The effects of the pandemic have thrown the world for a loop in ways no one has ever felt before. The age of COVID-19 has affected our health system, filled our news feeds and changed the way we live and do business. Despite all forecasts pointing to an triumphant 2020, no one could have predicted that a virus would be able to shut down the Las Vegas Strip. But during a time of tragedy, when many are feeling fear, discomfort and uncertainty, there has been an overwhelming amount of compassion and acts of kindness.
Representatives of the Las Vegas housing industry got a briefing Thursday that showed net sales and buyer traffic have rebounded slightly after a steep decline following the shutdown of the casino industry and other non-essential businesses in March due to COVID-19.
Longtime Las Vegas builder Richard Plaster, CEO of Signature Homes, went to Singapore for vacation March 19. He is still there, riding out the global pandemic shutdown. Through text messages he said he has been seeking medical supplies for Nevada.
Instagram culture is redefining architectural design across the country, in both commercial and residential spaces. In recent years, architecture and design firms have been introducing a new concept referred to as “Instagram spots” in their designs to keep up with the growing social media trends.
New home sales dipped sharply during the week Nevada shut down all of its casinos and nonessential businesses, but nearly 200 sales took place, and prospective buyers continued to keep appointments to tour model homes of builders.
The availability of sufficient water resources to meet the needs of an expanding population will continue to be a challenge for the Southern Nevada Home Builders Association and its community partners over the next decade.
Las Vegas has shut down to the world for gaming and hospitality as it deals with COVID-19, but the homebuilding and existing home sales’ industries continue on despite the blow to the economy that’s already caused a halt to some sales and postponement of others.
The Las Vegas new-home market closed February with its strongest week of net sales in years, and a leading housing analyst said prospective buyers haven’t slowed down in checking out model homes through early March as builders target buyers with new projects with lower prices.
New home sales slightly dipped in 2019, but don’t tell that to the valley’s five largest builders who saw their share of the marketplace jump dramatically since 2017 to two thirds last year.
Homebuilder Century Communities has taken over as the master plan developer of Skye Canyon in northwest Las Vegas by acquiring the remaining 400 acres for development not already assigned to builders. The price was $59.1 million.
The Las Vegas new-home market got off to its hottest start in 13 years and there are signs builders are focusing even more on town homes and affordability that’s bringing out the buyers.
It’s been quite an eventful week for the Southern Nevada building and development community, which came under the national spotlight and won awards at the International Builders’ Show at the Las Vegas Convention Center.
Steady and better than 2019. That’s the outlook for the 2020 Las Vegas housing market — both new and existing homes when it comes to sales — and there should be slight price appreciation in both segments as well, according to housing analysts, Realtors, builders and economists who track the Southern Nevada home market.
In December, the Southern Nevada Home Builders Association (SNHBA), held its annual installation luncheon, a yearly gathering where members of the local homebuilding industry celebrate the appointment of the organization’s new board, which will take the torch and continue to drive SNHBA’s dedication to meet the housing and community development needs of Southern Nevada. The event also serves to award outstanding members and supporters in this sector.
