Subscribers have recently received in their inboxes Volume 345 of our Las Vegas Closing & Permit Report containing data from June 2016. As previously reported in our Las Vegas Housing Market Letter and the Housing Snapshot on our homepage, we counted 789 closings for June. The Closing & Permit Report breaks down this data by subdivision and also provides 12-month running totals for each project and builder. This report is widely used by those with an interest in the Las Vegas housing market and is one of our original offerings dating back over 25 years.
In June, Copper Ridge by Pulte Homes posted over twenty closings for the second straight month to lead all active communities. DR Horton's Expressions under the Express Homes label closed 19 sales in just its second month of activity. This large and ambitious North Las Vegas project has been posting impressive numbers in our Weekly Traffic and Sales Watch since it began reporting in early April. We are reporting 283 closings within the major master planned communities in the valley. The graph below shows the breakdown of both closings and permits:
Master Planned Community New Home Closings - June 2016
On the permit side, we are happy to report nearly one thousand permits pulled in June. There were 209 projects pulling permits. The breakdown of permits by sub-market area is below:
June 2016 New Home Permits by Sub-Market Area
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