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Las Vegas, NV Dashboard Reports

Las Vegas, NV - January 2014 - New Home Closings Numbers Give Hints Market Fall is Deepening

New home sales fell in Las Vegas, NV in January. Foreclosures as a percentage of existing home closings rose, climbing 2.1% percentage points. Real Estate Owned (REO) closings as a percentage of existing home closings dropped, falling 1.6% percentage points. Average prices of new homes moved up, rising 30.4%.

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Las Vegas, NV Dashboard Reports

Las Vegas, NV - December 2013 - Figures for New Home Closings Suggest Market Fall is Subsiding

New home sales fell in Las Vegas, NV in December. The percentage of new home closings belonging to single family homes rose, climbing 5.9% percentage points. Average prices of new homes moved up, rising 31.5%. The percentage of new home closings belonging to attached homes dropped, falling 5.9% percentage points.

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BIG BUILDER

What to do next about new-home pricing?

Two challenges of the moment face production home building strategic leaders: 1) last week's bewildering series of data points--home builder sentiment, housing starts and permits, and existing home sales--fed into housing's atmosphere like a wet blanket, a mere pulse-beat or two after a highly exuberant showing earlier this month at the International Home Builders Show in Las Vegas. Which is real? More importantly, is this: 2) What's leadership's role--and what are the options--when near-term headline risk shows its ugly head. To get at both challenges, we need to look first at prices, particularly rising prices, and understand whether they're the true culprit for which cold wintry weather may be getting the blame. Or merely an associated factor?

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Las Vegas, NV Dashboard Reports

Las Vegas, NV - November 2013 - New Home Closings Figures Signal Market Decline Getting Steeper

New home sales fell in Las Vegas, NV in November. Average prices of new homes moved up, rising 33.6%. The percentage of new home closings belonging to single family homes rose, climbing 6.2% percentage points. Foreclosures as a percentage of existing home closings dropped, falling 8.7% percentage points.

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