"In a post on his Truth Social platform in early October, he accused major builders of hoarding lots to prop up prices-likening them to OPEC, which restricts oil output to maintain high prices. "They're my friends ... but now, they can get Financing, and they have to start building Homes. They're sitting on 2 Million empty lots, A RECORD," Trump wrote."
"The state's median listing price was $492,789 in 2024, while the median household income stood at $71,942. The Realtors Affordability Score came in at 0.49, reflecting how rising costs have made ownership increasingly out of reach for middle-income families. On the construction side, Nevada accounted for 1.4% of all U.S. housing permits last year, compared with 1.0% of the nation's population-a permit-to-population ratio of 1.4."
Nevada's housing market combines very high demand, limited supply, and rapidly rising prices that exclude many residents from ownership. Realtor.com assigned a C- and a total score of 45.7, reflecting stretched affordability and uneven construction. The state's median listing price was $492,789 in 2024 and median household income was $71,942, producing a Realtors Affordability Score of 0.49. Nevada accounted for 1.4% of U.S. housing permits last year versus 1.0% of the population, a permit-to-population ratio of 1.4. Builders face rising costs, material shortages, and permitting delays. Federal attention and pressure on large builders aim to increase supply.
Read at SFGATE
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