An old, familiar sight has returned to Las Vegas Valley: hammers and hard hats.
Southern Nevada homebuilders, who suffered huge job losses in recent years, have been ramping up work. Sales and prices are soaring as builders pull more permits for future projects.
Local builders sold 4,264 new homes this year through July, up 69 percent from the same period last year. The median price of July’s closings was $266,291, up 37 percent from a year ago. Builders also pulled 4,384 permits through July, up 28 percent year-to-year, according to Home Builders Research.
via See where Las Vegas’ new homes are being built – VEGAS INC.
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