NSAA strives to protect Nevada's apartment assets and integrity. With our members combined efforts, NSAA can serve the industry's best interests and your best interests.
Sure, the Las Vegas housing market has perked up — but enough to justify a nearly tenfold increase in new apartment units?
Demand for apartments remains strong four years after the recovery began, even as construction activity has gradually been increasing. Not even the seasonal weakness normally observed during the fourth quarters of calendar years had much if any impact on the market dynamics.
Las Vegas remains light years behind every other apartment market nationally in the recovery process, but the Sin City is now at least moving in the right direction -- finally. Las Vegas showed solid momentum in both occupancy and rent in 2013, thanks to gradually improving job growth levels.
The Q4 2013 Northern Nevada Commercial Investment Real Estate Report for Reno and surrounding areas is now available.
Despite tighter housing inventory levels, the number of vacant homes in America remains somewhat elevated. The overall year-round vacancy rate hit 10.2% when accounting for total housing units, while approximately 2.7 of the total units were for rent, the Department of Commerce’s Census Bureau said.
More News >>
All website content is Copyright © 2014 Nevada State Apartment Association. All rights reserved.
Be a part of our association. Join the NSAA TODAY!!!Already a member? Login here
PHASE I Crime Free Multi-Housing Management Training - March 19, 2014
Click here for more events
EDUCATION: What's New in Fair Housing with Judy Cook - April 17, 2014
Learn about NSAA's legislative goals or DONATE TODAY!Current LEGISLATIVE NEWS
Sign up to receive electronic newsletters, industry information and upcoming events notifications.
Address 9011 West Sahara Avenue, Suite #150 | Las Vegas, Nevada | 89117Phone 702.436.7662 | eFax 702.446.8445 | Email email@example.com