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Tuesday, November 26, 2013

For Las Vegas Homebuilders, 2013 Called ‘Year of Recovery’

Although Las Vegas home construction businesses have experienced a slowdown in sales during the past few months, the conditions we are seeing now are still far better than those of 2012. Approximately 6,236 new homes have been sold this year up through October, up 44 percent from the same period last year.
“As we close out 2013, in our opinion, it will be remembered as ‘the year of recovery,’” Home Builders Research President Dennis Smith said in his latest report. “Things are going in the right direction, but there is still a long path ahead for everyone to feel a sense of comfort. ”

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Photo: Steve Marcus

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