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Multifamily Leads Permitting Out of Slump, But Starts Are Flat

Published: Monday, April 7, 2014

The U.S. Census Bureau's metropolitan statistical area (MSA) residential permit report for February 2014 reported a sharp increase in permits, primarily due to a surge in multifamily (MF) permitting.

Nevada State Bank Economic Briefing for March 2014

Published: Monday, March 31, 2014

In her February 27, 2014 statement to the United States Senate Banking Committee, recently confirmed Federal Reserve chairwoman Janet Yellen stated that the nation is “a lot closer to a normal economy than we’ve been in a long time.” This prompted a discussion item from Nevada Senator Dean Heller who asked if a persistently high unemployment rate of nine percent could be a new normal for Nevada. In response, Chairwoman Yellen surmised that “Nevada is one of the states that has been most badly affected” by the downturn, and that the state is still “some years” away from what might be considered a normal economy.

Apartment Market Summary: February 2014

Published: Thursday, March 20, 2014

Annual effective rent growth at the national level has been moderating for the past two years and this trend continued in February. For the month, annual effective rent growth measured 2.8%, while occupancy increased to 94.3%.

Las Vegas Apartment Market Overview - February 2014

Published: Monday, March 17, 2014

With over 2.6 million apartment units updated each month, ALN Apartment Data is one of the most complete and accurate data provider available anywhere in the country. The Las Vegas Apartment Market Overview for February 2014 is now available to view.

Become A Daily Learner Ö Today!

Published: Wednesday, March 12, 2014

Grooming new SuperStars is the easy part. The tough part is having a system to hire the best candidates today … who will be the leaders in your property management company, tomorrow. Follow the three steps in this article and the dream of having a powerful farm-team is just months away!

Nevada State Bank Economic Briefing for February 2014

Published: Tuesday, March 11, 2014

The numbers have been tallied. This latest economic briefing provides the first opportunity to evaluate the annual performance measures for Nevada in 2013 and how they compare to the prior year. While a select few performance indicators have yet include year-end final figures, and the majority of those suggest 2013 ended the year in a better position than where it started.

Nevada Market Report - February 2014

Published: Friday, February 28, 2014

When looking forward to 2014, it is important to consider the gains achieved in 2013. Employment in the Silver State expanded by 1.8 percent during the past year, as the count of employees reached a total of 1,185,700 (+21,500 jobs). Additionally, the seasonally adjusted unemployment rate continued on a downward trajectory to 8.8 percent by December 2013; the latest jobless figure represented a 1.0-point decline from a year ago. Gains were reported in nearly every sector of the Nevada economy. The retail sector responded to increased consumer spending as 8,000 additional retail jobs were created, representing a 5.7-percent jump. Education and health services continued to grow as 4,300 incremental jobs were created in the past year (4.0-percent increase). Other areas posting year-over-year gains included government (+3,500 jobs), professional and business services (+2,200 jobs), and leisure and hospitality (+1,300 jobs).

Las Vegas Poised for an Apartment Boom

Published: Tuesday, February 25, 2014

Sure, the Las Vegas housing market has perked up -- but enough to justify a nearly tenfold increase in new apartment units?