Las Vegas homebuilders have more than doubled their land purchases this year amid rising sales and prices, a new report shows. Builders closed 863 new-home sales in Clark County last month, up 36 percent from April 2017, and fetched a median sales price of $374,440, up 11 percent year-over-year, according to a report out Friday from Home Builders Research. They also pulled 1,047 building permits in April, up 28 percent from a year earlier and marking the first time since 2007 that local builders pulled more than 1,000 permits in two consecutive months.
Source: Las Vegas Review-Journal