Vegas valley short on land for housing development.

At the current rate of building, the supply of land for residential development will dry up in about six years, concludes one study. There are nearly 36,000 acres of federal and private land available now and when the annual usage is around 5,400 acres, the numbers add up.

Where is everybody turning their eyes to? BLM is the answer. Calls are going out for the Feds to release more land to be auctioned. But BLM has its own rules and says that it won't sell any when the real estate market is soft, as it is today. As the supply dwindles, the result is that prices will soar in the near future. Isn't that what the market economy is all about? Supply and demand.