Vegas on a roll with 8,500-home development

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It’s like 2006 all over again — with a few twists.

Henderson’s 2,000-acre Inspirada master plan is launching a Saturday sales blitz of pre-recession magnitude, with 16 new model homes in nine subdivisions by KB Home, Pardee Homes and Toll Bros.

No master plan has debuted so many neighborhoods and models in one day since the downturn, said Dennis Smith, president and CEO of Home Builders Research in Las Vegas. You’d have to look to the days of 30,000 local building permits a year — back in 2005 or 2006 — to see this kind of single-day sales event. The confidence boost that results from the opening could have ripple effects across the housing market, Smith said.

“This is huge for home builders and contractors. If, in fact, it is as successful as people hope — and early reports are that it may be — then it really helps everybody with their projections on what’s going to happen in the future, and they’ll be able to hire more people.” (READ THE FULL ARTICLE)