To round out the 1st quarter of 2016, the new home segment of the Las Vegas housing industry reported just under 200 Net Sales spread across 237 reporting projects. This is similar to what we have seen for most of the year thus far. Q1 2016 finished with nearly 300 more Net Sales than 2015. There were four builders that ended March with over 100 Net Sales for the month, a feat which only two were able to accomplish for the entire year of 2015.
KB Home has shown huge gains over the first three months of the year reporting just under 70 Net Sales in January, just under 90 in February, and over 130 in March.
For the week ending April 3rd, the top performing builder was Lennar Homes with 24 Net Sales among their 21 projects. There was no single best selling project this week with many subdivision sharing the lead with five Net Sales.
The only new project reporting was DR Horton's Expressions in North Las Vegas. This is their first offering in the valley under their Express Homes label which is geared toward entry level products. The community boasts over 200 lots and offers nine different floor plans ranging from 1600 to 3120 square feet.
Don't forget today is the last day to register for our Las Vegas Housing Outlook presented by Southwest Gas. The event is taking place tomorrow, April 8th, at Cashman Center. Click the banner below to save your seat.