Category: Trends

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Trends
NVBEX Staff
19 Feb 2025

Input Prices Up 1.4% in January

Construction input prices increased 1.4% in January compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor...

Trends
CJ Jorgensen
28 Jan 2025

Construction Employment Continues to Grow While Other Fields Dip

By CJ Jorgensen for NVBEX As of December 2024, total nonfarm employment in Nevada has seen a 0.4% increase year-over-year, despite a slight dip from...

Trends
NVBEX Staff
21 Jan 2025

Multifamily Starts End 2024 Down 25% Year-over-Year

Fueled by solid demand, single-family construction moved higher in December despite several headwinds facing the industry, including high mortgage rates, elevated financing costs for builders...

Trends
NVBEX Staff
20 Jan 2025

Backlogs Dip in Dec.; Confidence Up in 2 of 3 Categories

Associated Builders and Contractors reported its Construction Backlog Indicator inched down to 8.3 months in December, according to an ABC member survey conducted Dec. 20...

Trends
NVBEX Staff
18 Jan 2025

Input Prices Down for Dec., Up YoY

Construction input prices decreased 0.2% in December compared to the previous month, according to an Associated Builders and Contractors analysis of U.S. Bureau of Labor...

Trends
NVBEX Staff
14 Jan 2025

Construction Adds Just 8,000 Jobs in December

The construction industry added just 8,000 jobs on net in December, according to an Associated Builders and Contractors analysis of data released by the U.S....

Trends
NVBEX Staff
14 Jan 2025

Study Shows Drops in Household Growth, Demand

According to a recent study from the Joint Center for Housing Studies of Harvard University, household growth in the coming years is projected to slow...

Trends
NVBEX Staff
10 Jan 2025

Construction Shows 276,000 Job Openings in Nov.

The construction industry had just 276,000 job openings on the last day of November 2024, according to an Associated Builders and Contractors analysis of data...

Trends
NVBEX Staff
10 Jan 2025

Wave of Maturing Loans Could Fuel 2025 Multifamily Investment

The extend and wait approach to managing commercial real estate loans prevalent over the last few years, in which maturing loan terms were extended in...

Trends
NVBEX Staff
7 Jan 2025

U.S. Multifamily Market Expected to Stay Strong in 2025

The multifamily market across the United States seems to be one of the strongest heading into 2025 and is expected to remain one of the...

Local News, Trends
NVBEX Staff
3 Jan 2025

Northern Nevada Multifamily Developments Decline in Q3 2024

The number of multifamily developments in the Reno-Sparks area has seen a decline despite low vacancy rates and increasing rental prices. Currently, there are 6,274...

Trends
NVBEX Staff
23 Dec 2024

Input Prices Flat in November

By Associated Builders and Contractors Construction input prices were unchanged in November compared to the previous month, according to an Associated Builders and Contractors analysis...

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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.