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Friday, January 17, 2014
Henderson Parks Ground Breaking Signals Recovery from Housing Meltdown
A fresh sign of housing market recovery arrived a little over a week ago when two new parks broke ground in Henderson on the same day as part of Inspirada's master plan. The plan originally launched in 2006 and failed due to the recession. It has since been revived by four of its original builders who agreed to buy out the project back in 2011 after it had gone through bankruptcy. The four builders are ready to begin large-scale construction again, and are slated to debut about 15 product lines and 40 models at Inspirada in 2014. According to the LVRJ, about 1,100 of the expected 8,500 homes have already been built.
In the video below, the Las Vegas Review-Journal interviews executives from Inspirada's four builders - KB Home, Toll Bros., Pardee Homes, and Beazer Homes. They discuss market challenges and hopes for their communities in the year ahead. Watch their discussion below to see what lies ahead for Inspirada.