Some Real Estate Good News? Housing Starts Up in April

The housing starts stats rose by around 8% in April. Apartment construction is adding new units pushing new housing numbers up. Single family housing is still weak but the optimism by contractors represents some recovery after a very slow March.

However, before we see a large up turn in these overall numbers we'll need to see a decrease in standing inventory:

"economists believe that housing construction will remain under pressure until builders have more success in reducing a huge backlog of unsold homes."

Specifically in Las Vegas, real estate new construction is still flat. Builders wait on the sidelines until inventories indicate a need for strong builds. There are communities that have been popular and new homes are still being built. Las Vegas Realtors are the professionals to ask when looking for a new home.