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 New Home Information
January-December 2011
| New Home Sales (all products) |
3,894 |
| New Home Permits |
3,732 |
| Existing Home Sales |
48,822 |
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New Home Median Price**
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$212,250 |
| Existing Home Median Price*** |
$110,000 |
**The median price of a new home reflects traditional product types and omits high/mid-rise prices. Year-over-year, the price is down 2.7 percent.
***The median price of a resale is down 7.6 percent compared with the period a year ago.
Source: Home Builders Research Inc. of Las Vegas. HBR is at www.homebuildersresearch.com, or e-mail
to hbr1@cox.net.
Top 10 Southern Nevada Homebuilders
Home Builders Research Inc. of Las Vegas has reported on home building companies'
building permit activity in 2011. Here are the top 10 on the list.
They are:
| Builder |
Total Net Sales |
| 1- KB Home |
511 |
| 2 - DR Horton |
451 |
| 3 - Richmond American |
360 |
| 4 - Lennar |
346 |
| 5 - Pulte/Del Webb Communities |
264 |
| 6 - Ryland |
223 |
| 7 - Harmony |
200 |
| 8 - Pardee |
195 |
| 9 - American West |
190 |
| 10 - Dunhill |
189 |
Home Builders Research Inc., is at www.homebuildersresearch.com, or e-mail to hbr1@cox.net.
How Many Homebuilders Are There?
At the end of 2011, there were 26 traditional home building companies (pulled 5 or more permits for single-family, detached homes in 2011) in Southern Nevada, compared with 32 at the end of 2010; 26 at the end of 2009; 38 at the end of 2008, 47 at the end of 2007, and 77 at the end of 2006. The historic high was 179 homebuilders in 1996.
Sources: Home Builders Research Inc., www.homebuildersresearch.com
Builder List Online
Those of you who are looking for a list of builders can now go to Home Builders Research and purchase a list for $50. If you have any questions, contact Dennis Smith at (702) 645-4200 or via e-mail at hbr1@cox.net.
Historical Data
Closed New Home Sales
2011 - 3,894
2010 - 5,341
2009 - 5,271
2008 - 10,464
2007 - 19,670
2006 - 36,051
2005 - 30,750 (38,517 including apartment conversions)
2004 - 29,248
2003 - 25,230
2002 - 22,502
2001 - 22,940
2000 - 20,520
1999 - 21,162
1998 - 20,259
1997 - 19,839
1996 - 19,785
1995 - 17,903
1994 - 18,975
1993 - 14,287
1992 - 11,255
1991 - 11,146
1990 - 12,353
Median Price of a New Home
2011 - $212,250
2010 - $218,080
2009 - $216,854
2008 - $245,000
2007 - $280,085
2006 - $330,094
2005 - $309,990, with apartment conversions; $345,130 without conversions
2004 - $290,287
2003 - $209,611
2002 - $186,827
2001 - $178,920
2000 - $161,893
1999 - $147,750
1996 - $127,250
1990 - $116,990
(For Metropolitan Las Vegas area (Clark County, Las Vegas, Henderson, North Las Vegas, Boulder City)
Source: Home Builders Research Inc. of Las Vegas; www.homebuildersresearch.com ;
e-mail to hbr1@cox.net.
Sources For Area Information
(The following SNHBA members and others are sources of information
about the Las Vegas marketplace.)
Applied Analysis
(salary survey/market/economic information)
Jeremy Aguero/Brian Gordon
(702) 967-3333
info@AppliedAnalysis.com
www.appliedanalysis.com
Clark County Department of Comprehensive Planning
"Clark County Demographics Summary"
(702) 455-4181
Home Builders Research Inc.
(Updated metro Las Vegas homebuilding/housing data)
Dennis Smith
(702) 645-4200
hbr1@cox.net
www.homebuildersresearch.com
Las Vegas High-Rise & Condominium Association
Contact is 2009 President John Eisele, sales manager of juhl Las Vegas
(702) 853-1853
john@lvhca.com
www.lvhca.com
Las Vegas New Homes Guide of the Las Vegas Review-Journal
(Monthly metro Las Vegas housing guide)
Claire DeJesus/Cristy Vega/Beth Schwartz
(702) 3875220
cdejesus@reviewjournal.com
www.snhomes.com
www.suburbanlivinglv.com
Nevada Development Authority
(One-stop shop for businesses thinking about relocating to metro Las Vegas)
(702) 791-0000 or toll free (888) 466-8293
www.nevadadevelopment.org
Nevada's Labor Commissioner
(annual updated prevailing construction wages survey)
www.laborcommissioner.com
(Northern Nevada Housing/Demographic Information)
Economic Development Authority of Western Nevada (EDAWN)
(775) 829-3700
www.edawn.org
Restrepo Consulting Group LLC
(Southern Nevada economic/demographic/real estate information)
John Restrepo
(702) 967-3188, Ext. 401
jrestrepo@rcg1.com
www.rcg1.com
Questions about this page should be directed to News Editor Monica Caruso at (702) 794-0117
or by e-mail at monica@snhba.com.
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