New Home Information

January through December 2009

New Home Sales (all products) 5,271
New Home Permits 3,850
Existing Home Sales 44,885
New Home Median Price
$216,854
Existing Home Median Price $123,000


Source: Home Builders Research Inc. of Las Vegas. HBR is at www.homebuildersresearch.com, or e-mail
to hbr1@cox.net.

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Top 10 Southern Nevada Homebuilders
(in terms of permits for five or more single-family new homes)
Home Builders Research Inc. of Las Vegas has reported on home building companies'
new-home permits for 2009. Here are the top 10 on the list.
They are:
Builder Building Permits
1- Richmond American 493
2 - KB Home 479
3 - DR Horton 376
4 - Ryland 363
5 - Lennar 331
6 - Pulte 279
7 - Woodside 247
8 - Pardee 185
9 - America West 169
10 - Harmony 144


Home Builders Research Inc., is at www.homebuildersresearch.com, or e-mail to hbr1@cox.net.

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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.

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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.

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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)
Michael Ellison
(626) 644-9669
mellison@hanleywood.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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