Economy Looks Good / Housing Looks Good

Goog news for owners of Las Vegas homes! The Commerce Department’s durable-goods report showed orders for items intended to last three years or more grew 0.3% in February, indicating continued strength in economic growth. Separately, new-home sales jumped 9.4% to a seasonally adjusted annual rate of 1,226,000 according to the Commerce Department. “There’s tremendous desire on the part of the American consumer to own a home, and there’s a very constricted supply,” said Joel Rassman, chief financial officer of Toll Brothers Inc., one of the nation’s largest builders of luxury homes. Las Vegas real estate continues to perform with strength and stability. Construction of new Las Vegas homes also continues at a steady pace.

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