builder: Las Vegas land prices soften up, except on resort corridor - 08/15/08 06:43 PM
The way the residential real estate market today is going in Southern Nevada it's no surprise that raw land values here are heading south. Demand for land is way down as the housing sector struggles with a large inventory of new and resale homes. Even if a builder wanted to purchase acreage … (8 comments)
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builder: Las Vegas new home sales now follow a more stable pattern - 07/19/08 09:55 PM
Since last summer new home sales have been gradually declining in the valley and evidently reached the bottom of the cycle around January of this year. Since then the numbers have been pretty even, but by no means something to write home about. Yet, in the absence of losing any more … (6 comments)
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builder: Coyote Springs put on hold for now - 05/11/08 10:15 PM
Development in metropolitan Las Vegas is pushing in all directions, along the cactus-dotted desert floor and up and over craggy foothills and mountains surrounding it. When about 5,000 to 6,000 people move here every month there has to be housing and services for them, but as developable and reasonably-priced land is … (0 comments)
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builder: Las Vegas real estate prices turn more affordable - 04/26/08 08:07 PM
The current crunch that descended on the Southern Nevada housing market is slowly working on what it is designed to do. It was invited to the valley by stark economic realities that had learned the bazaar had grown overheated and was actually about to spiral out of control. Home prices were zooming, … (4 comments)
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builder: Mortgage foreclosures more common in outlying Las Vegas suburbs - 04/17/08 08:52 PM
Very little has changed in the last few months. Nevada still ranks as number 1 in the country in mortgage foreclosure filings with 18,087 for the first quarter of this year, according to California firm foreclosures.com. The state just can't seem to shake that undesirable position. Clark County has nearly 16,000 … (2 comments)
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builder: Hoover Dam bridge construction at full speed again - 03/06/08 12:25 AM
One day back in September of 2006 was rather unkind to the new Hoover Dam bridge project. Winds that faithful day were robust, to the tune of 55 miles per hour, and managed to knock down a vital cableway structure used to ferry building materials over the rocky Black Canyon construction … (2 comments)
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builder: Cosmopolitan condos back in business - 03/02/08 12:34 PM
A few weeks ago Cosmopolitan was walking on thin ice after the development's lender Deutsche Bank served it a notice of default. Despite the currently low mortgage rates the condominium segment in Las Vegas is slogging through an over-built and soft market. Cosmopolitan fell victim to these trying circumstances, as have … (6 comments)
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builder: Las Vegas home builders going green - 01/23/08 11:33 PM
Southern Nevada Home Builders Association, or SNHBA, is becoming very active in embracing the green housing concept. It has combined efforts with the Green Building Initiative to draw up guidelines for the Southern Nevada Green Building Partnership, an entity that sets standards for water management, energy use and the employment of … (9 comments)
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builder: Nevada heads national population growth rate - 12/28/07 10:32 PM
Nevada has been in the news a lot lately for problematic reasons related to the mortgage industry and residential real estate issues. But after a long drought it again has something to cheer about. It once more is the fastest-growing state in the union, after being edged out last year by … (4 comments)
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builder: Las Vegas housing crawls along - 12/23/07 09:41 PM
The November residential real estate indicators for Southern Nevada were recently published by Home Builders Research and SalesTraq, two local industry research shops. In general the numbers are down, an altogether familiar pattern for the past several months.
In the new home category sales are off by 47.5% from last year and … (2 comments)
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builder: Real estate market to improve next year? - 11/14/07 02:20 PM
The residential real estate experts continuously evaluate data that flows across their computer screens and try to decipher what it all means. There is so much to consider, though, that it's impossible to reach a consensus on when to expect a market turnaround. Besides, the soft market has shaken really hard … (14 comments)
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builder: Home builder stocks rally - 10/03/07 04:31 PM
Most of the housing market reports that you see in the news still come out on the down side. Generally speaking they are. Resales continue to be soft with MLS inventories hovering at high altitudes and builders are struggling with unsold homes and have cut back production. As an exception, a … (2 comments)
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builder: Housing woes pinch new home size - 09/18/07 01:23 PM
Home builders have lately been on a steady course of constructing ever larger houses and condos for the consumer who was looking for a bigger place to live in, whether he really needed it or not. That was the trend for years. It, in fact, accelerated during the early years of … (8 comments)
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builder: Mortgage defaults bring opportunities - 08/31/07 10:26 PM
Real estate flippers and other speculators have been flogged badly in recent months for being partly responsible for the quick run-up in prices during the boom years and now for the smoldering ruins they left behind. And deservedly so. They managed to do most of the damage in four states, namely … (2 comments)
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builder: Real estate contract renegotiating pointers - 08/18/07 07:46 PM
Even though it's a buyer's market, purchasing a new home can easily bring from moderate to severe heart palpitations. No, this isn't about the lender you were going to use that could go under any day now. This is about the value of the property you are supposed to close on … (4 comments)
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builder: Nevada tops Energy Star list - 07/27/07 09:11 PM
Energy Star is EPA's, or Environmental Protection Agency, energy efficiency program for the home building industry. To qualify for it homes have to pass an independent verification process to meet EPA's rather stringent guidelines. Houses that make the grade nowadays are a minimum 15% more energy efficient than those that were … (8 comments)
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builder: Las Vegas suburbs on the march - 07/24/07 07:25 PM
Las Vegas valley still has a good amount of land available for residential development and eventually it'll be graded for more houses and condos and townhouses. But real estate is getting so expensive here that the future homes will be priced out of reach for many buyers. Another housing solution has … (2 comments)
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builder: Green housing research funding - 06/29/07 06:16 PM
It's encouraging to see that Washington is taking steps, still kind of small but steps anyway, to fund research on how to increase efficiency in our houses. The home building industry is already spending money on it and now the federal government is joining in. The two-prong approach will add more muscle … (4 comments)
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builder: Summerlin development going green - 06/26/07 11:49 PM
Summerlin has been famous for years for being one of the top-selling master-planned housing communities in the nation. Which has partly helped Las Vegas carve a favorable niche for itself as a livable city. Besides that, it has top finishes on other lists, too. It was the first local developer to introduce extensive desert landscaping in its … (4 comments)
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builder: Home builders on the move - 06/25/07 07:40 PM
The residential real estate market in the last year or two has been rather trying for new home builders in just about all regions of the country. Some areas have weathered the storm a little better than others, but overall the market is in a slump. Even though they have dutifully cut back on … (2 comments)
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builder: Las Vegas housing struggles - 06/22/07 10:05 PM
The Southern Nevada real estate market continues to struggle. In its latest report the Home Builders Research, a Las Vegas firm, registers 1,724 new-home permits in May, putting the year-to-date total at 7,934 that in turn tells us that there is a 34% decline in the figure from the same time … (0 comments)
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builder: House lust on the rise - 06/06/07 04:09 PM
It's old news that the real estate market is soft in most regions of the country and this applies to both the new home and resale arenas. They're definitely feeling the pain. Home builders have used all sorts of incentives to sell property, from mortgage buy-downs to appliance packages and what not. … (2 comments)
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builder: Water Smart Home program's new member - 05/24/07 07:04 PM
Southern Nevada Water Authority, or SNWA, has a large responsibility to carry on its shoulders. As the Las Vegas metropolitan area keeps on growing at a healthy pace, it has been working tirelessly to satisfy its ever-increasing water needs. But growth is only one thing to worry about. Another is that … (2 comments)
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builder: Home builders under pressure - 05/16/07 12:26 AM
The latest data in the Housing Market Index, HMI, that measures the nations's housing demand slips to the lowest level in its present cycle. It's put together monthly by the National Association of Home Builders and Wells Fargo. The survey focuses on three key areas; builder outlook for current single-family house sales, overall sales projections for the next six … (3 comments)
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builder: Housing sector key in energy conservation. - 04/25/07 04:46 PM
UNEP, United Nations Environment Program, sponsors the Sustainable Building and Construction Initiative, or SBCI, that recently issued an eye-opening report about global warming and what role the building industry plays in it. The sector alone accounts for 30-40% of global energy use, a significant amount. It should also be mentioned that the … (10 comments)
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builder: Energy Star winners in Southern Nevada. - 04/19/07 03:00 PM
The air hung tense in anticipation among the participants at the recent awards ceremony in Washington. A lot was at stake. For homebuilders and firms in related industries an Energy Star label today means that you're cutting edge in your field. It's good for the business, your bottom line, and good … (1 comments)
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