New Construction Returns to Area Hardest Hit in Housing Bust - 8 News NOW

New Construction Returns to Area Hardest Hit in Housing Bust

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LAS VEGAS -- When the housing crisis hit southern Nevada, one zip code suffered more than any other in the entire country: 89031 in North Las Vegas.

After struggling with foreclosures for several years, that community is now seeing positive signs of progress with construction picking up.

Construction workers are glad to be back on the job, building brand new homes.

Woodside Homes is building Geyser Peak, a subdivision offering large sites with plenty of room to grow in the 89031 zip code.

"It is a small community with 60 homes in a gated area in North Las Vegas," Fara Van Horn, a sales associate at Woodside Homes, said. "Woodside homes is very confident in North Las Vegas."

Van Horn says the company started building in May and it has already had 14 sales.

Woodside Homes isn't alone. Down Ann Road, Pardee Homes is building its Sandstone development.

Four years ago, the sluggish economy meant Pardee had to put the project on hold in deeply-hurt North Las Vegas as the market headed south.

"That is turning around, and I think what buyers are seeing now, potential buyers, is they're seeing the opportunity for getting a value and getting affordable housing," vice president of construction for Pardee Homes Rocky Cochran said.

Cochran also serves as president of the Southern Nevada Homebuilders Association.

"Because of the affordability, I think that drives the market in North Las Vegas right now, probably more than anything else," he said.

While we are far from a boom, 89031 and its surrounding zip codes are also much farther from the bust because building is back.

In this area, there are six active subdivisions, with more than 300 lots.

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