D.R. Horton has taken the lead among Las Vegas homebuilders through the first nine months of 2026, recording 1,172 net sales compared to Lennar's 1,154, according to Home Builders Research. The shift positions D.R. Horton to end Lennar's streak as the market's top seller, a title Lennar has held every year since 2022.
Lennar edged out D.R. Horton in each of the past three full years, posting 1,796 sales to D.R. Horton's 1,663 in 2025. KB Home ranks third this year with 782 net sales, followed by Pulte Group at 762. Sekisui House, Century Communities, Taylor Morrison, Touchstone Living, Toll Brothers, and Tri Pointe Homes round out the top ten.
Overall new home closings have fallen 20 percent year-to-date to 6,143 as mortgage rates above 7 percent continue to deter buyers. Home Builders Research CEO Andrew Smith said builders are cutting personnel and permits are down 24 percent for the year, reflecting a market downturn.
Smith predicts D.R. Horton will finish the year on top, citing the company's strength in lower price ranges and active communities in North Las Vegas and Henderson's Cadence master plan. He noted KB Home's totals have been affected by the winding down of its Inspirada master plan in west Henderson, though new projects are in the pipeline.
Sales typically slow at year-end and pick up in January and spring, but Smith said uncertainty around interest rates makes forecasting difficult. "I don't know if that's going to happen right now because of interest rates and everything else," he said regarding the usual January sales spike.
Sources: Las Vegas Review-Journal
Original reporting: Las Vegas Review-Journal →
English (US)·