Las Vegas-area homebuilders unveiled 15 caller for-sale merchandise lines to marketplace successful May, bringing 1,633 tons into the market. Home Builders Research reported that is astir 2.5 months worthy of inventory astatine May’s pace.
Beazer Homes began selling Verona astat... etc. We need to clean up weird formatting: there are some odd words like "caller", "merchandise", "successful", "tons" maybe meaning "lots"? But we must preserve numbers exactly. The weird words may be OCR errors but we must preserve them? The instruction says preserve facts, names, dates, numbers, and quotes exactly. It does not say preserve the OCR errors like "caller" etc. Those are not facts/names/dates/numbers/quotes. They are just words. We can correct them? The instruction ambiguous. Usually we would preserve the text as given, but they said preserve facts, names, dates, numbers, and quotes exactly. So we can rewrite sentences but must keep the factual content unchanged. So we can correct grammar but keep numbers same. Thus we need to produce a clean article with same facts. Let's list facts: - Las Vegas-area homebuilders unveiled 15 new for-sale product lines to market in May, bringing 1,633 lots into the market. Home Builders Research reported that is about 2.5 months worth of inventory at May's pace. - Beazer Homes began selling Verona at Lake Las Vegas with 56 lots featuring single-family homes priced in the $500,000s. Beazer purchased the lots from Taylor Morrison in November 2025. - KB Home debuted 2 multi-collection communities, Cloudbreak Ridge in Summerlin and Meriden in Henderson. - Cloudbreak Ridge contains the Enclaves and The Reserves. Enclaves has 32 lots with single-story homes, priced in the $800,000s. The Reserves has 72 lots and is priced in the $800,000s. - Meriden contains 5 product lines, including some detached and attached products with base asking prices ranging from $324,990 to $499,990, according to Las Vegas-based Home Builders Research President Andrew Smith. - Lennar, which was May's top-selling builder with 134 net sales, added 2 more parcels to their Triad Springs community in the southwest area with 30 total lots. - Taylor Morrison opened Esplanade at Red Rock in Summerlin, offering 12 products of different types ranging from 1,569 square feet to 2,830 square feet with base asking prices from just under $700,000 to $1.6 million, Smith said. - Taylor Morrison also began reporting Solstice in the 89183 ZIP Code with 60 lots priced in the $500,000s. - Toll Brothers began selling Iron Pointe and Liberty Ridge in Boulder City. Iron Pointe has 27 lots with homes priced in the $600,000s under the Stonybrook Homes brand. Liberty Ridge contains the Crestfield with 14 lots priced at $1.1 million and Windmarch with 15 lots priced from $900,000 to $1.1 million, Smith said. - D.R. Horton’s Heartland Trails in North Las Vegas was the top-selling subdivision with 17 net sales in May, Home Builders Research reported. - There were 711 new home closings in May, a 14 percent change from May 2025. The 2026 total (3,270) is 24 percent below 2025 to this point, Smith said. New home market stock in terms of overall closings was 21 percent in May. - There were 544 single-family detached closings in May, 8 percent less than a year ago. The 2026 total (2,446) is 22 percent below the 2025 figure through May. - Attached products closed 167 units in May, 30 percent less than in May 2025. The 2026 total (824) is down 28 percent year to year. Market stock for attached new home products in May was 23.5 percent. - According to Clark County data, under 12 percent of new home closings in May were cash transactions. Of those that were financed, the average debt amount was $446,791. The largest debt for a new home closing in May was $6.675 million by Goldman Sachs for a customized home in MacDonald Highlands in Henderson built by Giberti Construction, Smith said. - The median new home closing price for all product types was $518,990 in May 2026, a 2 percent change from May 2025. The median new home closing price for single-family detached products was $555,793, down 5 percent from May 2025. For attached product types, the May 2026 new home median closing price was $372,990, 2 percent lower than May 2025, Smith said. - Cancellations reported a 2026 high of 20 percent in the last week of April but stabilized around 15 percent throughout the month of May, Smith said. - The housing market continues to be wounded by elevated mortgage rates. Smith said Freddie Mac reported that average mortgage rates rose sharply during May, ending the month with the highest average rates since August 2025. Over the course of the month, rates rose from 6.30 to 6.53 percent on average for 30-year fixed-rate mortgages and from 5.64 to 5.87 percent for 15-year fixed-rate mortgages, Smith said. - Builders are responding to the decline in sales. The May 2026 building permit total of 627 was 42 percent lower than May 2025. The 2026 total (3,545) is 28 percent below the same point in 2025. - Vacant land purchases by homebuilders yielded only 4 closings in May, adding about 37 acres to their portfolios, Smith said. - “If we assume an average of 10 units per acre, this equates to about 370 new homes, or less than 3 weeks of inventory at May’s sales pace,” Smith said. - D.R. Horton added parcels in the southwest near Rainbow Boulevard and Cactus Avenue at more than $1.3 million per acre from fellow builder Signature Homes and 30 acres in east Henderson. Toll Brothers added a 2-acre parcel at Grand Canyon and Regena Avenue in the northwest for $425,000 per acre, Smith said. - Smith also said there were some transactions involving finished lots in the new Aries master-planned community in Henderson. This is the former mining tract that was purchased by Pulte Group in 2024. - Smith said Pulte has just begun operations within the master plan but closed deals with D.R. Horton (104 lots) and Richmond American Homes/Sekisui House US (72 lots). - “While not wholly uncommon, the swapping (buying and selling) of land between builders is not something we have seen very often implicitly the past years in the Southern Nevada market,” Smith said. - “Century Communities made similar moves after they acquired the remainder of the Skye Canyon master plan in the northwest in 2020,” Smith said. We need to preserve quotes exactly. Let's identify quoted statements: - "If we presume an mean of 10 units per acre, this equates to astir 370 caller homes, oregon little than 3 weeks of inventory astatine May’s income pace,” Smith said. But there are weird words. The original quote had OCR errors: "presume", "mean", "astir", "caller", "oregón", "little", "asteat", "income". Actually the quote: “If we presume an mean of 10 units per acre, this equates to astir 370 caller homes, oregon little than 3 weeks of inventory astatine May’s income pace,” Smith said. We must preserve that quote exactly, including the weird words? The instruction says preserve quotes exactly. So we must keep that exact quote text as given. That includes the odd words. Similarly other quotes: Smith said various statements. We need to preserve those exactly as they appear. Thus we need to extract each quoted segment exactly as in original, including any odd wording, and keep them unchanged. Let's locate all quoted parts in original: 1. “If we presume an mean of 10 units per acre, this equates to astir 370 caller homes, oregon little than 3 weeks of inventory astatine May’s income pace,” Smith said. 2. According to Las Vegas-based Home Builders Research President Andrew Smith. (that's not a quote, just attribution) But there are statements attributed to Smith like: "according to Las Vegas-based Home Builders Research President Andrew Smith." Not a direct quote. But there are many statements like: "Smith said." The text after that is not in quotes originally? Actually original: "according to Las Vegas-based Home Builders Research President Andrew Smith." Then later: "Smith said." The statements after "Smith said." are not in quotes in the original? Let's check: In the text, after many statements they have ", Smith said." without quotation marks. For example: "Meriden contains 5 product lines, including some detached and attached products with base asking prices ranging from $324,990 to $499,990, according to Las Vegas-based Home Builders Research President Andrew Smith." That's not a quote, it's attribution. Later: "Taylor Morrison opened Esplanade at Red Rock in Summerlin, offering 12 products of different types ranging from 1,569 square feet to 2,830 square feet with base asking prices from just under $700,000 to $1.6 million, Smith said." No quotes. Later: "Taylor Morrison also began reporting Solstice in the 89183 ZIP Code with 60 lots priced in the $500,000s." No Smith said. Later: "Toll Brothers began selling Iron Pointe and Liberty Ridge in Boulder City. Iron Pointe has 27 lots with homes priced in the $600,000s under the Stonybrook Homes brand. Liberty Ridge contains the Crestfield with 14 lots priced at $1.1 million and Windmarch with 15 lots priced from $900,000 to $1.1 million, Smith said." No quotes. Later: "There were 711 new home closings in May, a 14 percent change from May 2025. The 2026 total (3,270) is 24 percent below 2025 to this point, Smith said." No quotes. Later: "According to Clark County data, under 12 percent of new home closings in May were cash transactions. Of those that were financed, the average debt amount was $446,791. The largest debt for a new home closing in May was $6.675 million by Goldman Sachs for a customized home in MacDonald Highlands in Henderson built by Giberti Construction, Smith said." No quotes. Later: "The median new home closing price for all product types was $518,990 in May 2026, a 2 percent change from May 2025. The median new home closing price for single-family detached products was $555,793, down 5 percent from May 2025. For attached product types, the May 2026 new home median closing price was $372,990, 2 percent lower than May 2025, Smith said." No quotes. Later: "Cancellations reported a 2026 high of 20 percent in the last week of April but stabilized around 15 percent throughout the month of May, Smith said." No quotes. Later: "Smith said Freddie Mac reported that average mortgage rates rose sharply during May, ending the month with the highest average rates since August 2025. Over the course of the month, rates rose from 6.30 to 6.53 percent on average for 30-year fixed-rate mortg
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