Home Builders Report Brisk Sales - 8 News NOW

Home Builders Report Brisk Sales

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LAS VEGAS -- The sound of construction is once again being heard around the Las Vegas valley. Home builders say they are seeing a surge in the sale of new homes.

At the Canyon Falls housing development near Buffalo Drive and Agate Avenue in the southwest valley, the community is nearly sold out. Only five lots are available.

The process can be frustrating for home buyers. Some are finding it difficult to buy a resale home or find land to build a new home.

"We kept visiting places and basically they were saying no everywhere, said newly married,  Roberto Semidei. "It's real frustrating."

"Unfortunately, it's just the way it is," said Dennis Smith with Homebuilders Research, Inc.

Smith researches the housing industry in southern Nevada. He says, over the past year, the number of available lots has been dwindling.

"it's harder for them to find a house and it also means that prices are going to go up," Smith said.

In some cases, the prices are changing daily. While that's promising news for home builders, it's tough for home buyers.

Builders say their own costs are going up too.

"A lot of times, consumers feel like builders are taking advantage of a market. Really we're not. It's a function of what our costs have become," said John McLaury, the vice president of sales for Kb Home Nevada.

"If you see something you like, my advice would be to buy it, buy it today," said Geoff Gorman, the vice president of sales for Harmony Homes.

"My advice is be patient, be very patient and be very thorough," Smith said.

Kate and Roberto Semidei did eventually find a new home and made a decision to buy.

"He just looked at me and he was like, 'Are you ready to do this?' Because it was kind of like now or never," Kate Semidei said.

 

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