New Homes Market Increases

The new-home market in Las Vegas continues to improve with 347 sales in April, a 34.5 percent increase from the same month a year ago, Home Builders Research reported Wednesday.

Builders are seeing more traffic through new-home subdivisions as resale inventory has tightened, a result of Nevada's robo-signing law that has slowed foreclosure activity.

For the year to date, new-home closings have increased 20 percent to 1,220.