Las Vegas builders opened seven new for-sale product lines to start 2026, and D.R. Horton was the top seller in January.
Las Vegas-based Home Builders Research released its monthly report that showed those seven product lines brought 670 lots into the market.
They are Beazer Homes with Rosa Point; Lennar with Estates at Grand Canyon and Piazza Paradiso; Taylor Morrison with Vivere; Toll Brothers with Parkhill Crest and The Loughton; and Tri Pointe Homes with Lakeview Ridge.
Home Builders Research President Andrew Smith said Rosa Point, Parkhill Crest and The Loughton are attached product types. and Vivere is located in the Mountain Falls master plan in Pahrump.
While D.R. Horton was January’s top-selling builder with 167 net sales, Independence from Touchstone Living was back as the top-selling single-family community with 21 net sales.
Overall, there were 14 new home communities reporting double-digit sales in January, and the average net sales per subdivision for the month was 0.7 lower than January 2025 (0.8), but that can be considered average, Smith said.
Home Builders Research reported new home net sales (new sales minus cancellations) in January were 20 percent below the historical average.
The monthly total of 790 was down 19 percent from January 2025, when there were 974. The average net sales per week of 158 increased month to month by 27 percent, which Smith was not surprising for the start of the year.
That comes as FreddieMac reported that average mortgage rates decreased slightly in January from 6.15 percent to 6.10 percent on average for 30-year fixed rate mortgages and rose slightly from 5.44 to 5.49 percent for 15-year fixed rate mortgages, Smith said.
There were 525 new home closings in January 2026, a 32 percent decrease from January 2025. New home market share in overall closings was 21 percent, well below the 2025 average of 25 percent, Smith said.
There were 404 single-family detached closings in January, 31 percent fewer than a year ago. Attached products closed 121 units in January, 37 percent fewer than in January 2025. Market share for attached new home products in January was 23 percent, Smith said.
In citing Clark County data, Smith noted 19 percent of new home closings in January were cash transactions. Of those that were financed, the average loan amount was $508,810. The largest loan for a new home closing in January was $2.412 million by Cornerstone First Mortgage for a Toll Brothers home in the Crestline neighborhood at Ascension in Summerlin.
The median new home closing price for all product types was $533,700 in January, a 1.9 percent increase from January 2025. The median new home closing price for single-family detached products was $581,600, up 4.6 percent from January 2025. For attached product types, the January 2026 new home median closing price was $371,990, 3.9 percent lower than January 2025, Smith said.
Builders took out 643 permits in January, 39 percent fewer than January 2025. It’s down 35 percent from December.
Smith said vacant land purchases by homebuilders yielded eight closings in January, adding just over 105 acres to their portfolios. These were highlighted by the purchase of 37 acres by D.R. Horton, the latest in the upcoming Skye Summit master plan in the northwest.
Smith said also of note was the 19.1 acres also acquired by D.R. Horton near Pebble Road and Gran Canyon Drive in the far southwest part of the valley.
Century Communities closed a deal for 17.6 acres in Skye Summit. Landon Miller Homes, Beazer Homes, Taylor Morrison and Sekisui House U.S. also added vacant land in January, Smith said.
