Lennar topped the list as the No. 1 Las Vegas new homebuilder in a year that has seen the top 10 show a 22 percent sales decline while the market share of more affordable townhomes continues to increase, hitting its highest mark in 12 years.

The latest numbers from Home Builders Research show the top 10 builders in 2025 had 4,619 sales, down from 5,907 in the first half of 2024.

The building industry nationally has faced a decline from elevated interest rates, higher costs and concerns about the economy. Interest rates have hovered just below 7 percent.

No. 1. Lennar had 1,065 net sales in the first half of 2025, a 11 percent decline from 1,198 in 2024. Lennar was June’s top-selling builder with 156 net sales.

The No. 2 builder was DR Horton with 906 sales, 3 percent lower than the 931

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