Rob Sabo

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May 28, 2012
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Guess what's back? Residential realty

After years of stagnation, the residential construction market in Northern Nevada is slowly finding its legs.Developers are cautiously re-entering the market after lying dormant the past few years due to a glut of inventory and falling home prices. Most local builders are using private financing to advance a handful of homes at a time to control costs and hedge their financial risk, but even the large national builders such as Lennar are only building a few homes at a time.Among the communities with new stick framing in 2012:* The Ranch at Gardnerville, a master planned community* Copper Trails in Elko* …

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Northern Nevada Business Weekly Updated May 28, 2012 12:00AM Published May 28, 2012 12:00AM Copyright 2012 Northern Nevada Business Weekly. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.