PLEASE NOTE: THE PERMIT TOTALS IN THIS POST HAVE BEEN MODIFIED TO REFLECT AN ERROR FOUND AS OF 10/8/15 AT 9:55AM
Subscribers to our Las Vegas Closing and Permit Report recently received the data for August 2015. As we've already published, new home closings rose month to month to a figure of 631 with building permits coming in at 647.
DR Horton's Warm Springs Ranch had a great month closing deals with its "Manor" product line leading all subdivisions with 15 and across the entire community they recorded 33 sales in August. In all, there were 9 projects that closed ten or more deals with three of those coming from DR Horton (WS Ranch Manor & Bay + Driftwood Bay in the SW), three from Lennar, and single communities from American West, Pulte, and Ryland Homes.
Although numbers fell month-to-month for Lennar's Tapestry community in the Northwest, it continues to be a great seller for them having a dozen or more closings for five months straight and an overall average of nearly 11 per month since it opened.
When looking at all builders, Richmond American and KB Home both closed 96 homes with DR Horton, Lennar, and Ryland Homes rounding out the top 5. Incidentally, the difference between the 6th place builder (Toll Brothers) and #5 (Ryland) was 34 closings!
New Home Permits - August 2015 by Sub-Market Area
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