Las Vegas Communities Continue Development

I had a recent discussion with the President of one of the home builders here in Las Vegas. I asked if they had their operations on hold for build out Las Vegas communities or if they were pressing forward despite economic issues revolving around housing. He responded that they had slowed down but they were planning for the near future as major business projects are likely to attract many thousands to the valley. He talked about the changes in focus in their products as well as their marketing programs. In some places you can pay a low monthly payment every month that compares equally to rentals. They are developing products that work for 1st time home buyers as well as others for the upscale community. They are poised with land and resources to build homes quickly once economic factors indicate the timing is right.