Summerlin sees record land sales in first quarter of 2013

Summerlin, a 22,500 acre master-planned community on the western edge of Las Vegas, quadrupled their sales numbers in the first quarter of 2013 compared to one year ago. The development had $28.2 million of residential land sales in the first quarter of 2013, reported developer Howard Hughes Corp. This almost matched the sales revenue for all of 2012, $31 million.

CEO David Weinreb was "particularly pleased that the Las Vegas housing market is showing such strong improvement."

Construction is also growing as 1,793 building permits were issued in the first quarter of 2013, nearly double 2012's first quarter.

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