Category: Trends

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Trends
NVBEX Staff
2 Apr 2025

Cost of Construction Materials Rise in Anticipation of Tariffs

The cost of construction materials has increased due to the anticipation of effects from tariffs. An Associated Builders and Contractors analysis of the U.S. Bureau...

Trends
CJ Jorgensen
31 Mar 2025

U.S. Infrastructure Grade Improves from C- to C

The United States has seen a steady improvement in its nationwide infrastructure throughout the past four years. Despite this, plenty of areas are still in...

Trends
NVBEX Staff
29 Mar 2025

Reno Multifamily Developers Reluctant to Build as Vacancy Rates Grow

While rents in the Reno-Sparks metropolitan area have stabilized, apartments are reaching target occupancy levels at a slower rate. One of the reasons for the...

Trends
NVBEX Staff
26 Mar 2025

Fewer Than 40,000 Completed GRAPs in 2024

At current rates of participation and completion, federal and state Government-Registered Apprenticeship Programs, or GRAPs, are still failing to meet the construction industry’s short- and...

Trends
NVBEX Staff
21 Mar 2025

Builder Confidence Falls in March

Economic uncertainty, the threat of tariffs and elevated construction costs pushed builder sentiment down in March even as builders express hope that a better regulatory...

Trends
NVBEX Staff
19 Mar 2025

Materials Prices up 0.6% in February

Construction input prices increased 0.6% in February, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor Statistics’ Producer Price Index data....

Trends
NVBEX Staff
14 Mar 2025

Feb. Backlog Dips; Confidence Remains High

Associated Builders and Contractors reported its Construction Backlog Indicator fell to 8.3 months in February, according to an ABC member survey conducted Feb. 20 to...

Trends
NVBEX Staff
13 Mar 2025

Nevada Construction Down 1.2% in First Report of 2025

Joining a month-over-month dip from December 2024 to January 2025, seasonally adjusted statewide construction employment shows a year-over-year decline of 0.4%. Total construction employment accounts...

Trends
NVBEX Staff
12 Mar 2025

Feb. Delivers Strong Construction Job Growth

The construction industry added 19,000 jobs on net in February, according to an Associated Builders and Contractors analysis of data released by the U.S. Bureau...

Trends
NVBEX Staff
7 Mar 2025

Nonresidential Construction Spending Up 0.1% in Jan.

National nonresidential construction spending increased 0.1% in January, according to an Associated Builders and Contractors analysis of data published by the U.S. Census Bureau. On...

Trends
NVBEX Staff
5 Mar 2025

Las Vegas Retail Sector Hits Sales High Since Q4 2022

The Las Vegas Retail market’s average asking lease rate stayed flat year-over-year, landing at $2.01/SF/month NNN. With land costs and costs of construction still high,...

Trends
NVBEX Staff
21 Feb 2025

Builder Confidence Falls in February

Builder sentiment fell sharply in February over concerns on tariffs, elevated mortgage rates and high housing costs. Builder confidence in the market for newly built...

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Mark Hobaica

Mark Hobaica

Executive Vice President

Core Construction

Since 2019, as CORE Construction’s Executive Vice President for Nevada, Mark ensures every client CORE serves receives the highest level of personalized care for every project. Mark’s passion is client Trust. He cares deeply about CORE’s reputation, partnerships and providing the highest quality and services, as well as most honest and best value possible. He has worked in the Las Vegas Valley and for the Public Works sector for nearly 35 years. He began as an owner in a local architectural firm designing and overseeing projects for Public Works clients for nearly 12 years. He clearly understands the expectations of the public sector, as he then directed numerous projects for over 16 years as the City Architect for the City of Henderson. His focus has always been delivering projects using CMAR or Construction Manager at Risk as he has implemented dozens of projects with his trusted approach, while always involving every stakeholder to ensure each individual receives the highest level of services expected.