Loading...
You are here:  Home  >  Real Estate  >  Current Article

Kingman, Las Vegas ride same boom-and-bust roller coaster

Posted by   /  September 7, 2018  /  No Comments

    Print       Email

Aerial view of several new homes in different stages of construction in a subdivision off Slaughter House Canyon Road in Kingman, Ariz. on Friday, August 17, 2018. / Michael Quine Las Vegas Review-Journal

 

By Eli Segall | Las Vegas Review-Journal

Kingman, Arizona, is about 100 miles from Las Vegas and a fraction of its size. But their homebuilding markets in many ways have been mirror images.

In both places, a rapid acceleration in the mid-2000s was followed by a devastating crash, and the current recovery is nowhere close to recouping all its losses.

In Kingman, builders pulled 190 residential permits in 2000 and then 910 in 2005, but just 35 in 2010. They pulled 286 permits last year, city data show.

In Clark County, builders sold around 20,500 homes in 2000 and almost 39,000 in 2005, but just 3,900 in 2011. Last year, they sold 9,400 homes, according to Home Builders Research.

READ ON:

    Print       Email
  • Published: 2 years ago on September 7, 2018
  • Posted by:
  • Last Modified: September 7, 2018 @ 11:05 am
  • Filed Under: Real Estate
  • Tagged With:

Leave a Reply

You might also like...

Meeting on WV cross-dock ends with no vote

Read More →