What Las Vegas housing supply crisis?

A recent newspaper article points out that land is in short supply in the valley for residential development. Because of that, BLM ought to auction off more of it. It seems to be a public relations stunt put together by the home building community, is the counter argument. There is plenty of land available for housing construction.

After all, Summerlin master-planned community has about 100,000 residents today and when completed somewhere around 2025, it's expected to double that number. The Park Highlands project is still to commence building on 2,700 acres for some 50,000 homeowners. There are other projects to support the counter argument. And what about the over 20,000 MLS listings looking for qualified buyers? Interesting discussion.