Las Vegas Weekly New Home Activity Update

For the week ending April 30th the new home segment of the Las Vegas housing market remained "hot," continuing at levels seen for most of 2017.  Builders realized just under 1 sale per project overall across 262 reporting communities.  Market share percentages for the week are shown in the following graphs:

MARKET SHARE: # OF ACTIVE PROJECTS

MARKET SHARE: NET SALES

DR Horton (38 projects) and KB Home (29 projects) shared the top stop for sales with 36 apiece.  On a sales per project level, American West Homes, Del Webb Communities, Harmony Homes, Pulte Homes, Signature Homes, and Warmington Residential all reported strong sales numbers as well.  The top performing subdivision for the week was Serene Canyon from KB Home with seven sales, nearly doubling the overall total they've had since opening in February.

DR Horton began reporting another new project this week called Artesian Estates near Dean Martin & Cactus in the southwest valley.  It has 16 lots with prices starting in the high $500,000s.  Shea Homes also began reporting their new active adult project in Summerlin, known as Trilogy.  It is located on Flamingo & Town Center and prices start in the $400,000s.

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