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Tuesday, September 17, 2013

Local Home Construction Business has Best Month this Year

According to a recent report from Las Vegas-based Home Builders Research, the Valley's local home construction business had its best month of the year in August. This has been largely attributed to climbing sales prices, in which the median sales price of August's closings was $266,389, up 31 percent from last year. Builders have subsequently sold 5,027 homes this year through August, up 60 percent from the same period last year. New home construction plans are also continuing at a strong pace, as Builders gathered 673 new home permits just last month.

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