The New American Home, a demonstration project in Las Vegas, rambles a bit at 8,800 square feet, but it boasts a number of energy-saving features. In this rear view of the four-level home, solar panels can be seen in the foreground. The showcase house was unveiled last month by the National Assn. of Home Builders, and although a buyer has requested that its price be kept secret, the home is reported to have cost $4 million.

If there’s such a thing as being “economically incorrect,” this house is it.

With consumers around the country mired in financial anxiety, the National Assn. of Home Builders nonetheless last month unveiled a showcase home in Las Vegas where its high-roller inhabitants will loll about in 8,800 square feet of spare-no-expense luxury. And they chose to build it in a city where the housing market is so bad it ought to be declared a disaster area.

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