Subscribers have just received in their inboxes Volume 358 of the Las Vegas Closing and Permit Report with data from July 2017. Clark County home builders recorded slightly less than 700 new home closings and pulled over 800 building permits. These numbers put closings up 21% and permits up 4.5% year-to-year. Ten projects reported their first closings in July.
Expressions by DR Horton (unsurprisingly when considering net sales figures from our Weekly Traffic & Sales Watch), led all communities with nearly 20 closings. Seven of the top ten performing communities have overall average prices under $300,000.
% of New Home Closings by Price Range
For those who are unaware, the Closings part of this tandem report contains a list of all communities in Clark County recording a closed sale over the past 12 months, with totals for each month. Also, basic information for each project is listed including Area, Total Avg. Sales Price, Current Month Avg. Sales Price, Product Type, Avg. Lot Width, Avg. Lot Size, Total Lots, Zoning, Planned Community, and ZIP Code. Finally, Avg. Closings Per Month for the past 12 months, Total Closings, and yearly totals for the past two years as well as monthly builder totals and averages are also included. Wow, what a jam-packed report! One of the best features of the report is that it is published as a spreadsheet allowing you to sort and dissect the data on your own for your own purposes, instead of being stagnant charts or graphs in a .pdf file.
Looking at permits, 16 projects pulled 10 or more in July with North Peak from Pardee Homes in North Las Vegas leading the way.
% of Permits Pulled by Sub Market Area
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