Southern Nevada homebuilders opened 12 new for-sale product lines in April, bringing 628 lots into the marketplace as a Summerlin gated subdivision with homes starting at just under $900,000 led the way in sales for the month, as builders continue to unveil higher-end product lines exceeding $1 million.
Pulte Home’s Brantley in Summerlin was the top-selling subdivision with 21 net sales in April. Its prices start at $869,990. D.R. Horton was April’s top-selling builder with 162 net sales, according to Las Vegas-based Home Builders Research.
The firm reported that D.R Horton began reporting Arabella Falls in North Las Vegas, with its 13 lots and prices for single-family homes, in the $500,000s.
Lennar debuted Fairview in Summerlin with 85 lots for single-family homes priced at $1.8 million-plus.
Lennar also brought on board Solara in North Las Vegas with 52 lots for attached products in the $300,000s, and Windsor Place in the southwest valley with 34 lots for single-family homes priced in the $600,000s.
Pinnacle Homes opened Brighton in the southwest with 10 lots of single-family homes priced at $1.3 million-plus.
Sekisui House U.S. opened Addison Place with 52 single-family lots with home prices in the $700,000s; and Caliterra in the southwest with 104 lots for attached products in the $400,000s. It also has Eldorado Springs in the south valley with 43 lots in the $500,000s and Iris Glen’s attached products with 75 lots in the $600,000s in Summerlin under the Richmond American Homes brand.
Toll Brothers began reporting Crestwood Ranch in the northwest valley with nine single-family lots with prices of $1.2-million-plus and Wellston Ridge in the southwest — single-family homes with 19 lots priced in the $400,000s under the Storybook Homes brand.
In addition, Tri Pointe Homes debuted its project Aberdeen in Summerlin, 131 single-family lots with prices in the $600,000s, according to Home Builders Research.
Also in April, Home Builders Research said vacant land purchases by homebuilders yielded only four closings in April, adding just over 30 acres to their portfolios.
“If we assume an average of 10 units per acre, this equates to around 300 new homes, or less than two weeks of inventory,” Home Builders Research President Andrew Smith said.
The group was highlighted by three transactions adding up to just over 23 acres acquired by KB Home in the far northwest, north of Kyle Canyon Road. PulteGroup also acquired just under 7.5 acres in the southwest.
Smith said media coverage of the land crisis in Southern Nevada seems to have increased over the past few weeks, which he suggested “is a great start” to increasing pressure on the federal government to increase the efficiency by which Bureau of Land Management-controlled land in Clark County is released to auction.
The most recent Southern Nevada land auction concluded at the end of April 2026, and saw 13 parcels (108) acres sold for over $68 million, Smith said. This was nearly $16 million above fair market value, according to the BLM. Homebuilders placing winning bids during the auction included Pulte Group, Toll Brothers and KB Home.
Smith said further research shows that an additional nine parcels (125 acres) did not secure a winning bid. Home Builders Research reported the April building permit total of 623 was 36 percent lower than April 2025. The 2026 total (2,918) is 24 percent below the same point in 2025.
There were 612 new home closings in April, a 28 percent decrease from April 2025. The 2026 total (2,559) is 26 percent below 2025 to this point, Smith said.
New home market share in terms of overall closings was 18 percent in April, the first time it has dropped below 20 percent since May 2022.
There were 447 single-family detached closings in April, 26 percent fewer than a year ago. The 2026 total (1,902) is 25 percent below the 2025 figure through April, Smith said.
Attached products closed 135 units in April, 35 percent fewer than in April 2025. The 2026 total (657) is down 28 percent year to year. Market share for attached new-home products in April was 22 percent, the lowest monthly share thus far in 2026, Smith said.
Some 15 percent of new-home closings in April were cash transactions. Of those that were financed, the average loan amount was $422,792.
The largest loan for a new-home closing in April was $2.4 million by Bank of America for a home in the Caprock at Ascension collection in Summerlin from Pulte Homes, Smith said.
The median new home closing price for single-family detached products was $559,571, down 3.5 percent from April 2025. For attached product types, the April new-home median closing price was $370,000, 4.7 percent lower than April 2025, Smith said.
