Builder opens NLV project planned for more than 1,500 houses

KB Home has opened its largest caller assemblage successful Southern Nevada successful a decade.

The homebuilder announced Friday that the archetypal signifier of its Sandstone improvement successful North Las Vegas is unfastened for sale, with prices starting successful the $300,000-range.

Plans telephone for much than 1,500 homes successful Sandstone, arsenic good arsenic parks, trails, hoops and pickleball courts, and different features.

The community, located northbound of the 215 Beltway-North Fifth Street interchange, spans astir 300 acres, according to the quality release.

Overall, it volition diagnostic one- and two-story single-family homes, on with two-story townhouses.

Jim McDade, Las Vegas part president for KB, said successful the merchandise that Sandstone “presents an accidental for attainable homeownership successful a highly desirable setting.”

Across Southern Nevada, the median acquisition terms of a recently built location was astir $535,000 successful July, according to Las Vegas-based Home Builders Research.

Los Angeles-based KB is simply a longtime builder successful Southern Nevada, and Sandstone marks its largest task locally successful the past 10 years, McDade has said.

Property records amusement that successful precocious 2024, KB acquired much than 200 acres for astir $91 cardinal for the community, the Las Vegas Review-Journal antecedently reported.

All told, Las Vegas homebuilders landed a large leap successful month-to-month income measurement successful July, but concern wide was inactive acold beneath year-ago levels.

Builders logged 735 nett location income — recently signed income contracts minus cancellations — successful Southern Nevada successful July. That was up 28 percent from June but down 7 percent from July 2025, Home Builders Research reported.

The bulk of the marketplace comprises single-family homes, and aft a purchaser signs a income declaration with a builder, it tin instrumentality respective months earlier operation of the location is finished and the merchantability closes.

Overall, builders closed 4,750 location income this twelvemonth done July, down 20 percent from the aforesaid seven-month agelong past year, and pulled 4,776 permits, down 25 percent, Home Builders Research found.

Contact Eli Segall astatine esegall@reviewjournal.com oregon 702-383-0342.