Over the past couple of weeks subscribers have been receiving the latest data on the Las Vegas new home market. March and Q1 numbers came in very strong and we have been, frankly, surprised by the level of activity homebuilders have been reporting. Mainly that sales have started the year so strongly and maintained themselves beginning back in January. As we get into the full swing of the spring selling season, we expect (and have already seen based on our latest Weekly Traffic & Sales Watch) things to continue and achieve even higher levels.
Here is a snapshot of some of the overall numbers we're seeing, comparing Q1 2016 to Q1 2017:
Reported New Home Net Sales UP 18%
New Home Permits UP 11%
New Home Closings UP 33%
Total $ Spent By Builders on Land UP 72%
Wow, those figures will make anyone want to take a second look. Luckily for you, all of this data is available down to the transaction level in our standard reports listed below. Even better, if you need a more specific breakdown of a particular area, a historical perspective, data for specific subdivisions, or any other unique requirement, all you need to do is CONTACT US and we will put something together to meet your needs quickly, and well within your budget.