HOUSING
REAL ESTATE MARKET IS STARTING TO CHURN AGAIN
By Delen Goldbergstaff writer L
500
Yes, you read that right. The
market
The number of new-home closings per month that experts anticipate seeing by June in Southern Nevada.
as Vegas homebuilders can't build hous- es fast enough these days to keep up with buyers' demand.
valley's new-home is booming. Devel-
opers say they haven't built, or sold, so many houses in years.
"I'm as much as 80 to 90 percent higher in volume than last year," said Robert Beville,
president of Har-
mony Homes. "I'll probably more than double my deliv- eries this year."
Applications for new home permits in Henderson, North Las Vegas, Las Vegas and Clark County have increased 40 percent from last year, according to Home Builders Research. Prices have risen 6 percent to an average of $201,000, and sales have jumped 20 percent.
SEE HOME BUILDERS PAGE 9
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www.VEGASinc.com | 4 JUNE 2012 | business.unlv.edu/mba 7 STEVE MARCUS / VEGAS INC FILE
COURTS
JUDGE REJECTS ATTORNEY'S TAX INITIATIVE LAWSUIT
By Steve Greensenior staff writer E
fforts to raise Nevada's gaming, min- ing and business taxes through the initia- tive process never seem to get far — and that held true May 22 when Kermitt Wa- ters' latest effort was rejected by a judge. Part of a lawsuit filed by Waters to get a tax initiative on the ballot — this one ex- empting large casinos — was rejected by Clark County District Court Judge Jerry Wiese in Las Vegas.
Waters, a Las Vegas eminent domain attorney known as an advocate for citi- zen access to the ballot, said he probably would appeal the ruling to the Nevada Supreme Court. He's also prosecuting a separate part of the lawsuit in federal court.
Wiese rejected claims by Waters that certain election bills passed by the Leg- islature violated a constitutional require- ment that bills stick to a single subject. Waters had hoped that Wiese would find the bills violated the single-subject rule, as such a ruling could clear the way
SEE TAX INITIATIVE PAGE 10
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