We at Home Builders Research have just released our Las Vegas New Home Quarterly Traffic and Sales Summery for the 2nd quarter of 2017. As we have been showing in our Weekly Traffic & Sales Watch, new home net sales are doing very well throughout Southern Nevada. We are reporting overall net sales figures to be up 12% from Q1 2017 and 14% from Q2 2016.
Focusing in a little further, we see the following year-to-year changes in the six sub-market areas of the Las Vegas valley:
New Home Net Sales Q2 2016 v 2017
- EAST -33%
- HENDERSON +16%
- NORTH LAS VEGAS +2.5%
- NORTHWEST -16%
- SOUTH +206%
- SOUTHWEST +15%
Here we see a perfect example of how specific the market is based on location, location, location... To qualify this data, we will show the number of communities active in these areas:
# of Active Projects by Sub-Market Area
Looking at individual builders, we don't see much change at the top of the rankings from a year ago. That doesn't mean however, that the next tier of the market isn't getting shaken up. Private, local builder American West Homes jumped into the top 5 in this year's report and Toll Brothers made it into the top 10. Among others in the "middle third" of builders in terms of volume, Century Communities was another "gainer" in market share while CalAtlantic, Pulte/Del Webb, Pardee, and Woodside Homes dipped year-to-year.
Our quarterly summary is a 40 page report jammed full of data and graphs on the new home segment. Even better, you can also get the report in spreadsheet format which allows the client to sort and manipulate the data as they like to dive deeper and create charts and graphs as needed. If neither of these solutions work for you, simply Contact Us with your needs and we will surely be able to provide you what you're looking for. Download the report or subscribe today.