The photograph above shows high density residential housing built in the early 2000s in Henderson, Nevada, a suburb of Las Vegas developed to accommodate large increases in population in the area. Which of the following best explains the growth in population and housing shown in the image and the census data?

Should involve economic development in addition to investment in real estate, however I'm not 100% sure. Geography isn't necessarily my strong suit.

A cycle of rapid and economic development and real estate investment

Explanation:

The type of housing development shown is indicative of the growth in service and technology industries across the Sun Belt of the U.S. Many cities in the U.S. experienced a period of economic growth and real estate investment from the mid-1990s until the Great Recession of 2007.