For the week ending August 13, 2017, home builders' sales numbers slowed down slightly, dipping below 0.8 net sales per project for the first time since February according to our Weekly Traffic & Sales Watch. Lennar Homes and DR Horton accounted for 26% of all sales while reporting the same percentage of active communities. One place we see the "slow down" this week is that only four builders achieved an average of 1 or more net sales per project. Another is in the fact that the extremely steadily selling Sun City Mesquite reported zero (or fewer) net sales for only the forth time in 2017.
The top selling projects reported this week were Peregrine Point from Woodside Homes in the southwest and Granite Falls from Richmond American Homes in North Las Vegas. Looking at Master Planned Communities (MPC), the top ten performers included projects in Skye Canyon, Summerlin, Inspirada, and Mountains Edge.
We reported one new community this week, which is actually an extension of the existing "Groves" product line of townhouses in Inspirada from KB Home. They added 93 units to the collection in Pod 4-3, which is currently the southern-most active parcel in the MPC.
The Weekly Traffic & Sales Watch is the most comprehensive breakdown of the southern Nevada new home segment available. Subscribe today to have the most current and accurate data to help you in your everyday business decisions.