Las Vegas’ homebuilding market pumped the brakes yet again last month.
Builders landed 510 net home sales — newly signed sales contracts minus cancellations — in Southern Nevada in September, down 37 percent from the same month last year, according to a new report from Las Vegas-based Home Builders Research.
Amid the slowdown in sales, builders also cut back on their construction plans: They pulled 579 new-home permits last month, down 33 percent from September of last year.
Overall, builders closed 829 home sales last month, down 19 percent from a year earlier.
After a buyer signs a sales contract with a builder, it can take several months before construction of the house is finished and the sale closes.
Buyers paid a median price of $529,140 last month for newly built homes, up almo

Las Vegas Review-Journal Business

KOLO8 Crime
KTNV Channel 13 Las Vegas
Local News in D.C.
CBS Colorado Politics
Essentiallysports College Sports
AlterNet
New York Post Shopping
14 News Sports