Longtime, respected home builder, Frank Wyatt, the president of Pinnacle Homes in Las Vegas, has taken the helm as 2016 president of the Southern Nevada Home Builders Association.
Wyatt has been an active member of the association since 1982 when he was a consulting engineer at then-SEA Engineers. He established Pinnacle Homes in Las Vegas in 1992. He also served as SNHBA president in 2011, and has been very active on many of the association’s committees, including its Executive, Legislative, Codes, and Community Planning and Infrastructure committees. In 2015, SNHBA presented Wyatt with a Lifetime Achievement Award in Home Building.
“There have been a lot of transitions at the association in recent years, but our central mission remains largely the same – work hard to keep new homes competitively priced for as many potential homebuyers as possible,” Wyatt said during his acceptance speech at the association’s Installation and Awards Luncheon in December at the Four Seasons Hotel.
He said the tight supply of local land remains the primary challenge for home builders to sell their new homes at competitive prices.
“Land is a major component of the cost of a home, and in Southern Nevada, it’s a huge challenge for home builders. More than 80 percent of the land in Nevada is owned or controlled by the federal government. Contrast that with Texas where the federal government has less than 2 percent.
“This land constraint keeps our land costs high relative to other locations in the region, and that makes new-home affordability more difficult. The processes currently under way to make land more available will take many years. It’s critical we be a part of the process as it moves forward,” Wyatt said.
Wyatt’s roots in Nevada run deep. He graduated from Earl Wooster High School in Reno in 1971. The late Senator Alan Bible appointed Wyatt to the U.S. Air Force Academy that year. He had to resign from his studies in 1973 because of a vision problem that interfered with pilot qualification.
He went on to the Georgia Institute of Technology, better known as Georgia Tech, in Atlanta from 1974 to 1976, graduating with high honors with a degree in civil engineering. In 2004, Georgia Tech presented Wyatt with a Distinguished Graduate Award.