Las Vegas Area Leads U.S. in Home-Construction Gains
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Las Vegas, one of the hardest-hit cities in the U.S. real estate crash, had the biggest jump in housing starts in the fourth quarter, almost doubling from a year earlier.
Construction of single-family homes surged 96 percent in the Las Vegas metropolitan area, 92 percent in Florida’s Naples-Ft. Myers area and 91 percent in Atlanta, Metrostudy said in a report. The U.S. average was a 47 percent increase, according to the Washington-based research firm’s survey of 84 markets.