We at Home Builders Research have recently been distributing our April 2017 housing and land reports to subscribers. Those interested in subscribing or purchasing a single issue may do so from our website homebuildersresearch.com.
Our Monthly Area Summary Chart gives a brief overview of sales activity and consumer traffic taken from our Weekly Traffic & Sales Watch. Our Monthly Interactive Summary takes this same data for each reporting community and plots it on a map for easy visualization of active new home projects.
Also available is our flagship Las Vegas New Home Closings and Permits Report, giving closing totals going back 12 months and permit totals for the current month. Volume 355 shows that new home closings continue to bounce around in 2017 with a month-to-month decrease of nearly 25% after a rise in the same amount the month previous. Malibu by Harmony Homes in North Las Vegas and Del Webb's Sun City Mesquite both recorded 12 closings in April to lead the way. Below is a breakdown of closings (%) by sub-market area:
NEW HOME CLOSINGS BY SUB-MARKET AREA (%) - APRIL 2017
Lastly is the Las Vegas Land Report, which we have been publishing for over 23 years now. We have seen a fairly consistent amount of overall land transactions in Clark County for many months now. Builder activity has continued at a slow but steady pace as well. In April, we saw purchases from American West, DR Horton, Richmond American, Touchstone Living, Christopher Homes and William Lyon Homes totaling over $11 million. For a complete breakdown, subscribe today. We also offer an Interactive version of the report which plots the transactions on a map for easy visualization.