Homebuilders Closing Up Shop?
Diana Heeb Bivona
Will the scarcity of land around LV cause many homebuilders to closer their doors and move on? That’s the conclusion of Dennis Smith, President of HomeBuilders Research in a recent In Business Las Vegas article.
He predicts one, two or three big public homebuilders will leave the market or merge, and it’s not because of a lack of demand. Five years ago, Smith began cautioning against the potential impact of a lack of land for development. At that time, he had suggested there was about a 10- to 12-year supply of land remaining within the Bureau of Land Management disposal boundary for a builder to develop a typical single-family subdivision.
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