Source: Las Vegas Review-Journal

New-home sales in Las Vegas spiked to 972 in June, driven by 79 high-rise condominium sales and a rush to beat the June 30 escrow closing deadline for the homebuyer tax credit. June sales more than doubled the 476 figure from the same month a year ago, and the 2010 first-half total of 2,995 new-home sales is up 27 percent from a year ago, Home Builders Research reported Monday. The firm counted 4,298 existing-home sales during the month, compared with 4,536 resales in June 2009. For the year, existing-home sales have increased 7.5 percent to 21,773. There were 402 new-home building permits pulled in June, up from 368 a year ago. The six-month total of 2,862 permits represents an 82 percent increase from the year-ago period. [Read this article]

Source: Las Vegas Review-Journal