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 New Home Information
January-July 2010
| New Home Sales (all products) |
3,405 |
| New Home Permits* |
3,233 |
| Existing Home Sales |
25,365 |
|
New Home Median Price**
|
$195,000 |
| Existing Home Median Price |
$123,000 |
*Permit activity increased 58.8 percent compared with January-July 2009.
**The median price of a new home reflects traditional product types and omits high/mid-rise prices
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
(in terms of total net sales for five or more single-family new homes)
Home Builders Research Inc. of Las Vegas has reported on home building companies'
total net sales for the first half of 2010. Here are the top 10 on the list.
They are:
| Builder |
Total Net Sales |
Market Share |
| 1- DR Horton |
406 |
14.82% |
| 2 - Richmond America |
358 |
13.07% |
| 3 - KB Home |
327 |
11.94% |
| 4 - Harmony |
264 |
9.64% |
| 5 - Pulte/Del Webb |
185 |
6.75% |
| 6 - Lennar |
171 |
6.24% |
| 7 - Pardee |
162 |
5.91% |
| 8 - American West |
142 |
5.18% |
| 9 - Beazer |
136 |
4.97% |
| 10 - Woodside |
123 |
4.49% |
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 2009, there were 26 traditional home building companies (pulled 5 or more permits for single-family, detached homes in 2009) in Southern Nevada, compared with 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, and the number has decreased annually, with the exception of 2004, for a variety of reasons.
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
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
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
Hanley Wood Market Intelligence
(Updated metro Las Vegas homebuilding/housing data)
Ken Lewandowski
(626) 644-9669
klewandowski@handleywood.com
www.hwmarketintelligence.com
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
Relocation Resources, LLC (Relocating to Las Vegas)
(Quarterly publication from Las Vegas Publications for those relocating to Las Vegas area)
Jennifer Mahar
(702) 444-4088
(702) 444-0079 (fax)
jennifer@lvpublications.com
www.lvrelocationguide.org
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
Marketing Solutions
(Updated metro Las Vegas housing/homebuyer data)
Steve and Marcia Bottfeld
(702) 341-8355
(702) 494-8355
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
New Homes & Living magazine
(Monthly metro Las Vegas housing guide)
Jennifer Hoge
(702) 891-0095
jennifer.hoge@traderonline.com
www.newhomesandliving.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
Street of Dreams event
(Model homes featuring latest in luxury and high-tech)
Street of Dreams Inc.
(425) 483-0253
info@streetofdreams.com
www.streetofdreams.com
Sullivan Group Real Estate Advisors
(Construction consultants and market research)
Ken Perlman
(858) 523-1443 Ext. 151
k.perlman@sgrea.com
www.sullivangroupadvisors.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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