Las Vegas Weekly Traffic & Sales Update

For the week ending July 24th, new home buyer traffic and sales remained steady.  Lennar Homes knocked DR Horton out of the top sales position with 25 reported sales, and nine builders reported 10 or more sales overall.  One observation from the current market situation is the fact that four major builders (CalAtlantic Homes, DR Horton, KB Home, & Richmond American) account for nearly 45% of the active new home projects in the Las Vegas area.  Thus far in July, they have accounted for nearly 40% of reported net sales.  There were no new projects reporting this week.  For the full scoop on the new home segment, subscribe to the Weekly Traffic & Sales Watch today.