Las Vegas Valley has underbuilt homes for 15 years, with a 64% drop in permits since 2010, far exceeding the national average decline. Challenges include limited federally controlled land, high land and construction costs, labor shortages, and tight credit. Home prices have risen sharply, reaching record highs. Experts stress the need to release federal land and reduce development barriers to address the housing shortage and affordability crisis.
Continue to full article
