Las Vegas’ jobless rate has shrunk dramatically since the early chaos of the pandemic but still second highest among 51 large metro areas.
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UNLV’s Center for Business and Economic Research predicts that visitor volume in Southern Nevada will climb 57 percent this year and 13.2 percent next year, following its 55.2 percent drop in 2020.
U.S. homebuilders’ sales fell to its slowest pace in a year last month, and resales dropped for the fourth consecutive month. And it’s no different in Southern Nevada.
A spread of land once owned by Siegfried Roy is now home to a rare sort of real estate project in Southern Nevada: an infill housing tract.
Developer Brett Torino expects to open a retail complex at CityCenter next year.
The long-planned $4.3 billion property could bring more tourists to the north Strip and a surge of visitors overall to Las Vegas.
Southern Nevada’s housing market is dominated by single-family homes, but there are plenty of condos and townhouses, which have also sold rapidly amid Las Vegas’ homebuying frenzy.
Resale totals have fallen the past two months, and available inventory has climbed for three straight months as house prices keep setting all-time highs.
Howard Hughes Corp. is developing an office building next to Las Vegas Ballpark and the second phase of a luxury apartment complex.
Buyers picked up 3,189 previously owned single-family homes — the bulk of the market — in May, down 9.6 percent from April but up 87.3 percent from May 2020, a new report shows.
The Las Vegas Valley’s unemployment rate in April, 9 percent, was second highest in the nation among large metro areas, ahead of only Los Angeles at 9.9 percent, the U.S. Bureau of Labor Statistics reported Wednesday .
Mark Evensvold claimed he had a contract with entrepreneur Tony Hsieh that called for loosely defined work responsibilities, including possibly building treehouses.
Developer Jonathan Kermani expects to start construction in September on a project to renovate, partially demolish and expand the vacant White Cross Market building.
Builders notched 1,215 net sales — newly signed sales contracts minus cancellations — in Southern Nevada in April, up nearly 400 percent from 244 sales in April 2020.
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