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.