Category: Trends

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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...

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...

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