and acts of kindness.
Representatives of the Las Vegas housing industry got a briefing Thursday that showed net sales and buyer traffic have rebounded slightly after a steep decline following the shutdown of the casino industry and other non-essential businesses in March due to COVID-19.
Longtime Las Vegas builder Richard Plaster, CEO of Signature Homes, went to Singapore for vacation March 19. He is still there, riding out the global pandemic shutdown. Through text messages he said he has been seeking medical supplies for Nevada.
Instagram culture is redefining architectural design across the country, in both commercial and residential spaces. In recent years, architecture and design firms have been introducing a new concept referred to as “Instagram spots” in their designs to keep up with the growing social media trends.
New home sales dipped sharply during the week Nevada shut down all of its casinos and nonessential businesses, but nearly 200 sales took place, and prospective buyers continued to keep appointments to tour model homes of builders.
The availability of sufficient water resources to meet the needs of an expanding population will continue to be a challenge for the Southern Nevada Home Builders Association and its community partners over the next decade.
Las Vegas has shut down to the world for gaming and hospitality as it deals with COVID-19, but the homebuilding and existing home sales’ industries continue on despite the blow to the economy that’s already caused a halt to some sales and postponement of others.
The Las Vegas new-home market closed February with its strongest week of net sales in years, and a leading housing analyst said prospective buyers haven’t slowed down in checking out model homes through early March as builders target buyers with new projects with lower prices.
New home sales slightly dipped in 2019, but don’t tell that to the valley’s five largest builders who saw their share of the marketplace jump dramatically since 2017 to two thirds last year.
