Builders Snap up Pricier Land Parcels to Meet Thirst for New Homes

From the article: "Las Vegas is seeing “extraordinary market conditions” with a 90 percent increase in residential land prices from a year ago and 37 percent increase in total sales volume, a local land expert said... The spike in land values and acquisitions is largely attributable to improvement in the new-home market."

Read more here:
http://www.reviewjournal.com/business/housing/builders-snap-pricier-land-parcels-meet-thirst-new-homes

Photography: JESSICA EBELHAR
Source: REVIEWJOURNAL.com