Over the past several years, Southern Nevada has welcomed thousands of new residents, expanded its master-planned communities, and continued building homes across the Las Vegas Valley. While new neighborhoods continue to open, the supply of true custom homesites—where buyers can design a home specifically for the land rather than choose from a builder's floor plans—is becoming increasingly limited. In...
Recent reports of homebuilders paying record prices for residential land in Summerlin have prompted an understandable question: Why would builders spend so much before a single home has even been built? The answer has less to do with the land itself than with everything that surrounds it. You're Not Just Buying Dirt When a builder purchases land in Summerlin, they're investing in decades of...
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