It has been nearly three years since builder Josh Anderson purchased 36 distressed lots just outside of Las Vegas for an average of about $90,000 each, hoping that a bet on troubled land would pay off once the market turned.
If all goes well this week, his gamble could result in a jackpot.
One of the lots Mr. Anderson bought was used to build the “New American Home,” the name given to a model home that captures the latest design trends and is unveiled annually at the International Builders’ Show. This year’s show, a mega convention expected to attract 80,000 members of the home-building and home-renovation industry, opened in Las Vegas on Tuesday.
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