October 29, 2026 - 11:48 am

Las Vegas homebuilders’ sales volume last month wasn’t far below year-ago levels.

But as a new report shows, by one measure, their sales activity fell to the lowest level of 2026 “once again.”

Builders landed 483 net sales — newly signed sales contracts minus cancellations — in Southern Nevada in September, down 5 percent from the same month last year, according to Las Vegas-based Home Builders Research.

The volume of construction plans last month was essentially the same year-over-year, as builders pulled 585 new-home permits in September, down by just three, or 0.5 percent, from the same month last year.

Nonetheless, in a sign that Southern Nevada’s homebuilding market remains largely sluggish, one gauge of home sales fell to the lowest point of the year.

The weekly average of net sales last month, 121, “decreased to the lowest total of the year once again,” Home Builders Research President Andrew Smith wrote in the report.

Construction slowing fast

Overall,…